Hello! Good early morning, everyone~ I’m Jiu Ye~
I wanted to let you all know that I’m taking a break. I’ll be stopping trading indefinitely for now (I’ll resume when I’m feeling ready—it could be a few months or as long as six months).
I started with $60,000 and made a net profit of $910,000 in my live account, plus $1.2 million in net profits for copy traders—a total return of $2.11 million. My six-month return was as high as 3,700%!
Looking back on the ups and downs of trading over the past six months, it feels like ten years have gone by. In early May, I decided to put up $60,000 to short Bitcoin on Binance as a long-term trade. At the time, I expected resistance around $83,000. I eventually opened my long-term short at $82,000, and also opened a short on Ethereum, holding both positions. By early June, the market plunged as expected, breaking below the $60,000 level and reaching a low of $58,000. Based on the technical picture at the time, I was looking for $49,000—or, to make a more extreme prediction, even a Bitcoin price starting with a 3. Anyone who’s been around crypto for a while knows that, based on Bitcoin’s typical bear-market declines, once it reaches this point, it usually hits every lower target along the way. But this time was an exception. I really didn’t expect $58,000 to be the bottom. Near that low, my account had grown to around $200,000 from the long-term short. While holding the position, I also traded storage stocks every day, including SNDK, MU, and SK Hynix. In just a month or two, I’d grown my account to RMB 8.5 million. I shared the whole journey publicly and gained a lot of new followers. At that point, I decided to cash out some of my profits and put some more into copy trading.
On August 1, I decided to start copy trading because I wanted to earn the honor of being number one. I know exactly what I’m capable of—that’s why I dared to say that. But the good times didn’t last; just as I feared, things went wrong. SNDK made a sharp, one-way surge in mid-August. With all three of my accounts showing unrealized losses, I was already on the verge of losing it. In the end, I had no choice but to stop out at my final line of defense—but by then, I’d already suffered massive losses of up to 80%.
There’s a character limit. Read the next part below ⬇️ in the comments ❗️❗️❗️
I wanted to let you all know that I’m taking a break. I’ll be stopping trading indefinitely for now (I’ll resume when I’m feeling ready—it could be a few months or as long as six months).
I started with $60,000 and made a net profit of $910,000 in my live account, plus $1.2 million in net profits for copy traders—a total return of $2.11 million. My six-month return was as high as 3,700%!
Looking back on the ups and downs of trading over the past six months, it feels like ten years have gone by. In early May, I decided to put up $60,000 to short Bitcoin on Binance as a long-term trade. At the time, I expected resistance around $83,000. I eventually opened my long-term short at $82,000, and also opened a short on Ethereum, holding both positions. By early June, the market plunged as expected, breaking below the $60,000 level and reaching a low of $58,000. Based on the technical picture at the time, I was looking for $49,000—or, to make a more extreme prediction, even a Bitcoin price starting with a 3. Anyone who’s been around crypto for a while knows that, based on Bitcoin’s typical bear-market declines, once it reaches this point, it usually hits every lower target along the way. But this time was an exception. I really didn’t expect $58,000 to be the bottom. Near that low, my account had grown to around $200,000 from the long-term short. While holding the position, I also traded storage stocks every day, including SNDK, MU, and SK Hynix. In just a month or two, I’d grown my account to RMB 8.5 million. I shared the whole journey publicly and gained a lot of new followers. At that point, I decided to cash out some of my profits and put some more into copy trading.
On August 1, I decided to start copy trading because I wanted to earn the honor of being number one. I know exactly what I’m capable of—that’s why I dared to say that. But the good times didn’t last; just as I feared, things went wrong. SNDK made a sharp, one-way surge in mid-August. With all three of my accounts showing unrealized losses, I was already on the verge of losing it. In the end, I had no choice but to stop out at my final line of defense—but by then, I’d already suffered massive losses of up to 80%.
There’s a character limit. Read the next part below ⬇️ in the comments ❗️❗️❗️