Yu Yu, 28 years old, has been tempered in the cryptocurrency market for 8 years.

Starting from a university living allowance of 20,000, he experienced three liquidation events and borrowed 50,000 to restart his journey.

At 24, he heeded his father's advice to use some profits to buy a house, avoiding wealth evaporation, practicing the principle of "profits must settle."

Through the discipline of "never adding to a floating loss," he restrained his human nature and harvested millions in the ORDI rolling position battle.

He always "only trades in the secondary market," rejecting the temptation of on-chain and spot trading, focusing on his core competency.

This issue set a record for the longest interview in the "Dialogue" series, with more than 30 editions—we preserved his complete 8-year journey: how family intervention saved his wealth, his comeback after three liquidation events, the details of the naked K-head system, and the low point after the liquidation event.

This conversation does not contain any get-rich-quick myths, only the creed of surviving 8 years of blood, sweat, and tears.

Here is the fourth in-depth interview of OKX's "Trader's Dialogue." I am Mia, focusing on exploring the life stories and trading logic of top traders. Stay tuned.

Guest's Background:

· Yu Yu (1997, 27 years old)

· Major in College: Computer Science

· Past Work: Briefly engaged in design work, but chose to fully invest in cryptocurrency trading after making profits

· Crypto Enlightenment: In 2017, stumbled upon Litecoin through a photography group and self-taught to enter the industry

· Coin Trading/Binance Spot: "From 50,000 to 100 million in a year - 2000x return"

Chapter One: Personal Experience—The Journey Here

From 0 to Striking Gold: Learning, Accumulating, and Breaking Through (2017–2020)

Mia: How did you first come into contact with cryptocurrency?

Yu Yu: In 2017, I came into contact with cryptocurrency, which was actually a completely accidental opportunity. At that time, I was quite fond of photography and joined a photography enthusiast group. One day, I saw someone in the group talking about Litecoin, which made me very curious. I began searching on Baidu and Google to learn about cryptocurrency. The more I learned, the more I felt that this thing was suitable for me and might be the best financial asset for the future. So I spent a few days learning from various websites and videos, deepening my understanding of this field, and firming up my confidence in Bitcoin's future. In early 2017, I coincidentally caught the second wave of the cryptocurrency bull market, when the entire market was very hot, with many social platforms and chat groups discussing fervently.

Mia: How did you start learning to trade and get through the "beginner phase"?

Yu Yu: At the beginning, I had no idea about trading and had never dealt with stock assets. I started by just trading spot assets, but I kept losing money. I felt this wasn't sustainable, so I decided to systematically learn technical analysis and trading skills. I bought a few books, with the first one being "Reminiscences of a Stock Operator." This book has been the backbone of my entire eight-year trading career. I've read it at least ten times, and each time I gain new insights. At first, it felt like reading a novel, and I didn't fully understand it. However, as I gained practical experience, the content of the book became more and more helpful. I also read "Technical Analysis of the Futures Market," which covers Dow Theory, moving averages, Elliott Wave Theory, and various technical indicators. I learned the basic candlestick patterns, such as head and shoulders, double bottom, and double top.

Although I also read "Japanese Candlestick Charting," I felt it was not very applicable to the cryptocurrency market. After reviewing Bitcoin's historical price action, I found that the classic patterns didn't quite match, so I didn't delve deeper into it.

Mia: If you were to summarize three sentences from the first trading book you read, how would you share them?

Yu Yu: If I were to express it through the book "Reminiscences of a Stock Operator," I would say that most of my trading principles today are almost entirely derived from the content of this book. It has had a significant impact on me. There are a few sentences in it that many people might be familiar with, such as:

The first sentence, "The market is always headed in the direction of least resistance."

The second sentence, "You have to know this is a bull market." This means that during a bull market, you have to believe that the trend has formed and believe that the market will help you earn excess returns.

The third sentence, also crucial, is "Never fight the trend." The fundamental reason many people lose money is that they always want to trade both long and short. But the result is often getting hit on both ends.

Most of the time, all you need to do is choose a direction. For example, in the current market conditions, you only need to go long with the trend. Buy on pullbacks instead of trying to short the top. Because Bitcoin has already broken its all-time high, no one knows where the top is. If you try to guess, essentially, you're just blindly speculating. The only potentially effective resistance level might be a round number, or if it truly forms a topping pattern, then judging whether the trend is reversing and shorting would be more prudent. However, if you go against the trend midway, you're basically going to keep getting beaten and losing money.

Mia: Besides reading books, did you join any communities or follow any KOLs during your introductory phase?

Yuyu: At the beginning, I did indeed go to see other people's content. I have also written about my learning experience when I first entered the scene. At that time, I posted an article on Twitter, mentioning the first ancient-level KOL I followed—'Chessboard.' His previous Weibo username was 'Litecoin.' When I first came into contact with him, I was almost 'crazy,' constantly looking at his views and joining his community, which lasted for a while.

However, over the past few years, I have hardly joined any new KOL community groups. The only group that I am still in now was one I joined in 2018, which was also created by an ancient KOL. Although the group owner is long gone, there are still over a hundred brothers sticking around in the group, which has been maintained to this day. Occasionally, we also get together offline, which I think is nice—it has turned from an online to an offline friendship.

But I also realize that if your sources of information are too diverse, such as following many KOLs and reading many scattered articles, it can actually bring a lot of noise. The more chaotic the information is, the greater the disturbance to your trading. This, in turn, hinders you from making clear trading judgments. You may have been building your own trading system, but due to receiving too much distracting information, you become hesitant and unable to execute decisively. For example, if you are holding a position and suddenly see a KOL expressing an opposing view, you may immediately waver, starting to doubt whether you were wrong. So, I think in this market, the only thing worth trusting is always yourself.

To be honest, over these years, very few people have actually made money. This actually also reflects the reality of the entire current market. If '80-20' is already considered optimistic, then I think '90-10' is even more realistic. Most people are at a loss. Even if they have been in the circle for seven or eight years, it does not mean that their trading ability is necessarily strong. Because everyone's growth rate and learning ability are different. Some people may, in a short period of time, quickly improve their abilities by summarizing their past mistakes and intensive learning; however, many people get stuck in path dependency—they initially made money in a certain way and will continue to use that method. But we are already in 2025, even Bitcoin has been included in an ETF. If you are still using the old methods from a few years ago to trade, it definitely won't work. Many people cannot make money because their thinking has not kept pace with the times. Trading is the same. If the market suddenly changes direction, you must quickly adjust your strategy. For example, in an uptrend, if there is a sudden retracement and it falls below the previous high, if you are still holding on and adding to your position at that time, then losing money is inevitable. Therefore, the most important thing in trading is timely responsiveness and flexible adjustment.

