Vida claims to be the richest post-00s individual verifiable by Zhihu, with at least $7 million in spare cash (approximately 51 million RMB). Due to fast trading speed and significant profits, he has received investigation notices from Binance's risk control department five times.
On November 11, Binance launched ACT and PNUT. According to Lookonchain, within 2 seconds of Binance announcing the launch of ACT, one address bought 10.9 million ACT with $320,000. After the price of ACT surged, the profit from this investment skyrocketed to $3.4 million (approximately 24 million RMB). This address made the purchase 7 seconds earlier than the Binance Chinese announcement, raising suspicions of 'front-running' and insider trading. Later, the 'Equation News' team claimed this address, stating the trading was based on the English announcement released 7 seconds earlier, with Vida as the trader.
Vida was born in 2000 in a middle-class family in Jiangsu. He struggled with science in elementary and middle school, ranking last in math, and scored 70 on an IQ test, being regarded as a 'fool'. He only scored 194 in the high school entrance exam and subsequently left the traditional education system. He excelled in English and, after entering an international high school, realized his potential for profiting from information discrepancies. His father is a disciple of Warren Buffett's value investment philosophy, with a unique stock market investment method, having timed market peaks in 2007 and 2015, and bought properties in 2000, 2008, and 2015, transitioning from a foreign enterprise purchasing manager to a freelancer.
At 16 in 2015, Vida engaged in light asset arbitrage, accumulating his first million in less than four years. His core strategy is light asset, low-cost, high-efficiency arbitrage, profiting from market and interpersonal information asymmetry. Although the success rate of his ideas is low, the investment is small, and the margin for error is high. Around 2018, he entered a 3 + 1 overseas university, befriending peers from various countries and shifting his focus to macro investments, increasing his wealth from 1 million to 7 million.
Although Vida is not skilled in science and coding, he excels in resource allocation and optimization. He formed a team to transform his ideas into automated trading strategies, incorporating quantitative trading into his investment system in March 2021, testing the integration of macro investment strategies into quantitative algorithms. By the end of that year, his quantitative strategies helped him achieve over 10 million in profits, realizing the potential for fully automated trading. He shared his trading strategies on Zhihu, but due to their complexity and execution difficulty, they are hard to replicate.
In 2022, Vida met French peers and was inspired by their rapid wealth accumulation models, delving into news trading. He realized that domestic news media was lagging, so he established a crypto media platform called Equation News aimed at the overseas Chinese market, completing the transition from timing trading to fully automated trading. Through automated news trading and delayed arbitrage, he improved trading speed, turning 8 million into 20 million during the global financial market downturn in 2022. From 2023 to 2024, as the market recovered, his fully automated news trading system saw his net worth soar from 30 million to 100 million.
Vida controls multiple business lines and aims to reach over $100 million in assets in three years, planning to establish a hedge fund in Singapore or Dubai. He has long-term aspirations, hoping to create a myth similar to Bill Gates or Mark Zuckerberg, documenting his journey. After retirement, he wants to become a marine biology researcher or a money-giving creator like MrBeast.
Vida does not believe in fate and opposes views like 'it's hard for a child from a poor family to become successful'. He believes his wealth comes from high cognition, computer skills, resource coordination and team management, grasping retail investor psychology, and having sufficient capital to manipulate the market. For those with less capital, he suggests honing a skill and profiting from information discrepancies. He sees the crypto market as a paradise for smart people, a place where wealth shifts from grassroots retail investors to elites, and encourages relevant practitioners to strive and extract USD in favorable market conditions.
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Post-00s Trading Prodigy Vida: The Legendary Journey from Underachiever to Billionaire
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