Until I earned 1 million, I suddenly felt that making money became easier.
In the cryptocurrency world, if you want to turn small funds into big money, rolling the position is one way. Starting with tens of thousands, successfully rolling a few times, and over ten million is not a dream. But remember, rolling requires patience, find high-certainty opportunities, such as sideways consolidation after a sharp drop before breaking upward.
Key points for rolling:
Patience: Don’t roll easily, wait for good opportunities. Certainty: After a sharp drop, consolidate sideways then break out, get in when the trend reverses. Only roll long: Don’t complicate things, keep it simple and clear.
Low risk in rolling:
Many people fear that rolling has high risks, but as long as position management is good, the risk is far lower than opening futures positions. For example, with a capital of 50,000, opening a position in Bitcoin at 10,000 with 10x leverage, but only opening 10% of the position, which is 5,000 margin, equals 1x leverage, with a 2% stop loss, resulting in a loss of only 2%. Even in the event of liquidation, only 5,000 is lost, not a significant injury.
Capital management:
Trading risks can be mitigated with capital management. Use a small amount in futures accounts for testing, and prioritize spot accounts. If lucky, make big money, if unlucky, futures liquidation can be compensated by spot earnings. Don’t be greedy, save a portion of the profits, and you won’t fear liquidation.
Small funds making big:
With small funds, don’t think about getting rich quickly through short-term trading, focus on medium to long-term strategies. For example, with 30,000 capital, think about how to triple it in one wave, and then triple it again, don’t focus on small profits every day, or you’ll be done sooner or later.
Summary:
From small funds to financial freedom, rolling positions and capital management are key. Don’t rush to succeed, patiently wait for good opportunities, and think in medium to long-term to grow your capital. Remember, trading is not gambling, but a contest of patience and wisdom.
As a seasoned cryptocurrency investor, I freely share my experiences and insights. Interested in the cryptocurrency world but don’t know where to start? Follow me to see my insights, and I will guide you to achieve freedom in this bull market.