1 year 9 months 50,000 → 100 million: The Naked K Sniping Technique of Yu Yu and the Rebirth After Three Liquidations

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

Starting with a university living expense of 20,000, after experiencing three liquidations to zero, he borrowed 50,000 to restart his journey;

At 24, he followed his father's advice to use part of his profits to buy a house, avoiding wealth evaporation, practicing "profits must be solidified";

With the discipline of "never adding positions on floating losses," he earned millions in the ORD battle;

He always "only trades in the secondary market," refusing on-chain and spot temptations, focusing on his circle of competence.

This issue sets a record for the longest interview in the "Dialogue" series with over 30 episodes—we preserved his complete 8-year trajectory: how family intervention saved wealth, rebounding after three zeroes, details of the Naked K leading system, and the low moments after liquidation.

This dialogue contains no myths of sudden wealth, only the survival creed forged through 8 years of blood and tears.

Here is the fourth in-depth interview of OKX's "Dialogue with Traders." I am Mia, focused on exploring the mental journey and practical logic of top traders. Welcome to follow!

Guest Personal Background

• Yu Yu (1997, 27 years old)

• University Major: Computer Science

• Work History: Briefly engaged in design work, but chose to fully commit to crypto trading after making profits.

• Crypto Enlightenment: In 2017, he accidentally came across Litecoin through a photography group and self-studied to enter the field.

• Coin/ Binance Real Trading: "1 year 9 months 50,000 - 100 million - 2000 times"

I. Personal Experience - The Journey So Far

[01 From 0 to First Bucket of Gold: Learning, Accumulating, and Breaking Through (2017–2020)]

Mia: How did you get into cryptocurrency?

Yu Yu: I got into crypto in 2017, and it was completely by chance. At that time, I was quite fond of photography and joined a photography hobby group. One day, I saw someone in the group talking about Litecoin, and I became curious, so I started searching on Baidu and Google to learn about cryptocurrency. The more I learned, the more I felt that this was suitable for me and might be the best financial asset for the future. I spent a few days learning from various websites and videos, gradually deepening my understanding of the field and solidifying my confidence in Bitcoin's future. At the beginning of 2017, I happened to catch the second wave of the cryptocurrency bull market, and the entire market was very hot, with many social platforms and group chats buzzing about it.

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

Yu Yu: At first, I really didn’t understand trading at all and hadn’t dealt with stock-like assets. I initially just played with spot trading but kept losing money. I felt that this approach wouldn’t work, so I decided to systematically learn technical analysis and trading skills. I bought a few books, the first being "Reminiscences of a Stock Operator," which has accompanied me throughout my eight years of trading. I’ve read it at least ten times, and each time I read it, I gain new insights. Initially, I read it like a novel and didn’t fully understand it, but as I accumulated practical experience, the content became increasingly helpful. I also read "Technical Analysis of the Futures Markets," which covered Dow Theory, moving averages, waves, and various technical indicators. I learned basic candlestick patterns like head and shoulders, double bottoms, and double tops.

Although I also looked at "Japanese Candlestick Charting Techniques," I felt it wasn’t very applicable to the cryptocurrency market. After reviewing Bitcoin's historical candlesticks, I found that classic patterns didn’t match well, so I didn’t delve deeper.

Mia: If you had to summarize the three key takeaways from your first trading book, what would you share?

Yu Yu:

If I were to express it through "Reminiscences of a Stock Operator," I would say that most of my trading principles now are almost inherited from the content of this book. It has had a significant impact on me. There are a few phrases that everyone might be familiar with, such as:

The first, "The market always moves in the direction of least resistance."

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

The third, which is also crucial, is "Never trade against the trend." The fundamental reason many people lose money lies here: they always want to do both long and short, trying to profit from both sides. But the result is often that they get hit from both ends.

Most of the time, you only need to choose the right direction. For example, if the market is doing well, just go long with the trend. Buy on dips, and don’t try to short at the top. Because now that Bitcoin has broken through historical highs, no one knows where the top is. If you try to guess, it’s essentially just random guessing. The only possibly effective resistance level might be at whole numbers, or if it really forms a top pattern, then you can judge whether the trend has reversed and short it, which would be more prudent. But if you go against the trend midway, you’ll basically just keep getting hit and losing money.

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

Yu Yu: At first, I did look at other people's content. I’ve written about my learning experience when I first entered the market, and I once posted an article on Twitter mentioning an ancient KOL I first followed—"Chessboard." His previous Weibo name was "Litecoin." When I first came across him, I was almost "crazy," constantly reading his opinions and joining his community for a while.

However, in recent years, I haven’t joined any new KOL communities. The only group I’m still in is one I joined in 2018, created by an ancient KOL. Although the group owner is long gone, there are still over a hundred brothers who have persisted in keeping the group, and it has remained to this day. We occasionally meet offline, which I think is great, turning online friends into offline friends.

But I also realized that if the sources of information are too mixed, like if you follow too many KOLs and read many scattered articles, it can actually create a lot of noise. The more chaotic the information, the greater the interference with trading. This can hinder you from forming clear trading judgments. You might be in the process of building your trading system, but because you receive too much distracting information, you become hesitant and afraid to execute firmly. For example, if you are holding a position and suddenly see a KOL expressing an opposing view, you might waver and start to doubt whether you are wrong. So I believe that in this market, the only thing you can trust is yourself.

To be honest, after all these years, the number of people who can truly make money is very few. This actually reflects the current reality of the entire market. If "80-20" is considered optimistic, then I think "90-10" is more realistic. Most people are losing money. Even if someone has been in the market for seven or eight years, it doesn’t mean their trading ability is strong. Everyone's growth rate and learning ability are different. Some people may quickly improve their skills through summarizing past mistakes and intensive learning; however, many others fall into path dependence—they initially made money using a certain method and continue to use that same method. But we are already in 2025, and even Bitcoin has been included in ETFs. If you are still using the old methods from a few years ago to trade, it definitely won’t work. Many people fail to make money because their thinking hasn’t kept up with the times. Trading is the same; if the market suddenly turns, you must quickly adjust your strategy. For example, in an upward trend, if there’s a sudden pullback that breaks the previous high, and you are still stubbornly holding or adding positions, then losing money is inevitable. Therefore, the most important thing in trading is to respond promptly and adjust flexibly.

[02 The Most Difficult Low Point: Capital Zeroing and Borrowing to Survive (2018–2019)]

Mia: How long after getting into web3 did you earn your first bucket of gold?

