Many people enter the crypto space with the idea of hitting the jackpot immediately, but actually, you need to first get that first million — with this principal, even earning just 20% on spot trading can cover an entire year’s salary for a typical office worker.

I’ve been in this circle for so many years, and the secret to surviving isn’t making a little bit of pocket change every day, but learning to split compound interest into several explosive waves, relying on rolling positions to turn small money into big money. Usually, I play with small positions to get a feel, and when I really make a move, I push with full firepower, always rolling up and never rolling down.

So when is the right time to make a move? Three signals are particularly critical:

1. After a long sideways consolidation following a sharp decline, a sudden gap-up with volume breakout indicates a true trend reversal.

2. On the daily chart, reclaim important moving averages with volume increasing simultaneously, showing that market sentiment is clearly warming.

3. When there’s no significant news or rumors, and retail investors are still complaining on forums, large funds are already quietly building positions.

Here's an example with 50,000 RMB:

First, this 50,000 must be profit earned previously, not the principal. Keep the principal stable and then roll positions. Use an isolated margin mode, controlling the total position within 10%, with leverage not exceeding 10x — in effect, the same as 1x leverage, with a strict stop-loss at 2%.

Only when the price breaks up by 10% can you add the first position. The new position should only use 10% of that 10% upward movement to open, with the stop-loss firmly set at 2%. Never go all-in, chase after positions, or hold on stubbornly; when the stop-loss is hit, immediately close the software and save the bullets for the next opportunity.

In a 50% upward cycle, compounded, you can grow to 200,000 RMB, and after two such cycles, you break 1,000,000 RMB. Simply put, if you can roll through 3 to 4 such cycles in your lifetime, from 50,000 to 100,000 to 1,000,000, then you can achieve your goal and step back.

Risk management principles to remember:

Don’t roll in sideways markets, don’t roll during slow declines, and don’t roll during policy-related coins. Even if the isolated margin account gets liquidated, only the margin is lost; other funds are protected automatically, and the total account won’t be pierced. During rolling, always take 30% of profits to improve your life — buy a house, a car, whatever you need. Don’t let greed wipe out your previous gains.

In essence, rolling positions is about waiting for opportunities. When they come, roll; when they don’t, stay flat. It’s better than reckless operations and missing out on good opportunities.

Once you genuinely roll out that first 1,000,000 RMB, you’ll naturally understand what position management, emotional control, and market cycles are. The rest is simply repeating this methodology. This market always favors those who are prepared.