In the cryptocurrency space, you need to find a way to earn 1 million in capital first. There is only one way to earn 1 million from tens of thousands.

That is rolling positions.

Once you have 1 million in capital, you will find that your whole life seems different. Even if you don't use leverage, a 20% rise in spot would bring you 200,000. 200,000 is already the income ceiling for most people in a year.

Moreover, when you can grow from tens of thousands to 100,000, you will have grasped some ideas and logic for making big money. At this point, your mindset will also become much calmer, and from then on, it's just a matter of copy and paste.

Don't always talk about millions or billions; start from your actual situation. Bragging only makes the braggers feel good. Trading requires the ability to recognize the size of opportunities; you can't always play with small positions or heavy positions. Usually, just play with small positions, and when a big opportunity arises, then bring out the big guns.

For example, rolling positions can only be executed when big opportunities arise. You can't always roll; it's okay if you miss some opportunities because you only need to roll successfully three or four times in your life to go from zero to tens of millions. Tens of millions are enough for an ordinary person to rise to the ranks of the wealthy.

Key points to note when rolling positions:

1. Enough patience; the profits from rolling positions are huge. As long as you can roll successfully a few times, you can earn at least tens of millions or even hundreds of millions, so you shouldn't roll easily. Look for high-certainty opportunities.

2. High-certainty opportunities refer to a sharp drop followed by horizontal consolidation, then breaking upwards. The probability of trending at this time is very high; find the point of trend reversal and get on board from the start.

3. Only roll long positions.

Rolling risk.

Let's talk about the rolling strategy. Many people think this is risky; I can tell you, the risk is very low, much lower than the logic of opening positions in futures.

If you only have 50,000, how to start with 50,000? First, this 50,000 must be your profit. If you are still losing, then don't look.

If you open a position at 10,000 Bitcoin with a leverage of 10 times, using a per-position model, and only open 10% of the position, that means you're only using 5,000 as margin, which is equivalent to 1x leverage. With a 2-point stop-loss, if you hit the stop-loss, you only lose 2%, just 2%? 1,000. How do those who get liquidated end up losing everything? Even if you get liquidated, isn't it just a 5,000 loss? How can you lose it all?

If you're right and Bitcoin rises to 11,000, you continue to open 10% of the total funds, also setting a stop-loss at 2%. If you hit the stop-loss, you still make an 8% profit. What about the risk? Isn't the risk huge? This continues...

If Bitcoin rises to 15,000 and you successfully increase your position, you should be able to earn around 200,000 from this 50% market movement. Grabbing two such market movements would give you around 1 million.

There is fundamentally no compound interest; 100 times is achieved through two 10 times, three 5 times, or four 3 times gains, not through daily or monthly 10% or 20% compound interest. That's nonsense.

This content not only has operational logic but also contains the core internal skills of trading and position management. As long as you understand position management, you can't lose everything.

This is just an example; the general idea is like this, but the specific details require more thought.

The concept of rolling positions itself has no risk; not only is there no risk, but it is also one of the correct approaches to futures trading. The risk lies in leverage. You can roll with 10x leverage, and you can also do it with 1x. I generally use two or three times leverage; isn't capturing two opportunities the same as getting dozens of times returns? At worst, you can use 0.x leverage; what does this have to do with rolling positions? This is clearly your own choice of leverage. I have never said to use high leverage to operate.

Moreover, I have always emphasized that in the cryptocurrency space, only invest one-fifth of your money at a time, and only invest one-tenth of your capital in futures trading. At this time, the capital in futures only accounts for 2% of your total funds, and use only two or three times leverage, while only playing Bitcoin. You could say that it reduces the risk to an extremely low level.

Would you feel pain if you lost 20,000 from 1 million?

Always leveraging isn't meaningful. There are always people saying rolling positions are risky, that making money is just good luck. Saying these things isn't to convince you; there's no point in convincing others. I just hope that those with the same trading philosophy can play together.

Currently, there is just no filtering mechanism. There are always jarring voices that interfere with the recognition of those who want to watch.

Capital management.

Trading is not full of risks; risks can be mitigated through capital management. For example, I have 200,000 in my futures account, and between 300,000 to 1,000,000 in my spot account. If there are many opportunities, I invest more; if not, I invest less.

With good luck, one can earn over 10 million RMB in a year, which is more than enough. In the worst-case scenario, if the futures account gets liquidated, it doesn't matter. The gains from the spot market can compensate for the losses from futures liquidation. After compensating, you can dive back in. Is it really impossible to earn even a penny in the spot market in a year? I'm not that inept.

You can not make money, but you can't lose money. That's why I haven't been liquidated for a long time, and in futures, I often save one-fourth to one-fifth of my profits separately. Even if I get liquidated, I would still retain some profits.

As an ordinary person, my personal advice is to take one-tenth of your spot position to trade futures. For example, if you have 300,000, take 30,000 to trade. If you get liquidated, use the profits from the spot market to reinvest. After you've experienced liquidation ten or eight times, you will surely grasp some insights. If you haven't figured it out yet, then don't continue; this industry is not suitable for you.

How to grow small funds.

Many people have many misconceptions about trading, for example, that small funds should do short-term trading to grow the capital. This is completely wrong thinking. This mindset is entirely about trying to exchange time for space, hoping to get rich overnight. Small funds should instead do medium to long-term trading to grow.

Is one piece of paper thin enough? If you fold it 27 times, it becomes 13 kilometers thick. If you fold it 10 more times to a total of 37 times, it would be thicker than the Earth. If you fold it 105 times, the entire universe wouldn't be able to contain it.

If you have 30,000 in capital, you should think about how to triple it in one wave, and then triple it again in the next wave... then you'll have four to five hundred thousand. Instead of thinking today about making 10% and tomorrow 20%... this will eventually kill you.

Always remember, the smaller the capital, the longer you should invest. Rely on compound interest to grow big, and don't do short-term trading for small profits.