Yu Yu: At first, I was probably like everyone else who just entered the trading market, learning and watching various indicators, then trying to match them with the market, touching and learning.

But in the first two years, I hardly made much money. Not only was the market volatile, but my account balance was also fluctuating. I would earn some money and then lose it back, over and over again. This continued for nearly two years.

At that time, I was too embarrassed to ask my family for help, so I chose to bear it myself. Eventually, after losing most of the borrowed money, my mindset was on the verge of collapse. I felt that if I lost two more times during that phase, my mentality would really break down.

Initially, like many newcomers, I tried various indicators while learning and practicing, but in the first two years, I hardly made any significant profits, and my account balance kept fluctuating, earning a little and losing a little, repeating this for nearly two years.

Mia: Fortunately, you’ve made it through now. How did you operate during that time?

Yu Yu: Because that was in 2018 when I just started getting into contracts, I didn’t understand the entire contract market at that time. Just like many brothers who are now entering this circle, I didn’t have much respect for leverage. I would uncontrollably open high leverage positions, whether it was ten times, twenty times, or even more extreme cases of fifty or a hundred times.

At that time, the highest I opened was probably ten to twenty times. But I really had no respect for the market at all. I kept thinking about going all in, wanting to double my funds quickly. Because at that time, there were people making money in the market, and everyone had gone through that phase. When you see others making money, you feel very anxious.

You start to wonder why others can do it, but you can’t.

But in reality, once you take that step, you find that you really can’t.

[03 Key Turning Point: Moment of Enlightenment and Wealth Explosion in the Bull Market (2020–2021)]

Mia: When did you suddenly feel like you had "figured it out" in trading, and when did you have a real breakthrough?

Yu Yu: When I first got into trading, I didn’t really understand concepts like rolling positions; I was basically just playing with some small altcoins. The first time I made hundreds of thousands was through Sun Ge's projects TRON and BTT tokens, but I ended up losing most of it.

Speaking of "figuring it out," it does happen—there’s a moment when you suddenly feel you can break through all previous trading bottlenecks, and trading starts to become smoother, like a fish in water. Or it’s similar to that moment of enlightenment in martial arts novels, where a master suddenly realizes something and crosses a threshold in an instant.

The "312" event, which struck fear into many, was actually my turning point. At that time, Bitcoin dropped from over 10,000 to a low of 3,791. I started trying to participate when it was around 6,500. Due to leverage, when the BTC price continued to drop to over 4,000, my account assets significantly shrank. I kept reducing my positions to control risk, and the liquidation price dropped below 3,000. Fortunately, the exchange cut the network cable at that time, preventing panic from spreading.

The moment that made me "figure it out" was during the bull market phase after "312." I had been hovering around the 1 million mark for a long time, psychologically fixated on breaking through that whole number. One day, while watching the market, I suddenly had a very strong intuition about a coin: "This is it; it will keep rising." Although I can’t recall which coin it was now, that feeling was very clear at the time. After that, the market stabilized and entered the super bull market of 2021, and I finally earned my "first bucket of gold."

I was also using relatively high leverage at that time, about 5 to 10 times. After breaking through, I kept adding positions and rolling over, growing from less than 1 million to three or four million. That wave was almost the true starting point of my success. Following that, I continued to roll over throughout the entire bull market, ultimately reaching nearly 20 million.

[04 Painful Review: The Inflation and Collapse After Getting Rich]

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

Yu Yu: I always felt that without my parents, I might not have saved a single penny from that wave of getting rich. Suddenly earning tens of millions in my early twenties can create an illusion of "I am a genius." At that time, I was extremely inflated inside; although I appeared very restrained on the surface, I genuinely felt that I could easily earn 50 million or even 100 million in the future.

I didn’t boast about this to my friends, but I did talk to my parents about it. For a child, parental recognition is the most important. My dad initially even thought I was doing something illegal and repeatedly confirmed whether it was legal. After confirming it was legal, his first words were, "Hurry up and withdraw to buy a house and a car." But I couldn’t take it in at all, and later I didn’t even answer his calls.

In the end, it was my mom who persuaded me. She has always been gentle and unconditionally supportive of me, saying, "Your dad is doing this for your own good; just listen to him this once." I finally compromised and happened to cash out half of my funds at the peak of the bull market to buy a car and a house. The remaining over 10 million was completely lost within six months.

Looking back, if it weren’t for that house and that car, I might never have been able to stand up again. It was these real estate assets that supported me and gave me the confidence to start over—knowing that even if my account went to zero, I still had something left.

On the path of trading, personality determines the ceiling. Some people become conservative after getting rich, only thinking about preserving their wealth. But I am not like that. I have always been running on the path of realizing wealth through understanding, even if I stumble along the way, I know I must keep moving forward. Fortunately, my upbringing gave me this indomitable spirit.

II. Becoming Famous in One Battle — How Did the "New Trading God" Achieve Over 100 Million in Assets from 50,000 in 1 Year and 9 Months?

[01 From 1 Million to 10 Million: All Thanks to Ordi, Revealing the Trading Techniques]

Mia: What was the key point and operation that helped you grow from 1 million to 10 million?

Yu Yu: Besides the 500,000, the most critical phase was through the coin Ordi, which helped me grow my funds from 1 million to 10 million. However, upon reaching the 10 million mark, I experienced a prolonged stagnation period. My assets fluctuated within a range, much like the market's volatile conditions, and I struggled to break through. I hovered around that point for several months, and during that time, I was very eager to break through the 10 million bottleneck, but the market conditions were not ideal. No matter how I traded or monitored the market, a breakthrough seemed hopeless.

I kept reflecting: Where was the problem? Was the market unsuitable for me? Or was it my mindset? Eventually, I realized it was a mindset issue. My eagerness to break through the 10 million mark created a lot of pressure in my mind, which became an obstacle. Later, I concluded that my mindset must be calm; I shouldn’t be impatient and should patiently wait for the right market conditions. Only by achieving a natural flow can I realize a true breakthrough.

Ordi was a coin I was very optimistic about when inscriptions and BRC-20 first appeared. It initially launched on a small exchange. Over the years, besides OKX and Binance, I hardly used any other small exchanges because fund security is crucial for me. It wasn’t until Ordi came out, and other platforms hadn’t launched it yet, that I started using this exchange. Initially, I transferred a small amount of funds, about 300,000, buying near the peak at around 30 dollars. Afterward, I experienced a long period of decline. When the price was around 20 dollars, I felt the trend was unusual, so I cut my losses and exited, losing over 100,000. Because I was trading with leveraged contracts, the losses were relatively large, and afterward, I withdrew all my funds.

