Reflect on the tangible!
Great Sunday! 🍀
ZENITH ZORO
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have been trading cryptocurrencies for 8 years, and the craziest time was in 2017.
At that time, I bet on a cryptocurrency called ADA, starting my investment at $0.03, and after 3 months it rose to $1.20, with my account’s floating profit approaching 40 times.
During that time, the first thing I did every morning was to check how many more zeros my account had, and I even started contemplating whether to buy a Porsche — but guess what? I didn’t sell.
Later, ADA fell back to $0.20, with 80% of the profit wiped out, and the Porsche turned into a second-hand BYD.
This experience made me fully understand: in the crypto world, those who can buy are the apprentices, and those who can sell are the masters.
The following set of take-profit and stop-loss methods is something I have gained through real money experience, particularly suitable for ordinary people who don’t want to monitor the market.
First, let’s talk about take-profit.
My current strategy is "staggered take-profit."
For example, when a coin rises from $1 to $2, I will sell 30% of my principal first, so regardless of subsequent rises or falls, I have recovered my costs.
When it rises to $3, I will sell another 30%, and set a moving take-profit for the remaining 40% — when the price retraces 15% from its peak, it will automatically liquidate.
This method allows you to fully capture the main uptrend without wasting effort.
Now, let’s talk about stop-loss.
My iron rule is: a single loss must not exceed 5% of the principal.
For example, if I invest $10,000, I must stop-loss when the floating loss reaches $500.
In terms of specific operations, I prefer to use "conditional orders" to set up orders in advance: after buying, I immediately set a -10% stop-loss order, just like buckling a seatbelt for trading.
Don’t worry about missing out; there are always opportunities in the crypto world, but once the principal is gone, it’s really gone.
Recently, I discovered a counterintuitive trick: lowering the profit target.
Many people always want to sell at the highest point, but they often miss the best opportunity.
Now, as long as I can catch the body of the fish, I’m satisfied, leaving the tail for others — this actually allowed me to achieve a stable profit of 35% this year.
Finally, let me say something from the heart: over the past ten years, I have seen too many stories of overnight wealth, but more people exhaust their principal in the repeated rollercoaster rides.
The ones who can truly take profits are always those who execute discipline like robots.
I remember once I stopped-loss and the coin price doubled again; my friends laughed at me for being cowardly, but I have no regrets — because three months later, that coin went to zero.
Being alive in the crypto world is much more important than making quick money.
Before, I was stumbling around in the dark alone, now the light is in my hands.
During that time, the first thing I did every morning was to check how many more zeros my account had, and I even started contemplating whether to buy a Porsche — but guess what? I didn’t sell.
Later, ADA fell back to $0.20, with 80% of the profit wiped out, and the Porsche turned into a second-hand BYD.
This experience made me fully understand: in the crypto world, those who can buy are the apprentices, and those who can sell are the masters.
The following set of take-profit and stop-loss methods is something I have gained through real money experience, particularly suitable for ordinary people who don’t want to monitor the market.
First, let’s talk about take-profit.
My current strategy is "staggered take-profit."
For example, when a coin rises from $1 to $2, I will sell 30% of my principal first, so regardless of subsequent rises or falls, I have recovered my costs.
When it rises to $3, I will sell another 30%, and set a moving take-profit for the remaining 40% — when the price retraces 15% from its peak, it will automatically liquidate.
This method allows you to fully capture the main uptrend without wasting effort.
Now, let’s talk about stop-loss.
My iron rule is: a single loss must not exceed 5% of the principal.
For example, if I invest $10,000, I must stop-loss when the floating loss reaches $500.
In terms of specific operations, I prefer to use "conditional orders" to set up orders in advance: after buying, I immediately set a -10% stop-loss order, just like buckling a seatbelt for trading.
Don’t worry about missing out; there are always opportunities in the crypto world, but once the principal is gone, it’s really gone.
Recently, I discovered a counterintuitive trick: lowering the profit target.
Many people always want to sell at the highest point, but they often miss the best opportunity.
Now, as long as I can catch the body of the fish, I’m satisfied, leaving the tail for others — this actually allowed me to achieve a stable profit of 35% this year.
Finally, let me say something from the heart: over the past ten years, I have seen too many stories of overnight wealth, but more people exhaust their principal in the repeated rollercoaster rides.
The ones who can truly take profits are always those who execute discipline like robots.
I remember once I stopped-loss and the coin price doubled again; my friends laughed at me for being cowardly, but I have no regrets — because three months later, that coin went to zero.
Being alive in the crypto world is much more important than making quick money.
Before, I was stumbling around in the dark alone, now the light is in my hands.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.