From trading losses to an annual income of 40 million: The growth journey of a legendary Web3 trader

He was once an internet product manager, and later ventured into the ever-changing Web3 world.

He was heavily in debt and repeatedly faced setbacks in the "200,000 curse."

Now he can achieve millions of dollars in profit multiple times through a single cryptocurrency, with annual earnings exceeding 40 million.

He topped the leaderboard of a trading platform three times, achieving an astonishing performance with real battle results: 20000% return on investment, a profit of 1.4 million USD on a single coin, and 1.8 million USD in profit for followers.

This is not just a simple story of wealth reversal; it is a true evolution history of traders filled with hardships, profound reflections, and continuous growth.

1. From Web2 to Web3: Finding a Breakthrough

Every legendary story often begins with unknown confusion and struggle. This trader's journey in Web3 started with dissatisfaction with the status quo and a desire for a side hustle. In 2020, due to work requirements, he first encountered the emerging field of Web3, and in 2021, he officially began his futures trading career. At that time, he was not going all in, but approached it with caution and a mindset of experimentation.

"At the beginning, the principal was very small, with a monthly salary of over 10,000, I could take out 3,000 to 5,000 yuan for trading." He resembled countless young people who have just entered this field—harboring a yearning for wealth appreciation, cautiously testing the waters with part of their salary. However, reality quickly dealt him a heavy blow: "The result at that time was a mix of losses and gains, 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 bottleneck in his career and life. "Economic pressure, such as the responsibilities a man should bear: 'buying a house and a car, providing a better life for his girlfriend,'" these practical considerations made him eager for a side job to seek a breakthrough. Web3 trading became the "lifeline" in his eyes at that time.

The turning point appeared in an unexpected place. Despite overall losses during continuous trading and investment, he did not give up. He began to experiment with the copy trading feature on a trading platform, using a copy trading ID called "all in crypto". "I used the copy trading ID 'all in crypto' on a platform and achieved three times the returns in six months with very low drawdown, and as a result, I gained my first batch of followers." This successful copy trading experience strengthened his determination. "From that moment on, I resigned and started trading independently, all the way to now."

2. Unique Learning Method: Seek Advice from Professional Traders

"Everyone's path to learning Web3 is different. I prefer the 'wild route'," he said frankly. While most people are buried in studying various technical indicators and candlestick theories, his focus is on those traders who truly exist in real trading software and can sustain profits.

His learning method is simple and straightforward but extremely effective: "It’s just about observing the real traders' orders in various trading software, getting to know them, trying every possible way to join their fan groups, and then asking them about the logic behind their trades." He emphasizes that the targets of learning must be those "real traders who are highly profitable and willing to share." This almost "apprentice-style" approach to learning has allowed him to directly access the most vivid trading cases and the most authentic trading strategies.

He admits that what he learned from these predecessors is not a rigid systematic methodology, but rather valuable practical experience and a guide to avoiding pitfalls. "In fact, what I learned from them is not a systematic methodology, but something that can help you avoid many detours and lose a lot of money." This transfer of experience often hits the essence of trading more directly than the theories in books.

Losing money is the best textbook, exploring the "market sense" through repeated losses. "Following the map to find the steed, continuously watching the shares and real operations of genuine traders, asking them how each trade is done, why it can earn, and why it may lose." This was the core of his early learning. However, just learning without practice is futile; true growth comes from personal experience, especially those painful loss experiences. Thus, through gradual exploration and combining it with his ongoing real trading and losses, he slowly 'lost' his way to experience.

3. Breaking the Bottleneck: Ending the "200,000 Curse" and the Comeback of Debt Traders

Starting from a few k, reaching tens of k or even hundreds of k is already a challenge for many traders. However, he was once trapped by so-called "funding thresholds" or "psychological thresholds"—he repeatedly brought his funds to around 200k, only to inevitably lose it back, which he referred to as the "200k curse." Breaking this curse came with a critical market capture and a deeply painful reflection.

The real turning point occurred in 2024. He admitted that the success of that wave was, "Honestly, just luck." But luck always favors those who are prepared. "Between March and June 2024, there were actually two waves of market movements, 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 movements started, he also accurately identified a "second spring" in an emerging field. "Basically, I benefited from all three waves of market movements, which allowed me to break through my funding limits."

The successful capture of these three consecutive waves of market trends was like a stroke of genius, enabling his capital to achieve exponential growth. 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" and escape the shadow of previous repeated losses.

He has profound reflections on the "200,000 curse" and repeated losses. He believes that the so-called capital threshold is often not about inadequate trading skills, but rather a psychological issue. "It’s more of a psychological aspect—it's not that you haven't learned your indicators well, you don't watch the market hard enough, or you can't pick coins, but rather that your character and mindset are not in place."

