Well, the market has recently seen a continuous decline. Today, a WeChat friend expressed to Rhino that he had blown up his account and was feeling particularly lost and distressed, not knowing what to do. I think many of the fans and brothers might feel the same way. I’m not great at comforting people, but I understand this feeling that is etched in the bones because I have also experienced bankruptcy and debt. So, I can only share a segment of how I got through it for mutual encouragement. In October last year, Trump was about to take office, and the Federal Reserve welcomed a rate cut after several years, leading to a small bull market. Many altcoins surged. Within two months, I also earned a profit of 950,000. At that time, I felt extremely inflated, thinking that Buffett was just okay and that an unprecedented cyclical bull market was coming, just like the last cycle's crazy altcoin season. So, I swiped my credit card to increase my funds to buy junk altcoins, thinking I would sell them off at the end of the bull market to pay back and make a big profit. However, when the market began to decline, I couldn't wait to buy in, and when a big drop occurred, I had no money and even used my credit card to try to lower my costs. The result was that Rhino got a super invincible big surprise. The market fell from December to April of the following year, and during the long bear market, I increased my positions against the trend, unwilling to accept losses, and the thought of trying to break even occupied my mind until the price dropped significantly, and with almost no capital left, the hope of breaking even was gone. So, I sold my spot holdings to leverage in contracts to try to buy the dip. Unsurprisingly, I quickly blew up my account and lost everything during the continued market decline. In half a year, I retraced 2.7 million, with 1.8 million of that being principal lost, leaving me completely broke. This plunged me into extreme pain and confusion. At that time, I thought, at 31 years old, with no house, no car, no savings, and not married, I had nothing. Life felt like a complete failure. What was even more desperate was that I had no principal to turn things around. The road to breaking even seemed distant, and the sight of the difficult circumstances I would face in the coming years filled me with endless confusion and extreme despair. It felt like a sudden heart attack, and I had lost to the point of being unable to lose anymore — the pain was etched in my bones. After that, I paused for a while and reflected a lot, especially, especially a lot. One day, a credit card payment was due, and having no money, I used another card. Afraid of not being able to withdraw later, I decided to max out the limit, paid it off, and had over 10,000 left, which I exchanged for 1,500U. With this 1,500U, I didn't know how many times I would need to multiply it to turn things around in spot trading. Clearly, I had to reluctantly start my true contract journey. I used to be very afraid of leverage and contracts because I often heard that you could win 99 times, but if you lost once, it was all gone, so I never dared to touch contracts. But with little capital, I had no choice but to embark on this path, continuously exploring and learning. I was very fortunate to discover that contracts were where I excelled and had talent. When I had little capital, I was almost invincible, winning battles without loss, making small profits for a long time. Suddenly, I started making some money, and that feeling was like rain after a long drought. This gave me great confidence. I made 20,000 to 30,000 from the 1,500U and withdrew it to pay off my credit card. In the meantime, I blew up the remaining 1,000U again, then continued to add 1,500U. Over 10,000 came in, and I continued to push forward. This was the last time I recharged. From that time until now, I have not recharged again; I only withdraw every month. The process has been fluctuating with small losses and large gains, which has been relatively smooth. By July 15, 2025, I registered a commission account, and the old account was paused. At this point, the old account ultimately settled at a profit of 77,000U, while the current commission account has earned 660,000U. Adding the profits from Binance and K-Line, I made 1.24 million and 500,000 respectively, and earned 950,000 from Ouyi contracts. Therefore, since registering this commission account over 200 days ago, the total profit has accumulated to 7.3 million, plus the old account, roughly around 7.84 million in profit. From 10,000 to over 7 million, from a monthly profit of one or two tens of thousands to one or two hundreds of thousands, the profit curve has continuously stabilized and risen. From a state of having nothing and despair to turning things around, it took just half a year. I have shared all of this in my past posts. So, I want to tell those who are feeling lost that the crypto space is full of magic, and miracles can happen. No one starts off sailing smoothly forever. The road of trading is destined to be filled with thorns and difficulties. So, being low now does not mean the future will always be bad. Work hard, give it your all, do not borrow money to play, do not go into debt. Each time, try with small funds, and do not recharge more than 10,000 because even if you experience countless explosions, the damage is manageable, and you can still have the courage and opportunity to start over through a little accumulation from work. But once you borrow money, once you go into debt, once you lose everything, you may face endless debt repayment with no chance of turning things around. We invest to improve our lives and our situations, so use spare money and do not let it affect your life. Do not lose sight of what is important. Regain confidence, work hard, and find a path that suits you. Brothers, I wish you all the best.
