Having been in the crypto space for a long time, I've seen too many dramas of 'building high-rise buildings, hosting guests, and then the building collapses.'
The most impressive experience is that of a friend.
He initially entered with 30,000 and rolled it to 710,000 in six months. His friends were envious and thought he was going to make a complete turnaround. But just when he had an unrealized profit of 600,000, he didn't want to cash out, thinking of getting a bit more. As a result, the market suddenly changed the next day, and his account went to zero overnight, returning to the starting point.
This event had a great impact on me: rolling over isn't about gambling, but about timing.
Newbies are most likely to fall into the trap of 'itchy hands.' The market hasn't risen yet, and they rush in to go all in, exhausting their bullets; when the real opportunity comes, their hands are empty, and they can only watch others feast.
So I often say, the core of rolling over isn't in 'rolling,' but in 'waiting.'
Wait for the wind, wait for the trend to become clear, then act.
Unfortunately, most people earn a little and immediately get carried away. Some people just reached a 20% profit and go all in, only to face a pullback, losing both profit and principal, regretting it too late.
A steady rhythm should be like this:
After the first trade makes a profit, first withdraw the principal, letting the profit roll on its own, immediately easing the mindset by half;
Each time it doubles, add at most 20% to the position, insisting on letting profits roll profits, never risking the principal again;
Once signs of a peak are seen, clearing positions should be quick; hesitating for a second could result in being countered.
In this market, those who truly survive long enough have the chance to win. Many people haven't failed to make money, but they can't hold on.
If you really want to go far on this path, I suggest you set three iron rules for yourself:
When unrealized profits reach 50%, move the stop-loss to the cost price; from that moment on, the possibility of losing money is virtually zero;
When the account doubles, forcibly withdraw 30% of the profits into a cold wallet, leaving a good safety cushion;
As long as you see increased volume with stagnation, moving averages breaking, or leading coins plummeting, regardless of whether you understand the reasons, run first and talk later.
Ultimately, the top-notch operations have never been about frequently placing orders, but about being able to endure loneliness, waiting for the moment you should act. True turnarounds often rely on those few critical operations.
Opportunities aren't available every day, but when a bull market comes, it's a godsend. Whether you can change your fate depends on whether you dare to enter the field and whether you can hold on.
On the road of cryptocurrency, the number of failures is countless, but those who remain are all the ones who can save themselves.
