Survival Strategies in the Crypto World: The Self-Cultivation of an Old Investor

The craft of trading cryptocurrencies ultimately refines one's character. The most disobedient thing on the keyboard has never been the market, but rather my fingers that always want to click the mouse.

My trading philosophy is simple: only take profits that are the most certain. If I don't understand, I turn off the computer and take the dog for a walk—my corgi has gained ten pounds in the past two years.

Four hard truths summarized from five years of being cut:

Rapid rises and slow declines are the breathing rhythm of the major players.

When the K-line runs up like a youth and then stumbles down like an old man, it's not a sign of market weakness, but rather the major players silently swallowing chips in the dark. I paid a tuition of 1 million to engrain this rule into my DNA.

A sharp drop with weak rebounds is the last escape pod.

A head-chopping drop paired with asthmatic rebounds is like the last free bus before the casino closes. During the 2021 LUNA incident, I cut losses during the third weak rebound, preserving my last three principal amounts.

Volume at the top speaks volumes.

A spike in volume often signals a second peak; that's the mercy stop-loss position given by the major players. But if there is a shrinking volume and a downtrend, it's like hidden reefs during a tide retreat—during the process of ETH falling from 4900 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 capital voting with its feet, not an emotional placebo. I remember the MEME coin craze in 2023; when even the vegetable-selling aunties at the exchanges started discussing dog coins, I knew it was time to step back temporarily.

The most ironic thing about this market is that, despite knowing that 90% of coins will ultimately go to zero, we always feel we can catch that 10% miracle. The major players repeatedly use the same script, only changing the cover each time.

Now my trading discipline consists of two rules: better to miss ten opportunities than to make one wrong trade; always first clarify whether I am the hunter or the bait in this market wave.