Recently, the Crypto Assets market has witnessed astonishing trading cases. A well-known trader turned a Position of 4.6 million USD into 15.9 million USD in just 2 days, netting a profit of 11.3 million USD. This success stemmed from his change in previous trading strategies.

Previously, this trader often missed good opportunities due to overconfidence. He was accustomed to increasing his Position after opening a position when faced with significant price increases, causing the leverage to rise to dangerous levels. As a result, even a slight fluctuation in the market would turn his substantial floating profits into nothing, and he could even incur losses on his principal.

The most typical example occurred in mid-July this year. At that time, he had accumulated a floating profit of up to 41.7 million dollars on his Bitcoin long Position. However, due to the failure to take profits in time and continuously increasing the Position, a slight pullback at the end of the month not only caused him to lose all his profits but also resulted in a loss of 5.2 million dollars in principal.

The success of this transaction marks a potential positive shift in his investment strategy. However, it is worth noting that even after this considerable profit, his overall losses still amount to 28.7 million dollars, which is a reduction from the previous loss of 40 million dollars, but remains a significant figure.

This case once again proves the high-risk nature of the Crypto Assets market, while also highlighting the importance of timely profit-taking and risk management in trading. For ordinary investors, this is undoubtedly a lesson worth contemplating, reminding us that while pursuing high returns, we must also cautiously manage risks to avoid excessive greed leading to losses.