That day at three in the morning, the profit number on the screen froze at 820,000 U. I didn't cheer, nor was I in a hurry to cash out; I just stared at that string of numbers in a daze for half an hour. This money didn't excite me; instead, it felt like a heavy blow, knocking me back to my rented apartment in 2018—when I only had 4,300 U left in my pocket, slept on the floor for three days, and struggled every day over whether to cut my losses and leave the market.
Eight years have passed, and I've gone from a rookie to a seasoned player in this market, turning my account from 4,300 U into over 50 million. It wasn't due to insider information; it was the six survival rules earned through 2,000 days and nights of liquidation and insomnia. Today, I'm sharing all of them with you. Understanding one rule helps you avoid a major pitfall, and if you master three rules, you'll outperform 90% of retail investors.
Rule One: Volume is the pulse of the market; don’t sing against the market.
Slow rises and sharp falls often indicate big players are accumulating; there’s no need to panic and follow them to cut losses; however, a sharp rise followed by a slow decline should be treated with caution, as the top is often accompanied by a waterfall of volume. My biggest loss was during that incident in 2020, watching Bitcoin slowly climb, then suddenly a huge bearish candle came crashing down, and I was scared into closing my position. What happened next? It was just a washout, and it tripled afterward.
The real market movements are always quiet; those loud, dramatic rises and falls are mostly schemes by big players luring you into traps.
Rule Two: Don’t rush to catch bottoms during a flash crash; there are eighteen layers of hell beneath the abyss.
The sharper the drop, the slower the rebound; this indicates that large funds are withdrawing. Don’t hold the mindset of 'picking up bargains' to catch falling knives; I've seen too many people die on the road to catching bottoms. Do you remember the LUNA incident in 2022? It fell 50% on the first day, and some rushed in; it fell another 70% the next day, and again, some rushed in; the result was zero on the third day.
In the crypto world, living long is worth ten thousand times more than making quick profits. When you see blood flowing like a river, the best choice is to turn off the exchange and go out for a hot pot.
Rule Three: Low volume at high levels is scarier than high volume; when the KTV suddenly mutes, it’s never a good sign.
A large volume doesn’t necessarily signal a peak, but a low volume sideways movement at high levels is like a sudden change in music at a nightclub; the next second, security is sure to clear the place. This type of market tests human nature the most, as most people will be misled by the illusion of 'sideways movement is consolidation'.
My simple method is: if the daily line is above MA30, hold steady; if it falls below, get out. Don’t fall in love with the market. This ridiculously simple rule helped me avoid the three major crashes of 2023.
Rule Four: The bottom is discovered, not guessed.
The big players build their positions slowly, like an old lady stitching. A single large volume is mostly a trap, the truly reliable bottom signal is: a stable period with decreasing volume followed by a gentle increase in volume again. This requires immense patience, but it's worth it.
It’s like digging a well; you can’t dig one shovel in the east and another in the west. Decide on one place and dig straight down, and you will naturally find water.
Rule Five: Volume is more honest than candlesticks; numbers don’t lie.
Candlesticks are history; volume is the real-time sentiment indicator. Low volume fluctuations indicate retail investors cutting losses among themselves, while volume breakthroughs indicate big funds entering the market. Every day I review the market, I focus on three tasks: checking if the volume-price relationship is healthy, judging where the funds are flowing, and formulating the strategy for the next day.
Persist in writing three lines of trading diary every day: Why did I buy? Why did I sell? How can I improve next time? A month later, you will find you have gained a pair of 'x-ray glasses' in the market.
The ultimate mindset: In the end, trading cryptocurrencies is all about mentality.
After eight years of ups and downs, I've realized one principle: no obsession, no greed, no fear; when it’s time to cut losses, do it decisively. These twelve words seem simple, but they were earned through countless liquidation experiences.
Just like last year when I caught a hundred-fold coin, I took profits in batches at fifty-fold. Some laughed at me for being foolish, saying I left half the profits on the table. But I know very well that those who hold until the end often end up with empty hands.
There are no myths in the crypto world, only probabilities. Running ahead of emotions with discipline will result in the market rewarding you over time. If you are tired of chasing highs and cutting losses, try these simple methods - slow is fast, less is more; in this bloodthirsty market, surviving longer is the real skill. Follow Brother Bin for more first-hand information and accurate points in the crypto world, learning is your greatest wealth!
