Liang Xi's Formula for Getting Rich Quickly, A Must-Read for Novice Retail Investors! (Part 2)
When Should You Start Rolling Over Again?
When you have already made tens of thousands of dollars through rolling over, you can choose to stop and wait. Wait for a clearer market trend, such as a significant rise or fall cycle of a particular cryptocurrency. At this time, you can continue to use $500 as your principal, still using $10 for 100x leverage operations. By patiently waiting, once the market shows a unidirectional trend, it may give you the opportunity to achieve several times or even dozens of times returns within a few days.
But it is important to note that such opportunities are rare, and you may need several months or even a year or two to encounter a real big market. Moreover, the ups and downs of the market, as well as false breakouts, can expose you to many unpredictable risks. Therefore, the success of rolling over operations not only relies on accurate judgment but also requires a lot of patience and self-discipline.
The true meaning of rolling over lies in compound interest, and the true meaning of compound interest is to fully mobilize unrealized profits, which is the floating profit part.
Many people who trade contracts often end up in liquidation. The reasons can be summarized in the following points:
Inability to Control Hands: Always wanting to open positions, frequent operations, ignoring the overall market trend.
Lack of Patience: Always thinking about making a lot of money in a short time, but unwilling to wait for a suitable opportunity.
Not Executing Plans: Although there is a trading plan, there is no strict adherence during actual operations, leading to emotional trading and ultimately liquidation.
In trading contracts, the most taboo things are greed and impulsiveness. You need to strictly follow your trading plan; even if the market fluctuations make you anxious, you must resolutely control your hands. Otherwise, the final result will definitely be liquidation, or even losing everything.
I have traversed the market for many years, deeply understanding the opportunities and traps within. If your investments are not going well and you feel dissatisfied with the losses, let's have a chat!