6 Cryptocurrency Trading Rekt Summaries: Didn't Make Money? Only Because You Didn't See Through These Pits.

Rule One: Don't panic and run during a quick rise or slow fall; be patient and wait for the market to change.

I once witnessed a significant surge in coin prices with a large bullish candle rising by 30% in the early morning. My fingers were trembling with excitement, thinking I was going to make a fortune. But before the excitement wore off, the coin price started a continuous decline, and my account quickly filled with green lights. Eventually, I couldn't hold on any longer and had to cut my losses and exit. I didn't expect that just a week later, the coin price would double, and only then did I realize it was the "whipsaw trap" set by the market makers—rapid increases are bait to attract retail investors, while slow declines are a tactic to wear down patience. Only by staying calm and not following the crowd can one wait for the real bullish market.

Article 2: Don't catch the falling knife, blindly entering the market will definitely get you trapped.

Do you remember the day when the coin price halved? I was staring at the screen, thinking it had dropped to the "floor price," and rushed in to "pick up cheap coins," only to fall into the pit of "eighteen layers of hell beneath the floor." Later, I understood that a sharp drop is a signal of panic selling, while a slow rebound is merely a trick by the market makers to lure more buyers; they pull up the price while selling off their holdings, and the halfway mark is always crowded with retail investors blindly chasing the highs. If one really wants to buy at the bottom, they should wait until the price shows continuous volume and stabilizes at support before taking action; otherwise, it's better to stand aside and watch the show.

Article 3: Exit the position at high levels with low volume; a quiet market hides risks.

When the coin price surges to a high, the most important thing to be wary of is a lack of trading activity. I encountered similar peaks twice: once with a surge in volume, I chose to hold my position and later made a 40% profit; another time, the trading volume suddenly disappeared, and the market became as silent as a disco hall without power. I was reluctant to exit, resulting in a loss of half my principal within three days. Trading volume is the "popularity" of the market; at high levels where no one is buying, any slight disturbance can lead to a crash, so exiting in time is the wise choice. #非农就业数据来袭