Ten years of ups and downs in the cryptocurrency sea: Practical insights from going from being $10 million in debt to rebirth. 'When the last $2000 in my account evaporated in front of the screen, I stared at the trading interface at 3 AM, my nails digging deep into my palm.' As a survivor of three bull and bear cycles, this experience has long become the most precious nourishment in my trading system. Starting from 8000 yuan to a ten million asset dream, ultimately turning into a bubble during the 94 policy storm. When the liquidation statement showed -8.24 million in debt, I didn't even dare to open the unread messages in the family group. But it was this darkest moment that allowed me to understand the survival rules of the digital currency market—this is not a gold rush, but a battlefield of cognition and discipline.
[Six Core Rules for Crossing Bull and Bear Markets]
One, deciphering the hidden codes of price-volume games.
When the candlestick starts to lie, the trading volume is always honest. The truly valuable volume anomalies are often hidden in the details: the first doubling of volume after a continuous decline with shrinking volume, if it closes with a long lower shadow, this is a signal for a main force trial; if the volume is insufficient at 70% of the previous peak when breaking through the previous high, it is likely a false breakout. Remember, excessive volume in a bear market is a signal to escape, while minimal volume in a bull market is a golden buying point. Two, temporal and spatial resonance trading method.
Combine the Fibonacci sequence with Gann angle lines to form a three-dimensional trading system. For example, at the 61.8% retracement level on the daily chart, if a 4-hour MACD bullish divergence and a 1-hour KDJ oversold golden cross occur simultaneously, this is a high-probability buying point. My trading log statistics show that the win rate at such resonance points can reach 78%.
Three, dynamic position control model.
Original 'three-tier pyramid' position building method: the first position should not exceed 10%, increase to 30% when breaking key resistance, add to 50% after establishing a trend, and always keep 50% cash to deal with black swans. In the extreme market situation on March 12, 2020, it was this model that allowed me to accurately bottom out BTC at $3120.
Four, contrarian stop-loss mechanism.
Set up a 'dual-track stop-loss line': hard stop-loss set 3% below key support, psychological stop-loss set at cost price -10%. More importantly, the 'profit retreat stop-loss method', which closes positions immediately when floating profits retreat by 20% from the peak. This mechanism helped me protect a profit of 17 million during the 519 crash in 2021. Five, cycle nesting observation technique.
Determine direction with monthly charts, find structure with weekly charts, capture buy and sell signals with daily charts, and do swing trades with four-hour charts. Before the LUNA crash in 2022, it was the TD9 sequence on the weekly chart and the daily cloud cover pattern that allowed me to clear positions three days in advance to avoid disaster. Six, emotional ice point contrarian strategy.
When the market fear index falls below 20, and major influencers on Weibo collectively fall silent, while trading apps drop out of the top 200 downloads, I will initiate the 'despair mode' for dollar-cost averaging. This strategy captured the century lows of $3000 BTC and $880 ETH at the end of 2018 and 2022, respectively.
[Ultimate Advice for Reborn Traders]
1. Always run with profits: the safety line of the principal must be protected like the pupil of the eye; trades that result in losses exceeding the principal are criminal.
2. Stay away from contract leverage: I've seen 327 contract traders, and only 1 survived for over 3 years.
3. Establish a trading checklist: check 10 risk control indicators before placing each order; if one is missing, abandon the trade.
4. Regular cognitive detox: must clear positions and rest for two weeks every quarter to prevent falling into the self-validation trap. Standing at the trading terminal in 2023, I still recite Jesse Livermore's famous words daily: 'There is nothing new on Wall Street because human nature never changes.' Perhaps tomorrow will bring new stories of retail investors, but the true winners are always honing their systems when others are greedy and cultivating their character when the crowd is fearful.
We need to capture these subtle signals with keen insight, like waiting patiently for flowers to bloom, waiting for the winds of market change to guide us to the shores of wealth.
#币安HODLer空投GPS $BTC
