Source: Binance

On July 18th, the seasoned trader known for his speed and sharp insights, ThankUcrypto (@thankUcrypto), walked into Binance's Chinese Crypto Radio live broadcast room and had his first in-depth conversation with the host Sisi (@sisibinance) about his transformative journey beyond the rankings.

He once saw his investment dwindle to just $1,700, teetering on the edge of despair, but managed to turn it around with a bold move using $10,000 to recover his million-dollar portfolio. He also found himself lagging behind in a competition but quickly adjusted, turning his -40% return into a remarkable 150%.

In Binance's leaderboard of copy traders, his name shines as a legend - "ThankUcrypto." As a star copy trader on Binance for two to three years, "ThankUcrypto" consistently maintains a following of 1,000 people and has recently topped the leaderboard of followers' profit and loss. Those who followed his trades have made over $1.5 million in three months. Many have achieved financial freedom by following his lead.

There's no foolproof strategy or belief in mystical trading. Many believe that holding the top spot in copy trading either involves having insider information or simply relying on luck. However, after hearing ThankUcrypto's story, you'll discover that he resembles more of a battle-hardened commander forged repeatedly in the flames of the trading battlefield: staying calm, waiting for the right moment, striking with full force once the signal appears, and, most importantly, always reflecting a bit more and having a safety net of "fans first." This is the most profound impression "ThankUcrypto" leaves on people.

By looking at the outcomes alone, one might think it's a result of overwhelming talent. But if you knew about the sleepless nights monitoring the charts and the dawn of the day of reckoning, you'd understand that the title of "Copy Trading King" was earned through countless painful lessons of losses, gradually forged through discipline.

How exactly did he climb his way to the top of Binance's copy trading leaderboard?

Part One: Plummeting to the Abyss - From the Heights to the Depths

ThankUcrypto's trading journey started differently from most. He tasted incredible success early on, only to swiftly plummet into the abyss.

He was not inherently cautious. In the early days, his scalping trades revealed extraordinary talent. With an initial $3,000 investment, he made nearly $1.4 million on the first price rally, a whopping 470x return, akin to a myth.

Unfortunately, the market's cold shower was swift and harsh. Several consecutive losses caused his account to shrink like an avalanche, hitting a low of a mere $1,700.

"I suffered such heavy losses because fundamentally my stop-loss wasn't aggressive enough," he admitted candidly during the livestream. At that time, he often went against his own established strategy, always holding onto a glimmer of hope in his heart, thinking that "one more gamble could turn things around."

"I truly hit rock bottom in terms of losses; any further loss would have completely wiped me out. It's that kind of 'pain' that truly leaves a lasting impression. When a person experiences this loss 'pain,' many issues can only be truly resolved."

This reset, while lacking any dramatic plot twists, was nevertheless the most crucial turning point in his trading career. It completely shattered all remnants of his hopeful psychology, teaching him to respect the market, to cautiously approach each trade, and to strictly adhere to his plan.

II. Counterattack: Two Textbook-worthy Comebacks

When the market stripped him of everything, all that remained was the discipline he had honed and a clearer mindset. After this transformation, the 'Night Eagle' scraped together $10,000 and embarked on his journey of redemption.

The first redemption came in the epic battle of BCH.

During that time, the Ordinals' rune plate was in a frenzy, with market sentiment running high. He keenly observed that after BSV surged by 20%, BCH, which also belonged to the POW concept and had broken through a key psychological price level, had significant room for a rally. Without hesitation, he leveraged 5x long and accurately captured over a 40% price increase.

This single trade propelled him from $10,000 to $1 million, truly validating how crucial the trading discipline he had established after the 'painful lesson' was.

The second redemption came in a mega trading competition held from April to May this year.

At the start of the competition, due to continuously 'betting on breakouts' in a choppy market, his ranking initially plummeted, with a woeful -40% return. Instead of blaming external factors, he promptly paused to review, realizing that a major strategy overhaul was necessary.

From this experience, he distilled several key insights:

Understanding the essence of the market: He suddenly realized that the market in April was fundamentally a choppy one, not a trending market. His previous insistence on the 'breakout' strategy had completely misjudged the direction.

Seizing key signals: When ETH suddenly surged to $1800 on high volume, he determined that the choppiness had ended, and a trend had emerged! Acting decisively, he quickly brought his returns back into positive territory.

Reading market sentiment: He noticed that with ETH's rise, many sidelined investors holding USDT were getting anxious. He deduced that this hot money would definitely flow into the altcoins that hadn't yet surged.

Swiftly Seizing the Opportunity to Supplement the Rise: Based on this judgment, he decisively entered popular meme coins such as MOODENG and PEOPLE with his fans, accurately capturing the mini altcoin bull market in May, lifting the ROI from the abyss of -40% to the peak of 150%.

