Post-90s Crypto Veteran: From 200,000 to Over 10 Million in 5 Years, Relying Solely on a 'Dumbest' Method
I am 30 years old this year, from Lijiang, Yunnan, currently living in Nanjing. I have two houses, one for my family and one for myself. In my fifth year of trading crypto, I turned an initial capital of 200,000 into over 10 million, without insider information or luck, relying solely on a 'dumb method'.
Now I will share my experience from these 1825 days with you for free.
Today, I will reveal these six iron rules of the crypto world from the bottom of my heart. If you understand one, you can avoid losing 100,000; if you can grasp three, you are already ahead of 90% of retail investors.
First Rule: Rapid Rise, Slow Drop Means the Big Players are Quietly Accumulating
Don't rush to exit. A rapid rise followed by a slow correction does not mean a peak, but rather a washout. What you should fear is a rapid drop after a significant increase, as that is a trap to lure in buyers.
Second Rule: Rapid Drop, Slow Rise Means the Big Players are Running Away
A price flash crash followed by a slow rebound is not a bargain opportunity, but the final wave of deception. Don't hold onto the illusion of 'it has dropped so much already, can it drop further?'
Third Rule: Volume at the Top Doesn't Always Mean Death; No Volume is Truly Dangerous
If the price rises to a high level with sustained volume, it may still surge higher; but if it reaches the peak with stagnation and no volume, then be cautious of a crash.
Fourth Rule: Don't Get Excited by Volume at the Bottom; Sustained Volume is Reliable
One-time volume is bait. What to watch for is continuous volume over several days, especially following a period of reduced fluctuation; that is the signal to build positions.
Fifth Rule: Trading Crypto is Trading Emotions; Price Movements are Written in 'Volume'
You think you should focus on the candlestick charts, but what you should really focus on is market sentiment. Trading volume is the mirror of consensus, while price only reflects it.
Sixth Rule: 'Nothing' is the Ultimate Realm of the Crypto World
No attachments, able to be in cash; no greed, not chasing highs; no fear, willing to take action. This is not a Zen mindset, but the strongest trading psychological quality.
Opportunities are never lacking in the market; what is lacking is your ability to manage your hands and see the situation clearly. What can truly help you to navigate is having someone to guide you in recognizing the rhythm and pointing the way.
It's not that you are not fast enough; it’s that you are stumbling alone in the dark. Brother Jie has always been there, the light is ahead, if you don’t catch up, you will forever be trapped in the cycle of night.