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Share their experience:
How to roll positions and snowball:
Step 1: Start with 100U, first train your courage.
At the beginning, I thought: Even if I lose all 100U, it won't affect my life. So I went all in, with 5 chances total. $BTC 1. Only trade one coin: Choose Bitcoin (BTC). The market is large and not easily manipulated, giving peace of mind.
2. Don't be greedy with leverage: Use 20x leverage. 100x is too exciting; I'm afraid I'll lose my cool. 20x amplifies gains while keeping risk relatively manageable.
3. Don't over-leverage positions: Only use half of my capital to open a position each time, that is 50U. Keep the remaining 50U as backup to avoid unexpected liquidation due to a price spike.
4. Set strict rules: Exit if profit reaches 10%, never hold out for more; cut loss at 5%, never average down. Make at most 2 trades per day, stop regardless of win or loss.
Stick to this for a month; 500U grew to 3000U. Slow but steady.
Step 2: Roll and increase positions, let the snowball grow bigger.
With 3000U capital, I started adjusting the strategy, but the core discipline remained.
1. Still half-position trading: With 3000U, open positions with 1500U each time.
2. Add to winning positions: For example, if 1500U makes 10% profit, it becomes 1650U, total capital becomes 3150U. Next time open with half of 3150U, which is 1575U.
3. Restart on loss: Once a trade hits stop loss, immediately reduce position back to the initial 500U, wait for a few consecutive wins then gradually increase.
This stage tests patience the most. It took me three months, through many small wins, to roll 500U to 100K U.
Step 3: Seize big market moves, achieve a qualitative leap.
By the fifth month. The market saw a decent bullish trend.
1. Increase position size: With enough profit and confidence accumulated, I increased the single trade position ratio to 70%.
2. Dare to hold: Previously I would exit at 10% profit; this time, seeing the trend was good, I raised the take-profit target to 30%.
3. Strict stop-loss: At the same time, I set a tighter stop-loss to ensure that if I was wrong, it wouldn't hurt badly.
With this one market move, I went from a few hundred U directly to 100K U.
Final words:
The crypto space doesn't lack opportunities, but it lacks people who can control themselves and survive to wait for opportunities. Remember, getting rich slowly is the fastest path.
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