Monthly salary: 3000 yuan, annual salary 36,000, lifetime earnings 1.44 million
Monthly salary: 4000 yuan, annual salary 48,000, lifetime earnings 1.92 million
Monthly salary: 5000 yuan, annual salary 60,000, lifetime earnings 2.4 million
Monthly salary: 6000 yuan, annual salary 72,000, lifetime earnings 2.88 million
Monthly salary: 7000 yuan, annual salary 84,000, lifetime earnings 3.36 million
Monthly salary: 8000 yuan, annual salary 96,000, lifetime earnings 3.84 million
Monthly salary: 9000 yuan, annual salary 108,000, lifetime earnings 4.32 million
Monthly salary: 10000 yuan, annual salary 120,000, lifetime earnings 4.8 million
Monthly salary: 20000 yuan, annual salary 240,000, lifetime earnings 9.6 million
Monthly salary: 30000 yuan, annual salary 360,000, lifetime earnings 14.4 million
Monthly salary: 40000 yuan, annual salary 480,000, lifetime earnings 19.2 million
Monthly salary: 50000 yuan, annual salary 600,000, lifetime earnings 24 million
People with a monthly salary of over 10,000 are rare, and those with a monthly salary of over 20,000 are even rarer. Most people earn below 10,000, feeling that an ordinary person’s lifetime earnings are just enough to buy a house!
So, for you in the crypto world, how much do you want to earn before stopping?
If you are 50 years old this year, then my answer is 10 bitcoins. In the future, bitcoins will definitely be worth millions; conservatively calculated, one bitcoin will be 1 million, so 10 bitcoins will be 10 million. Holding 10 bitcoins is equivalent to a lifetime of being an elite worker!
If you are 40 years old, then 5 is enough.
If you are 30 years old, then 2 is enough.
If you are 20 years old, then 0.5 is enough.
If you are 10 years old, then 0.36 is enough.
If you are 30-40 years old and currently hold 20 bitcoins, you are assured a free life. If you hold 100 bitcoins, then the Earth will be your village. Keep it up, crypto friends!
There are various ways to make money, but the summarized experiences and lessons are always consistent.
The primary rule for success in crypto trading is to wait patiently while holding no positions.
The most challenging aspect of crypto trading is waiting while holding no positions. In the investment field, as long as you have patience and learn to wait, you will definitely reap rewards, especially in cryptocurrency. Calmly waiting will lead to a good price and a great buying point. However, many people are more focused on immediate benefits, truly fearing to miss out on a fortune. In real life, many individuals cannot tolerate waiting; the wait is too long to bear.
If you cannot bear it, it's suggested to find other things to do, interact more with nature and flowers, enrich yourself, and forget about that 24/7 trading mental prison.
Entering the crypto market, no matter how high your emotional intelligence or IQ, if you lack patience, you will ultimately end up as a terrible loser. Most people have unstable personalities and emotions, and the crypto market easily reveals their bad tempers, leading to a shaky mindset and distorted operations.
If you feel that your luck is bad, terrible, and your operations are always off during the investment process in the crypto world, it might be a good idea to go out for a walk. Good fortune often comes when you step out. Walking in nature can absorb the negative energy from investors, cultivate your mood, and become a source of personal spirit.
Waiting, patience, and holding no positions all test one’s character. This has been statistically analyzed countless times by predecessors in the crypto space.
1. More than 10 trades a day results in an average three-year return of -79.2%. 2. More than 5 trades a day results in an average three-year return of -55%. 3. More than 1 trade a day results in an average three-year return of -31.5%. 4. More than 0.3 trades a day results in an average three-year return of 12%. 5. 0.1 trades a day results in an average three-year return of 59%. 6. Over 90% of people lose money in trading, highlighting how difficult it is to reduce trading frequency. In a constantly changing magical market, doing nothing is quite challenging.
Insights from years of experience of old crypto investors. True traders only care about two things: what to do when the trend proves they made the right move after buying, and what to do when the trend proves they made the wrong move after buying. Trading opportunities are not always available, so patience is especially important. Patience in holding no positions while waiting for trends and opportunities. Patience in holding positions while waiting for the end of trends. Patience in accumulating, as compound interest is the true path. Patience in learning, as significant accumulation leads to great breakthroughs.
There are only two types of people who can make money in the crypto market.
The first type is to patiently wait with no positions for significant drops, adding the coins you have identified as valuable to your watchlist. When a significant market drop occurs, buy in fully and reap substantial rewards. The second type is value investors who buy quality coins during bear markets and hold them long-term, reinvesting to allow compound interest to roll and unleash its magic. By achieving these two points, you will definitely outperform 90% of the chasing and panic-selling retail investors in the crypto market while saving effort and worries.
