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 dollars to 120,000 dollars, reaching new highs.
Looking back, this journey has been relatively smooth. Thanks to strict position management and risk control, there was only one significant drawdown during this period. After breaking through 10 million yuan, I mainly achieved excess returns through swing trading 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," and the times create heroes. However, in this market, what is more important than becoming rich overnight 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 are many things I want to say, which I will share slowly 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 lower 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. On the contrary, when floating profits appear, only then should you add positions and set a breakeven stop-loss to lock in a safety cushion.
Stay clear-headed during favorable times, know when to rest during unfavorable times#
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 deviates from expectations, you should know to take appropriate breaks and adjust your state.
Block out external noise, establish your own trading system#
Most people's problem lies in watching countless analyses but not daring to open positions or hold onto trades. The root cause is 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 trading on Binance, pause operations on other accounts, and focus on operating a single account. CoinCoin will also be made public, allowing us to grow together.
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 the exchange itself. In fact, this is more due to the network environment rather than a service interruption on the platform. To address this issue, exchanges like OKX and Binance typically update 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 (Huobi/HTX)
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- Gate backup domain Gate.io (Open Sesame)
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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