A newbie in the crypto world wants to quickly turn a few thousand yuan into 1 million. If you just remember what I say in these few sentences, you have already succeeded halfway!

1. Short-term trading
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, and considering the trends comprehensively, select the varieties with large fluctuations for trading.
2. Control your position size:
50k divided into 20% means 5 parts, each time take one part to build the position.
3. Never go all in, at most 50%, always keep 50% as a reserve 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 30% loss upon entering a position, exit promptly. This indicates that the timing of your entry was incorrect.
6. Set a stop loss at 30% breach, unconditional liquidation, do not hold the position, holding will lead to death.
7. Never fall in love with candlesticks, enter and exit quickly, remember!!!
8. Go with the flow, trend is king, only focus on mainstream, not on altcoins!
2. Crypto World Lifesaving Mnemonic (Recommended to memorize)
1. Don't rush to run away after a big drop in the morning; there will usually be a rebound in the afternoon!
2. In the afternoon, a significant rise means to reduce positions, and 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. Prices always rise before major meetings or positive news, and then fall after the news is released.
5. Domestic prices will continue to drop significantly during the day, 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 hold a heavy position, you will definitely get liquidated, why? You will be focusing on the liquidation list on the exchange.
8. After your short position stop-loss is completed, it will definitely drop. It won't trick you into getting off the bus or blow up your position. How could it drop? For example, TRB.
9. When you're about to break even, just a little more, and the rebound suddenly stops, how could it make you close your position and run away?
10. When you take profits, you are just pulling a Lafite. If you don't get off the bus, how can you pump the price? The bus is too heavy.
11. When you are excited, the violent waterfall arrives as expected, and your excitement is also a trap set by the big players.
12. When you are 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 definitely wait for the right moment and firmly avoid entering the market before knowing the operations of the big players. Once you enter, you become the fish on the chopping board of the exchange. 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!