🥔 Potato Trading Review
The most common fantasy in the cryptocurrency world is 'getting rich overnight while also steadily making profits for three years.' But reality is much harsher. I went from 100,000 to 20 million, without shortcuts or insider information, but by enduring over a thousand trading days little by little.
To put it bluntly, is there any secret trick to trading coins? It’s all about the experiences gained from stumbling: being trapped time and again, reflecting each time, and transforming a gambler's mentality into a survival logic.
These six points are hard-earned lessons I bought with my own money 👇
1️⃣ Don’t rush to cut after a sudden spike
When the market suddenly spikes and then slowly retreats, it’s often just a washout action. A real top usually sees 'a rapid rise followed by a waterfall crash,' which is a dangerous signal.
2️⃣ Don’t rush to buy after a sharp drop
After a significant downturn followed by a slight rebound, it’s mostly a trap to lure buyers, making one easily think 'the drop has settled.' As a result, when the knife falls, the last bit of profit gets wiped out.
3️⃣ Watch volume at high points
If a massive volume is released at the top, it doesn’t necessarily mean the end; there might still be a round of sprinting. But if it suddenly shrinks like an empty city, it’s usually the night before a crash.
4️⃣ Watch volume at low points
A single volume spike is a false signal; real capital entering the market is after a period of consolidation with gradually increasing volume.
5️⃣ Volume is more honest than K-line
The K-line only gives you results; volume tells you the process. Volume shrinkage = market stagnation, volume explosion = capital influx.
6️⃣ The final lesson: Three No’s
No attachments (short when needed), no greed (don’t chase crazy surges), no panic (dare to buy when it drops). Achieving these three points means you have crawled out of retail investor thinking.
🔚 Finally, let me say something heartfelt:
The market has no 'forever correct' predictions. The market is never wrong; it’s our reactions that are wrong. Those who can truly make money are not the ones who predict the future, but those who can endure until the future arrives.
