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
Having been involved in the crypto world for 8 years, my account finally grew to 6 million. Honestly, it's not because I'm particularly clever, but entirely due to the lessons learned from losses.
Take the RVV coin as an example. In the early days, I operated blindly, throwing in over 200,000 yuan just to pay tuition. Since then, every seemingly simple trading rule I follow is backed by real money and hard lessons.
When I first entered the scene, like most retail investors, I would get itchy whenever the market moved slightly. I was constantly watching RVV, frequently entering and exiting trades, either taking profits too early or getting liquidated outright.
After enough setbacks, I gradually developed 5 strict rules:
1. Only choose coins with historical price data, especially those like RVV where the monthly MACD shows a bullish crossover. Avoid those stagnant, sideways coins that look dead.
2. Only consider buying or selling when the price retraces to the 60-70 day moving average. When the price touches this level with moderate volume, it's a good opportunity to add positions. If it falls below, you must exit immediately, no matter how reluctant.
3. Take profits in stages. Sell half when gains reach 30% to lock in profits, and reduce some positions again at 50%. Greed often leads to big losses if you try to squeeze the last bit.
4. If the 70-day moving average breaks, exit the position. This rule has saved me countless times from deep losses and forced me to hold on.
5. Never engage in flashy, complicated strategies. The ones that last are always simple rules that are easy to stick to.
That's how the crypto market works—more complicated strategies tend to lead to more pitfalls. The ones who can truly go the long haul are those who stick to straightforward, honest rules.
Rather than dreaming of a big turnaround, it's better to stick to principles and wait for opportunities. Patience will eventually be rewarded by the market. My current steady gains are actually the result of these hard-earned lessons.