Eight years ago in Shenzhen, I lived in a rental room of less than eight square meters, worrying about rent every 15th of the month, not even willing to buy a fast food meal.
Looking back now, I hold the keys to two properties in my hand, and my assets in the account have steadily reached the tens of millions level.
My road to success was not based on luck or insider information, but started with a modest amount of capital, relying on four rules derived from lessons learned, step by step.
Now I share these rules with you, hoping to help you avoid detours:
1. Distinguish between wash trading and market peaks.
When I first entered the market, I once panicked and sold all my holdings because a certain altcoin surged rapidly and then slowly declined, missing out on a larger increase later.
It was only later that I understood: a rapid rise followed by a slow drop is often a wash, and there’s no need to rush to sell;
Only when there is a sudden crash after a significant surge in volume, that is the signal to exit. On one occasion, I decisively exited when a certain coin crashed, successfully avoiding subsequent deep declines.
2. Beware of low volume at high levels.
There was once a mainstream coin where the trading volume suddenly shrank during a consolidation at a high level, and I didn’t pay attention, resulting in a significant loss when the price was halved shortly after.
Since then, I’ve remembered: if the trading volume at a high level dries up, it is often a signal for capital withdrawal, and a major drop is not far off.
3. True bottoms need to see continuous volume expansion.
I have also fallen into the trap of buying at mid-levels, rushing in with a heavy position after a certain coin rebounded slightly after a big drop, only to be stuck for a long time.
I later understood: the real bottom often occurs after a period of low volume consolidation, followed by several days of gentle volume increase.
4. Core trading philosophy: watch the volume, break the obsession.
I believe that trading volume is the real language of the market. Do not be greedy in chasing highs, do not fear in bottom fishing, always maintain position flexibility, and wait for truly confirmed opportunities.
If you are still struggling repeatedly in the market, unable to stabilize profits, perhaps you can stop and consider these methods.
I do not seek to get rich overnight, but I believe that with the right approach, it is entirely possible to survive and develop steadily in the cryptocurrency market.
On the road ahead, we can walk together @顶级带单龙哥
