Why can some people turn their principal into millions, only to drop to zero in the end?

In other words, I just don't understand how rolling over works.

In the crypto world, if we're talking about explosiveness, no one would dare to claim the first place in rolling positions. Holding coins? Too laid-back. Swing trading? Too slow. If you play rolling positions skillfully, your capital can really soar exponentially; but if it collapses, a single retracement can drop you from heaven to hell.

When I was at my worst, my account had just over 1000U left. Relying on this rolling position strategy, I managed to make it to 100,000 in three months.

Sounds impressive? Actually, the core is just a few words:

High leverage + profit reinvestment + sticking to one direction.

I started with just 10U to test the waters, and the actual principal is 300U. Every time I make a profit, I put half in my pocket and continue to roll the other half. Theoretically, if you get it right for 11 consecutive times, 10U can turn into 10,000.

But most people can't even make it through the second round. Why?

Once you start making money, you are reluctant to leave, always thinking "one more round for more excitement";
Not convinced after losing, the more I lose, the more agitated I become.
Long and short positions switch back and forth, swayed by the market.

My approach has always been very simple, just three strict rules:

**1. Wrong direction? Cut it immediately.**

I am not anxious even after losing 20 times, because I don't let emotions affect my trades. If I'm wrong, I admit it; there's nothing to be conflicted about.

**2. Account exceeds 5000U? Withdraw a portion immediately.**

Making money is actually not difficult; what's difficult is whether you can hold onto it.

**3. If you don't have a chance, don't move. Itchy hands? Hold on. **

Last year I caught a big trend, I turned 500U into 500,000 in three days. Sounds great, right? But do you know how long I waited for this market movement?

Four months.

For a full four months, I haven't done anything, just waiting for a sufficiently high-certainty one-sided opportunity.

People often ask me now: "Can we still roll now?"

I won't directly answer whether you can or cannot. You have to ask yourself three questions first:

- Is the market volatility sufficient?
- Is the trend clear enough to see at a glance whether it is one-sided?
- Can you just eat the middle part of the meat and not touch the head and tail?

If your answers to these three questions are all yes, then it is time to roll over the position.

Rolling positions is not based on passion; it is a highly disciplined offensive strategy.

Remember this phrase:

It's not that you can't roll to a million, but whether you can live to see that opportunity arise.