Is it really difficult to make a million in the crypto world? What methods are there?
In the crypto world, if you want to turn tens of thousands into a million, to be honest, rolling positions might be a shortcut.
Once you have a million in hand, it feels completely different. Even without leveraging, just relying on a 20% increase in spot trading, you can earn 200,000, which is almost comparable to many people's annual income.
During the process of going from tens of thousands to millions, you will gradually learn some tricks to make money, and your mindset will become steadier. Subsequent operations will be as simple as copy and paste.
But remember, don’t always think about getting rich overnight; you need to start from your actual situation. You have to be able to assess the size of opportunities in trading; don’t always go light and don’t always go heavy.
Rolling positions should be used when big opportunities arise. You don’t need to operate every day; it’s okay to miss one. If you can successfully roll positions a few times in your life, going from zero to tens of millions is not a dream.
Pay attention to a few points when rolling positions:
1. You need to be patient; to earn big money by rolling positions, you have to find the right opportunities and don’t act hastily.
2. What kind of opportunity is considered right? It’s when there’s a sharp drop followed by sideways movement, and then suddenly it rises; at this time, follow the trend, and there's a high probability of making money. You need to find the reversal point of the trend and follow it from the beginning.
3. When rolling positions, only go long and don’t short.
Now let’s talk about position risk.
Many people think rolling positions is risky; in fact, the risk is not as big as you think, and it’s much safer than trading contracts. For example, if you only have 50,000, this 50,000 has to be earned; don’t try it if it’s a loss.
If you open a position when Bitcoin is at 100,000, set the leverage to 10 times, and use a sequential position mode, only open 10% of the position, which is 5,000 as margin, this is actually equivalent to 1 times leverage, with a stop loss set at 2 points. If you hit the stop loss, you only lose 2%, which is 1,000.
How do you think those who get liquidated get liquidated? Even if they get liquidated, it shouldn’t mean losing everything, right?
What if you earn? If Bitcoin rises to 110,000, you continue to open positions with 10% of the total capital, and the stop loss is still at 2%. If you hit the stop loss again, you still earn 8%. Is the risk big? Where is it big?
Following this logic, if Bitcoin rises to 150,000, and you successfully add positions, you could make around 200,000 from this 50% market movement.
Now that ETH has pulled back to around 3450, the opportunity to buy the dip on altcoins is coming soon! I have carefully selected a cryptocurrency that is expected to rise 5-10 times; leave a message + like for a free share!
