My 36-year-old best friend Chen Mo now lives in a riverside apartment in Lujiazui, Shanghai. But five years ago, she was curled up in a 10-square-meter shared apartment in Pudong, with only 10,000 U left in her account—that was all her savings after her divorce.
"At that time, I wasn't asleep yet, and she told me, 'It's not that I'm afraid of losing money, it's that I'm afraid I won't be able to recover.'"
The first rule, she earned with tears.
That year, she chased a popular cryptocurrency at a high price. After a surge, it corrected, and she thought it had peaked and sold at a loss. In the end, the main force was just accumulating, and later she watched helplessly as that coin multiplied five times. "When it rises sharply and falls slowly, that's big money at work," she said, "Don't be scared away by surface fluctuations; timing is the key."
The second rule, she almost died halfway up the mountain.
After a flash crash, she thought an opportunity had come and bought the dip. The rebound was weak and feeble, and the price continued to free-fall—that was the main force burying people, distributing the last chips. She lost 40% that time, "A sharp drop and a weak rebound is not an opportunity; it's a trap.$ETH
The third to fifth rules took her two whole years to understand.
High volume at a peak doesn't necessarily mean it has topped; sometimes it's still charging; one instance of high volume at the bottom is unreliable; continuous high volume is the real bottom. The most important thing is: trading cryptocurrencies is about people's hearts, not patterns. Volume is the truest mirror of emotions.
But the most painful realization is the sixth rule.
For a while, she traded almost every day, fearing to miss any fluctuations. As a result, she lost more and more, anxious enough to need sleeping pills. Later, she forced herself to learn "nothing"—no desires, no fears, no attachments. During her days of being in cash, she meditated every day, ran, and wrote trading journals. "Only by enduring loneliness can you qualify to welcome a big market."
Five years later, 10,000 has turned into 12 million. She owns a riverside apartment, has retirement money for her parents, and the confidence to be "nothing".
"In the cryptocurrency world, winning is not about seeing the right person," she gazed at the night view of the Huangpu River, "it's about those who can survive."
Now, she has paved this road well. Will you walk it?
Why not have a chat with Sister Yue?
I can't guarantee you'll get rich overnight, but I have walked that road from despair to steady progress.#美国“无王”抗议 #BTC行情