I turned 100,000 into 5 million in the cryptocurrency world through practical experience $BNB

In June 2023, my account balance was stuck at 9,876 yuan. Due to blindly following the trend and trading altcoin contracts, my principal of 5 million vanished into thin air.

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

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

1. Cut all illusions #币圈暴富

2. Set strict rules

Single position never exceeds 5% (i.e., 5,000 yuan)

Strictly control stop-loss at 3% of opening price

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

3. Only focus on mainstream coins: steadfastly trade BTC/USDT perpetual contracts, stay away from the temptation of altcoins $BTC

The first battle was full of danger. On April 10, I noticed that CME had institutional premium long positions, while Binance's perpetual contract funding rate 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 showed an unrealized loss of 6,000 yuan close to the stop-loss, I found that shorts were opening positions without considering costs. $ETH

Against human nature—adding margin and reducing leverage, I ultimately took profit at 27,900, earning 38,000 on a single trade, and my principal returned to 138,000.

The ETH market in June was a true life-and-death test. Amid a bullish market, I noticed that OKX's open positions surged, but the on-chain transfer volume was insufficient, a typical signal of inducement. #山寨季何时到来？

At 1,930, I decisively shorted, and when nearing the stop-loss, I noticed the funding rate skyrocketing abnormally, promptly adjusting my strategy, ultimately closing at 1,800, with my principal breaking through 250,000 3493993735.

On Thanksgiving in November, I captured key signals of Binance's sharp reduction in BTC reserves and narrowing Grayscale premium rate. I went long at 34,000 with 5x leverage, earning 120,000 from this trade, and my principal directly surpassed 500,000.

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

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

If you are also deeply trapped in losses in the cryptocurrency world or want to make a comeback with small funds, before you start, please ask yourself: Can you treat every stop-loss order in each trade as an untouchable lifeline, just like I did?

The trade that broke my principal through 2 million holds a key order technique! 67784854334

Check the comments section

You will get the latest intelligence.