Let me tell you something. The most painful loss I’ve ever had in crypto trading was also my most valuable lesson.
Back in 2017, I was playing like crazy.
At that time, I set my sights on ADA and started accumulating when it was at $0.03. Can you imagine? In just three months, it shot up to $1.2. My account balance was up nearly 40x. During that period, the first thing I did every morning was check how much my balance had grown. I was completely floating, even looked up where the nearest Porsche dealership was.
And then what?
I didn’t sell a single coin.
Later, ADA dropped all the way down to $0.2, and my profits evaporated to almost nothing. The Porsche turned into a used BYD. That feeling really hurt.
That was the day I finally figured it out: Buying takes luck, but selling is real skill.
A lot of people think I’m steady now and assume it’s because I’m technically strong. Nope, bro. It’s because I’ve lost enough to finally wise up.
Over the years, I’ve developed a ridiculously simple take-profit and stop-loss strategy. It’s dumb, but it was paid for with real money losses, and it’s especially suitable for regular people who don’t have time to watch the market all day. Listen up, this is actually useful.
Let’s talk about taking profits first.
I never try to time the top now. I only use “laddered profit-taking.” Price doubles? Sell 30% to get my principal back. Triples? Sell another 30% to lock in most of the profits. For the rest, I just set a “trailing stop”—for example, if it drops 15% from the peak, the rest gets sold automatically.
There’s no real technique to this method. Just one rule: Those who aren’t greedy run the fastest.
Now for stop-losses—the thing nobody likes to hear.
I set a hard rule for myself: Never let a single loss exceed 5%. If something’s off, I get out. The faster you run, the safer you are. The first thing I do after buying a coin is set a stop-loss, like putting a seatbelt on my account.
Do I regret it sometimes? Of course. Last month I stopped out of a trade, and the coin doubled afterward. My friend even teased me: “So timid?”
But three months later, that coin went to zero. In the end, I was the one laughing.
In crypto, it’s never about who gets rich fastest, but who survives the longest.
Honestly, over the years, I’ve seen so many people make six or seven figures, and then lose it all. Not because they can’t analyze, but because they refuse to sell, refuse to cut losses, refuse to admit mistakes.
In this business, the most valuable thing isn’t skill—it’s discipline. Only those who execute their rules like robots can actually take money out of the market.
I used to stumble around in the dark alone, but now I’ve got a light in my hand. The light’s always on—are you coming with me?
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BTCWaveRider
· 12-06 10:46
If you can't sell it, you're losing money. No matter how many times this is explained, some people still don't believe it.
View OriginalReply0
AirdropDreamer
· 12-06 10:45
Really, selling sounds easy in theory, but actually doing it is a killer. I got trapped the same way back then—the feeling of watching your profits evaporate right before your eyes...
View OriginalReply0
AirdropHarvester
· 12-06 10:44
It's true, knowing when to sell is what really matters. I used to be greedy too, but now I've gotten smarter. Taking profits and cutting losses has become as natural to me as eating.
View OriginalReply0
BlockchainArchaeologist
· 12-06 10:26
Not making a move even at 40x is truly impressive; your mental strength must be incredible. But honestly, taking profits and cutting losses is much easier said than done—it's really tough to actually do it. It took you suffering such huge losses to finally understand this; that's hard-earned, painful money.
View OriginalReply0
SatoshiSherpa
· 12-06 10:24
Didn't sell at 40x unrealized profit... This is the saddest story in the crypto world, and I've done this stupid thing too.
Let me tell you something. The most painful loss I’ve ever had in crypto trading was also my most valuable lesson.
Back in 2017, I was playing like crazy.
At that time, I set my sights on ADA and started accumulating when it was at $0.03. Can you imagine? In just three months, it shot up to $1.2. My account balance was up nearly 40x. During that period, the first thing I did every morning was check how much my balance had grown. I was completely floating, even looked up where the nearest Porsche dealership was.
And then what?
I didn’t sell a single coin.
Later, ADA dropped all the way down to $0.2, and my profits evaporated to almost nothing. The Porsche turned into a used BYD. That feeling really hurt.
That was the day I finally figured it out: Buying takes luck, but selling is real skill.
A lot of people think I’m steady now and assume it’s because I’m technically strong. Nope, bro. It’s because I’ve lost enough to finally wise up.
Over the years, I’ve developed a ridiculously simple take-profit and stop-loss strategy. It’s dumb, but it was paid for with real money losses, and it’s especially suitable for regular people who don’t have time to watch the market all day. Listen up, this is actually useful.
Let’s talk about taking profits first.
I never try to time the top now. I only use “laddered profit-taking.” Price doubles? Sell 30% to get my principal back. Triples? Sell another 30% to lock in most of the profits. For the rest, I just set a “trailing stop”—for example, if it drops 15% from the peak, the rest gets sold automatically.
There’s no real technique to this method. Just one rule: Those who aren’t greedy run the fastest.
Now for stop-losses—the thing nobody likes to hear.
I set a hard rule for myself: Never let a single loss exceed 5%. If something’s off, I get out. The faster you run, the safer you are. The first thing I do after buying a coin is set a stop-loss, like putting a seatbelt on my account.
Do I regret it sometimes? Of course. Last month I stopped out of a trade, and the coin doubled afterward. My friend even teased me: “So timid?”
But three months later, that coin went to zero. In the end, I was the one laughing.
In crypto, it’s never about who gets rich fastest, but who survives the longest.
Honestly, over the years, I’ve seen so many people make six or seven figures, and then lose it all. Not because they can’t analyze, but because they refuse to sell, refuse to cut losses, refuse to admit mistakes.
In this business, the most valuable thing isn’t skill—it’s discipline. Only those who execute their rules like robots can actually take money out of the market.
I used to stumble around in the dark alone, but now I’ve got a light in my hand. The light’s always on—are you coming with me?