Crypto Blood Lesson: Buying Doesn't Mean Winning, Selling is the Real Master

Looking back at my experiences in the crypto world over the years, there is a key moment engraved deeply in my mind: the nationwide frenzy for altcoins in 2017.

$ADA That year, I watched it rise from $0.03, buying in batches. No one expected it to soar to a peak of $1.2 in just three months, with my account multiplying by 40 times.

During that time, I would rush to open trading software every morning, watching my asset value steadily increase, and I had already planned to use this money to buy a house in the city outright.

But ultimately, I fell victim to greed and never had the heart to press the sell button.

Immediately following, $ADA experienced a cliff-like drop, plummeting back to $0.2, and the unrealized gains evaporated like water, shattering my dream of buying a house.

This painful experience taught me a crucial lesson: in the crypto world, choosing the right buying price is just the beginning; true experts know how to sell gracefully.

Below is the profit-taking and stop-loss method I acquired through hard-earned money.

For profit-taking, I rely on the tiered profit-taking method:

Assuming a coin rises from $1 to $2, I sell 30% first, and I basically recoup my principal, stabilizing my mindset for subsequent fluctuations;

When it rises to $3, I reduce another 30%, and finally, I set a moving profit-taking for the remaining 40%. As long as the price falls 15% from the highest point, I sell everything automatically, not wasting the main rising segment, while also avoiding a complete return of profits.

For stop-loss, I have a strict 5% rule: no trade should exceed a 5% loss of the total principal. Immediately after buying, I set a -10% stop-loss order, effectively insuring the trade.

Don’t worry about missing opportunities; the crypto world is never short of market fluctuations, but losing all your principal means losing the chance to turn things around.

Over the years, I have seen many myths of overnight wealth, but I have seen even more people lose everything on the roller coaster of market ups and downs.

Those who can truly leave the market with profits are always the ones who strictly adhere to discipline.

Those who can survive in the market and still make money are always the ones who dare to take the first step.

Are you ready? @bit福多多

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