In 2017, I invested 2000 yuan into the cryptocurrency market, and now my account has grown to 36 million.

Over these eight years, contract liquidations and significant pullbacks have been the norm. I’ve endured countless nights watching the market until dawn, engulfed by anxiety leading to insomnia, and have stumbled into the pitfalls of altcoins going to zero and contract spikes, paying enough tuition to buy a house in a second-tier city.

After reflecting, these 6 golden rules, each understood can prevent losses of 100,000, and comprehending three can help avoid 90% of traps.

1. Don’t panic sell during rapid rises and slow declines. This is often the main force washing the market and accumulating, rather than a signal of peak. The real harvesting signal is a cliff-like crash after a significant surge, accompanied by an instant depletion of liquidity.

2. Don’t bottom fish during rapid declines and slow recoveries. Weak rebounds after a crash are often a false illusion of the main force offloading, don’t be misled by the “stabilization” illusion; many lucky bottom fishers in the crypto space have been deeply trapped.

3. High volume at peaks doesn’t necessarily indicate a top; low volume sideways trading is the danger zone. Where there is volume, there is capital game; shrinking volume indicates that the main force has quietly exited, leaving only retail investors to take on the high positions.

4. Avoid impulsiveness when volume appears at the bottom; sustainability is key. A single day of high volume could be a bait; only after a consolidation range ends with continuous breakout volume is it a real signal for building positions.

5. K-line is the surface; volume is the core. Price fluctuations reflect market sentiment, and only by understanding volume-price divergence and volume accumulation can you truly see through the logic of the main force controlling the market.

6. The highest realm is “nothingness”: Only with no obsession can one dare to stay in cash waiting for opportunities, only with no greed can one understand when to take profits and exit, and only with no fear can one rationally enter the market. Emotional control far exceeds trend judgment.

2920 days of experience tell me that those who make money in the crypto space are not the smartest, but the most patient. Opportunities are never lacking; what’s lacking is the ability to discern direction.

Going solo is difficult for the long term; it’s better to hold tight to a quality circle, obtain first-hand public sentiment and capital trends, and take fewer detours.

I, Uncle Cat, have always engaged in real trading, not virtual trading with empty promises. Currently, there are still open positions in my trading team; friends who want to thoroughly understand contract trading logic and break free from the curse of losses, let’s band together for practical operations to earn certain profits @在带单的阿猫 .