Trading cryptocurrencies has never been something that can be done casually. Every cryptocurrency investor, from the moment they enter the cryptocurrency world, must go through countless setbacks. Some are knocked down, while others rise successfully. The difference lies in whether one can convert the suffering experienced into nourishment for personal growth. Everyone has their experiences, but not everyone is good at reflecting and summarizing.
Old Liu's cryptocurrency trading process is also full of ups and downs. Looking back now is quite emotional. Today, I specifically sorted out the essence of it to share, hoping to help the majority of cryptocurrency investors avoid detours. Recently, there is also insider information about a coin, expected to start in the next few days, so leave 333 to get on board.
In the cryptocurrency world, the only way to earn 1 million from tens of thousands is through rolling positions.
This year, I just personally tested the method below, turning 60,000 into 1.28 million.
When you have 1 million in principal, you will find that your entire life seems different. Even if you don't use leverage, if the spot price rises by 20%, that’s 200,000. Two hundred thousand is already the ceiling of annual income for most people. Moreover, when you can grow from tens of thousands to 1 million, you will touch upon some ways and logic to make big money. At this point, your mindset will also calm down a lot; from now on, it's just about copying and pasting.
Don’t always think about millions or billions; start from your actual situation. Bragging only makes the cow comfortable. Trading requires the ability to identify the size of opportunities. You cannot always trade with small positions, nor can you always trade with large positions. Usually, play with small guns. When a big opportunity arises, then pull out the big artillery.
For example, rolling positions can only be operated when a big opportunity arises. You cannot always roll. Missing out is okay because you only need to roll successfully three or four times in your life to go from zero to tens of millions. Tens of millions are enough for an ordinary person to step into the ranks of the wealthy.
A few points to note about rolling positions:
1. Sufficient patience; the profits from rolling positions are enormous. As long as you can roll successfully a few times, you can earn at least tens of millions to hundreds of millions. Therefore, you cannot roll easily; you must find opportunities with high certainty.
2. High certainty opportunities refer to a sideways trend after a sharp decline, followed by an upward breakout. At this time, the probability of following the trend is high, and you need to identify the point of trend reversal and get in from the start.
3. Only roll long positions;
Rolling position risks
Let's talk about the rolling position strategy. Many people think this is risky, but I can tell you that the risk is very low, far less than the logic of trading futures. If you only have 50,000, how to start with 50,000? First, this 50,000 should be your profit. If you are still at a loss, don’t look. If you open a position when Bitcoin is at 10,000, with a leverage of 10 times and using a gradual position method, only opening 10% of the position, which means only opening 5,000 as margin; this is actually equivalent to 1x leverage with a 2% stop-loss. If you stop-loss, you only lose 2%, just 2%? That’s 1,000. How do those who get liquidated actually get liquidated? Even if you get liquidated, isn’t it just losing 5,000? How can you lose everything? If you're right, and Bitcoin rises to 11,000, you continue to open 10% of your total capital, setting the same 2% stop-loss. If you stop-loss, you still gain 8%. What about the risk? Isn’t it said that the risk is very high? And so on... If Bitcoin rises to 15,000 and you keep adding positions smoothly during this 50% market, you should be able to earn around 200,000. Grabbing two such opportunities means around 1 million.
