Tell you about the most painful and valuable thing in my 8 years of trading cryptocurrencies.
In the year $BTC 2017, I started buying ADA at 0.03U.
Three months later, it rose to 1.2U.
$ETH nearly 40 times profit.
During that time, the first thing I did every morning was check how many more zeros were in my account,
I even checked the address of a 4S store.
$SOL but I made a fatal mistake —
I didn't sell a single one.
Later, ADA dropped back to 0.2U,
profits were gradually eaten away,
turning from a "turning point in life" into a "reality that can't make me smile."
On that day, I completely understood a saying:
Buying is luck, selling is skill.
Many people think I am stable now because of good skills.
Not really, it’s because I lost enough and finally learned to respect the market.
Over the years, I have only stuck to a very simple, but life-saving rule.
Regarding profit-taking:
I don’t bet on the top, only do tiered profit-taking.
If it rises 1 time, sell 30%, first recoup the principal
If it rises 3 times, sell another 30%, lock in the major profits
The rest use a trailing stop, if it retraces 15% automatically sell everything
Not chasing extreme returns, just ensuring the money I earn can be taken away.
Regarding stop-loss:
There’s only one iron rule:
Single loss not exceeding 5%.
Set a stop-loss immediately after buying,
If it’s wrong, run, the faster you run, the safer you are.
You ask if I regret?
Yes.
Last month I had a stop-loss order that later doubled.
Friends laughed at me for being too timid.
But three months later, that coin went to zero.
In the end, the one who survived was me.
The cryptocurrency world is never about who makes money the fastest,
but about who can stay at the table the longest.
I have seen too many people make six-figure, seven-figure profits,
and in the end, all returned.
It’s not because they can’t analyze,
but because they won’t sell, won’t stop-loss, won’t admit mistakes.
In this industry, the most expensive thing is not skill,
but discipline.
Only those who execute rules like a machine,
can truly take the money away.
I used to stumble around in the dark,
now, the light is in my hands.
The light is on.
