I have been trading cryptocurrencies for 10 years, going from huge losses to great wealth! I have summarized short-term trading tips that are very brief but simple and practical. If you want to survive in the crypto space for the long term, this article is worth your attention. Once you finish reading, you will be instantly enlightened!
Success is definitely not accidental. Every successful person has gone through countless trials and has stepped out one step at a time. It cannot be denied that some people are born geniuses, but such individuals are very few. Most people, after experiencing constant failures, gradually approach perfection. It is precisely these experiences of failure that will yield many insights and lessons that cannot be learned through shortcuts.
A common saying is that there are no good opportunities. In fact, opportunities are reserved for those who are prepared. When opportunities arise, it is crucial to be ready to seize them. However, waiting passively like waiting for a hare to come by will result in either missing the opportunity or not being able to seize it when it truly appears.
A must-read for players in the market! A complete manual for accumulating from small funds to large profits!
The methods of ordinary people in their 20s and 30s making 10 million in the cryptocurrency space. This article provides a wealth of practical tips, from basic operations to core concepts, and can serve as a reference for experienced players, especially recommended for beginners with weaker foundations.
In summary, there are three points.
Methods for small funds to accumulate and turn things around.
High fund practical operations with stable profits.
The core logic of digital currency investment.
By understanding the fan circle, we find that there are many ordinary office workers and even students in the circle who are eager to earn profits through investment. However, many people do not truly understand the methods of investing in the crypto space.
First of all, investing in digital currencies is a type of financial investment. Our goal is to achieve economic doubling and sustained profits within a certain period of time. Compared to the expectation of getting rich quickly from a single contract, we emphasize avoiding blind speculation like gambling and should adopt a more stable strategy. In addition to waiting for the moment of opportunity, traders need to have the ability to recognize the size of opportunities. You cannot always operate with a small position nor should you over-leverage; you can operate with a small position moderately, and when big opportunities arise, take larger positions.
For example, rolling positions are operations carried out when big opportunities arise. You cannot constantly roll positions, but even if you miss one opportunity, it doesn't matter. Because in a lifetime, you only need to successfully roll positions three or four times to accumulate from zero to millions or even tens of millions, which is enough for an ordinary person to join the ranks of the wealthy.
Rolling positions are suitable for smaller or medium-sized funds. Spot: Suppose you only have $1,000 today, and Bitcoin is currently valued at $30,000. You believe Bitcoin is about to rise. If you use $1,000 to buy in, when it rises to $36,000, you earn $200. Because you only have $1,000, your investment needs to double to earn $200.
Cooperating with some stable bloggers may allow you to earn some small money, but if you aspire to get rich, the target for small funds should be contracts. Suppose you believe Bitcoin will rise 20% five times; your $1,000 will earn you $1,000.
However, please note that contracts are not something to be played with casually; small bets also require some skills.
In terms of rolling positions, it is necessary to pay attention to the following points:
Sufficient patience is required; the profits from rolling positions can be enormous. As long as you can successfully roll positions a few times, you could accumulate at least tens of millions to a billion. Therefore, do not roll positions lightly; find opportunities with high certainty.
High-certainty opportunities usually occur after a sharp decline followed by sideways consolidation, then a breakout upwards. At this time, the probability of following the trend is high, and it is necessary to identify the point of trend reversal and get in early.
Maintain patience and wait for opportunities; even if they come just a few times a month, only roll more.
Rolling position risk: The rolling position strategy is not high risk; the risk is much lower than the logic of opening futures positions.
In fact, rolling positions only requires attention to these few points:
1. Sufficient patience is required; the profits from rolling positions can be enormous. As long as you can roll successfully a few times, you could earn at least tens of millions to a billion. Therefore, you should not roll positions lightly; look for high certainty opportunities.
2. High-certainty opportunities refer to those that occur after a sharp decline followed by sideways consolidation, and then an upward breakout. At this time, the probability of following the trend is very high. It is crucial to identify the trend reversal point and get in early.
