In 4 years, turning 250,000 into 8 million through clever strategies
At 35 years old, a person from Changsha now living in Shandong with his wife, bought a house for his parents in Changsha County, giving them 10,000 yuan for living expenses each month. After 4 years of trading cryptocurrencies, turning a 250,000 yuan principal into 7 million, without insider information or gambling luck, relying solely on a set of simple methods.
After 4 years, six iron rules were developed; understanding one can save you 100,000 yuan, and following three can outperform 99% of retail investors:
Iron Rule 1: Don’t Panic During Quick Rises and Slow Drops
A rapid increase followed by a slow decline is the market makers consolidating and accumulating stock, don’t rush to exit. However, a steep drop after a significant rise is a trap to lure buyers into a slaughter, you must run quickly!
Iron Rule 2: Don’t Touch During Quick Drops and Slow Rises
A sudden price crash followed by a weak rebound is the market makers luring buyers to sell; never catch the falling knife, this is a trap.
Iron Rule 3: Look at Volume at the Top
Sustained high volume at a peak may indicate another surge; if trading volume goes silent, a crash is imminent, get out quickly.
Iron Rule 4: Look at Continuity at the Bottom
A single volume spike is bait; continuous high volume over several days followed by low volume fluctuations before a breakout is the true signal for building positions.
Iron Rule 5: Volume is Core
Don’t fixate on K-lines; trading volume is the mirror of sentiment: rising volume during an uptrend indicates consensus, while rising volume during a downtrend signifies panic selling, understanding volume gives clarity to price movements.
Iron Rule 6: The Three No Mindset
No Obsession: If you should be in cash, be in cash; waiting is more important than forcing a trade;
No Greed: Don’t chase highs, maintain your rhythm;
No Fear: When it’s time to act, be bold; opportunities lie where others are afraid.
This is a counterintuitive survival method, achieving this is how one truly eats well.
The market is not short of opportunities, but lacks discipline and vision. The pits I’ve fallen into are your guiding lights; keep up the rhythm, and next time, you’ll be the one reaping the benefits.
It’s tough to go solo; nailing the signals is key to catching the bottom and getting in, don’t miss this big market opportunity!
