Korean crypto trader who turned $5K into $300M says skip rallies, buy the dips

AOA, a pseudonymous trader from South Korea who is said to have grown under 5,000 USDT into nearly 300 million USDT by 2024, held a brief Q&A on a local online forum. CoinNess has summarized them into the following key takeaways: 1. Technical analysis remains valid, but macro factors now guide trading decisions. 2. Ethereum (ETH) is viewed as too expensive to buy at current levels. 3. The unchanging rule of trading is risk management. 4. No altcoin positions, though a pump could occur if the bull run continues. 5. Institutional inflows have reduced the number of retail success stories. 6. Since April, markets have seen record gains; prefers buying dips to chasing rallies. 7. AUM peaked at 340 billion won ($245 million) in early 2022, dropped to 130 billion won ($93.6 million) in 2023 and has largely recovered. 8. The best entry points may already be gone; buy when cheap, sell when overpriced.