In 2022, after just one year of trading cryptocurrencies, I made about 200,000 with an initial investment of 8,000. I hardly worked and traveled everywhere every day.
8,000 yuan exchanged for 1,100 USDT, using 3x leverage for long positions, requires a drop of over 30% to get liquidated.
Generally, very few cryptocurrencies continue to drop more than 30%, but that does not mean they won't drop by 20%, 10%, or 5%.
However, all of this is within the expected volatility. Therefore, for popular altcoins, I rolled over my base position and took out 600 USDT for a 3x long position. Never underestimate the charm of 600 USDT; if the process maintains a 3x rollover operation, it can achieve 18,000 to 90,000... If successful, on the contrary, if encountering an epic crash and a drop of over 30% leads to liquidation, then your maximum risk is over 4,200 yuan.
Moreover,
You can operate flexibly during this process. For example: gradually transfer out profits when in profit until you have transferred out all the principal. This way, you are left with pure profit to roll over, and you will have no psychological pressure. So, the entire rollover process is as follows:
1. Recently popular altcoins
2. Discover entry signals
3. 600 USDT long position at 3x leverage. If it rallies, keep adding to the position with profits. If it crashes, generally a drop of 5%, 10%, or 20% does not need to be worried about; you need a drop of over 30% to get liquidated. As mentioned at the beginning, generally, you enter based on signals, and it is rare for a coin to drop by over 30%. However, it does not mean it won't drop by 5%-10%-20%. In case of a market crash, you will lose 600 (requires a drop of 30%). By the way,
The TIDE project is about to launch, with AI sector tokens invested by Google.
It will be listed on the exchange on September 1st, and the official website is currently in an airdrop phase (tradetide.top). Open it after copying; there may be extra spaces that need to be deleted. An airdrop is a nice thing. With Google's backing, if the price skyrockets after the launch, that will be a big profit.
Of course, there is another option, which is to further reduce the capital. For example, we are at 600 USDT with 3x leverage; you can be at 200 USDT-300 USDT with 3x leverage. For those who recklessly bet 10-20 times, stop trading as soon as possible!
These are not the leading coins; these altcoins! They are suitable for small bets to roll over. Although later on, I got a bit hot-headed and lost hundreds of thousands, thankfully over this year and more, I made it back. Trading in the crypto world is truly exhilarating.
