Survival Strategies in the Crypto World: Self-Cultivation of an Experienced Investor
The art of trading cryptocurrencies ultimately cultivates one's mindset. The most disobedient thing on the keyboard has never been the market; it's my fingers that always want to click the mouse.
My trading philosophy is very simple: only take the most certain profits; if I can't understand it, I turn off the computer and walk the dog—my Corgi has gained ten pounds in the last two years.
Four hard truths summarized from five years of losses:
Rapid rises and slow declines are the breathing rhythm of the market makers.
When the K-line soars like a youth and then staggers back like an old man, this isn't a sign of market weakness; it's the market makers secretly swallowing chips. I paid 1 million in tuition to have this rule ingrained in my DNA.
Sharp declines with weak rebounds are the last escape pods.
A head-chopping drop paired with asthmatic rebounds is like the last free bus before the casino closes. During the LUNA crash in 2021, I cut my losses during the third weak rebound and preserved the last 30% of my capital.
Volume at the top speaks volumes.
A huge volume at the peak often indicates a second rally, which is the mercy stop-loss point given by the market makers. But if there's a shrinking volume decline, it’s like a hidden reef that no one warns about during a tide retreat. I once turned "waiting for a rebound" into performance art while ETH fell from 4900 to 900.
Consensus is the only truth.
Trading volume is the result of money voting with its feet, not an emotional placebo. I remember the MEME coin craze in 2023; when even the vegetable-selling aunties on exchanges started discussing Shiba Inu, I knew it was time to step back temporarily.
The most ironic aspect of this market is that although we know 90% of coins will ultimately go to zero, we always feel we can catch that 10% miracle. Market makers repeatedly use the same script, but every time with a different cover.
Now my trading discipline has only two rules: I'd rather miss ten opportunities than make one wrong trade; always think clearly about whether I am a hunter or bait in this market wave.
