Six years in the cryptocurrency world, from 30,000 to nine figures: I survived with this set of simple methods
I am 36 years old this year, and when I entered the market in 2003, I only had 30,000 as capital
Like everyone else, I was superstitious about news, leveraged crazily, and the tuition I paid could buy a house
Now my account has reached eight figures, many people think I have insider information, but in fact, I only rely on a set of extremely simple logic: watch volume, watch sentiment, anti-humanity operations
The blood and tears of these more than two thousand days have condensed into five iron laws. Understanding one can save you a hundred thousand:
First, sharp rises and slow falls mean buying, sharp falls and slow rises mean selling
Don't be fooled by K-lines. A strong rise followed by a decrease in volume is the main force washing the disk
After a sharp drop, a slow rebound is the main force running away. Don't hand over chips when the main force is buying, and definitely don't catch flying knives when the main force retreats
Second, high positions without volume are the real danger
Everyone is afraid of high positions with volume, wrong!
Continuous volume at high positions is a bull market celebration and can still surge
What is truly frightening is when prices stay high but trading volume shrinks, that is the main force quietly retreating, leaving only retail investors self-amusing
Third, bottoms need to accumulate volume, refuse one-day trips
Newbies rush when they see huge volume at the bottom, while veterans only look for continuous gentle volume
A single day of explosive volume is retail investors cutting leeks; only accumulation like ants moving homes indicates the main force truly entering the market
Fourth, in a choppy market, being dazed is also a strategy
During the sideways phase, those who frequently trade end up losing to transaction fees
My principle is: if there are no comfortable points, I won’t trade; it’s better to miss out than to make mistakes
Fifth, always keep emergency funds
No matter how crazy the market is, I always keep 30% cash in my account
The black swan in the cryptocurrency world is not whether it will come, but when it will come
Having bullets means you qualify to talk about recovery after a crash
Trading is a lonely practice, but we can walk together
I am Brother Qiang, bringing you through the fog to understand the true intentions of the main force @强哥在带单