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
Trading is never about always winning. The ones who survive the longest are simply those who keep their losses tightly controlled.
The real moment of collapse isn't the stop-loss itself, but when you hold a position that's too heavy, losing more than you can accept. Once that point is broken, your emotions are finished.
Here's the truth: the rationality in trading only exists before entering a trade. After holding a position, your mind is hijacked by your stance. You ignore bad news, amplify good news, and your judgment becomes useless.
So what should you do? It's simple—make all decisions before entering the market.
Specifically, you must think through four things before entering: why you're entering (what's the signal), where to cut losses (stop-loss level), how much you aim to make (target level), and what's the maximum loss you can tolerate (position size).
Once you're sure, just execute the trade and don't overthink it. As long as your logic hasn't completely broken down, don't change your strategy on the fly.
Regarding take-profit, don't be brainwashed by the phrase "let profits run." The market will eventually end, and greed often causes you to get out prematurely. When the time is right, take your profits, sell in parts, and leaving a core position is enough.
Remember this: profits within your plan reflect your ability; outside of it, it's all luck. Those who truly survive long in the market are those who execute their plans properly.