Last week I had local cuisine with Uncle An, who is 42 years old from Shanghai. He picked up a piece of braised pork, smiled, and said: “This year the rent has again reached 2.8 million, and the cryptocurrency account is just for retirement, no rush.”
Seven years ago, Uncle An invested 500,000 in a house down payment and entered the cryptocurrency market. Now his assets have multiplied by a hundred times, yet he remains low-key, riding an electric bike to the market every day.
I followed his trading records for 3 years and summarized 6 rules he learned from trading with real money, which hit the pain points of retail investors:
1. Don't panic during slow rises and rapid falls; it's big funds accumulating;
2. A weak rebound after a sharp drop means to decisively liquidate to avoid going to zero;
3. High volume at peaks is not the end; shrinking volume and steady decline are signs of real exits;
4. A bottom must be verified three times with volume; don’t be the cannon fodder for the market makers’ tests;
5. The essence of cryptocurrency trading is a game of human nature; candlestick charts are costumes, and trading volume is the truth;
6. The highest realm is to hold coins in hand, but have no coins in heart, enduring temptation in a bear market.
Follow me @安叔复利之路 , and I will continue to share Uncle An's practical insights, helping to avoid the pitfalls that retail investors must face.