In the cryptocurrency world, you need to find a way to earn 1,000,000 in principal first, and the only way to do that from several thousand is by means of

That is rolling over.

When you have 1,000,000 in capital, you'll find that life seems different. Even if you don't use leverage, just holding spot will yield gains.

20%, that’s 200,000. 200,000 is already the income ceiling for most people in a year.

Also, when you can grow from several thousand to 100,000, you will grasp some thoughts and logic for making big money. At this point, your mindset will calm down a lot, and from then on, it's just about copying and pasting.

Don't always talk about millions or billions; start from your actual situation. Bragging only makes the bragger feel good. Trading requires the ability to identify the size of opportunities; you can't always trade lightly, nor can you always trade heavily. Usually play with small amounts, and when big opportunities arise, pull out the big guns.

For instance, rolling positions can only be operated when big opportunities arise. You can't always roll; missing out is okay because you only need to successfully roll 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 upgrade.

The ranks of wealthy people.

A few points to note about rolling positions:

1. Sufficient patience; the profits from rolling positions are enormous. As long as you can successfully roll a few times, you can earn at least tens of millions to hundreds of millions.

You cannot roll easily; you need to find high-certainty opportunities.

2. High-certainty opportunities refer to a drop followed by sideways consolidation, and then breaking upward. The probability of following a trend at this point is quite high.

Find the point of trend reversal and get on board from the beginning.

3. Only roll long positions;

▼ Rolling Position Risks

Let’s talk about rolling position strategies. Many people think this is risky, but I can tell you that the risk is very low, much lower than the logic of trading futures.

If you only have 50,000, how to start with 50,000? First, this 50,000 should be your profit. If you're still at a loss, don't look further.

If you open a position at 10,000 with Bitcoin, set the leverage to 10x, using a partial position mode, only opening 10% of the position, which means only using 5,000 as margin. This is effectively equal to 1x leverage, with a 2% stop loss. If you hit the stop loss, you only lose 2%, just 2%? That's 1,000. How do those who liquidate do it? Even if you liquidate, isn't it just a loss of 5,000? How could you lose everything?

If you are right and Bitcoin rises to 11,000, you continue to open 10% of your total capital, setting a 2% stop loss. If you hit the stop loss, you still earn 8%. Where's the risk? Isn't it said that the risk is great? Following this logic...

If Bitcoin rises to 15,000 and you increase your position smoothly in this 50% trend, you should be able to earn around 200,000. Seize two such trends, and that amounts to around 1,000,000.

There is no such thing as compounding; 100 times is achieved through two instances of 10 times, three instances of 5 times, and four instances of 3 times—not by compounding 10% or 20% every day or month. That’s nonsense.

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

This is just an example; the general idea is like this, and the specific details still need to be pondered by yourself.

The concept of rolling positions itself carries no risk; it not only has no risk but is also one of the most correct approaches to futures trading. The risk lies in leverage. You can roll with 10x leverage or even 1x. Generally, I use two to three times leverage. Seizing two opportunities can yield dozens of times returns, right? Even if you use 0.x leverage, what does that have to do with rolling positions? This is clearly a matter of your own leverage choice; I have never said to operate with high leverage.

Moreover, I've always emphasized that in the crypto world, only invest one-fifth of your money and only use one-tenth of your spot capital to play futures. At this point, futures funds only account for 2% of your total capital, and futures should only use two to three times leverage while only playing Bitcoin, which significantly reduces the risk.

Would you feel heartbroken if 200,000 were lost?

Always leveraging becomes pointless. There are always people saying rolling positions are risky, and that making money is just luck. I’m not saying this to convince you; convincing others is pointless. I just hope that like-minded traders can play together.

It's just that there isn't a filtering mechanism; there's always some jarring voice that interferes with the recognition of those who want to see.

▼ Capital Management

Trading is not filled with risks; risks can be mitigated through capital management. For example, I have a futures account with 200,000, and a spot account ranging from 300,000 to over 1,000,000 randomly. When opportunities arise, I invest more; when there are no opportunities, I invest less.

With good luck, you can earn over 10 million RMB in a year, which is quite sufficient. With bad luck, the worst-case scenario is a liquidation of the futures account; it doesn't matter. Spot gains can compensate for the losses from futures liquidation. After compensating, you can jump back in. Is it really impossible to earn a penny in spot trading for a year? I'm not that bad.

You may not earn money, but you cannot afford to lose money, so I have not liquidated for a long time. I often take one-fourth or one-fifth of my profits from futures and save them separately. Even when exposed to profits, I will retain part of it.

As an ordinary person, my personal suggestion is to use one-tenth of your spot position to play futures. For example, if you have 300,000, use 30,000 to play. After exposure, use the profits from spot trading. Once you experience about ten liquidations, you will surely find some insights. If you haven't figured it out, then don't play; it's not suitable for you.

▼ How to make small capital grow.

Many people have many misconceptions about trading. For example, they believe that small capital should engage in short-term trading to grow the capital. This is a complete misconception. This way of thinking is simply trying to exchange time for space, aiming for overnight wealth. Small capital should focus on medium to long-term trading to grow.