When the market develops according to the trader's judgment, there's no need to do anything; just patiently watch. Therefore, it’s essential to understand that the act of trading happens only in an instant. Throughout the year, 365 days, the actual trading time may only be a few hours, while the rest is long, lonely waiting.
The most important thing in trading is waiting; 99% of the time is spent waiting, while buying and selling only happen in an instant! Waiting for opportunities with no positions, and waiting to take profits while holding positions! Waiting for the right moment! Waiting for opportunities within your own trading system and model, i.e., buy and sell points. Waiting requires time and patience, so patience is very important!
Investing in the crypto market requires patience. Whether waiting with no positions for opportunities or holding full positions for rises, it is a necessary path. Realizing that investing is like farming: after sowing seeds, don’t rush to harvest; understanding that growth takes time makes waiting seem reasonable. Just as farmers follow natural rules and know that sowing and harvesting require waiting, crypto investors understand market cycles and can calmly face waiting, seeing it as an indispensable and peaceful part of the investment process.
To reinterpret the current cryptocurrency market situation, there is a rule in the crypto market: the rhythm of a bull market always starts with a small bull, then goes through a period of decline and consolidation, and finally welcomes a real bull market. It's like a marathon, starting with a slow jog to warm up, then running at a medium pace to build strength, and finally a full sprint!
Currently, the crypto market has already completed the small bull run, and it may enter a period of consolidation or decline next. This phase may last the longest for 4 to 6 months, and the shortest for 1 to 2 months, like a brief storm. Please be patient, after the storm, there will be a brilliant rainbow!
Seven years ago, like all newcomers, I watched bitcoin rise from 789 to 19783, succumbed to FOMO (fear of missing out) and jumped in with all I had, only to see it plummet 40% a week later... But now my investment portfolio has outperformed the market by 470%, and the key is the method of rolling positions.
Adding positions with floating profits: After obtaining floating profits, you can consider adding positions. However, before adding positions, ensure that the holding cost has been reduced to minimize the risk of losses. This does not mean blindly adding positions after making profits, but rather doing so at the right timing.
Base position + trading rolling operations: Divide funds into multiple parts, keeping one part of the base position untouched while using another part for high-selling and low-buying operations.
The specific ratio can be chosen based on individual risk preferences and capital scale. For example, one can choose methods like rolling with half the position, rolling with 30% of the base position, or rolling with 70% of the base position. This operation can reduce holding costs and increase returns.
The 'appropriate time' defined has two main aspects in my opinion:
1. Increase positions during convergence breakout trends, and after the breakout, quickly reduce the added positions to enjoy the main trend.
2. Increase trend positions during pullback trends, such as buying in batches during moving average pullbacks.
There are various specific operational methods for rolling positions, the most common being achieved through adjusting holdings. Traders can gradually decrease or increase their holdings based on changes in market conditions to achieve profit. Traders can also use trading tools like leverage to amplify returns, but this also increases risk.
Three factors to pay attention to in trading:
First, the factor is mindset.
Second, the truth of human nature.
Third, be diligent in learning and enhancing your understanding.
There is the dumbest way to trade cryptocurrencies: earn 300 times in 3 months, relying solely on a single candlestick to determine everything!
After more than 10 years of trading cryptocurrencies, I have summarized the (mindless rolling method): 300 times in 3 months, earning 30 million. If you also want to get a share of the crypto market, spend a few minutes to read this carefully, and you will benefit for a lifetime!
Adjust holdings
Let’s cut the small talk and get straight to the point—how to achieve rolling positions through adjusting holdings.
1. Timing: Only enter the market when conditions for rolling positions are met.
2. Opening a position: Follow the signals of technical analysis and find the right timing to enter.
3. Add positions: If the market moves in your direction, gradually increase your position.
4. Reduce positions: If you have made the predetermined profit or if the market seems off, then slowly sell.
5. Closing positions: When you reach your target price or when the market is clearly about to change, sell everything.
How to operate specifically, I will share my rolling position insights:
(1) Add more after making money: If your investment has increased, consider adding more, but the premise is that costs have decreased, reducing risks. It’s not about adding blindly every time you make a profit, but doing so at the right time, like at breakout points in trends, and quickly reducing after a breakout, or adding during pullbacks.
(2) Base position + trading: Divide your assets into two parts, keeping one part untouched as a base position, while the other part is used for trading during market price fluctuations. This can lower costs and increase returns. Specific divisions can be as follows:
1. Half-position rolling: Hold half of the funds long-term, while trading the other half during price fluctuations.
2. 30% base position: Hold 30% of the funds long-term, and trade the remaining 70% during price fluctuations.
3. 70% base position: Hold 70% of the funds long-term, and trade the remaining 30% during price fluctuations.
