Two thousand days and nights of blood and tears summary: The root of not surviving the market is never about not understanding the charts.
Most people get wrecked in a market cycle, and the issue is never about not deciphering the whales' tactics, but rather an inability to control their own hands.
Here are six rules, hard-earned from over two thousand days and nights, that could save your trading life, logic defies intuition, yet each is heart-wrenching:
1️⃣ Rapid rise and slow fall doesn't necessarily mean it's the top.
A quick surge followed by a gradual pullback is often just the big players washing out positions, don’t blindly panic and cut losses.
2️⃣ Rapid drop and slow rise, never try to catch the bottom.
A sharp decline followed by a slight recovery might seem like a bargain, but it's usually just the big players offloading at the tail end; don't be misled by the low-price illusion. $ALT
3️⃣ High volume at a peak still has game opportunities, while low volume consolidation is a crisis.
High volume at a peak indicates that funds are still in play; once you see low volume consolidation at a high, that calm is often the precursor to a big drop.
4️⃣ A single high-volume bullish candle doesn't count as a bottom reversal.
True bottoms take time to form; several days or even weeks of sustained high volume is a signal for accumulation; a solitary bullish candle is mostly just a trap to lure in buyers. $FIL
5️⃣ Price is the outcome, volume is the essence.
Don’t get hung up on the surface moves of the candlesticks; volume reflects the true sentiment of the bulls and bears.
6️⃣ Understanding when to stay in cash is the mark of a true trading expert.
Being in cash isn’t weakness; it’s the confidence of not chasing highs or panicking. Let go of your obsessions, and trading can profit you rather than drain you.
The market is never short on opportunities, but what’s lacking is patience and discipline.
Newbies avoid pitfalls, veterans break through, follow Yan Jie, refuse to be the fodder, and steadily enhance your trading knowledge.
#币圈生存法则 #币圈干货 $BTC $ETH $BTC
Most people get wrecked in a market cycle, and the issue is never about not deciphering the whales' tactics, but rather an inability to control their own hands.
Here are six rules, hard-earned from over two thousand days and nights, that could save your trading life, logic defies intuition, yet each is heart-wrenching:
1️⃣ Rapid rise and slow fall doesn't necessarily mean it's the top.
A quick surge followed by a gradual pullback is often just the big players washing out positions, don’t blindly panic and cut losses.
2️⃣ Rapid drop and slow rise, never try to catch the bottom.
A sharp decline followed by a slight recovery might seem like a bargain, but it's usually just the big players offloading at the tail end; don't be misled by the low-price illusion. $ALT
3️⃣ High volume at a peak still has game opportunities, while low volume consolidation is a crisis.
High volume at a peak indicates that funds are still in play; once you see low volume consolidation at a high, that calm is often the precursor to a big drop.
4️⃣ A single high-volume bullish candle doesn't count as a bottom reversal.
True bottoms take time to form; several days or even weeks of sustained high volume is a signal for accumulation; a solitary bullish candle is mostly just a trap to lure in buyers. $FIL
5️⃣ Price is the outcome, volume is the essence.
Don’t get hung up on the surface moves of the candlesticks; volume reflects the true sentiment of the bulls and bears.
6️⃣ Understanding when to stay in cash is the mark of a true trading expert.
Being in cash isn’t weakness; it’s the confidence of not chasing highs or panicking. Let go of your obsessions, and trading can profit you rather than drain you.
The market is never short on opportunities, but what’s lacking is patience and discipline.
Newbies avoid pitfalls, veterans break through, follow Yan Jie, refuse to be the fodder, and steadily enhance your trading knowledge.
#币圈生存法则 #币圈干货 $BTC $ETH $BTC