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
I have seen too many people die on the "fast" track. The result of rushing is that in a year you earn less than you lose in a single liquidation.
Last year, I mentored a friend who started with only 1500U. No fancy operations, purely spot trading, low leverage contracts, refusing high leverage. In four months, the account steadily grew to 45,000U. The entire process was so dull it became a bit boring, but the account never experienced a significant drawdown.
The key is actually just two words—stay steady.
**First Trick: Start with multiple positions, don’t rush to build**
1500U isn’t to be used all at once; split it into three parts:
One part for ultra-short-term spot trading, quick in and out, cash out when seeing reasonable profits—don’t wait for the last piece of meat; one part remains idle, only to follow through when a valid breakout occurs during the main upward trend, during sideways days just close the software, don’t look at it and get annoyed; the last part stays completely still, as a safety cushion, ignoring even the most tempting market conditions—this isn’t conservatism, it’s ensuring that one mistake won’t wipe you out.
**Second Trick: Only trade with confidence**
Most of the time in the crypto world, the market is consolidating. During these times, trading is just giving away profits to the chives. Where is the real money to be made? After breaking through key resistance levels, riding the momentum.
After taking profits, immediately cash out half, and use floating take-profit orders on the remaining to chase more space. This both locks in the bottom line and leaves room for potential gains.
**Third Trick: Discipline beats everything**
When stop-loss hits, don’t hesitate or hold onto false hopes—cut immediately. After losing, never add to your position to average down—every time you do that, you’re doubling down on a bad decision, and in the end, you’ll only sink deeper. When profitable, the first reaction should be to reduce your position, let the money flow into your wallet, not to expect doubling.
Doubling small capital isn’t about brute force; it’s about this seemingly "stupid" execution. Some people can wipe out their entire capital in one night with the same initial amount, and the difference lies in whether you can consistently stick to these principles.