In the last bull market, I made 42 million. Let me share my experience of making my first bucket of gold in the crypto world.

90-year-old female, graduated from university in 2012, started working in Shenzhen, entered the crypto world in early 2016.

Currently, I have two apartments and two cars in Guangzhou; I can take out 100,000 yuan for consumption every month without pressure, and most of my other assets are in exchanges.

Actually, trading is an extremely boring thing at first; because of long-term engagement, I've passed the phase of excitement and no longer get surprised by fluctuations.

1. [Staying up late] is basic operation; for our group, it’s not even called staying up late; it’s just a part of life. This is why you often see so-called genius traders looking ten years older than they are. Fortunately, I still pay great attention to my appearance, after all, I rely on my looks to make a living. Hahaha~

2. [Carefree] It's not as you imagine, filled with lights and wines; more often, it's actually a casual coping state. Even when going out to play, I can't fully immerse myself, as a state of anxiety drives me not to stop, because there are too many people who trust us; each trust is a kind of pressure for us, and pressure drives us to improve. Every day isn't about feasting and socializing, but endless monitoring of the market, looking at news, and summarizing reflections; at least that's how I am. The notifications on my phone are endless.

3. [Pressure] As for pressure? Hehe, from initially addressing pressure issues to now increasing my ability to withstand pressure. Some people ask why I always keep watch? Because contracts mainly focus on short-term trading, so I always look for suitable opportunities. Then I respond to various questions from others; I'm a pretty nice person, haha, and the difference in points is still very significant; those who understand know.

Finally, let me share my trading principles:

1. Bid farewell to feeling like trading respects market emotions.

2. Strictly set stop-loss levels; the stop-loss level must be determined by the market and should be the loss you can afford.

3. Stick to your original view; if you're wrong, face the consequences.

4. Trading isn't about who earns more; it's about who goes further.

Finally, I hope all the folks who come across this article can conquer their human nature, as trading is a battle against human nature.

Let me summarize what I've done well:

The core is summed up in one sentence: leverage trading magnifies profits! But don't rush into it; first, convert that 2000 yuan to 300U (approximately 300 dollars), and let's take two steps:

Step one: Start with small capital to snowball (300U to 1100U)

Every time, I take out 100U to trade, specifically choosing the most popular coins. Remember two things:

① Run as soon as you double your earnings (for example, if 100 turns into 200, withdraw immediately) ② If you lose down to 50U.

Just cut losses. If luck is good, winning three times in a row can roll to 800U.

(100-200~400~800). But know when to take profit! Play a maximum of three rounds, and when you earn around 1100U, stop. This phase relies heavily on luck, so don't be greedy!

Step two: When you have more money, start using combinations (starting from 1100U).

At this time, divide the funds into three parts to play different tricks:

1. Quick in and out type (100U)

Focus on 15-minute price fluctuations with relatively stable coins like Bitcoin/Ethereum. For example, if you see Bitcoin suddenly surge in the afternoon, jump on it, earn 3%-5%, and then run away; it's like a street vendor, making small profits through high volume.

2. Passive investment type (15U weekly)

Every week, I regularly use 15U to buy Bitcoin contracts (for example, if it's now 50,000 dollars, you think it could rise to 100,000 in the long run). Treat it as a piggy bank; don’t panic if it drops; wait for half a year or a year; it’s suitable for those who don’t have time to watch the market.

3. The main event trend trade (put the rest in).

Seize the big market trends and act decisively! For example, if you find out that the Federal Reserve is going to cut interest rates, Bitcoin may soar, so open a long position immediately. But you must think in advance: how much to earn before leaving (like doubling) and how much to accept as a loss (at most 20%). This trick requires being able to read news and understand technical analysis; newbies should not act recklessly!

Important reminder:

① At most bet 1/10 of your capital each time; don't go all in!

② Every trade must set a stop-loss!

③ At most play 3 trades a day; if you're itchy, go play a game.

④ Withdraw once you reach your target; don’t think about 'earning another wave'!

