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
Many people ask me why they always lose money. My answer is often unexpected — it's not the market working against you, but you digging your own pit.
I don't like to talk about those fancy theories. Today, I'll be straightforward: those who keep stumbling in contract trading are basically falling into the same trap. Check if you’re on this blacklist.
**The First Pit: When the account has money, the urge to trade kicks in**
As long as the balance isn't zero, your fingers become restless. No trades? Panic. It’s as if missing a second means missing the entire market. The result? You either take small profits and run, or hold on through losses. This not only eats up your fees and eats into your profits but also repeatedly teaches you lessons during normal fluctuations. True experts? They often hold cash and stay on the sidelines, observing.
**The Second Pit: Going long and short at the same time, suffering on both ends**
Some trade both long and short, switching directions frequently, completely ignoring market trend continuity. It’s like being a weather vane — chasing longs when prices rise, chasing shorts when they fall. The final result is always: buying at the top, selling at the bottom. The market trend is right there. Instead of going against it, it’s better to identify the current direction and follow the trend. Don’t fool yourself into thinking you’re smarter than the market — that’s the beginning of losing money.
**The Third Pit: Bottom-fishing and top-timing are like catching flying knives**
Chasing rebounds sounds exciting, but in reality, it’s like catching a knife with your bare hands. Especially for beginners, who love to lick their wounds at every turning point. Little do they know, market V-shaped reversals are much rarer than they think, and the chances of getting cut are much higher.
Behind these seven taboos are countless blood, sweat, and tears. How many of these have you fallen into?