It took one year and nine months for the real trading to grow from 50,000 yuan to 100 million yuan, with an increase of 2000 times. During the same period, the price of Bitcoin also rose from 30,000 dollars to 120,000 dollars, continuously setting new historical highs.
Looking back on this journey, the overall process was relatively smooth. Thanks to strict position control and risk management, there was only one significant drop during this period. After breaking through 10 million yuan, the main strategy was to engage in swing trading with Bitcoin, Ethereum, SOL, etc., combined with high leverage to achieve excess returns, with most profits generated this year.
The cryptocurrency market is never short of exceptionally talented individuals; every market cycle gives rise to new "legends," and the times create heroes. However, in this field, what is more critical than becoming rich quickly is how to achieve long-term survival. You must ensure that you remain in the market until your goals are achieved. In the future, as more institutions participate, operational challenges will intensify. It is advisable to cherish this wave of market before interest rate cuts, achieve your goals early, and exit gracefully.
There is much to express, and I will share gradually in the future. Briefly discussing why I was able to incur smaller losses in adversity while making substantial profits in favorable conditions:
Do not average down on floating losses, add positions on floating profits#
When holding a losing position, never add to the position to dilute the cost; you can choose to hold (provided you have full confidence in the future market), but absolutely do not increase the position. Conversely, when holding a profitable position, only then should you add to the position and set a stop-loss to lock in safety margins.
Stay clear-headed during favorable periods, know when to rest during unfavorable periods#
Everyone will encounter market conditions that suit them, but do not view a phase as eternal. Overconfidence often leads to significant drawdowns—my several major drawdowns or liquidations stemmed from this. When the market trend does not align with expectations, you need to know when to take a proper break and adjust your state.
Block out external noise, establish your own trading system#
Most people's problem lies in analyzing a lot but not daring to open positions or hold positions. The root cause is a lack of confidence. You need to form your personal trading logic through practice, and then optimize your take-profit and stop-loss strategies by learning from excellent traders, rather than relying on external distractions.
Achieving a profit breakthrough of over 100 million yuan has always been a small goal, and today it has finally been realized. I will restart trading on Binance, pause operations on other accounts, focus on a single account, and Coin will also be publicly integrated to accompany loyal fans in growing together.
from @予与 vkx
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