He used to be an Internet product manager, but he plunged into the ever-changing Web3;
He was once a heavily indebted Degen, whose positions were repeatedly liquidated during the “200,000 curse”;
Now, it can realize millions of dollars in profit with a single currency many times, and the annual income exceeds 40 million
He topped the exchanges order-leading list three times, creating a legend with real trading: 20,000% return rate, 1.4 million U profit per coin, and 1.8 million U profit for followers
This is not just a simple story of getting rich quickly and then making a comeback, but also a true story of the evolution of a trader full of hardships, deep reflection and continuous growth - how does one become a hawk trader?
1. Confused and lost: From tightening screws in Web2 to becoming a god in one battle in Web3
The beginning of every legend is often accompanied by unknown confusion and struggle. Aoyings story is no exception. His journey to Web3 began with a reluctance to the status quo and a desire for a side job. I used to work on Internet products, Aoying recalled. In 2020, due to work needs, he first came into contact with the emerging field of Web3, and officially started his futures trading (contract) career in 2021. At that time, he was not as desperate as everyone imagined, but with a cautious and experimental mentality.
At the beginning, the principal was very small. I could only take out 3,000 to 5,000 RMB from my monthly salary of more than 10,000 RMB for trading. Ao Ying is very similar to countless young people who have just entered the cryptocurrency circle - with a yearning for wealth appreciation, he carefully tested the waters with part of his salary. However, reality soon gave him a heavy blow: The result at that time was that I made some gains and some losses, but in the end I still lost more.
The deeper reason is that at the age of 24 or 25, Ao Ying felt the double bottleneck in his career and life. Economic pressure, such as the responsibility as a man to buy a house and a car, and give my girlfriend a better life, these realistic considerations made him urgently need a side job to seek a breakthrough. Web3 transactions became the life-saving straw in his eyes at that time. He admitted that he didnt fully think about devoting himself to it at that time, but more of a turn and exploration, hoping to find new possibilities.
The turning point came from an unexpected place. In the continuous trading and investment, despite the overall loss, Aoying did not give up. He began to try the order-taking function on the OKX platform and used an order number called all in crypto to operate. I used the order number all in crypto on OKX and achieved a three-fold return in half a year, with very low drawdown, and thus gained the first batch of fans. This successful order-taking experience made him determined. From then on, I quit my job and started trading independently, and I have come all the way to now.
2. Wild way alchemy: stealing real traders to avoid many detours
Everyones path to learning Web3 is different. Im more of a wild person, Aoying said bluntly. While most people are busy studying various technical indicators and K-line theories, his eyes are on those real traders who can make continuous profits in real-time software.
His learning method is simple and crude but extremely effective: It is to look at the orders of real traders in various real-time software, get to know them, try every means to join their fan groups, and then ask them about the logic of their orders. He emphasized that the objects of learning must be those traders who are profitable in real-time and willing to share. This almost apprentice-style learning allows him to directly contact the most vivid trading cases and the most realistic trading ideas.
Aoying admits that what he learned from these predecessors is not a set of rigid systematic methodologies, but more valuable practical experience and a guide to avoid pitfalls. In fact, what I learned from them is not a set of systematic methodologies, but it can help you avoid many detours and lose less money. This kind of experience transmission can often get to the essence of trading more directly than the theories in books.
Losing money is the best teaching material. You can learn the sense of the market by repeatedly blowing up your account. Follow the map, keep watching the sharing and real-time operations of real traders, and ask them how each transaction is done, why they make money, and why they lose money. This is the core of the early learning of Eagle Trading. However, it is not enough to just learn fake tricks. Real growth comes from personal practice, especially those painful loss experiences. In this way, by exploring little by little, combined with continuous real trading and losing a lot of money, Eagle Trading slowly lost experience.
3. Rebirth from the Ashes: Ending the “200,000 Curse”, Degen’s Epic Comeback
Starting from a few thousand yuan, and making hundreds of thousands or even millions of yuan, this is not easy for many traders. But Aoying was once trapped in the so-called capital threshold or psychological threshold - he made the capital to about 200,000 yuan many times, but lost it without exception, which is what he calls the 200,000 curse. The breaking of this curse was accompanied by an epic market capture and a heart-wrenching loss awakening.
