When I first entered the crypto world, I was still a student and started my journey with 2,000 u. The reason for 2,000 u is that OKEx’s USDT excess fund has an annualized interest rate of 10%, but each account can only invest a maximum of 2,000 u, which I would call a simple way to earn crypto. At that time, I hoped to make some money, and a friend suggested I convert the money to u and deposit it in OKEx’s excess fund.
This friend of mine is from a wealthy family and started trading coins early on, constantly bragging about how much he made yesterday and how much he made today, often showing us his profit charts, which are often multiples of returns. I actually knew what virtual currency was for a long time and decided to trust him once to give it a try. At that time, I thought this interest was three to four times higher than that of a regular savings account.
Coincidentally, at that time, I gathered all the money I had saved from living frugally, exactly 2,000 u, leaving 1,000 yuan for food. Therefore, I registered an OKEx account and converted all the money in my Alipay to u and deposited it into the excess fund. At that time, the crypto market was at a bear phase; I saw that almost all coins were declining daily on the software, while my friend kept shouting to short, making quite a lot.
Watching my friend make a lot of money shorting, I asked him to teach me how to trade contracts. In fact, contracts are extremely simple, just like gambling on high or low. At that time, I was also a gambler; after learning, my first operation was to leverage everything. My first trade was to short a poor-quality altcoin; after opening the position at night, I went to sleep, and when I woke up, I saw my account was profitable and immediately closed the position, which brought me over 200 u in profit—more than the interest from the excess fund for a year.
I thought that this money came as easily as a pie falling from the sky, so I transferred all the funds from the excess fund to the contract account, starting my contract trading career. At that time, I studied candlesticks, technical indicators, browsed various news, joined various contract groups, and listened to the nonsense of those leading trades. Outside of sleeping, attending classes, and eating, I spent all my time watching the market.
My position management is to operate with 25% of the position paired with 10x leverage. In addition to opening positions based on normal candlestick analysis, I also have a special method for opening positions; I follow my friend's account on OKEx, and I receive notifications whenever he opens a position. My friend is actually a novice trader; when he makes money, he brags to me, but when he loses, he remains silent. Overall, he hasn’t made much money and has mostly incurred losses.
If I followed his trades, I would generally lose more than win, but I didn’t counteract his moves; instead, I preferred to enter when he was losing and cutting losses. I must say, this strategy has a pretty good win rate, and I can say I started using reverse indicators early on. I am just like any other person; I am not suited for trading, not only do I like to hold positions, but I also tend to add to losing positions and rarely set stop losses.
But perhaps due to the novice protection period, my luck was quite good; I managed to recover every time I held positions, maintaining a win rate of over 90% (at that time, I focused particularly on my win rate), and even contemplated making money by copying trades. After about a month, my 2,000 u had increased thirtyfold, reaching 60,000 u.
I went from a novice to a level where even my veteran friend wanted to learn a few things from me. But my friend is the type who learns the bad skills rather than the good ones; he doesn't study technical indicators and continues to trade based on feelings, but he does follow my lead closely! Quickly, what about you?
I actually know how contracts end up. My initial goal was to reach 100,000 u and then stop trading contracts, only buying spot. After successfully reaching 100,000 u, my next goal was to reach 300,000 u, after which I would stop trading contracts and only buy spot. The third goal was to reach 500,000 u before buying spot, and finally, the fourth goal would be even higher.
One night, a friend suddenly messaged me saying that all his funds in u had been wiped out, and he didn't even have time to add margin before getting liquidated. I could only offer some comforting words, took a glance at the altcoin he was trading, and immediately opened a 20x short position above his liquidation price. Before long, that coin plummeted, and I continued to short all the way down. A week later, my assets had nearly increased tenfold, reaching 600,000 u.
I felt that continuing to short was risky, so I closed my position and withdrew the initial investment of 2,000 u from the crypto world, treating myself to a few days of indulgence and even bought an Apple phone. Originally, with the principal withdrawn, at least I hadn’t incurred losses; it just felt like a few months of hard work for nothing. But at that time, I, like a gambler, was blinded by the potential losses, immediately sold the new phone and my old laptop on an online marketplace, and scraped together some funds.
Listening to a group friend, I bought a ten-dog token, and naturally, the outcome was zero. At that time, I was completely dazed, right in the middle of my university's final exam period. When a test paper was handed out, my mind went blank. When it was time to submit early, I randomly guessed the multiple-choice questions and handed in the paper directly, even forgetting to fill in my exam number. Essentially, I failed all relevant subjects, and my life instantly lost direction. Luckily, I’ve never liked borrowing money from others; I have never touched online loans, which is a key reason I could rise again.
Surviving through tough times brings blessings. After getting through the low period, I started looking for other opportunities. By chance, I met a group of friends in an airdrop group who specialized in earning USDT through various errands, which introduced me to the industry of arbitrage trading. Through gradual learning, I gained a lot. So, I prepared a few thousand u, earned some USDT daily, ran errands, bought some spot assets, and saved some money. Just from USDT, I earned 200,000 u.
