Three years ago, my brother Ajie was in that kind of state you imagine: contracts blown, savings zeroed, and the girl he had been talking to for years walked away without looking back. He came to find me with a bottle of wine, and in the end, he fished out five thousand U from all his accounts, his hands shaking as he transferred it to me. "Bro, this is all I have, my everything."
I didn't say any nonsense, I accepted it. This isn't money, it's life.
After three years, there are no myths. I didn't encounter any hundredfold tokens, just focused on those few mainstream coins, using the simplest method, repeatedly making trades, and waiting for opportunities. Five thousand U, bit by bit, rolled into one hundred fifty thousand U. What did I rely on? It was about honing my skills to perfection and training my mindset to remain calm.
Let's talk about something practical today, six insights that I obtained through blood and tears. Take your time to appreciate them.
Rapid rise and slow fall, don't panic, that's just accumulating stocks.
The price goes up with a 'bump' and then slowly falls down, tossing you back and forth. This is often not the peak; it means someone wants to use cheap chips. The real big peak is often when everyone crazily chases in, and then a big black line directly smashes through, leaving no escape.
Fast drop and slow rise, you should run, that's fishing.
Suddenly 'crash' and plummet, then slowly rise back a bit, giving you hope. This is often not the bottom, but the last hook to make you feel, 'It's dropped so much, it’s time to bottom fish.' When you have this thought, it’s the most dangerous.
When there is no sound at the top of the mountain, that's real danger.
If the price is high and trading is still very active, it means there are still players involved, and it may not be over yet. But if the high point sees shrinking volume and the market feels lifeless, then you need to be extremely cautious; this is usually the calm before the storm.
When the volume suddenly increases at the foot of the mountain, don’t rush in.
When it drops to the bottom and a big bullish line appears with volume, don’t get excited. This could be a false move to trick you into entering. Wait a few more days to see if the volume can continue to stabilize; a real bottom won't just be lively for one day.
Look at the K-line, but more importantly, look at the volume. The K-line is drawn, but the volume is what money is piled up from.
Price is the result, but trading volume is the market's emotion and true intention. When volume shrinks to the extreme, it means no one is playing; when volume expands moderately, that’s real gold and silver entering the market. Don’t just focus on the price jumping up and down.
Only those who can hold cash are the experts.
It's not about lying down all the time. It means that when it's time to leave and observe, you must completely exit; never force a trade when there are no opportunities. This is not cowardice, it's discipline. Being unable to control oneself is the root cause of most people's losses.
This market is most lacking in opportunities. What is lacking is that when you see an opportunity, you still have capital in hand; even more lacking is when there are no opportunities, you can resist the urge to act.
AJ's money has long been returned to him, and even more than before. I heard he's been in much better shape lately. I didn't ask him if he still wants to say to anyone, 'Long time no see.'
Some questions, the answers are not in the market, but in your own heart. First, survive; practice your skills solidly, and then talk about the rest.
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