Take a look at how Yuanbao answers:

Q: In the crypto contracts, how can 1300 USD turn into 1 million USD?

A: Turning 1300 USD into 1 million USD means the capital needs to grow by about 770 times. In the contract market, this is a “lottery-level” goal—technically possible, but in reality the probability of liquidation is far greater than the probability of success. This is more like a high-risk probability game than a solid investment strategy.

Mathematical logic: How many times do you need to keep betting correctly in a row?

To achieve a 770-fold increase, the key path is high-leverage compound growth. Suppose you can precisely hit the target point every time:

Leverage multiple | Single gain target | Number of consecutive correct bets needed | Tolerance (reverse movement that triggers liquidation)
10x | 10% | About 7-8 times | Price moves back by ~10% and triggers liquidation
20x | 5% | About 12-13 times | Price moves back by ~5% and triggers liquidation
100x | 1% | About 7 times | Price moves back by ~1% and triggers liquidation

Harsh truth: Even with 20x leverage, you need to be right like a machine for 12 times or more in a row—and there can be absolutely no drawdown in between. In the high-volatility environment of the crypto market, this is almost impossible.

The deadly trap of the so-called “rolling position” (rollover) strategy

Many tutorials teach you “adding positions with floating profits” (rollover)—meaning that after you’re in profit, you put all the gains into the next trade, accelerating compound growth. While this is indeed the fastest path in theory, there are two fatal problems:

1. Survivorship bias: Behind the success stories you see (such as turning 500 into 1 million) are thousands upon thousands of accounts that got liquidated to zero. These stories often only talk about the thrilling “almost 10 million” moment, but never mention the final outcome of going to zero.

2. Zero tolerance: The rollover strategy requires you to never be wrong even once. One wrong judgment, one “pin” (a sudden, violent price spike), or even a one-time trading platform lag can wipe out all profits along with the principal instantly.

Realistic advice: How should you treat this 1300 USD?

If you treat this money as “tuition” or “lottery funds,” and you’re willing to take the risk of ending up at zero, you can try the following baseline moves:

1. Split up and test: Don’t go all-in at once. Divide the 1300 USD into 3-4 parts (e.g., 300-400 USD per part), and only use one part each time. This gives you 3-4 chances to test and adjust, instead of risking everything with a single shot.

2. Control leverage strictly: For mainstream coins like BTC/ETH, it’s recommended to keep leverage at 3-10x. Although it looks “slower,” it helps you withstand normal fluctuations and prevents you from getting shaken out by minor noise. 100x leverage is typically a “suicidal” move in live trading.

3. Adjust your target: Change the goal from “1 million” to “10%-20% return per month.” By using strict stop-loss rules (single-trade losses no more than 2% of the principal) and compounding gains over time, you may not become rich overnight—but your chances of survival are much higher.

Final reminder:

The essence of contract trading is a negative-sum game (including trading fees and funding fees). In the long run, over 90% of contract traders lose money. The reason the story of turning 1300 USD into 1 million USD is passed around is precisely because it’s so rare. Please be sure to try only with spare money you can afford to lose completely.