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
Prices keep rising wave after wave, and many friends see their accounts showing unrealized losses and start to hesitate, rushing to cut their positions. Honestly, this is a common problem among most traders.
I recently experienced this myself — Ethereum's movement basically hit the expected high point and then retraced. I opened a short position at 2983, which was initially profitable. But the market didn't move as I expected; instead, it went against me. At the worst, I was holding a position worth two hundred dollars, and I added three layers of positions at the 3066 level to average down. In the end, my cost basis settled at 3043, right at the support level. Rather than risking a tough fight here, I preferred to accept a $9 loss and exit, which made me feel more at ease.
These few trades turned from profitable to being caught in a position, but my logic never got confused — I entered with a small position, added to my position according to a plan when risk appeared, and never went all-in. This isn't just my saying; every trigger point for adding positions was thought out before opening the trade. To put it simply, no one in this industry can guarantee making money just by opening a trade. The key is whether your plan is clear, whether your averaging down is disciplined, and whether you avoid reckless cutting.
Brothers copying trades, don’t panic. Don’t randomly stop-loss during a tug-of-war; that’s not cost-effective at all. Everything is within the scope of your plan.