Trading cryptocurrencies has never been an easy task for anyone to succeed at casually. Every cryptocurrency enthusiast, from the moment they enter the market, must endure countless setbacks. Some people get knocked down, while others manage to stand up again. The difference lies in whether one can transform the hardships endured into nutrients for personal growth. Everyone has experiences, but not everyone is good at reflecting and summarizing.
Mengke's cryptocurrency trading journey has been fraught with difficulties. Looking back now brings many emotions. Today, I specifically sorted out the essence of my experiences to share, hoping to help many cryptocurrency enthusiasts avoid taking wrong turns. Recently, there is also an insider coin news expected to launch in the next few days; leave 333 to get on board.
In the cryptocurrency market, making 1 million from tens of thousands has only one path: rolling positions.
This year, I just personally tested the method below, turning 60,000 into 1,280,000.
Once you have 1 million in capital, you'll find that your whole life seems different. Even if you don't use leverage, a 20% increase in spot trading gives you 200,000, which is already the annual income ceiling for most people. Moreover, when you can grow from tens of thousands to 1 million, you will grasp some ideas and logic for making big money. At this point, your mindset will also stabilize a lot, and from then on, it’s just about copy-pasting.
Don't always think about making tens of millions or even a billion; start from your own actual situation. Bragging only makes the braggers feel good. Trading requires the ability to recognize the size of opportunities. You cannot always trade with a small position, nor can you always go heavy. Usually, play with small amounts and bring out the big guns when major opportunities arise.
For example, rolling positions is an opportunity that can only be acted upon when major chances arise. You cannot keep rolling endlessly; missing out is fine because you only need to successfully roll a few times in your life to go from zero to tens of millions. Tens of millions are enough for an ordinary person to advance into the ranks of the wealthy.
Key points to note when rolling positions:
1. Sufficient patience is required. The profits from rolling positions are enormous. As long as you can successfully roll a few times, you can earn at least tens of millions or even billions. Therefore, you shouldn't roll lightly; you must seek high-certainty opportunities.
2. High certainty opportunities refer to periods of horizontal consolidation after a sharp decline, followed by a breakout upwards. At this point, the probability of following the trend is quite high. One must identify the point of trend reversal and get on board from the very beginning.
3. Only roll long positions;
Rolling position risks
Let’s talk about the rolling position strategy. Many people think it’s risky, but I can tell you that the risk is very low, much lower than the logic of trading futures. Suppose you only have 50,000; how do you start with this amount? First, this 50,000 should be your profit. If you're still at a loss, don’t bother looking. If you open a position in Bitcoin at 10,000 with a leverage of 10 times, using a single position model, only opening 10% of the position, which means only using 5,000 as margin, this is essentially equivalent to 1x leverage with a 2% stop loss. If you hit the stop loss, you only lose 2%. Just 2%? That's 1,000. How do those who face liquidation end up losing everything? Even if you liquidate, it's just a loss of 5,000, right? How could you lose it all? If you’re correct and Bitcoin rises to 11,000, you can continue to open 10% of the total funds, again setting a 2% stop loss. If you hit the stop loss, you still earn 8%. Where’s the risk? Didn’t they say the risk is huge? This continues... If Bitcoin rises to 15,000 and you add positions successfully, you should be able to earn around 200,000 from this 50% market movement. Seizing two such market movements would yield around 1 million.
