10 Years of Cryptocurrency Trading: The Take-Profit Rules I Gained from 40 Times Returns
After 10 years of trading cryptocurrency, the most painful memory is etched in 2020: heavily investing in ADA starting at $0.03, skyrocketing to $1.2 in 3 months, and the 40 times return made me wake up every day to see my account balance at zero, even eyeing a house in a good school district—yet I got greedy and didn’t sell, ultimately the coin price crashed back to $0.2, leaving me with just a small profit, and my dream of buying a house shattered into pieces.
At that moment, I understood: knowing how to buy makes you a novice, but knowing how to sell makes you a master. Later, I figured out a lazy method that allows me to safeguard profits without constantly watching the market.
Take-profit relies on “stair-step harvesting”: when the coin rises from $1 to $2, first sell 30% to recover the principal; if it rises to $3, sell another 30%, and leave 40% with a trailing stop loss that automatically liquidates if it drops 15% from the high, allowing you to capture the major upward trend without wasting effort.
The stop-loss is strictly set at a 5% red line: immediately set a -10% conditional order after buying, like fastening a safety rope. I was once laughed at for being timid because I missed a doubling due to a stop-loss, but three months later that coin went to zero.
Opportunities abound in the crypto world; staying alive is more important than making quick money, and maintaining discipline is the key to taking away genuine profits.
