Post-85 cryptocurrency veteran: From 60,000 to 85.64 million U in 5 years, relying solely on a ridiculously simple method
I am 38 years old, from Yunnan, currently living in Shenzhen.
I have been trading cryptocurrencies for 5 years, turning a capital of 60,000 U into 85.64 million U without insider information or catching any 'great bull market', just repeatedly using a 'foolish method'. I only focus on one thing - treating trading like leveling up in a game.
Today, I will share these 6 ironclad rules of the cryptocurrency world from the bottom of my heart:
If you understand one, you can save yourself from losing 100,000; if you apply three, you will have beaten 90% of retail investors.
First rule: Rapid rise and 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. The real top is when there is a sudden surge in volume followed immediately by a waterfall drop; that is the real trap for bulls.
Second rule: Rapid drop and slow rise means big players are unloading; after a flash crash, it rebounds slowly, it's not a bargain, but the final blow. Don't hold on to the illusion of 'can it drop even further after such a decline?'
Third rule: Volume at the top doesn't necessarily mean it's over; lack of volume is dangerous
If there is volume at a high level, it may push up for a while; if there is silence and no volume at a high level, that is the true eve of a crash.
Fourth rule: Don’t be impulsive with volume at the bottom; sustainability is reliable
A single spike in volume could be bait. Continuous volume over several days, especially after a period of shrinking volume, is the real signal for building positions.
Fifth rule: Trading cryptocurrencies is about trading emotions, and emotions are hidden in 'volume'
Candlestick charts are the results; trading volume is the thermometer of emotions. When volume shrinks, no one is interested; when volume explodes, capital flows in.
Sixth rule: 'Nothingness' is the ultimate state
Without attachment, dare to hold cash; without greed, do not chase highs; without fear, dare to bottom fish. It’s not a Zen mindset; it’s a top-level trading mentality.
Opportunities in the cryptocurrency world are never lacking; what is lacking is whether you can control your hands and see the situation clearly.
Market conditions are never lacking in opportunities; what is lacking is your ability to control your hands and see the situation clearly, and what can truly help you is someone who can guide you to see the rhythm and point the way.
It’s not that you are not fast enough; it’s that you are stumbling around in the dark alone. Brother Dao has always been here, the light is right ahead, if you don't keep up, you will forever be trapped in the night cycle.
