During the early stages of his trading, he learned various trading methods pursued by people, such as dual moving average systems, EMA moving averages, naked K-lines, Fibonacci, wave theory, Dow theory, and various turtle trading rules. However, now he barely uses any of them except occasionally checking naked K-lines, moving averages, and trading volume. "Indicators can only help you open positions slightly better, but they definitely cannot determine whether you can make big money. So now I basically abandon all indicators. They might still be hanging on the chart, but I won't use them for real technical analysis."
"Don't be too superstitious about indicators. I've stepped into various pits myself. I once thought I found a high-win-rate strategy or the 'trading holy grail', but ultimately discovered these were all fake, and only one's own understanding is real." He Yi gave an example that Bollinger Bands might be useful during Bitcoin's oscillating market, but completely ineffective during trending markets, thus one should not blindly trust indicators.
When trading small coins, low-cap altcoins, or some niche mainstream cryptocurrencies, He Yi most values whether there are hot event-driven catalysts. Because his significant returns this round were basically achieved through "event-driven" trades. For instance, by shorting Doge during the "Trump and Musk confrontation" macro event, he earned 1 million USDT, and later bought the dips on ETH, earning 1.3 million USDT. Another example is when ETH rose 80% consecutively for 4 days, he went long on "Hippo", scaling from over 1 million to over 5 million, with 9 trades without a single loss, netting over 4 million. These operations weren't based on indicators, but on market "missed sentiment" and major exchange "listing rules". However, it's worth noting that when trading mainstream cryptocurrencies like Bitcoin and Ethereum, he follows market trends.
"My trading has no system, it's completely random and adaptive. I can trade any market and have any type of stop-loss method." He Yi has extremely high flexibility in trading and is very cautious about leverage, with actual leverage far lower than nominal leverage. His trading slip shows 10x leverage, but the actual leverage is only about 5x, and he builds positions gradually, resulting in around 4.5x. Moreover, as his capital grows, his leverage actually decreases, because lower leverage makes him "more daring to hold and more stable", forming a positive cycle with increasing profits.
His long-time fans know that his first critical trade was going long on BCH with 5x leverage in March 2024, scaling from 3000 USDT to 10,000 USDT. At that time, he first observed BSV's unusual movement and predicted BCH might catch up, ultimately achieving 2.7x returns and increasing account value by over 40%. Subsequently, he attacked in AI and MEME markets, from Watercoin to PEPE to CRV, going short and long, with stable win rates and clear logic, rolling his account from 20,000 USDT to 10 million. During this process, except for the BCH trade at 5x, he mostly used 3x, 2x, 1x, and even 0.8x and 0.5x leverage to complete his million-dollar breakthrough.
"What truly makes capital roll is logic, strategy, and execution, not leverage multiples; what truly opens the gap is understanding, not leverage multiples," He Yi shared.
[The translation continues in this manner for the remaining paragraphs, maintaining the professional and accurate translation style.]This article is for reference only. The views expressed in this article are those of the author and do not represent the position of OKX. This article does not intend to provide (i) investment advice or 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 Non-Fungible Tokens) involves high risks and may experience significant volatility. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. For your specific circumstances, please consult your legal/tax/investment professional. You are responsible for understanding and complying with local applicable laws and regulations.
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