Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
What is the most heartbreaking truth in the crypto world? It's not that your skills are lacking, but that you simply don't know when to move and when to stop.
I've seen two completely different fates for accounts. One starts with a few thousand USD and grows to a million USD in half a year, with a curve so bright it brings tears to your eyes. The other? Just yesterday, celebrating a ten thousand USD profit, today a retracement wipes out all gains, and the account is wiped clean. Every day, someone in the crypto space is performing this kind of dramatic contrast.
You might think you lost because your technical analysis isn't precise enough, but the real issue is one thing: rhythm. Not knowing how to roll positions, and not knowing when to take profits. After countless detours, I realized that rolling positions doesn't mean daily trading; the key is to find that one certain opportunity and execute it perfectly in one go.
**Emotional out of control is the biggest enemy**
Ninety percent of losses in the crypto space are not due to bad technicals, but because the mindset collapses first. The most common scenario is this: you rush in during a normal market, fearing to miss out and regretting it for a lifetime; you make a little profit and then start adding to your position wildly, thinking you're a stock market god reincarnate; when a retracement happens, you stubbornly hold on, resulting in not only giving back all your profits but also incurring losses.
In futures trading, it's even more intense—despite correctly judging the direction, you get forcibly liquidated. It seems like bad luck, but in reality, it's a risk management flaw. The difference between experts and retail traders is here: experts only chase steady upward trends and only attack clear downward trends.
**The method I’ve developed**
After so many years of practical experience, I’ve summarized a counterintuitive but highly effective logic: make your first profit, then immediately withdraw the principal. As long as the first trade is profitable, take the principal out right away, and use only the earned money for subsequent trades. Even if you lose later, it’s just the market’s money, and your mindset remains solid. This trick helps me stay calm amid volatility and prevents greed from ruining everything.