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Last night I witnessed a heartbreaking Get Liquidated.
Friend Lao Zhang stared at the K-line that plunged straight down on the screen, his hand trembling so much he couldn't steady the mouse. The account balance went from 50,000 to zero in just 15 minutes. It wasn't because he lacked skills, nor was it because he didn’t keep up with the news—he just made some basic mistakes that even experienced traders would fall for.
He regrets it so much now that he wants to slap himself in the face. I'm writing this down in hopes that you don't make the same mistake.
**These rules were forged with real money.**
**❌ Something's off with the status? Don't touch the market**
Tired to the point where your eyelids are fighting, just had a quarrel with your partner, and feeling tipsy after two bottles of beer... At this time, your judgment is basically zero. The market won't show any mercy just because you're in a bad mood; it will only magnify your mistakes tenfold. If you're tired, just go to sleep; after all, the market is open 24 hours.
**❌ Too noisy around? Don't even open your phone**
The kids are making noise in the living room, the TV is on, and the friends' gathering is lively. At this moment, just enjoy life. Trying to multitask can either lead to chatting when it's time to cut losses or accidentally opening a short position instead of a long one. Trading requires quiet; distraction is self-sabotage.
**❌ Impulsive without a plan? Hold it back**
"Wow, this coin is going to soar!" "Everyone in the group is making calls, I’m joining too!" — this kind of impulsive decision is the most dangerous. When FOMO kicks in, you are no longer trading, you are giving away money. If you don’t understand the market trends, just pretend you didn’t see them; unexpected opportunities are not for you.
**❌ Big Data, before and after holidays? Observing is the safest**
Non-farm payroll data, Federal Reserve meetings, and the Spring Festival holiday are all points in time where the market feels like it's packed with gunpowder. With poor liquidity and frequent spikes, a single piece of news can wipe you out instantly. In times like this, the smartest thing to do is to turn off the software and focus on what you need to do.
**❌ Have you lost several trades in a row? Stop immediately**
After losing money, people tend to become particularly impulsive, with only one thought in their minds: "I must earn it back immediately!" At this point, the operations have already become distorted, and it will only cause the losses to snowball. Accept the loss, close the software, go for a walk, and calm down before proceeding.
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**In the end, it's just one sentence: Keep your hands in check, and you'll protect your lifeline.**
The futures market is always open, and there are opportunities every day; it doesn't matter if you miss this order. Old Zhang has now spent 50,000 yuan on this lesson, hoping you can take advantage of this experience for free.