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
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I'm most afraid of people telling me "I’m optimistic about this coin," asking why, and the answers are often "I feel it will go up" or "Big V recommended it." That’s why most people lose money in the crypto market.
I remember when I first entered the market, staring at the candlestick charts every day, thinking I had discovered some pattern. But after three months, my account had shrunk significantly. It wasn’t until I reviewed over 300 real trades one by one that I realized a harsh truth — I wasn’t investing, I was gambling.
Today, I want to discuss three things from a practical perspective that might help you.
**First, the most common trap: guessing rise or fall mindset**
The biggest problem for beginners is turning trading into a probability game. They worry about whether the price will go up or down at open, then go all-in based on that prediction. But in reality, no one can predict market direction with 100% certainty. Often, when everyone is discussing whether a project is hot or not, its price has already fully reflected that hype.
My current logic is the opposite: first, determine if the trend is clear. If it is, then find an entry point. If the trend is unclear, I don’t act. Missing an opportunity is better than making a wrong decision. In short, it’s about certainty — don’t rely on gambling for excitement.
**Regarding leverage, I once took a costly lesson**
Using 10x leverage, a 1% price increase earns you 10%, which sounds very tempting. But a 1% decrease wipes out your entire position. Many people get wiped out here.
Now, before adding to my position, I ask myself three questions:
Is the current major trend clear? Is it rising, falling, or in consolidation?
Are there any major news or events recently that could change the market?
If I’m wrong in my judgment, where exactly is my stop-loss point? How much am I willing to lose before I must exit?
If I can’t answer these questions clearly, I won’t place an order. Leverage is essentially an amplifier — your correct predictions will be amplified, and your mistakes will be magnified.
**Finally, about mindset**
Crypto market volatility is indeed high; yesterday might have been paradise, today could be hell. But this is actually an advantage — as long as you have a system and discipline, others’ panic and greed become your opportunities.
That’s why I now pay less attention to technical indicators and focus more on process management. A set of rules, repeated consistently, can help you outperform most people in the long run. The most fair part of the market is right here — no shortcuts, only persistence.