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
After doing contracts for so long, I found that many people don't actually struggle with reading charts; they struggle with managing money.
To put it simply: When your account has a floating profit of 10%, what are you thinking? Most people think, 'Let’s wait a bit longer, maybe it can reach 15%.' What’s the result? You end up back at the break-even point but are reluctant to exit, and in the end, it turns into a loss.
My current approach is like this—
It rose by 10%, and I started watching the cost price. Once it pulls back to the entry point, I will immediately close the position without hesitation.
Continue to rise to 20%? Then pull the take-profit line up, locking in at least 10% profit.
If you're lucky enough to reach 30%, then hold the bottom line at 15%.
By doing this, you will discover a magical thing: you don't need to guess where the top is; the profits will climb up by themselves.
Let's talk about losing money.
15% is my line of life and death. If it falls below this number, I will immediately cut losses without hesitation. Some people say, "What if there is a rebound?" Sorry, I can't afford that "what if." If the entry point is wrong, it's wrong; admitting defeat is a thousand times better than holding on. Before opening a position, the stop-loss point must be set in advance; this is the prerequisite for survival.
Here's a lesser-known trick: what to do if you've sold a coin too early?
If the price really drops after selling and you still have confidence in the asset, then buy back the same amount at the original price. The coins are still the same, but you have extra funds in hand. In case it doesn't drop after selling but instead rises, wait for it to return to the selling price before buying back, so at least you won't miss out on the subsequent market trend.
A contract, to put it simply, is just a struggle against one's own greed.
Quick entry and exit must be methodical, chasing hot trends requires timing, staying in cash and observing is not shameful, getting caught up in the highest and lowest points is true loss.
The rules are set, and the rest is up to the market.
#山寨币周期开启? $BANANAS31 $NIL