#ETH Newbie in the crypto world wants to quickly turn a few k into 1 million. You just need to remember these few sentences I say, and you are already halfway to success!

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 convergence and divergence, combined with market trends, and comprehensively consider selecting volatile varieties for trading.
2. Manage your position well:
50k divided into 20% means 5 parts, taking one part each time to open a position.
3. Never go all in, at most 50%, always keep 50% as a reserve for opportunities.
4. Do not make more than 3 trades in a day; you must have control over your actions.
5. Never average down. If you incur a 30% loss upon entering a position, withdraw promptly; this indicates that the timing of your entry was incorrect.
6. Set a stop loss at 30%. If it breaks, close the position unconditionally. Do not hold onto the position; holding onto it will lead to death.
7. Never fall in love with candlestick charts, get in and out quickly, remember!!!
8. Go with the trend, trend is king, only deal with mainstream, not with shanzhai small varieties!
2. Crypto world lifesaving 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. In the afternoon, a big increase means it's time to reduce positions, and there's 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. Major meetings or positive news will lead to price increases, but once it happens, the price will drop.
5. Domestic prices will continue to drop during the day, it's time 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 hold a large position, you will definitely get liquidated. Why? You are just focusing on the liquidation list on the exchange.
8. When your short position stop-loss is completed, it will definitely drop, not trick you out or explode, 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 it make you close your position and run away?
10. When you take profit, you are already on the Lafite, how can you pump the price if you don't get off? The car is too heavy.
11. When you are excited, the violent waterfall comes as expected, and your excitement is also a lure from the dealer.
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 wait for the right timing to act. Be clear that you should not enter before the market makers operate. Once you enter, the exchange becomes the butcher and you become the fish. Trading is about patience, composure, and timing. If there are any different opinions, crypto friends are welcome to leave comments in the discussion area for mutual exploration. Thank you!