After years in the crypto market, Iâve noticed many retail traders make similar mistakes: they hold onto losing positions, hoping for a recovery, while quickly selling off their winning trades as soon as they see a bit of profit. They often focus on short-term balance changes rather than watching overall market trends or volume. The result? Accumulated losses and modest gains that don't move the needle.
Shift Your Strategy: Hold onto Gains, Cut Your Losses
The right move is the oppositeâlet your winners ride and cut losers fast. Hereâs a method I use:
When profits hit 15%, set a 10% trailing stop. If your gains fall back to 10%, secure your profit and exit.
If prices keep rising, stay inâbigger gains await.
If your losses reach 5%, sell immediately, without hesitation or emotion.
Why It Works
By consistently locking in 10% profits and capping losses at 5%, you only need to win half your trades to be profitable. Over time, even with a 50% success rate, this method can result in a total profit of 300% across 100 trades.
The Hardest Part: Mindset
The real challenge isnât the strategy itself, itâs managing emotionsâletting go of losses and staying patient with winners. Master your mindset, and youâll thrive in crypto.
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