New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
Many people in the crypto world have encountered the same problem—after earning just 1,000 on a 20,000 principal, they immediately want to cash out completely, only to watch the market surge all the way up, and end up full of regret.
Actually, this isn't because the market isn't strong enough; the root cause is a blind spot in trading mindset. Being controlled by the psychology of "sell at small profits" is like being trapped in a cycle.
I've been there too. When my account gains 3% or 5%, my fingers start to itch, afraid that the unrealized gains will disappear with a turn, rushing to close positions and lock in profits. But what really makes people uncomfortable is never the loss itself, but the regret when those coins rise 40%, 70%, or even double after selling.
Even more ironically, when the market turns bad, the attitude reverses—people start to hold stubbornly, the more they lose, the less willing they are to cut losses, waiting until the account shrinks to a mess before being forced to admit defeat. This is a pitfall most beginners fall into.
Once, I heavily invested in a new coin that was hyped up to the skies, full of dreams of getting rich, only to see 80% evaporate in 7 days. That moment made me realize that many black horses praised to the heavens eventually turn into black holes that swallow your principal.
Since then, my trading mindset has completely changed: I give up those conceptual stories, no longer gamble on overnight riches, and only focus on mainstream coins that have fallen to reasonable levels. Some say mainstream coins lack imagination, but I think this is a solid choice.
I never try to guess the bottom; I only use small positions to test the waters. If something feels off, I treat it as spending a little to gain experience, and immediately step back—there's only one bottom, but pitfalls are everywhere. When a coin rises, I take out my principal first; the remaining unrealized gains are left to the market to fluctuate. When it goes up, I feel happy; when it drops, I can still sleep peacefully.
Over these years, witnessing many ups and downs in the crypto world, I truly understand that those who can sustain profits share a common trait: a steady mindset and only eating big swings.
If you're feeling a bit lost in the current market, it might be time to adjust your direction. The pitfalls I've experienced and the methods I still use are shared here for like-minded friends. Take it slow, no need to rush.