I am a retail investor who enjoys mining on the chain. I have always believed that "on-chain data never lies," but I suffered a big loss on the token "I'm Coming." After accurately capturing a small coin with a market cap of $30,000, I made the fatal mistake of taking profits too early, watching $25,000 slip away from my hands. This lesson made me realize that I have made three fundamental mistakes in crypto investing.

First, I shackled myself with a fixed profit target. My idea was simple: take quick profits when the price rises slightly, so I exited when the market cap reached $40,000. Little did I know how terrifying the explosive power of small-cap tokens can be, often multiplying tenfold or even dozens of times in a short period. That’s the charm of the crypto market—non-linear, crazy surges, especially in Meme coins and potential altcoins. Taking profits too early? Basically, I voluntarily gave up ninety percent of the potential gains.

Second, I lacked a sense of market sentiment. On-chain order book scans can help me find opportunities, but I am a novice at judging whether the sentiment will continue. At that time, I only saw the price rise from $30,000 to $40,000, without noticing the growing community enthusiasm or foreseeing KOLs jumping in to hype the coin. In the crypto market, technical analysis and data are just basic skills; what truly determines short-term trends are popularity and sentiment.

The last and most fatal mistake is impatience. After earning $8, I started to feel uneasy, afraid of giving it back. This mindset completely destroyed my rational judgment. True trading experts are not driven by small gains in front of them but base their decisions on a comprehensive analysis of the coin’s fundamentals, market popularity, and capital flow, and they develop flexible take-profit strategies instead of sticking rigidly to a specific number.