How to win in the Gate.io WCTC ? TOP Trader_s Story I

Please briefly describe your experience in the cryptocurrency investment
I registered on Gate.io in July 2017 and have experienced 2 rounds of bull and bear in the market. There is an assertion in an investment book I read: "To make big money in the investment market, you have to experience at least 2 rounds of bulls and bears in the market, and know the whole market in the first round of bulls and bears. In the second round of the bull and bear market, understand yourself." Now this sentence is deeply felt, although I have already earned money to buy a house, and a car to improve my quality of life, but still far from the ideal accumulation of wealth.

In the beginning, my personal investment strategy is also based on intuition. Now gradually I have started trading contracts, options, as well as participating in some primary market investments. I am also involved in some popular projects like NFT, Gamefi, Defi, etc..

Tell us how you feel about the first futures World Cup Trading Competition and what suggestions you have for Gate.io.
As an old user of Gate.io, I have seen the platform grow and develop. Especially in the super bull market from March 2020 to January 2022, Gate.io has fully seized the dividends of the industry's development and successfully ranked among the top tier platforms. I have seen Gate.io rank as high as 2nd in the world after Binance, and the contract platform ranks 6th in the industry.
In the last two years, the product features and optimization of product experience have also significantly improved from the perspective of an old user. Product features include spot, leverage, finance, quantification, order following, futures, leveraged ETF, derivatives, and NFT, effectively enabling a one-stop solution for digital asset trading. This is true, especially with the quantitative functions; from the grid, CTA trending strategy, cross-market arbitrage, and custom strategies. Traders benefit from the rich selection of strategies and efficient strategy library, overcoming the arbitrary and emotional impact of manual trading, and earning solid long-term returns. Over 1 million strategies are currently being executed throughout the entire strategy section, which has a trading capital of $2 billion.

Let's talk about some feelings and suggestions for this World Cup. Personally, I'm one of the earlier traders that started trading at Gate, primarily in spot trading. The speed of token listing at Gate and depth of tokens available helped me get involved in some profitable potential tokens earlier, which has brought a very considerable investment income. I noticed Gate's Contracts products sometime after 2020. I tried trading some Contracts in BTC, ETH, and other mainstream tokens, and the overall experience was relatively good. I also joined the contract trading competition. Here are my three feelings:
First of all, from the whole product page UI and UX details, a lot of effort has been put into the design, and the Star Wars theme style page is very visually impressive.

Secondly, in terms of the event rewards, the group battle in the contract competition has been a tradition amongst exchanges, thus users seem somewhat bored with the same rules of the game and the interactive design loses a few points due to aesthetics, it is stable but lacks innovation.

Finally, about some bad experiences. You can see the entrance of the tournament on the APP, but the whole WAP is poorly adapted after you click in. Now, most of the trading users are trading on APP, so this will affect the user experience.
I hope Gate will keep optimizing the product experience, improving the liquidity of all tokens, and really making the product the lifeline for the success of contracts. I am looking forward to the next contract tournament, and I will invite my friends to team up and play together. I hope this tournament by Gate will help build up its branding and get better and better.

What do you think about the market and what do you suggest to the current contract traders?
First of all, I would like to briefly explain that the following analysis of the market is only my opinion, it is by no means investment advice. Here are some brief thoughts:

- The primary factor in the future of the market lies in the hype of the "U.S. recession", the interest rate hike is already a secondary factor. This is the macro environment and the biggest push behind the scenes of the original big cycle. At present, the mainstream institutions and economists in the United States have begun to warn the public about the first signs of a recession, and several interest rate hikes throughout history to govern inflation have caused a certain recession as the price paid to reduce inflation. In a sense, the plummet in price may be inevitable. From this perspective, the risk of the downward trend in the BTC still exists.

- From a technical point of view, the market value of BTC has fallen by more than 70% from the high point, and the price has also touched the weekly 180MA, which has basically reached the bottom of the historical BTC trend, and the likelihood of a consolidation seems very high. Expect to experience several months of consolidation at the bottom, and finally, a new bull run under the stimulation of external factors.

- It may be a more prudent approach to adopt a phased investment method, lengthening the time period and spreading the cost evenly to buying coins.



Could you share some practical contracts trading panacea?
In my personal experience, there is no such thing as a trading panacea. It is easy to fall into the trap of technical analysis. There is never any method that can achieve 100% risk-free profit, if there is that must be a scam. But it does not mean that there is no strategy and technical system for trading. In terms of personal experience, the following three aspects are more important.
- The right investment philosophy
- Reliable and efficient investment tools
- A trading system that suits your needs

About the investment philosophy and investment tools, in a word, "make friends with time, adhere to the value investment, follow the trend, prepare in the bear market", etc. Only what is suitable for you is the best. Regarding efficient investment tools, I recommend Gate.io platform. It provides a one-stop investment solution, which has stood stable for 9 years, and has a good reputation in the industry.
In the establishment of a personal trading system, some personal experiences can be shared for reference:
1. Read classic investment books, such as "The Turtle Trader", "Principles of Professional Speculation", "Gann Theory", "Dow Theory" and so on. It is only through continuous learning that we can see the whole transaction essence from a macro perspective, grasp market laws, and understand human nature.

2. Get into the real BTC contract trading. Put personal technical analysis into practice in the market trading in order to finally test the effectiveness and consistency of the system. It also helps to understand your own emotional fluctuations, and whether they can overcome the weaknesses of human nature.

3. Money management, keep the bottom line of trading. The effectiveness of the trading system determines the ceiling of your wealth, while money management and trading principles determine the floor of your wealth. It is possible to get a lot of wealth by luck plus your own accumulation in a super bull market, but the whole market is very cruel, especially in the field of cryptocurrency. In the current round of the market, the collapse of Luna's UST makes Three Arrows Capital fall into bankruptcy and liquidation. The core reason is that the overall market environment is weak but still has high leverage, leading to a series of liquidations, which became the trigger of the current round of bear markets.

Do you have any actionable suggestions on how to survive the bear market?
"Pessimistic people are always right, and optimistic people are the ones who eventually make big money". I believe that we are not unfamiliar with this saying, and nowadays, is very close to the bottom. If there is a wave of a slump, that is the perfect opportunity to buy and earn. If there is no preparation in the bear market, there will be no harvest in the bull market.

In addition, to hold the "prudent optimism" attitude, the core is to increase the ability to make money out of the
cryptocurrency field. Invest with spare money, in order to maintain a rational and normal mind in the fickle market battle, and ultimately to keep the low price chips, selling time for space to win the ultimate wealth. Therefore, in the current market conditions, reduce the frequency of transactions in the secondary market. At the same time, increase your ability to earn through various channels, and make sure you do a good job, especially to ensure you have a stable income in the current job market.
A constant source of income from other areas, coupled with continuous fixed investment and being patient with time, then the next round of bull market is your time for a big harvest.

Disclaimer:
For information purposes only, such information provided herein does not constitute any investment advice and is not responsible for any investment you may make. Technical analysis, market judgment, trading techniques, and trader sharing may involve potential risks, investment variables, and uncertainties, and this article does not provide or imply any opportunity for guaranteed returns.