From a Debt Trader to an Annual Income of Tens of Millions: The Legendary Rise of a Trader

He was once an internet product manager, but he resolutely plunged into the ever-changing world of Web3.

He was heavily in debt and repeatedly encountered setbacks in the "200,000 curse";

Today, it is possible to achieve millions of dollars in profit with a single cryptocurrency, with annual earnings exceeding 40 million.

He has repeatedly topped the trading leaderboard, achieving astonishing results with real accounts: 20000% return on investment, a single coin profit of 1.4 million USD, and driving followers to profit 1.8 million USD.

This is not just a simple rags-to-riches story, but a true evolution history of traders filled with hardships, profound reflections, and continuous growth.

1. From Web2 to Web3: Finding a Breakthrough in Life

The beginning of every legendary story is often accompanied by unknown confusion and struggle. This trader's journey into Web3 began with dissatisfaction with the status quo and a desire for a side hustle. In 2020, he first encountered the Web3 field due to work requirements, and in 2021, he officially started his futures trading career. At first, he did not go all in, but cautiously tried, taking three to five k from his salary each month to trade.

However, reality soon dealt him a heavy blow: "The result at that time was that there were both gains and losses, but in the end, the losses were still greater." The deeper reason is that at the age of twenty-four or twenty-five, he felt the dual bottlenecks of career and life. Economic pressure and a sense of responsibility drove him to urgently seek a side job for a breakthrough. Web3 trading became the "lifesaver" in his eyes.

The turning point appeared in an unexpected place. Despite the overall losses in continuous trading and investment, he did not give up. He began to try the copy trading feature on a trading platform and operated with a copy number called "all in crypto." "In six months, he achieved a threefold return with very low drawdown, and as a result, he gained his first batch of followers." This successful copy trading experience made him determined to commit full-time to trading.

2. Unique Learning Method: "Stealing Skills" from Practical Traders

His learning method is simple and direct yet extremely effective: "It's just watching the real trades of actual traders in various trading software, getting to know them, trying every means to join their fan groups, and then asking them about the logic behind their trades." He emphasizes that the subjects of learning must be those "who are making substantial profits in real trading and are willing to share." This almost "apprentice-style" approach to learning allows him to directly access the most vibrant trading cases and the most authentic trading strategies.

He admitted that what he learned from these predecessors was not a rigid systematic methodology, but rather invaluable practical experience and a guide to avoiding pitfalls. "In fact, what I learned from them was not a systematic methodology, but rather something that can help you avoid many detours and lose a lot of money." This transfer of experience often strikes at the essence of trading more effectively than theoretical concepts found in books.

3. Breaking the "200,000 Curse": A Comeback for Debt Traders

Starting from a few k, reaching over 100k or even several hundred k is already not easy for many traders. However, he had once been trapped by the so-called "capital threshold" or "psychological threshold"—he repeatedly brought his funds to around 200k, but without exception lost it all back, which is what he refers to as the "200k curse." Breaking this curse was accompanied by an epic market capture and a heart-wrenching "wake-up call" from losses.

The real turning point occurred in 2024. He admitted that it was all about luck in that wave, "To be honest, it's just luck." But luck always favors those who are prepared. "Between March and June 2024, actually, there were two waves of market trends, one was the AI market and the other was the meme coin market, and I happened to catch both of them." Not only that, but before these major market trends started, he also accurately hit the "second spring" wave of inscriptions.

The successful capture of these three consecutive market waves has resulted in an exponential growth of his capital. More importantly, this tremendous success not only allowed him to pay off all his debts, but also to accumulate considerable profits. From that moment on, he felt that he could finally "keep going", breaking free from the shadow of previous repeated losses.

4. Trading Secrets: Abandon Indicators, Focus on Event-Driven

He studied various trading methods in his early days, such as the dual moving average system, EMA, naked K, Fibonacci, wave theory, etc., but now he hardly uses anything except occasionally looking at naked K, moving averages, and trading volume. "Indicators can only help you enter positions a little better, but they don't determine whether you can make big money in the end. So I have basically abandoned all kinds of indicators now."

What he values most when dealing with small altcoins or less popular mainstream coins is whether there are hot events driving them. This is because his significant gains this round have mainly come from "event-driven" strategies. For example, he shorted a coin based on macro events and made 1 million dollars, and later he also took the opportunity to buy another coin at the bottom, earning 1.3 million dollars.

"My trading doesn't have a system; it's completely adaptable. I can handle any market condition and use any type of stop-loss method." He is very flexible in trading and uses leverage very cautiously, with the actual leverage being far lower than the nominal leverage. As his capital increases, his leverage actually decreases, because lower leverage allows him to "take more risks and stay steadier," creating a positive feedback loop, leading to increasing profits.

5. Responsibility to Fans: Do not cut liquidity, be cautious in disclosing positions

"I don't cut everyone else's liquidity because I open positions based on logic." He admitted that all the cryptocurrencies he calls out are open and transparent, with no insider trading. He never secretly enters the market before calling out a trade, and the vast majority of his followers can act ahead of him.

But now, his mindset has changed. "I found that some projects have started to treat me as 'liquidity for unloading'. The entire market's liquidity is too depleted now, and any good event, once I publicly participate, could leave many people stuck at high positions. So now I am more cautious and don't want to do any 'front-running' anymore. I prefer to make money quietly, following my own logic. If you are willing to believe, you can follow along; if not, that's okay too. I will no longer actively disclose my positions because being public now is actually a harm to my fans."

6. Outlook and Suggestions for the Market

When discussing the market outlook and Bitcoin prices, he stated, "I can never be bearish on Bitcoin." He believes that an extreme "deep bear" situation is unlikely to occur currently, but he anticipates a 25% level correction in the future and will choose to go long once the correction is in place.

For novice users who want to "turn the tables", he advises against trading with debt and gambling on fluctuations in the secondary market. Instead, they should directly participate in project development, accumulate a certain amount of capital and understanding, and then consider engaging in "swing trading" in the futures market. Additionally, he suggests that novice users can pay attention to some strong real traders to learn from them.

From being heavily in debt to earning tens of millions a year, this trader's journey is full of drama and contains profound trading wisdom. His story and insights hold high reference value for everyone navigating the trading market.