How to earn your first million in the cryptocurrency world?
Don't think about a ten million target yet; the first step in the crypto world is to reach 1 million — with this amount, even if you only take 20% profit from spot trading, it's equivalent to what an ordinary person earns in a whole year.
Having survived in this circle for so many years, it's not about making a little profit every day, but rather using a rolling strategy that breaks down compound interest into several critical hits: practice with small positions, and when the signal comes, push out the big guns, and only roll long, not short.
What does the signal look like?
One is a long-term sideways movement after a sharp drop, suddenly breaking out with increased volume upwards; a trend reversal is considered stable.
Two is when the daily line stands above the key moving averages, with volume and price rising together, and market sentiment noticeably warming up.
Three is when there is no movement in trending searches, and while retail investors are still complaining, the main forces have quietly built positions.
How to operate specifically?
Taking 50,000 as an example:
First, this 50,000 must be from previous profits; stop-loss to recover before discussing rolling positions.
Using a gradual position mode, the maximum total position is 10%, and leverage should not exceed 10 times; calculated, the actual leverage is just 1 time, with a stop-loss set at 2% for safety.
After the breakout, the first increase in position must wait for the price to rise by 10%, then use 10% of the new profits to open a position, keeping the stop-loss at 2% at all times.
Never go all in, never average down, never hold losing positions; when it hits the stop-loss point, shut down the machine, preserve your bullets for the next opportunity.
A wave of 50% main rising trend can compound to 200,000; capturing two rounds is enough to reach 1 million. In fact, as long as you roll 3 or 4 times in your lifetime, from 50,000 to 1 million and then to 10 million, you can retire.
Finally, remember the risk control mantra:
1️⃣
Do not roll during consolidation, do not roll during downtrends, do not roll with news coins.
2️⃣
If the principal is lost, only the gradual position margin is lost; other funds are automatically locked, and even in a liquidation, you can't lose the total account.
3️⃣
During the rolling period, withdraw 30% of the profits, buy a house or a car to secure the profits, and don’t let human greed backfire.
In the end, rolling positions is not about gambling your life; it’s about waiting for opportunities. If you can roll when you find them, lie down if you can't; it’s better to miss out than to act recklessly.
Once you really roll to your first 1 million, you will naturally understand positions, emotions, and cycles; the road ahead is just copying and pasting.
This market is like this; opportunities are left for those who are prepared $BTC #滚仓
