After 7 years of trading cryptocurrencies, if I could leave behind only one sentence, I would carve it into my bones: Those who can buy are apprentices, while those who can sell are masters. $XAU
During that wave of bull market in 2020, I heavily invested in ADA at $0.028. Three months later, it surged to $1.26, and my account gained 6 zeros— I even wore out my mortgage calculator, but what happened? I didn't sell a single share. $XAG
Later it dropped back to $0.18, and 80% of the profit evaporated. That feeling of falling from heaven to the ground made me lock myself away for 5 days, reviewing each K-line and each trade. I finally summarized a set of take-profit and stop-loss methods that ordinary people can replicate, and today I'm sharing it with you from the bottom of my heart:
First, tiered take-profit, only eating the flesh of the fish.
Before building the position, write a script: when it rises to the target, sell a portion to recover the principal; if it rises further, sell another portion to lock in profits; for the remainder, set a trailing stop-loss to automatically close out at a certain retracement from the peak. Don’t chase the peak, but don’t miss out on the main bullish wave.
Second, hard stop-loss, this is my safety line.
After building the position, set conditional orders in advance, leaving a buffer for the spikes. When the market crashes, emotions are the least useful. Preserving your life is more important than anything else.
Third, counter to human nature—acknowledge that you won’t catch the bottom.
Those who always want to sell at the highest point often end up losing all their profits. I now only eat the fattiest middle part, leaving the head and tail for others. Does it look conservative? This year, my account has stable and considerable returns.
Having crawled through the crypto world for so many years, I've seen people get rich overnight and also those who go to zero overnight. Those who survive until now are not the smartest, but those who understand when to stop. Profits that don’t go into your pocket are just numbers. #币安人生
I only trade in real markets, I don't play games. Don’t want to fumble alone in the dark and get cut repeatedly? Follow Dawei, I will guide you to earn stable money with winning logic #CryptoWealth