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In the past 3 years and 5 months, a Crypto Assets trader has, through persistent effort, increased a principal of 50,000 USDT to an astonishing 56,490,000 USDT. This trader emphasized that his success was not reliant on insider information or riding a special bull run, but rather achieved through continuous practice of a 'dumb method'.
The trader summarized his experience into six core principles, which he believes are crucial for success in the Crypto Assets market:
1. Market Analysis: When the price rises rapidly but falls slowly, it usually indicates that large funds are accumulating positions. In this case, one should not sell easily. On the contrary, a true peak is often accompanied by a sharp decline after a large volume of trading.
2. Downtrend Identification: If the price drops quickly but recovers slowly, it is likely that large funds are gradually exiting. In this case, do not easily assume that the bottom has been reached.
3. The importance of trading volume: At high levels, if there is still a large amount of trading occurring, there may be further room for a rise. However, if trading volume suddenly decreases at high levels, it may indicate an imminent significant drop.
4. Bottom signal judgment: A single large transaction may be misleading. Only when there are large transactions for several consecutive days, especially after a period of low trading volume fluctuations, can it be a true accumulation signal.
5. Sentiment Analysis: Crypto Assets trading is largely influenced by market sentiment, which is often reflected in trading volume. Price trends are the result, while trading volume is the true indicator of market sentiment.
6. Mindset Management: The highest level traders should be able to achieve 'nothing' – without attachment, without greed, without fear. This is not indifference to the market, but a highly rational trading mindset.
This trader ultimately emphasized that there are many opportunities in the Crypto Assets market, but the real challenge lies in controlling one's emotions and clearly assessing market conditions. The key to success is not only in identifying opportunities but also in having the right guidance and a clear direction.