Later, when Ordi was listed on OKX, it went through several months of consolidation, and then the wave of inscriptions surged, with the price rising from 3 dollars to 100 dollars. However, I didn’t participate in the initial tenfold increase from 3 to 30 dollars. My trading habit is not very good at catching the starting points, so I missed that profit. When the price rose to 30 dollars, I judged that the trend was far from over. At that time, the external environment and market trend were both good, right in the midst of a small bull market, so I started building a base during the consolidation at 30 dollars, with leverage as high as 2 to 3 times. Each time there was a breakthrough, I continued to add positions, ultimately reaching over ten times leverage. This was because I had a sufficiently safe profit cushion. For example, I built my position at 30 dollars, and when the price broke through 33 dollars, I added to my position, bringing my average price to about 31.5 dollars; then I added again when it rose to 37 dollars. Although the leverage was high, the overall opening cost remained at a relatively safe level. I can’t recall the specific prices and K-lines now; I would need to be in front of a computer to explain in detail. However, I can later provide more details on how I rolled my funds from hundreds of thousands to 10 million through continuous rolling operations.

Mia: At that time, you were adding positions on floating profits. What ratio do you generally set for adding positions?

Yu Yu: It was almost a one-to-one ratio for adding positions. For example, I initially used two times leverage; when the market broke through, I would add another two times leverage. By the later stages, when encountering a significant resistance level, my leverage had already equated to four times my initial capital. The next time there was a breakthrough, I would add four times leverage again. It was a continuous rolling operation.

I remember that wave of the market rose from over 30 dollars to over 50, even reaching 60 dollars, during which I made several million. After that, the price entered a consolidation phase starting from 60 dollars. This consolidation phase actually suited my trading style, and I kept buying high and selling low during the fluctuations, earning some additional funds. Subsequently, the price rose from 60 dollars to over 90 dollars, during which I also made a bit, but the extent wasn’t large. After that, the price started to decline from 90 dollars, and my 10 million assets began to stagnate from that drop. The first wave of the 10 million retracement occurred with Ordi. Because it continued to decline, I ultimately chose to cut my losses and exit. Later, I found that its trend had changed, and continuing to trade short-term fluctuations was no longer profitable. So, I withdrew all my funds from Ordi and began trading other mainstream coins, such as Bitcoin and Ethereum.

Mia: How did you manage your positions while trading Ordi? For example, what percentage would your base position occupy in your overall position? And how did you determine the ratio for adding positions?

Yu Yu: As I mentioned earlier, I had judged in advance that the overall market trend had not yet ended, and the market was still ongoing. Especially in the early stages, it had already experienced a significant increase. I think this point is crucial; even now, I still operate this way in my trading—when a certain wave of the market or a particular coin experiences a significant rise or fall, once it enters a horizontal consolidation adjustment phase at the bottom, this is a very safe range for me.

I usually choose to use very high leverage to engage in short-term speculation within this range, capturing its oversold rebounds. Taking Ordi as an example, it rose from 3 dollars to 30 dollars, which is already a tenfold increase. For many people, this rise is already substantial, but I believed that market sentiment was still very hot, the entire inscription series was far from over, and various new coins were emerging. So, I judged that this wave was just beginning. Therefore, I would directly engage in high-leverage operations during this phase. For instance, I would build my base position at around two times leverage, and subsequent additions would almost always be at a one-to-one ratio—this is what I mentioned earlier about adding positions on floating profits.

Mia: During the particularly hot period of inscriptions, I remember many other coins also emerged. Did you consider trading projects other than Ordi?

Yu Yu: No. Besides Ordi, I basically didn’t engage with any others. The only one I traded was it. I always focused on the leading coins; at that time, I determined that Ordi was the leader of the entire inscription series. Since it was the leader, I wouldn’t touch those "younger coins," like "Little Dragon," "Dragon Two," or "Dragon Three." I only traded the strongest.

[02 Over 100 Million Profit: Bouncing Back from Three Liquidations with a Loan of 50,000, Trading BTC and ETH]

Mia: You turned 50,000 into 1 billion in 1 year and 9 months. Did you withdraw all the money and then try to operate with the 50,000?

Yu Yu: No. After the liquidation in 2021, I was almost at zero, without even the principal. Since the property hadn’t been officially transferred, selling the house for collateral wasn’t realistic. I ultimately borrowed a few thousand and started trading again at the end of 2021. During this period, I made several million in profits with this fund, but ultimately couldn’t hold onto it. I went through repeated cycles of profit and loss. Until mid-2023, I used about 1 million in my account to add positions in a trade. Initially, I was right about the direction, but due to greed and adding leverage, I ultimately failed to catch the high, losing 70-80% of the market value within a few days. When I was liquidated, my mindset completely collapsed, leading to a "break the jar and smash it" mentality, resulting in total loss. After adjusting for a few months, in October 2023, I borrowed 50,000 for one last attempt. This time, I didn’t withdraw frequently; I started operating more cautiously, investing in mainstream coins and some altcoins on OKX, reaching a peak of 500,000. In the past, I had been recording my trades in real-time, experiencing about three to five liquidations from bull to bear markets. Upon reflection, I realized that the key to liquidation wasn’t the technique but the collapse of my mindset. This time, I learned all the lessons and began to truly value position management and risk control. All my data is publicly transparent, and everyone can see the entire process of how I grew from hundreds of thousands to 1 billion, which has earned me a lot of trust and support.

Mia: After three liquidations, did you reflect on your experiences? What changes did you make in your trading afterward?

Yu Yu: After each liquidation, I conducted a serious review. The first time was in 2021 when I had over 10 million in the market but lost it all due to blind optimism and excessive confidence. I firmly believed that Bitcoin would rise to 100,000 and thought I could use that money to earn 50 million, but I completely failed to notice the market reversal, which was a youthful arrogance. The second liquidation was quite similar to the first; again, it was due to excessive confidence. After continuously chasing highs, I felt my judgment was very accurate, but it ended in failure again. The third time was when I chased high on altcoins and was severely cut by a "head-cutting knife." At that time, I didn’t cut my losses in time, hoping for a rebound, but it only resulted in a brief weak rebound followed by a steep decline, ultimately breaking my psychological defenses. These reviews made me realize that the fundamental reason for liquidation wasn’t the market but my arrogance and emotions. Later, I changed my strategy; whenever I had the thought that "the market will definitely move as I expect," I would force myself to calm down and avoid opening high leverage under such emotions. I summarized an experience: don’t use too high leverage on a single coin. Under high leverage, if the market fluctuates slightly, like a 3% or 5% drop, it could lead to severe damage. You could get stuck, missing opportunities to adjust and transfer funds, watching the market present other profitable opportunities while being powerless.

