DOGE's recent market movement indeed brought quite a few surprises. I have already taken partial profits on a quarter of my position at the 3003 level, and the remaining position has a break-even stop-loss set, so even if there is a subsequent pullback, I won't incur losses. Now, it's just a matter of whether Dogecoin can continue to break through.
Honestly, if the stop-loss is triggered later, I guess I would only earn a few hundred dollars as a mental reward. But this trading rhythm is still more conservative for me — locking in some gains while leaving room for upside potential. Dogecoin's recent performance has indeed exceeded expectations, but greed is often the biggest risk in trading. Taking profits in stages and setting stop-losses are the safest strategies for large trend trades.
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SneakyFlashloan
· 23h ago
The strategy of taking profits in batches is indeed reliable, but I always feel that selling at the 3003 level was a bit hasty. Dogecoin still seems to have room this time.
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OldLeekMaster
· 12-20 03:56
Alright, this idea of take profit and stop loss is indeed clear, but it's a bit too conservative haha.
Dogecoin's recent surge was truly remarkable, but a few hundred dollars in profit... might as well wait and see.
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gas_fee_therapist
· 12-20 03:35
This stop-loss mentality is spot on, just a bit conservative haha
I think selling one-quarter in four batches at 3003 points isn't aggressive enough; this wave of DOGE can go even higher
A few hundred dollars as a mental reward, your mindset is also top-notch...
Greed is risky, but I feel like there's still room to play this wave. Haven't we already pushed this high?
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SchrodingerWallet
· 12-20 03:32
The strategy of taking profits in batches is something I also use, just worried that greed might lead to being caught off guard.
Dogecoin's recent surge was indeed fierce, but a few hundred dollars in mental rewards is honestly a bit heartbreaking.
The key to winning is sticking to the stop-loss line; otherwise, you'll understand during a big pullback.
By the way, how did you determine the 3003 level? Was it purely intuition or based on indicators?
I'm actually just worried that triggering the stop-loss might turn out to be a false breakout, and then rushing to recover the losses.
The safest way is to preserve capital with a stop-loss, but watching potential gains slip away can be a bit uncomfortable.
DOGE's recent market movement indeed brought quite a few surprises. I have already taken partial profits on a quarter of my position at the 3003 level, and the remaining position has a break-even stop-loss set, so even if there is a subsequent pullback, I won't incur losses. Now, it's just a matter of whether Dogecoin can continue to break through.
Honestly, if the stop-loss is triggered later, I guess I would only earn a few hundred dollars as a mental reward. But this trading rhythm is still more conservative for me — locking in some gains while leaving room for upside potential. Dogecoin's recent performance has indeed exceeded expectations, but greed is often the biggest risk in trading. Taking profits in stages and setting stop-losses are the safest strategies for large trend trades.