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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
As a cryptocurrency trader with seven years of experience, I want to share some personal insights. I was born in the 90s, I am 36 years old this year, originally from Changsha, Hunan, and currently living in Zhejiang. Over these seven years, I have managed to rise my initial capital of 50,000 yuan to 7 million yuan. This success did not come from insider information or pure luck, but rather through a practical approach to survive in this rapidly changing market.
In my trading career, I have witnessed many people lose everything overnight due to liquidation, and I have also seen some large holders make a fortune. However, very few can steadily reach the end. Therefore, I have decided to share the six core principles I have earned with real money over 2100 days of trading:
1. The logic behind market fluctuations: A rapid rise followed by a slow decline is often a washout behavior; a rapid decline followed by a slow rise may indicate a selling signal. Do not focus solely on surface price changes, as the strategies of traders are often more complex than we imagine.
2. The importance of trading volume: If there is still trading volume at a high level, you can continue to hold; but if the trading volume shrinks at a high level, you should consider exiting. Trading volume is an important signal in the market; a lack of volume means a lack of buyers, and continuing to hold may result in becoming the last buyer.
3. True Bottom Characteristics: A true market bottom is not formed by a single large rise, but rather by continuous capital inflow and volume support. The formation of a bottom is a gradual process, not a sudden "surprise."
4. Emotions are the essence of the market: prices are just a facade, and market sentiment is fundamental. Trading volume reflects market consensus; if volume shrinks during a rebound, do not mistakenly think it is an opportunity.
5. The Importance of Mindset Management: In trading, the most difficult aspect to master is the mindset. Only by being unattached, not greedy, and not fearful can one enter the market at the right moment and decisively exit at the wrong time.
6. Rhythm is more important than trend: market opportunities are limitless, but our funds are limited. To survive long-term in this market, the first thing to learn is to protect your funds.
These principles are not theories learned from books, but experiences gained from my own experiences and the tuition I paid. If you often find it difficult to grasp entry points or are frequently shaken out of positions by market fluctuations, what you may need is not a faster reaction, but a more robust strategy.
In the Crypto Assets market, stability is often more important than speed. By following these principles, I believe you can find your footing in this market full of opportunities and challenges.