Original | Odaily Planet Daily ( @OdailyChina )

Author｜jk

A month ago, the owner of Odaily Planet Daily, on a whim, decided to give everyone willing to participate 200 U starting capital. They were then allowed to trade freely for two weeks, from September 15th to 30th, to see who could generate the highest returns. This "200 U God of War" challenge offered no restrictions—contracts, spot trading, meme coins, local dog stocks, and even staking based on annualized returns were all acceptable. Twenty participants, each with their own small ambitions and big dreams, embarked on this financial (and speculative) adventure, destined for drama.

Unfortunately, our trading competition was timed to avoid all the recent market fluctuations: Aster, Binance Life, and the October 11th crash. While it's hard to say whether this was a good or bad thing, it did allow us to glimpse the world of secondary market trading amidst the (normal) market conditions that prevail 99% of the time.

By deeply observing this competition, we have come to the conclusion of several harsh truths about cryptocurrency trading:

• Even if there is no big market trend, high returns are not impossible. The returns of the top three colleagues are 9 times, 4 times and 2.5 times respectively;

• 80% of the time, everyone only makes a small profit or a small loss; 20% of the time, it is the real watershed that makes the difference between winning and losing. Whether it is a huge profit or a loss, it is often just the result of a few key operations;

• Those who can make money are always a minority. Out of 20 people, only 6 can ultimately break even. The boss has regretted this several times in the office.

Next, let’s step into the inner world of these traders and see how they write their own legendary stories (or tragedies) in this money game.

Group portrait: How editors lost all their 200u

There was the man who lost all his money the fastest on Odaily, @Golem. On the first day, he was so addicted to the Pumpfun live-streaming token that he was successfully seduced by the live-streaming streamers. As a result, his position dropped 60% on the first day. The next day, he angrily shorted Pump and made a lot of money back . However, after tasting the sweetness of shorting Pump, this guy started looking for similar currencies and turned to shorting Aster... Everyone knows the rest of the story.

There is an editor @Ethan who focuses on only one coin, Merlin. He made a small profit on three Merlin long positions. However, when he wanted to short Merlin, he was taught a lesson by Merlin and only had 50U left to transfer back to his boss .

Our editor-in-chief @方舟, who took a different approach, was determined to make a name for himself in the US stock market. Initially, he traded US stock tokens, including Pop Mart, Nvidia, Tencent, Alibaba, and the Nasdaq Index. However, due to his low position, he only earned 10U . On the penultimate day, he felt it was too stable, so he went all in on XPL to surpass the second-ranked BC, but unfortunately, his position went bankrupt.

Our deputy editor, @秦晓峰, has embodied the crypto world's Su Shi style, experiencing both ups and downs , simultaneously trading long and short positions in multiple currencies and options. He went long on F and ZKC and bought various put options. He lost half his principal in just two days; however, a day later, he recovered his investment in ETH contracts. On the 19th, put options pushed Mr. Xiaofeng's position down to 70u again, but he recovered his principal by going all-in on FF long contracts. However, a few hours later, just before the deadline, a sudden pullback wiped out his principal again.

Of course, there is also @Wenser, an editor who focuses on the Polymarket prediction market track and gold spot. He used his rich e-sports knowledge to repeatedly compete in the League of Legends game-related market on Polymarket and got 140u+. At the same time, he went long on gold and finally ended up with a position of nearly 400u.

Of course, the most exciting thing is the top three in our trading competition. Let’s review how they made money.

First Place - BMer (@Bmer_19): Even without any major meme or market fluctuations, he still managed to achieve a 9x return in 15 days.

CMO BMer's trading career was exceptional from the outset. On her first day, she simply bought one lot of XPIN and profited a whopping 235 units, boosting her capital from 200 units to 435 units. Over the next few days, she continued this impressive run, earning another 210 units through swing trading (TST), bringing her total capital to over 600 units.

In the following days, BMer gained and lost in the operations of various contracts: Eigen +57; TST -153; SUN +120. On September 22, the total funds were fixed at 632U.

The real turning point came on September 23rd, when BMer encountered an unexpected surprise. She had forgotten to close her HEMI position , and combined with her swing trades on 0G, this "accident" caused her profit to skyrocket to over 600 units that day, doubling her capital overnight to 1212 units.

From this point on, BMer seemed to have found the secret to wealth, especially with XPL becoming his cash machine. Starting on September 26th, BMer began trading various XPL contracts, netting 800U.

Part of the XPL contract made by BMer teacher

Finally, on September 27, through the combined operation of the contracts MIRA and XPL, she earned 362U in a single day, and the total funds reached 2221U, achieving an astonishing profit of more than 10 times.

