Newbie trading cryptocurrencies, only have $10, how can I turn things around?

Actually, the key is to first grow the principal to about 10U. With this small capital, the first step is to try half a position—use $5 as margin, and with 100x leverage, you can earn about 0.2 ETH. If your judgment is correct, you should at least double your money before exiting; if wrong, you risk a 20% loss and get liquidated, leaving you with $5 to continue trading, which provides some room for error. If the market moves favorably and you can gain over 50 points, you can exit and then grow from there, reaching $20 in one wave.

At the $20 stage, the approach remains the same—continue using $10 as margin to repeat the process. If you get it right twice, you can aim for $40; then, with $20 margin, push further, and a third correct prediction can bring you close to $80. At this point, you should split into multiple positions, only moving $10 each time. Even if you make 8 mistakes, you won't be wiped out. No rush—this way, in about a month, you can grow to around $200.

After a month, split into 10 positions, each with $20, and trade steadily. Give it another month, and there's a high chance to reach $1,000–$2,000. Before hitting $1,000, use a position-by-position approach; after that, consider switching to full position trading, dividing into 20 positions, each with $50, to manage risk. From $10 to $1,000, a steady 2 to 3 months can get you there.

But there's a hurdle—the number $1,000. Many people get stuck here because of inexplicable overconfidence, going all-in at once, only to get wiped out in one blow and lose the chance to recover. The biggest mistake in trading is impatience—if you're wrong, accept the loss and move on; don't hold on to losing positions. Take the hits, stay calm, and learn to be friends with time. Proper position management is the fundamental logic for earning steady profits.

Real trading is meaningful only when practiced; if you want to avoid pitfalls and grow steadily, don't trade blindly alone in the crypto space. Learn how to use a winning mindset to make money.