Post-80s Veteran: 8 years of trading cryptocurrencies, from 300,000 to tens of millions, I only used one 'dumbest' method
I am 36 years old this year, from Fuzhou, with two houses, one for my family and one for myself.
Started with a capital of 300,000, and after 8 years of trading, I reached a net worth of tens of millions.
Not relying on insider information, nor on gambling, but on what seems to be a 'dumb' method.
Today, I will share my experience from these 2880 days with you for free:
【6 Major Laws of the Crypto Circle | Understanding them is worth more than learning 10 technical skills】
1. Rapid rise, slow fall = Operator accumulating
Don’t be afraid of declines; pay attention to the rhythm. A sharp rise followed by a slow drop indicates that funds are secretly accumulating.
2. Rapid fall, slow rise = Operator offloading
After a sharp drop, a weak rebound is likely the operator is running away. Don’t be greedy for 'cheap' prices; it’s easy to become the one who takes the fall.
3. High volume at the top ≠ peak; it may continue to rise; low volume at the top means they are really leaving
Volume is key; where the market goes is determined by the funds.
4. Don’t rush to enter at the bottom with high volume; one instance of high volume is not trustworthy, multiple instances of high volume indicate true consensus
Don’t be tempted by a single spike; look for sustainability.
5. Trading cryptocurrencies is essentially trading emotions; candlesticks are just projections of emotions
Volume is the mirror of consensus. Technical patterns are just the shell; the core is market psychology.
6. 'Nothing' is the ultimate state of trading
Without obsession, greed, or fear, one can truly seize market opportunities.
Being in cash is a skill; waiting is a belief.
The last sentence is for those who are destined to read this:
Your true enemy is never the operator, the data, nor the news, but your own greed and wavering.
Seeing through the emotional fluctuations of the market is what makes you a truly free trader.