I have an old friend, 38 years old, from Nanchang. Seven years ago, he entered the cryptocurrency market with 500,000.
No one knows how he spends his days; his life is low-key. He bought 5 apartments and 3 storefronts: one for himself, one for his parents, and he rents out the other three apartments and three storefronts.
While others chase trends, news, and liquidations, he relied on a simple method to roll his principal into over 50 million.
In seven years, he didn't rely on insider information, luck, or all-in bets.
He only does one thing: follows the rules and maintains his mindset.
I secretly noted down his six survival rules, which are more practical than hundreds of indicators:
First rule: Sharp rises, slow falls = Major players accumulating
That day I accompanied him to watch BTC, the price surged, and he smiled: “Don’t be fooled by surface fluctuations; sharp rises and slow falls often mean big funds are quietly entering the market.”
Following his pace, calm and steady, the profits are secured.
Second rule: Sharp falls, weak rebounds = Major players unloading
During a flash crash of a meme coin, I shouted, “Buy the dip!”
He shook his head: “The major players are retreating, don’t risk it.”
Sure enough, the next day, the price never returned.
Third rule: High volume at the top ≠ peak
I thought we had reached the peak, but he said: “High volume at the peak is just a sprint; the real peak often has low volume.”
Learn to patiently wait, or you might get trapped.
Fourth rule: A single high volume at the bottom is not credible
Once there was a massive volume at the bottom, and I wanted to enter, but he coldly said: “One instance does not count as a bottom; it must be continuous volume.”
We waited until the continuous volume pattern formed before we acted.
Fifth rule: Trading cryptocurrencies is about understanding human emotions
I asked how to interpret indicators, and he smiled: “No matter how complex the chart, it’s just a reflection of human emotions. Volume directly reflects sentiment.”
Those who truly make money are the ones who understand human emotions.
Sixth rule: “Nothingness” is the highest state
He often says: “No desires, no fears, no attachments; that’s how you can live long. Enduring the empty period is how you welcome major trends.”
On the coldest days of the market, he remains calm, while I am restless.
In the end, he patted my shoulder: the biggest opponent in trading is yourself. The market's fluctuations don’t matter; what determines your fate are your emotions, discipline, and mindset.
