How can you achieve a million in profits in the cryptocurrency sphere?
In the cryptocurrency market, starting with a small amount of funds (like tens of thousands), aiming to earn a principal of 1 million, rolling over positions is a feasible path.
Rolling over requires patience, waiting for high-certainty opportunities, specifically the trend reversal point after a sharp drop followed by a sideways consolidation before an upward breakout.
At this time, you should decisively enter the market and insist on only rolling long. The risk of the rolling strategy is relatively low, with the key being position management and leverage selection. Using low leverage (like two to three times) and setting reasonable stop-loss points (like 2%) can effectively control risk.
Even if a stop-loss is triggered, the loss is limited. Once a significant market movement is captured, the returns can be substantial. Importantly, rolling over is not about frequent trading but rather waiting for big opportunities, capturing just a few within a year is sufficient.
Capital management is equally important. It is recommended to divide the total capital into spot and futures portions, with the futures capital being a smaller proportion of the total capital (like 2%), and setting stop-loss points.
Even if the futures account is liquidated, the gains from spot trading can compensate for the losses. At the same time, profits from futures should be periodically withdrawn and kept separately to reduce risk.
For small capital, focusing on medium to long-term positions is easier than short-term trades. One should concentrate on the compound interest of doubling the investment rather than seeking small gains in the short term. For instance, with a principal of 30,000, one should look for doubling opportunities instead of earning small profits daily.
In summary, rolling over requires patience, position management, low leverage, and capital management. Additionally, small capital should focus on medium to long-term doubling opportunities. Remember, trading is not filled with risks; risks can be mitigated through capital management.
Recently, I plan to position myself in a potential coin that is ready for a significant rise, doubling is still quite simple, and I am also preparing to find some potential coins to hold until the end of the year, expecting a space of more than 10 times is not a problem.