Trading cryptocurrencies has never been an easy task that guarantees success. Every person in the crypto community has to go through countless setbacks from the moment they enter the market. Some get knocked down while others manage to stand back up. The difference lies in whether one can transform the suffering during the process into nutrients for personal growth. Everyone has experiences, but not everyone is good at reflecting and summarizing.

Mengke's journey of trading cryptocurrencies has also been full of ups and downs. Looking back now brings many emotions. Today, I’ve specially organized the essence of my experiences to share, hoping to help many crypto enthusiasts avoid taking detours. Recently, there’s also insider information about a cryptocurrency expected to launch in the next few days, so leave 333 ready to invest.

In the crypto world, making 1 million from tens of thousands has only one path: rolling positions.

This year, I personally tested the following method and went from 60,000 to 1.28 million.

Once you have a capital of 1 million, you'll find that your entire life seems different. Even if you don’t use leverage and just hold a position that rises by 20%, you’ll earn 200,000. 200,000 is already the ceiling of annual income for the majority of people. Moreover, when you can grow from tens of thousands to 1 million, you’ll grasp some ideas and logic for making big money. At that point, your mindset becomes much calmer, and from then on, it’s just about copying and pasting.

Don’t always talk about millions or billions. Start from your actual situation. Bragging only makes you feel good. Trading requires the ability to identify the size of opportunities; you can’t always trade lightly or heavily. Usually, play with small positions, and when a big opportunity arises, bring out the big guns.

For example, rolling positions can only be done when a great opportunity arises. You can’t always roll; it’s okay to miss out. In your lifetime, you only need to successfully roll three or four times to grow from zero to tens of millions. Tens of millions is enough for an ordinary person to ascend into the ranks of the wealthy.

A few points to pay attention to when rolling positions:

1. Sufficient patience is needed. 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 cannot roll lightly; you need to find high-certainty opportunities.

2. A high probability opportunity refers to a period of consolidation after a sharp decline followed by an upward breakout. At this time, the probability of following the trend is very high. You need to identify the point of trend reversal and get on board right from the start.

3. Only roll long;

Rolling position risks

Let’s discuss the rolling position strategy. Many people think it’s risky, but I can tell you that the risks are very low, far lower than the logic of trading futures. Suppose you only have 50,000. How to start with 50,000? First, this 50,000 should be your profit. If you’re still at a loss, don’t even look. If you open a position in Bitcoin at 10,000 with a leverage of 10 times, using a gradual position model, only opening 10% of your total position, that means you’re only using 5,000 as margin, which is equivalent to 1x leverage with a 2% stop loss. If you hit the stop loss, you’ll only lose 2%, which is just 1,000. How do those who get liquidated manage to lose everything? Even if you get liquidated, it’s only a loss of 5,000, right? How could you lose it all? If you’re correct and Bitcoin rises to 11,000, you continue to open 10% of your total capital, also setting a 2% stop loss. If you hit the stop loss, you still earn 8%. Where’s the risk? Isn’t the risk supposed to be huge? By analogy… if Bitcoin rises to 15,000 and you successfully add to your position, in this wave of 50% movement, you should earn around 200,000. Seizing two such opportunities would net you about 1 million.