In the cryptocurrency industry, I have done many foolish things One of the stupid things is the leverage ratio of carrying orders At the end of 2023, I made a trading signal on OKX, At that time, the minimum unit of OKX BTC-PERP was still 0.01 BTC Based on the price of BTC at that time, it was approximately equivalent to over 400 US dollars What kind of concept is this? Any order with an amount less than $400 will be directly rejected by the system. I mentioned this issue to the authorities during testing at that time He said they are making changes, but it will take time, probably another month A month has passed, and I asked again The official says it hasn't been fixed yet, we'll have to wait until next quarter I want to say okay Otherwise, set the leverage higher first, so that everyone can start driving Then go to the group and tell everyone that if your capital is large enough, Leverage can actually be lowered (When subscribing to signals, parameters can be adjusted by oneself) I thought there was no problem Because from my dashboard, I cannot see the leverage ratio of the person following the order I thought everyone was playing with high leverage with small funds and low leverage with large funds At that time, I told everyone that if you have high leverage, remember to withdraw Because the higher the leverage, the faster you can make money, but it will explode when encountering headwinds By the end of January 2025, After the BTC ETF was approved, all the positive news turned negative BTC has been falling continuously from 48000 to 38000 ETH has been falling all the way from 2700 to 2100 At that time, our quantification, Starting from BTC 42000 and ETH 2300, enter the market in batches Then I noticed that the group was saying it was about to explode At that time, I thought it was very strange myself Why did it explode? Upon inquiry, I realized that, Many people follow pre-set settings, Press all the way without thinking, until the signal can be turned on, I didn't notice that leverage can be adjusted I'm completely panicked At that time, I had a friend who drove three times, I put 500000 US dollars, and I asked him if it's still okay? He said he could accept a pullback of about 20% But the group has already exploded A bunch of people are accusing me of being irresponsible, Saying that quantification can make money is a scam But clearly, the performance in the first few months was very good, and I did earn a lot Under pressure, I finally stopped the entire signal's long order at the low point My friend also lost over 200000 US dollars Afterwards, everyone also knew that, At that time, it was a very good entry point for this bull market BTC and ETH took off all the way afterwards If I hadn't forced myself to cut losses under pressure, he would have earned over $500000 Afterwards, he didn't blame me either, but I always thought it was very dry Then there were some off field KOLs who couldn't figure out the situation Saying that I intentionally used high leverage to kill someone I just want to earn transaction fees and share profits, Anyway, if I make money, I'll share it. If I lose money, I won't do my job. Blah blah blah At that time, I did not publicly disclose this signal, Just sharing in a small group, Because the performance was initially good, it was spread to other groups, Becoming a bunch of outsiders following, So some people haven't seen the instructions for use This matter has affected me a lot, Until now, a bunch of people still use this to criticize me Am I wrong? Of course, I shouldn't have opened the leverage so high Because there are always people who don't follow the instructions for use I should have anticipated it earlier After OKX resolved the issue of denomination I have reopened another signal, which is the Ultron of CoinKarma CoinKarma's official quantitative signal preset is 3x I told him to take risks if he drives more than three times Later, Ultron ran for over 500 days, Under the condition of only doing BTC-PERP Performance outperforms BTC spot by 2 times, with a maximum drawdown of only 2/3 of BTC spot For ultimate transparency, we also publicly disclose all position records, And retrieve the net value from the exchange API every hour and post it on the webpage: The floating gains and losses during any holding period will be immediately reflected on the net asset value curve. And we are quite adept at directly comparing our net worth with BTC This level of transparency is higher than most quantitative funds, not to mention that we are essentially a data website, and our profession is not asset management. Nowadays, Ultron has become the quantitative signal with the highest AUM, longest running, and highest total subscriber profit on OKX. In the past four months, BTC has remained relatively stable, but we have earned over 30%, which proves that this signal really has alpha. There are many data websites and indicators in the market now, But most of them are just empty talk on paper - doing analysis, writing reports, drawing charts, but no one really uses their own money to experiment. They can only give you a backtesting result at most, But they never dare to publicly disclose a real net asset value curve. And we have been running real trading since the first day of CoinKarma's establishment. Ultron has been running for as long as CoinKarma was established To be honest, I don't know how many data websites dare to do this. At least so far, Glassnode、CryptoQuant、Nansen AI ， None of these top data platforms dare to personally conduct live trading. Until now, there are still black fans over there calling out 'Coin's foot numbness, foot numbness'. I'm really too lazy to argue too much. True gold is not afraid of fire. It's easy to be a keyboard addict - if you can do it, go ahead. Do it.