The Most Difficult Low Point: From Zero Funds to Survival Through Borrowing (2018–2019)

Mia: How long after getting in touch with Web3 did you earn your first bucket of gold?

Background: At first, I was just like everyone entering the trading market. I would study and watch various indicators, then apply them in the market to learn and experience firsthand.

However, in the first two years, I hardly made much money. Not only was the market fluctuating, but my account balance was also constantly in flux. I would make some money, then lose it back, make some money, and lose it back. It was always like this for almost two years.

At that time, I was too embarrassed to ask my family for help, so I chose to handle it myself. Eventually, after losing borrowed money as well, my mental state was close to collapse. I felt that if I were to lose again at that stage, my mindset would completely shatter.

Initially, like many newcomers, I experimented with various indicators, learning while trading. However, in the first two years, I hardly made any significant profits. My account balance kept fluctuating, gaining a bit during market upswings and losing during downturns, repeating this cycle for almost two years.

Mia: Fortunately, you've now overcome that phase. How did you operate back then?

Background: Because in 2018, I had just started getting into futures contracts, I wasn't familiar with the entire futures market at the time. Similar to many newcomers today, I didn't have much fear of leverage. I would recklessly use high leverage, whether it was 10x, 20x, or even more extreme cases like 50x or 100x.

Back then, I probably used up to 10 to 20 times leverage. But at that time, I really had no fear of the market. I would continuously try to go all-in, aiming to double my funds rapidly. Because at that time, some people were making money in the market, and we all came from the same stage. When you see others making money, you feel a lot of anxiety.

And then you think, "Why can't I do it like others?"

But the truth is, once you take that step, you realize that you really can't.

Key Turning Point: Awakening Moment and Bull Market Wealth Explosion (2020–2021)

Mia: When did you suddenly feel like you had an "enlightenment" moment in trading and experienced a true breakthrough?

Background: When I first started trading, I wasn't very familiar with concepts like liquidation. I was mainly playing around with some small altcoins. The first time I made hundreds of thousands was through Sun's projects TRON and BTT tokens, but later on, I mostly lost it on those investments.

Speaking of which, there is indeed such a thing as an "epiphany"—it is the moment when you suddenly feel that you can break through all previous transaction bottlenecks, and transactions start to become smoother and smoother, almost like a fish to water. Or it is similar to the moment in a martial arts novel when a master suddenly enlightens, crossing a threshold in an instant.

The infamous "312" event that terrified everyone was actually my turning point. At that time, Bitcoin plummeted from over 10,000 to 3,791, and I started to participate when it was over 6,500. Due to leverage, as the BTC price continued to drop to over 4,000, my account assets shrank significantly. I kept reducing my position to control the risk, and the liquidation price dropped to below 3,000. Fortunately, the exchange pulled the plug at that time, halting the spread of panic.

The moment of "epiphany" for me came during the bull market phase after "312." I had been hovering around the 1 million mark for a long time, psychologically obsessed with breaking through the integer mark. One day, while looking at the market, I suddenly had a very strong intuition about a coin, thinking, "It's this one, it will keep going up." Although I can't recall which coin it was now, the feeling at that time was very clear. Subsequently, the market stabilized, entered the super bull market of 2021, and I finally made my "first pot of gold."

At that time, I was using relatively high leverage, roughly 5 to 10 times. After the breakthrough, I kept adding to my position and rolling over, turning less than 1 million into three to four million. That wave was almost the real starting point for me, and I kept rolling over along the entire bull market cycle, eventually reaching tens of millions.

A Painful Post-Mortem: Inflation and Collapse After Sudden Wealth

Mia: Everyone says that money earned through luck will eventually be returned through cognition. So, did you manage to keep the tens of millions in assets you earned around the age of 24?

Yu Yu: I have always felt that if it weren't for my parents and that sudden wealth experience, I might not have kept a single cent in the end. Earning tens of millions in your early twenties can make you feel like a "genius." At that time, I felt extremely inflated internally, although I appeared very restrained on the surface, deep down, I truly believed that I could easily earn fifty million or even a billion in the future.

I didn't boast about these to my friends, but I would tell my parents. For a child, parental approval is the most important thing. Initially, my dad even thought I had done something illegal, repeatedly confirming if it was legal. After confirming its legality, the first thing he said was, "Hurry up and cash out to buy a house and a car." But I couldn't listen, and I even stopped answering his calls later on.

It was finally my mom who convinced me. She has always been gentle and unconditionally supportive, telling me, "Your dad is doing this for your own good; you should listen." I finally compromised, just in time for the peak of the bull market, cashing out half of the funds to buy a car and a house. The remaining over ten million evaporated completely within half a year.

In hindsight, if it weren't for that house and that car, I might never have been able to stand up again. It was precisely these real estate assets that supported me, giving me the confidence to start over — even if my account was emptied, I knew I still had something left.

On this journey of trading, one's character determines the limit. Some people become conservative after sudden wealth, only thinking about preserving their riches. But not me. I have always run on the path of turning knowledge into wealth, even if I stumble along the way, I know I have to keep moving forward. Fortunately, my original family instilled in me this indomitable spirit.

II. Rising to Fame in One Battle — From $50,000 to a Billion in Assets in 1 Year and 9 Months: How Did the "New Trading Deity" Become So?

From $1 Million to $10 Million: All Thanks to Ordi, Revealing the Trading Strategies

Mia: What was the key turning point in making from $1 million to $10 million, and what was the strategy?

Yu Yu: Besides the $500,000 mark, the most crucial stage was when I used Ordi to grow my funds from $1 million to $10 million. However, at the $10 million mark, I experienced a relatively long period of stagnation. The assets behaved like a market in a sideways trend, fluctuating within a range, always difficult to break through. After hovering for a few months, during which time I was eager to surpass the $10 million mark, the market conditions were not favorable. No matter how I traded or monitored the market, a breakthrough seemed hopeless.

I kept reflecting: What was the issue? Was the market not suitable for me? Or was it my mindset that was the problem? Eventually, I realized it was a mindset issue. Because I was too eager to break through the $10 million round number, this goal created significant pressure in my mind and became a hindrance. Later on, I concluded that the mindset had to be calm, not impatient, and to patiently wait for the right market conditions suitable for me. Only by letting things take their course could a real breakthrough be achieved.

I had high hopes for Ordi when it first appeared in the inscription and BRC-20 phase. The platform it initially launched on was a small exchange. Over the years, apart from OKEx and Binance, I had hardly used any other small exchanges because fund security was paramount to me. It wasn't until Ordi came out and other platforms had not yet launched that I started using this exchange. The initial funds transferred were not significant, around three hundred thousand dollars, bought near the peak at around $30. Subsequently, after experiencing a long bearish trend and feeling the trend was abnormal at around $20, I decided to stop-loss exit, incurring a loss of over a hundred thousand. Due to engaging in leveraged contracts, the loss was relatively substantial, so I withdrew all the funds thereafter.

