My name is Lao Wang, I am 35 years old, rooted in Chengdu, with two properties—one for myself and one rented out.

What truly changed me was that decision in 2015. I took out 50,000 yuan of savings and started playing with cryptocurrencies. Up to now, that money has multiplied dozens of times.

There’s nothing mysterious about it, no shortcuts, and certainly no such thing as getting rich overnight. I rely on a set of "most straightforward logic" that I’ve developed over the past 10 years through repeated pitfalls and reviews.

Today, I’m sharing these experiences mainly in hopes of helping you avoid the traps I’ve fallen into.

Out of these six points, truly understanding just one can help you lose ten thousand yuan less; if you can actually follow three of them, your level already surpasses most people in the market.

**First: The opposite of a crazy surge is often a shakeout. Don’t run at the slightest increase.**

When the market starts to rise, many people can’t wait to get out. But the problem is, sometimes the main force is just shaking out. They push the price up first, then sideways, tormenting your mindset until it collapses, and finally shake you out. The most terrifying situation is when it hits the top and suddenly crashes down, with heavy volume dumping. That’s the real kill.

**Second: Don’t rush to enter after a sharp decline. The idea that "it’s fallen a lot" is the most dangerous.**

Never be fooled by the depth of the decline. The bottom of the coin market isn’t something you come up with in your head; it’s hammered out with cash. Rapid drops followed by small bullish candles oscillating repeatedly? That’s not an opportunity, it’s a trap.

**Third: High volume during a rally isn’t necessarily good; the most dangerous is when volume disappears.**

If the price rises and there are still traders playing, at least the market is alive. But if after reaching a high point, the volume suddenly drops and the price stiffly hangs there without moving—then it’s dangerous. No trading activity is a true death signal.

**Fourth: Don’t get too excited about a big bullish candle at the bottom; look for continuity to be more reliable.**

A single large bullish candle with high volume? Don’t get excited. It might just be a fishing line. What does a real upward move look like? Usually, after a period of low-volume consolidation, there are several days of sustained volume. Take it slow, confirm again—that’s the safe approach.

**Fifth: Volume is the real voice; candlesticks are just the shell.**

How the coin price moves ultimately depends on volume. Candlesticks show what has already happened; volume reveals the true intentions of the big players. Focusing only on candlesticks without considering volume is like driving blindfolded.

**Sixth: Learning to hold a vacant position is a hundred times harder than adding to your position.**

If you can’t control yourself, you’ll eventually blow up. Being able to resist trading is true skill. The less you trade, the higher your chances of winning. Holding a vacant position itself is a form of martial arts.

The market is active every day; the rhythm depends entirely on your mental adjustment.

Opportunities in the crypto world are never lacking; what’s missing is the wisdom to "slow down." The pitfalls I’ve walked through and the mines I’ve stepped on—now it’s your turn.