One time, he seized the deterministic opportunity of mainstream coin breakout, and another time, he precisely sniped at altcoins to supplement the rise during the bull market sentiment. These two battles perfectly exemplified his core strategy: patiently observe, wait attentively, and strike hard when the time is right.

III. The Way of Trading: Speed is the Gut Feeling After Deliberation

Opportunities in the market come and go in the blink of an eye. What is the key to seizing it? The "Patient Hawk's" answer is simple yet powerful: "Speed is speed."

When he says "speed," it is not recklessness, but decisive execution based on deep thinking. He gradually abandoned blind faith in a single technical indicator and developed a flexible strategy centered on "risk control."

He likened trading to driving an F1 race car: "You must step on the gas pedal to accelerate on the straight, and you must brake to slow down on the curve." A bull market is a straight, a golden period for decisive attacks and amplified gains; a bear market or sideways market is a curve where you must slow down, firmly controlling the risk.

The leverage to use, how to allocate positions, all depend on the market situation. He may use 10x leverage on Bitcoin, but strictly control it to 3-5x on highly volatile altcoins. Where to set stop-loss, how to scale in positions, how many batches to enter—all operations revolve around one core principle: within the risk tolerance range, strive for the greatest probability of success.

He also uses Binance's "Smart Money" tool to find clues, observe whale movements, and combine fund flows and candlestick patterns to assist in judgment. It is these solid preparations that give him the confidence and reassurance in his "speed."

IV. The Essence of Leading Trades: Never Profit from Fans' Hard-Earned Money

In the field of copy trading, filled with a color of "zero-sum game," what is most admirable about the "Patient Hawk" is his steadfast belief: "Not profiting from fans' money."

He admits that in order to give users copying his trades sufficient response time, even if the market has already risen by 20% in the short term, he will deliberately wait an additional 1-2 hours before exiting, letting the fans exit first.

"I try my best not to profit from fans' money; this is the fundamental reason for gains and losses. If I profit from fans' liquidity, my reputation will be tarnished, so I would rather wait a little longer."

This seemingly "disadvantageous" approach has earned him massive trust. Some followers copied trades with only $100, and in one altcoin rally, they unexpectedly earned $21,900, a 220x return. These real "chicken to phoenix" stories are the best reward for his trading philosophy and character.

This perseverance not only helped him earn money, but also won the hearts of many, ultimately allowing him to claim the top spot on the Binance copy trading list.

Five, Survivor's Instinct

Outsiders see a "HODLer" and only perceive the halo of being at the top. But he himself knows deeply that all of this stems from a reverence for the market and a delicate control over risk as if walking on thin ice.

When discussing the current market situation, he believes that the "altcoin season has just begun, and now is far from the last wave of the bull market." There may be a pullback ahead, but that is precisely the opportunity to get on board.

Speaking of his recent trades, he shared a case study of trading SUSHI: among a bunch of DEX coins, he noticed that SUSHI had risen the least, and retail investors were hesitant to chase it, indicating that whales had not exited yet. So he led his followers to buy in at a low point, successfully "wiping out" the short sellers and making around $218,000 for himself.

This case once again demonstrates his acute sense as a market "survivor": finding opportunities where others panic and perceiving risks before others become greedy.

He was not a natural-born winner. Massive losses, hitting rock bottom, and facing scrutiny, he has experienced it all. However, it was precisely two earth-shattering comebacks that propelled him to the platform's peak. What's even more rare is that he did not keep his experiences to himself but, through public sharing, turned this valuable knowledge into a guiding light for many on their path forward.

Six, Insights Forged Through Endurance

"HODLer" says that his trading style was honed through countless battles of losing and winning money, and everyone's system is different. However, he firmly believes that some principles are universal, such as basing trades on signals, where indicators like Bollinger Bands, moving averages, and candlestick patterns are fundamental, and cultivating the habit of always setting a stop-loss before opening a position, which is more important than anything else. Furthermore, maintaining a stable mindset is crucial; when losing money, never hold on stubbornly. These are very simple principles, but they are easier said than done.

Additionally, regarding bull and bear strategies, "HODLer" believes, "You must step on the gas pedal on a straight road and hit the brakes in time before a curve."

This statement is his advice to everyone, and it is also the foundation of how he reached his current position.

Important Note:

This article is only for industry trend discussions and personal experience sharing, not investment advice. The views in the article represent the author's personal opinions and are not associated with the platform's stance. The content does not constitute any investment, financial, legal, accounting, or tax advice, and it does not represent a recommendation, offer, or solicitation to purchase any digital assets (including stablecoins and NFTs). Digital asset prices are highly volatile, and the risk is extremely high. Before making investment decisions, please carefully assess based on your own situation. If you need professional advice, please consult your legal, tax, or investment advisor. Readers must understand and comply with the laws and regulations in their respective jurisdictions and bear the risk on their own.

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