Later, Ordi was listed on OKX. After a few months of consolidation, the Inscription Wave emerged, and the price surged from $3 to $100. However, I did not catch the first wave of a tenfold increase from $3 to $30. Because my trading habit is not good at capturing the starting point of a rally, I missed out on this part of the profit. When the price reached $30, I judged that the market was far from over. At that time, the external environment and market trends were very favorable, in the midst of a small bull market, so I started to establish a base position at $30 leveraging up to 2 to 3 times during the consolidation period. Subsequently, with each breakout, I continued to add to my position, eventually reaching a position size of over ten times. This was because I had a sufficiently secure profit cushion. For example, I entered at $30, added to my position when the price broke $33, and the average cost became approximately $31.5; then, when the price rose to $37, I continued to add. Although the leverage was high, the overall entry cost remained at a relatively safe level. I can't remember the specific prices and candlestick patterns now and would need to look at my computer to provide a detailed explanation. However, I can later more elaborately describe how I continuously rolled over my positions to grow my funds from hundreds of thousands to 10 million.

Mia: At that time, you were adding to your position with floating profits. What was the typical ratio for adding to your position with floating profits?

Yu Yu: Almost always a one-to-one ratio for adding to my position. For instance, at the beginning, I used a two times leverage. When the market broke out, I would add another two times leverage; later on, when encountering a significant resistance level, my leverage had already quadrupled the initial funds, and with the next breakout, I would add another four times leverage. It was all about continuously rolling over my positions.

Regarding that market surge, I remember it went from over $30 to over $50, even reaching $60, during which I made several million. Afterward, starting from $60, it entered a consolidation period, which actually aligned well with my trading style. So, I kept scalping within the consolidation, earning some more funds through these operations. Subsequently, the price surged from $60 to over $90, during which I made some profits, but not significant. Then, the price started dropping from over $90, and my $10 million assets came to a halt from this wave of decline. The initial retracement of the $10 million was actually due to Ordi. As it kept falling, I eventually chose to stop loss and exit. Later, I found that its trend had already changed, and I couldn't profit from short-term scalping within it anymore. Therefore, I withdrew all funds from Ordi and started trading other mainstream coins, such as Bitcoin, Ethereum, and so on.

Mia: How did you manage your position when trading Ordi at that time? For example, what percentage of your overall position did the base position roughly represent? And what ratio did you use for adding to your position?

Yu Yu: Just as I mentioned earlier, because I judged that the overall market trend has not ended yet and the market is still in progress. Especially in the early stages, it has already experienced a significant rally. I think this point is crucial. In fact, up to now, my trading strategy remains the same - when a certain market movement, or a particular coin experiences a significant surge or drop, once it starts to enter a sideways consolidation phase at the bottom, this is a very safe range for me.

I usually choose to use a very high leverage to engage in short-term speculation within this range, capturing its oversold rebound. Take the recent Ordi surge, for example. It rose from $3 to $30, a tenfold increase. For many people, this surge is already significant, but at that time, I felt that the market sentiment was still very heated, the entire Inscription series was far from over, and various new coins were emerging. So, I judged that this wave had just begun. Therefore, I would directly use high leverage at this stage. For instance, I would establish my core position at around two times leverage, and subsequent position increases were almost one-to-one - this is the method I mentioned earlier about adding to a position with unrealized gains.

Mia: During the time when Inscription was particularly hot, I remember many other projects emerging. Did you consider investing in projects other than Ordi?

Yu Yu: No. Except for Ordi, I basically had no contact with any others. The only one I operated on was it. I always only trade the leader. At that time, I identified Ordi as the leader of the entire Inscription series. Since it is the leader, I wouldn't touch those "younger brother coins" such as "Little Dragon," "Dragon 2," "Dragon 3," I wouldn't do them. For me, I only go for the strongest.

Achieving Over a Billion in Profits: Bouncing Back After Three Liquidations with a $50,000 Loan, Leveraging BTC and ETH Swings

Mia: You turned $50,000 into a billion in one year and nine months. Did you cash out everything and then try to operate with a $50,000 small fund?

Yu Yu: No. After being liquidated in 2021, I almost went back to zero, not even having the principal. Because the property had not been properly documented, selling the house for a mortgage was not feasible. I ultimately borrowed some money and started trading again from the end of 2021. During this period, I made several million in profits with this fund, but didn't hold onto it. I kept fluctuating between profit and loss. It wasn't until mid-2023 that I used around a million in my account to add to a position in a trade. Initially, I was right in my view, but due to greed and leverage, I ultimately failed to chase the highs, and within a few days, my portfolio value dropped by seventy to eighty percent. When I was liquidated, my mentality completely collapsed, I went 'all in,' and ended up losing everything. After adjusting for a few months, in October 2023, I borrowed $50,000 for one last attempt. This time, I didn't cash out frequently, started operating more cautiously, invested the money in OKX for mainstream coins and some altcoins, and reached up to $500,000. I have always been keeping a real account of my trades, going through about three to five liquidations from a bull market to a bear market. Upon reflection, I realized that the key to liquidation is not technical but a mental breakdown. This time, I learned all the lessons, started to truly put emphasis on position management and risk control. All my data is open and transparent, everyone can see my entire journey from a few hundred thousand to a billion, and as a result, I have gained a lot of trust and support.

Mia: Have you reflected on your three liquidation events? What changes have you made to your trading since then?

Yu Yu: After each liquidation, I have conducted a serious retrospective. The first time was in 2021 when I had over 10 million in the exchange, but I was liquidated entirely due to blind optimism and overconfidence. I firmly believed that Bitcoin would rise to one hundred thousand and thought I could definitely turn that amount into fifty million. However, I was completely oblivious to the market reversal, displaying a youthful and arrogant mindset. The second liquidation was actually very similar to the first, once again due to overconfidence. I thought my judgments were very accurate while continuously chasing the price higher, only to end up in failure again. The third time was chasing a meme coin at its peak and was brutally chopped off. At that time, I did not stop out in time, hoping for a rebound, but it was only a brief weak bounce followed by a steep fall. In the end, my psychological defense was completely shattered. Through these retrospectives, I realized that the root cause of the liquidation was not the market conditions but rather my own arrogance and emotions. Afterward, I changed my strategy. Whenever I had the thought that "the market must move according to my expectations," I would force myself to stay calm, avoiding high-leverage trading under such emotions. I summarized an experience: do not use too much leverage on a single asset. Under high leverage, even a slight market fluctuation, like a 3% or 5% drop, can lead to significant losses. You may become trapped, missing the opportunity to adjust and transfer funds, helplessly watching the market present other money-making opportunities that you cannot seize.

