Crypto Survival Diary: From 6,000U to an Eight-Digit Account – 9 Practical Lessons Without Textbooks

The market is specifically “teaching” those who are overconfident. Only the right trading rhythm can help you survive. Hello everyone, I am Bin. Today, I will get straight to the core value. These are the experiences I have paid for with real money on my journey from 6,000U to when my account hit eight figures. This market is not short of smart people, only lacking traders with enough resilience to weather the storms.

1. Sideways Movement Is Gold, Shock Drop Is Opportunity I increasingly prefer periods of sideways market movement. Narrow ranges may frustrate many, but they are often times of energy accumulation. Like compressing a spring: the longer you compress, the stronger the rebound. Conversely, vertical rises and falls may seem exciting, but they often are “scythe” harvests for new investors. The best selling points usually appear when market temperature explodes and everyone rushes to buy. Experience: Prolonged sideways → monitor accumulation, prepare a plan. Shock increase – large volume → prioritize partial profit-taking.
2. Slow and Steady Growth Is the True Trend A sustainable trend is usually “pushed” up by a series of small, consistent green candles. Giant green candles with sudden volume spikes are often short-term peak signals. Iron rule: Strong upward candles are for selling, not for chasing. See a 30% increase in a day? Take partial profits, absolutely do not chase.
3. Breakout and Retest Are Golden Tests After a breakout, the price will retrace for a retest. The key is the depth of the retracement: Light retracement, support not broken → strength remains. Deep fall, breaking important levels → be cautious. Strategy: Retracement without breaking old highs → can increase position. Breaking critical levels → observe, do not buy the dip when the price is falling.
4. Acceleration Phase Is a Signal to Exit When the trend enters an almost vertical acceleration phase, crowd emotions peak. This is the most attractive but also the most dangerous time. Discipline: Rapid fall → exit quickly, do not hold onto hope. Slow rise → assess trend durability.
5. Price-Volume Relationship Tells the Truth Rapid decline with no volume → usually a shakeout. Slow decline with high volume → real capital outflow. I always analyze volume daily. When I see prices gradually slide and volume remains high, I reduce my position immediately, not “force it.”
6. Moving Averages Are the Lifeline of Waves I follow three lines: EMA12, EMA26, and MA200. Price crossing and holding above these lines → trend favoring signals. No need to predict exact points, just follow the direction. The goal of moving averages is to identify the trend direction, not to predict peaks and bottoms.
7. Combine Day and Month to Read Capital Flow Intentions Looking only at daily frames can be misleading. Combine with monthly frames to see the big trend: Monthly in an uptrend channel → retracement days are opportunities. Monthly in a downtrend channel → rebound days are risk reduction opportunities. Don’t let short-term volatility cloud your long-term vision.
8. New Highs Without Volume Are Traps A new high with insufficient volume → very likely a trap for a rise. A healthy breakout requires gradually increasing volume and sustained momentum. Price and volume must agree.
9. Exhausted Volume and New Bottoms Can Be Bottoms When the price forms a new bottom but volume sharply decreases, selling pressure has been exhausted. If volume then returns and the price recovers, that’s often a good entry point. Old rule but true: Low volume – price hits bottom. My Honest Advice In this market, opportunities are plentiful. What’s lacking are those who stay long enough to wait for opportunities. Stability and persistence are more important than getting rich quickly because this is a long-term game. I was once a beginner, paid a very high “tuition fee.” Every lesson learned was paid for with real money. Don’t try to go alone in the storm of information—build your own system, discipline, and trading rhythm. Remember: Rhythm is more important than prediction. Survival is more important than profit. Keeping these two in mind, you have already outperformed most market participants. Wishing everyone calm, disciplined, and persistent trading.