Remember: those who rely on this method to turn their fortunes are fierce; they are harsher on themselves than on others!

As a veteran who has been through ups and downs in the digital currency field for a decade, weathering storms and navigating bull and bear markets, standing firm in the unpredictable market relies entirely on these five rules!

These are the essence and refinement of my years of practical experience! Please take your time to ponder, check for gaps and deficiencies, and I believe you will greatly benefit from it!

In the world of cryptocurrency, there are countless paths to wealth; the key lies in discovering and adhering to your own unique profit secrets.

May the following wisdom and strategies accelerate your integration into the crypto world and unlock your exclusive wealth code!

From 1,000 yuan to 100,000: I discovered the wealth code through rolling positions in contracts; these 5 life-saving iron rules have saved me three times.

I've seen too many people roll from a few thousand to 990,000, only to wipe out their last trade. Contracts are a thousand times more stimulating than just holding coins—either overnight your account gains several zeros, or it goes to zero right away.

At that time, I only had 1,000 yuan left for food; I managed to roll it to 100,000 in 3 months through contracts. But today, I don't want to talk about 'getting rich', I want to talk about how to dance on the edge of the knife and still walk away with profits.

1. The core logic of rolling 100x in 3 months: it's not about luck; it's about ingraining the rules into your bones.

At first, I tested the waters with $300 (about 2000 yuan), opening 100x contracts of only $10 each time. Many people think 100x leverage is 'exclusive to gamblers', but its magic lies in: if you're right, earning 1% is equivalent to doubling your capital. I set a strict rule for myself: every time I profit, I take half of the profit out, leaving the other half to continue rolling.

In theory, as long as you are right 11 times in a row, you can turn $10 into $10,000! But 90% of people die at these three hurdles: wanting to earn more when they're making money and refusing to stop, stubbornly increasing their positions when losing, and switching back and forth between long and short, getting slapped by the market. I survived not by predicting the market but by making 'taking profits and cutting losses, controlling desires' a reflex.

2. Five life-saving iron rules: must recite before every trade, stop for a mistake.

1. Cut losses immediately when wrong; never hold on to losing trades.

Contracts are most afraid of the 'luck mentality'. I exploded twice early on, all because I 'thought there would be a rebound' and held on. Later, I set a hard rule: as soon as I hit the stop-loss level, regardless of how reluctant I am, I immediately close the position, even if the market turns back afterward, I won’t regret it. Remember: in contracts, staying alive is 100 times more important than 'proving you're right.'

2. Stop if you make 20 consecutive mistakes; do not touch contracts that day.

The market sometimes has 'unreasonable' moments; when you continuously incur losses, your mentality can collapse, and the more you trade, the more mistakes you make. I set a 'circuit breaker' for myself: after 20 consecutive mistakes in a single day (even if each loss is only 10 dollars), I immediately close the software and won’t trade that day, no matter how tempting the opportunity is. Calm down overnight, and often you'll be able to avoid bigger pitfalls.

3. Must withdraw once earning $5,000, absolutely do not get carried away.

Greed when making money is deadlier than panic when losing. I stipulated: when the account profit reaches $5,000, I must withdraw at least half of the profit. Last year, during Ethereum's one-sided trend, I started with $500 and rolled it to $500,000 in 3 days, but withdrew $200,000 along the way - this allowed me to preserve most of my profits during subsequent corrections, unlike others who experienced a 'rollercoaster' back to zero.

4. Only trade one-sided trends; play dead during fluctuations.

The core of making money with contracts is 'borrow strength'. In a fluctuating market, 100x leverage is a dangerous leverage. I once waited for 4 months without opening a trade, just to wait for a clear one-sided trend. Don't think about trading every day; wait for the right opportunity to strike, and act like a rock most of the time to earn more stably.

5. Never open a position that exceeds 10% of your capital.

Even with the most certain opportunities, I never go all-in. With a capital of 1,000 yuan, I open a maximum of 100 yuan per trade—this keeps my position light, so even with large fluctuations, my mentality won't collapse, allowing me to have the confidence to wait for trends to develop. Going all-in and being right 9 times won't help if you get it wrong once; you might wipe out your entire capital.

