📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
In the Crypto Assets market, we often hear wealth myths, but the reality is that most participants leave with losses. This is not because they lack insight or diligence; on the contrary, many invest a significant amount of time studying market trends and Technical Analysis. However, the account balance often decreases instead of increasing, falling into a vicious cycle of losses - Full Position - trapped.
In fact, the main reason for this situation is not insufficient trading ability, but rather some common psychological misconceptions about trading. Here are a few typical cases:
First, there is the profit-taking barrier. Many traders find it difficult to make a selling decision when they are in profit. After the initially set doubling target is reached, greed often takes over, expecting even higher returns. This leads them not only to miss the opportunity to take profits in a timely manner, but also to increase their positions, raising their average cost. When the market experiences a pullback, they often hold on with a sense of hope, ultimately resulting in profits disappearing or even turning into losses. In this market, only the profits that are actually realized are true gains.
Secondly, there is the psychology of chasing highs. When seeing a certain coin continuously rise, many people experience a strong fear of missing out. Although rationally they know they shouldn't chase highs, emotions often take the lead, leading to purchases at high points. The subsequent pullback will make them begin to doubt the project and even their own trading abilities. However, it is important to recognize that coins that rise significantly are often designed to attract buyers, rather than create wealth opportunities for newcomers.
Finally, there is an excessive focus on the gains of others. When traders see others flaunting high returns on social media, many experience anxiety and insecurity. This mindset can lead them to make irrational trading decisions, whether it’s exiting too early when in profit or being reluctant to admit defeat when in loss.
To achieve long-term success in the Crypto Assets market, the key lies in overcoming these psychological barriers and establishing a healthy trading mindset and discipline. This includes setting clear profit-taking and stop-loss strategies, avoiding chasing highs and selling lows, and focusing on one's own trading plan rather than others' success stories. Only in this way can one find opportunities for sustained profits in this highly volatile market.