When I first entered the cryptocurrency world, I felt like a rat that had mistakenly wandered into a grain warehouse, dazzled by all the golden opportunities.
Looking at the K-line charts with their fluctuating numbers, I seemed to see financial freedom beckoning to me. So, with all my savings in hand, I dove headfirst into this seemingly golden sea.
At first, I followed the so-called 'experts', chasing the rises and falls. Buying this today, selling that tomorrow, I was busy and having a blast.
But what was the result? The numbers in my account slid down like they were on a slide, and my heart fell to the bottom with them.
During those days of massive losses, I lost my appetite for food and tea, staring blankly at the screen at night, sighing at my reflection in the mirror during the day, feeling like a clown manipulated by the market.
But I was unwilling to leave in disgrace. I began to frantically catch up on cryptocurrency knowledge, studying various trading strategies, and finally discovered the 'secret weapon' of rolling positions.
Rolling positions, simply put, means gradually increasing your position as profits rise in a trending market, allowing profits to snowball. However, this is not blind recklessness; it requires strategy.
I chose mainstream cryptocurrencies, initially entering with a small position, setting stop-losses to prevent the market from turning against me. When the trend developed in the direction I anticipated and profits reached a certain ratio, I wouldn’t rush to cash out; instead, I would take a portion of the profits and increase my position according to a certain ratio of the original position.
I remember one time when Bitcoin experienced a strong upward trend. After buying in with a small position, the market surged, and my profits quickly increased. Following the rolling strategy, I gradually increased my position at key points, strictly controlling the ratio each time to ensure overall risk was manageable. As the price continued to rise, my position became heavier, and my profits skyrocketed like a rocket.
Of course, rolling positions are not always smooth sailing. The market can change at any time, and if there are signs of a reversal, I would not hesitate to close part of my position to lock in profits. If the trend completely changes, I would liquidate my entire position without hesitation.
Thanks to this rolling strategy, I gradually recovered my losses and even achieved profits in subsequent markets. Now I understand that investing in cryptocurrencies is not about luck, but about strategy and discipline. From massive losses to making money through rolling positions, this journey, though bumpy, has truly helped me grow into a qualified investor.