📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
I remember that day, staring at the remaining balance of $2300 in my account, the ashtray on the table filled with cigarette butts. Deep down, I knew that if I lost another $500, I would have to say goodbye to this market completely.
A friend suggested to me: 'Why worry about this little money? Why not withdraw it and buy some beer to enjoy life.' However, as I gazed at the fluctuating lines on the trading chart, I suddenly realized: the repeated failures before were not due to a lack of skill, but rather because of excessive arrogance, thinking I was capable of anything.
After making up my mind, I cleared all the complex technical indicators and kept only the most basic moving averages and volume analysis. The results were surprising:
A week later, the account grew from $2300 to $3100. I acted cautiously, not rashly increasing my position, but instead withdrew $500 for daily expenses.
Two weeks later, thanks to two successful trend trades, the account balance reached $5600. Only then did I dare to increase the position to 30%.
In the early morning 25 days later, looking at the account showing 8800 dollars, I messaged my friend who once mocked me: 'This seemingly simple method is more effective than your complicated trading strategy.'
My success does not rely on any magical techniques, but rather on adhering to the following four principles:
1. Calculate the stop-loss level before opening a position, and only trade if you can accept an 8% loss; otherwise, forgo the trade.
2. Only trade between 3 PM and 1 AM, stay away from the market at other times to ensure sufficient rest.
3. Unless the profit reaches 25%, do not close the position firmly, even if it retraces back to the breakeven line in the meantime, you must persist.
4. Limit the number of trades each day, be not greedy when profiting, and do not average down on the same day when incurring losses.
Many people think that this 'clumsy method' cannot make money quickly. However, it turns out that traders who stare at short-term trends all day and frequently change technical indicators often struggle to achieve sustained success.
This experience made me realize that in trading, simple and disciplined strategies often bring more stable returns than complex technical analysis. The key to success lies not in predicting the market, but in managing risk and maintaining patience.