The crypto circle is a place full of miracles, but behind these miracles is a combination of cognition, strategy, and execution. Today, I want to share my practical operations over the past two months, how I achieved a profit of 5 million through precise spot and contract trading.
Everyone knows that the primary market for meme coins has been very crazy in the past two months. I was fortunate to capture TRUMP spot and made ten times profit. My average buying price was $0.8, with an initial investment of 100,000 RMB, and I made 800,000 in one day. The explosion of meme coins often happens in a short time, so I set a target of ten times profit and decisively liquidated my holdings. Compared to many, my profit may seem trivial because there are many around me who have made profits of dozens of times. However, for me, I am very satisfied; I have reached my target, so I decisively secured my gains.
The success in capturing meme coins requires timing (hot topics), location (community), and harmony (market sentiment). One must avoid greed and set clear profit-taking targets.
On the 25th, Bitcoin was fluctuating around $105,000, but I observed a technical divergence signal, so I decisively opened a short position. Since it had broken upward many times without a drop, a sharp decline was inevitable. At that time, I set my first profit-taking target at $95,000 and the second at $90,000. Meanwhile, I also placed a short position for Ethereum at $3,400, with a profit-taking target at $2,800. The market declined as expected, and this round of short positions for both Ethereum and Bitcoin netted a profit of 2.6 million.
Thanks to the celebrity meme coin trend driving up SOL, I also made a 100% profit on the SOL I had invested in 2024. At this point, my total profit has reached 4.1 million.
In fact, if I had bought some spot, I could have immediately made five million, but due to a wrong operation, I almost lost all my profits. At that time, the popular token was IP, and I opened a short position, continuously shorting from $2. The result was that I hit a hard wall; this coin reached a new high every day, making me feel like I was falling into an abyss with my short position. Fortunately, I set a stop-loss, and the position was closed at $5.5. Later, I chased another short position at $7.8 and managed to recover my losses and earn 1.1 million. I believe many brothers in the crypto circle have experienced this emotional roller coaster. My story is simple, and many of my operations or experiences are shared by others. Later, Lao Zhao will also bring you more of my operations.