Mia: How did you achieve the growth from 10 million to 1 billion?

Yu Yu: The growth from 10 million to 1 billion was actually as I mentioned before; I didn’t achieve any single trade that generated excess returns through heavy positions. As I often say, "profits and losses come from the same source"—if I start with 10 million and aim to earn 50 million from a single trade, the probability of loss will definitely far exceed the probability of profit. Therefore, the process of growing from 10 million to 50 million was mainly completed through continuously trading Ethereum and Bitcoin in waves.

It's almost the same method as trading Ordi. I will determine a certain range as a consolidation zone and then use three times leverage to trade Bitcoin or Ethereum in waves, buying high and selling low, operating back and forth. For example, if I open a position of several tens of millions, I can easily open and close positions in these two markets without any slippage; the liquidity is very good. This is also why I choose to continue using this model for wave trading.

III. Trading Philosophy and Practical Methods — The Strong Stay Strong, Only Trade Leaders

[01 How to Choose Targets & Tracks: Only Trade Leaders and the Hottest Tracks]

Mia: How do you usually select coins?

Yu Yu: From the beginning until now, I have firmly adhered to one logic: I only buy leaders and only trade leaders. I will filter those strong coins that I believe still have potential from the cryptocurrency market's gainers list, even those that have already risen in the first wave and are currently in the second wave of consolidation. This is the stage I choose to enter. Because in this market, I have a very clear judgment — strong is strong, and weak is weak. Strong coins usually continue to be strong, while weak coins really struggle to rise.

Many people like to wait until strong coins have risen significantly before they ambush some weak coins that haven't risen yet, thinking that the low positions might rotate and rise. This strategy may be effective during a bull market where everything rises, but it is very dangerous in a structural market. On one hand, it occupies your funds; on the other hand, when you see the coins others bought are rising while yours remain stagnant, you will feel anxious and may frequently switch positions. The result is: when it should rise, you didn’t enter, and then when it’s their turn to rise, you missed out because you jumped ship midway. So, in the end, you didn’t make much money. Then, seeing others making profits, you will feel very anxious. Therefore, I only trade the strongest coins.

I used to trade targets other than BTC and ETH, but now that my capital has reached a certain scale, I no longer do that. Because small coins lack depth, opening/closing positions with large capital will cause price fluctuations in the entire coin, so I can only trade large coins. Although I made money through mainstream coins and altcoins in 2021, everyone can clearly feel how difficult this round of market is; it will not replicate the all-coin bull market like in 2021. The more it is like this, the more important it is to select coins and manage positions. BTC has risen nearly five times from 25,000 USDT to now, but ETH hasn’t even reached half of its rise. This round of the bull market does not have the altcoin season that everyone thinks.

Mia: You just mentioned that you select some coins every day, including altcoins besides mainstream coins. What is your logic for filtering coins?

Yu Yu: I only trade leading coins. Many people may have heard of this "leading" strategy, and I firmly execute this strategy. The entire cryptocurrency market can actually be divided into many sub-tracks, and each coin has its own positioning and story behind it, such as what specific track it operates in and what problems it solves, etc. I prioritize selecting leading coins within these tracks. Once I find that a leading coin has a sustained rise and a strong trend, and its movement aligns with my trading system, I will focus on it and look for suitable trading opportunities to enter.

Mia: Which track do you pay more attention to?

Yu Yu: When my capital was not large enough, I mainly focused on event-driven directions, 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 the process of my real trading capital growing from 1 million to 5 million, I actually earned excess profits almost solely through Ordi. Just from Ordi alone, I made nearly 10 million, completing the leap from 1 million to 10 million in capital.

Mia: The secondary market is indeed getting more difficult. Have you considered switching to on-chain tracks?

Yu Yu: Since I first entered the market, I have always focused on the secondary market. Whether it was the booming ICOs in 2017 or other projects, I have never participated in any public offerings or invested in any projects. I haven’t researched arbitrage or other subfields on-chain either. Because I have always believed that as long as I focus on doing my trading well in the secondary market and achieve my goals, that is enough.

I have also joined some groups and seen friends making money on-chain. But personally, I don’t want to step out of my comfort zone. I have always believed that the secondary market is the field I am most familiar with and focused on. If I were to try other directions, such as on-chain, I would have to relearn and understand everything again, which is both troublesome and energy-consuming for me. The comfort zone is so comfortable; why jump out? Although the secondary market is not perfect, at least I can understand it, and it has already brought me positive feedback. I don’t need to start over in a completely unfamiliar track or blindly chase opportunities. I have always believed that "profits and losses come from the same source" — it has been like this since I started trading contracts. If I make money through contracts, I could also lose money in the same way. The same goes for on-chain. If I take a very small amount of capital to "mine," and if I really hit a hundredfold or thousandfold, I might develop a path dependency, always thinking about whether I can find a few more "gold mines" in such a large circle. But I don’t understand the complexity of on-chain, and I estimate it’s not lower than the secondary market. So I think it’s better not to participate for now.

In the past two years, operating in virtual currencies has indeed been very challenging, and most people know this. Meanwhile, I have continuously doubled my capital over these two years, accumulating excess assets. I believe that the secondary market has not encountered significant bottlenecks; it’s just that it is indeed difficult to operate. Because I am a swing trader, mainly doing short-term trades, the volatile market suits me better. I will judge whether the market is in a consolidation zone and then use higher leverage to profit from the fluctuations. Most people may be trading spot, earning one point and losing one point. But if I judge that the market is in a consolidation zone, I will use three times leverage to do short-term trades repeatedly. In this way, as long as the market cooperates, I can achieve good returns.

[02 Risk Control System: Large Capital Should Focus on Mainstream Coins, and Partial Withdrawals Should Be Made After Profits]

Mia: Have you developed a path dependency because of making money on Ordi? For example, trying to replicate a similar trading model and ending up with losses?