3. Have patience and wait for opportunities, even if they come only once a month or a few months, just roll more.
Suppose you only have $50,000, how do you start with this $50,000? First, this $50,000 should be your profit. If you are still losing money, I suggest you do not consider rolling positions. The idea of rolling positions itself is not risky; not only is it risk-free, but it is also one of the most correct ideas in futures trading. The risk comes from leverage.
A 10x leverage can be rolled, and so can 1x. I generally use two to three times leverage. Catching two opportunities yields the same returns as dozens of times. If worse comes to worst, you can use 0.1x leverage, which has nothing to do with rolling positions. This is clearly a matter of your own choice of leverage; I have never said to use high leverage for operations.
Moreover, I have always emphasized that one should only invest one-fifth of their own money and only one-tenth of their cash to play futures. At this time, the funds for futures only account for 2% of your total funds, and futures should only use two to three times leverage, and only play Bitcoin, which can be said to reduce the risk to an extremely low level.
If you lose $200 from $10,000, will you feel heartbroken? Overall, small bets can yield big returns. Endure the loneliness, find opportunities, and learn to manage your positions. As long as you are not a star, you will always have opportunities. Opportunities are for those who think; relying purely on luck means you will earn as much as you lose, ultimately returning to the starting point.
Many people have misconceptions about trading, such as believing that small funds should be used for short-term trading to grow their capital. This is a complete misconception. This way of thinking is entirely about trying to exchange time for space, hoping to get rich overnight. Small funds should focus on medium to long-term strategies to grow. Always remember, the smaller the funds, the more you should focus on long-term strategies, relying on the power of compound interest to grow, rather than engaging in short-term trading for small profits.
If you invest $10,000 in Bitcoin with a leverage of 10 times, using a gradually increasing position mode, only opening 10% of the position is equivalent to using only $5,000 as margin. In fact, this is equivalent to 1x leverage, setting a 2% stop loss. If you hit the stop loss, you lose only 2%, which is $1,000. Compared to those who get liquidated, your loss is relatively small.
If your judgment is correct and Bitcoin rises to $11,000, you continue to open 10% of your total funds, and set a 2% stop loss. If you hit the stop loss, you still make an 8% profit. Where is the risk? Isn't that a big risk? By analogy, if Bitcoin rises to $15,000, you successfully increase your position, in this wave of 50% market movement, you should be able to earn about $200,000. Catching two such market movements would yield around $1 million.
Regarding compound interest: it is important to clarify that simple compound interest does not exist. A 100x increase is achieved through two 10x, three 5x, or four 3x gains.
It is not about achieving 10% to 20% compound interest every day or every month. This statement is unrealistic.
The above not only includes operational logic but also involves the core methods of trading and position management. As long as you understand position management, it is basically impossible to lose everything.
Additionally, I have seen countless failed cases under sunny circumstances; they all have a common point. In summary, it can be boiled down to one word: 'Greed.' Greed can be both a good and a bad thing. I believe that in the vast majority of cases, the bad outweighs the good. If you are also relatively 'greedy,' I hope the following words can help you when you feel greedy:
In terms of time, from the small scale of decades until a person reaches the end of life, to the large scale of hundreds of millions of years until the entire universe collapses into a black hole, everything ultimately ends with death.
From birth to departure, we live an average of about 30,000 days. Many players in the crypto space may even have only about 10,000 days left. Either live meaningfully, or freely, or be loyal to your beliefs and values. Be yourself, live freely, and enjoy life. Only from that moment can we truly have freedom and understand the true meaning of life!
In other words, everything in this world will eventually die. What we need to do is to earn money to enjoy life, rather than let the process of making money become a burden, a shackle, or a source of anxiety.
What good is it to be greedy? A hundred years later, will those still belong to you?
These days, I am preparing for the upcoming insider news about a coin that is about to launch!!!
Comment 168 to get on board!!!
Impermanence brings impermanence, brings impermanence, brings impermanence!!!
Important things are worth saying three times!!!