How can a beginner turn 10,000 capital into 1 million?

Beginner's First Lesson: Learn to Lose Money First

Want to get rich as soon as you enter the market? You're very likely to lose everything.

When I first entered the field, a big shot gave me this advice. Now I'm passing it on to everyone.

The essence of trading is transforming experience into profit, just like the oil seller who said, "It’s all about the skill of the hand."

In the first half of the year, you are not here to make money; you are here to pay tuition. But the smart ones know how to buy the most expensive experience with the smallest losses:

Always play contracts with 1/10 of your spare money.

The maximum loss on spot trading is 50%, and the maximum loss on a single contract is strictly prohibited from exceeding 2%.

2. The Fatal Difference Between Spot and Contracts

▶ Spot Trading Method:

"Pyramid Bottom Buying Method"

First position 20% of funds

Increase positions by 30% every 10% drop

Control costs around 7000

▶ Contract Iron Law:

"Leverage = Poison," even 3x leverage can lead to liquidation! Must remember:

Set stop-loss as soon as you open a position.

No averaging down! No holding onto losing positions! No "feeling it's going to rise!"

At most, open 2 positions a day, each not exceeding 5% of capital.

The Compound Interest Trap:

"Earning 10% every day" is a mathematical lie. The real path is:

30,000 → 90,000 (3 months) → 270,000 (6 months) → 810,000 (1 year)

It relies on catching 3 threefold opportunities, not high-frequency trading every day.

The Secret of Turning 10,000 into 1 Million

"Three years without opening a business, open it and eat for three years":

Before the SHIB surge in 2021, a young man ambushed with 5,000 for half a year.

In 2023, early PEPE players, 90% built positions in batches during a bear market.

The Art of Position Management:

Capital Amount | Suggested Strategy

Below 10,000 → Only play spot, focus on 2-3 coins

100,000 → 5% position to test contracts, do spot swing trading

Above 100,000 → Must allocate BTC/ETH spot + small coins for hedging

Remember: In this market, surviving longer is 100 times more important than making money quickly.