Having spent eight years in the crypto world, my most profound memory is the frenzy of altcoins in 2017. That year, I set my sights on ADA, gradually building a position starting from three cents. No one could have predicted that in just three months, it would soar to a historic high of $1.20. My account funds nearly multiplied forty times.
The first thing I do every day upon waking is to check the market. Watching the asset numbers in my account steadily grow, dreams of paying off my house and investing in financial products start to unfold in my mind. But I made all the mistakes that retail investors often make—greed. I was always reluctant to press the sell button.
The result was brutal. ADA began to plummet vertically, falling back to two cents. Unrealized gains like a burst balloon, evaporating about 80% in an instant. Those dreams of buying a house and accumulating wealth all turned into numbers bouncing on the screen.
This time, I finally understood a truth: in the crypto world, everyone can buy, but the real masters make money by timing their sells and executing with discipline.
Later, I developed my own methodology, using the "Ladder Take-Profit Method" combined with strict stop-loss discipline.
Let's talk about take-profit first. Suppose a coin rises from $1 to $2. I would sell one-third of my position—this way, I basically recover my principal. My mindset relaxes immediately, and I no longer care about the ups and downs of the remaining position. When it continues to rise to $3, I sell another third. The remaining 40% then sets a trailing stop—if it drops 15% from its peak, I automatically close all positions. This way, I can enjoy the middle wave of the rally without giving back all the profits.
Regarding stop-loss, I have a strict rule: the loss on a single trade must never exceed 5% of the total principal. Before each purchase, I always set a conditional order with a -10% stop-loss as an insurance policy for trading. Some fear missing out on opportunities due to stop-losses, but there's no need to worry. The crypto market is full of opportunities; the market is active every day. But once the principal is lost, you lose the chance to recover entirely.
Over eight years, I’ve seen too many so-called "get-rich-quick" stories. But what I see even more are those who end up losing everything in the rollercoaster of the market. The ones who truly manage to walk away with their profits intact are often those who strictly adhere to discipline and are not swayed by market fluctuations.
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DeepRabbitHole
· 12-19 01:15
To be honest, I was also involved in that wave of ADA, but I wasn't as lucky as him and still ended up losing. The key is that his later summary of the take-profit and stop-loss logic is indeed ruthless, which is the true mindset of a profitable trader.
I'm now also using ladder take-profit, and I feel my mentality has become much more stable, no longer dreaming of getting rich overnight every day.
Speaking of which, a 5% stop-loss line is really a life-saving measure. Many people get wiped out because they can't bear to take the loss.
This guy's eight years of experience are truly not exaggerated; he's seen through too many human weaknesses.
I just don't know if he's still trading cryptocurrencies now. It seems that people with this kind of self-discipline can make money no matter what they trade.
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SolidityJester
· 12-17 19:07
Honestly, this is the truth of the crypto world—greed is truly the root of all evil.
A 40x return looks exciting, but without execution, everything is pointless.
That 5% stop-loss red line is also something I use; the key is to be ruthless enough to stick to it.
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BlockchainTherapist
· 12-16 08:52
Honestly, I was also involved in the 2017 wave, but I wasn't as lucky as others... I bought all trash coins.
I need to remember that methodology for taking profits and cutting losses; it sounds reliable, but it requires ironclad discipline.
However, knowing it intellectually is one thing, but when the coins hit the daily limit, it's still easy to get cold feet. This mindset barrier is really tough.
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GhostAddressMiner
· 12-16 08:52
Sounds like standard retail investor remorse literature... but I am looking at a different set of data. After the 2017 ADA mania, I tracked the on-chain footprints of early addresses — those wallets that started accumulating at around $0.03 and had almost completely emptied out by $1.2. The fund flows can still be traced back to the block height. The ones who truly make money are never those using "ladder take profits," but rather those who master the information gap.
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CrossChainBreather
· 12-16 08:49
That's right, the greediness really needs to be controlled. I also suffered a setback during the ADA surge, going from a few cents all the way up to a high point, but I couldn't resist and ended up losing it all back. Now I only believe in taking profits and cutting losses; I set conditional orders and no longer watch the charts.
Having spent eight years in the crypto world, my most profound memory is the frenzy of altcoins in 2017. That year, I set my sights on ADA, gradually building a position starting from three cents. No one could have predicted that in just three months, it would soar to a historic high of $1.20. My account funds nearly multiplied forty times.
The first thing I do every day upon waking is to check the market. Watching the asset numbers in my account steadily grow, dreams of paying off my house and investing in financial products start to unfold in my mind. But I made all the mistakes that retail investors often make—greed. I was always reluctant to press the sell button.
The result was brutal. ADA began to plummet vertically, falling back to two cents. Unrealized gains like a burst balloon, evaporating about 80% in an instant. Those dreams of buying a house and accumulating wealth all turned into numbers bouncing on the screen.
This time, I finally understood a truth: in the crypto world, everyone can buy, but the real masters make money by timing their sells and executing with discipline.
Later, I developed my own methodology, using the "Ladder Take-Profit Method" combined with strict stop-loss discipline.
Let's talk about take-profit first. Suppose a coin rises from $1 to $2. I would sell one-third of my position—this way, I basically recover my principal. My mindset relaxes immediately, and I no longer care about the ups and downs of the remaining position. When it continues to rise to $3, I sell another third. The remaining 40% then sets a trailing stop—if it drops 15% from its peak, I automatically close all positions. This way, I can enjoy the middle wave of the rally without giving back all the profits.
Regarding stop-loss, I have a strict rule: the loss on a single trade must never exceed 5% of the total principal. Before each purchase, I always set a conditional order with a -10% stop-loss as an insurance policy for trading. Some fear missing out on opportunities due to stop-losses, but there's no need to worry. The crypto market is full of opportunities; the market is active every day. But once the principal is lost, you lose the chance to recover entirely.
Over eight years, I’ve seen too many so-called "get-rich-quick" stories. But what I see even more are those who end up losing everything in the rollercoaster of the market. The ones who truly manage to walk away with their profits intact are often those who strictly adhere to discipline and are not swayed by market fluctuations.