First we must know what a trader and a holder are? The difference !
Holder refers to people who buy and hold an asset and hope it will be profitable after analyzing the project and its profitability. Many people hoard to make money, there are also people who hoard just because they like that project, like that asset... similar to when you buy a token you like and it goes up in price: Oh, that's great, it's profitable, but what if It's okay if the price drops! The tokens I hold are still there!
A trader is someone who buys and sells an asset with the sole purpose of making money, for profit. It is much more complicated than holder. Requires you to collect market information, analyze price charts, plan transactions and especially place orders and manage orders strictly by taking profits or cutting losses promptly at the right time.
🔴 Currently, when I look at the lead trader board, I see a dark red color and a lot of people are losing money. There are some people who no longer appear on the list while before, their AUM had millions of dollars. It's sad. And I ask the question why when the market grows they win continuously and when the market drops sharply they lose? Simply because they are acting like a holder, not a trader, the only difference is that they trade both Long and Short and they have leverage. They enter an order and leave it there until they make a profit and close it. They don't cut losses. That's the dead point. You may be lucky 100 times, but if the goddess of luck is not with you just once... you lose everything! Please stop before it's too late.
Act true to your nature as a trader! When the market goes down you win, when the market goes up you also win. Set yourself a certain SL limit within the range where you can easily earn it back. You are like a general and money is your soldier. Be respectful. No matter how good a general you are, if you don't have soldiers, you're useless. If you have 900k soldiers, getting 100k more soldiers will be very simple. But you still have 100k soldiers, so to get 900k more soldiers is almost too much!
You may be right or wrong but the market is always right. For me, I always set take profit and stop loss according to my own limits for each order, not according to the chart! How about you?
#TradeNTell #FuturesGangzCapital #Futuressignal #copytrading