After I earned 1 million, I suddenly felt that making money became easier
In the cryptocurrency space, rolling positions is a good method to turn small funds into larger ones. As long as you seize a few opportunities to roll your positions successfully, it's possible to make tens of millions. However, rolling positions requires patience; you need to wait for a good time, such as after a sharp decline, when the market consolidates and then breaks upward. Only high-certainty opportunities should be acted upon.
There are several key points to rolling positions: first, you need to have patience and avoid random operations; wait for the truly good opportunities. Second, you should pursue certainty; as mentioned earlier, look for patterns of sharp declines followed by consolidation and then a breakout, and enter the market when the trend reverses. Also, we only roll long positions; it's simple and less likely to go wrong.
Many people think rolling positions is risky, but that's not the case. As long as you manage your positions well, the risk is much lower than opening futures contracts directly. For example, if you have a capital of 50,000 and open a position when Bitcoin is at 10,000, using 10x leverage but only opening 10% of your position, which is 5,000 in margin, this effectively equates to 1x leverage. Setting a 2% stop-loss means you could lose at most 2%. Even if you were to get liquidated, you'd only lose 5,000, which wouldn't affect the overall situation.
Capital management is also very important. You can test the waters with small funds in a futures account while keeping the main capital in a spot account. If you're lucky, you might make a lot of money in futures; if you're unlucky and get liquidated, the returns from the spot account can cover some of your losses. Plus, after making money, withdraw a portion to save; this way, even if you get liquidated, you won’t be afraid.
With small funds, don’t think about getting rich quickly through short-term trades; aim for medium to long-term strategies. For instance, if you have a capital of 30,000, think about how to triple it step by step, rather than fixating on small profits; otherwise, you'll end up losing everything sooner or later.
In summary, transitioning from small funds to financial freedom, rolling positions combined with reasonable position management is key. Everyone must not be impatient; patiently wait for good opportunities and use a medium to long-term mindset to grow your capital. Remember, trading is not gambling; it relies on patience and wisdom. Keep it up, everyone!