🎉 Share Your 2025 Year-End Summary & Win $10,000 Sharing Rewards!
Reflect on your year with Gate and share your report on Square for a chance to win $10,000!
👇 How to Join:
1️⃣ Click to check your Year-End Summary: https://www.gate.com/competition/your-year-in-review-2025
2️⃣ After viewing, share it on social media or Gate Square using the "Share" button
3️⃣ Invite friends to like, comment, and share. More interactions, higher chances of winning!
🎁 Generous Prizes:
1️⃣ Daily Lucky Winner: 1 winner per day gets $30 GT, a branded hoodie, and a Gate × Red Bull tumbler
2️⃣ Lucky Share Draw: 10
The experience of my first day of copy trading was quite shocking. I was following a long position strategy on a certain account, opening positions based on the upper band of the 4-hour Bollinger Bands, using 30x leverage, and holding through the ups and downs until reaching the lower band before closing the position. Surprisingly, I didn't get liquidated. At that moment, I was wondering if trading in the crypto world is really that simple? Can I just turn around and make money?
Comparing it to my previous experience with spot gold trading, if I used the same approach—this high leverage, no stop-loss, completely relying on holding through the volatility—I would have long been wiped out. The volatility and liquidity in the gold market are entirely different; an extreme market condition can instantly wipe out an account.
Looking back now, that lucky mindset was extremely dangerous. Not getting liquidated doesn't mean the strategy is reliable; it was just good luck to catch a favorable market rhythm. At the start of copy trading, I had no risk control awareness, no stop-loss settings, and was operating with a high gambling mentality. This kind of mode will inevitably lead to losses sooner or later, it's just a matter of time. Beginners are easily blinded by one or two lucky wins, and that's the most frightening part.