A newbie in the crypto world wants to quickly turn a few thousand yuan into 1 million. As long as you remember what I say in these few sentences, you are already halfway to success!

1. Short-term trading
1. Focus only on the top ten mainstream coins every day. Based on current market hotspots, news, daily MACD golden crosses, BOLL convergence and divergence, combined with market trends, consider comprehensively and select coins with large fluctuations for trading.
2. Control your position size:
50k divided into 20% means 5 parts, taking one part each time to build a position.
3. Never go all in, at most 50%, always keep 50% as a reserve to wait for opportunities.
4. Do not place more than 3 orders in one day; you need to keep it under control.
5. Never average down; if you incur a loss of 30% after entering a position, withdraw in time. This indicates that the timing of your entry was incorrect.
6. Set a stop loss at 30%, close the position unconditionally, do not hold the position, holding the position will lead to death.
7. Never fall in love with candlesticks, enter and exit quickly, remember!!!
8. Go with the flow, trends are king, only focus on mainstream, do not engage in shanzhai small varieties!
2. Crypto World Life-Saving Mnemonic (recommended to memorize)
1. Don't rush to run away in the morning drop, there will generally be a rebound in the afternoon!
2. If there is a big increase in the afternoon, reduce your position; there is a high probability of a pullback in the evening!
3. A decrease in volume during an uptrend will still lead to an uptrend, and a decrease in volume during a downtrend will still lead to a downtrend.
4. Major meetings or positive news will lead to an increase, but once it is realized, it will fall.
5. In the domestic market, there will be a continuous drop during the day to buy the dip, and 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 signals.
7. When you are heavily invested in a position, you will definitely face liquidation. Why? You should pay close attention to the liquidation list on the exchange.
8. After your short position stop loss is completed, it will definitely drop. It won't trick you out or cause a liquidation, how could it drop? For example, TRB.
9. When you are about to break even, just a little bit away, and the rebound suddenly stops, how can you let yourself close the position and run away?
10. When you take profit, you just have to push it up, how can you drive the market if you don't exit? The vehicle is too heavy.
11. When you are excited, the violent waterfall arrives as expected, and your excitement is also a lure from the dealer.
12. When you're broke, every project seems to be rising, making you FOMO and rush to enter the market. So you understand that the market is manipulated over 80% of the time. Besides controlling your position, you must also act decisively and firmly before the market makers operate, and never enter the market lightly. Once you do, the exchange becomes the butcher, and you become the fish and meat. Trading is about patience, composure, and timing. If anyone has different opinions, feel free to leave comments in the discussion area for mutual exploration. Thank you!