The crypto world doesn't have overnight wealth; it only has skills and mentalities honed over time.
Today, I share six insights gained through real money, which beginners must save to avoid three years of detours:
1. Don't panic and cut losses during rapid rises and slow declines—this is the "whale" eating.
When it suddenly spikes and then slowly drops, it's not a signal of a peak! This is likely a washout to test your mentality. The real top is "sharp rise + waterfall"; that's the final harvesting moment.
2. Don't catch falling knives during rapid declines and slow rebounds—this is the "whale" unloading.
A sharp drop followed by a slow rebound? Don't think it's an opportunity! This is often the last stab; don’t be deceived by the fantasy of "quickly hitting the bottom," as catching falling knives halfway up is the worst.
3. No need to panic with volume at the top; you need to run when there's no volume.
High volume at a peak isn't necessarily a top; there may still be a second wave. What's truly scary is when the volume suddenly disappears, becoming as quiet as a ghost town; that’s a sign of an impending crash!
4. Don't rush at the bottom with volume; continuous volume is reliable.
A single large bullish candle with volume? It's likely a false move! After a period of low volume sideways, if it can continue to gently increase in volume, that's a true signal for building a position—enter steadily and accurately.
5. Understanding volume means understanding market sentiment.
Candlestick patterns are the results; volume is the story behind it! Low volume = no one is playing; the market is cold; high volume = capital is entering; the heat is back. What’s hidden in the volume is all about people's hearts.
6. Experts are all practicing the "nothing" principle.
No obsession: if you should be in cash, be in cash; don’t stubbornly fight against the market.
No greed: don’t chase coins that are skyrocketing; only earn money within your understanding.
No panic: dare to buy when it hits the bottom; don’t let emotions lead you astray.
Lastly, here’s a hard truth:
The market is never wrong; only our judgments are wrong. The crypto world doesn’t need you to predict the future; if you can maintain your mentality and survive to the next round of the market, you've already won half the battle. @方舟掘金