Yu Yu: No. Because after I withdrew from Ordi, my asset size was already close to 10 million. At this point, I basically no longer tried to replicate that model through other altcoin contracts. I believe that once you reach this level of capital, if you still trade altcoins, on one hand, the depth is insufficient, and on the other hand, if the position is too large, the holding information is relatively transparent in the exchange and can easily be targeted. Therefore, when your capital reaches a certain scale, you must focus on mainstream coins like Bitcoin, Ethereum, and Solana, which can accommodate large capital and are not easily manipulated. Markets like Bitcoin and Ethereum are not something that a few tens of millions or even hundreds of millions can sway. Trading in such markets is a safe and stable choice.

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

Yu Yu: It’s still the same. Because, as I said earlier, it’s determined by my personality — I am inherently a more aggressive person, bold and with a good mindset. I can bear the profit and loss expectations I set. For example, when I open a position, I will evaluate in advance how much I can earn and how much I can lose, ensuring everything is within a controllable range. Even if there is a significant loss, I have confidence that I can quickly adjust my state and wait for the next suitable opportunity to re-enter.

Over the years of continuous review and refinement, my trading system has become relatively stable. Now, I am just continuously stripping away impurities, making it increasingly approach a sustainable profit model. I have also verified that this model is effective, so the only thing I need to do next is to believe in it and execute it firmly. Truly achieving the unity of knowledge and action is very rare. Once you truly enter the market and establish a position, the situation changes completely. This is why analysts in the market are often not well-received — because no matter how well you articulate it verbally, executing real trades is a completely different world.

Mia: After experiencing so many liquidations, do you still worry about continuing to open such large positions? For example, what if you encounter a black swan event one day?

Yu Yu: Indeed, I previously set a phased goal for myself, such as first reaching 50 million, and now I aim to reach 100 million. Just at this time, the profits from real trading have indeed surpassed 100 million. After completing this phased goal, I will be more inclined to do some "defensive" operations, which means appropriately diversifying my funds and no longer concentrating all my capital in one basket of contracts. Although I have also done asset isolation before, such as withdrawing part of it, the overall cash flow is still relatively sufficient. Real estate is also very stable, so even if I were to lose or clear all the funds in the market now, it wouldn’t have a significant impact on my life. I still have the confidence to continue trading in the market.

Mia: How do you set your take-profit and stop-loss lines?

Yu Yu: In the beginning, I actually had a relatively strict stop-loss standard. For example, if the altcoin I was trading fell more than 15%, meaning my overall assets shrank by 15%, I would decisively stop-loss. But later I found that this method was not applicable to altcoins because their volatility is too large. Following this logic, I ended up constantly stopping losses, and my capital kept decreasing. So, my stop-loss strategy began to become more flexible, more based on the specific market conditions.

Especially now, my entire trading system only looks at naked candlesticks and no longer uses any technical indicators. I personally believe that candlesticks can most intuitively reflect the market's support levels, resistance levels, and trend reversal points. Therefore, my judgments on take-profit and stop-loss are basically based on the support and resistance within the candlestick structure. At first, I was like everyone else, reading many books and studying various technical indicators, such as wave theory, moving average systems, and the theory of market cycles, etc. But later I found that these indicators are basically lagging. When they signal "buy," the market has often already risen for a while, and the trend has formed. If I rely on these signals to operate, I will always lag behind the market. So, I gradually stripped all these technical indicators from my system and focused solely on looking at naked candlesticks — using the most intuitive way to tell me how to operate.

Mia: How do you handle it when you realize your trend judgment was wrong?

Yu Yu: Of course, I can also misjudge. But my trading habit is this: if I judge that a certain coin may show a good upward trend, I usually take a small position during its consolidation phase to test the waters. Because I usually monitor the market for a long time, and I think my market sense is relatively strong. Typically, after entering the first small position, during the subsequent monitoring process, I can sense the market's strength — whether it is a strong consolidation or a weak fluctuation; I can perceive these.

[03 Trading Frequency & Win Rate: Depends on Profit Points, Binding a Rebate Code Can Really Save on Fees]

Mia: What is your trading frequency for swing trading?

Yu Yu: The frequency is actually hard to define clearly. As I mentioned earlier, I choose to do short-term swing trading in the consolidation zone after high volatility. At this time, the frequency of swings actually depends on your profit points. Don’t set a very precise expectation, such as needing to earn one or two points after receiving an order. Instead, you can choose to "run when there’s profit." When your profit can cover the trading fees, you can choose to take profit. Although the fees are relatively high, I still recommend that everyone bind a rebate code, regardless of who you find; it can really save a lot. I didn’t bind a rebate before, so in the two accounts I currently use for real trading, the fees alone have contributed several million.

Mia: How do you control the rhythm of your swing trading? For example, when to be in cash and when to open positions?

Yu Yu: To be honest, I don’t have a fully formed trading system for swing trading; I really rely on market sense. I look at the candlestick chart, support levels, and resistance levels, and then judge through market sense. For example, if I feel the market is strengthening, I buy in or place orders in advance. I think everyone can try placing orders in advance: when the market is relatively calm or enters a consolidation phase after experiencing high volatility, you can find some important support or resistance levels on the chart and place some long or short orders. It’s really easy to get filled. After getting filled, the first target is to "exit the order," and don’t think about making a lot of profit from this order. This point is particularly crucial. I can almost get filled at a decent position every time I place an order, and when I see a profit on the market, I just close it. This is a little trick that I find quite useful from my personal practice.

Mia: What is the win rate for this?

Yu Yu: Very high. Almost every time I place an order this way, as long as I get filled, I will make money. But the premise is that it must be in a consolidation zone. Don’t wait until a major trend to place orders, as it’s easy to be swept away by the market. So you must clearly judge whether the current market is in a consolidation phase. If it really is a consolidation trend, then placing orders will have a very high win rate.

Mia: We just talked about stop-loss. You mentioned that you used to control it quite strictly, for example, stopping loss if an altcoin drops 15%. But later you felt that setting a 15% stop-loss was too large, and you ended up constantly closing positions at a loss. How did you iterate your stop-loss system later?

Yu Yu: My current stop-loss system is designed based on the opening position, generally placing the opening point in front of a position with a clear stop-loss target. My stop-loss logic is actually very simple, as I mentioned, it’s about "heavy support zones." I will choose places with clear stop-loss points to open positions. For example, if Bitcoin’s price is 119,000, then the strongest resistance below it is definitely the previous high. As the price gets closer to that target, it actually becomes safer. At this point, once you get filled, you will have a very clear stop-loss point — as long as it drops back to the previous high, I will stop-loss. This method applies to any coin. As long as it has a very critical support level that has been verified multiple times before, you can use that position as your stop-loss point. When the price effectively breaks below — of course, there’s a distinction between false breaks and effective breaks, which we need to judge ourselves. But I still recommend that everyone stop-loss when it breaks. You can choose to wait for it to rise again before re-entering, but the stop-loss must be decisive and placed at the most important position.

