Author: White Runner
If your account loses 90% in a single day, would you dare to place another bet immediately?
Judy Lee dares.
On the afternoon of May 19, 2021, Judy experienced such a life-and-death moment; recently, she reached Bitget Futures VIP5 within 10 days.
She is not a gambler, nor does she believe in get-rich-quick schemes. On the contrary, she repeatedly emphasizes position management, risk control, and how to make "trading" more stable under the platform's rules.
This is the real experience of trader Judy, who survived a black swan event and learned how to stay at the table long-term. Her story may not be easily replicated, but her methodology is worth every ordinary trader carefully analyzing.
From First Entering the Crypto World to Stepping into the Futures Market
Judy's cryptocurrency journey began in 2018. At that time, she didn't have a deep understanding of the cryptocurrency market like many peers; instead, she gradually got involved in the industry through recommendations from some friends. Friends in Hangzhou and Shenzhen suggested the crypto space to her, telling her that cryptocurrency might be the next big opportunity. With a few hundred thousand yuan in capital, she began her crypto investment journey. Initially, she simply bought $6,000 worth of Bitcoin (BTC) and $100 worth of Ethereum (ETH) and started exploring the market.
In less than two years, she earned her first pot of gold through keen market insight and continuously learning trading techniques. At first, she only participated in spot trading. Through careful observation and analysis of market fluctuations, she gradually mastered more trading strategies and skillfully seized market opportunities to profit.
What truly transformed her into a futures trader was the market volatility during the late bear market and early bull market of 2020. She began to engage in futures trading, deeply experiencing the high returns (and, of course, high risks) of futures. Through futures trading, she could profit in both rising and falling markets, which further enhanced her trading skills. After five years of trading experience, she continuously optimized her trading strategies.
Personality Determines Style, Constantly Adjusting in Trading
Every trader's style is deeply influenced by their personality, and Judy's style leans towards aggressiveness. She admits that she has an impatient personality and tends to act impulsively when trading, which has caused her to suffer losses in the market. After several failures, she realized that passion and intuition alone cannot yield long-term profits in the market. So, she began to actively adjust her trading strategies, learning to calmly analyze the market and rationally respond to every fluctuation.
"The market is always right; you are the one who is wrong," she says. Traders must learn to overcome their weaknesses, especially when facing market fluctuations, and avoid emotional decisions. She realized that relying solely on impulse cannot achieve long-term trading success, so she made many efforts to adjust her mindset. To improve her trading psychology, she delved into trading psychology and technical analysis, recommending two books: "Japanese Candlestick Charting Techniques" and "The Turtle Trading Rules." These books not only helped her master the basics of candlestick patterns and trading strategies but also gave her a deep understanding of how to manage emotions. A sentence from "The Turtle Trading Rules" became a guiding principle in her trading career: "Trading is about learning to control your inner demons."
Her trading periods are usually short because she believes market opportunities are not always available but need to be captured at specific times. For example, she trades around events like Fed rate cuts, major technical upgrades, or significant market events, which are usually accompanied by large market fluctuations and can bring high profits. Although waiting for these opportunities can be boring, when the time comes, she can make quick decisions and achieve considerable returns.
A Hair-Raising Trading Experience, Learning Risk Control
During her trading journey, she experienced a key event that she still remembers vividly. On May 19, 2021, Judy's account underwent a massive fluctuation, and she still feels a chill thinking about it.
That day, she thought it was just another ordinary afternoon. She had opened a long position with over 3 million RMB in her account, unaware of the impending black swan event: all major coins plummeted 50%-70% in a short time.
After lunch, she set an alarm for 3 p.m. to check the market dynamics. When the alarm went off, she woke up immediately, opened her account, and found that the market had started to drop. Her account had shrunk to 2 million RMB, with a net loss of over 1 million RMB. She felt her vision go black.
She hurriedly added margin, hoping to recoup the losses with a market rebound. However, things didn't go as she hoped.
An hour later, the market plummeted again, and her account balance dropped to just 300,000 RMB. At that moment, Judy only thought, "If it falls further, I'll lose everything." So, she made a decisive decision: cut losses and avoid further damage.
Right after she closed her position, the market continued to fall, even showing massive downward volume. Although she suffered significant short-term losses, Judy, drawing on her accumulated trading experience, judged that the market was about to bottom out.
"Based on my trading experience, such continuous declines, especially with huge volume, are often opportunities to pick up cheap筹码 (chips)."
She boldly used the remaining 300,000 RMB to open a position with 30x leverage, accurately bottom-fishing Ethereum futures. As the market violently rebounded, her account quickly recovered to 2.7 million RMB. She finally closed the position, almost fully recouping the losses.
