In June 2023, the account balance was fixed at 9,876 yuan. Due to blindly following the trend in altcoin contracts, the 5 million principal vanished into thin air.

After eating instant noodles in a rented room for half a month, a friend's remark, 'BTC has dropped to 24,000', made me decide to make a final bet with the remaining 100,000.

This time I did only three things, but they completely changed my fate:

1. Cut off all fantasies

2. Set iron rules

No single position exceeds 5% (i.e., 5,000 yuan)

Strictly control the stop-loss at 3% from the opening price

For every 100% profit, forcibly withdraw 30% of the principal

3. Focus only on mainstream coins: persistently trade BTC/USDT perpetual contracts, staying away from the temptation of altcoins.

The first battle was full of danger. On April 10, I discovered that CME had a premium for long positions, while the funding rate for Binance perpetual contracts was negative.

I decisively went long with 10x leverage at 24,100, with a position of 5%.

When the price dropped to 23,500 and my account had an unrealized loss of 6,000 close to the stop-loss, I noticed shorts opening positions without considering the cost.

Counterintuitive actions — adding margin and reducing leverage, ultimately taking profits at 27,900, with a single profit of 38,000, bringing the principal back to 138,000.

The ETH market in June was a true test of life and death. Amidst the bullish sentiment in the market, I noticed a surge in open interest on OKX but insufficient on-chain transfer volume, a typical signal for a bull trap.

In 1930, I decisively shorted, and when nearing the stop-loss, I found the funding rate unusually skyrocketing, decisively adjusted my strategy, and finally closed the position at 1800, with the principal exceeding 250,000.

On Thanksgiving in November, I captured key signals of a sharp decrease in Binance BTC reserves and a narrowing Grayscale premium rate. I went long at 34,000 with 5x leverage, making a huge profit of 120,000, and the principal directly exceeded 500,000.

By March 2024, through strict implementation of this position management strategy, my principal miraculously rolled to 5.2 million.

Now, my computer screen is always divided into three screens: the left screen shows CME position data, the middle screen tracks changes in Binance reserves, and the right screen monitors on-chain indicators.

If you are also deeply trapped in losses in the crypto circle, or want to make a comeback with a small amount of capital, before you start, please ask yourself: Can you treat every stop-loss order in each trade as an untouchable lifeline like I do?$BTC $ETH $BNB #加密市场反弹 #币安Alpha上新