I am the captain of the cryptocurrency world. I'm from Hunan and now settled in Dongguan. I've been trading for seven years, growing my initial capital of 50,000 earned from working to 7 million. I'm telling it like it is.
2555 days, I've stepped into all the pitfalls and seen all the tricks. Today, I'm sharing for free six hard-learned rules that cost me blood and tears. If you understand even one, the 100,000 tuition fee won't be in vain; if you grasp three, I dare say you'll definitely crush 90% of the market's retail investors.
Captain's six hard rules, remember:
1. Don't panic sell when prices rise quickly and fall slowly.
Is the price shooting up rapidly and then slowly coming down? Don't rush to cut losses. This is often a trap set by manipulators, meant to shake out weak hands like you. What’s truly dangerous is the sudden drop after a rapid rise—that’s a trap to lure you in.
2. Don’t be impulsive when prices drop quickly and rebound slowly.
Is there a waterfall-like drop, followed by a snail-paced recovery? Put away your thoughts of bottom fishing! This is clearly the manipulators cashing out! Thinking “it has dropped so much, it must rebound”? Wake up! The last wave of fake rebounds is specifically designed to catch people like you.
3. Don't be afraid of high volume at high prices; if the volume dries up, run fast!
Is the price surging with increasing volume? It might still have room to grow. But if it reaches a high level and the volume is dead like a swamp? Get out quickly! If there’s no new money entering, a crash can happen in an instant.
4. Don't get excited by unusual movements at the bottom; sustained volume is the signal!
Did it suddenly spike in volume after a long drop? Don’t celebrate too early! A one-time spike could be just a fake move to fool you! Keep your eyes glued on sustained volume, especially after a long period of low volume and sideways movement—this is when the manipulators are really accumulating.
5. Trading cryptocurrencies is about understanding human psychology; don’t confuse volume with price!
Do you think you’re looking at candlesticks? Wrong! Essentially, you’re observing how a group of people goes crazy! Trading volume is a mirror reflecting this madness. Price? That’s just a dog being led by emotions.
6. The word ‘nothing’ is the highest level.
Without obsession, you can hold cash for that fatal strike; without greed, you won’t chase those damned highs; without fear, you’ll dare to catch when the knife falls! This isn’t called being Zen; this is the ultimate trading mindset—you must be tough enough to deserve it.
Market conditions? Opportunities are always plentiful!
If you want stable compounding, I can help you make money in this market. But again, you must have execution ability; as the saying goes, a prodigal son won’t turn back, not even a god can save him.