Last week during a live broadcast, the comments section was flooded with "How does $1000 turn into $1 million?" Some said I was incredibly lucky, while others speculated that I hit on some mysterious chain. Today, let's not beat around the bush; I’ll lay out this experience of going from eating instant noodles to financial freedom clearly.
Let me throw some cold water on you: If you're holding $1000 and your mind is full of thoughts like "betting on some coin to multiply by a hundred" and "listening to big influencers to win easily," I advise you to exit this circle as soon as possible. When I first entered the market, I was even crazier, throwing in my living expenses to chase trends, and ended up losing so much in three days that I couldn't even afford takeout; my account balance was cleaner than my face.
What truly turned my situation around wasn't insider information or luck, but a set of "anti-human" rolling logic. From $1000 to $1 million, I took 11 months without ever blowing my account, and I didn't even take risks with leverage. You might not believe it, but I relied on the "dumb method" of "earning only 3% every day."
Core logic: Small wins compounded are more powerful than atomic bombs.
Many people think "earning 3% every day" is too meager and prefer to take a big gamble for instant gratification. But do the math: if you invest $1000 and earn 3% daily, in a month (assuming 22 trading days) it becomes $1916, in half a year it's $12,000, and in a year it directly exceeds $100,000, not to mention the compound effect of reinvesting the profits.
The key is that this goal doesn't require you to predict the "next hundred-fold coin," just to catch those opportunities that are "clear even with closed eyes." My success rate in trading can stabilize above 70%, relying on three "life-saving techniques" that even newbies can copy to avoid three years of detours.
First trick: Follow the trend and don't go against it.
I never dream of "bottom fishing and topping out"; I just act as a follower in a trend. Simply put, I wait for mainstream coins to show a clear upward trend, and only then do I take action when they retrace to key support levels. For example, if the price rises along the 5-day moving average and suddenly drops back to the 10-day moving average before bouncing back, that's a prime opportunity.
For example: Last January, after Ethereum broke through the previous range, it retraced to the 20-day moving average. I decisively entered the market and made 8 points in three days. This money felt more solid than my salary. Remember: Trends are like floods; going with them can help you gain momentum, while going against them will only leave you with nothing.
Second trick: Control your position and always leave a way out.
This is the painful lesson I learned after blowing my account twice: No matter how confident you are, the capital you invest in a single entry must not exceed 50% of your total capital. Even if you see a "100% sure to rise" signal, you must leave some "emergency funds" in your account.
My trading habit is: If profits exceed 5%, I increase my position in batches, for instance, increasing by 20% first, then adding another 20% after a 5% increase; if losses reach 3%, I immediately cut my losses. Whether I lose principal or profit, the mindset is completely different. When I traded ARB last February, I first invested $300 to test the waters, and after making a profit, I gradually increased my position. In the end, when I pocketed a $120 profit, I felt no panic.
Third trick: Know when to take profits and don't wait for the market to "bite back."
The ones who suffer the most in the cryptocurrency market aren't beginners but "greedy ghosts." I set strict rules for myself: only make 1-2 trades, and as soon as I earn 3%-5%, I exit immediately, even if it skyrockets afterward; I won't regret it.
When I traded BNB last March, I made 7 points within two hours of entering, and many people said it could double. However, I still sold according to my plan. The next day, a correction came, and those who were greedy got trapped, while I went out for hotpot with a profit of $215. I spend 20 minutes every night reviewing my trades, noting down the mistakes in my journal, and I never repeat them the next day. This is more useful than any technical indicator.
From $1000 to $1 million, I've encountered more pitfalls than you have heard jokes.
Don't think my journey has been smooth sailing. Last April, when the market was sideways, I couldn't find suitable opportunities for a whole week, earning only a few dozen dollars every day. I was close to giving in and chasing newly launched small coins. But thankfully, I held my ground, and when the market turned bullish, a wave of major gains directly doubled my account.
Now my account balance has long exceeded $1 million, but I still only make 1-2 trades a day, only looking at a few familiar cryptocurrencies. Some people ask me: "What do you rely on to judge opportunities?" It's not that complicated; it's just about thoroughly understanding the "support levels, trading volume, trend lines" and pairing that with solid execution.
Here's a painful fact: 90% of people in the cryptocurrency market lose not because they lack skills, but because they lack rules. Turning $1000 into $1 million has never been achieved by winning a single bet, but by winning 100 times, 1000 times.
Recently, I compiled a (newbie's winning manual) that clearly explains "how to read support levels," "how to set stop-loss points," and "how to fill out the review table," even highlighting the pitfalls I once fell into. If you have a small amount of capital and want to go from "guessing" to "guaranteed profits," follow me and leave a comment saying "manual," and I will send it directly to you.
Remember: The cryptocurrency market is never a casino; it is a place for cultivation. Every caution you take today is the foundation for your freedom tomorrow. I am Lao Yang; follow me @男神讲趋势 #加密市场观察 $BTC .
