How to earn your first 10 million in the cryptocurrency world? $LIGHT
Don't think about the million target first; the first step in the cryptocurrency world is to reach 10 million — with this amount of money, even if you only trade spot for a 20% return, it's equivalent to what an ordinary person earns in a whole year.
After surviving in this circle for so many years, it's not about earning a little bit every day, but rather using the compound interest to create several explosive opportunities through roll-over strategies: practice with small positions at ordinary times, and when the signal comes, bring out the heavy artillery, and only roll long, not short.
What does that signal look like?
First, a long-term sideways trend after a sharp decline, suddenly breaking out with increased volume; a trend reversal counts as stable.
Second, the daily line stands above the key moving average, with both volume and price rising, and market sentiment clearly warming up.
Third, when there is no movement in hot searches and retail investors are still cursing, the main force has quietly built positions.
How to operate specifically?
Taking 50,000 as an example:
First, this 50,000 must be the profit from earlier; stop-loss to recover capital before discussing rolling positions.
Use a gradual position model, with a maximum total position of 10%, leverage not exceeding 10 times, which calculates to an actual leverage of 1 time, and set the stop-loss at 2% for maximum safety.
After the breakout, the first position increase must wait for the price to rise by 10%, then use 10% of the new profit to open a position, maintaining the stop-loss at 2% at all times.
Throughout the process, never go all-in, never add positions, never hold onto losing trades; when it hits the stop-loss point, shut down the system, preserve your capital for the next opportunity.
A wave of 50% in the main upward trend, compounded can reach 200,000; catching two rounds is enough for 1 million. In fact, as long as you roll it 3 or 4 times in your lifetime, going from 50,000 to 1 million to 10 million, you can retire.
Finally, remember the risk control mantra:
1️⃣
Don't roll during consolidation, don't roll during a downtrend, don't roll with news-driven coins.
2️⃣
Even if the principal is completely lost, only the gradual position margin is lost; other funds are automatically locked, and even in liquidation, the total account cannot be cut.
3️⃣
During the rolling period, withdraw 30% of profits, buy a house or a car to secure your gains; don't let human greed backfire.
Ultimately, rolling positions is not about risking your life; it's about waiting for opportunities. If you get the opportunity, roll; if not, lay back — better to miss out than to act recklessly.
Once you truly roll to your first 1 million, you'll naturally understand positions, emotions, and cycles; the path ahead is just about copying and pasting.
This market is like this: opportunities are reserved for those who are prepared.