In the crypto assets market, I once mentored a fan named K, whose experience can be seen as a microcosm of investment in the crypto world. In March last year, K got on board with 30,000 USDT, and within just six months, the value of his account soared to 730,000. As a mentor, I repeatedly emphasized the importance of risk management, advising to set a stop loss when profits exceed 50% and to transfer 30% of profits to a Cold Wallet when they double. However, while K verbally agreed, his eyes revealed a desire for even higher returns.
On October 2nd, when the account’s floating profit reached 600,000, I once again advised him to stop, but Xiao K insisted on pushing the account value to 800,000. Unexpectedly, the market took a sharp downturn the next day, and a 4-hour long bearish candle wiped out all of its 710,000 profit, even resulting in a loss of principal. This painful lesson made Xiao K deeply realize that 'rolling positions' in the crypto world is like dancing on the edge of a blade; if one does not know when to stop, they will eventually lose everything.
After learning the lesson, I helped Xiao K establish three iron rules: when the floating profit reaches 50%, move the stop loss point up to the cost position to ensure profit; when the account doubles, forcibly withdraw 30% of the profit to the Cold Wallet; when the market shows warning signals such as volume surge with stagnation, breaking of moving averages, or a significant drop in leading coins, decisively take profit and exit.
In March of this year, when the market was bottoming out, Xiao K strictly followed these principles: initially investing only 10% of the funds, withdrawing the principal once a profit of 20% was achieved; every time the account doubled, only increasing the position by 20%. On June 20th, when the account exceeded 500,000, he voluntarily withdrew 150,000 to the Cold Wallet, demonstrating a mature awareness of Risk Management.
The cryptocurrency market is not short of wealth-building myths, but the investors who can truly profit in the long run are often those who know how to take profits at the right time and strictly adhere to discipline. The key to success lies in maintaining sufficient funds, rational judgment, and strict discipline at critical moments. Market opportunities are fleeting, but investors need to learn to patiently wait for the best timing. In this high-risk, high-reward field, only by ingraining discipline into their bones can they remain invincible in the long-term game.
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DegenApeSurfer
· 37m ago
Play people for suckers and then start acting like a mentor!
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MevTears
· 09-04 05:50
Wow, I really need to learn how to win.
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DuskSurfer
· 09-04 05:50
Familiar trap, earn first then lose.
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BlockchainTherapist
· 09-04 05:47
Haven't you had enough of the bloody lessons?
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FOMOmonster
· 09-04 05:47
If there's a chance to get rich, you have to go for it!!
In the crypto assets market, I once mentored a fan named K, whose experience can be seen as a microcosm of investment in the crypto world. In March last year, K got on board with 30,000 USDT, and within just six months, the value of his account soared to 730,000. As a mentor, I repeatedly emphasized the importance of risk management, advising to set a stop loss when profits exceed 50% and to transfer 30% of profits to a Cold Wallet when they double. However, while K verbally agreed, his eyes revealed a desire for even higher returns.
On October 2nd, when the account’s floating profit reached 600,000, I once again advised him to stop, but Xiao K insisted on pushing the account value to 800,000. Unexpectedly, the market took a sharp downturn the next day, and a 4-hour long bearish candle wiped out all of its 710,000 profit, even resulting in a loss of principal. This painful lesson made Xiao K deeply realize that 'rolling positions' in the crypto world is like dancing on the edge of a blade; if one does not know when to stop, they will eventually lose everything.
After learning the lesson, I helped Xiao K establish three iron rules: when the floating profit reaches 50%, move the stop loss point up to the cost position to ensure profit; when the account doubles, forcibly withdraw 30% of the profit to the Cold Wallet; when the market shows warning signals such as volume surge with stagnation, breaking of moving averages, or a significant drop in leading coins, decisively take profit and exit.
In March of this year, when the market was bottoming out, Xiao K strictly followed these principles: initially investing only 10% of the funds, withdrawing the principal once a profit of 20% was achieved; every time the account doubled, only increasing the position by 20%. On June 20th, when the account exceeded 500,000, he voluntarily withdrew 150,000 to the Cold Wallet, demonstrating a mature awareness of Risk Management.
The cryptocurrency market is not short of wealth-building myths, but the investors who can truly profit in the long run are often those who know how to take profits at the right time and strictly adhere to discipline. The key to success lies in maintaining sufficient funds, rational judgment, and strict discipline at critical moments. Market opportunities are fleeting, but investors need to learn to patiently wait for the best timing. In this high-risk, high-reward field, only by ingraining discipline into their bones can they remain invincible in the long-term game.