How much U do you need to earn to come back to me?
After three years of trading coins, I turned 10,000 U into 670,000 U, without insider information or encountering a particularly crazy bull market, relying solely on a set of 'dumb methods', little by little over time.
In 1095 days, I only focused on one thing - treating trading like leveling up in a game, being patient and honing my skills.
Today, I will share 6 practical insights with you. Understand one, and you can save yourself tens of thousands; achieve three, and you will be more stable than most retail investors.
First: Rapid rises and slow falls indicate that the big players are slowly accumulating.
A sudden surge followed by a slow decline is mostly just a washout; don’t rush to cut losses. The real peak is when there’s a sudden surge in volume, followed by a 'bang' and a waterfall-like drop, leaving people to catch the falling knife.
Second: Fast drops and slow rises indicate that the big players are quietly offloading.
After a flash crash, if there’s a slow rebound, don’t think it’s a chance to pick up bargains; it could very well be the last cut.
Don’t think, 'It has dropped so much already, how much lower can it go?' This mindset is the easiest way to trip up.
Third: High volume at the top doesn’t necessarily mean the end; low volume is what you should worry about.
If there is volume at a high level, there might still be a surge; if it’s quiet with no volume, that’s a signal for a crash.
Fourth: Don’t be reckless with volume at the bottom; sustained volume is what’s reliable.
Single instances of volume might just be bait to entice people. You need a period of fluctuation first, followed by several days of sustained volume; that’s the real opportunity for building positions.
Fifth: Trading coins is about trading human emotions; emotions are hidden in the volume.
Candlestick charts are the results; trading volume is the emotional indicator. When the volume is low, it means no one is playing; when the volume suddenly rises, it indicates real funds are flowing in.
Sixth: 'Nothing' is the real skill.
No obsession; go cash if you need to, don’t be greedy when it’s time to buy the dip, and stay calm. This isn’t about doing nothing, but about honing your trading mindset to perfection.
Opportunities in the crypto world are always there, but what’s lacking are those who can control their hands and see the situation clearly. You’re not slow; you’re just stumbling in the dark.
My light has always been on; just move your feet forward and keep up; there’s no need to keep wandering in circles at night.