After 8 years in the cryptocurrency world, I have turned a capital of 300,000 into hundreds of millions, relying solely on a method that seems "clumsy" yet is effective.
I am 36 years old this year, from Shenzhen, and I have been navigating the cryptocurrency space for eight years now.
When I first entered the cryptocurrency world, I was like most beginners, completely ignorant of the market, chasing highs and selling lows, blindly following news, and I paid a lot of "tuition" for it.
But after years of exploration, I gradually summarized my own trading principles.
Many people speculate that I have insider information or advanced trading systems, but that's not the case. My success comes from analyzing volume and sentiment, progressing steadily.
The experience of these 2880 days has been distilled into 6 practical rules. If you can grasp one, perhaps you can avoid losing 100,000; if you truly understand three, you will surpass 90% of retail investors.
First rule: A rapid rise followed by a slow pullback is often a sign of accumulation by the big players. Many people panic sell when the price of a coin rises sharply, not knowing this could be a washout by the main force.
Second rule: A sharp drop followed by a slow recovery may signal the big players' retreat. Certain coins may suddenly crash and then slowly rebound, and retail investors often mistakenly believe it’s the bottom, when in reality there may be many traps.
Third rule: High volume at a peak does not necessarily mean the trend is over; lack of volume is what to be wary of. When at a high, if the trading volume continues to increase, it indicates that market enthusiasm has not diminished, and there may be another wave in the trend.
Fourth rule: Caution is needed with high volume at the bottom; only sustained volume can be trusted. A significant volume at the bottom is often viewed as the main force entering the market, but it is often just bait, and one must observe whether there is continued volume.
Over the years, I have deeply felt the difficulty of navigating the market and how easy it is to lose direction. If someone can guide you to see the rhythm and avoid traps, many detours can be avoided. The journey of trading is long, and there's no need to endure it alone.
After all, a single tree cannot support a forest, and a lone sail cannot travel far. If you are still exploring in the cryptocurrency world, I hope these experiences can help you take fewer detours and incur less tuition.
I am 36 years old this year, from Shenzhen, and I have been navigating the cryptocurrency space for eight years now.
When I first entered the cryptocurrency world, I was like most beginners, completely ignorant of the market, chasing highs and selling lows, blindly following news, and I paid a lot of "tuition" for it.
But after years of exploration, I gradually summarized my own trading principles.
Many people speculate that I have insider information or advanced trading systems, but that's not the case. My success comes from analyzing volume and sentiment, progressing steadily.
The experience of these 2880 days has been distilled into 6 practical rules. If you can grasp one, perhaps you can avoid losing 100,000; if you truly understand three, you will surpass 90% of retail investors.
First rule: A rapid rise followed by a slow pullback is often a sign of accumulation by the big players. Many people panic sell when the price of a coin rises sharply, not knowing this could be a washout by the main force.
Second rule: A sharp drop followed by a slow recovery may signal the big players' retreat. Certain coins may suddenly crash and then slowly rebound, and retail investors often mistakenly believe it’s the bottom, when in reality there may be many traps.
Third rule: High volume at a peak does not necessarily mean the trend is over; lack of volume is what to be wary of. When at a high, if the trading volume continues to increase, it indicates that market enthusiasm has not diminished, and there may be another wave in the trend.
Fourth rule: Caution is needed with high volume at the bottom; only sustained volume can be trusted. A significant volume at the bottom is often viewed as the main force entering the market, but it is often just bait, and one must observe whether there is continued volume.
Over the years, I have deeply felt the difficulty of navigating the market and how easy it is to lose direction. If someone can guide you to see the rhythm and avoid traps, many detours can be avoided. The journey of trading is long, and there's no need to endure it alone.
After all, a single tree cannot support a forest, and a lone sail cannot travel far. If you are still exploring in the cryptocurrency world, I hope these experiences can help you take fewer detours and incur less tuition.