The real turning point occurred in 2024. Aoying admitted that the success of that wave was honestly just luck. But luck always favors those who are prepared. Between March and June 2024, there were actually two waves of market conditions, one for AI and one for meme coins, and I just caught them all. Not only that, before these big markets started, he also accurately hit the second spring of Inscription. Basically, I caught all three waves of market conditions, which allowed me to break through the capital limit at once.
The successful capture of these three consecutive waves of market conditions was like a stroke of genius, which enabled his capital to grow exponentially. More importantly, this huge success not only allowed him to pay off all his debts, but also accumulated considerable profits. From that moment on, he felt that he could finally keep doing it and get rid of the shadow of repeated losses before.
When the loss is heartbreaking, trading really begins. Ao Ying has a deep reflection on the 200,000 curse and repeated liquidations. He believes that the so-called capital threshold is often not a problem of poor trading skills, but a psychological problem. It is more like a psychological problem - its not that you havent learned the indicators well, you havent watched the market hard enough, or you dont know how to choose coins, but your personality and your mentality are not in place.
During the debt stage, his trading had become distorted and his mentality became increasingly underwater. He described himself at that time as not losing enough. Although he had lost a lot of money and many orders, and even some orders worth hundreds of thousands of yuan were lost, these were not enough to make him change completely. Until I lost so much that I couldnt lose any more, and if I lost more, I would really have nothing. That was when I really lost so much and all the problems were solved. This awakening from the loss experience was like a wake-up call, which fundamentally changed his attitude towards trading. He began to treat every transaction very carefully and execute every order honestly.
4. Secrets of Eagle-Trading: Basically abandon all indicators and rely on event-driven to create tens of millions of profits
In the early days of Eagle, I learned all the trading methods that anyone pursued, such as the double moving average system, EMA looking at moving averages, naked K, Fibonacci, wave theory, Dow theory, and various turtle rules, etc., but now, except for occasionally looking at naked K, moving averages, and trading volume, I basically don’t use the others. Indicators can only make your points open a little better, but it can’t determine whether you can make a lot of money in the end. So I basically abandon all kinds of indicators now. They may still be hanging on the chart, but I won’t use them for real technical analysis.
“Don’t be too superstitious about indicators. I have fallen into many traps myself. I once thought I had found a strategy with a high winning rate, or the “holy grail of trading,” but in the end I discovered that these things were all false, and only my own cognition was real.” Aoying gave an example, saying that the Bollinger Bands might be useful in a volatile market for Bitcoin, but would be completely ineffective in a trending market, so one should not be superstitious about indicators.
When Aoying is doing small coins, small-cap copycats, or some relatively unpopular mainstream coins, the most important thing he values is whether there are hot events driving them. Because his big profits in this round are basically made by event-driven. For example, relying on the macro event of Trump and Musk fighting each other, he made 1 million U by shorting DOGE, and later he made 1.3 million U by bottom-fishing ETH. For another example, when ETH rose by 80% for 4 consecutive days, Aoying went long on Hippo, from more than 1 million to more than 5 million, and there was no loss in 9 orders, with a net profit of more than 4 million. Aoyings operations do not rely on indicators, but are based on the markets missing emotions and the currency listing rules of large exchanges. But it is worth noting that when doing mainstream coins such as Bitcoin and Ethereum, Aoying will follow the market.
I have no system for trading, its completely improvisation. I can trade in any market and have any kind of stop loss method. Ao Ying is very flexible in trading and is very cautious in using leverage, with actual leverage far lower than nominal leverage. The 10x leverage shown on his trading order is just surface data, the actual leverage is only about 5x, and he will gradually build positions, with actual operations of about 4.5x. Moreover, as the amount of funds increases in the later period, Ao Yings leverage becomes smaller and smaller, because low leverage makes him more daring and more stable, forming a positive cycle and making more and more profits.
Old fans of Aoying should know that Aoyings first key transaction was to use 5x leverage to buy BCH in March 2024, and this order enabled him to increase his U from 3,000 to 10,000. At that time, Aoying was the first to observe the abnormal movement of BSV and judged that BCH might make up for the rise. He eventually earned 2.7 times the profit, and the net value of his account increased by more than 40%. Since then, he has taken turns to attack in the AI and MEME market, from Watercoin to PEPE to CRV, with a stable winning rate and clear logic, and rolled his account from 20,000 U to 10 million. But in this process, except for the BCH order of five times, Aoying basically used three times, two times, one time, and even 0.8 and 0.5 times to open orders, and finally completed the extreme counterattack with a net worth of tens of millions.
