A pseudonymous trader has shared a story of turning one of the market's worst wipeouts into an inspiring comeback by recovering from a $400,000 loss with narrative-driven spot investing.
What Happened: In a detailed post shared on X on July 29, trader Dyme chronicled his journey from being a "top signal" in 2021 to reaching portfolio all-time highs in 2024.
His initial rise came from turning $4,000–$5,000 into $40,000–$50,000 by buying FTX Token (CRYPO: FTT) tokens at $2–$4 on FTX during its parabolic rise.
At his peak, he held over $250,000, riding momentum in FTT, Solana (CRYPTO: SOL), and Bitcoin (CRYPTO: BTC), often using 10x–20x leverage. "Some days, I'd wake up $40,000 richer. Other days, I was down $20,000," he recalled.
But the 2021 market reversal hit hard.
Overtrading and forced entries wiped out his capital.
By early 2022, Dyme had lost two-thirds of his wealth, and estimates his total losses across platforms surpassed $400,000.
Left with just $8,000–$10,000, he had to sell physical items to make rent, with family stepping in to help.
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The Comeback: Spot-Only, Narrative-Focused Investing
After a full reset in 2023, Dyme re-entered the market with a completely new strategy—no leverage, spot holdings only, and strong emphasis on macro narratives.
He deployed his grandmother's inheritance to buy Bitcoin at $25,000 in August 2023, converted his Roth IRA into GBTC just before spot ETF approval and did not withdraw principal but strategically took profits along the way.
His new approach focused on confluence-based entries, smart position sizing and aggressive profit-taking in euphoric moments.
His portfolio included successful trades in ARM, Coinbase Global, SPY, SOL, Dogecoin (CRYPTO: DOGE), and select meme coins.
Small wins snowballed into bigger ones: "$10,000–$20,000 wins became six-figure wins. That's the power of compounding."
Dyme emphasized that his largest returns came from meme coins—but only with very small position sizes.
"Bet small, win big. I turned 1–5 SOL into 40, 50, even 100 SOL on a few trades."
Still, not every trade was a winner.
He shared that he “round-tripped” $100,000 on meme coins but kept the loss manageable because of strict risk controls.
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