In 2017, the frenzy of altcoins in the crypto world was like a high fever, and the most burning imprint in my memory is ADA—the 'teacher' that brought me back to reality from my 'dream of buying a house'.
$EDGE
That year, I gritted my teeth and bought ADA in batches at $0.03. No one expected that in just three months, it would rocket to $1.20! The account numbers multiplied nearly 40 times, and every day I opened my eyes to check the market software; the trailing zeros of my assets were skyrocketing. I even mentally listed the types of houses I wanted to buy in full cash.
Greed ruined everything. I couldn't bring myself to hit the sell button, and as a result, ADA turned and plummeted off a cliff, crashing back to $0.20. The unrealized gains felt like sand slipping through my fingers, and 80% of the profit evaporated in an instant—my dream of buying a house was shattered completely—those numbers were ultimately just an illusion on the screen.
This painful lesson taught me: in the crypto world, knowing how to buy is just the entry ticket; knowing how to sell is the true skill. After six years of ups and downs, I exchanged real money for a 'lazy profit-taking and loss-cutting method,' specifically for ordinary people who don't have time to monitor the market:
Profit-taking: tiered retreat, 'weld' the profits in your pocket.
Don't think about 'selling at the highest point'; that's something only the gods can do. I locked in the fruits of victory with the 'tiered profit-taking method':
* Assume the price of the coin rises from $1 to $2, first sell 30%—this step directly recoups the principal, and the rest is all 'easy profits'; no worries whether it goes up or down;
* When it rises to $3, reduce by another 30%—by this time, most of the profits are already in hand, and the mindset is completely stable;
Loss-cutting: 5% iron rule, put a 'life lock' on the principal.
The crypto world is not short of opportunities, but it lacks the principal to 'survive and turn the tables.' I set a strict rule for myself: a single loss must not exceed 5% of the total principal.
Every time I buy, I immediately set a '-10% stop-loss conditional order'—equivalent to insuring the trade: if it falls 10%, it automatically cuts the position, and if I lose 5%, I admit defeat and leave the market. Don't feel sorry for 'earning less'; if you lose the principal, you won't even have the qualification to sit at the table.
In six years, I've seen too many people chase highs and sell lows, going bankrupt to zero, and I've also seen a few 'tough characters'—they may not have bought the earliest, but they always manage to leave with profits. What's the difference? Discipline. Profit-taking without greed, loss-cutting without dragging; this is the confidence to weather bull and bear markets.
Big Yan doesn't engage in falsehoods; only speaks of the methods forged with real money. When the next wave of opportunities arises, may you also be a 'smart seller' who safely tucks the profits into your pocket!