Post-85 cryptocurrency veteran: From 50,000 U to 56,490,000 U in 3 years, all thanks to a "ridiculously simple" method
I am 40 years old, from Jiangxi, now living in Hangzhou.
In 3 years of trading cryptocurrencies, my capital of 50,000 U turned into 56,490,000 U, without insider information or catching any "super bull markets", just repeatedly using a "simple method".
In 1095 days, I only did one thing - treat trading like leveling up in a game.
Today, I will share these 6 iron rules of the cryptocurrency world from the bottom of my heart:
If you understand one rule, you can save yourself from losing hundreds of thousands; if you follow three rules, you've already defeated 90% of retail investors.
First rule: Fast rise, slow fall means the big players are accumulating
A rapid rise followed by a slow decline is mostly a washout, don't panic and run. A true peak is when there is a significant surge followed by an immediate waterfall decline, that’s a trap for more buyers.
Second rule: Fast drop, slow rise means the big players are distributing
After a flash crash, the market may slowly rebound, but it’s not an opportunity to pick up the pieces; it’s the final cut. Don’t hold onto the illusion of “Can it really drop more after such a big fall?”.
Third rule: Volume at the top doesn’t necessarily mean the end, lack of volume is dangerous
If there’s still volume at high levels, it may push up one last time; a complete silence with no volume at high levels is the true eve of a crash.
Fourth rule: Don’t act impulsively on volume at the bottom, consistency is key
One instance of volume could just be bait. Continuous volume over several days, especially after a period of low volume consolidation, is the true signal for building a position.
Fifth rule: Trading cryptocurrencies is about trading emotions, emotions are hidden in the “volume”
Candlestick patterns are the result, while trading volume is the thermometer of emotions. If volume shrinks, nobody is playing; if volume explodes, funds are pouring in.
Sixth rule: “Nothing” is the ultimate state of being
No attachment, the courage to hold no position; no greed, not chasing highs; no fear, the courage to catch the bottom. It’s not about being Zen, it’s about having a top-tier trading mindset.
Opportunities in the cryptocurrency world are never lacking; what’s lacking is your ability to keep your hands steady and see the situation clearly.
The market is never short of opportunities; what’s lacking is your ability to control your hands and see the situation clearly, and what can truly help you get through is having someone to guide you in understanding the rhythm and pointing the way.
You’re not moving fast enough; rather, you’re just stumbling around in the dark. Brother Knife has always been there, the light is right ahead, if you don’t keep up, you’ll forever be stuck in the night.
