From 200,000 to several million, I relied on the simplest methods
Joined the market during the bear market in 2018, with an initial capital of 200,000, I suffered two rounds of losses and almost packed my bags to leave. After toughing it out, I relied on a set of 'homegrown methods' to muddle through for 7 years, multiplying my capital several times over.
No insider information, no early bird projects, and I certainly don't understand any profound logic. I just rely on three strategies: observing volume, sensing emotions, and waiting for the rhythm.
These few insights, understanding just one can save you tens of thousands; I offer them to you for free:
1. Rapid rise and slow decline = insiders are accumulating
Don't run around blindly; the main force is washing the plate. The biggest fear is a sharp rise followed by a direct crash; that's just to lure in more investors and cut the retail investors.
2. Sharp decline and slow rise = main force is running away
After a steep drop, if the rebound lacks strength, don't get hot-headed and try to catch the bottom, especially if the rebound is without volume; nine times out of ten, that's the last wave of unloading.
3. Lack of volume at the top is scarier than increased volume
At high positions, increased volume at least indicates some speculation; if it's silent and lifeless, that's a signal that it's about to drop.
4. Increased volume at the bottom must be observed for sustainability
A sudden spike in volume is useless; it may just be a lure. You need to wait for several days of increased volume followed by a contraction and oscillation before making a move; that's when the opportunity arises.
5. True experts trade emotions
Candlestick patterns are the result, but emotions are the root. Volume is the mirror of market consensus.
6. Being able to hold cash and daring to take large positions is true maturity
Not chasing highs, not gambling with your life, not clinging to battles. Many people seem to be trading cryptocurrencies, but they are actually being led around by their emotions.
The market never lacks opportunities; what it lacks is the ability to control oneself and see the situation clearly. What can help you stand out is having someone guide you to grasp the rhythm and point you in the right direction.
