Everyone who trades cryptocurrencies has struggled with this question: "When should I sell?" Some tell you to hold on and never let go, while others teach you to operate on a high frequency every day. Today, let's strip away the veil — whether you sell or not depends on whether you are a wolf or a sheep!
Three main selling methods of professional traders, if you can't learn them, just wait to be cut
1. Short-term: It's all about playing with danger
This is essentially gambling! If you make a profit, just run; who falls in love with coins?
Focus on coins that skyrocket: meme coins, trending coins, coins that rise with just a tweet from Musk; I chase this madness
Load the gun before entering the market: take profits at 10% immediately, cut losses at 5% right away
Example: Last year, SOL surged from 140 to 185, I was in and out within 15 minutes, made 25% profit in three days
Foolish behavior: turning short-term into long-term, and ultimately end up on the rooftop
2. Medium-term: Eat fish until full
This is the secret to getting rich! When a bull market comes, even pigs can fly
Only pick solid second-tier coins: SOL, BNB, ADA — these can withstand a bear market
Watch for a four-year cycle: a bull market lasts two years at most, when the bear market comes, altcoins can drop so hard even their mothers won’t recognize them
Example: Bought ADA at $0.3 and sold at $1.2, four times profit enough to party with beauties for three months
Foolish behavior: acting like a love guru during a bear market and stubbornly holding onto altcoins
3. Long-term: Leave a legacy for your descendants
Poor people turn their lives around with this, but only suitable for two coins
BTC + ETH is the pension plan for crypto! Those who hold these two for ten years live longer than those who trade
The four-year halving law is the withdrawal password: BTC at $3,000 in 2017 can reach $69,000 in 2021. Do poor people need a reason to turn into rich?
Example: I know a miner who hoarded 20 BTC in 2014, now he’s flaunting it on Miami Beach every day
Foolish behavior: holding onto any junk coin
Lastly, a heart-wrenching statement:
Wolf-like strategy: short-term for skyrocketing coins, medium-term for trend coins, and long-term for BTC/ETH
The fate of the pig: no plan, arbitrary trading, making a profit but not leaving, losing money and stubbornly holding on, ultimately working for the exchange
Report your trading style in the comments! Are you a mad dog who changes positions every three days, or an old turtle who sits still for ten years? I’m waiting for your story with a drink!
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