[04 Trend Judgment: Mainly Look at Naked K and Volume-Price, Achieve Unity of Knowledge and Action]

Mia: What kind of trend or structure qualifies as conforming to your trading system?

Yu Yu: My trading system is actually very simple. As I mentioned before, I have always believed in "simplicity is the ultimate sophistication." I have basically stripped away all the flashy technical indicators and completely excluded them from my trading system. What remains is actually something everyone is familiar with and can understand — looking at naked K, such as head and shoulders, wedges, triangles, and upward structures. Up to now, I still mainly refer to these patterns in my trading.

But I believe that compared to most people, my strongest point is my execution ability. Although I can’t say I can achieve 100% unity of knowledge and action, as long as I identify a pattern that conforms to my trading system, I will execute it very strictly and completely believe in it. Because many people can also understand these patterns. For example, when a head and shoulders pattern forms, everyone can see it and knows how to measure the upward potential — calculating a target from the lowest point to the highest point. Many people can even build positions in advance and indeed wait for the breakout, but when the actual upward trend occurs, there might be a small pullback in between that scares them away.

In the end, this pattern indeed plays out, and the trend is correct, but they may not have made any money. The reason is that during the monitoring process, they constantly doubt themselves and are even controlled by human nature — for example, thinking: "Is it going to drop further? Has the pullback ended?" Then, before confirming, they throw away their positions. As a result, when the trend really picks up and the pullback ends, they miss out on the core upward movement. But my execution ability is really very strong.

Mia: But have you ever made mistakes in this situation? Because sometimes even if the pattern has already formed?

Yu Yu: Yes, of course. The type of breakout trading I do, whether it’s a pattern breakout or a range breakout, actually has the potential for failure. For example, it could just be a very simple consolidation range — fluctuating up and down, moving sideways. I generally build a bottom position in the middle of this consolidation range, where the win rate is 50%; it could break upward or break downward, so the risk-reward ratio is basically one to one. But because I tend to be bullish and judge that it will rise, I will first build a bottom position in the middle. Once it breaks out, I will add to my position again, increasing it in a one-to-one ratio. After adding, my overall average price will be raised to near the middle range, and at this point, I will immediately set a breakeven line — not allowing profitable positions to turn into losses.

If it’s a false breakout? This situation is also very common. How do I handle it? If I have a bottom position in front and added to my position during the breakout, then once the price returns to my opening position, I will decisively close at breakeven. This is how I handle false breakouts. But if I didn’t have a bottom position and chased the price after the breakout, then I must keep an eye on the market. At this point, it enters the "market sense" phase, which is a bit mystical, to be honest. When I feel that the trend is still strengthening, I will continue to add to my position; if the trend weakens, I will keep reducing my position.

The whole process involves repeatedly testing positions. For example, if I find it’s a false breakout after adding to my position, I will immediately reduce it; if after a pullback I feel there’s still hope, I will add back in. I keep testing like this until it really breaks out. Although this method may have considerable wear and tear in the early stages, once it truly breaks out successfully, the returns are very substantial. Moreover, during this process, by continuously reducing my position, I can maintain a high level of safety. This means that even if it ultimately breaks downward, I have already reduced most of my position. When it finally confirms the break, I will cut the remaining position, and the overall loss can actually be controlled. But if it breaks out smoothly, then through my repeated testing method, I can not only capture the entire upward wave but also ensure that the final profit is enough to cover all the costs incurred from previous trial and error.

Mia: For example, after it has broken out, how do you judge whether it is strong or weak? Do you use any volume-price analysis methods at this time?

Yu Yu: Yes. I mainly look at naked K and volume-price, focusing on whether there are actual transactions, whether it’s a volume increase or a volume decrease. But this also needs to be combined with the overall market trend for specific judgment. For example, when setting take-profit and stop-loss, the best way is to combine the historical strong resistance and strong support levels in the candlestick chart. How do you judge these positions? It’s actually by looking back at past candlesticks — if a certain price range has been touched multiple times but has never gone up, then it is likely to form a resistance level; similarly, if a range repeatedly fails to drop, it will also form a support level. These positions generally do not appear just once; they are often formed naturally after multiple tests.

Operating near these key levels, whether opening positions or setting stop-losses, will be relatively safer. For me personally, this method has a much higher win rate than using technical indicators like moving averages or Bollinger Bands. Including now, if you look at my real trading records on Binance or the projects I’m currently involved in, you can actually see that my opening position win rate is very high, basically over 60%. This is accumulated through this kind of repeated swing operation and repeated profits, including the trading systems I often use, such as breakout additions and position testing.

This is the method I have summarized over the years that suits me best. Of course, it may not be suitable for everyone. Some people may be more accustomed to using moving averages to determine the timing of opening or reducing positions. Everyone has different methods that suit them; the key is to find a system that works best for you and then continuously deepen, evolve, and learn from it to gradually improve your trading system.

Mia: Do you have any little tips to share regarding volume and price?

Yu Yu: Actually, regarding volume and price, I suggest that everyone read more related books. Reading is truly the simplest, fastest, and most systematic way to acquire knowledge. Whether you are in this market or want to become an excellent secondary market trader, many powerful OGs won’t freely share their core experiences with you. Even if they are willing to share, they won’t teach you how to improve and execute every single point comprehensively. But by reading, you can systematically understand the logic of volume and price, grasp some key methodologies, and then verify and evolve them into a system that suits you in practice.

IV. Trading Life — Material Needs Met, Next is Helping Others Make Money

[01 After Making Money: Not Afraid of Doubts, Want to Share the Trading System with Everyone]

Mia: How has your state changed after making money? Have there been any changes in your trading?

Yu Yu: In this market, I have seen many so-called "geniuses," but most of them are fleeting. At the beginning, you might think that 500,000 or 1 million is already a large asset, but when you truly reach that stage, you will find that your inner greed will constantly erode your mind, telling you: "Not enough, far from enough, you need to earn more, even up to 10 million, 50 million, or 100 million." So at this point, it depends on a person’s character; whether you can suppress the desires in your heart determines how far you can go.

