Survival Skills in the Cryptocurrency World: Four Iron Rules for Veteran Investors
The essence of trading is taming the inner demons
The hardest part of trading is not predicting the market, but holding back the urge to click randomly with your mouse—my Corgi's eight pounds of excess weight is all thanks to my discipline of 'turning off the computer and walking the dog' when I don't understand.
Survival principles forged through five years of blood and tears
1. Rapid rise, slow fall = The dealer's breath
If the price behaves like a youth sprinting to new highs and an elder stumbling back down, this is the classic rhythm of the dealer swallowing up chips (a lesson bought with 370,000 in tuition).
2. Sharp drop, weak rebound = Escape alarm
If after a head-chopping fall the rebound is like asthma, run quickly! During the LUNA crash in 2021, I preserved 30% of my principal by stopping loss after the third weak rebound.
3. Volume at the top speaks volumes
High volume at the peak often indicates a second chance for a mercy bounce, while low-volume declines are hidden traps—when ETH fell from 4800 to 900, my 'waiting for a rebound' became performance art.
4. Consensus is truth
When even the cleaning lady at the exchange is talking about dog coins, run! The 2023 MEME coin frenzy proved: funds vote with their feet, not their emotions.
The ultimate irony of the market
The dealer always uses the same script, just changing the cover each time. 90% of coins are destined to go to zero, yet everyone believes they can catch that 10% miracle.
My trading principles today
I would rather miss out ten times than bet wrong once.
Before each trade, I ask myself: Am I the hunter or the bait?
