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

1. Short Line
1. Focus only on the top ten mainstream coins every day. Based on current market hotspots, news, daily MACD golden cross, BOLL contraction and expansion, combined with market trends, comprehensively consider and select highly volatile varieties for trading.
2. Control your position size:
50,000 divided into 20% means 5 parts, with one part used for building the position each time.
3. Never go all in, at most 50%, always keep 50% of your position to wait for opportunities.
4. Do not place more than 3 orders in a day, and keep it under control.
5. Never average down; if there is a 30% loss upon entering a position, withdraw in time, as this indicates the entry timing is wrong.
6. Set a stop loss at 30%. If it breaks, close the position unconditionally. Do not hold positions; holding positions will lead to death.
7. Never fall in love with candlesticks, get in and out quickly, remember!!!
8. Go with the flow, trends are king; only deal with mainstream and avoid small cap clones!

2. Crypto world life-saving mantra (recommended to memorize)
1. Don’t rush to run away after a big drop in the morning; usually, there will be a rebound in the afternoon!
2. If there is a large increase in the afternoon, reduce positions; there is a high probability of a pullback in the evening!
3. A decrease in volume while rising will continue to rise, and a decrease in volume while falling will continue to fall.
4. There will be a rise before major meetings or favorable news, and it will drop once the news is released.
5. During the day, there will be a continuous big drop in the domestic market, so it's time to buy the dip. In the evening 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 hold a large 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 of the ride or blow up, how could it fall? For example, TRB.
9. When you are about to break free from your position, just a little bit away, the rebound suddenly stops. How could you let yourself close the position and run away?
10. When you take profit, it's already too late. How can you pump if you don't get off the bus? The bus is too heavy.
11. When you are excited, the violent waterfall comes as expected, and your excitement is also a bait from the market maker.
12. When you are broke, every project is rising, making you FOMO and rush to enter the market. So you understand that the market is manipulated with a probability of over 80%. Besides controlling your position, you must definitely adopt a follow-up strategy, resolutely refusing to enter the market before clearly understanding the operator's actions. Once you enter the market, the exchange becomes the butcher, and you become the fish. Trading is a contest of patience, composure, and timing. If any crypto friends have different opinions, feel free to discuss with each other. Thank you!