How to earn the first 1 million in the crypto world?

Don't focus on the million-dollar dream yet; you need to first reach the six-figure threshold in this market. Hold onto this money, and with just a 20% fluctuation in spot trading, your gains can match an entire year's salary for a regular worker.

Having been active in the crypto market for so long, relying on daily small profits is never the main strategy. The real approach is to compress compound interest into a few key battles—practice with small funds during normal times to build experience, and when a genuine signal appears, go all out. Also, remember to only hold long positions; avoid shorting.

What signals are worth acting on?

Look at three dimensions: prolonged sideways consolidation after a sharp decline, followed by a sudden volume breakout upward—this confirms a trend reversal; daily chart breaking above key moving averages with volume and price expanding together—indicating market sentiment is warming; and when hot search rankings are quiet and retail traders are still complaining about losses, the main funds are already quietly building positions.

How to execute operations?

Using a 50,000 yuan principal as an example: this should be profit from previous trades. First, stop losses to prevent further losses, then focus on position scaling.

Use isolated margin mode, controlling single-position size at 10% of total funds. Leverage should be no more than 10x; practically, this means operating with 1x leverage. Set a fixed stop-loss at 2%.

After confirming a breakout, add to your position once the price has risen enough—about 10%. Use 10% of the new profits to open a new position, keeping the stop-loss at 2% at all times.

Strictly avoid all-in bets, adding positions impulsively, or holding through losses. When hitting the stop-loss, immediately exit the position to preserve your bullets for the next opportunity.

A 50% main upward trend, compounded over time, can grow to 200,000. Catching two such main waves is enough to reach 1 million. Honestly, just three to four successful cycles from 50,000 to 1 million, then to 10 million, and you can consider stopping.

Risk control mantra to memorize:

1️⃣ Don’t trade during sideways or downward trends, avoid trading on hype or news-driven coins.

2️⃣ Losing your principal only means your isolated margin is gone; other funds are automatically locked to protect the overall account. Even if liquidation occurs, your main account remains safe.

3️⃣ During position scaling, always withdraw 30% of profits—cash out for buying a house or car. Don’t let greed sabotage your gains.

Ultimately, position scaling isn’t gambling; it’s waiting for opportunities. Act when the signal appears, rest when it doesn’t. Better to miss some trades than to operate recklessly.

Once you successfully grow your first 1 million, you’ll naturally understand position management, market sentiment, and cycle rhythms. The rest is just repeating these actions.

This market is like that—opportunities always favor those who are prepared.