Eight years of experience. I went from a factory line worker in the south to where I am today. My monthly salary back then was only 3,000 yuan, living in a six-person dormitory, and a 12-yuan box meal with an egg could take half a day’s earnings. After saving for more than half a year, I entered the crypto world with 8,000 yuan — and I was immediately overwhelmed.
Now I’ve settled in Shanghai, and the figures in my account have long surpassed what I once imagined. But this isn’t luck; it’s the result of four survival rules I’ve learned after being beaten down by the market four times, trading real money for real lessons. Today I’ll share these practical tips so that even beginners can understand at a glance.
**Rule 1: Don’t panic over "slow dips" after rapid rises; "flash crashes" are signals to escape**
The biggest loss came from a series of trades with SOL. After SOL rose 20%, it started to decline gradually. Seeing the situation was off, I panicked and sold everything — then it surged another 50%. I jumped up from my seat. Later, there was another time when SOL skyrocketed 30% in half an hour, followed by a flash crash. I sold immediately without hesitation, avoiding a subsequent 40% plunge.
Here’s a key distinction: a "slow dip" after a rapid rise is usually market manipulation to shake out retail investors. But if there’s a sudden "flash crash" after a rapid increase, it’s likely that funds are fleeing en masse. Don’t be shaken out by fluctuations, but don’t hesitate when you see a flash crash — act quickly.
**Rule 2: No volume during sideways trading at high levels is a danger signal**
ETH once traded sideways at high levels for an entire week, with volume decreasing day by day. I was greedy, thinking "just hold on a little longer," but in the end, it halved in a week, losing me 30,000 yuan. I later realized: low volume at high levels indicates big funds are quietly withdrawing, leaving only retail investors dreaming. At such times, instead of praying, it’s better to cut losses quickly.
**Rule 3: Don’t rush to bottom; wait for "shrinking volume sideways + volume spike with three consecutive red candles" signals**
After BNB fell 25%, it rebounded 10%. I thought the bottom was in and went all in, only to be trapped for half a year. The real reliable bottom isn’t just any rebound, but a period of shrinking volume sideways trading followed by a sudden surge in volume with three consecutive rising red candles. When this pattern appears, it’s the safe time to buy in.
Over the past four years, these rules have saved me countless times. The market always tests human nature. Understanding the logic behind the rises and falls allows you to survive longer.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
5
Repost
Share
Comment
0/400
ConfusedWhale
· 01-04 09:42
Buying a house in Shanghai from 3000, this story is incredible, and the key is that it also summarizes a methodology.
The flash crash part makes sense; I’ve also experienced the embarrassing moment of being shaken out by a washout.
That high-volume contraction was really painful to listen to; losing 30,000, this lesson is truly costly.
This set of logic sounds reliable, but what I fear most now is still misjudgment.
Bottom-fishing signals indeed require patience; not every rebound is hope.
View OriginalReply0
AirdropHunter420
· 01-03 11:50
Damn, that wave of SOL operations was really outrageous. I also learned to run after being hit by a flash crash.
Going from a 3000 monthly salary to settling in Shanghai is truly impressive, but honestly, these rules sound easy to follow, yet it's really hard to maintain the mindset.
I also got caught in the sideways movement with no volume at high levels; watching the price cut in half was really painful.
I've waited for the Red Three Soldiers pattern before, but it's often a false signal. Anyway, the crypto world is just a battlefield of human nature.
That initial capital of 8000 yuan, I really dare to do it. At that time, I was stunned by the crash and only a few people persisted.
To put it simply, it's still about cutting losses quickly. Greed for just one second and your account is gone.
View OriginalReply0
MergeConflict
· 01-03 11:50
From the assembly line to crypto millionaires, this story sounds just like a pyramid scheme pitch.
That 30,000 yuan cut in half really hurt me.
I deeply understand the situation of a high-level no-volume, just holding on and waiting for a rebound, only to get wiped out.
I support the idea of a flash crash escape, but if your reaction is a half-second slow, you'll be the one to pay the price.
I've tried bottom-fishing for the red three soldiers, but it's still easy to misjudge; the market loves to go against expectations.
It's all well and good to say, but in reality, it's survivor bias—90% of those who died didn't have the chance to write articles.
View OriginalReply0
MaticHoleFiller
· 01-03 11:48
The moment of flash crash really requires speed, decisiveness, and accuracy. Hesitation means failure.
Spent 8,000 yuan entering the crypto market and got hammered, this start is quite real haha.
Shrinking volume at high levels is a death signal, I've fallen into that trap too.
The Red Three Soldiers signal is indeed reliable, tried it several times and it worked well.
You dodged that SOL wave well, I went all in and got trapped for three months.
Slow decline and flash crash are really two different things, most people can't tell the difference.
Stop-loss sounds simple but is extremely difficult to implement, I always want to hold on a bit longer.
I also got caught in that BNB wave, bottom fishing is the easiest way to get greedy.
The market's lessons can be a bit costly, but they definitely help you survive longer.
Understanding volume is key to knowing why retail investors are always being cut.
View OriginalReply0
PumpDetector
· 01-03 11:32
ngl the SOL flashcrash thing hits different when you've been burned before... volume doesn't lie fr fr
Eight years of experience. I went from a factory line worker in the south to where I am today. My monthly salary back then was only 3,000 yuan, living in a six-person dormitory, and a 12-yuan box meal with an egg could take half a day’s earnings. After saving for more than half a year, I entered the crypto world with 8,000 yuan — and I was immediately overwhelmed.
Now I’ve settled in Shanghai, and the figures in my account have long surpassed what I once imagined. But this isn’t luck; it’s the result of four survival rules I’ve learned after being beaten down by the market four times, trading real money for real lessons. Today I’ll share these practical tips so that even beginners can understand at a glance.
**Rule 1: Don’t panic over "slow dips" after rapid rises; "flash crashes" are signals to escape**
The biggest loss came from a series of trades with SOL. After SOL rose 20%, it started to decline gradually. Seeing the situation was off, I panicked and sold everything — then it surged another 50%. I jumped up from my seat. Later, there was another time when SOL skyrocketed 30% in half an hour, followed by a flash crash. I sold immediately without hesitation, avoiding a subsequent 40% plunge.
Here’s a key distinction: a "slow dip" after a rapid rise is usually market manipulation to shake out retail investors. But if there’s a sudden "flash crash" after a rapid increase, it’s likely that funds are fleeing en masse. Don’t be shaken out by fluctuations, but don’t hesitate when you see a flash crash — act quickly.
**Rule 2: No volume during sideways trading at high levels is a danger signal**
ETH once traded sideways at high levels for an entire week, with volume decreasing day by day. I was greedy, thinking "just hold on a little longer," but in the end, it halved in a week, losing me 30,000 yuan. I later realized: low volume at high levels indicates big funds are quietly withdrawing, leaving only retail investors dreaming. At such times, instead of praying, it’s better to cut losses quickly.
**Rule 3: Don’t rush to bottom; wait for "shrinking volume sideways + volume spike with three consecutive red candles" signals**
After BNB fell 25%, it rebounded 10%. I thought the bottom was in and went all in, only to be trapped for half a year. The real reliable bottom isn’t just any rebound, but a period of shrinking volume sideways trading followed by a sudden surge in volume with three consecutive rising red candles. When this pattern appears, it’s the safe time to buy in.
Over the past four years, these rules have saved me countless times. The market always tests human nature. Understanding the logic behind the rises and falls allows you to survive longer.