Look, I've been in this game long enough to know that most traders are absolute rubbish at taking profits. I watch it happen every damn cycle - you buy something, it pumps 30%, and instead of clicking that sell button, your brain goes "but what if it goes to 100%?" Next thing you know, you're down 40% and cursing at your screen.
I'm going to cut through the crap and tell you how I actually handle this myself.
Day Trading: Lock In Those Small Wins
When I'm swinging trades during volatile markets, I've learned the hard way not to get greedy.
My Target: 10-30% gains then I'm OUT.
Real Example:
Last week I grabbed ADA at 0.8. When it hit 1.05, I sold half my stack. Did it keep climbing? Yeah, for a bit. Do I regret taking profits? Hell no!
Market momentum is like dating - when it starts feeling too good, that's precisely when it's about to ghost you.
Medium-Term Plays (Several Months)
This is where most of you screw up. You ride a coin to 3x then watch it crash back to your entry.
My Target: 2x to 5x, then start offloading.
Real Example:
Bought XRP at 0.8 last fall. When it hit 3.0, I dumped half immediately. The rest? I set stepped sell orders all the way up.
Stop trying to catch the absolute top! It's like trying to time exactly when your drunk friend will vomit - you know it's coming, but you'll never nail the exact moment.
Long-Hodl Strategy
Even with blue chips like BTC, you need an exit plan. This "diamond hands forever" nonsense will leave you holding bags through multiple 80% crashes.
My Approach: Sell in chunks as we approach cycle peaks.
Real Example:
Got BTC at 30K. I've already sold 20% at 100K. More sell orders ready at 120K, 150K. Will I miss some upside? Maybe. Will I sleep better? Absolutely.
The market doesn't give a shit about your moon dreams. It will happily drop 70% overnight while you're busy calculating what color Lambo to buy.
Why Most People Fail at This
You're emotionally attached to your coins. You've joined the Reddit communities, follow the devs on Twitter, and have convinced yourself this one is "different."
It's not. The market is a cold, unfeeling machine that regularly humbles even the smartest players.
I've watched too many friends hold through entire cycles, watching life-changing money appear and then disappear because they couldn't execute a simple sell order.
Don't be that guy crying into his ramen noodles during the bear market showing screenshots of what his portfolio was worth at the peak.
Remember: No one ever went broke taking profits. The market will be here tomorrow, next month, next year. Missing a pump is better than riding the dump.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The Real Truth About Selling Crypto - No BS Guide
Look, I've been in this game long enough to know that most traders are absolute rubbish at taking profits. I watch it happen every damn cycle - you buy something, it pumps 30%, and instead of clicking that sell button, your brain goes "but what if it goes to 100%?" Next thing you know, you're down 40% and cursing at your screen.
I'm going to cut through the crap and tell you how I actually handle this myself.
Day Trading: Lock In Those Small Wins
When I'm swinging trades during volatile markets, I've learned the hard way not to get greedy.
My Target: 10-30% gains then I'm OUT.
Real Example:
Last week I grabbed ADA at 0.8. When it hit 1.05, I sold half my stack. Did it keep climbing? Yeah, for a bit. Do I regret taking profits? Hell no!
Market momentum is like dating - when it starts feeling too good, that's precisely when it's about to ghost you.
Medium-Term Plays (Several Months)
This is where most of you screw up. You ride a coin to 3x then watch it crash back to your entry.
My Target: 2x to 5x, then start offloading.
Real Example:
Bought XRP at 0.8 last fall. When it hit 3.0, I dumped half immediately. The rest? I set stepped sell orders all the way up.
Stop trying to catch the absolute top! It's like trying to time exactly when your drunk friend will vomit - you know it's coming, but you'll never nail the exact moment.
Long-Hodl Strategy
Even with blue chips like BTC, you need an exit plan. This "diamond hands forever" nonsense will leave you holding bags through multiple 80% crashes.
My Approach: Sell in chunks as we approach cycle peaks.
Real Example:
Got BTC at 30K. I've already sold 20% at 100K. More sell orders ready at 120K, 150K. Will I miss some upside? Maybe. Will I sleep better? Absolutely.
The market doesn't give a shit about your moon dreams. It will happily drop 70% overnight while you're busy calculating what color Lambo to buy.
Why Most People Fail at This
You're emotionally attached to your coins. You've joined the Reddit communities, follow the devs on Twitter, and have convinced yourself this one is "different."
It's not. The market is a cold, unfeeling machine that regularly humbles even the smartest players.
I've watched too many friends hold through entire cycles, watching life-changing money appear and then disappear because they couldn't execute a simple sell order.
Don't be that guy crying into his ramen noodles during the bear market showing screenshots of what his portfolio was worth at the peak.
Remember: No one ever went broke taking profits. The market will be here tomorrow, next month, next year. Missing a pump is better than riding the dump.