Many people in the crypto world fall flat on their faces, and it's not really a matter of strategy but a complete reversal of mindset. When they see their account losing, they stubbornly hold on, hoping to turn things around; when they finally make some profit, they rush to cash out. They don't look at candlestick charts or volume signals at all, relying solely on the emotional highs and lows of their account balance. The end result is: huge losses when losing, tiny profits when winning.

It took me years to understand a logic: when you should stubbornly hold, hold firmly; when you should admit defeat, cut your losses immediately. How exactly do I do this?

My position management is so simple and brutal—if the position rises to a 15% profit, I take some off the table; but if it retraces to a 10% loss, I lock in gains first. If it continues upward, I keep following the trend and let the profits run. Conversely, after buying in, if the price drops and the loss exceeds 5%, I cut my losses and exit without hesitation.

Math is cruel but very realistic: suppose you trade 100 times, with a take profit of 10% each time and a stop loss of 5%, even with only a 50% win rate (winning 50 times, losing 50 times), your final account return can reach 300%. Sounds unbelievable? Actually, there's no secret—what's really difficult is how to control that greed and panic.