Today, while having lunch with a friend, he shared a legendary journey that began with an investment of 400,000, hitting a low of only 80,000, and now accumulating assets to tens of millions. Throughout this journey, persistent learning and cognitive enhancement became the key to turning his fate around. He generously summarized five valuable insights to inspire every fortunate reader:
1. In the face of a sharp drop in early trading, calmness is key: Many times, this is just an overreaction to negative news from the previous night. Maintain patience and wait for the market to self-correct and reverse, rather than hastily cutting losses. Conversely, if there is a sharp rise towards the end of the trading session, it should be treated cautiously, as this may be a strategy by major funds to test the waters or lure in buyers, which often leads to a low opening the next day for accumulation.
2. Trading volume: The key to understanding the market: Trading volume is an important indicator of market activity and trend direction. A rise in price with decreasing volume often means strong control by major players and stable market confidence; while a drop in price with decreasing volume may suggest that panic selling is not yet over, the market bottom has not been formed, and the downtrend may continue.
3. Grasping the rhythm of sector operations: Sector trends often follow the five-wave theory, with each wave having its specific meaning and characteristics. In particular, the third wave, as the main upward wave, often has the largest increase. However, the market is changeable, and the five-wave structure may not always be complete, requiring flexible responses. When the leading sector shows signs of stagnation and the momentum for catch-up diminishes, one should be cautious of top signals.
4. The top of the market accelerates with sector rotation: Historical data shows that the acceleration period at the market top is often accompanied by significant surges in specific sectors' altcoins, which often indicates an impending market reversal. Observing whether the leading coins stop falling and start to rise can serve as an important reference for judging the subsequent market trends.
5. Focus and mastery: For newcomers to the cryptocurrency space, concentrating on a single trading strategy and deeply researching it until proficient is far more effective than superficially learning multiple methods. Trying to do too much at once can lead to confusion, and frequently switching trading modes only increases the likelihood of making mistakes. Only by being patient and progressing step by step can one gradually achieve stable profits, expand learning boundaries, and integrate strategies.
Finally, I remind all investors to maintain risk awareness, conduct rational analysis, and make prudent decisions while pursuing high returns. Follow my homepage to receive free bullish layout strategies daily and embark on a journey to wealth!#财富自由