From 30,000 to 50 million: 11 bloody lessons from the crypto world, each of which helped me lose less by millions!
From 30,000 to 50 million, it’s not luck, it’s the lessons learned from falling. These 11 points are all hard-earned lessons; remembering them can save you millions.
1. Staying still during a flat market is winning.
If the price stays flat for more than 5 days, and there's no clear winner between bulls and bears, guessing is just giving away money.
In 2018, BTC was flat for 8 days. I invested 100,000, and on the 9th day, it plummeted, losing 70,000—watching was worth ten times more than acting.
2. Hot coins must be exited within 3 days.
Hot coins can rise quickly but cool down even faster. I chased a hot coin, earned 20% on the first day, but was greedy, then on the third day, the project team dumped it, losing 80% overnight. The rule: when someone in the group shouts 'wealthy', reduce your position; if someone curses, close the position.
3. In a strong trend, you must dare to hold on. In 2021, ETH jumped high with a gap of 100 dollars. In the group, someone shouted 'false signal', but the substantial volume breaking the previous high and the 20-day moving average rising was a signal for the main upward trend. I held on and didn’t sell, ultimately earning 800,000—don’t let 'fear of heights' scare you out.
4. Take half of the large bullish candle first.
A large bullish candle at a high position means the main force is calling for buyers. When BTC surged to 48,000, the volume was three times that of the previous day, so I reduced my position by 60% and protected my profit on the following day’s pullback. A large bullish candle means take half the profit first.
The 5.20 daily moving average is the safety belt.
Buy on the upswing and sell on the downswing. The 20-day moving average is the market's cost line: most people profit above the line, indicating an upward trend; most people lose below the line, indicating a downward trend. Follow the trend and don’t get beaten by the big trend.
6. The three don’ts: don’t sell when the price rises, don’t buy when it drops, don’t trade when the price is flat. In previous years, I switched between 3 coins a day, paying tens of thousands in fees, which would have been better left untouched. Buying low and selling high waits for signals, not random trades; this can filter out 80% of ineffective trades.
7. Always diversify your positions, with a maximum of 10% position size.
I’ve fallen into the trap of losing 50% by investing all in altcoins. Even if you are 100% confident, invest no more than 10%. Keeping cash means having bullets; those who go all in, winning 9 times and losing once will end up at zero.
8. Analyze the capital flow for bullish and bearish sentiments.
Coins that 'receive major investments' and drop after good news = false good news, get out quickly; negative regulatory news with BTC dropping 5% but bouncing back = true resilience, can add to the position. The market is more honest than the news.
9. More indicators are not necessarily better; 3 are enough.
MACD to see trends (golden cross and death cross), Bollinger Bands to assess sentiment (overbought at the upper band, oversold at the lower band), and volume to discern truth (only a substantial increase in volume confirms a genuine rise).
The success rate is high only when three signals align.
10. Write a plan for each trade.
Write clearly before buying: what to buy, position size, stop-loss, take-profit. Previously buying based on feelings, not knowing when to sell when it rises, and hesitating to cut losses. Writing a plan can control impulsiveness; if you lose, you lose clearly.
11. Stop-loss and take-profit are lifelines.
If a single coin drops more than 3% (at most 5%), cut it; if it rises to the target, sell half first. During the 2022 bear market, I relied on a 3% stop-loss, controlling losses to '15%; this year in a bull market, I rely on 'selling half' to secure profits. Surviving allows you to make big money.
To be honest: during my toughest times, I was left with only 30,000. Rising again wasn’t about being smart, but about understanding 'the crypto world is about discipline'. Now, I don’t stay up late, don’t overtrade, spend time walking my child, earning 100,000 monthly for household expenses, and my account is still growing.
If you follow these rules, you can steadily earn.
These 11 trading logics are the hard-earned experiences distilled from real-world losses, focusing on 'discipline, rationality, and risk control':
When the price is flat, control your hands and don’t guess the direction.
Take profits when the hot coins are available, don’t get stuck in battles.
Hold firmly during a strong trend, undisturbed by short-term fluctuations.
Take profits from large bullish candles at high positions to avoid the risk of false signals.
Using moving averages as trend anchors, do not operate against the trend.
Follow the rules 'Don’t sell when the price rises, don’t buy when it drops, don’t trade when the price is flat' to filter out ineffective trades.
Always diversify your positions, keeping enough cash to seize opportunities.
Don’t be swayed by news headlines; focus on the real market reactions.
Simplify indicators and focus on signal resonance.
Write a plan for each trade in advance, defining buying and selling points, position size, and stop-loss and take-profit levels.
Treat stop-loss and take-profit as lifelines, using strict rules to protect the principal and secure profits.
Ultimately, making profits in crypto doesn't rely on luck, but on suppressing greed with rules, controlling risks with rhythm, and maintaining discipline to survive and steadily profit in both bull and bear markets.
Trading coins is the most magical profession in the world. But this line is not for foolish people, lazy thinkers, mentally unstable individuals, or risk-takers! If these people rashly get involved, they will end up penniless!
From staying up all night watching the market to understanding life: the rolling position secrets from crypto veterans hide the survival rules from rags to riches!
1. First, understand: what exactly is rolling positions? It’s not blindly adding leverage; it’s 'using profits as bullets'.
Many people think rolling positions means 'full leverage + high risk + holding on stubbornly'; this is pure nonsense. True rolling positions, as Tony wrote in his notes: 'is like rolling a snowball, starting with a small amount of snow (capital), then adding a layer of snow (profit) and rolling it tighter before adding more, rolling it up steadily, not smashing snow against rocks.'
