From Losses to an Annual Income of 40 Million: The Rise of a Web3 Trader

He was once an internet product manager, but he was determined to dive into the ever-changing world of Web3.

He was heavily in debt and faced repeated setbacks in the "200,000 Curse".

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

He topped the trading platform's leaderboard three times, creating impressive real-world results: a 20000% return, a single coin profit of 1.4 million USD, and followers earning 1.8 million USD.

This is not just a simple story of wealth reversal, but also a real evolution journey of traders filled with hardships, profound reflections, and continuous growth.

1. Turning Point: The Transformation from Web2 to Web3

Every legendary beginning is often accompanied by unknown confusion and struggle. This trader's story is no exception; his journey in Web3 began with dissatisfaction with the status quo and a desire for a side hustle. "I used to work in internet products," he recalled. In 2020, due to work requirements, he first encountered the emerging field of Web3 and officially started his futures trading (contract) career in 2021. At that time, he was not the reckless gambler 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 yuan to trade." He resembled countless young people who have just entered the crypto space—harboring a longing 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 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 practical considerations made him urgently need a side job to seek a breakthrough. Web3 trading became, in his eyes at that time, a "lifesaving straw." He admitted that at that time he had not fully decided to invest himself wholeheartedly; 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 the continuous trading and investment, he did not give up. He began trying out the copy trading feature on a certain trading platform, using a copy trading ID called "all in crypto" for operations. "I achieved a threefold return in six months using the 'all in crypto' copy trading ID on this platform, with very low drawdown, and as a result, I gained my first batch of followers." This successful copy trading experience solidified his determination. "From that moment on, I resigned and started trading independently, all the way to where I am now."

2. Unique Learning Method: Learning from Practical Traders

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

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, doing everything possible to join their fan groups, and then asking them about the logic behind their trades." He emphasizes that the objects of study must be those "traders who make significant profits in real trading and are willing to share." This almost "apprentice-style" approach to learning 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 set of rigid systematic methodologies, but rather valuable practical experience and a guide to avoid pitfalls. "In fact, what I learned from them is not a systematic methodology, but something that can help you take fewer detours and lose less money." This transmission of experience often strikes at the essence of trading more directly than theories found in books.

Losing money is the best textbook, as one explores the "market sense" through repeated liquidation. "Following the map to find the horse, continuously watching the shares and real trades of actual traders, and asking them how each trade is done, why it earns, and why it loses." This was the core of his early learning. However, just studying without practice is a false pretense; real growth comes from personal experience, especially those painful losses. In this way, through gradual exploration, combined with his continuous real trading and losing money, he slowly 'lost' his way to experience.

3. Breaking Through the Bottleneck: The Transformation from Debt to a Million in Profit

Starting from a few thousand, reaching several hundred thousand or even millions is not easy for many traders. However, he once found himself trapped by the so-called "capital threshold" or "psychological threshold"—he repeatedly brought his funds to around 200,000, but without exception lost it all back, which he referred to as the "200,000 curse." Breaking this curse came with an epic market capture and a heart-wrenching "wake-up call" from losses.

The real turning point occurred 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 movements, 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 major market movements started, he also accurately seized the "second spring" of inscriptions. "Basically, I benefited from all three waves of the market, which allowed me to break through the capital limit all at once."

The successful capture of these three consecutive market movements 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 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.

When the loss pierces the heart, the real trading begins. He has a profound reflection 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 like a psychological aspect - it's not that you haven't learned your indicators well, haven't watched the market hard enough, or don't know how to choose coins, but rather that your personality and mindset are not in place."

During the debt phase, his trading had already transformed, and his mindset was becoming increasingly "underwater." He described his past self as "not losing enough to feel pain." Despite having lost a lot of money and many trades, even some worth hundreds of thousands that he lost completely, none of this was enough to make him change fundamentally. "Until I lost to the point that I absolutely couldn't lose anymore, and if I lost again, I would have nothing left, that was when I truly felt the 'loss pain,' and then all problems would be resolved." This experience of "waking up to losses" struck him like a wake-up call, leading to a fundamental shift in his attitude towards trading. He began to "treat every trade very cautiously, executing each one diligently."

