3500W+ losses mostly from money earned by luck, compensated by skill.
What I am about to say is all my personal experience.
I used to work in the gray area of the internet. In 2019, I was lucky to find a project that could earn over 10,000 a day. Money came in quickly, coinciding with the pandemic and the massive liquidity in the US market. The US stock market kept soaring, and I gradually deposited 327769 dollars through my HK account and 222967 HKD.
At that time, benefiting from the massive liquidity in the US stock market, the three new energy giants NIO, Xpeng, and Li Auto surged right after their listings. I gradually invested, only buying NIO, with an entry price rising from a few dollars to over thirty. My final average cost was 17+. During this period, I did not use leverage until my total assets reached 10 million RMB.