Survival Rules for Trading: Experienced traders vote with their feet, while novices give money with their hands. The core iron law: control your hands to survive.
Four tricks to see through the dealer's strategies:
1. Rapid rise and slow fall is a trap.
Is the price sluggishly retracing after a rocket launch? This is the dealer fishing. They raise the price while secretly building positions, waiting for the inexperienced to follow the trend before taking everything at once.
2. A sharp drop followed by a weak rebound means run.
A head-chopping decline paired with a feeble rebound is a death signal. Don’t wait for a recovery; those who run fast can preserve their lives.
3. Volume at the peak hides secrets.
Don’t panic when volume peaks; there’s an 80% chance of another spike offering you an escape opportunity.
But if there’s no volume at all, it means the dealer is too lazy to act; if you don’t run now, are you waiting to be a martyr?
4. Trading volume doesn’t lie.
Cryptocurrency prices are built on real money, not on sentiment. If everyone is rushing to buy, that's a true market trend; don’t get self-absorbed when it's quiet.
The ultimate truth:
The dealer has only a few scripts, changing only the surface but not the essence.
The novices always think they can find a new story, but every time it's the old tricks.
Remember:
If you can’t see clearly, wait and observe; missing out is better than making a mistake.
Think carefully before buying: who is really picking up the tab this time?
The market specializes in rectifying all kinds of discontent; living long is the true skill.
The darkest moment is just before dawn; don’t let yourself fall before the sun rises. If you find this useful, follow and bookmark it, so you can revisit it when you feel tempted to trade again.
