Must Read: Your PNL (floating profits) is not your Money yet.

Most traders make the mistake of thinking that their PNL (floating profits) is actually their money when they haven't closed the trade. This is most common in future trading, where a trader can flaunt 1,200% PNL and later close the trade in a loss.

Your PNL (profit and loss) is floating until the trade is closed. You can have a floating loss of 100% and still end up closing the trade in profits, and vice versa.

This is also applicable in spot trading; if the coin you invested in pumped to 200%, make sure to book some profits before flaunting your 2x PNL. Most importantly, don't allow social media pressure to negatively influence you.

Apply proper risk management when trading in the crypto market.

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