Recently, a piece of news about the ETH trading market has attracted widespread attention. According to reports, in March 2025, a trader named Liangxi made a profit of 10 million yuan within just a few hours by using a principal of 10,000 yuan to roll over positions and shorting while the ETH price fell sharply by 9.55%. This news quickly spread online, sparking heated discussions among many about rollover trading.

However, behind this seemingly exciting story lies enormous risks. In fact, Liangxi has previously experienced 37 liquidations, with total losses exceeding 5 million yuan. This detail is often overlooked, but it clearly demonstrates the high-risk nature of rolling margin trading.

Roll-over trading is essentially an extreme trading strategy under high leverage. In Liangxi's successful case, it included precise market judgment, reasonable capital management, and strict stop-loss strategies. During the process of ETH price oscillating downwards, he captured every price fluctuation opportunity through both long and short operations. At the same time, he added the profits from each trade to the next trade, leveraging the compounding effect to amplify returns. Nevertheless, he still set a narrow stop-loss range to control the risk of loss for each individual trade.

However, there is a significant mathematical trap in rolling trades. Even if the first nine trades are successful, a failure in the tenth can lead to a total loss of funds. In 2024, an investor earned 1 million yuan after nine consecutive successful rolling trades, only to lose it all in the tenth operation. Moreover, large-scale rolling operations may also trigger reverse market fluctuations, increasing the difficulty of trading.

Interestingly, another trader named Tony is also known for rolling futures trading. He claims to have increased 50,000 to 20 million through a year of rolling operations. However, behind this is up to 16 hours of watching the market daily and hundreds of trial-and-error experiences. The rolling strategy summarized by Tony includes: only operating in clear major trends, gradually reducing positions to lock in profits after making money, and always keeping half of the funds to cope with extreme market conditions.

Although these success stories are appealing, it is extremely difficult and dangerous for ordinary investors to replicate such trading strategies. Rolling over trades requires deep market experience, excellent psychological qualities, and strict capital management skills. For most people, a robust investment strategy and risk control are the keys to long-term profits.