The 40x didn't run away; I smashed my dream of buying a house with my own hands.

In the autumn of 2017, I was sweating in a loft in a village in Shenzhen, staring at the $0.03 ADA, and I put all the 9000 yuan I saved from my internship into it in one go.

Three months later, it surged to $1.2, and my account soared to 360,000. I calculated the down payment and even measured the furniture dimensions.

But I thought I would wait a bit longer, and what I got was a cliff: ADA dropped back to $0.2 within a month, my profits evaporated by 80%, and my dream of buying a house shattered into pieces.

That night I drank two bottles of cold beer, smashed my keyboard, and then realized: those who can buy are apprentices, but those who can sell are masters.

So I set a “lazy man’s iron rule” for myself - it can be used even without time to watch the market:

① Tiered Take Profit

When the coin price doubles, take 30% first, cash out the principal; when it doubles again, sell another 30%; leave 40% with a trailing stop, liquidate if it retraces 15%.

② Hard Stop Loss

The maximum loss for a single trade is 5% of the total principal, set a -10% conditional order as soon as you enter, let the computer cut it for me, and don’t be soft-hearted.

This year, ADA has risen to $0.68 again. I used the same strategy, took profits in three rounds, recovered the 47,000 I lost last year, and even conveniently bought my wife an iPhone 15.

According to the latest data from CoinMarketCap: the average volatility of altcoins in the past year is 138%. Following the iron rule, the retracement is controlled within 7%, and the win rate is raised to 68%.

The crypto world lacks myths, but it lacks people who can safely take profits out the door.

Don’t let greed write your will for you; taking profits and stop losses will always be more reliable than the color of K-lines.

Those who can survive in the market and still make money have always been the ones who dare to reach out first.

Are you ready? @bit福多多

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