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Ten years of ups and downs in the crypto market, I started with 120,000 and gradually grew to hundreds of millions. During this time, I stepped into countless pits and seized a few real opportunities. All the lessons learned have been condensed into six principles—they saved me and became my amulet for surviving in this market.
**Understanding the Game Rules of Capital**
Opportunities are never obvious; they hide within the rhythm of price movements. When you see a trend that is "ferocious in rise, gentle in fall," nine times out of ten, it’s the big players quietly accumulating by pushing the price down. Those who follow at this time usually end up making money. Conversely, if the pattern is "sharp decline but weak rebound," it indicates large funds are fleeing, and you must exit immediately. Recognizing these two rhythms clearly will prevent you from being shaken out and avoid foolishly trying to bottom fish during a decline.
**Volume Speaks More Than Candlesticks**
Volume is like the market’s breath. A sudden huge volume on a single day at a high level? That could mean intensified disagreement between bulls and bears. But if the volume remains sluggish over time, it’s safe to say this trend is nearing its end. A single spike at the bottom is often just a tentative buy; a real turning point requires "continuous gradual increase in volume"—this indicates a new market consensus is being built layer by layer. Volume is always more honest than price; this has been my deepest insight after ten years of trading.
**Charts Reflect Human Sentiment, Not Numbers**
Candlestick charts and various indicators—they don’t record the price itself, but the emotions of everyone in the market. Fear and greed take turns playing out on these charts. True technical analysis isn’t about mechanically reading signals but about feeling the collective mood of the market through the charts. Ask yourself: Is this a panic moment or a frenzy? The answer determines your next move.
**The Highest Realm of Practice is "Nothing"**
This is the hardest lesson to master. "Desireless"—not greedily chasing every small rise; "Fearless"—remaining rational even during a crash; "Non-attachment"—completely clearing out when it’s time to exit, not hesitating to cut losses. Easy to say, hard to do—how many hurdles must be overcome? The greatest profits come precisely from two moments: one, your calmness during market madness; two, your patience during market despair.
**Cycles Are the Iron Law, Not Advice**
Bull markets inevitably turn into bear markets, and bear markets into bull markets. This is not prediction but a rule. So, the task in a bull market is to realize profits and secure gains; in a bear market, it’s to learn quietly and lay out ambushes. Use truly cycle-proof capital for medium- and long-term allocations, and use idle funds for swing trading—only then will you always be qualified to wait for the next spring.
**The Real Enemy Is in the Mirror**
The market is a mirror—it reflects everything about you—fear, greed, luck. You can’t escape any of it. All external good news or bad shocks ultimately turn into results through your emotions and execution. The secret to stable profits isn’t prediction but repeatedly conquering the demons within your mind.
In the past, I blindly stumbled in the dark, getting battered and bloodied. Now, it’s different—I hold the light. These six principles are the light in my hand. Compared to complex technical indicators, they are the most fundamental things.
The light is always on. Do you want to follow?