#加密生态动态追踪 Remember the 2017 market cycle, my friend Lao Zhou was really in a frenzy.

At that time, Cardano had just been listed for a short while, with $ADA hovering around $0.028. He kept staring at the technical indicators, deciding to buy in batches. Who would have thought this coin would hit the bull market’s wave exactly, surging to $1.1 in just three months. Lao Zhou’s account saw unrealized profits multiply nearly 40 times. When he told me, his eyes were shining — behind the numbers on his phone screen were all zeros, and he even collected floor plans of school district houses.

Greed is the most tormenting thing.

I advised him to sell some of his holdings in batches to lock in gains, but he kept pondering the unfilled orders, saying “the trend isn’t broken yet.” Then, the turn came suddenly — ADA suddenly entered a downtrend, dropping back to $0.2 in less than a month. The unrealized gains evaporated by over 80%, and the dream of buying a house just vanished into thin air.

This taught me a profound lesson. The real survival rule in the crypto world isn’t just about knowing when to buy, but also about knowing when to sell. Now, with $ADA at $0.41, even if the market fluctuates wildly, I can stay calm — all thanks to the experience gained from this loss.

Later, I developed a three-tier take-profit strategy. For example, for coins bought at $1, when they reach $2, sell 30% to recover the cost; then at $3, sell another 30%; finally, the remaining 40% is set with a 15% trailing stop to let profits run.

On the stop-loss side, it’s even more straightforward — the maximum loss per trade is 5% of the total account balance, and immediately set a -10% stop-loss order after opening the position.

Over the years, I’ve seen too many wealth myths and liquidation tragedies. The crypto space isn’t short of market opportunities; what’s missing is the principal to survive until the next round.