In the crypto world, trying to turn 10,000 into 1 million is essentially a high-risk probability game. I have seen too many people stumble on this road, but very few have truly succeeded. Today I will talk to you about the tricks behind it.

First, you need to understand that rolling over trades is like walking a tightrope. I know a guy from Zhejiang who turned 50,000 yuan into 800,000 in three months last year.

But on the day he was ready to withdraw and buy a house, a reverse market trend directly wiped out his account. Now he is delivering takeout to pay off his debts. This is why I suggest you leave yourself at least three chances: the first 10,000, the second 10,000, and the third 20,000. That way, even if the first two times you lose, you can still turn it around with the third time.

Trend trading is the way to go, but it’s also the most counterintuitive. In March 2020, when Bitcoin plummeted to 3,800 dollars, a friend of mine gritted his teeth and used all the down payment money for his house to buy Bitcoin.

Everyone around him said he was crazy, but six months later the coin price increased fivefold. He later told me: "My hands were shaking at that time, but I knew that buying in times of panic is the key to making money."

Setting profit and loss limits is very important. The rule I set for myself is: if losses exceed 5%, cut the loss immediately; if profits exceed 15%, withdraw the principal first. During last year’s bull market, this strategy helped me avoid the crash on May 19. That night, I watched the market plummet, and many friends holding positions directly blew up their accounts, while I had already set my stop-loss, keeping my losses within a manageable range.

The most crucial thing is frequent trading. There’s a statistic you might not know: 90% of retail traders who trade daily will lose all their money within three months.

I know a trader who used to make dozens of trades a day, but now he has switched to making only 1-2 trades a week and has become more stable in profitability. He said: "The money in the crypto world is not earned through hard work, but through patience waiting for it."

There are three iron rules in contract trading that must be remembered:

1. Leverage should not exceed 3 times; 1 time is the safest.

2. Think of the stop-loss point before placing each order.

3. Keep at least 10% as backup funds.

Money management is the real secret. My current approach is: 70% of the funds for buying spot and holding long-term, 20% for low-leverage contracts, and the remaining 10% for bottom fishing. This way, I won’t miss the bull market while also controlling risks.

To say something from the heart: In the crypto world, living long is a hundred times more important than making quick profits. Those who post daily about earning millions are either scammers or will eventually blow up their accounts.

The true winners are those who silently execute their strategies, taking profits when it’s time and cutting losses when necessary. Remember, in this market, discipline is your lifeline.

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