2025 Annual Summary: Looking back on this year, it feels like I had a very long dream, incredibly surreal, with a plot more dramatic than a novel, extraordinarily exciting. This year, I experienced the most significant setbacks and turning points in my life. Devils and angels coexisted. In the first half of the year, profits soared to 950,000, only to plummet to a loss of 1,800,000, experiencing a massive drawdown of 2.7 million in just six months. The pain, anxiety, and confusion during this time are known only to heaven, earth, and myself. In the second half of the year, through 10,000 of trial and error and constant reflection and summary of practice, I achieved over 5 million in profits, entering the ranks of smart money and top traders, 500 times. I only took half a year. Looking back at my former self, I was simply a big fool. But this also indicates that my understanding and trading abilities have greatly improved. I learned how to trade well, how to manage myself, and to repeatedly execute profitable trades within my circle of understanding while continuously expanding my capability through learning, reflection, and summarization. From then on, regardless of bull or bear markets, my capital began to grow steadily. This year is destined to be one of the most memorable years in my life and will change the trajectory of my future life. I am very grateful to Mr. Market for teaching me this lesson of 2.7 million, which allowed me to learn a lot. I enjoy the feeling of improving and getting stronger every day. This feeling is intoxicating. Wishing well for 2026.
#牛来 is about to go check out this movie and see how bad it is—it's gone completely backwards viral, and it’s been on all sorts of news trending searches.
#牛来 Goodness, why didn’t anyone tell me? A couple of days ago, I was mocked for watching the movie 《牛来》, whose box office was only 7,000 yuan. Its market value has now soared to 121 million, up by a thousand-plus times. I didn’t notice in time—I missed the feeling of making a fortune. Now even bulls, sheep, and leopards are out
$HFT is so damn exciting—first I made $3,000, then a dog pool quickly pumped it up by 85%. I reached a maximum loss of $13,000, and in the end I even made back $5,700 by the close. In the last half hour the dog pool couldn’t manage to push the index up—could it be that the original project team dumped spot? If so, this dog pool is going to be in serious trouble, losing badly. The volatility is way too high; it’s not really recommended to play—most people can’t handle it.
$BTW What the heck is all this? It dropped again. Luckily I didn’t hold out; holding out gets you hit. Tonight I went short on CXMT (Changxin Memory). US stocks for memory also dropped a lot. I’m betting that CXMT will catch a falling knife and drop further. And today’s trading volume—140 billion RMB?—was just too big. Tomorrow it won’t be able to maintain that level of volume. Some of the capital that entered today and has T+1 settlement can’t sell. Tomorrow it will definitely flow out. Let’s open a position and give it a try.
$BANK My hand was a bit shameless; a minute before the outburst, it ran most of the position. I wanted to do a trade, but missed the outburst, and I earned $30,000 less—it's heartbreaking.
I closed my positions yesterday in storage. This new regulation in South Korea that limits leverage has enormous power. Koreans are extremely crazy when it comes to betting—everyone is trading stocks. 92% are retail investors. Of the leveraged capital at 2x, foreign investors and institutions account for only 1/7. The super bull market of China’s A-shares in 2015 ended amid efforts to limit leverage. Micron and SanDisk are still okay; I’m not too optimistic about Hynix in the future.
$BANK held it for so long just to make this little bit, the holding experience isn't great. I'm unhappy with how the dog庄 pulled the price up—go on, make you earn it.
$DEXE Hello, may I ask what app this is? Why does it automatically deduct a few hundred U every hour? I’ve already been charged 7600U in fees. I want to apply for a refund for a minor.
When $ACE started to surge and explode upward, very early on I already put in more than $10,000; the dog operator didn’t want to play with me, so there was nothing I could do.
$BANK Quantitative robots are so insanely powerful. You enter with your first move, and right after that you get chased and beaten—I'm fed up. I give up. This kind of imitation is probably better avoided. You can clearly feel that the quant trading that originally existed in the stock market has been massively deployed into the crypto market, deployed across many scamcoins. Retail investors really aren’t a match for quantitative robots.
$SPCX The market has already collapsed; even the big A is seeing full limit-downs. The spot I bought is down 17,000 dollars in just two days. With this kind of drop, I don’t dare add more. I’m just pretending to be dead in the meantime. Where is that promised most beautiful summer?