How to earn your first million in the cryptocurrency space with $SOMI ?
Don't think about the goal of ten million first; the first step in the cryptocurrency space is to reach 1 million —— with this amount of money, even if you only take 20% returns on spot trading, it's equivalent to what an ordinary person earns in a whole year.
Having survived in this space for so many years, it's not about making a little profit every day, but about breaking down compound interest into several critical rolling positions: practice with small positions usually, and when the signal arrives, bring out the big guns, and only roll long, not short.
What does that signal look like?
First, it's a long-term sideways movement after a sharp decline, suddenly breaking out with increased volume; a trend reversal is considered stable.
Second, the daily line stands above the key moving averages, with volume and price rising together, and market sentiment clearly warming up.
Third, when there’s no activity on hot searches, and retail investors are still complaining, the main players have already quietly built their positions.
How to operate specifically?
Taking 50,000 as an example:
First, this 50,000 has to be profit from earlier; stop-loss and recover before talking about rolling positions.
Using a gradual position model, the total position should be at most 10%, and leverage should not exceed 10 times, so the actual leverage is just 1 time, with the stop-loss set at 2% for maximum safety.
After the breakout, the first position increase must wait for the price to rise by 10%, then take 10% of the newly added profit to open a position, keeping the stop-loss consistently at 2%.
Never go all-in, never average down, never hold losing positions; when it reaches the stop-loss point, shut down and preserve your bullets 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 can 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:
1️⃣ Don't roll in volatile markets, don't roll in bearish trends, don't roll in news-based coins.
2️⃣ Even if the principal is completely lost, you only lose the margin for gradual positions; other funds are automatically locked, and in the case of liquidation, you won't lose the total account.
3️⃣ During the rolling period, withdraw 30% of profits, buy houses and cars to secure your gains, don't let human greed backfire.
Ultimately, rolling positions is not gambling with your life; it’s about waiting for opportunities. If you can roll when the opportunity arises, and lie down when it doesn't, it's better to miss out than to act recklessly.
Once you achieve your first million, you will naturally understand positions, emotions, and cycles; the road ahead is just copying and pasting.
This market is like this; opportunities are reserved for those who are prepared.
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