From 50,000 to 5,000,000: The Bloody Evolution of a Contract Survivor
My account has experienced five clinical deaths, yet ultimately achieved the miracle of a hundredfold return.
Behind me lies the wreckage of at least 50 imitators who went bankrupt. Today, what I want to reveal is not the glamorous success stories, but three survival rules earned with real money.
Cognitive Slaughterhouse
1. The Fatal Illusion of Technical Analysis
In November 2023, a well-known analyst predicted that BTC would break through $40,000 with a perfect head and shoulders bottom pattern. But when the SEC suddenly delayed ETF approval, this candlestick master with 320,000 followers went bankrupt to zero in 15 minutes. Real margin traders understand: charts are just bait; liquidity is the shotgun.
2. The Wealth Code of the Fear Index
When Silicon Valley Bank collapsed last March and the fear index soared to 92, I activated the "Doomsday Chariot" strategy
Using a 5% position to buy extremely out-of-the-money PUTs
Simultaneously opening 3x leveraged long positions
This contrarian operation led to a 47% increase in my account within 48 hours.
3. The Quantum State of Leverage
Those who say "contracts are equivalent to gambling" will never understand that when spot profits reach 200%, using profits to open 3x leverage is the real dimensionality reduction attack. Just like at the poker table, betting with winnings is always safer than using the principal.
Survivor Equation
1. The Death Radius of the First Position
My first position formula: principal × (current volatility / annual average volatility) × 0.15. This means that in a market where BTC has a daily volatility of 8%, a principal of 50,000 can only afford a first position of 5,890 U, not a simple 7,500 U.
2. Cancer Mutation Control of Profits
When my account exceeded 1 million, I did three things:
Immediately transferred 500,000 to a cold wallet
Split the remaining 500,000 into 10 portions of USDC for fixed-term wealth management
Only used the wealth management earnings for contract trading.
3. Time Strangler
The 25th of each month is not a random choice. According to CoinGlass data, in the past three years, the average liquidation volume surged by 380% in the 24 hours before and after quarterly contract settlements. My forced liquidation discipline is essentially avoiding the exchange's harvesting cycle.
Case Study Dissection
Case: XRP Victory Trend in July 2023
Survivor Operation: Preemptively laid out spot at 0.45 U, gradually liquidated after the news was announced
Death Operation: Chased the rise at 0.75 U with 20x leverage, and was liquidated at 0.53 U after 2 hours due to a spike.
If you don't understand cryptocurrency yourself, I suggest you follow Buddha! Choice is greater than effort.
