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 surged to a high of $1.2. The numbers in my account multiplied by nearly 40 times.
At that time, the first thing I did every morning was open the market software, watching the zeros behind my assets increase, and I even began to calculate in my mind 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 started to plummet, crashing back to $0.2 in one go. The floating profit vanished like flowing water, 80% of the profit evaporated in an instant, and the dream of buying a house was completely shattered. $0G
This experience made me thoroughly understand a truth:
In the cryptocurrency world, knowing how to buy is at most just the beginning; true experts know how to sell.
The following profit-taking and stop-loss method is a lesson I learned with real money, especially suitable for ordinary people who don't have time to monitor the market day and night.
Regarding profit-taking, I use the "stair-step profit-taking method":
Assuming a coin rises from $1 to $2, I would first sell 30% of my position, thus basically recovering my principal, and no matter how it fluctuates afterwards, my mindset remains stable; when it continues to rise to $3, I will reduce my position by another 30%, and for the final 40%, I will set a trailing stop — as long as the price falls back 15% from the highest point, it will automatically sell out completely. This way, I won't miss out on the main upward trend 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 place a conditional order, setting 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 your principal is completely lost, you have completely lost the qualification to turn things around.
In these years of storms in the cryptocurrency world, 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.
If you don't know how to time the market, you can find Brother Hui, who will analyze in real-time for 25 hours every day, providing the current best entry points.
