How to earn your first 10 million in the cryptocurrency world?
Don't set your sights on the 10 million goal just yet; the first step in the cryptocurrency world is to reach 10 million — with this amount, even if you only take 20% profit on spot trading, it's equivalent to what an average person would earn in a whole year.
Having survived in this circle for so many years, it's not about earning a little every day, but rather applying the rolling position method that breaks compound interest into several critical hits: practice with small positions, and when the signal comes, bring out the big guns, and only roll long, not short.
What does that signal look like?
First, a prolonged sideways movement after a sharp drop, suddenly breaking upward with increased volume; a trend reversal is considered stable.
Second, the daily line stands above key moving averages, with both volume and price rising, and market sentiment noticeably warming up.
Third, when there's no movement on hot searches and retail investors are still complaining, the main players have quietly built their positions.
How to operate specifically?
Taking 50,000 as an example:
First, this 50,000 must be from previous profits; stop-loss to recover first, then discuss rolling positions.
Using the incremental position mode, the maximum total position is 10%, and leverage should not exceed 10 times; calculated, the actual leverage is just 1 time, and setting a stop-loss at 2% is the safest.
After the breakthrough, the first position increase must wait for the price to rise by 10%, then take 10% of the newly added profit to open the position, keeping the stop-loss at 2% at all times.
Never go all in, never add to losing positions, never hold onto losing trades; when it reaches the stop-loss point, turn off the computer, preserve your bullets for the next opportunity.
A wave of 50% in the main rising trend, compounded, can reach 200,000; capturing two rounds is enough for 1 million. In fact, as long as you roll 3 to 4 times in your lifetime, from 50,000 to 1 million, then to 10 million, you can retire.
Finally, remember the risk control mantra:
1. Don't roll during turbulence, don't roll during downtrends, don't roll news coins.
2. If your principal is lost, you only lose the incremental margin; other funds are automatically locked, and even if you face liquidation, you can't cut into the total account.
3. During the rolling position period, withdraw 30% profit to buy a house or a car for safety; don't let human greed backfire.
Ultimately, rolling positions is not gambling with your life; it's about waiting for opportunities. If they come, roll; if not, lie down. It's better to miss an opportunity than to act recklessly.
Once you've truly rolled your first million, you'll naturally understand positions, emotions, and cycles; the road ahead is merely about copying and pasting.
This market is like this; opportunities are reserved for those who are prepared.
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