Old Bo was born in 1987, has been in the crypto space for 11 years, and has been a full-time cryptocurrency trader supporting the family for 5 years!
Not choosing finance or computer science in college is a great regret in my life. I started exploring Bitcoin and blockchain online early on; the enchanting candlestick charts and disruptive ideas captivated me.
With infinite longing for the crypto world, I participated in trading early on, thus starting this journey full of challenges and opportunities.
Like most friends who have just entered the circle, I was initially fascinated by various technical indicators and on-chain data, constantly backtesting in an attempt to find the 'holy grail';
Eager to bottom-fish 'low-priced' altcoins, or those that have already dropped 90%, thinking their 'margin of safety' is higher.
The harsh reality tells me that most of these initial understandings of the market are wrong and dangerous.
Only later did I painfully realize: if you want to achieve quick and relatively controllable profits in the highly volatile, 24/7 open crypto market, focusing on short-term hot trends is almost the only feasible path (for small funds).
The core of short-term trading lies in identifying the mainstream narrative paths of the market and accurately grasping the emotional cycles.
Mainstream narratives nurture leading coins, and the crazy rise of leading coins, in turn, reinforces and spreads that narrative.
And those that contribute the most to your account and are the most efficient are often those leading coins during those stages.
In a raging bull market, they provide the strongest explosive power; during local rebounds, they often start first and are relatively 'anti-fall' (note: 'safety' in the crypto world is relative!).
In 2021, I also captured the most rapid main upward wave of my career on leading tracks such as SOL and MATIC.
Buying the same coin at different stages of market sentiment and narrative cycles can yield vastly different results!
The emotional cycle tells you: when to boldly strike, even using leverage (caution!);
When it is necessary to restrain yourself, and even short sell (if capable);
When to completely step back and observe. The mainstream narrative of the market tells you which direction funds are attacking (Is it AI, MEME, new public chains, or Layer 2?).
This is the correct top-down speculative mindset. Unfortunately, many friends completely got it wrong, going against the market sentiment, and the result is naturally being ruthlessly harvested.
Old Bo only does live trading; the team still has positions available, hurry up to join.