This experience made her deeply realize the huge risks of over-concentrating funds in futures trading. Since then, she has never dared to put all her funds into a single trade, always maintaining a 20%-30% position to cope with risks brought by market fluctuations.
Reaching Bitget Futures VIP5 in 10 Days
Speaking of her trading journey on the Bitget platform, Judy first shared her great achievement of rising from an ordinary user to VIP5 in just 10 days.
From November 20 to December 1, she focused on Ethereum (ETH) futures trading, using its fluctuation range between $2950-$3050 for high-frequency trading. She went long and short daily based on market fluctuations, repeatedly profiting within this range. Through her keen grasp of market volatility, she gradually accumulated considerable profits.
Until the last few days of November, Judy decided to catch the significant drop at Ethereum's monthly contract rollover line. She accurately predicted that Ethereum would experience a 6% drop, making five times the profit of the previous week in one trade. This was a pivotal breakthrough in her trading career and greatly boosted her confidence in her futures trading skills.
While trading on the Bitget platform, Judy didn't just rely on market fluctuations to make profits; she also actively participated in the platform's reward activities. Initially, she didn't realize her VIP level had increased until she found herself upgraded to VIP3 and received a few hundred dollars in cash coupons from the platform. Then, she truly realized the potential of Bitget's reward mechanism. Subsequently, she explored the platform's福利中心 (Welfare Center) and found that participating in various reward activities through trading volume could yield rich returns like USDT and futures experience funds.
She specifically mentioned two activities that impressed her deeply: one was the trading volume lottery, and the other was the trade-to-get-gold activity. In the trading volume lottery, Judy successfully obtained futures experience funds worth a five-digit figure through nearly $100 million in trading volume.
In the trade-to-get-gold activity, she even received a gold prize of 30+ grams. Through these activities, she not only increased her trading income but also fully utilized the incentives provided by the platform, achieving greater returns in a short time.
Why Choose Bitget?
Actually, Bitget wasn't Judy's first-choice platform initially. Because Bitget was often attacked by critics, she didn't have high expectations. Once, when she was looking for an altcoin futures pair and found the opening amount restricted on other platforms, she tried depositing a sum after discovering that Bitget also had that trading pair.
After researching, she discovered that Bitget actually has many advantages. For example, its futures varieties cover almost 80% of altcoins, allowing all trading needs to be met on one platform. Its comprehensive fee rate is relatively low among mainstream platforms, reducing trading costs.
Furthermore, Judy is particularly satisfied with Bitget's low slippage. She had encountered excessive slippage on other platforms, which often affected stop-loss and take-profit execution, hindering her trading strategies. Bitget's extremely low slippage ensures more precise trade execution, greatly improving trading efficiency and success rates.
Additionally, Bitget's VIP reward system also left a very good impression on her. After her upgrade, a customer manager contacted Judy, offered to send a peripheral gift box, and provided exclusive 1V1 service, answering various questions about trading and offering more convenient support. It also gave her the opportunity to participate in more offline events and platform benefits.
Bitget's reward mechanism "allows users to participate in some activity-like, prize-giving events during boring trading process," providing an additional增值 (value-added) experience beyond trading and further increasing returns.
Replicable Underlying Logic
For ordinary traders with smaller capital, replicating Judy's success story might not be easy. After all, each trader's style and strategy are different, and successful trading methods cannot be completely copied. However, Judy believes that Bitget's reward mechanism is highly replicable. As long as traders can continuously accumulate trading volume and actively participate in the platform's activities, anyone has the opportunity to gain rewards and even achieve their own breakthroughs.
She suggests that new users focus more on the platform's reward activities. For example, participating in activities like the trading volume lottery and gold rewards can not only bring extra income but also make the trading process more fun and motivating. Through these activities, ordinary users can find their own advantages and breakthrough points on the platform, thereby improving trading efficiency and returns. The key is how to reasonably utilize these opportunities, not just relying on market fluctuations for profits.
"Trading success is not just about making money, but also about how to control risks and diversify investments."
Judy's advice to new traders is very clear: learn position management, avoid over-concentrated investments, and ensure you always have capital left to make a comeback. Successful trading relies not only on market fluctuations but also on the ability to analyze rationally, adjust mindset, and seize every opportunity.
She emphasizes: "Read more books, learn the trading techniques of masters, and extract strategies suitable for yourself." At the same time, she reminds beginners that they might as well use the experience funds and cash coupons provided by the Bitget platform. These tools can help reduce trading risks, allowing beginners to accumulate experience in practice and gradually find their own trading path.
Judy believes that the best traders are not simply market winners but those who can remain calm in risk, continuously learn, and gradually advance.