I want to share this experience to say that failure is not terrifying; there are plenty of opportunities in the crypto world. It's not just about contracts. If one path doesn't work, change your track; never give up. Airdrops, NFTs, holding coins, DeFi, quant trading, various arbitrages, brick-moving, and dealer errands, etc. In comparison, low-quality coins and contracts are indeed the least viable strategies.
In the crypto world, achieving financial freedom and class leap, I summarized 10 trading tips. Understand one, and you can achieve stable profits, worthy of repeated study:
1. Two-Way Trading: Suitable for bull and bear markets. Two-way trading is currently the most common trading method in the Giant Stone Wealth GGtrade platform. It allows for operations based on market trends, enabling buying long or short. Moreover, as the year-end approaches, Giant Stone Wealth GGtrade has launched a series of benefits, such as a 20% increase in investment returns, which is a significant boon for investors.
2. Coin Holding Method: Suitable for bull and bear markets. The coin holding method is the simplest yet the most challenging play. It’s simple because you buy a coin or a few coins and hold them for six months or more without trading. Generally, the minimum return is tenfold. However, novices often see high returns or face a price crash and want to switch coins or exit; many find it hard to stick to not trading for a month, let alone a year. So, this is actually the hardest part.
3. Bull Market Dip-Chasing Method: Suitable only for bull markets. Use a portion of idle funds, preferably no more than one-fifth of your total funds. This method is suitable for coins with a market cap between 20-100, as they won’t be locked in for too long. For example, if you buy the first altcoin and it rises 50% or more, you can switch to the next coin that has plummeted, and repeat this cycle. If your first altcoin gets locked in, just wait; a bull market will definitely help you break even. The prerequisite is that the coin must not be too unreliable; this method can also be hard to control, so newcomers should be cautious.
4. Hourglass Car Replacement Method: Suitable for bull markets. In a bull market, basically any coin you buy will rise, with funds acting like a giant hourglass slowly dripping into each coin, starting from large caps. There’s a clear pattern to coin price increases, where leading coins rise first, such as BTC, ETH, DASH, and ETC, followed by mainstream coins like LTC, XMR, EOS, NEO, QTUM, etc. After that, the coins that haven't risen will start to increase together, like RDN, XRP, ZEC, etc. Finally, various small coins will take turns rising. However, if Bitcoin rises, you should pick the next level of coins that haven’t risen yet to start accumulating.
5. Pyramid Bottom-Fishing Method: Suitable for predicting major crashes. Bottom-fishing method: Place orders to buy one-tenth of your position at 80% of the coin price, one-fifth at 70%, one-third at 60%, and one-fourth at 50% of the price.
6. Moving Average Method: To understand some basic candlestick principles. Set indicator parameters to MA5, MA10, MA20, MA30, MA60, and select a daily chart. If the current price is above MA5 and MA10, hold on. If MA5 falls below MA10, sell the coin; if MA5 rises above MA10, buy to open a position.
7. Violent Coin Holding Method: Trade only coins you are familiar with, suitable only for high-quality long-term coins. If you have a liquid fund and a coin is currently priced at 8 dollars, place an order at 7 dollars to buy. Once the purchase is successful, place a sell order at 8.8 dollars. The profit comes from holding coins. The liquid funds can be set aside for the next opportunity. Adjust dynamically based on the current price. If there are three such opportunities in a month, you can accumulate a lot of coins. The formula is: entry price = current price × 90%, sell price = current price × 110%!
8. ICO Violent Compounding Method: Continuously participate in ICOs, and when a new coin rises 3-5 times, take back the principal and invest in the next ICO, keeping the profits and looping continuously.
9. Cyclical Band Method: Find coins like ETC that are in a downtrend, increase your position as the price drops, continue adding to your position, and when you make a profit, sell off, repeating this process.
10. Small Coin Violent Play: If you have 10,000 RMB, divide it into ten parts, buying ten different types of small coins, preferably costing under 3 RMB each. After buying, do not pay attention to them. Don’t sell until they triple to five times, and if locked in, hold them for the long term. If a certain coin triples, take back the principal of 1,000, and invest in the next small coin. This can lead to astonishing compound returns! Watching the darkening sky outside, I turned off my computer. After ten years in the crypto world, I learned not only how to make money but, more importantly, how to maintain rationality in a crazy market. This market is always full of opportunities; what’s lacking is the ability to survive until the next bull market.
The method I personally tested: My trading method is very simple and practical; I turned 8 digits in just one year, only trading one type of pattern, entering the market only when I see an opportunity, and not trading without a pattern. I maintained a win rate of over 90% for five years!
I have navigated the market for many years, deeply understanding the opportunities and traps within. If your investments are not smooth and you feel unwilling to accept losses, leave a 999 in the comments! I will share insights at random.
