In this ever-changing and unpredictable realm of cryptocurrency, I have navigated through ten springs and autumns. In 2015, I entered this mysterious and tempting world with 300,000 in funds and dreams of wealth. At first, fate seemed to smile upon me; the market soared like a rocket, and my assets quickly rose to over 3 million. In that moment, the joy of success clouded my judgment, and I arrogantly believed I was a natural trading genius. I resolutely quit my stable job and threw myself wholeheartedly into the wave of cryptocurrency trading, even going into debt to expand my investment territory, hoping to gain even greater returns from this wealth feast.
However, the heavens can be unpredictable, and the market's volatility was far more rapid and brutal than I had imagined. Soon, the cryptocurrency prices began to plummet like a train with no brakes. My assets evaporated like bubbles; not only were my previous profits completely consumed, but I also accrued heavy debts. To repay these debts, I had to painfully sell my house, plunging my family into an unprecedented crisis. My wife's complaints and my children's confusion put immense pressure on me, making me feel as if I were in a dark abyss with no glimmer of hope. The year 2017 became the darkest chapter of my life; within just a few months, I fell from the heights of glory to the depths of despair, and the immense psychological and financial pressure nearly drove me to collapse.
After countless nights of tossing and turning and painful reflections, I finally realized that to survive in the cryptocurrency world, I needed to change myself. By chance, I met a big player in the crypto space. One quiet afternoon, we shared tea and discussed the dynamics of the cryptocurrency market. Every word he spoke was like a sharp scalpel, precisely dissecting my past mistakes and awakening me from my stupor.
From that moment on, I embarked on a grueling journey of self-redemption. I eagerly studied various trading knowledge and delved into the laws and characteristics of the market. I began to carefully summarize the lessons learned from each trade, meticulously reviewing every operational detail, and resolutely discarding those erroneous trading methods and mindsets that had previously trapped me. Through continuous learning, summarization, and reflection, I gradually formed my own trading system.
During the trading process, I deeply realized the importance of seemingly simple yet often overlooked common sense. For example, when facing losses in cryptocurrency trading, I no longer blindly averaged down. In the past, like many others, I fell into extreme anxiety after being trapped and always tried to lower my holding costs by averaging down, hoping for a sudden market reversal. However, reality repeatedly told me that this approach was merely self-comfort, which not only failed to reverse the loss but also led me deeper into trouble. Now, I understand that the downward trend cannot be changed overnight, and averaging down must be approached with caution; it cannot be based solely on impulsive decisions.
Discipline in trading is also a bottom line I adhere to. In the past, I would always formulate a detailed trading plan before the market opened, but once I entered the market, I would be distracted by various unexpected market movements and news, easily abandoning my plan. Now, I know that if I cannot even execute my own plan, then trading is like blindly betting in a casino, ultimately leading to devastating losses. Therefore, regardless of the temptations and stimuli that arise in the market, I strictly execute my plan and never waver easily.
At the same time, I have also learned to control the frequency of my trades. After seeing those high-frequency traders, I thought they could quickly accumulate wealth, so I tried to emulate them. However, the result was contrary to my expectations; I found myself trapped in endless trading fatigue and losses. In contrast, those who treat cryptocurrency trading as a form of leisure, occasionally paying attention to the market and patiently waiting for opportunities, often manage to avoid significant losses, even without exceptional trading skills. Now, I understand that trading cryptocurrencies isn't better the more frequently it's done; patiently waiting for the right timing is key.
In terms of capital management, I have gained profound insights. Before having a stable ability to earn money, blindly increasing my account size only leads to greater risks. When losses occur, it is precisely the signal that there are issues with the trading system. At this point, I should stop to reflect and adjust, rather than trying to fill the void by increasing my position. Only after developing an effective method can I gradually increase my investment.
While missing out on opportunities can be regrettable, chasing after rising prices often leads to a more painful outcome of cutting losses. In the cryptocurrency market, I often encounter situations where currencies I once favored but did not buy suddenly surge. When I can't resist the temptation to chase them at high prices, I find the market reverses instantly, leaving me stuck at the peak. After multiple such lessons, I learned to choose the midpoint price as a reference, cautiously entering at lower levels, and avoiding blind chasing to prevent being caught at high prices.
Going with the trend is also a principle I always follow in trading. Market trends can be categorized into three types: upward, downward, and consolidating. I understand that in a downward trend, it is wise to either hold light positions or stay out of the market; in an upward trend, actively participating in trading can greatly increase success rates. Additionally, I will never easily touch cryptocurrencies that are still declining, as it is like catching a flying knife with bare hands—extremely risky. I will patiently wait for a significant bullish volume signal to appear, which indicates market stabilization, and then use right-side trading methods to gradually buy in.
Moreover, I also understand that I must never rely solely on research reports or rumors for trading. In the past, I would blindly buy certain cryptocurrencies based on so-called insider information or expert recommendations, only to find myself being manipulated by major players, becoming a bag holder. Now I know that most of the information that reaches ordinary retail investors' ears is often intentionally spread by major players, aimed at luring us in to take over their positions.
In my in-depth research of trading strategies, I discovered that trading volume is a very important indicator. Skilled traders can identify volume patterns to gain insights into market sentiment and future price movements. For instance, a surge in trading volume typically occurs at the end of long-term trends, potentially signaling market weakness; fluctuating volume can trap those who entered the market too early; pullback volume indicates market consolidation; volume breakouts suggest market recognition of the breakout. Additionally, there are many techniques for applying volume indicators in trading plans, such as comparing the number of options on bullish and bearish days, paying attention to volume when retesting support and resistance levels, searching for volume divergence phenomena, selecting volume indicators suitable for one's trading time frame, being wary of one-time volume spikes, and using increased volume to spot institutional activity. However, volume analysis strategies are not without flaws; they can be affected by market manipulation, lagging signals, false peaks, and price distortion. To mitigate these challenges, I combine volume analysis with other indicators and technical analysis tools to enhance the reliability of my trading strategies.
Now, although I can't yet claim to be extraordinarily wealthy, through my efforts and continuous learning, I have achieved stable profits, allowing me to steadily outperform over 80% of people in this highly competitive market. Reflecting on my ten-year journey in the cryptocurrency world, it has truly been a rollercoaster ride—from the initial entry with 300,000, to making tens of millions during the bull market, then experiencing setbacks and a significant reduction in assets, and finally achieving a comeback through reflection and summarization. At this moment, I am confidently waiting for the next bull market to arrive, with the goal of increasing my assets to three specific targets.
I fully understand that in the cryptocurrency world, filled with opportunities and challenges, there are no eternal winners or losers. As long as we continue to learn, summarize experiences, and adhere to trading discipline and common sense, we will surely find our own place in this realm. I hope my experiences can help many fellow investors, allowing everyone to avoid some detours and increase their chances of success in trading. If the previous losses due to lack of experience were a test of fate, then seeing my shared experiences now is an opportunity for you to change your destiny. Don't miss this chance; let us forge ahead together in the cryptocurrency world and create brilliance!#特朗普哈里斯辩论未提及加密货币
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