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A seasoned trader made a huge profit of 2 million in the crypto world using a "clumsy method," almost never hitting a loss. These are real experiences gained from actual losses, and many beginners are following this approach.
**9 Iron Rules of Trading**
When the market crashes sharply, and your coins only drop slightly? That indicates funds are supporting the market. Hold steady; there will definitely be surprises later.
Short-term trading is simple: watch the 5-day moving average. If the price stays above it, keep holding; if it breaks below, exit immediately. The logic for medium-term trading is the same—just replace the 5-day with the 20-day moving average. The key is to be decisive and disciplined in execution.
If the main upward wave starts but hasn't gained volume yet? Enter decisively. If volume continues to rise, hold on. If volume decreases but the trendline isn't broken, stick to your position. Once volume surges and breaks the trendline, cut your position quickly—don't hesitate.
If you enter a short-term trade and three days pass without any movement, close the position. Set a 5% loss limit and stop unconditionally. Don't think about rebounds; luck is unreliable.
If a coin drops 50% from a high and continues to decline, it has entered an extremely oversold zone. A rebound might be imminent, so consider small-scale entries.
In trading coins, focus on the leading coins—those with the biggest gains and the strongest resistance to declines. Don't avoid buying just because the price is high; the real profit strategy is to buy high and sell higher—that's the way to play the leading coins.
Following the trend is always correct, but the purchase price isn't necessarily better the lower it is. "Appropriateness" is the top priority. Don't try to bottom fish during a decline; decisively abandon weak coins.
Don't get complacent after making money. Take time to review whether your success was due to luck or skill. Building your own trading system gradually is the key to long-term survival. Holding cash is also a strategy—preserving capital always comes before making profits. This game is about success rate, not trading frequency.
If you're unsure, don't force trades. Reckless trading is worse than sitting on the sidelines waiting for opportunities. In the crypto world, blindly rushing ahead won't get you far. Random trading only leads to repeated losses. Instead, it's better to discuss and share ideas with others and work together to seize the next big market move.