From Losses to Million Dollar Profits: The Growth Journey of a Web3 Trader

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

He was once a heavily indebted investor, struggling with repeated liquidations;

Now he can achieve profits at the million-dollar level multiple times through a single cryptocurrency, with annual earnings exceeding 40 million.

He topped the leaderboard of a trading platform three times, creating impressive results through actual operations: a 20000% return on investment, a single coin profit of 1.4 million dollars, and leading followers to a profit of 1.8 million dollars.

This is not just a simple story of getting rich quickly, but a true evolution journey of a trader filled with hardships, reflections, and continuous growth.

1. Turning Point: The Leap from Traditional Internet to Web3

The beginning of every legendary story is often accompanied by unknown confusion and struggle. This trader's journey in Web3 started with dissatisfaction with the status quo and a desire for a side business. "I used to work in internet products," he recalled. In 2020, due to work requirements, he was first exposed to the emerging field of Web3 and officially started his futures trading (contract) career in 2021. At that time, he did not act impulsively but approached it with caution and a mindset of experimentation.

"The initial capital invested was very small, with a monthly salary of over ten thousand, he could take out three to five thousand yuan for trading." His start was very similar to many young people who entered this field — harboring a yearning for wealth appreciation, cautiously testing the waters with part of his salary. However, reality quickly dealt him a heavy blow: "The result at that time was that there were both 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 a dual bottleneck in his career and life. "Economic pressures, such as the responsibilities a man should bear 'buying a house and a car, providing a better life for his girlfriend,'" these realistic considerations made him urgently need a side job to seek a breakthrough. Web3 trading became the "lifesaver" in his eyes at that time. He admitted that he hadn't fully decided to invest himself wholeheartedly; it was more about a shift and exploration, hoping to find new possibilities.

The turning point appeared in an unexpected place. Despite overall losses in the continuous trading and investment, he did not give up. He began experimenting with the copy trading feature on a trading platform, using a copy trading account called "all in crypto". "I achieved three times the return over six months using the 'all in crypto' account on that platform, with very low drawdown, and as a result, gained my first batch of followers." This successful copy trading experience strengthened his resolve. "From that moment on, I resigned and started trading independently, and I've come this far."

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

"Everyone's path to learning Web3 is different. I prefer the 'wild route'," he candidly stated. While most people are buried in studying various technical indicators and candlestick theories, his focus is on those traders who exist in real trading software and can continuously make a profit.

His learning method is simple and straightforward yet extremely effective: "It’s just about looking at the real trades of actual traders 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 subjects to learn from must be those "who are making significant profits in live trading and are willing to share." This almost "apprentice-style" approach to seeking guidance allows him to directly access the most vivid trading cases and the most genuine trading strategies.

He admitted that what he learned from these predecessors was not a rigid systematic methodology, but rather valuable practical experience and a guide to avoiding pitfalls. "In fact, what I learned from them was not a systematic methodology, but something that could help you take fewer detours and lose less money." This transmission of experience often hits the essence of trading more directly than theoretical knowledge from books.

Losing money is the best teaching material, and one explores "market sense" through repeated liquidations. "Following the map to find the horse, continuously watching real traders' shares and live operations, asking them how each trade is done, why it can make a profit, and why it incurs a loss." This was the core of his early learning. However, merely studying without practice is futile; true growth comes from personal experience, especially those painful loss experiences. Thus, through gradual exploration, combined with continuous live trading and losing money, he slowly 'gained' experience from 'losing'.

3. Breaking the Bottleneck: From Repeated Liquidation to Achieving Profit

Starting from a few thousand, reaching hundreds of thousands or even millions is no easy feat for many traders. However, he once found himself trapped by the so-called "funding threshold" or "psychological threshold"—he had repeatedly pushed his funds to around 200,000, only to lose it all every single time, which he referred to as the "200,000 curse." Breaking this curse came with an important market capture and a heart-wrenching "wake-up call" from losses.

The real turning point happened in 2024. He admitted that the wave that could be successful was, "To be honest, it was just luck." But luck always favors those who are prepared. "Between March and June 2024, there were actually two waves of market trends, one was the AI market, and the other was the meme coin market, and I happened to catch both." Not only that, before these major market trends started, he also accurately timed the "second spring" of inscriptions. "Basically, I benefited from all three waves of market trends, which allowed me to break through the capital limit."

The successful capture of these three consecutive market waves was like a stroke of genius, allowing his capital to achieve exponential growth. More importantly, this tremendous success not only enabled him to pay off all his debts but also accumulated considerable profits. From that moment on, he felt that he could finally "keep going," freeing himself from the shadow of previous repeated losses.

When losses hit hard, trading truly begins. He has deep reflections on the "200,000 curse" and repeated liquidation. He believes that the so-called capital threshold is often not a matter of trading skills, but rather a psychological issue. "It's more of a psychological level—it's not that you haven't learned the indicators well, haven't watched the market diligently, or don't know how to choose coins, but rather that your character and mindset are not in place."