Mia: How did you grow from ten million to one billion?

Yu Yu: The journey from ten million to one billion is actually similar to what I mentioned before. None of my trades were based on a single heavy position to achieve excess returns. As I often say, "profits and losses come from the same source"—if I were to start with ten million and try to earn fifty million in a single trade, the probability of me losing money would be much higher than that of making a profit. Therefore, the process from ten million to fifty million was mainly achieved through continuous scalping of Ethereum and Bitcoin.

It was almost the same as doing Ordinary. I will judge a certain range as a sideways range and then use three times leverage to scalp Bitcoin or Ethereum, buying low and selling high, back and forth. For example, opening positions of millions, in these two markets, I can smoothly open and close positions without any slippage, and the liquidity is very good. This is also why I choose to continue using this pattern to scalp.

III. Trading Philosophy and Practical Strategy - Strength Begets Strength, Only Trade Leaders

How to Choose Targets & Tracks: Only Trade Leaders and the Hottest Track

Mia: How do you usually select coins?

Yu Yu: From the beginning until now, I have always adhered firmly to a logic: I only buy blue-chip projects, I only focus on blue-chip projects. I will scan the gainers list in the crypto market to select those strong coins that I believe still have potential, even those that have already experienced a first wave of increase and are currently in a second wave of consolidation. During this phase, I will choose to get involved. Because in this market, I have always had a very clear judgment — strong is strong, weak is weak. Strong coins usually remain strong, while weak coins really struggle to rise.

Many people like to wait for a strong coin to rise significantly before accumulating some weaker coins that have not yet risen, thinking that these coins at a low point may experience a round of upward movement. This strategy may be effective during a bull market when everything is rising, but it is very risky in a structural uptrend. On the one hand, it ties up your capital, and on the other hand, when you see the coins others bought are rising while the coins in your hands are not moving, you may become anxious and even switch positions frequently. The result is: you missed the opportunity to enter when it was time to rise, and then when it's time for that coin to rise, you miss it again due to jumping ship midway. So, after this round, you haven't made much money. And when you see others making money, you will feel very anxious. So, I only focus on the strongest coins.

I used to invest in assets other than BTC and ETH before, but I won't do that anymore now that I have this amount of capital. Because the liquidity of small coins is indeed insufficient, and the opening and closing of large positions can cause the price of the entire coin to fluctuate, so I can only focus on large-cap coins. Although in 2021, I made money by trading mainstream coins and altcoins, everyone can clearly feel how challenging this round of the market is, and it will not replicate the situation of the overall rise of all coins as in 2021. Especially in times like this, coin selection and holding are crucial. BTC has increased nearly 5 times from $25,000 to now, but ETH has not even reached half of its increase. This bull market round does not have what people traditionally considered the altcoin season.

Mia: You mentioned earlier that you select some coins every day, including both mainstream and altcoins. What is your logic for screening these coins?

Yu Yu: I only focus on blue-chip projects. Many people may have heard of this "blue-chip" strategy, and I firmly execute this strategy as well. The entire crypto market can actually be divided into many specific sub-sectors, and each coin has its own positioning and story behind it, such as which specific sector it is in, what problem it solves, and so on. In these sectors, I will prioritize selecting the leading projects. Once I find that the price of a particular blue-chip coin is consistently increasing, showing strong momentum, and its trend also aligns with my trading system, I will pay close attention to it and look for suitable trading opportunities to enter.

Mia: Which sector do you pay more attention to?

Yuyu: When my funds were not as large in the past, I mainly focused on event-driven strategies, such as Ethereum upgrades or various staking-related projects. Now, I choose to participate in the hottest and most popular tracks in the current market. For example, during this wave, as my real trading funds grew from 1 million to 5 million, I actually earned excess profits almost solely through Ordi. Just on the Ordi token alone, I made close to 10 million and accomplished a fund leap from 1 million to 10 million.

Mia: The secondary market is indeed becoming more challenging. Have you ever thought about switching to on-chain strategies?

Yuyu: Since I first entered the market, I have always focused on the secondary market. Whether it was the booming ICOs of 2017 or other projects, as long as it was a public offering, I have never participated or invested in any projects. I have also not researched arbitrage or other on-chain niche areas. Because I have always believed that as long as I focus on my trading in the secondary market, achieving my goals is enough.

I have joined some groups and seen friends making money on-chain. But personally, I am not eager to step out of my comfort zone. I have always believed that the secondary market is the area I am most familiar with and focused on. If I were to try a different direction, such as on-chain strategies, I would have to relearn and reacquaint myself, which would be troublesome and draining for me. Why would I want to step out of my comfort zone when it is so comfortable? Although the secondary market is not perfect, at least I can understand it, comprehend it, and it has already brought me positive feedback. I do not need to start over or blindly chase opportunities in a completely unfamiliar track. I have always believed in "what goes up must come down" — this has been the case since I started doing smart contracts. If I make money through a contract, I could also lose money in the same way. The on-chain space is the same. If I use a small portion of my funds to "strike gold," if I really hit a hundred or a thousand-fold return, I might fall into path dependence, always thinking about whether I can find a few more "gold mines" in such a vast ecosystem. But I do not understand the complexity of the on-chain space, although I estimate it is not lower than the secondary market. So, I think it is better for me to refrain from participating for now.

These past two years, cryptocurrency trading has indeed become very challenging, a fact that most people are aware of. Yet, during these two years, my funds have continued to double, allowing me to accumulate excess assets. I believe that the secondary market has actually never encountered a significant bottleneck; it's just inherently difficult. Because I am an oscillation trader, mainly focusing on short-term trades, ranging markets are more suitable for me. I assess whether the market is in a range-bound state and then use high leverage to capitalize on fluctuations and earn profits. Most people may be spot trading, earning or losing one point at a time. However, if I judge that the market is in a ranging state, I will use three times leverage for short-term repetitive trades. In this way, as long as the market cooperates, I can achieve decent returns.

Risk Control System: With a large fund size, it is advisable to focus on mainstream coins and partially withdraw profits

Mia: Have you ever experienced path dependence after making money on Ordi? For example, trying to replicate a similar trading pattern, only to end up making losses?

Yu Yu: No. After I withdrew from Ordi, my asset size had reached close to ten million. At this point, I basically no longer try to replicate that pattern through other meme coin contracts. I believe that once your funds reach this size, if you still engage in meme coins, on one hand, the liquidity is not sufficient, and on the other hand, once your position size becomes too large, your position information is actually relatively transparent on the exchange, making you an easy target. Therefore, when your fund size reaches a certain scale, you must focus on mainstream coins like Bitcoin, Ethereum, Solana—coins that can accommodate large funds and are not easily manipulated. In markets like Bitcoin and Ethereum, your tens of millions or even hundreds of millions of funds will not significantly influence prices. Trading in these markets is a safe and stable choice.

