When should you stop in #数字资产市场动态 trading?

There’s no standard answer to this question, but one thing I’m very sure of — many people end up losing all their principal simply because they can’t figure this out.

A story from a friend left a deep impression on me. In 2019, he invested $20,000 and in less than three months, made $300,000. At that time, we all advised him to take profits and not be greedy. But he didn’t listen, constantly saying that financial freedom was just around the corner, and he wanted to rush to $1 million in one go.

The market is so ruthless. In less than half a year, his account was down to just over $10,000, almost losing all his principal.

I’ve been through a similar pit myself. During the 2021 bull market, my account once soared to $1.8 million. At that time, I was only thinking — wait a little longer, if I can double it, I can walk away safely. But the market doesn’t follow your script. By the time I regained my composure, my account was down to $400,000. Those days, I really couldn’t sleep, repeatedly regretting that if I had withdrawn earlier, I could have bought a house; if I had exited sooner, I could have locked in my gains. But it was all too late.

It was at that moment I truly understood a logic: in the crypto world, it’s not about how much you make, but how much you can take away.

Many people shout about wealth freedom, but they never understand the most basic survival rule — take profits when the time is right. Even the most skilled traders, if they don’t know when to hit pause, will end up empty-handed.

Later, I set a strict rule for myself: as long as my position triples, I must withdraw half of the profits.

What’s the benefit of doing this? It keeps your mindset more stable. You won’t be hostage to the fluctuations of your account balance, and it also ensures your funds stay alive in the market, rather than risking everything in a single all-in bet.

Someone asked me how much is enough to earn. Honestly, no one will complain about having too little money. But everyone’s desire is like a balloon — no matter how full it is, there’s a limit. The key is whether, before reaching that limit, you have the courage to convert your chips into cash and lock in that “reliable” profit.

The first lesson in trading isn’t really about how to make money, but how to preserve it.

Market peaks are always elusive, but those who get off halfway up the mountain are often the final winners. Opportunities are abundant in the market; the key is to have sharp eyes, see the direction clearly, and most importantly, stay calm. Only then can you go further and steadier.