This morning, I directly started with long positions, and gold kept rising to 4500 before I took action. As the market top signals became increasingly clear, I immediately reversed and went short, ultimately successfully earning a profit of $7600.



To be honest, there is no such thing as perfect trading in the market. Wrongly judging the direction is not really the problem; the real issue lies in mentality—some people know they are losing but still hold on stubbornly, always hoping for a rebound to recover their losses. This kind of luck-based mentality is the most dangerous. The recent $ETH market is a typical example; if you don’t understand, you must dare to cut losses. This is the fundamental skill to survive long-term in the market.
ETH-2.2%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
fren.ethvip
· 01-07 08:58
$7,600, right? It's another person's story... But what he said about stop-loss really hit the mark; how many people die because of mere luck.
View OriginalReply0
UnluckyLemurvip
· 01-07 08:52
That's right, mindset is really more important than technique. I've seen too many people stubbornly hold on without cutting losses, only to end up liquidated.
View OriginalReply0
RadioShackKnightvip
· 01-07 08:41
Did you just spend $7,600 like that? I need to learn this kind of stop-loss courage.
View OriginalReply0
SignatureCollectorvip
· 01-07 08:38
Did you get a 7600 order so easily? I feel like I'm just fake trading haha
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt