When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.
I've seen this happening each cycle.
We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.
Yes, I really do appreciate this your last paragraph here, most traders don't actually know or they feel less concerned that when it comes to trading, risk management is very much important, because you have to survive first before you even think of making profit, so protecting your money through your risk management strategy is what will protect you and keep you in the market when it goes against you, because no matter how good you are as a trader, you can't be 100% in your decision making, so your ability to survive the rainy days is what makes you a professional trader.
And another thing most traders just have to understand is that, you can make a whole lot of money in one month and uses just 1hour to lose all of it plus your capital, so the ability to consolidate to your wins, is what makes you profitable.