In contract trading, there is a high-risk strategy that rivals walking a tightrope, with excitement far surpassing simply holding coins and lying flat. This is called "rolling positions"—continuously reinvesting to amplify returns.

There are two possible outcomes on this path. Some have used it to turn from nothing into financial freedom, while others have plummeted from the peak to the bottom in an instant. I've seen too many people accumulate a million in assets through rolling positions, only to lose everything in the final trade.

Rolling positions is a high-risk, high-reward approach. If successful, you can get rich overnight, but the chances of failure are equally alarming.

A real case left a deep impression: a buddy started with only 1,000 yuan in living expenses, and over three months of rolling positions, he managed to turn it into 100,000 yuan, as if he had opened the vault.

The basic strategy of this approach boils down to three steps: first, use 100x leverage; second, continuously reinvest the profits; third, stick to the chosen direction without wavering.

The execution is as follows. Start with $300 to test the waters, opening each position with only $10 at 100x leverage. As long as the profit reaches 1%, the principal can double. The profits are split in two: half cash out and take the profit, the other half continues to roll. Under the scenario of 11 consecutive correct bets, that initial $10 can grow into $10,000. It sounds wonderful in theory.

But in reality? 99% of people end up losing. The reasons are mainly three: greed, an inability to accept losses, and frequently changing directions. I’ve fallen many times before realizing this, and I set strict rules for myself: cut losses immediately if I see the market wrong; if I hit 20 consecutive losses, pause trading; once the account profits reach $5,000, withdraw and do not risk everything.

Last year, during a major market opportunity, I kept $500 in for four months, then in three days, I rolled the account up to $500,000. The key to rolling positions is timing. It’s not possible to do it every day; you have to wait for the right moment. When the opportunity arises, go all in.

Before trying this path, you need to ask yourself three questions: first, can you accurately judge the rhythm of market rises and falls; second, can you see the signals of trend reversal clearly; third, can you truly control your greed? If all three are yes, then consider entering. Otherwise, it’s safer to buy coins and hold long-term.