I am 32 years old this year. I started trading cryptocurrencies at 22, and by 2023-2024, my funds reached 8 digits. My current lifestyle includes staying in high-end hotels costing around 2000 yuan whenever I go out, which is much more comfortable than what the older generation experienced in manufacturing or what the post-80s generation experienced in e-commerce!
As a veteran trader with 10 years of experience in cryptocurrency trading, unafraid of storms and having navigated bull and bear markets, my survival in the market relies on these 5 principles! They are the accumulation and summary of my years of experience! Take your time to read through, fill in the gaps, and I believe you will gain something!
1. A fast rise and slow fall indicate accumulation.
A rapid increase but a gradual decrease suggests that the market makers are accumulating chips, preparing for the next round of increases.
2. A fast fall and slow rise indicate distribution.
A rapid decline but a slow increase means that the market makers are gradually selling off, and the market is about to enter a downtrend.
3. Don’t sell at a high volume at the top; run quickly if there’s no volume at the top.
High trading volume at the top may indicate continued upward movement; however, if trading volume shrinks at the top, it suggests that upward momentum is insufficient, and it’s best to exit quickly.
4. Don’t buy at a high volume at the bottom; you can buy if there’s sustained volume.
High volume at the bottom could be a continuation of a downtrend, requiring observation; sustained volume indicates that funds are continuously entering, which may warrant buying.
5. Trading cryptocurrencies is trading emotions; consensus is trading volume.
Market sentiment determines price fluctuations, and trading volume reflects market consensus and investor behavior!
Change is not spectacular at all; it can even be full of pain.
Every step, every lift of the leg, is accompanied by soreness. Only by tearing away the old muscles can stronger muscles grow. Only by shattering the original understanding can a new self be reconstructed. The cycle of charging forward and retreating in despair plays out repeatedly, making it hard to endure; ordinary people simply can’t take it. Even worse, some people don’t even have the opportunity to change.
Respect the market, continuously learn and conduct in-depth research, constantly optimize the system and learn new knowledge; never feel that you are already capable or invincible! Only by maintaining vigilance and always considering different changes in situations can one become the ultimate winner in this market!
The market is never short of opportunities; the question is whether you can seize them. By following experienced individuals and the right people, we can earn more!
SUI TURMP BONK PEPE OM SOL PNUT NEIRO
