Eight years of ups and downs in the cryptocurrency world, and I have a clear anchor point in my memory: 2017, the ultimate frenzy that belonged to altcoins and swept everything away. $ADA
That year I chose ADA, starting to buy in batches from $0.03. No one expected that, just three months later, it surged to a high of $1.2. The numbers in my account multiplied nearly 40 times.
At that time, the first thing I did every day upon waking was to open the market software, watching the zeros behind my assets increase continuously. I even started to calculate in my mind that this amount was enough to buy a house in the city in full.
But I was too greedy and never pressed the sell button. Soon after, ADA began to plummet, crashing back to $0.2. The floating profits vanished like water, 80% of the profits evaporated in an instant, and the dream of buying a house was completely shattered.
This experience taught me a crucial lesson:
In the cryptocurrency world, knowing how to buy only counts as an entry-level skill; true experts understand how to sell.
The following profit-taking and stop-loss method is a lesson I learned with real money, particularly suitable for ordinary people who don’t have time to watch the market day and night.
Regarding profit-taking, I use the "ladder profit-taking method":
Assuming a coin rises from $1 to $2, I would first sell 30% of my position, which basically recoups the principal, and regardless of whether it rises or falls thereafter, my mindset remains stable;
When it continues to rise to $3, I will then reduce my holdings by 30%, and for the remaining 40%, I will set a trailing stop-loss—if the price falls back 15% from its peak, I will automatically sell everything. This way, I won’t miss the major upward waves while ensuring that profits won’t be fully given back.
As for stop-loss, I have a rule: the loss from a single trade must not exceed 5% of the total principal.
Every time I buy, I will immediately set a conditional order, establishing a -10% stop-loss line. It’s like putting an insurance policy on the trade.
Don’t be afraid of missing opportunities because of this; the cryptocurrency market is never short of trends. But once the principal is lost, you have completely lost the qualification to turn the tables.
Over the past eight years, I have witnessed too many stories of overnight wealth, but I have also seen more people lose everything in the roller coaster of ups and downs. Those who can truly leave with profits are often those who strictly adhere to discipline.
Sister Anxin doesn’t speak empty words, she will help you understand the nuances with a new perspective and seize the next opportunity! 🔥
