Until I earned 1 million, I suddenly felt that making money became easy.
In the cryptocurrency world, if you want to turn small capital into big money, rolling positions is a way. Starting with tens of thousands, successfully rolling positions a few times, tens of millions is not a dream. But remember, rolling positions requires patience and finding high certainty opportunities, such as sideways consolidation after a sharp drop followed by a breakout.
Key points for rolling positions:
Patience: Don't roll easily, wait for good opportunities. Certainty: Sideways after a sharp drop, then breakout, get in when the trend reverses. Only roll long: Don't complicate things, keep it simple and clear.
Low risk in rolling positions:
Many people fear that rolling positions carry high risk, but as long as position management is done well, the risk is much lower than opening futures positions. For example, with 50,000 capital, opening a position of 10,000 in Bitcoin with 10x leverage, but only opening 10% of the position, which means 5,000 margin, equivalent to 1x leverage, with a 2% stop loss, only losing 2%. Even if you get liquidated, you only lose 5,000, which won't be too damaging.
Capital management:
Trading risks can be mitigated through capital management. Use a small capital in futures accounts for testing, with the main focus on spot accounts. With good luck, you can make a lot of money; with bad luck, futures might get liquidated, but spot earnings can compensate. Don't be greedy; when you make money, withdraw a portion to save, so you won't be afraid of liquidation.
Turning small capital into large:
With small capital, don't aim for quick riches through short-term trading; aim for medium to long-term. For example, with 30,000 capital, think about how to triple it in one wave, then triple it again, and don't keep staring at small profits; otherwise, you'll be done sooner or later.
Conclusion:
From small capital to financial freedom, rolling positions plus position management is key. Don't rush for success; patiently wait for good opportunities and think in medium to long-term to grow your capital. Remember, trading is not gambling; it's a battle of patience and wisdom.
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