During the debt phase, his trading had become distorted, and his mindset was increasingly "underwater". He described his past self as "not losing enough to feel the pain". Despite losing a lot of money and many trades, even some trades worth hundreds of thousands which were all lost, it still wasn't enough for him to completely change. "Until I lost to the point where I really couldn't lose anymore, and if I lost any more, I would truly have nothing left, that was when I really felt the 'pain of loss', and that solved all my problems." This experience of "waking up from losses" was like a wake-up call, fundamentally changing his attitude towards trading. He began to "treat each trade very cautiously, executing each order honestly".

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

This trader learned various trading methods early on, such as the dual moving average system, EMA, naked K, Fibonacci, wave theory, Dow theory, etc., but now apart from occasionally looking at naked K, moving averages, and trading volume, he hardly uses the others. "Indicators can only help you enter at slightly better points, but they don't determine whether you can make big money in the end. So I've basically abandoned all kinds of indicators now; they might still be on the charts, but I won't use them for real technical analysis."

"Don't be too superstitious about indicators. I've fallen into various traps myself, and once I thought I had found a high win-rate strategy, or what you might call a 'trading holy grail', but in the end, I realized that these things are all false; only my own understanding is real." He gave an example that a certain mainstream coin's Bollinger Bands might be useful in a sideways market, but completely ineffective in a trending market, so one should not be superstitious about indicators.

When dealing with small cryptocurrencies, low market cap emerging coins, or some relatively obscure mainstream coins, what he values most is whether there are event-driven hotspots. Because his recent significant profits have basically all come from "event-driven" actions. For example, by shorting a coin based on certain macro events, he made $1 million, and later on, he took advantage of the trend to buy another coin, earning $1.3 million, etc. Another example is during a wave of a certain coin that rose 80% over four consecutive days; he went long on a project, increasing his investment from over $1 million to over $5 million, with no losses in 9 trades, netting over $4 million. These operations do not rely on indicators, but are based on the market's "missed opportunity" sentiment and the recognition of major platforms' "listing patterns". However, it is worth noting that when trading mainstream coins, he tends to follow the market trend.

"My trading doesn't have a system; it's completely adaptable and random. I can handle any market situation and use any kind of stop-loss method." His flexibility in trading is very high, and he is very cautious with leverage, using actual leverage far below the nominal leverage. The 10x leverage displayed on his trading orders is just surface data; the actual leverage is about 5x, and he builds his position gradually, resulting in an effective leverage of about 4.5x. Moreover, as his capital increases later on, his leverage actually becomes smaller, because lower leverage allows him to "take more risks and stay steadier," creating a positive cycle and increasing his profits.

"What really gets the funds rolling are logic, strategy, and execution, not leverage multiples; what truly creates the gap is cognition, not leverage multiples." he shared.

5. Responsibility to Fans

"I don't cut everyone's liquidity because I open positions based on logic." He admitted that all the coins he calls out are public and transparent, with no insider trading. Even if he is a "mouse", he is an open mouse. He never engages in secretly entering the market and then calling out trades, and the vast majority of his fans can get ahead of him. Many times, as long as fans see the trades he calls out right away, their returns may even be higher than his, which is why he has gained a large following.

But now, his mindset has changed. "I found that some projects started to treat me as 'liquidity for offloading'. The entire market's liquidity is too depleted now, and any good event, once I publicly participate, many people might get stuck at a high position. So now I am more cautious and don't want to be a 'front runner' anymore. I tend to make money quietly, to follow my own logic; if you are willing to believe, you can follow along; if not, that's okay. I will no longer actively disclose my positions, because being open now actually harms my fans."

6. Views on the Market Outlook and Advice for Beginners

Talking about the outlook for the market and the prices of mainstream coins, he firmly stated, "I will never be bearish on a certain mainstream coin." He believes that it is unlikely to see an extreme "deep bear" market, but he thinks there will still be a 25% level correction in the future, and once the correction is in place, he will choose to go long.

For those novice users who want to "turn the tables", he advises against trading with debt, not to gamble on fluctuations in the secondary market, but to directly participate in project development. Once they have accumulated a certain amount of capital and understanding, they can consider engaging in "swing trading" in the futures market. Additionally, he suggests that novice users follow some well-known real traders. Their managed funds typically start at 50 million, and many have even surpassed the billion level. These individuals are truly worthy of learning from, and their content is very in-depth and easy to understand.

From a heavily indebted individual to a legendary trader earning tens of millions annually, his journey is filled with drama and profound trading wisdom. His story and insights hold immense reference value for everyone navigating the trading market.