Mia: Many people, as their positions grow larger, may choose a more conservative approach, such as reducing leverage, decreasing position size, or diversifying in other directions. Have you made any adjustments in this regard? Or is it the same as before?

Yu Yu: It's the same as before. Because, as I mentioned earlier, it's determined by my inherent character—I'm inherently a relatively aggressive person, with a bold spirit and a good mindset. I can bear the profit and loss expectations I've set for myself. For example, when I open a position, I will evaluate in advance how much I can earn and how much I can lose, ensuring that everything is within a controllable range. Even if a significant loss occurs, I have the confidence to quickly adjust my mindset, wait for the next suitable opportunity, and re-enter the market.

Over the years, through continuous review and refinement, my trading system has become relatively stable. Now, it's all about constantly removing impurities, making it more and more like a sustainable profitable model. I've already validated that this model works, so all I have to do next is to believe in it and execute it firmly. Truly integrating knowledge and action is very rare. Once you're really in the market, once your positions are established, everything changes. That's why analysts in the market are often not well-received—because no matter how well you articulate your analysis, actual trading and order placement are two completely different worlds.

Mia: After experiencing so many liquidations, do you still worry about maintaining such large positions? What if you really encounter a black swan event one day?

Yu Yu: Indeed, I had set a phased goal for myself before, such as reaching 50 million first, and then this time I aimed to reach a billion. During this period, the actual trading profits did surpass a billion. So, after achieving this phased goal, I would prefer to engage in some "defensive" operations, meaning properly diversifying funds, not concentrating all funds in one contract. Although I had previously isolated assets, such as withdrawing a portion, the overall cash flow is still quite sufficient. Real estate is also stable, so even if I lose all the funds or clear out all the market funds now, it will not have a significant impact on my life. I still have the confidence to continue trading in the market.

Mia: How to Set Your Own Take Profit and Stop Loss Levels?

Yu Yu: In the early days, I actually had a rather strict stop-loss criteria. For example, if the altcoin I was trading dropped by more than 15%, meaning my overall assets shrank by 15%, I would quickly cut my losses. However, later on, I found that this approach didn't work well with altcoins because of their extreme volatility. Operating based on this logic resulted in me constantly triggering stop-losses, causing my funds to diminish even further. So, my stop-loss strategy started to become more flexible, mainly based on the specific market conditions.

Especially now, my entire trading system only looks at naked candlesticks (K-line) and no longer uses any technical indicators. I personally believe that candlesticks alone can most intuitively reflect the market's support levels, resistance levels, and trend reversal points. Therefore, my take profit and stop loss decisions are mostly based on the support and resistance within the candlestick structure. Initially, like everyone else, I read many books and studied various technical indicators such as Elliott Wave Theory, moving average systems, and Elliott Wave Theory. But later on, I found that these indicators were mostly lagging. When they signal "buy," the market has often already risen, and the trend has formed. If I rely on these signals to trade, I will always be behind the market. So, I gradually removed these technical indicators from my system and focused only on reading naked candlesticks—looking at the candlestick chart in the most intuitive way to guide my actions.

Mia: How do you deal with it when you realize your trend analysis is wrong?

Yu Yu: Of course, I also make wrong judgments. But my trading habit is like this: if I assess that a certain coin may potentially enter a good uptrend, I usually establish an initial position while it is still consolidating, testing the waters early. Because I usually watch the market for a long time, and I believe my feel for the market is relatively strong. Usually, after the first entry of the initial position, during the subsequent market observation, I can sense the market's strength and weakness—whether it is in a strong consolidation or a weak oscillation, these are all perceptible to me.

Trading Frequency & Win Rate: Depends on Profit Points, Using a Referral Code Can Really Save Fees

Mia: What is the frequency of your swing trades?

Yu Yu: This frequency is actually hard to define clearly. As I mentioned earlier, I choose to do short-term swing trades in the consolidation range after high volatility. At this time, the frequency of swing trades depends on your profit points. Do not set a very precise expectation, such as always aiming to make one or two points upon receiving a signal. Instead, you can choose to "take profits when you're in profit." When your profit can cover the trading fee, you can consider taking profits. Although the fees may be high, I still recommend everyone to use a referral code; it can really save a lot. I didn't use a referral code before, so in the two live accounts I currently use, the fees alone have contributed millions.

Mia: How do you control the rhythm of swing trading? For example, when to go flat, when to open a position, and so on?

Yu Yu: To be honest, I don't have a fully developed trading system for swing trading. I really rely on gut feeling to operate. I look at the candlestick chart, support and resistance levels, and then make judgments based on intuition. For example, if I feel the market is strengthening, I will buy, or I will place limit orders in advance. I think everyone can try placing limit orders in advance: when the market is relatively calm, or after experiencing high volatility and entering a consolidation phase, you can find some previous key support or resistance levels on the chart, and then place some buy or sell orders. It's really easy to catch. Once caught, the first target is to "execute the order," without trying to make a lot of profit on that single trade. This point is particularly crucial. Almost every limit order I place now gets executed at a decent position, and when I see a profit on the table, I just close the position directly. This is a little trick that I find very useful based on my personal experience.

Mia: What is the success rate of this strategy?

Yu Yu: Very high. Almost every time I place limit orders like this, as long as they get filled, I make money. But the premise is that it must be within a consolidation range. Don't wait until the major trend to place limit orders; otherwise, you will easily get caught up in the market. So you must judge in advance whether the current market is in a consolidation phase. If it really is a ranging trend, and you place limit orders, the success rate will be very high.

Mia: We just talked about the stop-loss part. You mentioned before that you used to have a strict control, such as setting a stop-loss at a 15% drop for altcoins. But later, you felt that setting a 15% stop-loss was too large of a fluctuation and would lead to constant liquidation losses. How did you iterate on your stop-loss system later?

Yu Yu: My current stop-loss system is designed based on the entry point; I usually place the entry point just before a clearly defined stop-loss target. My stop-loss logic is actually straightforward, as I mentioned, it's the "major support zone." I will choose those places with clear stop-loss points to enter a position. For example, now that the Bitcoin price is $119,000, the strongest resistance level below it must be the previous high. So when the price approaches that target, it is actually safer. At this point, once you enter a position, you will have a very clear stop-loss point—if it falls back to the previous high, I will stop the loss. This method is applicable to any cryptocurrency. As long as it has a very critical support level that has been verified multiple times in the past, you can use that position as your stop-loss point. When the price effectively falls below it—of course, here we also differentiate between a false breakdown and a valid breakdown, which we have to judge for ourselves. But I still advise everyone to stop the loss when it falls below. You can choose to re-enter after it rises back up, but the stop-loss must be resolute and placed at the most critical position.

