Master, what should I do? I've blown my account again, and at three in the morning, I received this message and fell silent...

In the cryptocurrency world, some people leverage rolling positions to achieve small capital growth, but more people suffer losses and blow up their accounts. While rolling positions offer opportunities, they truly test one's skills and human nature.

This is the third time Old Chen has come to me; I have emphasized many times that the cryptocurrency market is not short of opportunities, but it lacks execution.

Rolling positions involve gradually increasing position sizes in a one-sided trend, leveraging compound interest to accumulate profits. The core is to test at low risk, increase positions when profitable, and protect with stop losses. For example, with a capital of 1000 yuan using 100x leverage, a 1% market fluctuation can double the investment, but the probability of being correct 11 times in a row is extremely low.

Account blow-ups often stem from human weaknesses: greed in not wanting to give up profits during a pullback, adding to positions while in loss, and lacking judgment in chasing and cutting losses.

The rules of survival and strategies are as follows:

Capital management: Only use money that does not affect your life, with an initial capital suggestion of ≤300 dollars to maintain a stable mindset.

Profit locking: After each profitable trade, take 50% of the profit to avoid giving back gains.

Strict stop losses: Immediately cut positions if losses reach 10%. For example, if you open a position at 10,000 dollars and it drops to 9,000 dollars, exit decisively; reduce frequent trading to lower risks.

My operational strategy for him:

Choose the right cycle: In a bull market, go long with the trend; in a bear market, short in short-term waves or at highs, paying attention to macro factors.

Position control: With a capital of 5,000U, keep individual positions ≤5%-10%, and after profiting, the maximum should not exceed 20%.

Leverage use: For trend trading (daily charts), use 3-5 times leverage; for short-term (within 4H), use 10-20 times and set strict stop losses, avoiding leverage above 50x.

Rolling positions come with both opportunities and risks; strict adherence to risk control, reasonable strategies, and maintaining rational patience is necessary to transition from small capital losses to profits.

I may not be a big shot, but I occasionally guide beginners. When trading, you must enter positions based on your own capital and never hold losing positions. Set stop losses, and contracts are suitable for wave trading; if there's a profit, take it first. Holding onto profits without taking them is just a number—there will be ups and downs. To achieve long-term profitability, enter at the right points and exit at the right points.

Remember, no matter how good the market is, stop losses must never be neglected. Though stop losses may hurt, there's still a chance; but forced liquidation offers no opportunity. There are no perpetual victors in this world, and it’s impossible to profit from every trade. Getting used to stop losses can help you go further. We can explore and learn together.