To be honest, no matter how beautiful the candlestick charts look, they are useless. What truly matters is the profit that can be withdrawn into the account.
Three years ago, I met a friend who invested 8,000 yuan. The market cycle at that time gave him an opportunity, and in four months, his account grew to 120,000 yuan. We all advised him to take profits when things looked good, but he was already feeling confident—"This is just the beginning, my goal is 500,000."
And then? The market turned before he could react. The 120,000 figure shrank dramatically to just over 30,000, and eventually, it was wiped out to just a few thousand. After that, he never touched trading software again.
Stories like this are too common in the digital asset circle. I am no exception. There was a time when my account reached 700,000. The thrill of seeing the account numbers jump wildly really creates the illusion that "a million is just in front of me." When greed takes over, rationality flies out the window. As a result, after a wave of correction, my account dropped from 700,000 back down to 250,000.
Those days were really tough. During the day, I pretended everything was fine, but at night, lying in bed, I kept seeing the flashing downward candlesticks. That experience completely changed my perspective: in this market, many people understand how to enter, but only those who understand how to exit are the real winners.
The biggest enemy is actually your own greed. Watching the price rise by 50%, still wanting to wait for more, dreaming of doubling the profit, but when the market turns around, the profits are gone, and it turns into a loss. Many people tend to be overly cautious when facing new opportunities, caught between gains and losses. When the market signals a top or a correction, it’s even more important to know when to take profits. This is not pessimism, but a clear market wisdom. Putting the earned money into your pocket is the true responsibility to yourself.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
8
Repost
Share
Comment
0/400
zkNoob
· 9h ago
Really, when the 700,000 dropped to 250,000, I was terrified just thinking about it. Greed really is the devil.
View OriginalReply0
SchrodingerPrivateKey
· 10h ago
When the 700,000 dropped to 250,000, I understood what "paper wealth" really means... Truly, the phrase "take profits when the time is right" sounds simple, but it's incredibly hard to actually do.
View OriginalReply0
BearMarketNoodler
· 14h ago
I truly empathize with the wave from 700,000 to 250,000. Really, greed is just a trap.
View OriginalReply0
TokenEconomist
· 14h ago
actually, this is just behavioral economics dressed up in crypto clothing. the exit problem here? it's a classic case of prospect theory gone wrong—people overweight potential gains and get anchored to unrealized numbers on screen, ceteris paribus the actual utility of locked-in profits.
Reply0
GasWrangler
· 14h ago
ngl, this is just emotionally-driven narrative masquerading as market wisdom. technically speaking, if you actually analyze the data, most retail traders fail not because of greed but because they lack a systematic exit framework. the "pocket the profits" moral is demonstrably sub-optimal without proper position sizing and risk parameters.
Reply0
OnchainGossiper
· 14h ago
Really, the phrase "take profits when the time is right" sounds easy to say but extremely difficult to do. My friend is the same way—his account multiplied tenfold, yet he didn't move a single penny, and in the end, he gave everything back to the market.
Taking profits is truly harder than stopping losses because one involves cutting losses, and the other involves dreams. People... are just greedy.
View OriginalReply0
ser_we_are_ngmi
· 14h ago
When I saw the investment drop from 700,000 to 250,000, I truly felt it—this is no joke. Saying "take profit" is easy, but actually doing it is deadly.
View OriginalReply0
Liquidated_Larry
· 14h ago
Really, taking profits is harder than cutting losses. That one moment of greed can wipe everything out.
To be honest, no matter how beautiful the candlestick charts look, they are useless. What truly matters is the profit that can be withdrawn into the account.
Three years ago, I met a friend who invested 8,000 yuan. The market cycle at that time gave him an opportunity, and in four months, his account grew to 120,000 yuan. We all advised him to take profits when things looked good, but he was already feeling confident—"This is just the beginning, my goal is 500,000."
And then? The market turned before he could react. The 120,000 figure shrank dramatically to just over 30,000, and eventually, it was wiped out to just a few thousand. After that, he never touched trading software again.
Stories like this are too common in the digital asset circle. I am no exception. There was a time when my account reached 700,000. The thrill of seeing the account numbers jump wildly really creates the illusion that "a million is just in front of me." When greed takes over, rationality flies out the window. As a result, after a wave of correction, my account dropped from 700,000 back down to 250,000.
Those days were really tough. During the day, I pretended everything was fine, but at night, lying in bed, I kept seeing the flashing downward candlesticks. That experience completely changed my perspective: in this market, many people understand how to enter, but only those who understand how to exit are the real winners.
The biggest enemy is actually your own greed. Watching the price rise by 50%, still wanting to wait for more, dreaming of doubling the profit, but when the market turns around, the profits are gone, and it turns into a loss. Many people tend to be overly cautious when facing new opportunities, caught between gains and losses. When the market signals a top or a correction, it’s even more important to know when to take profits. This is not pessimism, but a clear market wisdom. Putting the earned money into your pocket is the true responsibility to yourself.