From 800,000 in tuition to a monthly withdrawal of 500,000, a bloody evolution story.


At 3 AM on September 17, 2018, I slumped in a chair in my Shenzhen rental, staring at the liquidation message from Binance on my phone, with a metallic taste in my throat — that was the pain of biting my lip. The last 80,000 USDT in my account was wiped out by an ETH spike, along with the previously lost 720,000, totaling 800,000 'hell entry tickets.' That day, I swore in front of the K-line chart: either die completely or fight back.


1. Initial Entry into Hell: The meat grinder of the contract market.

1. The First Blood (March 2018)

Entering with the arrogance of traditional finance (having traded stock index futures and 50ETF options), I heavily longed BTC at the 10,000 USDT mark with 20 times leverage. On the CME delivery day, the market maker crashed the price by 15% in 12 minutes, and when the liquidation message popped up, I was bragging to my friend about 'buying a Porsche by the end of the year.' Reality gave me my first slap: 50,000 USDT evaporated, but what hurt more was the shattering of dignity.


2. Death Spiral (May-September 2018)

EOS Long Position Graveyard: Heavily longed at 18 USDT, the market maker 'painted the door' for three consecutive days, and when the price dropped to 4.8 USDT, I curled up in my chair, gagging.

ETH Faith Massacre: Start bottom-fishing at 600 USDT, add positions every 50 USDT drop, ultimately getting liquidated at 180 USDT.

Physiological trauma: Couldn't eat for 3 days after liquidation, heart palpitations and sweating upon hearing the exchange notification, lost 15 kilograms.


(The ETH weekly chart that caused my liquidation back then still makes me feel uneasy to look at now.)


2. Dark Awakening: Trading passwords paved with corpses.

1. Moment of Enlightenment (January 2019)

Huddled in a 10-square-meter partitioned room, chewing on (Reminiscences of a Stock Operator), when I read 'the enemies of speculators are ignorance, greed, fear, and hope,' I suddenly burst into tears — it turns out Livermore had died the same way I did a century ago. That day, I burned all my technical analysis notes and carved three iron rules on the wall:


Stop-loss line = Lifeline (single loss ≤ 5%)

Never hold overnight (turn off the computer after 2 PM)

Leverage Sealing Technique (never exceed 10 times)

2. Bloodthirsty Return (March 2020)

On the night of the 312 crash, ETH plummeted from 200 USDT to 87 USDT. I had set a stop-loss at 120 USDT in advance, and despite my assets shrinking by 40%, I preserved the spark for a comeback. Meanwhile, some brothers who held their positions with high leverage found themselves on the rooftop, smoking their last cigarette.


3. Dragon Slaying Moment (July-December 2020)

ETH Intraday Hunt:

Focus on breakout trades from 8:00 AM to 10:00 AM, operating 3 times daily with a 30,000 USDT capital.

On December 1, 2020, when ETH broke its yearly high, my account's single-day profit exceeded 90,000 USDT.

Withdrawal Critical Flow:

Withdraw profits exceeding 50% immediately; this strategy helped me preserve 1.2 million USDT profits before the May 19, 2021 crash.

Withdrawal records:

In August 2020, I withdrew 180,000 USDT to buy my first home.

April 2021, gave 370,000 USDT to my parents to change their car.




3. The Path of Ashura: 9 Bloody Rules of Intraday Trading

1. Pre-Market Ritual

Drink bitter tea to suppress trading desire (bitterness activates rational cortex).

Recite (The Shame of Liquidation) (print all liquidation orders and paste them next to the screen).

2. Market Ghost Eye

Selling Black Hole: When the sell order volume at level one is less than 1/3 of the buy order, market orders can break through.

Fishing Lure Order: Buying at a sudden 999 BTC buy order, the reverse short has a 78% win rate.

3. Leverage Toxicology

3 times in choppy markets, 5 times in clear trends, reduce to 2 times before major events.

Margin must cover double the spike space (to prevent pinpoint liquidation at 3 AM).

4. Time Forbidden Techniques

Only trade for 4 hours a day (8:00-10:00 & 20:00-22:00).

Mandatory rest on Friday afternoons (weekend liquidity traps devour countless people).

5. Liquidation Restart Technique

After a single-day loss exceeding 10%:

Delete all trading software for 3 days.

Go to the vegetable market to watch the aunties bargain, and rediscover the reality of life.

4. Bloody Romance: When trading becomes a practice.

Now I live in a large apartment by the river, but I love the vegetable market at 6 AM even more. After experiencing liquidation and losing heart, I finally understand: the highest level of strategy in the crypto world is learning to stay away from the battlefield.


From the obsession with Porsche to the freedom of a bicycle:

In 2021, I could have paid in full for a Palmera, but ultimately bought a road bike, using the saved money to build a library in the mountains.

From anxiety about staring at the screen to time sovereignty:

Turn off the computer after 2 PM, assembling Lego with my son is more healing than watching K-lines.

From Lone Wolf to Ferryman:

Writing real trading logs on Zhihu, watching my followers grow from 0 to over 100,000, is more fulfilling than earning 1 million USDT.

5. Bloody Advice for Future Generations

Don't believe in the nonsense of 'enlightenment':

I have tested 268 combinations of indicators and ultimately returned to naked K + trading volume.

Loss is the tax of cognition:

Only after losing 800,000 did I understand — risk control is 100 times more important than skills.

Loneliness is a required course:

Be wary of self-inflation during consecutive profits, and trust in probability regression during consecutive losses.

Withdrawal is the real profit:

The balance on the exchange is just a number; the money transferred to the bank account is yours.



Last words

The most ironic truth in crypto is: when you no longer desire wealth, wealth chases after you. If one day you can achieve:


Stop-loss is as natural as breathing.

Profitable withdrawals are as regular as eating.

Viewing market trends as calmly as checking the weather forecast.

Congratulations, you've passed through the blood-red fog. Trading has no end, but at least we can be each other's lighthouse.


Closely follow Jidong, use precise strategy analysis, and select huge amounts of AI big data to ensure you remain undefeated? The market has never lacked opportunities; the question is whether you can seize them. By following experienced and the right people, we can earn more!

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