From Being in Debt to Earning 40 Million a Year: The Comeback of a Legendary Trader from Get Liquidated and Their Profit Secrets

He was once an internet product manager, but he unhesitatingly devoted himself to the ever-changing world of Web3;

He was once a heavily indebted speculator, repeatedly Get Liquidated in the “200k curse”;

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

He topped the exchange’s leaderboard three times, achieving astonishing results with real trading: 20000% return, $1.4 million profit on a single coin, and $1.8 million profit for followers.

This is not just a simple story of getting rich quickly, but a real evolution history of traders filled with hardships, profound reflections, and continuous growth.

1. Confused Crossroad: From “Twisting Screws” in the Internet to “Becoming Famous in One Battle” in Web3

The beginning of every legendary story 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 came into contact with the emerging field of Web3, and in 2021, he officially started his futures trading career. At that time, he was not the all-in gambler that people imagined, but rather approached it with caution and a willingness to experiment.

“At the beginning, the principal was very small, with a salary of over ten thousand a month, he could take out three to five thousand RMB for trading.” He resembled countless young people new to the crypto world—harboring aspirations for wealth appreciation, cautiously testing the waters with part of his salary. However, reality soon dealt him a heavy blow: “The result at that time was 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 both 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 the “lifesaver” in his eyes at that time. He admitted that he didn’t completely think through the idea of fully committing himself; it was more of a shift and exploration, hoping to find new possibilities.

The turning point appeared in an unexpected place. Despite ongoing trading and investment resulting in overall losses, he did not give up. He began to try the copy trading feature on a certain trading platform, operating under a copy trading ID called “all in crypto”. “I achieved a threefold return in six months using the ‘all in crypto’ copy trading ID on a certain trading platform, and the drawdowns were very low, thus gaining my first batch of followers.” This successful copy trading experience solidified his determination. “From that moment on, I resigned and started trading independently, and have come this far.”

2. Wild Path “Alchemy”: Learn from Real Traders, Avoid Many Detours

“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 attention is focused on those traders who exist in real trading software and can maintain profitability.

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 of learning must be those “highly profitable traders who are willing to share.” This almost “apprentice-style” approach to learning has allowed him to directly access the most vivid trading cases and the most genuine trading mindsets.

He admitted that what he learned from these predecessors was not a set of rigid systematic methodologies, but rather invaluable 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 avoid many detours and lose a lot less money.” This transmission of experience often hits the essence of trading more directly than the theories in books.

Losing money is the best teaching material. One explores the “market sense” through repeated Get Liquidated. “Following the map, continuously watching real traders’ sharing and live operations, asking them how each trade is done, why it can make money, and why it can lose money.” This was the core of his early learning. However, learning without practice is just a façade; real growth comes from personal experience, especially those painful loss experiences. In this way, through gradual exploration, combined with his continuous live trading and losing money, he slowly “lost” his way to experience.

III. Rebirth from the Ashes: Breaking the “200k Curse”, the Epic Comeback of the Debt Speculator

Starting from a few thousand, reaching over a hundred thousand or even several hundred thousand is already a challenge for many traders. But he has also once been trapped by the so-called “capital threshold” or “psychological threshold”—he has repeatedly managed to grow his funds to around 200k, only to lose it back every time, which he refers to as the “200k curse”. Breaking this curse was accompanied by an epic market capture and a painful “wake-up call” from losing.

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

The successful capture of these three consecutive market waves 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 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 the losses strike hard, trading truly begins. He has profound reflections on the “200k curse” and repeated Get Liquidated. He believes that the so-called capital threshold is often not about inadequate trading skills, but rather psychological issues. “It’s more of a psychological aspect—it’s not that you haven’t learned your indicators well, or that you haven’t worked hard enough at monitoring, or that you don’t know how to choose coins, but rather that your personality and mindset aren’t in place yet.”

