Why do people still rush forward knowing that contracts are fraught with danger?
Because everyone harbors a dream of a "one-night turnaround" in their hearts.
I am from Fujian, 37 years old.
In 2018, I entered the cryptocurrency world with 200,000, experienced liquidation, bankruptcy, and started over countless times.
Looking back after eight years, I realize that I relied not on luck, but on a "clumsy but steady" trading system.
After eight years of fierce battle, I have come to understand six iron rules.
Understanding one rule can save you a hundred thousand; grasping three means you have already outpaced 90% of retail investors.
Iron Rule One: Don’t chase after rapid rises
When the main force pushes prices up violently, it's mostly a way to draw in tickets; if the volume doesn't follow, it's a false move.
I only take the second segment and don’t compete with emotions for the first bite.
Iron Rule Two: Don’t catch falling knives
Rebounds after sharp crashes are all bait.
The real bottom is forged, not pulled up.
Iron Rule Three: Don’t panic when there’s high volume at a peak; lack of volume is dangerous
High volume = still in the game;
No volume = the main force has left. I never force a trade during consolidation with low volume.
Iron Rule Four: Don’t rush in on high volume at the bottom
A true breakout involves sustained high volume plus a retracement;
A false breakout is one spike in volume that immediately dies down.
Iron Rule Five: Candlestick patterns can deceive you, but volume will not
Volume is the root, price is the fruit. Following volume and trend is a way to survive; going against the trend and volume is a path to ruin.
Iron Rule Six: The end of trading is nothingness
Without greed, you can take profits; without fear, you can enter the market; without obsession, you can hold cash.
In eight years, I have seen smart people get liquidated and "foolish people" succeed through discipline.
The market always rewards the calm.
My name is Dong Fei; I don’t tell myths, I don’t call trades, I only discuss profitable logic.
If you want to learn how to distinguish between real rallies and false rebounds,
If you want to survive and stabilize,
You take one step, and I will help you walk the rest of the way.
