How to turn 5000 yuan into 5 million in the crypto world, just remember these few phrases, and you'll definitely drive a Mercedes home this year!

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 contraction and expansion, combined with market trends, comprehensively consider, and select high-volatility varieties for trading.

2. Control your position:

Divide 50,000 into 20%, which is 5 parts, and take one part each time to build a position.

3. Never be fully invested, at most 50%, always keep 50% as a reserve for future opportunities.

4. Do not exceed 3 trades in a day, manage your hands.

5. Never average down; if you enter at a loss of 30%, withdraw in time, which indicates that the entry timing is wrong.

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

7. Never fall in love with candlesticks; get in and out quickly, remember!!!

8. Go with the trend; trend is king, only trade mainstream, do not trade niche low-quality varieties!

2. Lifesaving mantras in the crypto world (suggested to memorize)

1. Don’t rush to escape when there’s a large 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, as there’s a high probability of a pullback at night!

3. If there’s a decrease in volume during an increase, it will continue to rise; if there’s a decrease in volume during a decrease, it will continue to fall.

4. Major meetings or positive news will usually lead to a rise; once confirmed, it will likely drop.

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

6. The key signal elements when buying and selling are spikes; the deeper the spike, the stronger the buy and sell signal.

7. When you have a heavy position, you will definitely get liquidated. Why? You are on the exchange's key focus list for liquidations.

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

9. When you are about to break even, just a little bit away, and the rebound suddenly stops, how could it let you close and run?

10. When you take profits, it will rally; if you don’t get off, how can it pump? The weight of the car is too heavy.

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

12. When you are broke, every project seems to be rising, making you FOMO, hurry to enter.

So you understand that the market is manipulated more than 80% of the time; besides controlling your position, you must also take the initiative. Clearly, do not enter the market firmly before understanding the big player’s operations; once you enter, you are the fish and the exchange is the butcher.