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Want to survive longer in crypto trading? I'll share the core essentials.
Over these eight years, I've seen too many people enter the market full of hope, only to leave disheartened a few months later. The difference has never been talent; frankly, it's one word—discipline.
I can't claim to be an expert, but consistent profitability relies on a set of "methods to hold yourself back at critical moments." Today, I'll break it down—those who see this are truly destined.
**1. Don't look at the overall market, never trade impulsively**
Many traders focus only on daily charts for short-term trades, but that's not enough. The daily chart determines your big direction, while the 30-minute chart decides your entry point. Sometimes, a weak-looking daily can unfold into a beautiful upward structure on the 30-minute, and the next day, it might gap up with a big bullish candle—opportunities like this happen two or three times a year, enough to fill your bag without greed.
**2. When trend alignment is off, look twice before acting**
When the daily and 30-minute directions are opposite, and the structure is a mess, trading against the trend might earn some profit, but that's just luck, not skill. Trading with the trend always costs the least—this is a hard truth.
**3. Don't trade near hot spots, better to rest**
The essence of short-term trading is fighting the flow of funds. If your coin isn't in the hot zone, you're just fighting air. At such times, instead of forcing trades, it's better to wait for the right opportunity.
**4. Follow your plan, not your emotions**
Most people lose money because of impulsive moves. No matter how tempting the moment, if it's not in your plan, ignore it. "Trade your plan, plan your trade"—it sounds old-fashioned, but it really works.
**5. Don't believe everything others say**
Others' opinions are at best just information hints. Your own judgment is the steering wheel that determines your position. In critical decisions, only rely on yourself. Even with hot coins like $VIC, use your own logic to judge.
**6. Confirm the trend first, then choose your coins**
All consistently profitable traders I’ve observed do this. If the trend is right, even an unnoticed coin can make you money; if the trend is wrong, even the top coin can reverse against you. Priorities must be correct.
**7. Only enter in upward structures; guessing bottoms is gambling**
People who love catching bottoms are often taught the harshest lessons. Price movement always follows the path of least resistance. Coins in an uptrend are on that least resistant path. The logic is simple—so simple I almost don't want to say it—but some still keep tripping over it.
**8. After big wins or big losses, stop trading**
Whether you're chasing excitement or trying to add to your position, emotional trading has nearly zero success rate. Take a day or two off, watch the charts calmly. My ten years of data show that "rest after big wins or losses" has over 90% accuracy.
In the end, making money is never about some profound technique. It’s about system, discipline, and persistent execution.
Really engrain these eight points into your mind, and you'll find many past losses could have been avoided. The market is there, opportunities are there—what matters most is having the discipline to seize them.