From losing everything to a comeback:

My account balance was frozen at 9,876 yuan. Because I blindly followed the trend to trade altcoin contracts, my principal of 5 million vanished into thin air.

After eating instant noodles in my rental house for half a month, a friend's words 'BTC dropped to 24,000' made me decide to make a final gamble with the remaining 100,000.

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

1. Cut off all fantasies.

2. Set iron rules.

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

Stop-loss strictly controlled at 3% of the opening price.

For every 100% profit, I forcefully withdraw 30% of my principal.

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

The first battle was full of thrills. On April 10, I discovered institutional premium long positions appearing on CME, 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 was showing a floating loss of 6,000 close to the stop-loss, I noticed that shorts were opening positions without considering costs.

Counter-intuitive operations - adding margin, reducing leverage, ultimately taking profits at 27,900, with a single profit of 38,000, bringing my principal back to 138,000.

The ETH market in June was a true test of life and death. Amidst the bullish voices in the market, I noticed a huge increase in OKX positions but insufficient on-chain transfer volume, a typical signal to lure buyers.

I decisively shorted at 19,300, and when approaching my stop-loss, I noticed an abnormal surge in funding rates, quickly adjusting my strategy, ultimately closing at 1,800, with my principal exceeding 250,000.

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

By March 2024, through strictly implementing this position management strategy, my principal miraculously rolled to 5.2 million.

Now, my computer screen is always divided into three screens: left screen for CME position data, middle screen for Binance reserve changes, right screen for on-chain metric monitoring.

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

The trade that allowed my principal to exceed 2,000,000 hides a key order placement technique!#加密市场回调 $BTC $ETH