$ADA
I have been trading in cryptocurrencies for 8 years, and the craziest times were in 2017.
At that time, I bet on a cryptocurrency called ADA, starting with my investment of $0.03, and after 3 months it rose to $1.20, with my floating account profit approaching 40 times.
During that time, the first thing I did every morning was check how many zeros were in my account, and I even started thinking about whether I would buy a Porsche - but guess what? I didn't sell.
Later, ADA dropped to $0.20, wiping out 80% of the profit, and the Porsche turned into a used BYD.
This experience made me understand perfectly: in the world of cryptocurrencies, those who can buy are the novices, and those who can sell are the masters.
The following methods for achieving profit and stopping losses are something I gained through real money experience, and they are particularly suitable for ordinary people who do not want to monitor the market.
First, let's talk about making a profit.
My current strategy is "tiered profit taking."
For example, when the currency rises from $1 to $2, I will sell 30% of my capital first, so regardless of the subsequent ups or downs, I have recovered my costs.
When it rises to $3, I will sell another 30%, and set a moving profit target for the remaining 40% - when the price drops by 15% from its peak, it will be automatically liquidated.
