The last 100,000 from the loan has grown to 7 million. You might not believe it, but during these 2555 days, every step was fraught with pitfalls and traps, and I've seen through the tricks of the crypto world. Today, I'll lay out six ironclad rules earned through blood and tears, free for you—understanding just one could save you 50,000 in tuition.
The six ironclad rules of the judge, remember them well:
1. Don’t panic sell when prices rise quickly and fall slowly. Is the price surging up rapidly and then slowly dropping back down? Don't rush to cut your losses. This is mostly market manipulators shaking out weak hands like you. The real danger is the sudden, sharp drop after a big spike—that's the bait to catch the impatient!
2. Don’t act hastily when prices drop quickly and rebound slowly. Is there a waterfall-like drop followed by a slow, snail-like climb? Quickly abandon the thought of bottom-fishing! This is clearly a sign that the market manipulators are offloading! Still hoping for a rebound after such a drop? Wake up; that last wave of fake rebound will trap the overconfident like you.
3. Don’t be afraid when there’s volume at high prices, but run fast when there’s dead volume! Is the price hitting new highs while volume continues to increase? There might be more to gain. But if you reach a high point and the trading volume is as lifeless as a muddy swamp? Get out quickly! Without new capital entering, a crash can happen in the blink of an eye.
4. Don’t get excited by unusual movements at the bottom; continuous volume is the real signal! Did it suddenly spike to a massive volume after a lot of drops? Don’t celebrate too soon; a one-time spike could just be a deceptive maneuver. Keep a close watch on continuous volume, especially after a long period of low volume and sideways movement—this indicates that market manipulators are truly accumulating!
5. Trading cryptocurrencies is about understanding human psychology; don’t confuse volume with price! Do you think you’re looking at candlestick charts? Wrong, the essence is watching how a group of people goes crazy! Trading volume is a mirror of that craziness; price is just a dog led by emotions!
6. The concept of 'nothingness' is the highest level. Only with no obsession can you stay in cash for that fatal strike; without greed, you won’t chase the deadly highs; without fear, you’ll dare to catch the falling knife. This isn’t just a zen mindset; it’s the pinnacle of trading philosophy—you have to be tough enough to deserve it.
Opportunities in the market? They have never been lacking. What’s missing is a clear mind to see through it and hands that can hold steady.
