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How to turn 3,000 into one million?
First of all, using 3,000 as starting capital in the crypto world is enough. Money isn't about how much you have; making a profit is what matters; reckless operations can wipe you out instantly.
1. You can use 2,500 for spot trading and 500 for futures contracts.
If you can choose this kind of one-sided skyrocketing asset, then in just three days your 2,500 will become 5,000, meaning you already have a principal of 5,500. Deduct the 500, because for beginners, trading futures with 500 usually results in instant liquidation!
2. 500 yuan can be divided into five times, 100 yuan each, opening contracts with ten times leverage. If the price moves in the opposite direction by 10 points, you get liquidated. Beginners are advised to open isolated margin positions because even if you get liquidated, your remaining funds in the trading account stay. With cross margin, if the market moves sharply, your account could be wiped out instantly! Many newcomers who lose everything in futures trading do so for this reason!
3. When doing spot trading, you must be able to choose explosive assets: assets that double or even multiply several times within the same period, which can happen in just a few days or even hours. This is why many people are obsessed with the crypto space. And this is just spot trading—what if you add ten times leverage?
4. The methods mentioned above are not very meaningful for beginners because, to make profits, you need not only certain trading skills but also to overcome human nature. In trading, success often starts with technique but ends with human psychology!
5. Starting with 3,000 yuan in the crypto space, don’t expect too much right away. If after a few trades your principal is still intact, you are already much smarter than others!
Regarding how to choose explosive assets, you can follow me, and I will share this for free in future articles.
Finally, I wish everyone to enjoy profits!