1. First, understand: what exactly is rolling positions? It’s not just adding leverage blindly; it’s 'using profits as bullets.'
Many people think rolling positions means 'full margin + high leverage + holding on stubbornly,' but that’s completely misguided. The real way to roll positions, as Tony wrote in his notes, is: 'It’s like rolling a snowball; start with a small handful of snow (the principal), add a layer of snow (the profit) and roll it tightly, then go add new snow, rolling it more and more steadily, rather than smashing snow against rocks.'
Taking Liangxi's trading example: he started with 10,000, first opening a 1,000 short position (only using 10% of the capital), earning 100 when it drops 1%. At this point, instead of closing the position, he adds the earned 100 to it, making it a 1,100 position to continue shorting — this is 'using profits to increase position,' with the principal of 10,000 never changing. When it drops another 1%, he earns 110, adds that… and keeps rolling. With a 20% drop, a 10,000 principal can roll out to 1 million; this is the essence.
Most people fail because they start by betting all their principal; when it drops, they add more capital to average down, and ultimately the leverage becomes higher and higher, and once the market rebounds slightly, they blow up.
2. The three key moves of rolling positions: what can be replicated is true skill.
From 50,000 to 20 million, it’s not luck; it’s three iron rules that still hold true:
1. First use a 'trial and error position' to explore; if you’re wrong, admit it; if you’re right, roll it.
During the ETH surge in 2021, he first opened a long position with $2,500, earning $75 on a 3% rise, and added the $75 profit to make it $2,575. If it rises another 3%, he earns $77 and continues adding... Just rolling a little bit, never starting with a heavy position.
2. Each time you roll, you 'lock in' part of the profit; the principal is always safe.
This is Tony's most ruthless move: For every 50% profit, convert 30% of the profit into USDT. For example, with a $50,000 principal, rolling it to $75,000 (a profit of $25,000), he would transfer $7,500 to a cold wallet, leaving $17,500 to continue rolling.
He said, 'This money is 'money for survival'; even if there’s a blow-up later, at least what’s in my pocket is mine.' At the peak of the 2021 bull market, he locked in 5 million in advance with this method; later when the bear market came, others lost everything, but he could still smile and buy the dip.
3. Take profits when they're there, don’t be greedy for 'the last copper coin.'
Tony set a strict rule for himself: each individual rolling position should not exceed 5 times, and when the total profit reaches 10 times, he will liquidate. If he rolls from 50,000 to 500,000, he stops and switches to a different asset to start again. He says, 'Rolling is like picking fruit; when it’s ripe, pick it, don’t wait until it rots on the tree.'
Most people fail because they want to 'roll forever': rolling from 10,000 to 100,000, then wanting 200,000; when they reach 200,000, they want 500,000, and then the market turns, and they lose even their principal.
3. From $300 to tens of thousands: A template for beginners to roll their positions
Don’t think rolling positions is only for big players; you can play with $300 (2,000 RMB) as long as you follow the steps.
Step 1: Split the money: of the $300, $200 goes into the 'principal pool,' and $100 is for the 'trial position' (maximum loss won’t affect the principal).
Step 2: Open a position: Use $10 for a 10x leverage (you can open 10 times with a $100 trial position), and the direction must be clear (for example, if you're bearish, stay bearish, don’t switch back and forth).
Step 3: Start rolling: if you earn, add the profits in (for example, if you earn $1 from $10, use $11 to continue opening a position); if you lose, switch back to $10 and try again, never adding to the principal.
Step 4: Lock in profits: When you roll to $200 (doubling), transfer $60 to the principal pool and continue rolling the remaining $140.
Last year, a fan used this trick to roll $300 into $8,000. He said, "The key is to 'cut losses small and let profits run big.' I’m not afraid to be wrong 9 times out of 10 as long as I’m right once, and then I can roll it up."
4. Why do you always blow up when rolling positions? These three traps are ones 90% of people fall into.
Can't resist the urge and frequently open positions: Some people open 10 positions in a day, and the fees exceed the profits. By the time the market moves, the trial positions are wiped out. Tony sets a rule: a maximum of 3 positions per day, no signals means no positions, even if it means missing out on opportunities, don’t act blindly.
