A friend of mine, 36 years old, from Guangzhou, now lives in Chongqing. Six years ago, he entered the cryptocurrency market with 16,000 USDT, working his way up from a complete novice to a well-established account with over 80,000 USDT.
His secret was a seemingly simple but incredibly effective method. Last year, he earned over 1 million USDT in just seven months trading mainstream cryptocurrencies. Now he owns a house in Guangzhou, a villa in Chongqing, two luxury cars, enjoys flexible hours, and has a peaceful life.
The true masters of the cryptocurrency market aren't those who rush in the fastest, but those who can remain stable and endure the long run.
I've been in the cryptocurrency market for nine years, and he succeeded by consistently adhering to these seven principles of my experience. Don't underestimate them; understanding even one can save you hundreds of thousands in losses; mastering three will put you ahead of 80% of retail investors.
1. Many cryptocurrency traders only look at price, neglecting the most crucial element—volume. Volume is the heartbeat of the market; understanding it is the true beginning.
2. After a sharp price surge followed by a slow decline, don't panic. This often indicates that major players are secretly accumulating shares. The real trap is a large bearish candlestick after a surge in volume; this is called "bait reshuffling," and rushing to sell will only trap you.
3. After a flash crash followed by a slow recovery, don't rush to buy the dip. That's not a rebirth, but rather the major players' final distribution. Remember this: the market is best at punishing those who "think the price can't fall any further."
4. Trading volume: High volume doesn't necessarily indicate a top; low volume is more dangerous. Sufficient volume during an uptrend indicates a still-hot market; once trading becomes sluggish, it's the prelude to a crash.
5. Don't rush to buy after a high-volume bottom. A single day of high volume doesn't necessarily mean a true bottom. A true reversal depends on the sustainability of the consolidation. Slow down to see the direction clearly.
6. Cryptocurrency trading isn't about candlestick charts, it's about market sentiment. Volume reflects consensus, price merely reflects emotion. Understanding trading volume allows you to time the market correctly.
7. And the most difficult—the highest level of trading is "nothingness." No greed, no fear, no haste; the ability to wait with an empty position, and also the ability to act decisively.
Winners in the crypto world are never the fastest to react, but those who can remain calm and patient.
It's a pleasure to meet everyone. Taishou focuses on futures and spot trading strategies. There are still spots available in our team. Follow us on our homepage to join the group and get on board quickly! We'll help you recover your losses and become a true winner.