Looking back, BMer successfully achieved a 9-fold profit, and the final position was fixed at 1778 USDT, and he deservedly won the first place in this trading competition.

Second place - BC Brothers (@bcxiongdi): Success and failure due to meme, ended up 4 times

BC Brothers' trading, which included numerous memes, had a flawless start to his trading career. With his keen market sense, he shorted AVNT on the first day , easily pocketing a profit of 160 units, nearly doubling his initial position. Despite this strong start, he remained calm and opted not to trade the next day, later adding, "It was really just the cooling-off period, so there was nothing else I could do."

Over the next few days, BC displayed textbook trading skills. His trading records included:

1. I went all-in on jobless and finally broke even, only making 5U profit but successfully avoiding losses.

2. Go long on TWT and earn 19U. Go long on TUT for the second time and earn 106U.

3. Another 129U was deposited through various contracts, and by September 22, the funds had rolled over to 621U.

4. On September 23, he accurately shorted UXLINK, making a huge profit of 212U in a single day, and his funds exceeded the 800U mark in one fell swoop.

5. September 24th was a stroke of genius, with Aster and Bless's combined attack allowed him to earn 470U.

In less than ten days, he achieved a return of more than 6 times, and the total amount of funds reached 1322u.

However, on September 25, he started to become a little aggressive. He bought the bottom of GAIN with 100U but only earned 80U, so he sold it out directly.

The turning point came on September 27th. His cumulative contract losses amounted to 1,386U . Although he made up for the losses by earning 400U through Light spot trading, the single-day loss of 986U caused his funds to retreat to around 500U.

On September 28, he seemed to have regained his form, making a huge profit of 839U through the Trillions band and other XPL memes, and his funds exceeded 2000U again.

BC brother successfully copied Trillions at this position

However, two days before the deadline, on September 29th, he began trading contracts: he lost 1,000 units on XAN contracts and 500 units on Sol. In just a few hours, his peak of 2,327 units fell back to 827 units. His high-multiple contract trading record saw his profit drop from over ten times his capital to four times.

From 200U to 2327U and then to 827U, Brother BC staged a complete trading tragedy and comedy in two weeks, from being firmly in first place to being in second place.

Of course, this is already better than many of the remaining people.

3rd Place - Jerry: A thrilling journey as a young player, from nearly going bankrupt to finishing third overall

Jerry's trading career did not start smoothly. On the first day, he lost 30U by "200U OKB betting". In the following days, his losses were reduced to 100U. He chose not to perform any operations for four consecutive days and just lay there motionless.

However, just when everyone thought this brother was going to lie down completely, he suddenly sent a screenshot to the group:

Jerry's career turning point

On September 20, he was fully revived. Not only did his capital recover to 500U (we only calculated the effective capital in proportion based on the initial 200U), but he also began his BSC PVP legendary journey.

On the 23rd, he continued to be a loyal p-boy in BSC, claiming that "the biggest thing he got was Forgiveness" . This wave of operations made him earn a profit of 2.5b to 5b in market value. The screenshots posted in the group showed that he earned about 5 times the profit.

In the days that followed, Jerry completely immersed himself in the crazy world of the BSC meme. He continued playing PvP, primarily winning ROSE, cster, wrinkles, and other tokens, steadily increasing his funds to 600U. But the meme world is full of surprises. On September 25th, a project called Sink caused him to suffer his largest single-day loss, a loss of 1,000U.

However, Jerry had clearly found the secret to surviving this frenzied market. On September 29th, he resumed trading BSC and Alpha, achieving a massive 1,200U rebound using BOODLE alone. Finally, on September 30th, he bottomed out at FF, losing a total of 900U, leaving his capital at 530U.

From 200U to a maximum of nearly 1500U and then to 530U, Jerry spent two weeks fully experiencing the excitement and cruelty of the BSC Meme world, and vividly interpreted "GMGN big stage, come if you dare."

Conclusion: In front of the market, we are always students

The two-week trading competition proved that technical analysis may be useful and luck is indeed important, but what really determines success or failure are often those seemingly simple but extremely difficult to implement principles: reasonable position management, timely stop-loss and take-profit, and maintaining a rational mentality between getting rich quickly and going bankrupt.

When the noise fades and the numbers return to zero, this small 200U experiment reveals the myriad manifestations of human nature in the face of money. Greed, fear, luck, impulsiveness—these primal emotions are infinitely amplified by the fluctuations of the candlestick chart. True wealth, however, lies not in those fluctuating numbers but in the ability, through such experiences, to gain a clearer understanding of ourselves, a better understanding of risk, and a reverence for the market. After all, "the market is always right, and we are always wrong."

Note: All records in this article do not represent investment advice.