Having spent eight years in this industry, the deepest lesson isn't how much I made, but the helplessness of watching profits slip through my fingers time and again.
During the 2017 wave, I went all-in on ADA. From $0.03 to $1.2, my account skyrocketed nearly 40 times in three months. During that period, I was crazy—every day as soon as I opened my eyes, I checked my balance, even marking the location of the Porsche dealership. And then? I watched it drop to $0.2, with profits almost completely wiped out. The moment I fell from the clouds, I truly understood—being able to buy is just luck; being able to sell is the real skill to survive.
After that, I started to reflect seriously. Losing a lot naturally made me wiser. Every step I take now is paved with lessons learned.
**Key Tip: Ladder Take-Profit, Don’t Bet on the Top**
Not being greedy keeps you steady. I no longer wait for the highest point but execute phased take-profits: when the coin price doubles, sell 30% to recover the principal and ease the nerves; when it triples, sell another 30% to lock in medium-term profits; the remaining part is set with a trailing stop—if it retraces 15% from the peak, I automatically exit.
In practice, combining trend reversal take-profit methods makes it more responsive. When the price hits an important resistance level, I focus on observing whether there's a sign of market reversal. Once confirmed, I immediately take profit. This way, I avoid greedily chasing the last bit of gains and also prevent getting trapped.
**Iron Rule Two: 5% Stop-Loss, Like Wearing a Seatbelt**
Stop-loss is more important than take-profit. Setting a 5% stop-loss isn’t because this number is sacred, but because it allows you to keep playing. If the loss exceeds 5%, cut your losses decisively—no room for regret. I never break this rule—just like always wearing a seatbelt when getting in the car.
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BearMarketBuilder
· 01-09 10:52
That's right, selling is really a hundred times harder than buying.
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HodlAndChill
· 01-09 10:50
2017 was really a textbook-level disaster, going all-in on ADA from 0.03 to 1.2 and then dropping back to 0.2. I just want to ask—why didn't you have a heart attack back then?
But to be fair, this step-by-step take-profit strategy is definitely more reliable than my previous top-gambling approach. I'm also using a 5% stop-loss line, and I feel this is the right way to keep playing and survive.
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FromMinerToFarmer
· 01-09 10:49
Going all-in on ADA was really ruthless, I was one of the suckers who got caught back then... Now I understand that taking profits in stages is the way to go. If I had this mindset back then, I wouldn't have been trapped for so long.
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MetaReckt
· 01-09 10:48
Well said. I was also involved in that wave in 2017, almost went bankrupt after going all-in on SHIB haha.
But to be fair, taking profit and cutting losses is indeed important, though it's really hard to execute. When the coin hits the daily limit, I just can't stop watching.
I need to remember this 5% stop-loss; it's much more reliable than any technical analysis.
Having spent eight years in this industry, the deepest lesson isn't how much I made, but the helplessness of watching profits slip through my fingers time and again.
During the 2017 wave, I went all-in on ADA. From $0.03 to $1.2, my account skyrocketed nearly 40 times in three months. During that period, I was crazy—every day as soon as I opened my eyes, I checked my balance, even marking the location of the Porsche dealership. And then? I watched it drop to $0.2, with profits almost completely wiped out. The moment I fell from the clouds, I truly understood—being able to buy is just luck; being able to sell is the real skill to survive.
After that, I started to reflect seriously. Losing a lot naturally made me wiser. Every step I take now is paved with lessons learned.
**Key Tip: Ladder Take-Profit, Don’t Bet on the Top**
Not being greedy keeps you steady. I no longer wait for the highest point but execute phased take-profits: when the coin price doubles, sell 30% to recover the principal and ease the nerves; when it triples, sell another 30% to lock in medium-term profits; the remaining part is set with a trailing stop—if it retraces 15% from the peak, I automatically exit.
In practice, combining trend reversal take-profit methods makes it more responsive. When the price hits an important resistance level, I focus on observing whether there's a sign of market reversal. Once confirmed, I immediately take profit. This way, I avoid greedily chasing the last bit of gains and also prevent getting trapped.
**Iron Rule Two: 5% Stop-Loss, Like Wearing a Seatbelt**
Stop-loss is more important than take-profit. Setting a 5% stop-loss isn’t because this number is sacred, but because it allows you to keep playing. If the loss exceeds 5%, cut your losses decisively—no room for regret. I never break this rule—just like always wearing a seatbelt when getting in the car.