Rolling Positions - The Only Way to Trade Contracts
Rolling positions are the only way for small capital to grow; trading contracts is almost the only path available.
Rolling positions require patience; if you miss one opportunity, you have to wait for the next. Frequent rolling will only lead to your own downfall.
Regardless of whether you are male or female, you must make money; do not accept your fate. Money is the freedom of monetization. People are born free, yet they are shackled in many ways. Only when you have enough money can you break the chains that bind you and achieve greater freedom. Most of life's tragedies are caused by a lack of money.
Trading, compared to starting a physical business, is almost the easiest way for ordinary people to reach the wealth levels of A8 or A9. In a bull market, especially towards the end of one, there are usually no major pullbacks. I once posted on Weibo that if prices rise significantly but only pull back slightly, they will rise even higher; this is the situation we are in now.
If 6.5 is not the peak, after a new high, you will miss the opportunity to get in again; the price will definitely rise very sharply. In the next ten to twenty years, don't be surprised by any events in the world, just like Buffett has lived his life without ever seeing the U.S. stock market experience four circuit breakers. The world has been at peace for too long, and those born in the 90s and 00s are witnessing China's rapid rise.
Let's talk about taking profits.
Suppose you short-sell at 62000, and the market drops, giving you a profit. The question is, when do you take profits? The lowest point of the first drop is 51000. If you take profits at 51000 and then short-sell again at 57000, that's wishful thinking; this kind of operation is usually only found with analysts who talk a big game.
In the first drop, if you take profits around 54000, that is called taking profits proactively, and you earned 8000 dollars in profit. The advantage of taking profits proactively is that if the price does not drop again, you have captured most of the profit from this downtrend. However, there are downsides to proactive profit-taking; if the price drops further later, you miss out on the subsequent market movements.
The benefit of proactive profit-taking is that you might earn a bit more on regular days, but when a massive market movement occurs, you may miss out, especially during significant market events. I missed out on the final violent crash of 312.