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
In this industry, being smart can actually lead to losses. I have been trading for six years, and my deepest realization is—those who truly make money never rely on clever tricks, but on discipline and patience.
In the winter of 2018, I jumped into the crypto world with a lucky mindset. Within three months, I was completely wiped out. That heavy loss taught me a lesson: this place isn't short of geniuses, but it does need the "fools" who can stick to it.
Over these six years, I’ve seen too many myths shattered. In fact, those who use the simplest methods often end up laughing last. Today, I share six ironclad rules derived from real money and experience. They seem simple, but each one comes at a cost.
**Rule 1: Don’t panic sell during rapid rises and slow declines**
The price surges quickly and then gradually falls back. Many people panic when their floating profits shrink. But this is often a market maker shaking out weak hands.
During the Ethereum surge in 2019, I almost sold at the bottom. Only later did I understand—the real danger signals aren’t slow declines, but sharp drops immediately after a straight-up rally. That’s a trap to lure more buyers. Market makers are masters at creating panic. When you see profits evaporate, you naturally want to lock in gains. But this impulse often hands over chips to the market makers.
**Rule 2: Don’t buy the dip during sharp declines and slow rebounds**
After a flash crash, the price slowly bounces back, seeming like a bargain. But it’s very likely the last wave of distribution. I call this the "market maker’s final moment to distribute chips to fools."
During the 2021 Dogecoin rally, many shouted "it’s fallen through the floor" and rushed in to buy the dip. But… Although these lessons sound cliché, those who persisted ultimately made profits.