Four Simple Principles for Profitable Trading in the Crypto World

1. Protect Your Profits, Avoid Giving Them Back
Be cautious with a 10% increase, and consider taking profits if it falls back to the cost price;
Aim to earn at least 20%, and leave at least 10% profit before selling; for 30% gains, leave at least 15%;
Avoid chasing the peak, accumulate small profits, and ensure steady gains without losses.
2. Cut Losses Decisively, Avoid Getting Stuck
Set a stop-loss before entering (recommended 15%, adjustable as needed);
Exit decisively when reaching the stop-loss point, avoid holding on or adding to losing positions;
Stop-loss is to pay for mistakes, better than deepening losses.
3. Re-enter Reasonably After Selling
After selling, if the coin pulls back, buy back the same amount if confident (same number of coins, more capital);
If it hasn't pulled back but rises back to the selling price, re-enter decisively to avoid missing out.
4. Follow Principles, Avoid Wild Predictions
Short-term trading relies on discipline, not guessing the market;
Quick in and out ≠ frequent trading; holding cash and observing is also a strategy;
Don't insist on buying or selling at the absolute lowest point, execute within a reasonable range, and profit steadily in the long run.