Having been in the crypto world for over ten years, experiencing the baptism of liquidation, I finally achieved financial freedom. Supporting my family through trading, my 2024 performance has seen my funds multiply by 50 times. If I hadn't withdrawn capital twice along the way to buy property, the multiplier would be even more astonishing—about 85 times.

Today, I want to share the trading strategies and insights I’ve developed through my own exploration. There’s a saying that goes, standing on the shoulders of giants can save you ten years of detours. Especially the position management logic at the end of this article is truly what determines life or death. If you’re reading this and want to improve your trading skills, be sure to study it carefully. I strongly recommend bookmarking it.

When I first entered the crypto space, I was still a salaried worker. Back then, my capital was very tight, and I managed to save up $2,000 from my living expenses to start this journey. Why $2,000? Because a major exchange’s flexible financial product offered an annual interest rate of 10%, and each account could only hold up to $2,000, which was a low-risk way to grow my funds. Later, I had a friend—a true second-generation rich kid who had been involved in crypto for a long time—who kept bragging about how much he earned yesterday, how much today, and even showed me his profit screenshots, often with returns several times higher.

In fact, I had heard about virtual currencies long before, but I never really took action. Seeing how he made money, I decided to trust him this time. I thought to myself, this interest rate is three to four times higher than Yu’e Bao, not to mention there are even bigger opportunities. Coincidentally, I was indeed short on money at the time, so I carefully saved my living expenses, borrowed some, and managed to gather $2,000, leaving another $1,000 in cash for meals.

I registered an account on a major exchange, exchanged all my Alipay funds into USDT, and invested in the financial product. At that time, the entire crypto market was in a bear phase. I opened the app to check the market, and almost all coins were in the green.