Trend Analysis: Focus on Naked Price Action and Volume, Achieving Unity of Knowledge and Action

Mia: What kind of trend, or what kind of structure, do you consider to be in line with your trading system?

Yu Yu: Actually, my trading system is very simple, as I mentioned before, I have always believed in "simplicity is the ultimate sophistication." I have stripped away all the fancy technical indicators, completely excluding them from the trading system. What remains is actually something familiar to everyone and easily understandable—looking at naked price action, such as head and shoulders, wedges, triangles, bullish structures, and so on. Up to now, my trading still mainly relies on these patterns.

However, I believe that compared to most people, my greatest strength lies in my strong execution ability. Although I cannot say that I can achieve complete unity of knowledge and action 100%, once I identify a pattern that fits my trading system, I will rigorously execute it and have full faith in it. Because many people can actually understand these patterns. For example, when a head and shoulders pattern emerges, everyone can see it and knows how to measure the upward potential—calculating a target from the low point to the high point. Many people can even enter a position in advance and indeed wait for the breakout, but during the actual uptrend, a small retracement may scare them off.

Although the pattern has indeed formed and the trend is correct, they may not have made any money. The reason is that during monitoring, they will constantly doubt themselves, and may even be controlled by human nature—for example, thinking, "Is it going to drop further? Is the retracement over?" Then they exit their positions before confirmation. As a result, when the trend truly takes off and the retracement ends, they miss out on the core of the rally. But my execution ability is really strong.

Mia: Have you ever made mistakes in such situations? Because sometimes even when the pattern has already formed?

Yu Yu: Yes, of course, there are. The breakout trades I engage in, whether pattern breakouts or range breakouts, actually have the possibility of failure. For example, it could be a very simple consolidation range—an oscillation between support and resistance, forming a sideways pattern. I usually establish a base position in the middle of this consolidation range, and the win rate at this position is 50%. It could either break upwards or downwards, so the risk-reward ratio at this point is basically one to one. But because I tend to be bullish and believe it will rise, I will establish a base position in the middle. Once it breaks out, I will add to my position again, in a one-to-one ratio. After adding, my overall average price will be raised to near the middle of the range, at which point I will immediately set a breakeven point—preventing a profitable trade from turning into a loss.

What if it is a false breakout? This situation is also very common. How do I deal with it? If I already have a base position and added to it on the breakout, as soon as the price returns to my entry point, I will promptly close the position at breakeven. This is how I handle false breakouts. But if I did not have a base position before and only chased the breakout, then I must monitor the position. This is where the "sense of the market" comes in, and to be honest, it's a bit mystical. When I feel that the trend is still strengthening, I will continue to add to my position; if the trend weakens, I will gradually reduce my position.

Throughout the whole process, it was repeated paper trading. For example, if I added to my position and found out it was a false breakout, I would immediately reduce it; if there was a pullback and I still believed there was hope, I would add back to it. I kept repeating this process until it truly broke out. Although this method may result in significant wear and tear in the early stages, once a genuine breakout occurs, the resulting gains are substantial. Moreover, during this process, by constantly scaling out, I could maintain a higher level of security. In other words, even if it eventually broke down, I had already reduced most of the position. When confirming the breakdown, I would then cut off the remaining position, so the overall loss could be controlled. However, if it broke out smoothly, then through my repeated paper trading approach, not only could I capture the entire upward movement, but the final profit would also be sufficient to cover all the costs of trial and error.

Mia: So for example, after it has already broken out, how do you determine whether it is in a strong trend or a weak trend? Do you use any volume and price analysis techniques at this point?

Yu Yu: Yes, I do. I mainly look at naked charts and volume-price analysis, focusing on whether there is actual trading volume, whether it is a volume-supported rally or a volume-deprived rally. However, this analysis needs to be combined with the overall market trend to make specific judgments. For example, when setting take-profit and stop-loss levels, the best approach is to combine historical strong resistance levels and strong support levels on the candlestick chart. How do you determine these levels? Basically, you look back at past candlesticks—if a price range has been touched multiple times but has never broken through, it is likely to have formed a resistance level; similarly, if a range repeatedly holds up, it will form a support level. These levels usually do not appear just once; they are often formed naturally after multiple tests.

Operating near these key levels, whether opening a position or setting a stop loss, is relatively safer. For me personally, this method has a much higher success rate than using technical indicators such as moving averages or Bollinger Bands. If you look at my actual trading records on Binance or the signal projects I am currently working on, you will see that my success rate in opening positions is very high, basically above 60%. This is achieved through this repetitive swing trading, accumulating profits repeatedly, including the breakout-addition and paper trading trading systems I often use.

This is the method I have summarized over the years that best suits me. Of course, it may not be suitable for everyone. Some people may prefer to decide on entry or exit points using moving averages. Everyone has a different suitable method, and the key is to find a system that best suits oneself, then constantly deepen, iterate, and learn based on it, gradually refining one's trading system.

Mia: Regarding volume and price, do you have any tips to share?

Yu Yu: Actually, regarding volume and price, I suggest that everyone should read more relevant books. Reading books is truly the simplest, fastest, and most systematic way to acquire knowledge. Whether you are in this market or you want to become an excellent secondary market trader, many formidable OGs will not disclose their core experiences for nothing. Even if they are willing to share, they will not comprehensively teach you how to improve and execute every point. However, by reading books, you can systematically understand volume and price logic, grasp some key methodologies, and then validate and evolve them into a system that suits you through practical battles.

Chapter 4: Trading Life — Satisfied with Material Wealth, Now It's Time to Earn with Others

After Earning: Unafraid of Doubt, Eager to Share the Trading System with Everyone

Mia: How did you feel after earning money? Did your approach to trading change?

Yu Yu: In this market, I've seen many so-called "geniuses," but most of them are short-lived. Initially, you might think that half a million or a million is a substantial asset. However, once you truly reach this stage, you'll find that your inner greed will constantly erode your mind, telling you, "It's not enough, far from it. You need to earn more, even reaching ten million, fifty million, or a billion." At this point, it's all about one's character — whether you can control your desires determines how far you can go.

Over the years, there's only one person who left a deep impression on me. It was when I first entered the circle, and we were all part of a KOL group. I remember it distinctly. He started with fifty thousand as capital in the 2017 bull market, used futures contracts for leverage, and eventually turned that fifty thousand into twenty million. He was the only person I've seen who, after making money, immediately stopped. He wasn't driven by greed, cashed out directly, and withdrew all his funds. Even today, eight years later, I still think he left the most lasting impression on me. During the 2021 super bull run, many people also made millions by following the trend. However, if they had continued in the market, by 2024 or 2025, most of them would have lost almost everything they gained.

Mia: When you shared the story of earning a billion on various platforms, you faced a lot of skepticism. How did you deal with these doubts?

