At the age of 28, my marriage fell apart. I held a divorce decree in my hand, burdened by debt, counting every penny even for a bowl of beef noodles.
Three years ago, I entered the crypto world with 80,000 U borrowed.
When I faced liquidation, I hid in my rented room eating instant noodles, trembling and entering the wrong password while cutting losses. For over 1,000 days and nights, I only fought against the K-line and trading volume. It wasn't luck; instead, I endured and developed six "foolish rules":
1. Volume is the compass of the market: a sharp rise followed by a slow decline often means that the main force is quietly accumulating, and a steep drop after a surge is the harvesting scythe.
2. Flash crashes are warning signs: a sharp drop and a slow rebound may indicate that funds are fleeing. After a flash crash, do not touch the recovery; it is a trap wrapped in a sugar coating.
3. Low volume at a high level is more dangerous than high volume: a spike in volume at the top is a signal of divergence, but prolonged low volume sideways movement is akin to the calm before a storm.
4. A bottom needs "double confirmation": a single spike in volume doesn't count; you must wait for a contraction followed by a spike in volume, which is the real entry signal.
5. The K-line is the result; volume is the voice of the heart: low volume indicates a cold market, while high volume indicates funds rushing in. Understanding trading volume is crucial to grasping the market sentiment.
6. A "short" mindset is truly powerful: daring to hold cash, not clinging to battles, not greedy for rises, and not afraid of drops. This is not a Zen mindset but a top-tier trading philosophy.
Once, I stumbled around in the dark; now, I have finally crossed the great river. The market is brewing, and the pitfalls I've stepped into could fill half the river.
I might as well twist these six iron rules into a lifeline. If you don't want to stumble in the dark anymore, I'll take you to the shore. @阿柒交易日记
