Here's a harsh reality: among the 2 batches of top signal providers I simulated, 80% faced liquidation, and less than 10% made a profit. The key lies in the top signal providers.

Last year, after my model was developed, I went from 500 yuan to trading 10,000 yuan. During my first signal, the drawdown was minimal, not exceeding 5%, and within 2 months, I doubled my investment, placing high on the leaderboard (with a Sharpe ratio close to 5). In just three days, the number of followers surged to 200, and at that time, I was a bit overly excited. Considering liquidity, slippage, and fees, I switched from trading BTC, ETH, SOL to DOGE. Then, one day, coincidentally on Double Eleven, Dogecoin surged. My short position failed, and with less than 1.5x leverage, I lost over 70%. The profit curve plummeted in a day, and thereafter, most followers withdrew. I myself also struggled for 2 days; I really couldn't enjoy food. For the first time, I saw success within reach, only to be knocked back into losses. This year, I observed 2 batches of signal providers, all top players, and the outcomes were truly worse than expected, not to mention for beginners.