When I first started trading, I was excited about diversifying my portfolio and envisioning substantial gains. A seasoned trader asked me about my profit-taking strategy, and I realized I had none. He emphasized the importance of a clear exit plan to avoid emotional decisions.

Key lessons that transformed my approach included setting a clear profit target to avoid hesitation, gradually securing profits by scaling out in increments, and always having a contingency plan for market volatility.

For example, when investing in Ethereum, I committed to selling a portion once it doubled, preventing panic selling. With Cardano, I took out 25-30% of my position when it reached 1.5x or 2x, protecting gains during market unpredictability. Establishing predefined actions for sudden price spikes or drops helped eliminate emotional reactions.

These lessons reshaped my trading mindset, highlighting that success is not just about buying but knowing when and how to exit strategically.

Happy Trading 😊

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