🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
How to put it, I am actually very eager for stable profits. After a few days of engaging in lead in copy trading, my fren can see that my operations are full of flamboyance. I have been trading for 6 years, having dealt with stocks, futures, and Bitcoin. I entered the market in 2019, and at that time, I was crazy about short-term trading. I don’t like long term, I enjoy the thrill of explosive profits. It is well known that having this mindset and behavior is highly likely to be brutally punished by the market. Yes, when I first entered the market, I was dazzled by it and received a harsh lesson. But my naturally competitive character has made me suffer too much loss in the trading market, so I have been continuously adjusting. Here, I want to tell everyone that trading skills are actually not that important; the most important thing is: trading discipline!
Of course, it is the same now. I am still a short-term speculator, and I rarely hold positions overnight, or rather, I almost never hold for more than a day. I believe that with a winning percentage and stop-loss points, I will thrive in this market. So far, it seems I am right.
Let's talk about the slightly out-of-control situation yesterday. The plan was to short first, then long, and then short again tonight. This is something I had planned a few days ago, and I knew what trades to make at that position. After all, watching the market for over 8 hours a day is not a joke.
The loss of control was because, on Sunday night, my intention was to short below 117800, as that position was a crucial support point for the upward movement! In the end, it didn't go down as I expected, and I went long instead. That day I made profits on more than 20 short positions! This gave me an arrogant feeling, and I thought 119500 was about right. However, as the price slowly rose, I felt fear, realizing that I had missed the planned trade. If I had secured my positions in Ethereum and Bitcoin that night, even if there wasn't a price drop in the morning, I would have entered long positions. Coupled with the strategy from that evening, I would have likely doubled my profits! Fortunately, the strategy I devised that night was also correct, and I closed all my profit-taking orders at 118200 within a few minutes, waiting for a short entry at 118800. In fact, after closing my shorts at 118200, I felt completely calm, and the next step was to make a huge profit. The market was as obedient as my girlfriend before hitting her rebellious phase; the five short positions rolled over allowed me to surpass yesterday’s profit, reaching 400 dollars. I am very poor, and I believe every dollar is worth cherishing, but when it’s time to cut losses, I will do so without hesitation. In the end, I also took 5 short-term positions; I felt comfortable yet fearful. What I need is stable profit. The operations from yesterday will help me avoid similar situations in the future because the same price at the same level, along with the expected developments, can lead to a different mindset. Additionally, just to mention, during the day, the stop-loss level for Bitcoin was at 120300. If it really reaches that position, I will cut losses without hesitation! I will not allow myself to make the same mistake consecutively.
I will keep working hard in the future, frens, please cheer for me!
Attached image