After one year and nine months, the real trading account grew from 50,000 yuan to 100 million yuan, a 2000-fold increase. During the same period, Bitcoin also rose from 30,000 to 120,000 yuan, reaching new highs.
Looking back, this journey has been relatively smooth. Thanks to strict position management and risk control, there was only one major drawdown during this period. After breaking through 10 million yuan, I mainly achieved excess returns through swing trading of assets like Bitcoin, Ethereum, and SOL, combined with high leverage, with most profits coming from this year.
The cryptocurrency market is never short of geniuses; every round of market movement gives birth to new "gods," as the times create heroes. However, in this market, what is more important than getting rich overnight in the short term is how to survive in the long term. You must ensure that you stay at the table until you achieve your goals. In the future, as more institutions enter the market, the difficulty of operations will increase, so I advise everyone to cherish this round of market before interest rate cuts, achieve your goals early, and exit calmly.
There is a lot I want to say, and I will share it gradually in the future. Briefly, here’s why I can minimize losses in adversity and maximize profits in favorable conditions:
Do not average down on floating losses, add positions on floating profits#
When your position is trapped, never average down to reduce the average cost; you can choose to hold the position (provided you have a good grasp of the future market), but you must not average down. Conversely, when floating profits appear, only then should you add positions and set a breakeven stop-loss to lock in a safety net.
Stay clear-headed during favorable periods, know when to rest during unfavorable periods#
Everyone will encounter market conditions that suit them, but do not treat a phase as permanent. Overconfidence often leads to significant drawdowns—my several major drawdowns or liquidations stem from this. When the market trend diverges from expectations, know when to take a break and adjust your state.
Block out external noise, establish your own trading system#
Most people's problem is that they watch countless analyses but dare not open positions or cannot hold onto their trades. The root cause lies in a lack of confidence. You need to form your own trading logic, optimizing your take-profit and stop-loss strategies by summarizing the strengths of excellent traders through practical experience, rather than relying on external noise.
Achieving a real trading profit breakthrough of over 100 million yuan has always been a small goal, and today it has finally been achieved. I will restart real trading on Binance, pause operations on other accounts, and focus on operating a single account. CoinCoin will also be publicly integrated, growing together with everyone.
from @予与 vkx
Solving the issue of accessing the OKX exchange in China#
Many exchanges' original domain names may be blacklisted, or access speed may be affected due to servers being located overseas. For ordinary users, this situation often leaves them at a loss, even doubting whether the exchange itself has issues. In fact, this is more due to the network environment rather than a platform service interruption. To address this issue, exchanges like OKX and Binance usually update their backup domain names regularly to ensure users can continue to access the official website through alternative addresses.
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- OKX backup domain Overseas OKX - Need to bypass restrictions or Alternative 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/HTX
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- Gate backup domain Gate.io (Gate)
Related Reading#
🔥🔥🔥 Useful tools for finding gold dogs#
1️⃣ Axiom Dog-Charging Tool https://axiom.trade
2️⃣ Gmgn Dog-Charging Tool https://gmgn.ai
3️⃣ dbot Dog-Charging Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
Everyone is searching for#
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