Post-80s Cryptocurrency Veteran: From 120,000 to 5,600,000 in 3 Years, All Thanks to a 'Dumbest' Method
My name is Xiaodao, born in 1985, from Chengdu, Sichuan, currently in Hangzhou.
I've been trading cryptocurrencies for 8 years, turning an initial capital of 120,000 into 15,600,000.
I don't rely on insider information, nor do I gamble on fate; what I depend on is a trading method that many people consider 'dumb,' but I have persevered to master it.
Today, I will share the experiences of these 1,095 days from the bottom of my heart.
These 6 iron rules: if you understand one, you can lose 100,000 less; if you can truly follow three, you will be better than 90% of retail investors.
Rule One: Rapid Rises and Slow Falls Indicate the Big Players are Accumulating
Don't rush to exit.
A quick surge followed by a slow decline is not a peak; it's meant to wash out early exiters.
The real danger is an explosive rise followed by an immediate drop; that is a trap to lure you in for harvesting.
Rule Two: Rapid Falls and Slow Rises Indicate the Big Players are Exiting
A sharp collapse followed by a weak rebound is not a bargain; it’s the last stab at you.
Don't think, 'It has fallen so much already, will it fall further?' — Yes, and it will drop to the point where you question your life.
Rule Three: Volume at the Top Doesn't Necessarily Mean Death; Lack of Volume is Truly Dangerous
If there is still volume at a high position, it means the funds haven't fully exited;
What is most feared is low volume and quiet trading at a high position; that is the silence before a crash.
Rule Four: Don't Be Impulsive with Volume at the Bottom; Continuity is Key
One day of increased volume doesn't mean it’s taking off; it could be the big players fishing.
What you should really focus on is continuous increased volume after a period of low volume and consolidation; that indicates someone is genuinely building a position.
Rule Five: Volume is the X-ray of Emotion; Candlesticks are Just the Surface
Don't just focus on candlesticks; they can deceive you without a doubt.
Trading volume is the true indicator of emotion; all fund inflows and outflows are recorded there, and cannot be hidden.
Rule Six: Being in Cash is the Most Difficult Practice in the Cryptocurrency World
Being in cash is not laziness; it is a high level of self-discipline.
If you avoid greed, gambling, and fear of being in cash, you can survive longer.
Opportunities in the cryptocurrency market arise every day,
The key is whether you can control your hands and see the rhythm clearly.
Many people don’t lose due to methods, but due to themselves.
It’s not that you can’t do it; it’s just that no one is guiding you to avoid the pitfalls.
Xiaodao has always been here, the light is ahead.
Follow my steps, and you won’t be stuck in the cycle of darkness forever.