Yu Yu: This situation is common. When it comes to actual trading results, everyone might say it's faked. When I first started sharing on social platforms, many people indeed doubted, claiming the data was fake or calling me a platform "apologist" or accusing me of "god-making." After Binance launched real-trading projects, most of this skepticism disappeared. No matter how skilled an individual is, they can't collude with an exchange to manipulate trading data. Real-trading data is directly linked to trading accounts, with all historical gains and losses, trends, and fund curves clearly recorded. Thus, doubts are nearly nonexistent. Real trading is initiated, and performance is verifiable. My real-trading data is right here. If you think the exchange is fake, go check it there. If you still think the exchange is fake, then I can only suggest you switch tracks; this path isn't suitable for your trading.

Mia: Many people might think that since you've already earned so much money, why are you still willing to come out and share?

Yuyu: I think this is a common misconception that most people are in. Many people will tell others, "If you have money, you should do this: you should buy a luxury car, you should buy a house, you should buy a designer watch, you should buy all kinds of luxury goods." But I want to say, these things have evolved from the mainstream society's perspective, they are some of the things you can hear and see, but they do not represent that everyone should do this. At least not me, so I choose to share, to do these things. Because I feel that they can better fill the emptiness in my heart. I feel like I have found something I love and find meaningful—this is the meaning of my social media sharing.

Because I have always thought, just like everyone is entering the market at this "most difficult" stage right now, even though opportunities are becoming scarcer, the risk is actually decreasing—it will no longer be like the previous bull market. Because a bull market is often accompanied by a bear market, and few people can hold onto the fruits of victory in a bull market, I myself experienced too many setbacks and failures in the years 2018 and 2019. Looking back now, I feel that if I can share my trading system with everyone, so that they can take a shorter path, it can also be considered as a feedback to myself from many years ago.

In such a difficult market environment now, although everyone says "it is difficult," there are still people making money. However, these few "gods" are not the overnight millionaires we imagine, nor are they obtained by luck. Their real secret is eight years of consistent perseverance and focus—whether it is towards their trading system, the track they have chosen, or even towards the role model they admire—they always maintain a high level of focus.

A Trader's Daily Life: Only Trading is Exciting Enough, Everything Else Becomes Boring

Mia: How long do you stare at the charts every day to develop such a sense of the market?

Yuyu: Actually, this process is very long. In my first five or six years, even until now, even though I have made money and achieved some results, I still have the habit of staring at the charts for long hours every day. As long as I sit in front of the computer, during trading hours, I hardly do anything else. Especially in the early days, there was almost no social interaction, and I almost put all my interests and energy into trading. I can say that, except for eating and sleeping, all my time is spent on watching and reviewing the charts.

Perhaps it is because of these years of high-intensity chart watching that the market sense has gradually developed. Of course, I think this market sense is indeed a bit mystical. From my personal experience, part of it can be trained, but I also believe that part of it indeed comes from talent. Because I can clearly feel that, especially in recent years, in terms of market sense, I am more sensitive than many others. Watching the charts for over ten hours a day may sound a bit exaggerated, but it is definitely more than the normal working hours, like the usual eight hours, it is definitely more than that.

I don't think this can be considered "self-discipline" anymore. It's more like a habit that has developed over the long term. I have completely adapted to this lifestyle rhythm. Every morning, after waking up and getting ready, my first task is to sit in front of the computer and check the market. Every day, I go through the entire cryptocurrency market's performance ranking, including mainstream coins and the altcoins I've previously kept an eye on. From large timeframes to small timeframes, such as daily, 4-hour, 1-hour, 15-minute charts, I review them all. I then filter out the coins I believe still have trading value for today or the coming days and add them to my watchlist. Once the coin selection is done, my morning preparation is complete.

Next, I engage in some personal activities. Since I don't have many other interests or hobbies, I usually watch game streams or play games with friends. Of course, during this process, I usually operate with dual screens, gaming on one side and continuing to monitor the market on the other. When a trading opportunity arises, I immediately pause the game and switch to trading.

Mia: So your daytime life is mainly about monitoring the market, playing games with friends, and you don't have other hobbies?

Yu Yu: I don't have any particular hobbies because I've been trading and involved in contracts for so many years. This process elevates your "threshold" too high—under such high-stimulation circumstances, it's hard to become interested in other things and many activities seem rather dull. I genuinely enjoy the feeling that trading brings.

Mia: Especially for contract traders, since they have to endure significant volatility, they often can't sleep soundly at night. Is that the case for you too?

Yu Yu: Since I began live trading, my sleep quality has actually been quite good over this past year. As long as there isn't a major market swing, I can almost always get a full night's sleep and rarely wake up in the middle of the night to check my phone for market updates. However, with the recent market movements and healthier routines, I might check my phone while getting up to use the bathroom at midnight. The current market has fully adopted the characteristics of the U.S. stock market, with most significant fluctuations occurring late at night, which is very unfriendly to the rest time of us Asians. Personally, in recent years, besides trading, I really haven't had any other interests or hobbies. I'm inherently someone with low material desires, not fond of luxury cars, watches, or any luxury items. So, I believe finding something you genuinely enjoy doing to fill the void in your spirit is already very good.

Mia: Do you really enjoy the feeling of trading, this "solitary ecstasy"?

Solitude in Trading: I didn't deliberately set out to experience "loneliness," but during trading, that state itself makes me feel very comfortable and happy. For example, the fluctuation of candlestick patterns, your emotions will fluctuate with it. But if I'm not trading, there are really too few things that can cause emotional fluctuations for me now. During the trading process, I can clearly feel that I still have a strong driving force, a very strong feeling of "still on the road," which is very intense and also makes me firmly continue.

Leader-Following Plan: Fully devote to leading others, give back to those who believe in and support me

Mia: After achieving such a large capital volume, do you have a new plan in terms of trading?

Solitude in Trading: Because I have always been a very competitive and ambitious person. In everything I do, I want to do my best. Although I have now grown from fifty thousand to one billion, I may not yet be considered top-tier, but I believe I am no worse than others. For me, the goal of this stage has been achieved, and the focus will now shift to leading others. Since I started sharing my live trading data, many brothers have seen my performance and are more willing to believe in and support me. It has been almost three months now, with so many people paying attention and supporting me, I am very grateful. Therefore, I hope to give back to my brothers who have always supported me through leadership. Whether it is helping them make money or teaching them something in the process, it is very meaningful to me.

So I will take "leader-following" as the core goal of the next stage. Not only do I want to excel in live trading performance, but I also want to excel in leading others. As you said, wanting to lead well is most tangibly shown in your record, being able to actually help those who believe in you make money. The most impressive thing is not making money for yourself, but being able to help others make money together. I also believe this to be true. And over the years, I have always been very confident in myself, whether in trading or other aspects, I believe I can do my best. So this time, in leading others, I will also fully commit myself and strive to do my best.

