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Many people have been struggling for half a year without earning 5000U. Actually, the problem is not the lack of opportunities, but the skewed mindset.
Let's start with small capital situations. If you only have around 1000U, don't rush to go all-in. Instead of frequent trading, wait. When the market truly arrives, a single main upward wave could yield half a year's profit. Trading is like hunting—if you don't see the prey, don't shoot randomly. Wasting bullets and patience is not worth it.
Here's a common pitfall many fall into: your profit ceiling is your cognitive ceiling. So before risking real money, practice on a demo account. The money lost on the demo is actually tuition, helping you survive longer in real trading.
Now, let's look at the logic of good news. If there's no rally on the day good news is announced, be cautious. The next day’s gap-up often signals a distribution window. Many hesitate and end up getting trapped.
Holiday cycles also need attention. History shows that market sentiment tends to change before holidays. At this time, reducing positions or even staying completely out is the most rational choice.
The pitfalls of medium to long-term trading are even deeper. Don't think holding your position means winning. You need to learn to sell high and buy low at appropriate times, and operate in a rolling manner. The illusion of holding from start to finish is tried by 80% of people, and the results are always the same.
For short-term trading, choose actively traded assets with obvious volatility. Avoid coins with no trading volume. Those coins only waste your time and hurt your mentality. Reading K-line patterns is crucial—slow rebound after a decline, quick rebound after a sharp drop. Understanding this is much more important than predicting price movements.
Regarding technical analysis, the 15-minute K-line combined with the KDJ indicator is very helpful for short-term judgments. But don’t get overwhelmed by indicators. Master one or two methods that suit you, and stick to them. Doing so is far better than trying ten different techniques and doing none well.
The most important point: if you make a mistake, admit it quickly and cut losses strictly. As long as your principal is still in your hands, the market always has a chance to turn around. Staying alive is the top priority in trading.