From Get Liquidated to an Annual Income of 40 Million: The Transformation Journey of a Web3 Trader

From Debt to Annual Income of Tens of Millions: The Transformation Journey of a Trader

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

He was heavily in debt and repeatedly faced liquidation in the "200k curse."

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

He topped the exchange's trading leaderboard three times, achieving an astonishing performance: 20000% return, a profit of 1.4 million dollars for a single coin, and a profit of 1.8 million dollars for followers.

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

From Debt Degen to Annual Income of 40 Million: The Legendary Trader "Ao Ying"'s Comeback from Liquidation and Profit Secrets!

1. The Turning Point from Web2 to Web3

Every legendary journey often begins with unknown confusion and struggle. This trader's path in Web3 started 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 began his futures trading career.

At first, he wasn't going all in, but approached it with caution and a probing mindset. "The initial capital I invested was very small, over ten thousand a month in salary, and I could spare three to five thousand yuan for trading." Like many young people who are new to the crypto space, he harbored a desire for wealth appreciation and cautiously dipped his toes in with part of his salary. However, reality quickly hit him hard: "The result at that time was that there were both gains and losses, but in the end, I still lost quite a bit."

The deeper reason is that when he was around twenty-four or twenty-five years old, he felt a dual bottleneck in his career and life. Economic pressure, sense of responsibility, and other practical considerations made him urgently need a side job to break through the predicament. Web3 trading became the "lifeline" in his eyes.

Opportunities arise in unexpected places. Despite the overall losses in continuous trading and investment, he did not give up. He started trying the copy trading feature on a certain trading platform and achieved good results. "I used a copy trading ID and achieved three times the profit in half a year, with very low drawdowns, which led me to gain my first group of followers." This successful experience in copy trading made him determined to fully dedicate himself to the trading business.

2. Unique Learning Path

"Everyone's path to learning Web3 is different. I prefer the 'wild path'," he admitted. While most people are buried in studying various technical indicators and K-line theories, his attention is focused on those traders who truly exist in real trading software and can continue to make profits.

His learning method is simple and straightforward yet extremely effective: "It's just about watching real traders' orders in various trading software, getting to know them, finding ways to join their fan groups, and then asking them about their trading logic." He emphasizes that the learning targets must be those "real traders who make big profits 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 ideas.

He acknowledges that what he learned from these predecessors is not a rigid systematic methodology, but rather more 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 take fewer detours and lose less money." This transmission of experience often strikes at the essence of trading more effectively than theoretical knowledge in books.

Three, Break Through the "200,000 Curse"

Starting from a few k and reaching over a hundred k or even several hundred k is not easy for many traders. But he once found himself trapped by the so-called "funding threshold" or "psychological threshold"—repeatedly bringing his funds to around 200k, only to inevitably lose it all back, which is what he refers to as the "200k curse." Breaking this curse came with an epic market capture and a heart-wrenching "wake-up call" from losses.

The real turning point will occur in 2024. "That wave was really able to take off, 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 managed to catch both of them." Not only that, but before these major market trends kicked off, he also accurately hit another wave of hotspots. "Basically, I benefited from all three waves of market trends, which allowed me to break through my funding limit."

The successful capture of this continuous three waves of market trends 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 substantial profits. From that moment on, he felt that he could finally "keep going," free from the shadow of previous repeated losses.

He has a deep reflection on the "200k curse" and repeated liquidations. He believes that the so-called capital threshold is often not due to a lack of trading skills, but rather a psychological issue. "It's more like a psychological aspect - it's not that you haven't learned the indicators well, haven't been diligent enough in monitoring the market, or don't know how to choose coins, but rather that your character and mindset aren't in place yet."

4. Unique Trading Strategies

This trader learned various trading methods early on, such as the double moving average system, EMA moving averages, naked K, Fibonacci, wave theory, Dow theory, turtle trading rules, and so on, but now apart from occasionally looking at naked K, moving averages, and trading volume, he basically doesn't use anything else. "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 I've basically abandoned various indicators now; they might still be on the chart, but I won't use them for real technical analysis."

He focuses on small altcoins and low market cap cryptocurrencies, or some relatively niche mainstream coins, primarily driven by whether there are hot events. Because his significant gains this round have basically been made through "event-driven" strategies. For example, relying on certain macro events, he shorted a coin and made $1 million, and later rode the trend to bottom fish another coin and earned $1.3 million, etc. These operations do not rely on indicators, but are based on the market's "missed sentiment" and the recognition of major exchanges' "coin listing rules". However, it is worth noting that when dealing with mainstream coins, he will operate in line with the market trend.

"My trading is not systematic, it's completely adaptive. I can handle any market situation and employ any kind of stop-loss method." His flexibility in trading is very high, and he is very cautious in using leverage, with the actual leverage being far lower than the nominal leverage. The 10x leverage shown on his trade is just a surface figure; the actual leverage is about 5x, and he builds his positions gradually, resulting in an actual operational leverage of about 4.5x. Moreover, as his capital increases later on, his leverage actually decreases, because lower leverage allows him to "take more risks and hold steadier," forming a positive cycle with increasing profits.

"What truly gets the funds moving is logic, strategy, and execution, not the leverage multiple; what really creates the gap is awareness, not the leverage multiple." He said.

5. Outlook on the Market

When discussing his views on the future market and Bitcoin prices, he firmly stated, "I will never be bearish on Bitcoin," believing that it is unlikely to see an extreme "deep bear" market at present. However, he thinks there will still be a 25% level correction in the future market, and once the correction is in place, he will choose to go long.

For those novice users who want to "turn things around", he suggests not to trade with debt, not to gamble on fluctuations in the secondary market, but to participate directly 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. In addition, he also advises novice users to pay attention to some real traders, to learn from their trading ideas and experiences.

From being heavily in debt to becoming a legendary trader with an annual income of tens of millions, his experience is full of drama and contains profound trading wisdom. His story and insights hold great reference value for anyone navigating the trading market.

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YieldWhisperervip
· 21h ago
hmm... 20000% gains? seen enough of these fairy tales in 2021 tbh. show me the transaction history or it didn't happen
Reply0
GasFeeTearsvip
· 21h ago
Isn't it nice to make money by lying flat!
View OriginalReply0
GateUser-a180694bvip
· 21h ago
Tears fell down, I hope it's true.
View OriginalReply0
GateUser-1a2ed0b9vip
· 21h ago
Getting rich overnight trading dogs, what's so special about it?
View OriginalReply0
SighingCashiervip
· 21h ago
The yield of this wave is indeed outrageous!
View OriginalReply0
MetaverseVagabondvip
· 21h ago
Another story of playing people for suckers.
View OriginalReply0
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