Over the years, the most impressive person to me is just one. When I first entered the circle, we all joined a KOL group. I remember very clearly that he used 50,000 as capital during the bull market in 2017, rolling it through contracts, and eventually turned 50,000 into 20 million. He is the only person I have seen who immediately stopped after making money. He was not driven by greed; he directly withdrew and took all the funds out. Even today, eight years later, I still find him the most impressive. Because during the super trend in 2021, many people also made millions from the trend, but if they continued to stay in the market until 2024 or even 2025, most of them have already lost back most of it, and very few can hold on.

Mia: When you share your story of making 100 million on various platforms, you also faced a lot of doubts. How do you deal with these doubts?

Yu Yu: This situation is quite common. In real trading, people might say it's fake. When I first started sharing on social media, many people indeed questioned me, saying it was fake data, or calling me a "hired gun" for the platform, or saying I was just trying to "create a god." After these discussions arose, since Binance started real trading projects, these doubts have basically disappeared. Because no matter how skilled an individual is, it’s impossible to collude with an exchange to manipulate trading data. Real trading data is completely connected to trading accounts, and all historical profits and losses, trends, and capital curves are recorded clearly, so the doubts are almost zero. With real trading initiated, the results can be verified. My real trading data is right here. If you think the exchange is fake, go check it out; if you think the exchange is also fake, then I can only suggest you switch tracks, as this path is not suitable for you to trade.

Mia: Many people might wonder why, after earning so much money, you are still willing to share?

Yu Yu: I think this is a misconception that most people have. Many people will tell others what to do when they have money: buy luxury cars, buy houses, buy luxury watches, buy all kinds of luxury goods. But I want to say that these things are just evolved from societal norms; they are what you can hear and see, and do not represent what everyone should do. At least I am not, so I share and create this content. Because I feel that it better fills the emptiness in my heart. I believe I have found something I love and that is meaningful — this is the significance of my social media sharing.

I have always thought that, like everyone entering the market at this "highest difficulty" stage now, although opportunities are becoming fewer, the risks are actually decreasing — it won’t be like the previous bull markets anymore. Because bull markets are often accompanied by bear markets, and very few people can hold onto the fruits of victory during a bull market. I myself experienced too many setbacks and failures in 2018 and 2019. Looking back now, I feel that if I can share my trading system with everyone, helping them avoid some detours, that would be a way to give back to my past self.

In this difficult market environment, although everyone says "it’s hard," there are still people making money. However, these rare "gods" are not the kind of overnight riches we imagine, nor are they obtained through luck. Their real secret is eight years of unwavering persistence and focus — whether it’s on their trading system, the track they choose, or the role models they respect — they maintain a very high level of focus.

[02 Trader's Daily Life: Only Trading is Exciting, Everything Else Becomes Boring]

Mia: How long do you watch the market every day to train such market sense?

Yu Yu: Actually, this process is very long. For the first five or six years, even until now, even after making money and achieving some results, I still maintain the habit of watching the market for long hours every day. As long as I sit in front of the computer during trading hours, I almost never get distracted by other things. In the early days, I had no social life at all, almost putting all my interests and energy into trading. You could say that aside from eating and sleeping, all my time was spent watching the market and reviewing trades.

Perhaps it is precisely because of these years of high-intensity market watching that my market sense has gradually developed. Of course, I think market sense is somewhat mystical. From my personal experience, part of it can be trained, but I also believe that part of it does come from talent. Because I can clearly feel that especially in recent years, I am more sensitive in terms of market sense than many others. Watching the market for over ten hours a day might sound exaggerated, but it definitely exceeds the normal working hours, like eight hours; it’s definitely more than that.

I think this has become less about "self-discipline" and more like a habit developed over a long time. I have completely adapted to this lifestyle. Every morning when I wake up, after washing up, the first thing I do is sit in front of the computer to look at the market. I go through the entire cryptocurrency market’s gainers list every day, including mainstream coins and altcoins I have previously followed. From large cycles to small cycles, such as daily, 4-hour, 1-hour, and 15-minute charts, I look at all of them. Then I filter out the coins that I think still have trading value today or in the coming days and add them to my watchlist. Once I finish selecting the coins, my morning preparation work is done.

Next, I do some of my own things. I don’t have many other hobbies; I usually just watch game live streams or invite friends to play games together. Of course, during this process, I generally operate on dual screens, playing games while continuing to watch the market. When trading opportunities arise, I will immediately pause the game and switch to trading operations.

Mia: Your daytime life is mainly watching the market and playing games with friends, without other leisure activities?

Yu Yu: I don’t have any particularly special leisure life because I have been trading and doing contracts for so many years, which has raised your "threshold" too high — under such high stimulation, it’s hard to get interested in other things, and many things seem quite boring. I genuinely enjoy the feeling that trading brings.

Mia: Especially for contract traders, because they have to endure huge volatility, they often can’t sleep well at night. Are you the same?

Yu Yu: Since I started real trading, my sleep quality has actually been quite good this past year. As long as there isn’t a significant market fluctuation, I can almost sleep through the night and rarely wake up to check the market on my phone. However, like recently when the market has been good and my routine is relatively healthy, I might check my phone when I get up to use the bathroom at night. Because the current market has completely "Americanized," its significant fluctuations almost all happen late at night, which is actually very unfriendly to our rest time as Asians. Personally, in the past few years, aside from trading, I really have no other hobbies. Because I am inherently a person with low material desires, I don’t like luxury cars, luxury watches, or any luxury goods. So I think finding something you truly enjoy to fill the spiritual void is already very good.

Mia: Do you enjoy the feeling of trading as a "one-person carnival"?

Yu Yu: I don’t deliberately endure "loneliness," but when trading, that state itself makes me feel very comfortable and happy. For example, the rise and fall of candlesticks can make your emotions fluctuate. But if I’m not trading, there are really very few things that can evoke emotional fluctuations in me. And during the trading process, I can clearly feel that I still maintain a strong drive; this feeling of "still on the road" is very strong and makes me very determined to keep going.

[03 Copy Trading Plan: Go All Out to Copy Trade, Give Back to Those Who Believe in and Support Me]

Mia: After reaching such a large capital scale, do you have new plans for trading?

Yu Yu: Because I have always been a very competitive and strong-willed person. In everything I do, I hope to do my best. Although I have now grown from 50,000 to 100 million, I may not yet be at the top, but I believe I am not inferior to others. For me, the goal of this stage has been achieved, and the focus will shift to copy trading. Since I started sharing real trading, many brothers have seen my data and are more willing to believe in and support me. It has been nearly three months now, and with so many people paying attention and supporting me, I am very grateful. Therefore, I hope to give back to the brothers who have always supported me through copy trading. Whether it’s helping them make money or allowing them to learn something in the process, it is very meaningful to me.

