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These are the eight most important secrets to getting rich in the crypto world. Learn them and you'll definitely drive a Mercedes home by the end of the year. After several years of struggling in the crypto world and experiencing countless rises and falls, I now share these trading experiences that should have been kept hidden all these years.
1. Make good use of the morning market: In the morning, the sentiment in the crypto world is the purest. If the price drops sharply, don’t panic; this might be a good opportunity to scoop up coins at a low price. If the price is soaring high in the morning, don’t be greedy; take the opportunity to sell and lock in profits.
2. Mastering the Afternoon Strategy: When there is a sudden surge in the afternoon, don’t be carried away by the excitement and follow the trend to buy in, as most of it is just a false rise, and buying at high positions can easily lead to losses; on the contrary, if there is a significant fall in the afternoon, it’s better to stay calm, observe for a while, and look for a low point to enter the market the next day, which often allows you to acquire shares at a lower price.
3. Stay Calm During a Fall: When you open your eyes in the morning and see that coin prices have fallen sharply, don’t rush to cut losses. The market changes rapidly, and early morning fluctuations are often a "smoke and mirrors" trick; if the market is stagnant and shows no movement, don’t be anxious either. It might be better to take a break, conserve your energy, and wait for opportunities.
4. Strictly adhere to trading principles: If the coins in hand have not risen to the expected high position, do not sell easily; earning less is still a loss. If they have not fallen to your psychological price point, restrain yourself from buying recklessly to avoid catching a falling knife at half-mountain. As for the consolidation phase, where the trend is chaotic and direction is unclear, trading at this time is undoubtedly like a blind person touching an elephant; it is better to watch from the sidelines.
5. Operating based on candlestick patterns: buy on bearish candles and sell on bullish candles, which is a classic strategy. A bearish candle indicates a price correction and cheaper chips, making it a good time to enter; a bullish candle suggests a short-term rise is forming, so it's advisable to sell high and secure profits.
6. Reverse Thinking to Break the Game: To stand out in the crypto world, sometimes you have to do the opposite. When everyone is fervently chasing, be a bit more calm; when everyone is panic selling, be a bit bolder, dare to take contrarian actions, and you will find niche opportunities for wealth outside the mainstream waves.
7. Endure the agony of consolidation: When prices consolidate at high or low levels for a long time, it can be quite frustrating. At this time, do not let anxiety overwhelm you, avoid rash actions, be patient and calm, and wait for the trend to become clear. When it is obvious whether it will rise or fall, then make your move with full force.
8. Seize the tail of the surge: After a long period of consolidation at a high level, once there is a renewed push upwards, don't hesitate, this is likely the last madness. Sell in time to secure the profits in hand, otherwise, it will slip away in an instant, and the cooked duck will fly away.