Until I earned 1 million, I suddenly felt that making money became easy.
In the cryptocurrency world, if you want to turn a small amount of capital into a large sum, rolling over positions is one way. Starting with tens of thousands, if you successfully roll over a few times, tens of millions are not a dream. But remember, rolling over requires patience, look for high certainty opportunities, such as sideways consolidation after a sharp drop before breaking upwards.
Key points for rolling over:
Patience: Don't roll over easily, wait for good opportunities. Certainty: After a sharp drop, consolidate sideways before breaking out, get in when the trend reverses. Only roll long: Don't complicate things, keep it simple and clear.
Low risk of rolling over:
Many people fear that rolling over is risky, but as long as position management is good, the risk is much lower than opening futures positions. For example, with 50,000 capital, if you open a position of 10,000 in Bitcoin with 10x leverage, but only open 10% of the position, which is 5,000 as margin, it equals 1x leverage, with a 2% stop loss, you only lose 2%. Even if you get liquidated, you only lose 5,000, which is not devastating.
Capital management:
Trading risks can be mitigated with capital management. Use a small amount of capital to test in the futures account, while the spot account is the main focus. If luck is on your side, you can make a lot of money; if luck isn't good, futures may get liquidated, but spot gains can compensate. Don't be greedy; take some profits and set them aside, so you won't be afraid of liquidation.
Growing small capital:
With small capital, don't aim for quick riches through short-term trading; aim for medium to long-term. For example, with 30,000 capital, think about how to triple it in one wave, then triple it again; don't watch small profits every day, or you'll eventually run out of money.
Summary:
From small capital to financial freedom, rolling over and position management are key. Don't rush to achieve results, patiently wait for good opportunities, and think long-term to grow your capital. Remember, trading is not gambling; it's a contest of patience and wisdom.
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