During the debt phase, his trading had transformed, and his mindset was increasingly "underwater". He described himself at that time as "not losing enough to feel the pain". Even though he had already lost a lot of money, many trades, and even some trades worth hundreds of thousands were completely lost back, it was still not enough to make him change completely. "Until I lost to the point where I really couldn't lose anymore, and if I lost anymore, I would have nothing left, that's when I truly felt the 'pain of loss', and that solved all my problems." This experience of "awakening through loss" was like a wake-up call, leading to a fundamental change in his attitude towards trading. He began to "treat every trade very cautiously, executing each order honestly."

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

In his early days, he learned many common trading methods, such as the double moving average system, EMA for moving averages, naked candlesticks, Fibonacci, wave theory, Dow theory, and various turtle rules, etc. But now, apart from occasionally looking at naked candlesticks, moving averages, and trading volume, he hardly uses any of them. "Indicators can only help you get a slightly better entry point, but they don't determine whether you can make big money in the end. So now I have basically abandoned various indicators; they might still be on the charts, but I don't use them for real technical analysis."

"Don't be too superstitious about indicators. I have stumbled into various pitfalls myself, and I once thought I had found a high win-rate strategy, or what you might call a 'trading holy grail,' but in the end, I discovered that these things are all false; only my own understanding is real." He gave an example that the Bollinger Bands may be useful in Bitcoin's volatile market, but they become completely ineffective in trending markets, so one should not blindly trust indicators.

When he is dealing with small coins, low market cap altcoins, or some relatively niche mainstream coins, what he values the most is whether there are event-driven hot topics. Because his significant gains in this round are basically achieved through "event-driven" strategies. For example, relying on certain macro events, he shorted a coin and made $1 million, and later capitalized on another coin and earned $1.3 million, and so on. Moreover, during a wave where a certain coin surged 80% over four consecutive days, he went long on another coin, increasing his investment from over $1 million to over $5 million, with no losses across 9 trades, netting over $4 million in profit. His operations do not rely on indicators but are based on market "missed emotion" and the "listing patterns" of major exchanges. However, it is worth noting that when trading mainstream coins like Bitcoin and Ethereum, he will follow the market trends.

"My trades are not systematic, completely adaptable. I can handle any market situation and apply any type of stop-loss strategy." His flexibility in trading is very high, and he uses leverage very cautiously, with actual leverage far below the nominal leverage. The 10x leverage shown on his trades is just surface data; the actual leverage is about 5x, and he builds his positions gradually, resulting in an effective leverage of around 4.5x. Moreover, as his capital increases later on, his leverage actually gets smaller because the lower leverage allows him to "take more risks and be more stable," creating a positive feedback loop, leading to increasing profits.

His first key trade was going long on a certain coin with 5x leverage in March 2024, turning $3,000 into $10,000 with this single trade. At that time, he was the first to notice unusual movements in the certain coin and deduced that another coin might catch up, ultimately achieving a 2.7x return and increasing his account value by over 40%. After that, he aggressively traded in the AI and meme coin markets, switching from one certain coin to another, with a stable win rate and clear logic, rolling his account from $20,000 to $10 million. However, in this process, aside from that one trade being 5x, he basically used 3x, 2x, 1x, and even down to 0.8 and 0.5x leverage for his subsequent trades, ultimately achieving a remarkable comeback to a net worth of tens of millions.

"What truly makes funds move is logic, strategy, and execution, not leverage multiples; what truly creates the gap is perception, not leverage multiples," he shared.

5. Attitude Towards Fans: Integrity and Caution Are Equally Important

"I don’t cut everyone’s liquidity because I open positions based on logic." He admitted that all the cryptocurrencies he calls out are public and transparent, with no insider trading. Even if he is a "mouse," he is a mouse in the open. He never sneaks in to make a call; in fact, most of his fans can act before him. Many times, as long as fans see the positions he calls out at the first moment, the returns might even be higher than his own, which is why he has gained a large number of fans.

But now, his mentality has changed. "I found that some projects have started to treat me as 'liquidity for unloading'. The entire market is so drained of liquidity now that any good event, once I publicly participate, could cause many people to get stuck at a high position. So now I am more cautious and don’t want to be the 'front runner' anymore. I prefer to make money quietly and do my own logic; if you are willing to believe, you can follow along; if you’re not willing, that’s fine too. I will no longer actively disclose my positions because being public now is actually a harm to my fans."

The "logic" mentioned above is the "secret" he talks about the most, and this way of thinking has accompanied him throughout his trading career. "Apart from constantly receiving new information, new events, and new policies, my trading approach has hardly changed – I still make money using my own trading logic." However, in stark contrast to him, many people who are trying hard to learn are still losing money. He believes that those who have not made money yet do not necessarily have a "wrong learning path"; the key is to eat.