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Every major dip tests people's resolve; behind every wealth-creating story lies countless blood, sweat, and tears.
Six years ago, I entered with full enthusiasm, holding only 30,000 yuan in savings, staring at the screen, thinking I had found the secret to wealth. It was only later that I realized this market can fulfill dreams but can also ruthlessly destroy them.
Today, I don't want to talk about any secret to making money; I just want to share a few survival rules hammered out with real money.
**Rule 1: Volume is the true way the market speaks**
Initially, I blindly trusted various technical indicators, only to be shaken out three times by false breakouts. It wasn't until later that I realized—candlestick charts can deceive, but trading volume won't.
A rapid rise followed by a slow fall is usually a signal of the main force accumulating; conversely, a sudden drop followed by a slow rise often indicates distribution. The most memorable was the market in September 2023, when Bitcoin plunged 20% in 24 hours, and altcoins halved in value, with panic spreading across the market. But careful observation at the bottom revealed huge volume, which was a signal. I decisively built positions in batches, and a month later, my account doubled.
An increase in price with no volume is always a trap, especially when it suddenly surges after a period of sideways movement at high levels—that's most likely the last frenzy.
**Rule 2: Flash crashes and rebounds are escape opportunities, not good times to buy the dip**
The word "buy the dip" taps into people's greed the most. I once rushed in when LUNA dropped 50%, only to watch it head to zero. Lesson learned with money.
The current rules are very rigid: use rebounds after flash crashes to escape, not to buy in. The market has its own rhythm; forcing entry will only make you the bag holder.