The Crypto King's trading journey: a legend from 5,000 dollars to over 100 million.

Strict stop-loss, patience to wait, and high risk-reward opportunities are the core secrets to trading success.

In the trading legends of the cryptocurrency world, the name "Crypto King" shines like a brilliant star. In three years, he turned an initial 5,000 dollars into an astonishing return of over 170 million yuan. His trading stories and philosophies provide valuable insights and inspiration for countless traders.

The true identity of the Crypto King is quite mysterious, but his public trading experiences and philosophies are extremely valuable. He once shared his journey on Weibo: "Honestly, I felt a bit isolated," and when faced with drawdowns, "what I can do is to try to preserve the principal and slowly restore my mindset and regain confidence."

01 Trading journey, from liquidation awakening to stable profits

The Crypto King's trading journey has not been smooth sailing. From 2015 to the end of 2018, it was his trading hiatus, filled with ups and downs, primarily honing his resilience.

His real learning in trading began at the end of 2018 when BTC dropped to over three thousand dollars. Prior to that, he lost all his spot positions worth hundreds of thousands on his first contract trading, and this experience made him suddenly realize.

After regaining calm, he began relatively strategic trading with around 200 dollars left in his account. Through nearly half a month's trading, he reached a high of 26,000 dollars.

He later withdrew previous funds and deposited another 10,000 yuan, then continued trading without ever liquidating again or depositing another cent, continuously withdrawing.

02 Trading philosophy, grasping high risk-reward opportunities

The core of the Crypto King's trading philosophy lies in patiently waiting for high risk-reward opportunities. He only acts when expecting over 30% volatility, which results in a very high risk-reward ratio.

He tends to only trade on daily trend levels (volatility > 30%), avoiding intraday short-term trades, choppy markets, and mindlessly accumulating coins. Even in choppy markets, he adheres to trend strategies, strictly setting stop-losses and patiently waiting for trends to emerge.

For directional choices, the Crypto King prefers to go long rather than short. He believes that under the premise of Bitcoin halving, if extreme panic occurs, retail investors go fully short, and the long positions face massive liquidations, it is an excellent opportunity for longs to enter.

03 Specific strategies, the art of opening and increasing positions

In the Crypto King's trading strategy, opening and increasing positions is a technical skill. He usually observes the overall trend and waits patiently for opportunities that may lead to over 30% volatility.

He opens positions where a reversal may occur; if the trend aligns with expectations, he holds on and looks for suitable opportunities to increase positions. He believes the turning points of trends may involve luck, but increasing positions is entirely a technical skill.

When to increase positions and by how much requires great caution; in uncertain situations, it's better not to add. He only increases positions when in profit, generally not exceeding the base position by 1x, and the additional position must also have a stop-loss set.

Absolutely do not increase positions when in loss, as there will always be a time that leads to severe losses.

04 Risk control, strict stop-loss for survival first

The Crypto King views stop-loss as the most important principle in trading. Before opening a position, he first considers how far he is from the stop-loss level, whether the stop-loss range is within his tolerance, and only then does he consider taking profits.

He adopts a "three-strike rule": if he incurs a stop-loss after the first time, he will increase his position size based on the original. If he is stopped out for the third time, he must take an unconditional forced break.

The Crypto King commonly uses three methods to take profits: one-time profit-taking, staggered profit-taking, and hedging. When the trend does not meet expectations or reaches the profit-taking level, he chooses to take all profits at once.

05 Leverage and capital management, high leverage for small funds and low leverage for large funds

The Crypto King is very flexible with leverage. He believes that with small funds, one can try high leverage to pursue high returns, and when waiting for opportunities with higher certainty, leverage can be appropriately increased based on stop-loss levels.

As the capital increases, leverage should be gradually reduced to improve the margin for error; otherwise, one major mistake would mean starting over. His leverage use gradually decreased as his capital grew: when the capital was hundreds of thousands, it generally did not exceed 10 times; when it reached two to three million, leverage would typically not exceed five times; in later stages with large capital, it would generally be around three times (mainly referring to BTC).

06 Mindset management, overcoming impatience and irritability

The Crypto King believes that trading mindset is crucial. He summarizes the main reason for significant drawdowns as impatience.

Impatience refers to becoming blindly confident after significant profits, leading to failure; irritability refers to facing a breakdown after multiple stop-losses, making it unwise to open positions at that point. He emphasizes that this is a lifelong course of practice.

07 Continuous learning and review, cultivating market sense

The importance of reviewing is self-evident. The Crypto King cultivates a sharp "market sense" by constantly reviewing and memorizing all historical trends, building a large "case library."

He believes that the essence of the market is trading, which actually reflects human nature's greed and fear. There are no shortcuts in trading; only repeated practice.

In ten trades, the Crypto King turned 5,000 dollars into 27.52 million dollars, with 7 profitable trades, 3 losing trades, a win rate of 70%, an average profit of 3.97 million dollars, an average loss of 91,000 dollars, resulting in a risk-reward ratio of up to 43 times.

The true secret of his success is not predictive ability, but rather strong execution. His trading system appears to be technical analysis, but the core is a complete philosophy regarding discipline, risk control, and psychology.

Every trader aiming for the market should remember this saying from the Crypto King: "Winning relies on offense, championing relies on defense." To smile in the long race of speculation, strict stop-loss is always the core principle.
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