Mia: Apart from helping others make money and sharing experiences, do you have any new arrangements in terms of asset management for yourself?

Solitude in Trading: I have always had a spot account, although the amount is not large, I have held positions for a long time. I will also periodically add to the position. Because I feel that I have earned this money through the crypto market, so I hope to continue using this long-term accumulation method to maintain my initial belief in this market. Even if Bitcoin rises to 200,000 or 300,000 in the future, my spot account will not move, I will continue to hold long term. As for futures, if the market suddenly plummets one day, or it is confirmed to enter a bear market, I may carry out some hedging operations, but I will not sell. As for other asset allocations, I may consider allocating a bit to US stocks or financial products, but the proportion will not be too high. I still want to maintain my focus on the crypto market and my continued dedication to this trading journey.

5. Market Outlook

Market Trend Analysis: Bitcoin's significant pullback may only occur once the Fed confirms rate cuts

Mia: Do you think the current trend has been established? How do you view the future development of the entire market?

Yu Yu: Yes, the trend has definitely been established. Ever since Bitcoin broke its all-time high, this trend has been set in stone. What you need to do is believe in it; it can take you to a higher level. In fact, from that point on, overseas institutions have been consistently accumulating. I personally believe that the key to the entire market lies in the fact that the buying power of spot markets is exceptionally strong. So when you ask how high Bitcoin can rise, I can only say that a true turning point may only occur once the Fed confirms rate cuts. Before that, as long as it doesn't effectively drop below the new high of $110,000, I won't believe that Bitcoin's trend has ended. Instead, I will choose to continue adding to my position with each pullback.

Mia: Do you think the altcoin opportunity has arrived as anticipated?

Yu Yu: Since Bitcoin broke its new high, I've always believed in a rotation, which is actually currently underway. However, to expect a market rally similar to the last bull run, I think that's impossible. The logic of this round is that if a single cryptocurrency can achieve a doubling in value, that's already quite good. So my strategy is to seize this potential altcoin rotation phase as much as possible and then sell before the Fed officially cuts rates. This should be the best trading approach for most people. Absolutely do not engage in frequent trading, back and forth, attempting to scalp; that kind of approach is not sustainable.

Mia: How will you personally operate in the future market?

Yu Yu: If Bitcoin continues to pull back, I will choose to add to my position in the lower range. My accumulation range is set between the all-time high and $115,000; I will place staggered orders to accumulate within this range. If it really experiences a deep correction and drops to the $110,000 level, at that point, my overall position may increase by about three times. But if Bitcoin indeed falls below $110,000, then I will need to reconsider whether the entire trend has deteriorated. Because in that scenario, the market may return to a very difficult-to-operate, narrow-range oscillation like last year. The strategy would need to adjust accordingly, focusing on range trading rather than discussing any larger picture. It would be about making a little profit and exiting on gains; there's no more hodling.

Advice for Newcomers: Making money is not easy; maintain reverence for the market

Mia: If someone wants to become the next you, what do you think they should do?

Yu Yu: Because the secondary market, especially the derivatives market itself, is a very tough road. It can really be said to be "achieving success through ten thousand failures." For one person to succeed, behind them, there may be countless others who have lost everything. I think most people on this path do not necessarily possess the required talent and will find it very difficult to truly reach the end. Therefore, the most important point is to recognize oneself and find the path that best suits oneself. This path doesn't have to be specifically contract trading.

As for other traders, I haven't interacted with them much. It wasn't until recently when I started sharing that I gradually got to know some peers who have achieved good real trading results. Prior to this, I was almost entirely walking this path alone. So I want to say, if you want to go further on this trading path, the key points are: believe in yourself, keep learning, and stay focused. If you are not focused enough, not passionate enough, then after experiencing many setbacks and frustrations, you may find it very difficult to persevere.

The reason I was able to stick with it is also related to the stage I was in at the time. I was young back then and could take higher risks. Even if at the age of 23 or 25 I had debts, I still believed that there would be enough time and opportunities in the future to make up for it. But for many others, it's different. They have already started a family, possibly relying on a fixed salary every month to live, but they want to earn extra income through trading or improve their lives. In situations like this, trying to trade will indeed be very difficult. Because not only do you have to face the market's risks, but also bear immense psychological and life pressures. With elderly parents to look after and young children to raise, you simply cannot fully immerse yourself in trading. This also made me realize that a key factor in my being able to get to where I am today is that I entered this industry at the right time and could devote myself wholeheartedly. If I had already been married with children early on, facing the responsibilities of a family and children, perhaps I wouldn't have had the energy to focus on trading as I do now.

Mia: Is it eight years of unwavering focus that has made you who you are today?

Yu Yu: Many people only started paying attention to me when they saw me turn 50,000 into a billion in actual trading, wondering if I was some kind of "once-in-a-lifetime genius." Looking solely at the results, the scale of funds I have currently achieved might indeed be considered genius, but I never think of myself as a genius. Because no one will know about the efforts I put in behind the scenes; no one knows how much I have sacrificed to get to where I am today. So I think everyone should focus on their own field, enjoy their passion for trading, so as to minimize anxiety as much as possible. I want to tell everyone that I didn't make a billion just overnight in the past two years. Before reaching this goal, I put in a lot of effort and went through a lot. In reality, this path is not as easy as we imagine.

Mia's Final Words:

Over the past eight years, it has been a journey of resilience, turning the tables three times after hitting rock bottom. It's the discipline of "not adding to losing positions" in the face of human greed, and more importantly, it's about refining passion into a systematic practice.

Trading doesn't involve miracles, only gradual accumulation: find your expertise → immerse yourself in learning → validate through real-world trading → painfully review your trades → iterate and evolve.

"I've never believed I was naturally gifted; I'm just willing to pay the ultimate price for my passion."

He has shed the 'genius' label, telling us that his story is not a myth, but rather the path of an ordinary person relentlessly striving for success.

May his experience help you avoid unnecessary detours. You, behind the screen, will eventually become the person you aspire to be in your field.

Disclaimer

This content is for reference only, representing the author's views, not those of OKX. This content is not intended to provide (i) investment advice or recommendations; (ii) an offer or solicitation of an offer to buy, sell, or hold digital assets; or (iii) financial, accounting, legal, or tax advice. We do not guarantee the accuracy, completeness, or usefulness of such information. Holding digital assets (including stablecoins and NFTs) involves high risk and may experience significant price volatility. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial circumstances. For your specific situation, please consult with your legal/tax/investment professional. You are solely responsible for understanding and complying with relevant local laws and regulations.

This article is a contribution and does not represent the views of BlockBeats

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