How much U do you have to earn to come back to my side?
After three years of trading cryptocurrencies, I turned 10,000 U into 670,000 U without insider information or hitting a particularly crazy bull market, solely relying on a set of 'simple methods,' little by little.
In 1,095 days, I focused on one thing — treating trading like leveling up in a game, not in a hurry, honing my skills.
Today, I will share with you 6 solid insights; understanding one can save you tens of thousands; achieving three can make you steadier than most retail investors.
First insight: Rapid rises and slow declines indicate that the big players are slowly accumulating.
Sharp rises followed by slow declines are mostly market washing; don’t rush to cut losses. The real top comes when there’s a sudden surge in volume, then a 'bang' waterfall drop occurs, catching people off guard.
Second insight: Rapid declines and slow rises indicate that the big players are quietly unloading.
After a flash crash, if it slowly rebounds, don’t think it’s an opportunity to scoop up; it could very well be the last blow.
Don’t think, 'It has already dropped so much; how much lower can it go?' That thought is the easiest way to stumble.
Third insight: A top with high volume doesn't necessarily mean it's over; be cautious when there's no volume.
If there's volume at a high level, it might still surge; if it’s quiet with no volume at a high level, that’s a signal of an impending crash.
Fourth insight: Don’t be reckless with volume at the bottom; sustained volume is more reliable.
A single surge in volume might just be baiting people. There should be a period of fluctuation, followed by consecutive days of increasing volume; that’s the real opportunity to build positions.
Fifth insight: Trading cryptocurrencies is about trading people's sentiments; sentiments are hidden in the volume.
K-lines are the results; trading volume reflects the mood. When the volume drops, it means no one is playing; when volume suddenly increases, it indicates real funds are flowing in.
Sixth insight: 'Nothing' is the real skill.
Have no obsessions; if it’s time to be in cash, be in cash; if it’s time to buy the dip, then act; be calm and unhurried. This isn’t about lying flat but about honing your trading mindset.
There are always opportunities in the crypto world, but what’s lacking are people who can control their actions and see the situation clearly. You’re not slow; you’re just stumbling around in the dark.
My light is always on; just move your feet forward and keep up; there’s no need to keep circling in the night.