#大户持仓动态 From $5 to $500 then back down to $50—the painful lessons I learned from that DeFi boom in 2020🔥

In those crazy days, I was still very young when I bought $DYDX. With a cost of five dollars, I watched it rise to five hundred. The numbers in my account kept changing every day, and a hundredfold return was right in front of me.

Then everything reversed.

The wave receded, and the price plummeted to fifty dollars. The hundredfold unrealized gains in my hands were like sand in an hourglass, slipping away and impossible to hold. That feeling was even more painful than losing money outright—having money right in front of you, but because you hesitated for just a moment, in the end, nothing was left.

This costly lesson woke me up: it’s not easy to catch the bottom in the crypto world, but actually securing profits into your pocket—that’s real skill.

Later, I developed a "pyramid-style" trading approach:

When profits multiply tenfold, sell 20 to 30% of your position first, and safely withdraw your principal. From then on, your account becomes a "zero-cost position," and your mindset relaxes significantly. If the market continues to move, gradually reduce your position, turning the big profits into stable assets. As for the remaining small positions, set a trailing stop-loss line—if the price drops 20% from the peak, exit decisively. Don’t ride the roller coaster.

Regarding stop-losses, I only follow one principle: the principal must never be touched.

For each trade, I strictly control potential losses to a very small percentage of my total funds (generally within 5%). When entering a trade, a stop-loss order must be placed simultaneously. Missing the top might be disappointing for a while, but if you get caught in a trap or even get liquidated, you’re out—no second chances to join the next market move.

This market rewards patience, but ultimately, wealth ends up in the hands of those who know when to take profits. The real deadly risk isn’t during a decline, but hidden behind the highest gains. The smartest investment is ensuring you’re always still at the table.

There are plenty of opportunities in crypto, but avoiding pitfalls and surviving long enough—that’s the most scarce skill.