Nobody sells the top. A ladder sells a fixed share at each target so a round trip to zero still leaves you in profit.
Recover the stake first
Selling 50% at 2x returns your original stake. Everything after that is house money.
Space the rungs
Common ladders: 2x / 3x / 5x / 10x with 40% / 20% / 15% / 10%, leaving a 15% moonbag. Wider spacing suits fresh launches; tighter suits larger caps.
Plan it before you buy
The ladder planner shows realized profit at each rung and what the moonbag is worth.
Educational only. #DYOR #NFA