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The most frequently asked question—Is there a way to trade without ever losing?
Honestly, no. But as long as you master two core skills, you can stand firm in the crypto market and become more and more stable. What are these two skills? Take profit and stop loss.
**Regarding take profit, there is a simple principle: only the money in your pocket is truly yours.**
Many people always plan to sell at the highest point, but what often happens is they get knocked out at the bottom. My approach is to take profits in stages—reduce some positions when you gain 10%, cut again at 20%, and when it reaches 30% or 40%, you basically clear all positions. It may seem like each time you don’t make much, but the key is stability, as natural as breathing.
The crypto market loves to punish greed. You can never get the last bite of the entire trend, but you can definitely take the profits within your understanding. Missed an opportunity? No problem, the next one is coming. But once your principal is gone, it’s really gone for good.
**Regarding stop loss, it’s not about giving up; it’s about survival.**
Many traders see their accounts plunging and stubbornly hold on, thinking they will eventually break even. The result is small losses turn into medium losses, and medium losses turn into large losses. My rule is simple—
Once your initial trading logic no longer holds (for example, a key support level is broken, or the trend you believed in suddenly reverses), you must cut immediately, no matter how painful. This is using smaller losses to plug a bigger hole.
But it depends on the situation. If it’s just short-term noise and your underlying logic still holds (for example, you are long-term optimistic about a certain sector’s development prospects), then you can hold cautiously, even do some T+ adjustments rhythmically. But this is not mindless averaging; it’s planned position management.
The essence of stop loss is to protect your principal, not to fight the market.
In the later stages of trading, it’s not about who makes more on a single trade, but who survives longer and whose account can grow steadily year after year. Every small profit accumulated, every decisive cut when needed, adds thickness to your long-term survival. This is the true secret to thriving in the crypto market.