How to keep profits from currency investment?
After purchasing a cryptocurrency, if the profit exceeds 10%, we should start implementing a principal protection strategy. Specifically, if the currency price falls back to the buying price, you should immediately and unconditionally take profit out of the market.
When the profit reaches about 20%, the minimum profit target should be set to 10%. Even if the currency price falls, it should not be sold before the profit falls below 10%. This maximizes profits. Similarly, if the profit reaches 30%, the profit stop point should be set at the profit level of 15% to ensure that profits can grow continuously without clear technical judgment.
The core of this strategy is to not rely on technical analysis to determine the market high point, but to protect the profits already obtained by dynamically adjusting the profit stop point, so that investment income continues to grow.
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