In the crypto space, if you want to earn from tens of thousands to a principal of 1 million, rolling positions is basically the only feasible way.
Once you have a principal of 1 million, even without leverage, just in terms of spot trading, a 20% increase can yield 200,000. For most people, this 200,000 is equivalent to a year's income.
Moreover, being able to grow from tens of thousands to 1 million indicates that you have grasped some methods and logic for making big money. At this point, your mentality will be much steadier, and then it’s just about repeating the previous methods.
Don't always think about making tens of millions or hundreds of millions; start from your actual situation. Those who boast all day long are just making themselves feel better.
When trading, you need to have the ability to discern the size of opportunities; you can't always be in light positions, nor can you always be in heavy positions. Usually, play with small positions, and when a big opportunity arises, increase your investment.
Just like rolling positions, you need to act when a big opportunity arises; you can't always be rolling. Missing one time is okay, because if you can successfully roll positions three or four times in a lifetime, you can earn tens of millions from zero. Tens of millions is enough for an ordinary person to join the ranks of the wealthy.
When rolling positions, there are a few points to pay attention to:
First, you must have enough patience. The profits from rolling positions can be substantial; after a few successes, you can earn at least tens of millions or even hundreds of millions. Therefore, you shouldn't roll positions easily; find opportunities with high certainty.
Second, high certainty opportunities are characterized by a sharp decline followed by a sideways consolidation, and then an upward breakthrough. At this point, the probability of following the trend is high; you need to pinpoint the trend reversal point and get in right from the start.
