Futures
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Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
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Demo Trading
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Launch
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Achieving the goal of earning 1 million RMB in the crypto world may seem difficult, but there is a way to go about it. Some people believe that hoarding coins and selecting coins are all based on luck, like winning the lottery. However, from a scientific trading perspective, taking Futures Trading as an example, there are only two directions, long or short. Even if chosen randomly, theoretically there is a 50% chance of winning. If one can study diligently, spend six months delving into various trading books, carefully build their own trading system, increase the winning rate by 1% to reach 51%, and strictly follow stop-loss and take-profit strategies, maintaining a profit-loss ratio of 1:1.5 or even higher, then the profit prospects are very promising.
Assuming a 5-minute short-term single operation, 5 trades a day, 100 trades can be made in 20 days. With a 1:1.5 profit-loss ratio, the profit in 20 days can reach 50%. If the initial capital is 1000u, following this mechanical operation for 240 days can break through 1 million. Even with a 1:1 profit-loss ratio and a 51% win rate, continuous operation for 3 years can increase 1000u to 1 million. Moreover, with 10x leverage and a 1:1.5 profit-loss ratio and a 50% win rate, the risk of liquidation is only 0.8%. If the win rate is increased by 1% due to learning, strict operation will almost eliminate the risk of liquidation.
However, the most difficult part of profiting in the crypto world is not the technical aspects of long or short decisions, nor the amount of capital, but overcoming one's own human nature. As funds gradually increase from 1000u, every second of price fluctuations tests one's mentality. Only by being as calm as still water and unruffled by waves, can one gradually move further on the road to profit in the crypto world. At that time, 1 million may be just a small interim goal, and bigger dreams of wealth may also be within reach.