I remember the clearest, it was an old classmate from five years ago.
He held 20,000 U in his hand and told me he wouldn't go home until he made enough to buy a house.
As a result, he misread the market twice in a row, and his account went to zero. He had no choice but to ask me.
Three years later, his account had stabilized in the seven figures, and life was much easier than when he was younger.
As for me, I also walked through many pitfalls. When I first entered the industry, I faced several bankruptcies, encountered scam platforms, and almost lost everything due to leverage. At my lowest point, I only had a few thousand left. Later, I gritted my teeth and persevered, constantly summarizing and reviewing, slowly accumulating wealth through hard rules, and my account gradually grew.
These rules seem simple, but they were earned through countless losses.
1️⃣ Rapid rises and slow declines often indicate that the main force is building positions.
Sharp rises followed by slow declines are mostly false moves; true tops are usually accompanied by a large bearish candle after increased volume.
2️⃣ Rapid declines and slow rises often signal an exit.
A small rebound after a sudden crash is not a lifeline but the main force's last chance to offload.
3️⃣ High volume at the top does not necessarily indicate a peak, but no volume requires caution.
If there's still trading volume at a high level, the market may still have strength; the real danger is when the volume at a high level dries up, which often precedes a significant drop.
4️⃣ Volume at the bottom does not guarantee a reversal; sustainability is key.
A single day of high volume may just be bait; only continuous high volume indicates that real capital is entering the market.
These things are hard to learn from books; only by experiencing losses and bankruptcies can one truly understand.
The market always plays the same script: some chase price increases and get trapped, while others try to bottom out and get buried. It’s not about not trying hard enough, but about being misdirected, leading to increasingly skewed results.
Follow Uncle Nan's strategy, and accurately grasp the market!
Currently laying out strong coins for the evening!
Fans, you can ⬆️車！
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