In the cryptocurrency world, why do some people who clearly have made tens of millions or hundreds of thousands end up with nothing and even in debt?
Human greed and self-interest often lead people to lose their rationality and become overly inflated, so it's crucial to learn to take profits and secure gains. I've found that many people fail to make money from investments because they don't know how to take profits. After finally having some unrealized gains in their accounts, they end up losing it all because they didn't cash out. So I sincerely advise everyone to learn to take profits and secure gains.
There are many methods for taking profits, commonly including:
1. Target Return Profit-Taking Method: When the target return reaches 15%, 30%, or 50%, take profits in increments of 30%, 40%, and 30% respectively.
2. Valuation Profit-Taking Method:
When the PE percentile of the index reaches 70%, 80%, or 90%, take profits in increments of 30%, 40%, and 30% respectively.
3. Sentiment Profit-Taking Method: When public sentiment is extremely optimistic, take profits all at once at 50%.
So it's important to learn asset allocation to respond to different market trends, and to learn to position yourself during lows to capture potential opportunities. Recently, the rising star in the crypto world, the SOL chain's hero dog Conan, has a strong IP and good narrative that is worth paying attention to! 币安王牌meme群
