From Losing Trader to Earning Tens of Millions a Year: The Growth Journey of a Web3 Legendary Trader

He was once an internet product manager, but he resolutely plunged into the rapidly changing Web3 world;

He was heavily in debt and repeatedly encountered setbacks at the 200,000 yuan funding threshold.

Now he can achieve profits in the million-dollar range with a single cryptocurrency, with an annual return exceeding 40 million.

He has topped the trading leaderboard of a certain platform multiple times, achieving astonishing results with real accounts: a 20000% return, a single coin profit of 1.4 million USD, and leading followers to a profit of 1.8 million USD.

This is not just a simple story of wealth reversal, but a real evolution history of a trader filled with hardships, profound reflections, and continuous growth. How did this trader gradually move towards success?

1. Turning Point in Confusion: From Internet "Screw" to Web3 "Legend"

Every legendary beginning is often accompanied by little-known confusion and struggle. The story of this trader is no exception; his journey in Web3 began with dissatisfaction with the status quo and a desire for a side job. "I used to work in internet products," he recalled. In 2020, due to work needs, he first came into contact with the emerging field of Web3, and in 2021, he officially started his futures trading (contract) career. At that time, he was not the all-in figure that people might imagine, but rather approached it with caution and a willingness to try.

"At the beginning, the principal was very small, with a monthly salary of over ten thousand, he could take out three to five thousand RMB for trading." His start was just like countless young people entering this circle for the first time—harboring a longing for wealth appreciation and cautiously testing the waters with part of his salary. However, reality quickly dealt him a heavy blow: "The result at that time was both losses and gains, but in the end, the losses were much greater."

The deeper reason is that at the age of 24 or 25, 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 practical considerations made him urgently need a side job to seek breakthroughs. Web3 trading became the "lifeline" in his eyes at that time. He admitted that he hadn't completely thought through the decision to fully invest himself; it was more of a shift and exploration, hoping to find new possibilities.

The turning point appeared in an unexpected place. Despite overall losses during continuous trading and investments, he did not give up. He began to try the copy trading feature on a certain trading platform and operated with a copy trading number called "all in crypto." "I achieved three times the profit in six months using the copy trading number 'all in crypto' on that platform, and the drawdown was very low, which allowed me to gain my first batch of followers." This successful copy trading experience solidified his determination. "From that moment on, I resigned and started trading independently, and I have come this far."

2. Unique Learning Method: "Stealing Lessons" from Successful Traders

"Everyone's path to learning Web3 is different. I prefer a more 'unconventional' approach," he stated frankly. While most people are buried in studying various technical indicators and candlestick theory, his gaze is directed towards those traders who exist in real trading software and can continuously profit.

His learning method is simple and straightforward yet extremely effective: "It involves 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 of learning must be those "with substantial real profits who are willing to share their knowledge." This almost "apprentice-style" approach to learning allows him to directly engage with 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 valuable practical experience and a guide to avoiding pitfalls. "In fact, what I learned from them was not a systematic methodology, but something that can help you take fewer detours and lose less money." This transfer of experience often strikes at the essence of trading more effectively than theoretical knowledge from books.

Losing money is the best teacher, exploring the "feel" of trading through repeated liquidations. "Following the clues, continuously watching the shares and real trading operations of genuine traders, asking them how each trade is done, why it can profit, and why it can lose." This was the core of his early learning. However, just studying without practice is mere pretense; real growth comes from personal experience, especially those painful loss experiences. Thus, bit by bit exploring, combined with his continuous real trading and losses, he gradually "lost" his way to experience.

3. Breakthrough Bottleneck: From "200k Curse" to Million Dollar Profit

Starting from a few k, reaching over 100k or even several hundred k, this is already a challenge for many traders. But he once found himself trapped in the so-called "capital threshold" or "psychological threshold" — he repeatedly managed to bring his funds to around 200k, yet without exception, he lost it all back, which he refers to as the "200k curse." The breaking of this curse came with an epic 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 made 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, one was the AI market, and the other was the meme coin market, and I happened to catch both." Not only that, but before these big markets started, he also accurately seized the "second spring" wave of inscriptions. "Basically, I benefited from all three waves, which allowed me to break through the capital limit all at once."

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," breaking free from the shadow of previous repeated losses.

