To make your first 1 million in the crypto world, you need to start with a solid and practical approach. Many people begin by dreaming of becoming a millionaire, but in reality, you should first set your target at 1 million—once you have that amount, even just holding spot positions with a 20% return can outperform an ordinary person’s entire year's effort.

Having been in this circle for many years, I’ve realized that those who truly survive rely not on daily small gains from minor trades, but on understanding how to break down compound interest into several powerful hits, which is the rolling position method. Usually, small positions are used to test the waters; when the market trend truly emerges, the big guns are deployed—key is to only roll long positions, never touch short positions.

So, when is a real trend signal confirmed?

The first clear signal is: after a sharp decline, the price consolidates at the bottom for a long time, then suddenly breaks out with high volume—this is a confirmed trend reversal. The second signal is when the daily chart moves above key moving averages, with volume and price rising together, indicating market sentiment is warming. The third and most subtle signal is when hot search rankings stay quiet, and retail investors are still complaining, while the main funds are quietly entering to build positions.

Let’s take 50,000 yuan as initial capital to demonstrate the process:

First, this 50,000 should come from previous profits, not the original principal. Stop-loss to recover losses and close the wounds before talking about rolling positions. Second, use a segregated account mode, controlling total position within 10% of the overall account, with leverage not exceeding 10x. This makes the actual leverage about 1x, and setting a 2% stop-loss is the safest choice.

After price breaks out, patience is needed for the first addition: wait until it rises 10% before adding to the position, then use 10% of the new profits to open a new position, keeping the stop-loss at 2%. The most important discipline during this process is—never go all-in, never add to losing positions, and never hold onto losing trades. When hitting the stop-loss, just shut down and save your bullets for the next opportunity.

If you catch a 50% main upward wave, through compound interest, your capital can grow to 200,000. Catch two such waves, and 1 million is within reach. In fact, as long as you grasp 3 to 4 such opportunities in your lifetime, from 50,000 to 1 million to 10 million, the path becomes smooth.

Remember this risk control mantra: avoid rolling during choppy markets, avoid rolling during prolonged declines, and avoid rolling message-driven coins. These three “don’ts” help you avoid big pitfalls. Also, a very important point—using segregated accounts means that even if your principal is lost, only the segregated margin is at risk; other funds are automatically locked and protected, so you won’t lose the total account balance even in liquidation.

During the rolling process, you also need to do one thing: whenever you make a profit, withdraw 30% to buy a house or a car—secure your gains. Don’t let greed ruin your early achievements—this is a painful lesson.

Simply put, the essence of rolling positions is not gambling your life, but waiting for opportunities. When they come, roll; when they don’t, lie flat. It’s better to miss an opportunity than to operate recklessly. Chaotic operations cost more than missing a chance.

When you finally roll into your first 1 million, you will naturally understand position management, emotional control, and market cycles. The subsequent path is mostly copy-paste, and the difficulty decreases. That’s how this market works—opportunities are never lacking; what’s missing are those who are prepared.