I also went through that and since that day I learned to understand how important even the slightest profit in crypto was. I swap the slightest profit because the big heart...
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Mindset Trading BTC EHT
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I have been trading cryptocurrencies for 8 years, and the craziest time was in 2017.
At that time, I bet on a cryptocurrency called ADA, starting my investment at $0.03, and after 3 months it rose to $1.20, with my account's floating profit approaching 40 times.
During that time, the first thing I did every morning was check how many more zeros my account had, and I even started to contemplate whether I should buy a Porsche — but guess what? I didn't sell.
Later, ADA fell to $0.20, with 80% of the profit eliminated, and the Porsche turned into a second-hand BYD.
This experience made me fully understand: in the crypto world, those who can buy are the learners, and those who can sell are the masters.
The following set of take-profit and stop-loss methods is something I gained through experience with real money, particularly suitable for ordinary people who do not want to monitor the market.
First, let's talk about take-profit.
My current strategy is "tiered profit."
For example, when a coin rises from $1 to $2, I sell 30% of my capital first, then, regardless of subsequent ups or downs, I have recovered my costs.
When it rises to $3, I sell another 30%, and set a trailing take-profit for the remaining 40% — when the price retracts 15% from its peak, it will automatically liquidate.
This method allows you to fully capture the main upward trend without wasting effort.
Now, let's talk about stop-loss.
My iron rule is: a single loss should not exceed 5% of the capital.
For example, if I invest $10,000, I should make a stop-loss when the floating loss reaches $500.
In terms of specific operations, I prefer to use "conditional orders" to set up orders in advance: after buying, I immediately place a stop-loss order of -10%, just like buckling the seatbelt to trade.
Don't worry about missing opportunities; there are always opportunities in the crypto world, but once the capital is gone, really $ADA
At that time, I bet on a cryptocurrency called ADA, starting my investment at $0.03, and after 3 months it rose to $1.20, with my account's floating profit approaching 40 times.
During that time, the first thing I did every morning was check how many more zeros my account had, and I even started to contemplate whether I should buy a Porsche — but guess what? I didn't sell.
Later, ADA fell to $0.20, with 80% of the profit eliminated, and the Porsche turned into a second-hand BYD.
This experience made me fully understand: in the crypto world, those who can buy are the learners, and those who can sell are the masters.
The following set of take-profit and stop-loss methods is something I gained through experience with real money, particularly suitable for ordinary people who do not want to monitor the market.
First, let's talk about take-profit.
My current strategy is "tiered profit."
For example, when a coin rises from $1 to $2, I sell 30% of my capital first, then, regardless of subsequent ups or downs, I have recovered my costs.
When it rises to $3, I sell another 30%, and set a trailing take-profit for the remaining 40% — when the price retracts 15% from its peak, it will automatically liquidate.
This method allows you to fully capture the main upward trend without wasting effort.
Now, let's talk about stop-loss.
My iron rule is: a single loss should not exceed 5% of the capital.
For example, if I invest $10,000, I should make a stop-loss when the floating loss reaches $500.
In terms of specific operations, I prefer to use "conditional orders" to set up orders in advance: after buying, I immediately place a stop-loss order of -10%, just like buckling the seatbelt to trade.
Don't worry about missing opportunities; there are always opportunities in the crypto world, but once the capital is gone, really $ADA
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.