In 2022, he only had two thousand in his pocket.
With a strong will to persevere, he has now amassed thirty-six million.
Along the way, he has experienced ups and downs, liquidation, and anxiety, before gradually honing a set of usable rules.
First rule: If it rises quickly and falls slowly, that is not a peak.
Many people run at the first sign of a rise, only to find themselves washed out.
What you really need to be cautious of is when it surges with volume and then immediately crashes down; that is the shadow of unloading.
Second rule: If it falls hard and rebounds slowly, don't rush to buy the dip.
The rebound after a flash crash is mostly a trap to induce selling.
The market is best at seizing on luck; once you think, "it's about time," it often continues to dip.
Third rule: High volume at a peak is not necessarily a bad thing; low volume is the real issue.
Volume indicates that power is still in contention;
low volume means that big players have exited, leaving only retail investors to exhaust each other.
Fourth rule: If there is suddenly high volume at the bottom, don't rush in; keep an eye on sustainability.
One day of high volume does not mean much;
multiple days of high volume, especially after a consolidation, indicates that big players are quietly positioning themselves.
Fifth rule: Candlestick patterns are the skin; volume is the bone.
Cryptocurrency prices are too influenced by emotions; only by looking at volume can one grasp the direction.
The forces behind the rise and fall are more critical than the patterns themselves.
Sixth rule: The highest state is "empty."
Being in cash can wait, which helps avoid pitfalls;
earning and knowing when to exit can help retain profits;
having the courage to enter at key levels during a drop means you won’t be bound by fear.
Controlling your mind is always harder than looking at charts.
Eight years of time, trading countless times to gain this understanding.
Those who can go far are never the flashy operators,
but those who can endure, remain steady, and slow down.
Opportunities are abundant; what is lacking is the ability to see the path clearly.
