Newcomers in the cryptocurrency world want to quickly turn a few thousand yuan into one million. Just remember these few sentences I say, and you are already halfway to success!

1. Short-term trading

1. Focus only on the top ten mainstream cryptocurrencies every day. Based on current market trends, news, daily MACD golden cross, and BOLL contraction and expansion, together with market trends, comprehensively consider and select high-volatility varieties for trading.

2. Control your position well:

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

3. Never fully invest; at most 50%. Always keep 50% of your capital ready for opportunities.

4. Do not trade more than 3 times a day; you must manage your hands.

5. Never average down; if you enter and your position loses 30%, withdraw timely. This means the entry time was wrong.

6. Set a stop-loss at 30%; if it breaks, close your position unconditionally. Do not hold onto your position; holding will lead 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 currencies, not small altcoins!

2. Cryptocurrency lifesaving mantra (recommended to memorize)

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

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

3. A rise on low volume will continue to rise; a fall on low volume will continue to fall.

4. Major meetings or good news will usually lead to price increases; once it’s confirmed, prices will drop.

5. If there is a continuous big drop during the day in the domestic market, it's time to buy the dip; at 21:30, foreigners will pump the market.

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

7. When you hold a large position, you will definitely face a liquidation; why? You are on the exchange's focus list for liquidations.

8. After your short position hits the stop-loss, it will surely drop. If it doesn’t trick you into getting out or liquidate you, how could it drop? For example, TRB.

9. When you are about to break even and it's just a little bit away, and the rebound suddenly stops, how could they let you close your position and escape?

10. When you take profits, it will pump; if you don’t get out, how could they pump? The car is too heavy.

11. When you are excited, a violent drop will arrive as expected; your excitement is also a trap set by the market makers.