Impatience, wanting to gain weight in one bite: as soon as a position is opened, hoping for a crash or a surge, panicking over a 1% drop and getting greedy over a 1% rise. Rolling positions relies on 'compound interest'; a 1% fluctuation rolled 10 times is 1.1^10≈2.6 times, it cannot be rushed.
Failing to execute plans and making emotional trades: clearly set a goal of 'locking profits at 50%', but when seeing the market still rising, wanting to 'wait a bit longer'; when losing, wanting to 'increase leverage to recover,' ending up deeper in the hole.
Remember: the core of rolling positions is 'discipline > judgment.' If the direction is wrong, it can be corrected, but if the discipline is broken, it will definitely blow up.
To put it plainly: rolling positions is not a 'shortcut to wealth for the poor', it’s a 'training ground for the ruthless.'
Before Liangxi made 10 million, he had blown up 8 times; Tony went from 50,000 to 20 million, almost going to zero 3 times in between. In their stories, luck accounts for only 10%; the remaining 90% is about 'enduring loneliness, withstanding volatility, and maintaining discipline.'
If you have $10,000 or $300 and want to try rolling positions, first ask yourself: Can you accept 10 consecutive losses without panicking? Can you stop once you earn 10 times? Can you strictly execute your plan without being swayed by emotions?
If you can do it, rolling positions is your tool; if you can’t, it’s your grave.
Money in the crypto world is never 'gambled out' but 'calculated out' — calculating the risks, calculating the profits, calculating the retreat for every step before acting. This is the truth about rolling positions.
Daily trading: the other side that’s not known to others.
Staying up late has become a daily routine.
Staying up late is not called staying up late for our group; it’s just a daily routine. That’s why you often see so-called genius traders looking much older than their years. Fortunately, I still care a lot about my appearance, after all, I make a living by looks, haha~
Not as carefree as imagined.
It’s not as you imagine, a life of parties and indulgence; more often, it’s a casual and indifferent state. Even when going out to play, I can't fully get into the mood; a state of anxiety pushes me not to stop. Because there are so many who trust us, each bit of trust is actually a pressure for us, and pressure drives us to become better.
Every day is not about feasting and socializing, but endless market watching, following news, and summarizing reflections; at least that's how it is for me. There’s always a barrage of messages on my phone.
Pressure follows closely like a shadow.
Speaking of the pressure in trading, it truly follows you closely. At first, I thought about how to relieve the pressure, but over time, I realized I could only continuously enhance my ability to withstand pressure. Some people ask why I always monitor the market? Because contracts are primarily traded short-term, so I generally look for suitable opportunities. Then there are various questions from others; I’m still a good person, haha, and the discrepancies in price are still very large. Those who understand will understand.
My trading principles.
Say goodbye to feel-based trading and respect market sentiment. Trading based on feelings often deviates from market reality, just like sometimes when you think a coin will rise, but market sentiment leans bearish; the results are often disappointing. Only by respecting market sentiment can one better align with market trends.
Strictly set stop-loss levels; the stop-loss level should be determined by the market and should reflect the losses you can bear. This is key to controlling risk; once the stop-loss is triggered, decisively exit, do not hold onto any hopes.
Stick to your original viewpoint; if you’re wrong, you pay the price. The views you've derived through analysis should be executed firmly; even if it proves to be wrong in the end, you must be brave enough to bear the consequences.
Trading is not about who earns more, but who goes further. A moment of high returns doesn’t mean anything; the key is to survive long-term in this market.
Life lessons learned from trading.
Through trading, I have seen the meaning of life and learned to examine everything around me from the perspective of volatility and probability, and to clearly see what I truly want; this is my greatest gain from studying and researching trading.
Since I thought I had enlightenment, I buckle my seatbelt while driving, I quit smoking, I curb arrogance and impatience, I work steadily, love learning, love working, and treat everything and everyone around me kindly. Breaking bad habits comes naturally and effortlessly. I bought a cheap piece of jade and engraved 'A modest gentleman is as warm as jade' to remind myself.
I’ve learned many lessons; I’ll casually mention one: all correct goals are to self-validate errors. I humorously validated this. Now, trading tells me to quit trading. Really, I suddenly feel that a life of being 'plugged in' is meaningless; this way of making money is unfulfilling and will ruin my hope for the future.
Opportunities are here; assets are doubling! Follow Biao Ge closely and easily make big money.
Keep an eye on: MAGIC, RARE.
