2 years from 100K to 1.5M | No myth, I relied on perseverance
Two years ago, I entered the market with 100K, not a rich second generation nor insider knowledge, just relying on hard work with K-lines and mindset, rolling to 1.5M in two years.
Now I finally understand, there’s no such thing as getting rich overnight in the crypto world, it’s all skills honed and mindset forged over time. Today I’ll share six insights gained from real money spent, new sister traders must take note!
1. Don’t panic and cut losses during a sharp rise and slow fall! It’s the institution “eating the market”
A sudden spike followed by a slow decline isn’t a peak! It’s likely shaking you out of your position. A true top is a “sharp rise + waterfall,” that’s the final harvest signal.
2. Don’t catch the bottom during a sharp fall and slow rise! It’s the institution “offloading”
A sharp drop followed by a slow rebound? Don’t think it’s an opportunity! This is often the last cut, don’t be fooled by the illusion of “quickly hitting the bottom,” catching the bottom halfway up the mountain is the worst.
3. Don’t panic when volume increases at the top, low volume is when you should run
High volume at elevated levels isn’t necessarily a peak, there may still be a second wave of market. What’s truly scary is a sudden drop in volume, as desolate as a ghost town, that’s the precursor to a crash!
4. Don’t rush during increased volume at the bottom, sustained volume is reliable
A single large bullish candlestick with volume? It’s likely a false move! After a period of low volume consolidation, if it can continue to gently increase in volume, that’s the true signal for building a position, steady and precise entry.
5. Understanding volume means you understand market sentiment
Candlesticks are the result, volume is the story behind it! Volume contraction = no one is playing, the market is cold; volume explosion = capital is entering, the heat is on. Volume reflects human sentiment.
6. Experts are all practicing the principle of 'nothingness'
No attachment: stay in cash when needed, don’t stubbornly fight the market;
No greed: don’t chase coins that are skyrocketing, earn the money within your understanding;
No panic: have the courage to buy when prices hit the bottom, don’t let emotions lead you astray.
Finally, a word of truth:
The market is never wrong, only our judgment is. In the crypto world, you don’t need to predict the future; if you can maintain your mindset and survive to the next market cycle, you’ve already won half the battle!
