Experience on turning 8000 into 300,000, the key lies in contract trading.
With two thousand on hand, exchange it for about 300U, and everyone needs to find ways to increase value. The most direct and effective method is to use contract trading to amplify profits.
The first step is to proceed steadily, gradually increasing the principal. Each time, take 100U to gamble on trending coins, and remember to set stop-loss and take-profit levels. If you make a profit, double it, for example, turning 100 into 200, then 200 into 400, and so on. But remember, limit yourself to three consecutive operations at most, as luck plays a part here; you might win several times in a row, or you could lose in one go. So, take it easy.
The second step is that when our principal rolls to around 1100U, we can start using more advanced strategies. At this point, we need to play some tricks with three strategies at once:
1. Ultra-short trades, take 100U for quick trades at the 15-minute level, and run if you make a profit. It's fast but risky, so choose stable coins like Bitcoin or Ethereum.
2. Single strategy, use a small position, such as 15U, for 4-hour level contracts, take it slow, and invest a bit in Bitcoin weekly; it will accumulate into a significant wealth.
3. Trend trades, this is our main event, after identifying market trends, enter directly; big profits depend on this. But note that this requires us to have the same market judgment ability, and we need to plan our profit-loss ratio in advance.
Playing contracts in the crypto world is not just blind gambling; it requires a systematic approach, reasonable position management, and strict take-profit and stop-loss strategies. Using two thousand to gamble for nearly a million might sound difficult, but as long as you master these techniques and do well in every trade, the dream of becoming a millionaire can be completely realized!!
