People often ask me: “Da Chen, you’re now traveling and making money, you must have quite a bit of capital, right?”#LINK.
I shook my head and smiled: “Everyone only sees my current glory, but during my hardest times, I couldn't pull out a single red bull from my pocket.”
When I first entered the crypto world, like most people, I had a few thousand dollars, dreaming of getting rich overnight—chasing rising prices, killing dips, using high leverage, and trading altcoins wildly…#特朗普考虑结束伊朗冲突
As a result, my assets drastically shrank in a short time. In the sleepless nights, I finally realized: the crypto world is not a casino; to survive, I must understand its rules.
I summarized the lessons learned from my hard-earned money into 6 survival rules, and it was these that helped me restart from the low point of my account, step by step to where I am today:
① Sharp rises and slow drops; the main force is quietly accumulating
A gentle pullback after a big rise is often a signal to wash out positions. Don’t rush to get off, be patient, as there is often another main uptrend coming
② A sharp drop without rebound, hurry to run
A rapid drop followed by a weak rebound indicates insufficient buying power, likely a selling phase. At this point, don’t hold on to fantasies, decisively exit.$TAO
③ High volume at a high position is not necessarily a peak, but low volume at a high position must be exited
A surge in volume may be new capital taking over; if the trend is not broken, you can continue to hold. But if there is a rise in volume at a high position, it often means energy depletion, retreat immediately
④ Bottom volume, wait for the second confirmation
A single volume increase may be a test; continuous volume increase is the real signal for capital entering. Don’t rush to catch the bottom; wait for right-side opportunities to be more prudent
⑤ Trading volume is a mirror of market sentiment
Do not get addicted to complex indicators; trading volume directly reflects market sentiment. When sentiment is strong, the market is there; when volume dissipates, the market will break
⑥ To cultivate a 'carefree' heart is to go far
Do not be greedy, do not be fearful, do not be impatient. Learning to wait with no positions is the core skill for long-term survival in the crypto world
Give friends with limited capital a suggestion:
Divide the principal into multiple parts, use only one part each time with medium to low leverage, only trade mainstream coins. Take profits and secure them, while the principal continues to roll—slow is fast
On this road, the biggest enemy is never the policy or the news, but the restlessness and indecisiveness deep within you. Choosing to believe in what you trust is more important than predicting the market.$NIGHT
In the crypto world, if you do not have a good circle and first-hand information, it is recommended that you follow others. Da Chen will help you reach the shore, welcome to join the team!#黄金创43年来最大单周跌幅