So I will take "copy trading" as the core goal of the next stage. Not only do I want to achieve the best results in real trading, but I also want to excel in copy trading. As you said, to do well in copy trading, the most intuitive manifestation is the results, being able to help those who believe in you truly make money. The most impressive thing is not making money for myself, but being able to help others earn as well; I believe that too. And over the years, I have always been very confident in myself, whether in trading or other areas, I believe I can do my best. So this time in copy trading, I will also go all out to strive for the best.

Mia: Besides helping others make money and sharing experiences, do you have any new arrangements for asset management?

Yu Yu: I have always had a spot account, although the amount is not large, but the holding time has been very long. I also periodically add a little position to it. Because I feel that I have earned the current funds through the crypto market, I hope to continue using this long-term accumulation method to retain my initial belief in this market. Even if Bitcoin rises to 200,000 or 300,000 in the future, I won’t touch my spot account; I will just continue to hold it long-term. As for futures, if one day the market suddenly turns sharply downward or confirms entry into a bear market, I might do some hedging operations, but I won’t reduce my holdings. Regarding other asset allocations, I might consider allocating a bit to US stocks or wealth management products, but the proportion won’t be too high. I still hope to maintain my focus on the crypto market and my continued investment in trading.

V. Market Outlook

[01 Market Trend Judgment: Wait Until the Federal Reserve Confirms Rate Cuts, BTC May Trigger a Significant Correction]

Mia: Do you think this momentum has already formed? How do you see the future development of the entire market?

Yu Yu: Of course, it has already formed. Since Bitcoin broke through its historical high, this momentum has been established. What you need to do is believe in it; it can take you to a higher stage. In fact, since that point in time, overseas institutions have been continuously increasing their holdings. I personally believe that the key to the entire market is — the strength of spot buying is simply too strong. So when you ask how high Bitcoin can go, I can only say that the real turning point may have to wait until the day the Federal Reserve confirms rate cuts to possibly trigger a decent and significant correction. Before that, as long as it does not effectively break below the new high of 110,000, I will not think that Bitcoin's trend has ended. On the contrary, I will choose to continue adding positions during each pullback.

Mia: Do you think the opportunity for altcoins has arrived as expected?

Yu Yu: Since Bitcoin broke its new high, I have always believed that there will be rotation, and it is actually already happening. But to say that it will replicate the kind of market from the last bull run, I think that’s impossible. The logic of this round is that if you can make a single coin double, that’s already quite good. So my strategy is to seize this phase that may rotate to altcoins as much as possible and then sell it before the Federal Reserve officially cuts rates. This should be the best trading method for most people. Do not trade frequently, buying and selling back and forth; that kind of method won’t work.

Mia: How will you operate in the upcoming market?

Yu Yu: If Bitcoin continues to pull back, I will choose to add positions in the lower range. I have set my accumulation range between the historical high and 115,000, and I will place orders to add positions in phases within this range. If it really experiences a deep pullback back to the 110,000 position, then my overall position might increase to about three times. But if Bitcoin really breaks below 110,000, then I need to rethink whether the entire trend has deteriorated. Because in that case, the market might return to a very difficult-to-operate, narrow range like last year. At that time, the strategy would also need to be adjusted accordingly; we can no longer talk about any large patterns, but can only do swing trading within the range. Make a little profit and exit; if there’s profit, withdraw; we can’t just hold on stubbornly anymore.

[02 Advice for Newcomers: Making Money is Not Easy, Maintain Respect for the Market]

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

Yu Yu: The secondary market, especially the contract market, is a very difficult road. It can truly be said that "one general's success comes at the cost of countless bones." For one person to succeed, there may be countless others who lose everything. I feel that most people on this path do not possess the necessary talent and find it hard to reach the end. Therefore, the most important point is to recognize oneself and find the path that suits you best. This path does not necessarily have to be contract trading.

As for other traders, I actually haven't interacted with many. It wasn't until I started sharing recently that I gradually got to know some peers with good real trading results. Before that, I was almost completely alone on this road. So I want to say that if you want to go further in trading, the most important points are: believe in yourself, keep learning, and stay focused. If you are not focused enough or passionate enough, after experiencing many twists and turns, it may be very difficult for you to persist.

The reason I have been able to persist is also related to the stage I was in at that time. I was young and could bear higher risks. Even if I had debts at the age of 23 or 25, I believed there would still be enough time and opportunities in the future to make up for it. Many of my brothers are different; they have families and may rely on a fixed salary to live each month, yet they want to earn extra income or improve their lives through trading. In this case, trading becomes very difficult. Because you not only have to face market risks but also bear enormous psychological and life pressures. With elderly parents and young children, it is impossible to fully devote yourself to trading. This also made me realize that a key factor in my ability to reach today is that I entered this industry at the right time and could invest myself fully. If I had gotten married and had children early on, facing the responsibilities of family and children, perhaps I wouldn’t have the current energy to focus on trading.

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

Yu Yu: Many people started paying attention to me after I turned 50,000 into 100 million, thinking I am some so-called "one in a million genius." If we look solely at the results, the capital I have reached can indeed be considered genius, but I never think of myself as a genius. Because the efforts behind me are unknown to everyone; 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 and enjoy their love for trading, which can help reduce anxiety. I want to tell everyone that I did not earn this 100 million overnight in the past two years. Before reaching this goal, I put in a lot of effort and went through a lot. In fact, this path is not as easy as we imagine.

Mia's Final Note:

Yu Yu's eight years represent resilience after three resets, the discipline of "not adding positions during floating losses" confronting human greed, and the practice of refining passion into a system.

There are no miracles in trading, only gradual accumulation: find your area of expertise → immerse in learning → validate in practice → painful reviews → iterative evolution.

"I never consider myself exceptionally gifted; I am just willing to pay the ultimate price for my passion."

He tears off the 'genius' label and tells us that his story is not a myth, but the trajectory of an ordinary person who perseveres.

I hope his experience helps you avoid detours, and you, in front of the screen, will eventually become the person you want to be in your own field.

Disclaimer
This content is for reference only and represents the author's views, not the position of OKX. This content is not intended to provide (i) investment advice or recommendations; (ii) offers or solicitations to buy, sell, or hold digital assets; (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 risks and may fluctuate significantly. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. Please consult your legal/tax/investment professionals regarding your specific circumstances. You are responsible for understanding and complying with applicable local laws and regulations.

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