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The best way to quickly turn 10,000 into 1,000,000 in the cryptocurrency circle is through rolling positions.

Even the riskiest methods should be divided into three attempts. In other words, you should at least give yourself three chances.

For example, if the total account funds are 200,000, and clients allow you to lose a maximum of 20%, which is 40,000, then the most aggressive loss plan I suggest is: first loss of 10,000, second loss of 10,000, and third loss of 20,000. I believe this loss plan has a certain level of rationality. Because if you get it right once in three attempts, you can profit or continue to survive in the market. Not being kicked out of the market itself is a success, and it provides an opportunity to win.

2. Grasp the overall market trend; trends are much harder to manage than fluctuations because trends involve chasing gains and cutting losses, requiring the discipline to hold positions, while selling high and buying low aligns more with human nature. Trading that aligns more with human nature tends to make less money; it is precisely because it is difficult that it is profitable. In an upward trend, with any violent pullback, you should choose to go long. Do you remember what I said about probabilities? So, if you're not on the train or have gotten off, be patient and wait for a drop of 10-20% to boldly go long.

3. Set profit-taking and stop-loss targets. Profit-taking and stop-loss can be said to be the key to whether you can profit. In several trades, we need to ensure that total profits exceed total losses. Achieving this is actually not difficult; just do the following: ① Each stop-loss ≤ 5% of total funds; ② Each profit > 5% of total funds; ③ Total trading win rate > 50%. If the above requirements are met (with a profit-loss ratio greater than 1 and a win rate greater than 50%), you can achieve profitability. Of course, you can also have a high profit-loss ratio with a low win rate, or a low profit-loss ratio with a high win rate. Anyway, as long as you ensure that total profit is positive, total profit = initial principal × (average profit × win rate - average loss × loss rate).

4. Remember to avoid excessive trading. Since BTC perpetual contracts trade 24 hours uninterrupted, many newcomers operate daily, and with 22 trading days in a month, they are eager to trade almost every day. As the saying goes: those who walk by the river often get their shoes wet. The more you trade, the more likely you are to make mistakes. After making a mistake, your mindset can deteriorate, and once your mindset deteriorates, you may act impulsively, choosing 'revenge' trades: potentially going against the trend or over-leveraging. This can lead to a series of mistakes, easily causing significant losses that may take years to recover.