How to Quickly Turn 5000 Yuan into 5 Million in the Crypto World
To turn 5000 Yuan into 5 Million in the crypto world, just remember these few phrases, and this year you will definitely drive a Mercedes home!
1. Short-Term Trading
1. Focus only on the top ten mainstream cryptocurrencies every day, based on current market hotspots, news, daily MACD golden crosses, BOLL squeeze openings, and combined market trends to select highly volatile varieties for trading.
2. Control your position well:
Split 50,000 into 20%, which is 5 parts, and open a position with one part each time.
3. Never go all-in, at most 50%, always leave 50% as a reserve for opportunities.
4. Do not make more than 3 trades in a day; keep it manageable.
5. Never average down; if you enter a position and it loses 30%, withdraw promptly, as it indicates an incorrect entry point.
6. Set a stop loss at 30%, and if it breaks, close the position unconditionally; do not hold on to losing trades, it will lead to disaster.
7. Never fall in love with candlesticks; enter and exit quickly, remember!!!
8. Go with the trend; trend is king, only trade mainstream, do not trade small, counterfeit varieties!
2. Life-Saving Mantras in the Crypto World (Recommended to Memorize)
1. If there’s a big drop in the morning, don’t rush to run away; generally, there will be a rebound in the afternoon!
2. If 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 generally lead to a rise, but once it’s confirmed, it will fall.
5. If there’s a continuous big 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 for buying and selling is the spike; the deeper the spike, the stronger the buy and sell signals.
7. When you hold a heavy position, you will definitely blow up; why? You are on the exchange's key focus list for liquidation.
8. After your short position's stop loss is triggered, it will definitely drop; if it doesn’t trick you into exiting or blowing up, how can it fall? For example, TRB.
9. When you are about to break even, just a little more, and the rebound suddenly stops; how can it allow you to exit?
10. When you take profit, it’s a big deal; how can you pump the market if you don’t exit? The vehicle is too heavy.
A single tree cannot form a forest; a solitary sail cannot sail far! In the crypto world, if you don’t have a good circle, don’t have first-hand news, then I suggest you follow me, I’ll lead you to the shore, and you are welcome to join the team!!!
