I have been trading cryptocurrencies for 10 years, from significant losses to great wealth! I summarized short-term trading tips that are very concise yet practical. If you want to survive long-term in the crypto space, this article is worth reading carefully, and you will become instantly clear after reading it!
Success is by no means accidental. Every successful person has gone through numerous hardships, stepping forward one step at a time. It cannot be denied that some people are born geniuses, but such individuals are extremely rare, neither you nor I are among them. Most people gradually become perfect after experiencing continuous failures. It is precisely these experiences of failure that yield insights and lessons that shortcuts cannot provide.
A common saying is that there are no good opportunities. In reality, opportunities are reserved for those who are prepared. When opportunities arise, being prepared allows you to seize them firmly. However, waiting idly like a sitting duck will either make you miss the chance or fail to grasp it when it finally appears.
A must-read for players in the market! A complete manual for accumulating from small funds to large profits!
The operational methods of ordinary people in their 20s and 30s who earned 10 million in the crypto space. This article provides rich content from basic operations to core ideas, which old players can refer to, especially recommended for beginners with weaker foundations.
In summary, there are three points.
Methods for small funds to accumulate wealth.
High funds for stable operations and profits.
The core logic of cryptocurrency investment.
By understanding the fan community, we found that there are many ordinary office workers and even students in the crypto space who are eager to earn returns through investment. However, many people do not truly understand the methods of investing in the crypto space.
First of all, cryptocurrency investment is a form of financial investment. Our goal is to achieve economic doubling and sustainable profitability within a certain timeframe. Compared to the expectation of becoming wealthy overnight through contracts, we emphasize avoiding reckless speculation like gambling and instead adopt more stable strategies. In addition to waiting for the right moment, traders need the ability to discern the magnitude of opportunities. You cannot always use a light position, nor should you use too heavy a position. You can operate with a moderate small position, and when a significant opportunity arises, you can take a larger position.
For example, rolling positions are operations conducted when a significant opportunity arises. You cannot always roll positions, but even if you miss one opportunity, it’s okay, because in a lifetime, succeeding in rolling positions just three or four times can potentially accumulate from zero to millions or even tens of millions, enough for an ordinary person to join the ranks of the wealthy.
Rolling positions are suitable for small or medium-sized funds. Spot: Suppose you only have $1,000 today, and Bitcoin's current value is $30,000. You believe Bitcoin is about to rise. If you use $1,000 to buy, when it rises to $36,000, you make $200. Since you only have $1,000, you only earn $200 when the price doubles.
Collaborating with some stable bloggers may earn you some small money, but if you desire to become rich, the goal of small funds should be contracts. Suppose you believe Bitcoin will increase by 20% five times, your $1,000 will earn $1,000.
However, please note that contracts are not something to play with casually; small bets also require some skills.
When rolling positions, pay attention to the following points:
Enough patience; the profits from rolling positions are immense. As long as you can successfully roll a few times, you can accumulate at least tens of millions to billions. Therefore, don't roll easily; find high-certainty opportunities.
High-certainty opportunities usually occur after a sharp decline, followed by sideways fluctuations, and then a breakout upwards. At this point, the probability of following the trend is high, so you need to identify the trend reversal point accurately, ideally getting on board from the very beginning.
Maintain patience and wait for opportunities, even if they occur only a few times a month; just roll more.
Rolling position risks: The rolling strategy is not high-risk; the risk is much lower than that of futures trading logic.
In fact, rolling positions only requires attention to these few points:
1. Enough patience, the profits from rolling positions are immense. As long as you can successfully roll a few times, you can earn at least tens of millions to hundreds of millions. Therefore, you should not roll easily; look for high-certainty opportunities.
2. High-certainty opportunities refer to situations where there is a sharp decline followed by sideways fluctuations and then an upward breakout. At this point, the probability of following the trend is very high. Identify the trend reversal point accurately and get on board from the start.
3. Be patient and wait for opportunities, even if they come once a month or every few months; just roll more.
Suppose you only have $50,000, how do you start with this amount? First, this $50,000 should be your profit. If you are still at a loss, it is advisable not to consider rolling positions. The concept of rolling positions itself is not risky; not only is it without risk, but it is also one of the most correct thoughts in futures trading. The risk lies in leverage.
10x leverage can roll; 1x can do the same. I generally use two to three times leverage. Seizing two opportunities is the same as achieving dozens of times profit, right? If not, you can use 0. few times. What does this have to do with rolling positions? This is clearly your own choice of leverage; I have never said to use high leverage to operate.
Moreover, I always emphasize that only invest one-fifth of your money in the crypto space, and only one-tenth of your cash in futures. At this time, the funds for futures only account for 2% of your total funds, and only use two or three times leverage, while only trading Bitcoin, which significantly reduces risk.
If you lose 200 from 10,000, will you feel heartbroken? Overall, it's about small bets to win big, enduring loneliness, finding opportunities, and learning position management. As long as you are not a star, you will always have opportunities. Opportunities are for those who think; relying purely on luck means you will earn back what you made, ultimately returning to square one.
Many people have misconceptions about trading. For example, they believe that small funds should engage in short-term trading to grow their capital, which is completely misguided. This kind of thinking is essentially trying to exchange time for space, hoping for overnight wealth. Small funds should focus on medium to long-term investments to grow. Always remember, the smaller the capital, the more you should engage in long-term investments, relying on the power of compounding to grow, rather than making short-term trades for insignificant profits.
If you invest $10,000 in Bitcoin, set the leverage to 10 times, and use isolated margin mode, only opening 10% of the position is equivalent to using only $5,000 as margin. In fact, this is the same as 1x leverage, setting a 2% stop-loss. If you hit the stop-loss, you only lose 2%, which is $1,000. Compared to those who get liquidated, the loss is relatively small.
If your judgment is correct and Bitcoin rises to $11,000, you continue to open 10% of your total funds, also setting a 2% stop-loss. If you hit the stop-loss, you still made 8%. Where's the risk? Doesn’t this imply high risk? Similarly, if Bitcoin rises to $15,000 and you successfully increase your position, you should earn around $200,000 in this 50% market. Seizing such opportunities twice could lead to about $1 million.
About compound interest: It is essential to clarify that there is no such thing as simple compound interest. A hundred times is achieved by two times ten times, three times five times, or four times three times.
It is not about compounding 10% to 20% daily or monthly. This statement is unrealistic.
The above not only includes operational logic but also involves the core methods of trading, including position management. As long as you understand position management, it is practically impossible to lose everything.
Additionally, I have seen countless failed cases in sunny weather, and they all share a common point; in summary, it can be reduced to one word: 'greed.' Greed can be both good and bad; in most situations, the bad outweighs the good. If you are also somewhat 'greedy,' then I hope this message can help you when you want 'greed':
In terms of time, from a few decades to life’s end, to a few billion years later when the entire universe collapses into a black hole, death is the inevitable end.
From birth to departure, we live an average of about 30,000 days. Many players in the crypto space may have only about 10,000 days left. Either live meaningfully, or freely, or stay true to your beliefs and values~ Be yourself, do as you wish, and live freely. Only then do we possess true freedom and understand the real meaning of life!
In other words, everything in this world will ultimately die. What we need to do is earn money to enjoy life, rather than letting the process of making money become a restraint, a shackle, or a source of anxiety.
How can greed lead to anything? A hundred years later, will those still belong to you?
These days, I am preparing for the insider news that a coin is about to launch!!!
Comment 168 to get on board!!!
Impermanence brings impermanence!
Important things are worth repeating three times!!!
