#数字资产市场动态 Eight Years of Live Trading: Trading Notes from 160,000 to 20 Million

A seasoned trader at 39 speaks with real numbers—over eight years, turning 160,000 into 20 million, holding three properties. No inside information, no gambling luck, just sticking to a trading method that most people overlook.

He summarized 6 market rules, each learned through painful lessons:

**Be cautious after rapid surges**
After a sharp increase in the coin price in a short period, the subsequent decline often signals market manipulation or shakeout, shedding floating chips; the real danger is a sudden straight drop after a volume spike, which is usually a trap to lure retail investors into buying before a dump.

**Beware of slow rebounds after a crash**
A sudden sharp drop followed by a slow rebound may look like recovery, but often it’s a trap; don’t be overly confident in "bottoming out" claims—market makers are playing a game of repeated harvesting.

**Watch for turning points with high volume at high prices**
Persistent high volume and oscillations at high prices may still push higher; but if trading volume suddenly dries up and the market becomes quiet, it’s often the calm before a big fall.

**Reliability of bottom volume**
A sudden surge in volume in a single day is usually a trap to lure buyers; a genuine rebound signal is a period of reduced volume to build a base, followed by a gentle, stable increase in volume as the market gradually recovers.

**Trading volume reflects market sentiment**
The essence of crypto trading is manipulating emotions. Candlestick charts can be faked, but volume is hard to deceive—it truly reflects changes in market consensus among participants.

**Mindset: Remove three emotions**
Eliminate obsession—stay calm, hold cash, patiently wait for real opportunities instead of blindly jumping in;
Eliminate greed—avoid chasing highs and over-allocating, prevent getting caught at the top;
Eliminate panic—have the courage to buy low when the market is extremely pessimistic.

Successful traders are never the fastest runners, but those who see the situation clearly and can control their desires.