Yesterday, a fan from Chengdu asked me a soul-searching question: "Old Yang, with just 10,000 in spare cash, can I really touch the million threshold in the crypto space?" I directly shared a screenshot of last year's profits, not to flaunt achievements but to tell you: if you're heading in the right direction, doubling a small capital is easier than you think; the key is not to turn "rolling positions" into "liquidation."
Now the circle is full of articles warning that "leverage ruins a life," causing newcomers to avoid the term "rolling positions" like the plague. Frankly speaking, those guys who have faced liquidation don't have a problem with the tools; rather, they treat 20x leverage as common practice, going all in with reckless abandon and panicking at a two-point pullback. This isn't trading; it's clearly just giving the exchange transaction fees.
I have been trading crypto assets for five years, going from losing 80,000 to now being able to profit steadily. I've summarized the core rule: rolling positions is 'using unrealized gains to build blocks', not 'gambling on high or low'. New traders should remember these two numbers for a safe start: 2-3x leverage and 10% single position. Don’t think the leverage is low; with a capital of 10,000, using 2x leverage with a 10% position only requires 1,000 in margin, and the risk is not much different from buying spot. Even if you make a wrong judgment, a stop loss won't hurt your capital base.
The real logic of rolling positions is using profits as 'bullets' to let money grow. I remember the market movements vividly last November, when mainstream crypto assets fell nearly 40% and consolidated at a low for three weeks, the candlestick chart looked like a snake sleeping. Suddenly, one afternoon, the trading volume spiked, and the price broke through the consolidation range—this was the 'departure signal' I was waiting for. At that time, I used the 30,000 profits I had saved up to enter with 2x leverage, and in less than half a month, I tripled my investment.
Don't think this is luck; new traders can follow my practical path and still seize big opportunities, progressing steadily in two steps.
Step 1: Save up a 'safety cushion' of 10,000 (target 10,000 → 50,000)
New traders should avoid playing with leverage right from the start; first, earn your 'survival money'. How to wait for opportunities? Look for two signals: one is when mainstream assets fall into a 'golden pit', such as dropping more than 50% from the high; the second is when a 'V-shaped reversal' occurs, where the price crashes to the bottom and rapidly rebounds, and there are no new lows for three consecutive days. Such opportunities occur at least once every two years, as seen in 2022 and 2024; catching one is enough.
I did this in 2022; I bought all in with 10,000 in spot, waited over two months for a rebound, sold when it rose to 30%, repeated this three times, and saved up to 50,000 in half a year. Remember, during this stage, don’t be greedy; take your profits. Your goal is not to double your money but to save up enough 'bullets' to withstand risks.
Step 2: Use profits to roll out 'big returns' (target 50,000 → 1,000,000)
With a capital of 50,000, you can start trading using 'profit to open positions'. The core principle is: keep the capital intact, and only use the money earned to play with leverage. For example, if you earn 20,000 with 50,000 in spot trading, use that 20,000 to open positions with 2-3x leverage. Even if you lose it all, it won't affect your capital, and your mindset will be much steadier.
When to enter the market? Wait for the 'breakthrough signal' — when assets are consolidating at a low level, and suddenly break through previous resistance with increased volume, closing above the day's high. I caught this once last March; after mainstream assets broke through the consolidation high, I used my profits to enter with 2x leverage and quadrupled my investment in 12 days; I caught it again in May and pushed my earnings to 1,000,000.
Old Yang's ultimate advice: These three points are more important than making money.
Risk lockdown: Never exceed 10% of the position in a single trade, set a stop loss at 2%. Even if you are wrong about the direction, you will only lose 2% of your profit, which won't hurt too much.
Patience is key: Stay out of the market when there are no signals, don't let your hands get itchy and make random moves. The market is like a hot pot in Chengdu; it's always there, rushing to the table can easily lead to burns.
Reject greed: Run away when the trend turns bad, don't think 'I'll sell just a bit higher'. I've seen too many people go from gaining 100,000 to losing 50,000, all because of greed.
Many people ask me, what is the hardest part of turning 10,000 into 1,000,000? It's not about finding opportunities, but enduring loneliness. I once stared at the candlestick chart for a month without opening a position, while my friends showed off their short-term gains every day, I stayed put. In the end, when they lost everything and left, I completed my leap with one market opportunity.