The purpose of doing this is to maintain a certain level of holdings while using short-term market fluctuations to adjust costs, optimizing the holdings.
How do crypto traders grow?
The practice volume must be large, must be large, must be large, must be large, must be large. It's important to say it five times.
A lot of practice can help you solve many issues.
1. Daydreaming
I have seen some traders who, for some reason, like to talk about trading, saying they would do this or that. However, when it comes to actually doing it, it’s a completely different story. Such traders are abundant, so practicing a lot keeps you too busy to daydream about how perfect you are at trading.
2. Break the superstitions
More trading can break superstitions, such as whether moving averages are support or resistance, whether previous highs are support or resistance, and whether trading should be within one's capabilities. All of these are superstitions; why? Because with extensive practice, you will naturally understand.
3. Gain rich experience
There is a saying: 'If I were a screenwriter, I wouldn't dare to write it this way.' What does it mean? Often, when it comes to others' words, you have to rely on logic and speculation to judge the truth of what others say, which is exhausting. A lot of practice brings rich experience, so when what others say is similar to your experiences, you can understand the meaning of their words, which is much stronger than just sitting and discussing. Of course, not everyone dares to practice a lot; some say that practicing a lot incurs high transaction fees and works for the exchange, while others say that practicing a lot leads to more losses. Some even say that practicing a lot is scary.
We use the good side of mistakes—lessons—to control the bad side of mistakes—losses.
A good trader is one who knows how to use stop-loss orders the best.
Every trader who establishes a correct learning mechanism can grow faster than others.
Risk management
Risk management, simply put, involves two things: total position control and fund allocation. Make sure your total investment does not exceed the risk you can bear, and be wise about fund allocation—don’t put all your eggs in one basket. At the same time, always pay attention to market dynamics and changes in technical indicators, flexibly adjusting strategies based on market conditions, and promptly stop-loss or adjust investment amounts when necessary.
Many people may feel both excited and scared when they hear about rolling positions, eager to try but worried about risks. In fact, the rolling strategy itself does not carry much risk; the key lies in the use of leverage. If used reasonably, risks can be fully controlled.
For example, if I have 10,000 yuan as principal and open a position when a certain coin is priced at 1,000 yuan, I use 10 times leverage but only 10% of the total funds (i.e., 1,000 yuan) as margin. This means I am effectively using only 1 time leverage. If I set a 2% stop-loss line, in case the market turns unfavorable, my loss would only be 2% of that 1,000 yuan, which is 200 yuan. Even in the worst-case scenario where the liquidation conditions are triggered, I would only lose that 1,000 yuan, not all my funds. Those who get liquidated often do so because they used too high leverage or had too heavy a position; even slight market fluctuations can trigger liquidation. However, using this method, even if the market is unfavorable, your losses are limited. So, whether you use 20 times, 30 times, or even 3 times or 0.5 times leverage, the key is whether you can use leverage reasonably and control your position.
This is the basic operation process of rolling positions. Friends who are interested can take a closer look and study it carefully. Of course, everyone's perspective may differ; I am just sharing my experience, not trying to convince anyone.
How can small funds grow large? Through the effect of compound interest.
If you have a coin in hand, and its value doubles every day, after a month, its value will be astronomical. It doubles on the first day, then doubles again on the second day, and continues this way. The final number will be astonishing. This is the magic of compound interest. Even if you start with a small amount, as long as you keep doubling, you can eventually accumulate an impressive sum.
For those who don’t have much capital but want to enter the market, aim for big goals. Many people think that small funds should engage in frequent short-term trading for quick appreciation, but in reality, mid to long-term trading might be more suitable. Instead of making small profits daily, focus on achieving multiple growth in each trade; we seek exponential growth, a leap in magnitude.
In position management, first, you must diversify risk; don’t put all your funds into a single trade. You can divide your funds into three or four portions, only investing one portion each time. For example, if you have 40,000, divide it into four portions, and use only 10,000 for each trade.
Use leverage moderately. Don’t exceed ten times leverage for mainstream currencies and four times for smaller coins.
Adjust dynamically. If you incur losses, supplement with an equal amount of funds from outside; if you make a profit, extract some appropriately. Regardless, don’t let yourself fall into losses.
When your funds grow to a certain level, you can consider gradually increasing the amount for each trade, but do not increase it all at once; it should be done step by step.
Through reasonable position management and stable trading strategies, small funds can gradually achieve significant appreciation. The key is to patiently wait for the right timing and focus on the big goals of each trade rather than small daily profits.
Life must go through ups and downs to achieve great insights! As long as you don’t give up, the more you try, the closer you get to success. What’s great in life is not doing one thing but doing one thing throughout your life.
