Survival Strategies in the Crypto World: A Veteran's Self-Cultivation
The skill of trading cryptocurrencies, at its core, is about cultivating one's mindset. The most disobedient thing on the keyboard has never been the market, but rather my own fingers that always want to click the mouse.
My trading philosophy is simple: only take the most certain profits; if I don't understand, I turn off the computer and walk the dog—my corgi has gained eight pounds in the past two years.
Four hard-learned truths summarized from five years of being cut:
Rapid rises and slow declines are the breathing rhythm of the market makers.
When the candlestick chart runs up like a youth and then staggers back down like an elderly person, it’s not market weakness, but the market makers secretly swallowing chips. I paid 370,000 in tuition to engrain this rule into my DNA.
A sharp drop followed by a weak rebound is the last escape pod.
A guillotine-like drop accompanied by asthmatic rebounds is like the last free bus before the casino closes. During the LUNA crash in 2021, I stopped my losses during the third weak rebound and saved my last three principal amounts.
Volume at the top speaks volumes.
A large volume at the peak often has a second upward thrust, which is the mercy stop-loss given by the market makers. But if there’s a shrinking volume with a downward trend, it’s like an unmarked reef during low tide—during ETH's drop from 4800 to 900, I turned "waiting for a rebound" into a form of performance art.
Consensus is the only truth.
Trading volume is the result of funds voting with their feet, not an emotional placebo. I remember the MEME coin craze in 2023; when even the vegetable-selling aunties on the exchanges started discussing dog coins, I knew it was time to temporarily step back.
The most ironic thing about this market is that, even though we know 90% of coins will eventually go to zero, we always feel we can catch that 10% miracle. The market makers repeatedly use the same script, just with different covers each time.
Now my trading discipline consists of two rules: I'd rather miss ten opportunities than make a wrong trade; always think clearly about whether I am the hunter or the bait in this market movement.
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