After years of ups and downs in the cryptocurrency world, I have a clear anchor point in my memory: 2017, the ultimate carnival belonging to altcoins that swept everything.
That year I chose $ADA, starting to buy in batches at $0.03. No one expected that in just three months, it would soar to a high of $1.2. The numbers in my account multiplied nearly 40 times.
At that time, the first thing I did every morning was open the market software, watching the zeros behind my assets grow continuously, and I had even begun to calculate that this money was enough to buy a house in the city outright.
But I was too greedy and never pressed the sell button. Soon after, ADA began to plummet, crashing back down to $0.2. My floating profits flowed away like water, with 80% of the profits evaporating in an instant, and the dream of buying a house was completely shattered. $0G
This experience made me thoroughly understand a principle:
In the cryptocurrency world, knowing how to buy is at most just the entry level; true experts know how to sell.
The following profit-taking and stop-loss methods are lessons 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 will sell 30% of my position first, so the principal is basically recovered, and regardless of whether it rises or falls from there, my mindset remains stable; when it continues to rise to $3, I will reduce my position by another 30%. For the remaining 40%, I will set a trailing stop-loss—once the price falls back 15% from the highest point, I will automatically sell everything. This way, I can avoid missing the main upward waves while ensuring that profits won't be completely given back.
As for stop-loss, I have a strict rule: the loss on a single trade must not exceed 5% of the total principal.
After each purchase, I will immediately set a conditional order with a -10% stop-loss line. This is like taking out insurance for the trade.
Don't be afraid of missing opportunities because of this; what the cryptocurrency world lacks the least is market movement. But once the principal is lost, you completely lose the qualification to turn things around.
In these years of ups and downs in the cryptocurrency world, I have witnessed too many stories of overnight wealth, but I have also seen more people lose everything in the ups and downs of the roller coaster. Those who can truly leave with profits are often the ones who strictly adhere to discipline.
In the past, you wandered alone in the market in the dark; now the light is here with me, and it has been shining all along. Follow Brother Yue to take you 🚀🚀🚀
