Eight years of blood and tears in the crypto circle: buying is just the entry, selling is the key to survival.

After eight years of struggling in the crypto circle, the deepest traps I stepped into all came down to greed.
In my early years, I heavily invested in an altcoin with a very low cost, starting from a few cents. When it surged to over one dollar, my account had tens of times floating profit. At that time, I was floating on air, even thinking about how to gradually exchange for a house and plan my life.
But the problem was here: I always felt it could go higher. So when it kept rising, I was reluctant to sell, and when it pulled back, I comforted myself that it was just a washout, holding on repeatedly and waiting. In the end, the market completely reversed, profits gradually evaporated, and not only did I fail to achieve the imagined wealth, but I also lost most of my principal.
At that moment, I truly understood one thing: in the crypto circle, it's not "buying makes money," but "selling keeps you alive."
Later, I made a very simple restructuring of all my trading logic, leaving only two things: how to take profit and how to stop loss.
For taking profit, I only do it in batches.
For example, if the cost is 1 dollar, when it rises to 2 dollars, I sell a portion first to recover the principal, and the remaining is already a "zero-cost position." If it continues to rise to 3 dollars, I reduce further to lower the risk. In the end, I only keep a base position to follow the trend, using a trailing stop profit that follows the price. Once there is a 15%-20% drawdown from the peak, I exit without hesitation.
The core of this approach is not about "selling too early or not," but to ensure that no matter what happens later, profits are already locked in, and my mindset won't be swayed by the market.
Stop loss is even simpler, but more important.
Before entering any trade, I first decide the maximum loss I can afford, generally controlling it within 5% of total funds. At the same time, I set the stop loss level in advance, usually around 8%-10% below the cost. Once triggered, I do not add positions, do not fantasize, do not remedy, I just exit immediately.
Because the most expensive thing in the market is never making a mistake once, but not admitting it after making a mistake.
Looking back over these eight years, a very harsh truth is: most people are not incapable of making money, but they make money and cannot keep it. The faster you make it, the harder you lose it. The essence is the same problem—no exit mechanism.
Those who can truly survive long-term in the crypto circle never rely on predicting the market, but on repeatedly executing a stable set of rules. They don't rely on feelings, news, or fantasies.
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