# Gate广场新手村第四期

#Gate广场新手村第四期 On October 11th, early morning, the crypto assets market experienced a historic flash crash. Bitcoin fell approximately 13% within 24 hours, hitting a low of $105,900, a 20% retracement from its all-time high, with over 1.6 million investors getting liquidated.
In the crypto market, each crash is like a sudden storm, sweeping away greed and fear, while also testing confidence. Over the past five years, ten typical big dumps have shown a consistent logic: liquidity is drained, and the leverage chain collapses. External panic is the spark, but what truly drives the big dump is huma

🎉 Congratulations to the following users for winning in the Gate Plaza #GateNewbieVillageEpisode4 #Gate广场新手村第四期 event!
🏆 Winners list:
Sugar to the World - Gate X RedBull Baseball Cap + $20 Position Experience Voucher
Golden Dog Trading - Gate X RedBull Baseball Cap + $20 Position Experience Voucher
HighAmbition - $50 Position Experience Voucher
🧧 Rewards will be distributed within 14 business days. Please ensure you complete identity verification to receive your prize smoothly.
Thank you all for your active participation. Stay tuned for more exciting events at Gate Plaza! 🚀

🚀 I just participated in the #Gate广场新手村第四期 event, and I have to share the evolution story of this "suckers".
Three years ago, when I first entered the crypto world, I felt like a kindergarten kid who had just wandered into Wall Street—I had to secretly Baidu even the green and red candlesticks. I remember the first time I opened a contract; because I set the stop-loss in the wrong direction, I lost two months' salary in half an hour. The feeling of sweating in my palms while staring at the screen is still unforgettable.
After paying enough "tuition fees," I finally understand: the market

See
I used to be that "retail investor who buys high and sells low."
Three years ago when I first started, I would stare at the candlestick charts every day with my heart racing. Whenever I saw a coin suddenly surge, I would FOMO in crazily, only to end up buying at the peak; as soon as there was a slight drop, I would panic and cut my losses, perfectly missing the rebound. During that time, my account felt like a roller coaster, and so did my mood.
The change begins with "stopping."
Until after a major loss in my investment, I forced myself to review my trades. I realized that I had always be

From blindly following the trend to establishing a system, my trading transformation stemmed from profound lessons. I once chased the price of alts due to FOMO and lost more than half of my principal in a single day. That heart-wrenching experience taught me to respect the market.
Now adhere to three principles: trend judgment based on weekly charts to filter out market noise; wait for key points to retrace, giving up on chasing the price; strictly operate according to signals, eliminating subjective assumptions. The most successful trade is patiently waiting for BTC to test previous high supp

My trading journey started with three Get Liquidated events. Those sleepless nights watching the market taught me a truth: the market never lacks opportunities; what it lacks is the capital to survive until tomorrow.
What truly transformed me was understanding the value of "waiting". I remember last October, ETH was in a sideways trend around 1600 for three weeks. I recorded price actions every day and finally waited until a key signal of a volume breakout appeared early one Friday morning. I strictly followed my plan to enter the market, setting my stop loss at the previous low before the bre

From chasing the price and selling with bearish market to stable profits, my biggest transformation has been learning to wait. I used to miss good opportunities due to fear of missing out (FOMO) and panic sell at the bottom. Now I insist: not to act when the trend is unclear, not to act when the price point is not good, not to act when there is no signal.
After learning technical analysis on Gate, I started to record each trade and review the successes and failures. The most successful trade was patiently waiting for Bitcoin to pull back to the support level, entering with multiple bullish sig