When losses cut to the heart, trading truly begins. He has deep reflections on the "200,000 curse" and repeated liquidations. He believes that the so-called capital threshold is often not about inadequate trading skills, but rather psychological issues. "It's more like a psychological level—it's not that you haven't learned your indicators well, haven't been diligent in watching the market, or don't know how to pick coins, but rather that your character and mindset are not yet in place."

During the debt phase, his trading had already become distorted, and his mentality was increasingly "underwater." He described his past self as "losing not enough to feel the pain." Despite having lost a lot of money and many trades, even some trades worth hundreds of thousands that were all lost back, none of this was enough to make him completely change. "Until I lost to the end, really couldn't lose anymore, losing any further would mean having nothing left, that was when I truly felt the 'pain of loss,' and it solved all problems." This experience of "awakening from loss" was like a wake-up call, fundamentally changing his attitude towards trading. He began to "treat every trade very cautiously, executing each order honestly."

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

This trader initially studied various trading methods, such as the dual moving average system, EMA, naked K, Fibonacci, wave theory, Dow Theory, and the Turtle Trading Rules. However, now he hardly uses any other indicators except for occasionally referring to naked K, moving averages, and trading volume. "Indicators can only help you open positions a bit 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; they might still be on the chart, but I won't use them for real technical analysis."

"Don't be too superstitious about indicators. I've personally fallen into various traps, 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 realized that those things were all false; only my own understanding is true." He gave an example that while Bollinger Bands might be useful in a fluctuating market for Bitcoin, they completely fail in a trending market, so one cannot be superstitious about indicators.

When trading small-cap coins, low market cap altcoins, or some less mainstream coins, what he values most is whether there are hotspot events driving the market. This is because his significant gains in this round were mainly achieved through "event-driven" strategies. For example, he shorted a certain coin based on some macro events and made $1 million, then later capitalized on the dip to earn another $1.3 million. Another instance is when a certain coin surged 80% over four days; he went long on another coin, increasing his investment from over $1 million to over $5 million, with no losses in 9 trades, netting over $4 million in profit. These operations do not rely on indicators but are based on market "missed emotion" and the large exchanges' "coin listing patterns". However, it is worth noting that when trading mainstream coins, he tends to follow the market trend.

"My trading has no system, it is completely random and adaptable. I can respond to any market and use any kind of stop-loss method." His flexibility in trading is very high, and he is very cautious about using leverage, with the actual leverage being much lower than the nominal leverage. The 10x leverage shown on his trading ticket is just superficial data; the actual leverage is only about 5x, and he builds his positions gradually, resulting in an actual operation of about 4.5x. Moreover, as his capital increases later on, his leverage actually decreases further, because lower leverage allows him to "hold on more confidently and steadily," creating a positive cycle where his profits keep increasing.

"What truly drives capital movement is logic, strategy, and execution, not leverage multiples; what really creates the gap is cognition, not leverage multiples." he shared.

5. Attitude Towards Fans: No Exploitation, Cautiously Disclosing Positions

"I don't cut everyone's liquidity because I'm opening positions based on logic." He admitted that all the coins he calls out are open and transparent, with no insider trading. Even if he is a "mouse," he is a mouse in the open. He never secretly enters the market and then calls 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 at the first moment, the return on investment may even be higher than his own, which is why he has gained a large number of fans.

But now, his mindset has changed. "I found that some projects started to treat me as 'liquidity for unloading'. Now the entire market's liquidity is too dried up; any good event, once I publicly participate, many people may get caught at a high point. So now I'm more cautious and don't want to do any 'head of the car' anymore. I tend to quietly make money, do my own logic, and if you are willing to believe, you can follow along; if not, that's fine too. I won't actively disclose my positions anymore because being public now actually harms my fans."

The "secret" he mentions most often is "doing logic," a mindset that has accompanied him throughout his trading career. "Aside from constantly absorbing new information, new events, and new policies, the way I trade hasn't changed much—it's still about making money with my own trading logic." In stark contrast, many who work hard to learn are still losing money. He believes that those who still haven't made money may not necessarily have the "wrong learning path"; the key is whether they have grown after suffering losses. If, after losing, all they can think is 'forget it,' he suggests that such individuals may choose to exit, and perhaps never come back.

The ability to easily make a lot of money is determined by an individual's overall quality. One must have risk control skills and the ability to sense market trends. Especially when the most suitable market conditions arise, one must be able to "dare to take the plunge." Many talented traders he knows are just riding the waves: they dare to buy and sell during a market cycle, ultimately making ten million, twenty million, or even thirty million. But it might just be this one time, and afterwards they never manage to do it again.