How to turn 5000 yuan into 5 million?

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 contraction and expansion, and combined with market trends, consider comprehensively, and select volatile varieties for trading.

2. Control your position well:

50000 divided into 20%, which is 5 parts, take one part for each trade.

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

4. Do not trade more than 3 times a day, keep it manageable.

5. Never average down; if you enter and lose 30%, exit promptly, it indicates the entry point is wrong.

6. Set a stop loss at 30%, if broken, close position unconditionally; do not hold on to losing positions, holding leads to death.

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

8. Go with the trend, trend is king, only trade mainstream, not imitation small varieties!

2. Cryptocurrency life-saving mantra (recommended to memorize)

1. Don’t rush to flee when there’s a major drop in the morning; usually, there will be a rebound in the afternoon!

2. When there’s a large rise in the afternoon, reduce your positions, the probability of a pullback at night is high!

3. If the volume decreases while rising, it will continue to rise; if the volume decreases while falling, it will continue to fall.

4. Major meetings or positive news will usually lead to a rise, but once it lands, it will drop.

5. When there’s a continuous large drop during the day in China, it’s time to bottom fish; at 21:30, foreigners will pump the market.

6. The key signal when buying and selling is the spike, the deeper the spike, the stronger the buy and sell signal.

7. When you hold heavy positions, you are definitely at risk of liquidation, why? You are on the exchange’s key focus list for liquidations.

8. When your stop loss for short positions 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 about to break even, just a little more, and the rebound suddenly stops, how can they let you close and flee?

10. When you take profits, the market will pump; if you don’t exit, how can they pump? The weight of your position is too heavy.

11. When you’re excited, a crash will come as expected; your excitement is also a bait from the manipulators.

12. When you are broke, every project seems to be rising, making you FOMO and hurry to enter. So you understand, the market is manipulated more than 80% of the time; besides controlling your position, you must also act decisively. Be clear that before the manipulators operate, you must resolutely stay out; once you enter, you are the fish on the chopping board for the exchange. Trading is a test of patience, determination, and timing.