In 2017, I entered the crypto world with 2,000 RMB. Now my holdings have already rolled up to A8.
Over these years, I’ve experienced liquidation, drawdowns, staying up late, and anxiety. The pitfalls I stepped into and the tuition fees I paid ultimately led me to understand six iron laws.
Understanding each one can help you lose 100,000 less; truly grasping three can help you avoid 90% of traps.
First Law: When prices surge quickly but fall slowly, don’t panic-sell.
More often than not, it’s not a top—it’s the market maker accumulating. What you should actually fear is after a high-volume, sharp rally, when it quickly gets slammed down—that’s the harvesting signal.
Second Law: When prices drop sharply but rebound slowly, don’t try to bottom-pick.
After a flash crash, the small bounce is often the appearance of strength before distribution. Don’t be fooled by the illusion that “it can’t keep falling.” The market specializes in exploiting people’s luck-based mindset.
Third Law: High-volume moves at the top are not necessarily bad—low volume is the most dangerous.
If there’s volume, it means the battle is still ongoing. Without volume, it indicates the main players have left, and the market is left with nothing but air.
Fourth Law: Don’t get impulsive when volume spikes at the bottom—watch for sustainability.
A one-day blowout volume doesn’t mean a real start. Only continuous high volume—especially after consolidation—can be considered a genuine accumulation signal.
Fifth Law: Candlesticks are just the surface; volume is the truth.
Coin price is merely a projection of sentiment. Only by reading volume can you truly understand the market.
Sixth Law: The highest level of practice is “having none.”
Without attachment, you can wait with an empty position. Without greed, you dare to take profits. Without fear, you have the courage to enter.
Controlling emotions is harder than understanding the trend.
After eight years—from blind to composed—I used 2,920 days to arrive at one conclusion:
The people who truly make money are never the smartest ones, but the ones with the most patience.
You’re not short on opportunities—you’re short on direction.
Follow MiGe. No hype, no empty promises—only real-world experience that helps you survive in this space. If you’re still losing repeatedly and restarting again and again, come talk to me—I’ll teach you how to make trading simple.
Over these years, I’ve experienced liquidation, drawdowns, staying up late, and anxiety. The pitfalls I stepped into and the tuition fees I paid ultimately led me to understand six iron laws.
Understanding each one can help you lose 100,000 less; truly grasping three can help you avoid 90% of traps.
First Law: When prices surge quickly but fall slowly, don’t panic-sell.
More often than not, it’s not a top—it’s the market maker accumulating. What you should actually fear is after a high-volume, sharp rally, when it quickly gets slammed down—that’s the harvesting signal.
Second Law: When prices drop sharply but rebound slowly, don’t try to bottom-pick.
After a flash crash, the small bounce is often the appearance of strength before distribution. Don’t be fooled by the illusion that “it can’t keep falling.” The market specializes in exploiting people’s luck-based mindset.
Third Law: High-volume moves at the top are not necessarily bad—low volume is the most dangerous.
If there’s volume, it means the battle is still ongoing. Without volume, it indicates the main players have left, and the market is left with nothing but air.
Fourth Law: Don’t get impulsive when volume spikes at the bottom—watch for sustainability.
A one-day blowout volume doesn’t mean a real start. Only continuous high volume—especially after consolidation—can be considered a genuine accumulation signal.
Fifth Law: Candlesticks are just the surface; volume is the truth.
Coin price is merely a projection of sentiment. Only by reading volume can you truly understand the market.
Sixth Law: The highest level of practice is “having none.”
Without attachment, you can wait with an empty position. Without greed, you dare to take profits. Without fear, you have the courage to enter.
Controlling emotions is harder than understanding the trend.
After eight years—from blind to composed—I used 2,920 days to arrive at one conclusion:
The people who truly make money are never the smartest ones, but the ones with the most patience.
You’re not short on opportunities—you’re short on direction.
Follow MiGe. No hype, no empty promises—only real-world experience that helps you survive in this space. If you’re still losing repeatedly and restarting again and again, come talk to me—I’ll teach you how to make trading simple.