Recently, I reviewed the projects I’ve been involved in and noticed a painful pattern:
The unrealized gains at their peaks were all pretty good—several went up multiple times.
But the profits I actually locked in were nowhere near as much.
The problem wasn’t choosing the projects. It was not planning how to sell in advance.
So I’ve set a few rules for myself:
1. Write out an exit plan as soon as I enter. At 2x, sell enough to get my initial investment back.
2. Sell in batches; don’t gamble on the absolute top. Missing out on further upside is the cost of following this rule.
3. Watch liquidity. If market depth and volume drop, scale back first. A price you can’t sell at doesn’t count.
4. In my reviews, look at just two numbers: peak unrealized gains and actual realized profits. See how far apart they are.
One project in, one profit locked in.
#交易心得 #止盈 #Cryptocurrency
The unrealized gains at their peaks were all pretty good—several went up multiple times.
But the profits I actually locked in were nowhere near as much.
The problem wasn’t choosing the projects. It was not planning how to sell in advance.
So I’ve set a few rules for myself:
1. Write out an exit plan as soon as I enter. At 2x, sell enough to get my initial investment back.
2. Sell in batches; don’t gamble on the absolute top. Missing out on further upside is the cost of following this rule.
3. Watch liquidity. If market depth and volume drop, scale back first. A price you can’t sell at doesn’t count.
4. In my reviews, look at just two numbers: peak unrealized gains and actual realized profits. See how far apart they are.
One project in, one profit locked in.
#交易心得 #止盈 #Cryptocurrency