How to turn 5000 yuan into 5 million in the cryptocurrency world, just remember these few sentences, this year you will definitely drive home in a Mercedes!

I. Short-term trading

1. Focus only on the top ten mainstream cryptocurrencies every day. Based on current market hotspots, news, daily MACD golden cross, and BOLL opening and closing, combined with market trends, comprehensively consider and select the highly volatile varieties to trade.

2. Manage your position well:

50,000 divided into 20% means 5 parts, take one part to build the position each time.

3. Never go all-in, at most 50%, always leave 50% as a reserve to wait for opportunities.

4. Do not make more than 3 trades in a day, you need to manage your hands.

5. Never add to a position. If you're down 30% when entering, withdraw in time. This indicates the timing of entry is wrong.

6. Set a stop-loss at 30%. If it breaks, close the position unconditionally. Don’t hold onto a position; holding onto a position will lead to death.

7. Never fall in love with K-lines, get in and out quickly, remember!!!

8. Go with the trend, trends are king, only trade mainstream, not small altcoins!

II. Lifesaving mantras in the cryptocurrency world (recommended to memorize)

1. Don’t rush to run away when there is a big drop in the morning; generally, there will be a rebound in the afternoon!

2. If there is a big increase in the afternoon, reduce your position, there is a high probability of a pullback at night!

3. If there is a decrease in volume and it rises, it will continue to rise. If there is a decrease in volume and it falls, it will continue to fall.

4. Major meetings or good news will always rise, but once it's realized, it will drop.

5. If there is a continuous big drop during the day in the country, buy the dip; at 21:30, foreigners will pull up the market.

6. The key signal for buying and selling is the pin bar. The deeper the pin, the stronger the buy and sell signal.

7. When you hold a heavy position, you will definitely get liquidated. Why? You are on the liquidation list that the exchange is focusing on.

8. When your short position's stop-loss is completed, it will definitely drop. If it doesn't trick you out or explode, how could it drop? For example, TRB.

9. When you're about to break even, just a little more, and the rebound suddenly stops, how could it allow you to close the position and run away?

10. When you take profit, it will pull up. If you don't get off the bus, how can it pull the market? The bus is too heavy.

11. When you are excited, a violent waterfall comes as expected; your excitement is also a lure from the operators.

12. When you are broke, every project is rising, making you FOMO, hurry up and enter. So you understand that the market is manipulated over 80% of the time. Besides managing your position, you must also be proactive. Clearly, don’t enter the market before knowing the operator's actions; once you enter, you are the fish on the butcher's block. Trading is a test of patience, determination, and timing. What other opinions do you have, fellow cryptocurrency friends? Feel free to discuss, thank you!