In the crypto world, growing from 50,000 to 3.58 million, just remember these few phrases!

1. Short-term

1. Focus only on the top ten mainstream cryptocurrencies every day. Based on current market hotspots, news, daily MACD golden cross, BOLL contracting and expanding, combined with market trends, consider comprehensively, and choose volatile varieties for trading.

2. Control your position well:

Divide 50,000 into 20%, which means 5 parts, and take one part for building positions each time.

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

4. Do not make more than 3 trades in one day, you must keep it under control.

5. Never average down. If you lose 30% after entering a trade, exit promptly, indicating that the entry timing is wrong.

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

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

8. Go with the trend; trends are king. Only trade mainstream, not small-cap alternatives!

2. Crypto lifesaving mantra (recommended to memorize)

1. Don’t rush to escape when there’s a big drop in the morning; usually, 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 retracement in the evening!

3. If there’s a low-volume rise, it will rise further; if there’s a low-volume decline, it will decline further.

4. Major meetings or positive news will lead to increases, but once they land, they will fall.

5. If there’s a continuous large drop during the day in the domestic market, it’s time to buy the dip; at 21:30 in the evening, foreigners will push the market.

6. The key signal when buying and selling is the pin bar; the deeper it goes, the stronger the buy and sell signals.

7. When you hold a large position, you will definitely face liquidation. Why? You are on the exchange’s watchlist for liquidation.

8. After your stop-loss on a short position is executed, it will definitely drop. If it doesn’t trick you out or blow up, how can it drop? For example, TRB.

9. When you are about to break even, just a little more, and then the rebound suddenly stops, how can it let you exit and run away?

10. When you take profit, it’s as if you’ve cashed out; if you don’t exit, how can they push the market? The weight of the car is too heavy.

11. When you are excited, a violent drop will come as expected; your excitement is also a bait from the market makers.

12. When you are broke, every project seems to be rising, making you FOMO, so hurry to enter the market. Hence, you understand that the market is manipulated more than 80% of the time; besides controlling your position, you must also act decisively. Be clear that you must not enter the market before confirming the market makers' actions; once you enter, you become the fish on the butcher's board. Trading is a battle of patience, determination, and timing.