After one year and nine months of live trading, the capital grew from 50,000 yuan to 100 million yuan, achieving a 2000-fold return. During the same period, Bitcoin also rose from 30,000 dollars to 120,000 dollars, continuously setting new highs.
Looking back on this journey, it has been relatively smooth overall. Thanks to strict position management and risk control, there was only one major drawdown during this period. After the capital broke through 10 million yuan, excess returns were mainly achieved through swing trading of cryptocurrencies such as BTC, ETH, and SOL, combined with high leverage, with most of the profits generated this year.
The cryptocurrency market is never short of geniuses, and each market cycle gives rise to new "myths," with the times creating heroes. However, in this market, what is more important than becoming rich quickly is how to survive in the long term. You must ensure that you remain in the market until you achieve your goals. As more institutions enter, the difficulty of operations will increase, and it is recommended that everyone cherish this market cycle before interest rate cuts, achieve their goals early, and exit calmly.
There is much content I want to share, and I will gradually unfold it in the future. Briefly discussing why I can control small losses during downtrends and achieve large profits during uptrends:
Do not average down on floating losses, add positions on floating profits#
When there are floating losses, never average down to reduce the average cost; you can choose to hold (provided you have full confidence in the future market), but you must not average down. On the contrary, when there are floating profits, only then should you add positions and set a breakeven stop-loss to lock in a safety cushion.
Stay clear-headed during uptrends, know when to rest during downtrends#
Everyone will encounter market conditions that suit them, but never regard temporary success as permanent. Overconfidence often leads to significant drawdowns—my several major drawdowns or liquidations stemmed from this. When the market trend diverges from expectations, one should know when to take a break and adjust their state.
Filter out external noise, establish your own trading system#
Most people's problem is that despite reading a lot of analysis, they dare not open positions or cannot hold onto them, which stems from a lack of confidence. You need to form your own trading logic, summarize and absorb the strengths of excellent traders through practical experience to optimize your take-profit and stop-loss strategies, rather than relying on external noise.
Achieving a live trading profit breakthrough of 100 million yuan has always been a small goal of mine, and today it has finally been achieved. I will resume live trading on the Binance platform, pause operations on other accounts, focus on a single account, and publicly share through Coin to grow together with everyone.
from @予与 vkx
Solving the issue of accessing the OKX exchange in China#
Many exchanges' original domain names may be on a restricted list, or access speeds may be limited due to servers being located overseas. For ordinary users, this situation can often be confusing, even leading to doubts about platform service interruptions. In fact, this is more due to the network environment rather than issues with the exchange itself. To address this situation, exchanges like OKX and Binance typically update their backup domain names regularly to ensure users can access the official website through alternative addresses.
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- OKX backup domain Overseas OKX - Need to use a VPN or Backup link
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- Binance backup domain Binance
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- Bitget backup domain Bitget
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- Bybit backup domain Bybit/Bybitglobal
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- Huobi HTX backup domain Huobi (Huobi/HTX)
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- Gate backup domain Gate.io (Gate)
Related Reading#
🔥🔥🔥 Alpha finds practical tools for dog trading#
1️⃣ Axiom dog trading tool https://axiom.trade
2️⃣ Gmgn dog trading tool https://gmgn.ai
3️⃣ dbot dog trading tool https://app.debot.ai
4️⃣ Morelogin multi-account fingerprint browser www.morelogin.com
Everyone is searching for#
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