After losing 7 million in the early morning, I finally realized: The crypto world is not a casino, it's a slaughterhouse!
Six years ago, there was an early morning I will never forget! The exchange suddenly sounded the "liquidation alarm," I jumped out of bed, stared at the computer, and in just 3 hours, 7 million U turned into 0. It's not a loss, it's "zeroing out!"
I looked at the red negative sign on the screen, and I felt like I was nailed to the cross of reality.
It's not that I didn't work hard, but I wanted to get rich by relying on luck, and as a result, I became a joke in the market. But it was that night that brought me back to reality from my fantasies! I admitted defeat, borrowed 200,000 to make a comeback, no longer betting on direction or making impulsive decisions, but started reviewing trades, learning the rhythm, and summarizing the trading system.
In 90 days, I turned 200,000 into over 20 million. Since then, I understood that the crypto world is never a casino, but a battlefield. Many people come to the crypto world to "turn their fortunes around"; but those who truly survive are those who treat it as a "tactic." It's not that you can't do it, you just haven't realized it yet.
Here are 8 iron rules I figured out (suggest saving and reviewing repeatedly)
1. If the market crashes but your coins remain stable? There may be strong hands protecting the price, don't easily cut losses on such coins.
2. For short-term trades, look at the 5-day moving average; if it breaks, exit; for medium-term trades, look at the 20-day moving average. If you hold on, you'll discover magical patterns.
3. A main upward wave + low volume = illusion; main upward wave + high volume = signal; breaking the trend with high volume is the real retreat.
4. If it drops for 8 consecutive days and the drop exceeds 50%, that's a sign of overselling, often a prelude to the next rebound.
5. Don't play with miscellaneous coins, only focus on leading coins. They rise sharply, fall steadily, and align with strong hands' rhythm.
6. Trading is not about bottom fishing, it's about following the trend. Never go against the market, don't challenge the trend.
7. If you gain profits and get inflated? You might not be an expert, just lucky. Reviewing trades is the starting point for bridging the gap.
9. If you don't understand, stay in cash. Staying in cash is not a waste, it's a lifesaver. What you seek is to survive long at the table, not to gamble everything.
Recently, many people have been asking me how to use my EMA strategy, MACD strategy, and oversold rebound strategy? I’m too lazy to explain to everyone!
Want to learn? Like + follow! Don't hesitate, those who are still hesitating when the market comes, deserve to be liquidated.
If you don't try this time, in half a year you'll say again:
"If only I had known earlier..."
