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 have been trading in the crypto space for years, and the trajectory of their account balances often looks like this: excitedly entering the market → frequent trades → continuous shrinkage → finally retreating. The real issue isn't about skill or luck, but a often overlooked fact: holding onto profits is far more difficult than earning them.
I know a practitioner who used to trade more than ten times a day, but was later forced to limit to a maximum of three trades per week. What was the result? After three months, not only did they stop the consecutive losses, but their account also grew by 30%. This transformation is quite representative.
Why is high-frequency trading actually a killer?
**First, invisible costs are everywhere**. Transaction fees and slippage for each trade seem insignificant, but over months and years, these costs can eat up 20% or more of the principal. It's like cutting meat with a dull knife—small cuts, but frequent ones can be deadly.
**Second, true profits come from a few trends**. There's a saying in the industry: 80% of gains come from 20% of the market movements. Frequent traders tend to exhaust their energy in choppy markets, missing the main upward waves. Those who can resist the urge to overtrade often capture the most complete gains.
**Third, emotional decisions are wrong eight out of ten times**. Judgments made in anxiety are rarely successful. I've seen too many people—rushing to add positions when the account is rising, panicking to cut losses when prices fall, resulting in the classic chasing highs and selling lows. Replacing impulsive decisions with pre-set rules can help break this cycle.
So, how can you achieve stable profits?
**Focus your main position on the weekly level**. Take BTC and ETH as examples: wait until the daily chart stabilizes above the 30-day moving average before gradually building positions, and discipline yourself to reduce holdings when breaking key levels. Don't try to guess the top or bottom; just follow established trends.
**Mechanical execution of take-profit and stop-loss is essential**. Take partial profits when gains reach 20%, and decisively exit when losses hit 5%. Writing these numbers down on paper is a thousand times more reliable than relying on intuition.
**Regularly withdraw profits**. When your account grows by a certain amount, say 30%, withdraw at least 10% into your wallet. Only money that has been truly taken out is truly yours.
Finally, this might be a tough truth: the market won't reward you just because you're working hard; it only cares about whether your decisions are rational. Those who seem slow or even a bit "clumsy" in holding positions often end up as winners.
Next week, try a small experiment: only make two trades. Before each trade, ask yourself sincerely—does this signal justify risking 10% of my capital? If the answer isn't a clear "yes," put down your phone and wait for the next opportunity. You'll be surprised to find that doing less can actually earn you more.