Six years ago, the words left by my ex-girlfriend, "The cold-blooded financial man who only has his career in his eyes," still feel like a thorn in my heart.
At that time, besides being poor, I only had the 50,000 yuan I clutched in my hands after the breakup—this was all my chips for a desperate gamble with fate.
Who would have thought that after six years of struggling in the cryptocurrency world, being beaten by the market countless times, I managed to carve out a bloody path: a balance of 86.3 million yuan in my bank account, two properties (one for living, one to honor my parents), and a Rolls-Royce and a Mercedes-Benz in the garage, all thanks to the passage of time.
No insider information, no luck, just these 6 ridiculously simple principles that helped me avoid countless pitfalls:
1. Rapid rises and slow falls hide accumulation: A gentle pullback after a sharp rise is likely large funds quietly laying out their plans, don’t be misled by superficial fluctuations;
2. A sharp drop with weak rebounds is a signal to sell: A price crash followed by weak rebounds indicates a capital flight signal, don’t fantasize about bottom fishing, it will only lead to losses;
3. High volume at peaks doesn’t necessarily mean a top: Volume at the peak may be the last sprint, while shrinking volume is a precursor to market termination;
4. Don’t trust single volume at the bottom: Only continuous volume signifies a true bottom where the market reaches consensus;
5. Trading cryptocurrencies ultimately trades human emotions: No matter how sophisticated the technical indicators, they cannot surpass emotions, and volume is the most direct mirror of sentiment;
6. Non-action is the highest state: No desires, no fears, no attachments can last long; only those who endure the loneliness of being in cash can wait for a major market.
If you are still spinning in the fog of the cryptocurrency world, repeatedly stepping on the wrong rhythm and wanting to turn things around, feel free to find me.
I am Brother Er, with 6 years of practical experience, guiding you to avoid detours and firmly grasp the market!
