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The biggest illusion for newcomers in the crypto world: this is a printing machine.
Reality? More like a broken money shredder.
Staring at the charts until dawn, a slight uptick in the candlestick makes your heart skip a beat. Chasing the rally turns into taking over the position, buying the dip up to the halfway point—everyone has played out this script. I know a trader whose account started with 3,000 USD, and she kept getting caught in this cycle over and over again.
Until she realized a truth: this market is never short of gamblers; what’s lacking are those who can survive long enough. Gamblers talk about luck, while skilled traders talk about probabilities.
She later summarized six rules, not deep theories, but things forged from bloody losses—
**1. Rapid rise, slow fall? Don’t get excited**
This is usually not a sign of an upward trend; it’s mostly the main players shaking out the weak hands. True tops never hold back—they come crashing down directly. Those shouting “healthy correction,” just ignore them.
**2. Quick drop, slow rise? Don’t be greedy**
A rebound after a sharp decline may look like a bargain, but it could be the last trap. There are no free lunches in the market; this rule is unbreakable.
**3. Watch the volume at high levels**
Volume indicates funds are still playing. Once volume shrinks, the alarm should ring—without a willing buyer, the trend could die at any moment.
**4. Don’t trust a volume spike after bottoming out**
A single-day volume spike might just be a tease. What’s the real bottom signal? Continuous volume increase over three days or more—that’s when funds are truly entering.
**5. Watching volume is more important than watching price**
Candlesticks can be faked, but volume tells the truth. Dead volume means no one is playing; a sudden surge in volume means real opportunity is coming.
**6. Holding cash is more crucial than buying ability**
Not trading during a bad market isn’t giving up; it’s saving power. Those who can stay calm and avoid impulsiveness will never be swayed by the market’s temper.
This market is never short of shining stars, but the real winners are few and far between.
The difference is: most people stumble blindly in the dark, repeating others’ pitfalls; those who make it to the end have long ingrained these rules into their bones. It’s either talent or clarity gained through repeated validation.