Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
In the last bull market, I knew five people whose accounts all hit seven figures.
And the result? They all went to zero in 2022.
It wasn't because they picked the wrong assets—it was because they had no idea when to get out. They were all waiting for the "perfect top," thinking they could time the exit precisely—the problem is, who can know in advance where the highest point is? In the end, they gave back all their profits and even lost their principal.
Back then, I entered the market with 150,000 and eventually left with 380,000, netting a profit of 230,000. It wasn’t luck—it was thanks to a pre-set "phased exit" rule.
**First Cut: When It Doubles, Sell 30%**
In March 2021, the ETH I held went from $1,800 to $3,600. As soon as it doubled, I immediately sold 30%. I recouped 54,000 of my principal, and the remaining 126,000 became a "zero-cost position." This step is crucial—my principal was safe, so my mindset for the ups and downs afterward was completely different.
**Second Cut: Sell 40% When Mania Hits**
Around May, friends who normally didn’t care about crypto started asking me how to open accounts. In the community, every dip was met with people frantically shouting "buy the dip," and on-chain data showed that whales were quietly exiting. I sold another 40% around $3,800, locking in 150,000 in profit.
Later, ETH did surge to $4,878, but I have no regrets. At least I had already pocketed the big profits.
**Third Cut: Confirm the Bear Market, Sell the Last 30%**
In January 2022, ETH got cut in half from its peak and kept dropping for three months. No one in the group was talking about the market anymore—they were all playing dead. I sold the last 30% at $2,800.
In total: entered with 150,000, exited with 380,000, net profit of 230,000.
The strategy is actually dumb—just "sell in batches."
What's hard? Resisting greed.
There are always people who think, "Maybe it'll go up if I wait a bit longer," only to see their profits evaporate. Set your plan in advance, execute when the time comes, and don’t fight your own human nature.
Making money in a bull market isn’t hard—the hard part is actually taking the money home.