I started getting involved in cryptocurrency at the age of 22, #
No background, no resources.
With just a laptop and a mobile phone.
In 2024, I turned my account into 8 figures.
But I want to tell you: Technology is not the key; mindset is the decisive factor.
People in e-commerce and industry may envy us crypto traders for having no inventory and no disputes.
But only those who have gone through it know that this market is a psychological game.
With 6 years of experience, I have summarized 6 survival rules in the crypto world.
I hope you take fewer detours and achieve 'freedom' soon.
[6 Major Laws of the Crypto World | Understanding it is worth more than learning ten types of techniques]:
1️⃣ A fast rise and slow drop = accumulation.
A sharp rise and a slow decline indicate that big funds are secretly accumulating. Don't fear the drop; watch the rhythm.
2️⃣ A fast drop and a slow rise = offloading.
A weak rebound after a sharp drop indicates that the big players are fleeing. Don't be greedy; be careful not to become a bag holder.
3️⃣ Volume at the top = possible continuation; no volume at the top = hurry to flee.
Volume determines direction; only with volume is there a show; without volume, it's the end of a strong bow.
4️⃣ Don't act impulsively when there's volume at the bottom; sustained volume is safe.
A single volume spike may be bait; multiple spikes indicate the formation of consensus.
5️⃣ Trading coins is trading emotions; consensus determines direction.
Forget the complex structures of candlestick charts, return to market psychology; volume is the mirror of consensus.
6️⃣ 'Nothing' equals everything.
Only with no attachment, no greed, and no fear can there be a true winning rate.
Only those who can wait for opportunities with an empty position deserve to have big market movements.
The last point: The only enemy of crypto trading is yourself.
The data from the beautiful country, the necessary announcements, and the main force's rise,
These messages are just the surface; the real variable is the fluctuation in your heart.
Trading coins is not about who rushes the fastest.
It's about who can remain calm amidst the red and green.
If you are also struggling in this market,
I have also experienced chasing highs, cutting losses, reviewing, and reflecting...
Feel free to comment: 'I am cultivating my mindset.'
This is the true beginning of trading.