3. Can we play now? Ask yourself these three questions before acting.

Some people always ask, 'Can I enter the market now?' My answer is: first, ask yourself these three questions—

Has the big volatility market really come? (In a fluctuating market, never touch 100x leverage.)

Is the trend one-sided? (Markets that jump back and forth are simply meat grinders.)

Can you resist eating only the body of the fish and not being greedy for the tail? (Greed is the biggest devil in contracts)

If the answer is all 'yes', you can try a small amount; if there's even a hint of hesitation, it means you haven't learned enough from the market, and it's safer to just hold coins.

Lastly: rolling positions is not a shortcut to wealth; it's a test of discipline.

From 1,000 yuan to 100,000, I didn't rely on insider information or predictions; I just did one thing right: treating the above 5 iron rules as 'life-saving charms', punishing myself with a 3-day trading halt for every mistake.

Remember, in contracts, you either play with the top models or dive in to work. If you don't have the right mindset and discipline, absolutely don't come to be a stepping stone. The real 'wealth code' is never about leverage multiples, but about the execution of 'stop when greedy, hold when fearful, and wait when uncertain.' Rolling positions is a must-read for contract traders! Even beginners can understand it in seconds~

What is rolling positions in the crypto world?

In summary: close positions → switch positions → extend life!

In the crypto world, rolling positions are common among *leverage contract traders*, especially those who are hardcore about futures/perpetual contracts.

Three major scenarios for rolling positions in the crypto world.

Don't want to deliver when contracts expire.

There are two types of crypto futures: *perpetual contracts* (no expiration date) and *quarterly contracts* (expire in 3 months).

If you hold a quarterly contract (like the June BTC contract), close your position before expiration and switch to the September contract to continue holding!

Note: Although perpetual contracts don't require rolling positions, you still have to pay 'funding fees' (long and short mutual liquidation)!

Leverage about to explode, forced to extend life.

Long BTC with 10x leverage, and the price plummets to the liquidation line?

Emergency operation: close half of the positions → use the remaining margin to reopen positions → reduce leverage, and survive!

(Commonly known as the 'death buffer tactic', but may incur more losses the more you roll...)

The daily operations of arbitrage traders.

For example, short a BTC quarterly contract (high price) at one exchange while going long a perpetual contract (low price) at another, rolling positions to lock in the price difference profit.

The hidden risks of rolling positions in the crypto world

Funding rate backstab: Rolling perpetual contracts to a new platform may lead to high funding rates eating into your profits!

(For example: a certain exchange has a funding fee of 0.1%; rolling positions once = free transaction fee.)

Spike assassin: rolling positions suddenly encounters extreme market conditions, and both old and new positions get liquidated!

Gas war: rolling contracts on-chain (like ETH options) may get your wallet drained by miner fees!

Here's a real case from the crypto world.

Scenario: You long ETH with 100x leverage, with a capital of 10,000U.

▫️ ETH price dropped 10%, margin left is only 1000U, just 1% away from liquidation!

Rolling position operations:

1. Close 90% of the positions (leave 100U).

2. Use 100U to reopen a 10x leverage long position.

▫️ Result: position size decreases but leverage lowers, allowing you to withstand fluctuations → wait for a rebound!

(But if it continues to drop, 100U will still go to zero...)

Guide to avoiding pitfalls in crypto rolling positions.

Calculate price differences in advance: Compare the prices of old and new contracts when rolling over quarterly contracts!

(In a contango structure, long-dated contracts are more expensive → rolling positions = losing money)

Avoid high fee rate periods: roll positions before the funding rate updates for perpetual contracts (usually every 8 hours).

Leave enough Gas money: Reserve at least $50 for chain operations to deal with congestion!

Summary

Rolling positions in the crypto world = dancing on the edge of a knife, and the core is summed up in one sentence:

"Either extend life and turn the tide, or accelerate death."

Advice: Beginners should stay away from high leverage; experienced traders should roll positions with stop-loss!

PEPE