Taking Liangxi's trading example: with a 10,000 capital, he first opened a 1,000 short position with 10x leverage (using only 10% of the position). If the price drops by 1%, he earns 100. At this point, he doesn't close the position but adds the 100 profit to continue shorting with 1,100—this is 'adding to the position with profits', while the principal of 10,000 remains unchanged. When the price drops another 1%, he earns 110, then adds the 110... this is how to roll. With a 20% decline, the 10,000 capital can roll up to 1 million; this is the essence.
Most people fail because they start by betting all their capital, adding more capital when the price drops, leading to higher and higher leverage. When the market slightly rebounds, they are liquidated.
2. The three steps of rolling positions: only those that can be replicated are real skills.
From 50,000 to 20 million, it's not luck, it's three iron rules that still hold true today:
1. First, use a 'trial position' to explore; if you're wrong, accept it; if you're right, then roll.
During the ETH surge in 2021, he initially opened a long position with 2,500 dollars, earning 75 dollars from a 3% rise, and added the 75 dollars back in.
With a position of 2,575, if it rises another 3%, the profit becomes 77, continue to add... just roll it bit by bit, never go heavy at the start.
2. Each time you roll, you 'lock' a portion of the profits; the principal always remains safe.
This is Tony's most ruthless move: for every 50% profit, transfer 30% of the profit to USDT. For example, with a principal of 50,000, rolling it to 75,000 (earning 25,000), transfer 7,500 to the cold wallet, leaving the remaining 25,000.
-7500=17,500, continue to roll.
He said: 'This money is 'survival money'; even if I face liquidation later, at least what’s in my pocket is mine.' At the peak of the 2021 bull market, he used this trick to lock in 5 million in advance. Later, when the bear market came and others lost everything, he was still smiling and buying the dip.
3. Take profits when they are available, don’t be greedy for the 'last penny'.
Tony set a strict rule for himself: not to roll the same asset more than 5 times, and to clear all profits when they reach 10 times. After rolling from 50,000 to 500,000, he stops, switches to a new asset, and starts again. He says: 'Rolling positions is like picking fruit; pick it when it’s ripe, don’t wait until it rots on the tree.'
Most people fail because they want to roll indefinitely: turning 10,000 into 100,000, then wanting 200,000; when reaching 200,000, wanting 500,000, only to have the market turn back and lose even the principal.
3. From 300 dollars to tens of thousands: a template for beginners to roll positions.
Don't think rolling positions is only for the big players; with 300 dollars (2,000 RMB), you can also play, as long as you follow the steps:
Step one: Split the money: from 300 dollars, allocate 200 dollars as the 'principal pool' and 100 dollars as the 'trial position' (max can lose all without affecting the principal).
Step two: Open a position: each time use 10 dollars to open a position with 10x leverage (100 dollars can be used for trial positions and can be opened 10 times). The direction must be clear (if you are bearish, stay short, don’t switch back and forth).
Step three: Roll up: if you earn, add the profit to your capital (for example, if you make 1 dollar from 10 dollars, continue trading with 11 dollars). If you lose, switch back to 10 dollars and try again, never increase the principal.
Step four: Lock in profits: once rolled to 200 dollars (doubled), transfer 60 dollars back to the principal pool, leaving 140 dollars to continue rolling.
Last year, a fan used this trick to roll 300 dollars into 8,000 dollars. He said, 'The key is to 'lose small and gain big'; I'm not afraid of being wrong 9 out of 10 times, as long as I get it right once, I can roll it up.'
4. Why do you always get liquidated when playing rolling positions? These three traps, 90% of people fall into.
Can't resist the urge and frequently open positions: some people open 10 trades in a day, and the fees exceed the profits. Before the market moves, their trial positions are wiped out.
Tony stipulates: no more than 3 trades a day; if there are no signals, stay out of the market, even if it means missing opportunities.
Impatience leads to wanting instant results: right after opening a position, you hope for a crash or a surge, panicking if it drops 1%, and being greedy if it rises 1%. Rolling positions rely on 'compound interest'; a 1% fluctuation rolled 10 times is approximately 1.1^10 ~ 2.6, don’t rush.
Not executing the plan and emotional trading: clearly set 'lock profits at 50%', but seeing the market still rising makes one think 'just wait a bit longer'; losing leads to thoughts of 'leveraging to recover', and ultimately ends up deeper in trouble.
Remember: the core of rolling positions is 'discipline > judgment'. If the direction is wrong, you can change it, but if the discipline is broken, you will surely get liquidated.
To be frank: rolling positions is not a 'shortcut for the poor to get rich', it’s a 'training ground for the tough'.
Before earning 10 million, Liangxi faced liquidation 8 times; Tony went from 50,000 to 20 million, almost going to zero three times in between. In their stories, luck accounts for only 10%; the remaining 90% is about 'enduring loneliness, withstanding fluctuations, and maintaining discipline.'
If you have 10,000 or 300 dollars and want to try rolling positions, first ask yourself: can you accept losing 10 times in a row without panicking? Can you stop after making 10 times your investment? Can you strictly follow the plan without being swayed by emotions?
If you can do it, rolling positions is your tool; if you can’t, it will be your grave.
Money in the crypto world is never 'gambled away', it is 'calculated'.
Calculate the risks, calculate the profits, and calculate the retreat steps before taking action. This is the truth of rolling positions.
I am Xiao O, a professional analyst and teacher, a mentor and friend on your investment journey! As an analyst, the most fundamental thing is to help everyone make money. I will solve confusion and help you with positions, letting strength speak for itself. When you lose your direction and don’t know what to do, follow Xiao O to find your way.