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

He had learned various trading methods in his early days, such as the double moving average system, EMA, naked K, Fibonacci, wave theory, Dow theory, and the turtle rule. But now, apart from occasionally looking at naked K, moving averages, and trading volume, he hardly uses anything else. "Indicators can only help you get in at slightly better points, but they can't determine whether you will make big money in the end. So I have basically discarded 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 have personally stepped 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 discovered that these things are all false; only one's own understanding is real." He gave an example, stating that the Bollinger Bands might be useful during Bitcoin's volatile market, but completely ineffective during trending markets, so one should not be superstitious about indicators.

When he trades small coins, low market cap altcoins, or some relatively obscure mainstream coins, what he values most is whether there are event-driven catalysts. Because his significant profits this round were basically made through "event-driven" strategies. For example, relying on certain macro events, he shorted a coin and made $1 million, and later capitalized on other coins to earn another $1.3 million, and so on. Another example is during a certain coin's rally, which saw an 80% increase over four consecutive days; he went long on a coin, increasing his investment from over $1 million to over $5 million, with no losing trades among nine positions, netting a profit of over $4 million. His operations do not rely on indicators but are based on market "missed emotions" and the "listing rules" of major exchanges, among other insights. However, it is worth noting that when trading mainstream coins like Bitcoin and Ethereum, he tends to follow the market trend.

"My trading is not systematic, completely adaptable. I can respond to any market situation and have any kind of stop-loss method." His flexibility in trading is very high, and he is very cautious with leverage, with actual leverage being much lower than the nominal leverage. The 10x leverage displayed on his trades is just surface data; the actual leverage is only about 5x, and he builds his position gradually, resulting in an effective operation of about 4.5x. Moreover, as his capital increases, his leverage actually decreases, because lower leverage allows him to "take more risks and be more stable," creating a positive cycle with increasing profits.

His first key trade was in March 2024, where he went long on a certain coin with 5x leverage, growing his investment from $3,000 to $10,000. At that time, he was the first to notice unusual movements in that coin and predicted that another coin might rally as well, ultimately achieving a 2.7x return and increasing his account value by over 40%. After that, he continuously attacked in the AI and MEME markets, moving from one coin to another and then to a third coin, executing both long and short positions with stable win rates and clear logic, rolling his account from $20,000 to $10 million. However, in this process, apart from the first trade being at 5x leverage, he mostly used 3x, 2x, 1x, and even down to 0.8 and 0.5x leverage for subsequent trades, ultimately completing a remarkable comeback to achieve a net worth of ten million.

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

5. Caution and Responsibility: Protecting Fans' Interests

"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 very open mouse. He never secretly enters the market and then calls out a trade, and the vast majority of his fans are often able to act before him. Many times, as long as fans see the trades he calls out immediately, their returns 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've noticed that some projects are starting to treat me as 'liquidity for selling'. The entire market is too drained of liquidity now, and any good event, once I publicly participate, could leave many people stuck at a high point. So now I'm more cautious and don't want to be the 'front-runner' anymore. I'm more inclined to make money quietly, doing my own logic. If you’re willing to believe, you can follow along; if not, that’s okay. I won't actively disclose my positions anymore because being public now is actually a harm to my fans."

The "logic" mentioned above is his most frequently discussed "secret," and this way of thinking has accompanied him throughout his entire trading career. "Aside from constantly absorbing new information, new events, and new policies, my trading method has hardly changed—I still make money using my own trading logic." However, in stark contrast to him, many hardworking learners are still losing money. He believes that those who have not made money yet are not necessarily on the "wrong learning path"; the key is whether they have grown after incurring losses. If after losing all that remains is a sense of "forget it,"