Hello everyone, I am your old friend, a seasoned player in the crypto world for seven years.
Today I won't talk about candlesticks, nor about macroeconomics, just some truths. If you've ever stared at the market at midnight, grinding your teeth, with your heart racing faster than the price fluctuations, maybe you need to change your way of living.
I once had a dark moment: in 2017, holding 50,000 U and chasing the market every day, it shrank to 30,000 in two months, almost registering as a delivery rider.
At that time I understood: frequent trading won't make you rich, it will only make you bald.
Until one day, I tore the trading goals into three notes, not wanting too much, just three times 'ten times'.
Method? I call it 'squat pit trading.'
1. My 'squat pit' three moves
1. Playing dead stage
After the market plummeted, it moved sideways, the K-line was flatter than an electrocardiogram, and the community was as quiet as a chicken.
At this time, 90% of people can't help but 'buy the dip' or 'cut losses,' while I go play with cats, hike, and game.
The longer it moves sideways, the harder the main force eats; if you're anxious, you lose.
2. Reversal signal
Suddenly breaking through the previous high with volume, the price jumps out of the oscillation range like a fish leaping.
Don't hesitate, directly go in with half a position in spot trading; don't guess the top, don't calculate, respect the market's choice.
(Remember: it’s spot, not contracts. Those who survive never use knives to pick apples.)
3. Emotion confirmation
After the breakout, the community began to argue fiercely, with bulls and bears throwing accusations; some said 'false breakout,' while others shouted 'going to zero immediately.'
At this time, I felt more at ease.
The day when public sentiment tears apart is often when the market accelerates, and there are often surprises the next day.
Two or three 'leaps,' I only did three things
In 2018, XRP
The market has been sideways for half a year; I treat it like a fixed deposit.
0.2→2 dollars, 50,000 turned into 500,000.
I offered 100,000 to my mom to buy a house, and she said, 'Is this money clean?' I replied, 'Cleaner than my face.'
In 2020, AAVE
Before the arrival of DeFi summer, it lay dormant like a hibernating bear for three months.
30→300 dollars, 500,000 to 5 million.
That day I deleted all leverage apps and vowed: never to compete with the dealer over who is crazier.
In 2021, SOL
In the public chain melee, it climbed from 1 dollar to 40 dollars.
5 million turned into 50 million, I bought myself a used electric scooter and felt like an invisible rich person on my way to buy groceries.
3. Why can't most people 'squat'?
Always afraid to miss every fluctuation that belongs to you; it may happen only once or twice a year.
Using trading volume to prove that effort is actually working for the exchange.
Anxiety when prices rise and despair when they fall; emotions are bound by prices; it’s better to uninstall the software.
My leverage usage? Only use no more than 10% of the principal and no more than 10 times the position during the highest certainty stage (after breakout), set stop loss at 2%, roll over step by step if right, and admit defeat if wrong.
In these years, the number of times I actually took action can be counted on one hand.
Ending heartfelt words
What is most scarce in the crypto world is not information, but patience;
What's rare is not the opportunity, but the courage to 'dare to wait.'
If you're also tired of living on edge every day, you might as well try the 'squat pit philosophy':
Most of the time living like a sloth, but at critical moments pouncing like a cheetah.
Follow me@加密崎哥 #加密市场观察 $BTC $ETH
