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

1. Short Term

1. Only focus on the top ten mainstream cryptocurrencies every day. Based on the current market hotspots, news, daily MACD golden crosses, BOLL compression and expansion, combined with market trends, comprehensively consider and select volatile varieties for trading.

2. Control your position well:

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

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

4. Do not make more than 3 trades in a day; keep it manageable.

5. Never average down. If you enter and are losing 30%, withdraw in time; this indicates the entry timing was wrong.

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

7. Never fall in love with K-lines; enter and exit quickly, remember!!

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

2. Lifesaving mantra in the crypto world (recommended to memorize)

1. Don't rush to exit when there's a big drop in the morning; usually, there will be a rebound in the afternoon!

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

3. If there's a rising volume, it will continue to rise; if there's a declining volume, it will continue to decline.

4. Major meetings or good news will usually lead to a rise; when it lands, it will fall.

5. If there’s a continuous big drop during the day domestically, buy the dip; at 21:30, foreigners will pump 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 are heavily invested, you are bound to get liquidated. Why? You are on the exchanges' watchlist for liquidation.

8. After your short position's stop-loss is hit, it will definitely drop; if it doesn't trick you off the train or blow up, how could it drop? For example, TRB.

9. When you are just about to break even, and it’s so close, the rebound suddenly stops; how can it let you close your position and run away?

10. When you take profit, it’s already a pump; if you don’t exit, how can they pump? The position is too heavy.

11. When you are excited, a waterfall will arrive as scheduled; your excitement is also a bait from the big players.

12. When you are broke, every project seems to be rising, making you FOMO and rush to enter. So you understand, the market is manipulated over 80% of the time. Besides controlling your position, you must also take the initiative. Be firm and do not enter the market before the big players act. Once you enter, you are the fish on the chopping board while the exchange wields the knife. Trading is a test of patience, composure, and timing.