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
The midnight phone alert rings again.
BTC moved another two points. You instinctively reach for your phone on the bedside table, and as the screen lights up, the sleepiness instantly dissipates—it's really just another fluctuation within that narrow range, but you've already fully woken up and can no longer close your eyes.
How many nights like this have you experienced?
**The key issue here: the cryptocurrency market never closes.** From Monday to Sunday, at 3 a.m., trading continues as usual, even on holidays. It sounds incredibly free, but in reality, it's a black hole of energy. How many people are like clockwork machines, mechanically refreshing F5, afraid of missing out on some "get rich overnight" opportunity with a single turn? But ironically, most people end up facing "liquidation overnight."
A typical example: a trader sets an alarm every two hours—including in the middle of the night. Sticking to this for a month, with no salary increase, losing a lot of hair, and their account shrinking instead. This isn't a joke; it's a very common phenomenon in the circle.
**Why do we become slaves to watching the market?** Behavioral economics offers an explanation: loss aversion effect. Simply put, people fear losing money much more than they enjoy making money. This is very evident in trading—after making some profit, they rush to close positions, afraid of giving it back; after losing, they stubbornly hold on, daydreaming about recovering.
This psychology is amplified infinitely in a 24-hour trading environment. Traditional stock markets at least have closing times, giving investors a chance to breathe. But the crypto world is different—24/7 nonstop. How can ordinary people have enough energy to grind it out?
**The most likely thing to drive people "crazy" is this kind of volatile market.** Prices fluctuate up and down, opportunities seem everywhere, but in reality, it's all an illusion. The most common phenomenon in such a market is: long positions get crushed, short positions get eaten by rebounds, and both sides lose. Frequent switching directions, frequent stop-losses, frequent regrets.
In the end, you'll find you're not really trading—you're being psychologically tortured by the market movements.
To be blunt—if you're currently addicted to watching the market, you're already far from "rational trading." True traders never let the market hijack them. They have clear trading strategies, strict stop-loss rules, and won't jump up in the middle of the night just because of a price fluctuation.
What about most retail traders? They are led by every ripple in the market.
**The root of the problem is actually: we underestimate the psychological costs of a 24-hour market.** Endless trading opportunities create endless anxiety. FOMO (Fear of Missing Out) is amplified to industrial levels in the crypto market. You could have been sleeping peacefully, but a price alert wakes you up in the middle of the night. You planned to only check for 15 minutes, but two hours later, you're still scrolling.
Your time, your sleep, your energy—these are the real costs.
If you must trade, learn to manage yourself. Not every fluctuation is worth reacting to, not every opportunity should be seized. Set a clear trading plan, stick to it strictly, rest when needed. Your opponent is the market, not your sleep schedule.
Stop being a slave to watching the market.