In the cryptocurrency world, you need to find a way to earn 1 million as your principal first. To turn tens of thousands into 1 million, there is only one path, which is to roll your position. Once you have 1 million as your principal, you will find that your whole life seems to be different. Even if you don’t use leverage, just taking a spot position to increase by 20% will give you 200,000. 200,000 is already the ceiling of annual income for most people. Moreover, when you can grow from tens of thousands to 1 million, you will also grasp some ideas and logic for making big money. At this point, your mindset will also calm down a lot, and from then on, it’s just copying and pasting. Don’t always aim for millions or a billion; start from your own actual situation. Bragging only makes the braggers comfortable. Trading requires the ability to identify the size of opportunities; you cannot always have a light position nor can you always have a heavy position. Usually, play with small positions, and when a big opportunity comes, then bring out the big guns. For example, rolling positions can only be done when a big opportunity comes; you can't keep rolling. Missing out is okay because you only need to roll successfully three or four times in your life to go from 0 to over 10 million. Over 10 million is enough for an ordinary person to upgrade to the ranks of wealthy individuals. A few points to note about rolling positions: 1. Enough patience; the profits from rolling positions are huge. As long as you can roll successfully a few times, you can earn at least tens of millions or even over a hundred million, so you cannot roll easily; you need to find high-certainty opportunities. 2. High-certainty opportunities refer to a sharp decline followed by sideways consolidation and then an upward breakout. At this time, the probability of following the trend is very high; you need to find the point where the trend reverses and get in from the start. 3. Only roll long. ▼ Risks of Rolling Positions Let's talk about rolling strategies. Many people think this is risky, but I can tell you that the risk is very low, much lower than the logic of opening positions in 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 losing, then don’t look at it. If you open a position in Bitcoin at 10,000, set the leverage to 10x, and use the incremental position mode, only opening 10% of the position, that means only opening 5,000 as margin, which is actually equivalent to 1x leverage with a 2% stop loss. If you hit the stop loss, you only lose 2%. Only lose 2%, right? 1,000 yuan. How do those who face liquidation actually end up liquidated? Even if you are liquidated, isn't it just a loss of 5,000? How can you lose everything? If you are right and Bitcoin rises to 11,000, you continue to open 10% of the total funds, also set a 2% stop loss. If you hit the stop loss, you still earn 8%. Where's the risk? Isn't it supposed to be very high? And so on... If Bitcoin rises to 15,000, you have been increasing your position smoothly. In this wave of 50% movement, you should earn around 200,000. Catching two such movements would be around 1 million. There is fundamentally no compound interest; the 100-fold return comes from two 10-folds, three 5-folds, or four 3-folds, not from compounding 10% or 20% every day or month; that’s nonsense. This content not only has operational logic but also contains the core mindset of trading, position management. As long as you understand position management, you cannot lose everything. This is just an example; the general idea is like this, and specific details need to be pondered over by yourself. The concept of rolling positions itself does not carry risk; it is not only risk-free but also one of the most correct ideas in trading futures. The risk lies in leverage. You can roll with 10x leverage, or 1x can also work. I usually use two or three times; capturing two times isn't that the same as dozens of times in returns? If not, you can use 0.x leverage; what does this have to do with rolling positions? This is clearly a matter of your own choice of leverage; I have never said to let you operate with high leverage. Furthermore, I have always emphasized that in the cryptocurrency world, only invest one-fifth of your money, and only invest one-tenth of your cash in futures. At this time, the funds for futures account for only 2% of your total funds, and simultaneously use two to three times leverage, only trading Bitcoin. You can say that the risk has been reduced to an extremely low level. Would you feel hurt if you lost 20,000 from 1 million? Always leveraging isn’t interesting. There are always people saying that rolling positions are risky, that making money is just good luck. Saying these things isn’t to convince you or to persuade others; I just hope that people with similar trading philosophies can play together. However, there is currently no screening mechanism, so there are always harsh voices appearing that interfere with the recognition of those who want to see. ▼ Capital Management Trading is not full of risks; risks can be mitigated through capital management. For example, I have a futures account with 200,000, and a spot account ranging from 300,000 to over 1 million randomly. If the opportunity is great, I put in more; if there's no opportunity, I put in less. With good luck, I can earn over 10 million RMB in a year, which is completely enough. With bad luck, in the worst-case scenario, the futures account is wiped out, it doesn’t matter; the profits from the spot can compensate for the losses from the futures liquidation. After compensating, I can push back in. Can it be that you can’t earn a penny from the spot in a year? I’m not that bad. You can not make money, but you cannot lose money. So I haven’t been liquidated for a long time. Moreover, I often save one-fourth or one-fifth of the profits I made in futures separately. In case of liquidation, the profits will also remain. As an ordinary person, my personal advice is to take one-tenth of your spot position to play in futures. For instance, if you have 300,000, take 30,000 to play. If you get liquidated, push the profits from the spot back in. After getting liquidated eight or ten times, you will surely grasp some internal methods. If you still haven’t grasped it, then don’t play; this line isn't suitable for you. ▼ How to Scale Small Funds Many people have many misconceptions about trading. For example, small funds should do short-term trading to grow the capital, which is a complete misconception. This kind of thinking is entirely trying to exchange time for space, hoping to get rich overnight. Small funds should do medium- to long-term trading to grow. Is one sheet of paper thin enough? If you fold a sheet of paper 27 times, it would be 13 kilometers thick. If you fold it 10 more times, making it 37 times, it would be thicker than the Earth. If you fold it 105 times, the entire universe will not be able to contain it. If you have 30,000 in principal, you should think about how to triple it in one wave, and then triple it again in the next wave... that way, you will have four to five hundred thousand. Instead of thinking about making 10% today and 20% tomorrow... doing that will eventually drive you to your demise.