Is one piece of paper thin enough? If you fold a piece of paper 27 times, it becomes 13 kilometers thick. If you fold it 10 more times, it will be folded 37 times; it would be thicker than the Earth. If you fold it 105 times, the entire universe wouldn't be able to accommodate 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... this way you will have four to five hundred thousand. Instead of aiming for 10% today and 20% tomorrow... this will eventually lead to your downfall.

Always remember, the smaller the capital, the more you should invest long-term, relying on compounding to grow it big; don’t engage in short-term trading for small profits.

▼ How to achieve no-risk in futures

There will always be people saying that futures are risky. Someone just jumped off a building after losing 20 million. The risk has always been with people, not futures. Futures can be made risk-free while maintaining a good mindset.

1: Use other people's money to earn your own money, with the client bearing the risk; you have no risk at all. For example, Buffett, Simons, Soros, Zhang Lei—all funds operate on this model. Most famous traders do this, but in reality, 90% of private equity funds cannot outperform the market. In the crypto world, there are also various services to trade on your behalf, but this is relatively difficult; the premise is that you have to gain recognition first.

2. Use profits to play. For example, invest 200,000 in spot trading, and if you earn after six months, take 50,000 to play futures. If you lose, it’s just profit lost; it’s no big deal. Where's the risk?

You can't control yourself and then say futures are risky; futures do not kill; your own greed is what kills.

▼ Capital management mitigates risk.

Trading is not filled with risks; risks can be mitigated through capital management.

For example, I have a futures account with 200,000, and a spot account ranging from 300,000 to over 1,000,000 randomly. When opportunities arise, I invest more; when there are no opportunities, I invest less.

Point O

With good luck, you can earn over 10 million RMB in a year, which is quite sufficient. With bad luck, in the worst case, the futures account may be liquidated.

It doesn't matter. Spot gains can compensate for the losses from futures liquidation. After compensating, you can jump back in. Is it really impossible to earn a penny in spot trading for a year? I'm not that bad.

You can earn money but cannot afford to lose it, so I haven't liquidated for a long time. I often take one-fourth or one-fifth of my profits from futures and save them separately. Even when exposed to profits, I will retain part of it.

As an ordinary person, my personal suggestion is to use one-tenth of your spot position to play futures. For example, if you have 300,000, use 30,000 to play. After exposure, use the profits from spot trading. Once you experience about ten liquidations, you will surely find some insights. If you haven't figured it out, then don't play; it's not suitable for you.

▼ Trading is gambling; there’s no technical skill.

Poor people play with skill, rich people play with courage. To change your situation, what you need to learn is not skill but to have a rich person's heart.

Trading is gambling; it’s all about finding a favorable position in constantly fluctuating markets. If wrong, cut the position; if right, set a margin and continue to increase the position aggressively, using the opening price as the closing price. Although most of the time, you may be forced to close the position nine times out of ten, as long as you get it right twice a year, it's enough for you to not trade for three years.

All you need to do is patiently wait, placing yourself on the right side before a big trend starts, and then continuously increase your position and hold patiently after it starts. Most people fail to make money because they keep entering and exiting the market, trying to profit from short-term fluctuations, unwilling to wait patiently, hold on, not daring to win, and not being greedy enough to earn significantly. The goal of trading is to capture one big extreme market. At other times, as long as you ensure that your capital does not incur significant losses, it doesn’t matter whether you make a profit or not. All short-term fluctuations and small trends should be disregarded; if you want to earn, aim for the big ones.

Open the K-line chart and look at the past year's market trends from the daily and weekly levels. There should have been at least three or four extreme consecutive bull and bear markets. Any single wave of market as long as you are greedy enough can help you leap across a class. If you keep entering and exiting, all you get is paying transaction fees to the exchanges, giving money to the manipulators.

Futures are for betting big money, not for earning a little pocket money every day. Daily stable profits are for savings accounts; the mentality of earning small amounts will eventually lead to death because you risk a lot of market exposure for small profits, and you may lose it all.

Only by letting go and taking risks can you seize those super extreme market trends. One big market trend is enough to change your class; this mindset is speculative. Thinking about stable profits every day is just like being a worker.

Those big futures traders changed their destiny this way, including our founding father Livermore, cotton king Lin Guangmao, and farmer trader Fu Haitang....

If you want to grow from small capital, this is almost the only way, the only one.

Poor people play with skill, rich people play with courage. To change your situation, what you need to learn is not skill, but to have a rich person's heart.

There will definitely be people saying: It’s easy to say, can you do it?

No one can achieve 100% success; otherwise, they would be the richest. However, I can achieve 30% to 50% of the core, which is already enough for me to rise from an ordinary person.

There is one more thing that I think is quite important, which is that when encountering a big market trend, you must dare to invest heavily, because big trends are rare and unpredictable. As long as you seize one wave, your capital scale may increase by a level.
Some of my old followers who are familiar with me should know that my actual gains this time started with a capital of 10,000, with the first trade being done with 20x leverage.
I rolled over BTC for half a month to tens of thousands, and then the leverage gradually decreased. When the capital was in the hundreds of thousands, it generally didn't exceed 10 times.
When reaching two to three million, the leverage generally does not exceed five times. With my current amount of capital, I might only open three times during an average market.
(Mainly referring to BTC)#RWA热潮 $BTC