What really makes funds roll is logic, strategy and execution, not the leverage ratio; what really widens the gap is cognition, not the leverage ratio, Aoying shared.
5. The responsibility of the “head”: not cutting the liquidity of fans and not actively disclosing positions
I dont cut everyones liquidity, because I open orders according to logic. Ao Ying said frankly that all the currencies he called out were open and transparent, and there was no insider trading. Even if he was a rat, he was an open rat. He never sneaked into the market and called out orders, and most of his fans were able to run ahead of him. Many times, as long as fans saw the orders he called out for the first time, the rate of return might even be higher than his own, so he gained a large number of fans.
But now, the mentality of the eagle has changed. I found that some projects began to regard me as shipping liquidity. The liquidity of the entire market is too dry now. If I publicly participate in any good event, many people may be left hanging at high prices. So now I am more cautious and dont want to be a leader anymore. Now I prefer to make money secretly and do my own logic. If you are willing to believe, you can follow me; if you dont want to, it doesnt matter. I will no longer take the initiative to disclose my positions, because now disclosing is actually a kind of harm to fans.
The logic mentioned above is the secret that Aoying talked about the most. This kind of thinking has accompanied his entire trading career. In addition to constantly accepting new information, new events, and new policies, my way of trading has hardly changed - I still use my own trading logic to make money. But in sharp contrast to Aoying, many people who study hard are still losing money. Aoying believes that those who still dont make money are not necessarily learning in the wrong path, the key is whether they have grown after losing money. If there are people who are left with forget it after losing money, Aoying suggests that such people can choose to leave, or even never come back for the rest of their lives.
Whether or not someone can easily make a lot of money is determined by their overall personal qualities. They must have both risk control capabilities and the ability to perceive the market. Especially when the most suitable market conditions appear, they must be able to dare to go down. Many of the powerful traders that Aoying knows are just one-wave flows: they dare to go up and down in a round of market conditions, and finally make 10 million, 20 million, or 30 million. But it may be just this time, and they will never catch the second round of market conditions. Therefore, in the time period that can be grasped the most, you must be decisive and not hesitate. You must respect your own judgment, trust your own judgment, and then dare to execute it. If you hesitate when the market comes, then its really over. The most suitable personality for trading is - dare to judge, dare to act, and integrate knowledge and action.
If it works, you will be the one sitting here sharing. If it doesnt work, then you will continue to sit in the audience and listen.
6. Hawkish advice: There will still be a 25% correction in the future, and I will go long at that time
Talking about his views on the future market and the price of Bitcoin, Aoying firmly stated that I will never be bearish on Bitcoin. It is unlikely that an extreme deep bear market will occur at present, but he believes that there will still be a 25% level correction in the future market, and he will still choose to go long when the correction is in place.
For those novice users who want to turn over, Aoying recommends not to trade with debt, not to bet on fluctuations in the secondary market, but to directly participate in project construction, and then consider going to the futures market to do band operations after accumulating a certain amount of principal and knowledge. In addition, he also recommends that novice users can pay attention to real traders such as Chuanmu, Fangcheng, Maomao the Great Devil, Tony Teacher, and Longwang. Their managed funds basically start at 50 million, and many are even over 100 million. These people are really worth learning from, and their content is also very in-depth, and you will understand it after reading it.
From a heavily indebted Degen to a legendary trader with an annual income of tens of millions, Ao Yings experience is full of drama and contains profound trading wisdom. His story and insights are of great reference value to everyone who is groping forward in the trading market.
Disclaimer:
This article is for reference only. This article only represents the authors views and does not represent the position of OKX. This article is not intended to provide (i) investment advice or investment recommendations; (ii) an offer or solicitation to buy, sell or hold digital assets; (iii) financial, accounting, legal or tax advice. We do not guarantee the accuracy, completeness or usefulness of such information. Holding digital assets (including stablecoins and NFTs) involves high risks and may fluctuate significantly. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. Please consult your legal/tax/investment professionals for your specific situation. Please be responsible for understanding and complying with local applicable laws and regulations.
