Can a few k roll to a million? To be honest, I have seen it. But the premise is—you have to learn to survive first.

The pitfalls I've encountered over the past seven years, I'll explain thoroughly today.

## About Short-Term Trading

Stop staring blankly at hundreds of altcoins every day, it's meaningless. **Just focus on the top ten mainstream coins**. How to choose? Look at three things:
- What hot topics is the market speculating on (news front)
- Does the daily MACD have a golden cross signal?
- Is the BOLL channel closing or opening?

Looking at these three dimensions stacked together, specifically targeting varieties with large fluctuations. What are you holding onto the ones with small fluctuations for? It's a waste of time.

**How to manage positions?** Suppose you have 50,000, don't go all in at once. Divide it into 5 parts, 10,000 each (which is 20%), and only use one part to open a position each time. Never go full position! At most, use up to 50%, and keep the remaining 50% for opportunities—or for when you make mistakes.

You can place a maximum of 3 orders in a day. Exceeding this number means you're starting to get carried away. Remember: **Only those who can control their hands can make money**.

Also, **never average down**. Did you lose 30% right after entering? Then you were wrong, acknowledge your mistake and don't hold on stubbornly. In this matter of holding onto losing positions, nine out of ten people end up losing. Set a stop loss at 30%, if it breaks, close the position unconditionally, no emotions involved.

The K-line is not your girlfriend; quick in and out, don't fall in love.

Go with the flow, trends are king. Only deal with mainstream tokens, stay away from shanzhai altcoins—poor liquidity means when the whales run, you won't even have a place to cry.

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## Several Unwritten Rules of the Market

These are the lessons I bought with my hard-earned money, just remember them:

**Don't panic about the morning plunge**. There is a high probability of a rebound in the afternoon, giving you an opportunity.
**The afternoon surge requires reducing positions**. There is a high probability of a pullback in the evening, so it's best to secure profits first.

Volume decrease and rise? That means it will continue to rise. Volume decrease and fall? Then it will keep falling. Don't go against it.

Before major meetings and positive news are released, cryptocurrency prices usually rise. However, once the news is out, they immediately drop – this is called "good news fully priced in is bad news."

If there is a continuous decline during the day in the domestic market, you might consider bottom-fishing. Why? Because around 21:30 in the evening, foreign traders will start to push up the market. It's all about the time zone difference, those who understand know.

**Pin Bar** is a key signal. The deeper the pin is inserted, the stronger the buy or sell signal. An upward pin may indicate a top, while a downward pin may indicate a bottom.

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## About the Dealer

Have you noticed:
- You went all in, and ended up getting liquidated? Because you were on the exchange's watchlist.
- You just completed your short position stop-loss, and the price of the coin immediately dropped? If it doesn't trick you into getting off, how can it continue to fall? TRB is a classic example.
- You're almost free from the position, just a little bit more, and then the rebound suddenly stopped? How could they let you escape easily?
- You just took your profit and left, and then it skyrocketed? If you don't get off the bus, how can the market maker push the price up? The bus is too heavy.
- Your excitement brings a crash? Your excitement is also induced.
- When you are broke, all the projects are rising? This is the FOMO emotion, forcing you to hurry in.

**So do you understand? The probability of the market being manipulated is over 80%.**

What you can do is control your position and act reactively. Do not move until the dealer has acted. Once the game begins, you become the fish on the chopping board.

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From k to a million, it's not about luck, it's about discipline.

Don't rush to get rich; first learn not to lose.