Today I learned about the rolling method. After calculating the rate of return, my heart was beating wildly. I am still not suitable for rolling.
The most critical part of this method is the prediction of the market, and it is only suitable for one-sided market. The decline of the currency circle is fast and fierce, and the falling market is more suitable than the rising market. Rolling requires a high degree of personal ability to grasp the timing. There are many opportunities for rolling in the currency circle, which are rare. The currency circle rolling method is only suitable for use in extreme market conditions, especially extreme crashes.
During the epic collapse of the currency circle on May 19, 2021, Liang Xi, a celebrity in the currency circle, became rich overnight and famous overnight because of his bold short selling. Liang Xi's short order went from 1,000 yuan to 30 million yuan.
On May 11, 2022, the Luna coin in the currency circle, which was nicknamed "Moutai in the currency circle", collapsed. In just one month, Luna coin fell from $119 to less than $0.0002, a 99.99% drop, leaving countless people with nothing overnight. This is also the best time to roll Luna coins and short.
On November 9, 2022, the currency circle collapsed. FTX, the world's leading cryptocurrency exchange founded by SBF, and hedge fund Alameda collapsed. Subsequently, the price of FTX's platform coin FTT plummeted by more than 90%, directly bringing down the entire virtual currency market. From 12:00 a.m. on November 9, the price of FTT fell all the way. In less than 3 hours, its price dropped from a high of $17.71 to $4.6, a drop of 74%. This is the best time to roll FTT coins and short.
In addition, the final high-rising stage of Bitcoin in the bull market is fast and fierce, which is the best time to roll long. Then the falling stage of the bull top is the best time to roll short.
Many friends still don't know what rolling is, repeat it.
Rolling is defined as "small capital, high leverage, standing still, stop loss when the position is liquidated, and increase position when the floating profit is increased". Generally, 10x leverage is used, and the position is liquidated when the highest point drops by 10%.
The advantage is that in a one-sided market, the myth of 100x can be achieved as quickly as possible. After using rolling, you are no longer afraid of the price, because there is only one bull market top, and it will rise no matter how much the callback is.
The disadvantage is that it is a life-or-death struggle, and it is only effective in a one-sided market. You must use small capital, and it is not painful to lose money. It mainly depends on opportunities. Only a small number of friends with insight can achieve great success.
The difficulty lies in testing your courage when opportunities come.