The cryptocurrency market has surged from 50,000 to 3,580,000; just remember these few phrases!

1. Short-term trading

1. Focus only on the top ten mainstream cryptocurrencies daily, based on current market hotspots, news, daily MACD golden cross, BOLL tightening and expanding, combined with market trends, comprehensively consider and select highly volatile varieties for trading.

2. Manage your position well:

Divide 50,000 into 20%, which means 5 parts, take one part to build your position each time.

3. Never go all in; at most 50%, always leave 50% as a buffer for future opportunities.

4. Limit your trades to no more than 3 times a day; keep your hands in check.

5. Never average down; if you enter a position and it loses 30%, withdraw in time, as this indicates your entry point is incorrect.

6. Set a stop-loss at 30%; if it breaks, close your position unconditionally; do not hold onto losing trades, holding onto them will lead to demise.

7. Never fall in love with candlesticks; enter and exit quickly, remember!!!

8. Follow the trend; trend is king, only trade mainstream, not counterfeit small varieties!

2. Lifesaving mantras for the cryptocurrency market (recommended to memorize):

1. Don’t rush to exit during a morning drop; generally, there will be a rebound in the afternoon!

2. When there’s a big rise in the afternoon, reduce your position; there’s a high probability of a pullback at night!

3. If there’s a rise on low volume, it will continue to rise; if there’s a drop on low volume, it will continue to drop.

4. Major meetings or positive news will cause a rise, and once it lands, it will drop.

5. If there’s a continuous drop in the domestic market during the day, buy the dip; at night, at 21:30, foreigners will pump the market.

6. When buying and selling, the key signal is the spike; the deeper the spike, the stronger the buy and sell signal.

7. If you hold a heavy position, you will definitely face liquidation; why? You are on the exchange’s focus list for liquidations.

8. After your short position's stop-loss is completed, it will definitely drop; if it doesn't trick you into selling or liquidate you, how can it drop? For example, TRB.

9. When you are just about to break even, and it’s so close, the rebound suddenly stops; how can it let you exit?

10. When you take profit, it will pump; if you don’t exit, how will it rise? The position is too heavy.

11. When you are excited, a waterfall drop will arrive as expected; your excitement is also a trap set by the big players.

12. When you are broke, every project seems to be rising, making you FOMO, hurry to enter the market. So you understand, the market is manipulated with over 80% probability; besides controlling your position, you must also take the initiative, firmly refuse to enter before understanding the big players' operations; once you enter, you are the fish on the chopping board of the exchange. Trading is about patience, determination, and timing.