During the debt phase, his trading had transformed, and his mindset was becoming more and more “underwater”. He described his past self as “not losing enough pain”. Despite having lost a lot of money on many trades, and even some trades worth hundreds of thousands that he lost entirely, these were still not enough to make him change fundamentally. “Until I lost to the end, really couldn’t lose anymore, if I lost any more, I would have nothing left, that was when I truly felt ‘the pain of loss’, and it would solve all the problems.” This experience of “awakening from 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. Trading Secrets: Abandon all indicators and rely on “event-driven” strategies to create millions in profits

In his early days, he studied various trading methods that anyone would pursue, such as the dual moving average system, EMA for looking at moving averages, naked K, Fibonacci, wave theory, Dow theory, and various turtle rules, etc. But now, apart from occasionally looking at naked K, moving averages, and trading volume, he hardly uses anything else. “Indicators can only help you enter at a slightly better point, but they don’t determine whether you can make big money in the end. So I have basically abandoned various 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 have stepped into various traps 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 found that these things are all fake, and only my own understanding is real.” He gave an example, stating that Bollinger Bands might be useful in a volatile market for Bitcoin, but completely ineffective in a trending market, so one should not be superstitious about indicators.

When he is trading small coins, low market cap altcoins, or some relatively niche mainstream coins, what he values most is whether there are hot events driving the market. This is because his major gains this round have basically all come from “event-driven” strategies. For example, relying on certain macro events, he shorted a coin and made $1 million, and later he also bought the dip on another coin and made $1.3 million, etc. Another example is during a period when a certain coin surged 80% over four consecutive days; he went long on that coin, growing 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 rather on the market’s “missed emotion” and the large exchanges’ “listing patterns” awareness. However, it is worth noting that when trading mainstream coins like Bitcoin and Ethereum, he will follow the market trend.

“My trading has no system, completely adapting to changes. I can trade in any market condition and can use any type of stop-loss method.” His flexibility in trading is very high, and he is very cautious with the use of leverage, with actual leverage much lower than nominal leverage. The 10x leverage shown on his trades is just surface data; the actual leverage is about 5x, and he gradually builds his position, resulting in an actual operation of about 4.5x. Moreover, as the amount of capital increases later, his leverage actually decreases further because using lower leverage allows him to “take more risks and be steadier,” creating a positive cycle with increasing profits.

His first key trade was to go long on a certain coin with 5x leverage in March 2024, turning 3000 USD into 10,000 USD with this trade. At that time, he was the first to notice the abnormal movement of a certain coin and judged that another coin might follow suit, ultimately achieving a 2.7x return, with his account net worth increasing by over 40%. After that, he alternately attacked in the AI and MEME markets, going from a certain coin to another coin and then back to another coin for both long and short positions, maintaining a stable win rate and clear logic, rolling his account from 20,000 USD to 10 million. However, during this process, apart from that one trade being 5x, he basically used 3x, 2x, 1x, and even went down to 0.8x and 0.5x for opening positions, ultimately completing a dramatic comeback to reach a net worth of 10 million.

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

5. Responsibility of the “front end”: not to cut fan liquidity, will not actively disclose positions again

“I don’t cut everyone’s liquidity because I open positions based on logic.” He admitted that all the cryptocurrencies he mentions are publicly transparent, and there are no hidden trades. Even if he is a “mouse,” he is still an open mouse. He has never engaged in secretly entering the market and then calling out trades, and the vast majority of his fans are often able to act ahead of him. Many times, as long as fans see the trades he calls out right away, the returns can even be higher than his own, 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 unloading’. The entire market’s liquidity is too exhausted now, and any good event, once I publicly participate, many people might get stuck at a high position. So now I’m more cautious and don’t want to do any ‘front-running’ anymore. I prefer to make money quietly, do my own logic, and if you want to believe it, you can follow along; if you don’t want to, that’s fine too. I won’t actively disclose my positions anymore, because now being public 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 his entire trading career. "Apart from continuously absorbing new information, new events, and new policies, my way of trading has hardly changed—it’s still using my own trading.