After about 10 months on Binance, I have been learning while barely losing money. Thank you
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Alejandro7
ยท
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I have been negotiating cryptocurrencies for 8 years, and the craziest time was in 2017.
At that moment, 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 contemplating whether I should buy a Porsche โ but guess what? I didn't sell.
Later, ADA fell to $0.20, with 80% of the profit wiped out, 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 profit-taking 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 profit-taking.
My current strategy is "staggered 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 place a mobile profit-taking order for the remaining 40% โ when the price retraces by 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 must set a stop-loss when the floating loss reaches $500.
In terms of specific trades, I prefer to use "conditional orders" to set up orders in advance: after buying, I immediately place a stop-loss order of -10%, as well as buckle up the seatbelt of
At that moment, 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 contemplating whether I should buy a Porsche โ but guess what? I didn't sell.
Later, ADA fell to $0.20, with 80% of the profit wiped out, 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 profit-taking 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 profit-taking.
My current strategy is "staggered 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 place a mobile profit-taking order for the remaining 40% โ when the price retraces by 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 must set a stop-loss when the floating loss reaches $500.
In terms of specific trades, I prefer to use "conditional orders" to set up orders in advance: after buying, I immediately place a stop-loss order of -10%, as well as buckle up the seatbelt of
