How did this trader achieve a profit of $290,000 by going long on 73 BTC with 40x leverage?

Question

【Blockchain Rhythm】A trader (address 0x4331c) has recently gained popularity. This guy used 40x leverage to aggressively long 73.49 BTC, with an average entry price of $93,196. Currently, there is a $50,000 unrealized loss, but the account is still above the red line.

But this guy's track record is not simple. Looking at his trading history—174 trades in total, only 4 losing trades, with a total loss of $5,191.12. The remaining 170 trades, each one was a take-profit close, and the total profit in the account has actually reached $292,000.

Such a success rate truly makes him a formidable player.

MetaEggplant · Accepted Answer

Playing with 40x leverage so aggressively shows that this guy's mental toughness is truly unmatched.

170 trades all closed with profit? That data seems a bit unbelievable... How did he do it?

Making a profit of 290,000 sounds great, but I'm worried about going back to square one with a single loss.

Currently with a floating loss of 50,000, what’s the next move?

With this success rate, unless he's incredibly lucky, he really has a solid strategy.

Has anyone calculated how small the probability of such a win rate is... It's too risky.

But those who dare to use 40x leverage definitely have a different mindset.

Making 290,000 isn't easy; the key is not to lose it all back on this one trade.

This trading style is a bit like gambling, really exciting.

170 trades without a single loss? Honestly, I find that hard to believe.

StopLossMaster · Answer

This guy is really fierce, taking profit on all 170 trades. His luck is unmatched.

Playing with 40x leverage and such skill—either he's a genius or he's going to blow up his account sooner or later.

A profit of 290,000 sounds great, but now there's an unrealized loss of 50,000... how strong must his mentality be?

174 trades with only 4 losses—this success rate is indeed outrageous. I need to learn from him.

If he recovers his costs this time, I’ll believe he really has some skills.

I'm a bit nervous—40x leverage and one pullback could be game over.

How did he do it? I want a tutorial; I also want 290,000.

Honestly, traders like this either make a huge profit this year or blow up next year—there's no other way.

This brother's concept of stop-loss is really different. I need to think about how to learn from him.

not_your_keys · Answer

Playing with 40x leverage so aggressively? How big must your heart be? It's really a gamble with your life.

170 profitable trades only resulted in 4 losing trades. The probability is unbelievable. Is it real?

The profit of 290,000 was accumulated, but now there's an unrealized loss of 50,000. This is the joy of leverage, right?

The average entry price at 93k—how painful is it now? Wait for a rebound or just cut losses?

By the way, I've seen quite a few traders like this kind, what happened to them in the end?

OnchainHolmes · Answer

Still holding on with a loss of 50,000? This guy's heart must be really big... However, with 170 take-profit trades and 4 losses, this win rate is truly exceptional. I need to learn from this.

How did this trader achieve a profit of $290,000 by going long on 73 BTC with 40x leverage?

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