I consider myself a veteran in the cryptocurrency world, having been deeply involved for seven years.
I am 30 years old this year, a post-90s individual, from Fujian, now settled in Shanghai.
From the initial 50,000 principal chasing highs and cutting losses to losing half, to calmly summarizing experiences, my account has grown to 7 million after 2100 days, crystallizing 6 survival rules.
Rapid rises and slow declines are shakeouts; rapid declines and slow rises indicate it's time to sell: I once lost 30,000 due to adding positions during a rapid rise and cutting losses during a rapid decline, only to understand that manipulators deceive retail investors with volatility; don't be misled by surface trends.
If there's volume at a high, one can take a gamble; if there's no volume at a high, one must exit: Volume is a thermometer for market sentiment; last year, a certain coin had reduced volume at its peak, and I decisively liquidated my position, avoiding a 40% drop a week later.
True bottoms rely on sustained volume, not a single large bullish candle: I was once trapped by buying at the bottom due to one large bullish candle, later realizing that a bottom requires sustained inflow of capital; a single bullish candle is often a rebound trap.
Price is a shadow; emotion is the essence; a volume-reduced rebound is not an opportunity: A rebound with reduced volume lacks capital validation; recently, someone jumped in, only to be trapped in two days without understanding the essence of emotions, making it easy to fall into traps.
Mindset is the hardest lesson to master: I once missed out on a big rise because I greedily waited for a 50% increase, only to end up making a mere 5%; I’ve seen people cut losses out of fear during small declines, missing out on significant gains; maintaining a steady mindset is crucial for stable operations.
Maintaining rhythm is more important than observing trends: In the early days, I operated seven to eight times daily, with high transaction fees and frequent errors; later, I set a rule to operate at most twice a week and only trade familiar coins; maintaining a good rhythm instead ensured profits.
These are lessons earned with real money, not theoretical knowledge.
If you can't accurately pinpoint positions and often get shaken out, don't seek quick profits; first, learn to survive steadily. In the cryptocurrency world, the one who lasts longer wins; keeping to these iron rules allows for steady profits.
Don't wait until your contract is liquidated to remember me! Follow @星哥狩猎日记 , and I'll help you gradually turn small amounts into large sums; only by moving steadily can you smile for a long time!
