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In 2017, I started with 5,000 yuan, and now my account holds 38 million. Over these 8 years, I've experienced liquidations, massive drawdowns, countless anxious nights, and stepped into countless pits. The tuition fees I've paid are enough to save beginners ten years of detours.
But it is precisely because of these lessons that I have gradually developed a set of trading logic. This logic is not about stacking technical indicators, nor is it some complex quantitative model; it’s about understanding the essence of the market.
**Rule 1: During rapid rises and slow declines, never rush to act.**
Many people start to panic at the sight of a big rally. Actually, that’s mostly not a market top, but the market makers absorbing orders. The real warning sign is—after a volume surge and sharp rise, a sudden sell-off. That’s a harvesting signal. The difference is simple: the former is sideways consolidation, the latter is a straight decline.
**Rule 2: Don’t chase the bottom after a sharp decline and a slow rebound.**
After a flash crash, a small rebound may look tempting, right? Don’t fall for it. This is usually the last attempt by the main players to offload their holdings before a dump, making retail investors think "it can’t fall anymore." The market’s best skill is to crush hope.
**Rule 3: High volume at a high level is actually a good sign; low volume is dangerous.**
What does volume represent? It indicates that there are still players betting, that the market still has life. Conversely, if at a relatively high level there’s no volume, it means the big players have already left, and the market is just air and retail fantasies.
**Rule 4: Don’t be impulsive during a sudden surge in volume at the bottom; look for sustainability.**
A single-day spike in volume isn’t enough to indicate anything. The real signal of a trend start is sustained volume increase, especially after a long consolidation, which marks the true beginning of accumulation.
**Rule 5: Candlestick patterns are superficial; volume truly reflects reality.**
The rise and fall of prices fundamentally reflect market sentiment. And the most genuine expression of sentiment is in volume. Understanding volume is like feeling the market’s pulse.
**Rule 6: The highest realm is just one word—'Empty' (空).**
Without attachment, you can hold a position patiently; without greed, you can decisively take profits when it’s time; without fear, you can courageously build positions at the bottom. It sounds simple, but controlling your emotions is always much harder than understanding technical trends.
2920 days, I’ve transformed from a clueless rookie into who I am today. If I had to summarize an ultimate truth, it’s this: the ones who make big money are never the smartest, but the most patient. Opportunities are always there; what’s missing is true direction and resolve.