Before opening a position each time, ask yourself: how much profit do I need to make before confidently taking profits?


Never comfort yourself with the illusion that "it will keep rising."
The floating gains in the market are just numbers on paper; only when you cash out and put the money in your pocket is it real profit.
Greed makes you reluctant to exit, and dragging on often results in nothing, leaving no dividends behind.
Small gains turn into break-even, and breaking even leads to being trapped; after losses, some still stubbornly hold on, waiting for the market to rebound.
This kind of luck-based mindset, not understanding take-profit and stop-loss, will eventually lead to big losses in the crypto world.
The market is always changing rapidly, turning on a dime faster than flipping a book.
Even if your analysis is precise and your logic meticulous, once the market reverses, it will never give a warning in advance.
The previous second you were happily taking floating profits, the next second it can turn into floating losses.
By the time you regret and slap your thigh, it’s often too late to turn things around.
I personally have fallen into the trap of holding onto positions in the past, watching profits that I could have taken slip away because of greed.
I watched helplessly as profits kept being given back, missing the best exit points perfectly.
After experiencing this many times, I finally realized: in crypto trading, it’s never about how high your floating profit looks on paper, but how much you can securely take home.
So now, every time I open a position, I plan my take-profit and stop-loss points in advance.
Once the target is reached, I take profits decisively; if the market breaks through support, I exit firmly.
Never be greedy or hopeful to fight on, always stick to your plan.
The biggest risk in crypto is never a single loss of principal, but greed causing you to give back the hard-earned profits to the market.
Always remember the trading rule: if you make money, cash out and walk away; if you lose, cut your losses in time.
Control your desires, manage your greed, and keep a steady hand in trading, so you can stand firm in the crypto world and go further.
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