I often advise you not to go LONG or SHORT. But I do not say that long short is completely wrong. There are still people out there who are successful and rich by going long short. But they are few and especially they are “PROFESSIONAL” traders. They have enough “Knowledge, experience and experience”, they have 24 hours a day just to watch the board and read the news. They understand how the asset or coin works and they will go long short.
In the financial market is divided into two main schools.
1: Day trader
2: value investor
Trader is a term that has appeared for a long time to refer to people who buy, sell and trade to make money every day (or in coin we often call it long, short), they must have a certain amount of knowledge about technical analysis, analyze the impact of news on prices to be able to trade daily with the market. In short, they are a professional trader. All day long must be attached to the board and continuously update news on the market.
Investors are long-term investors who don’t need to spend all day looking at the stock market. They just need to find an asset they want to buy, determine its value, and then wait to buy it at a price they find reasonable.
Have you ever noticed that when you join groups on tele, people who place orders earn 90% of their profits, but some of you still burn your accounts, or some of you still lose or only make a profit of about 30% of the orders they place even though you place the same orders as them?
Simply because they understand how the market works, they are professional traders so they always follow the rules when placing orders, how much to cut loss, how much to take profit. How to place TP, STL... but you always let emotions control, you have no rules when long or short because you are a "SEMI-PROFESSIONAL".
I've said it before, we have jobs to do to support ourselves and our families, we have to eat a quick bowl of rice in the morning and go to work, take a nap at noon, and at night we're busy watching girls shaking their butts. But we always want to make money every day by long-shorting like a professional 😩
Sometimes when I see people calling orders in the group, I follow them, but I don't place TP or STL orders. I don't know what trend the market is in. Then when the market changes or reaches the take-profit point, I'm busy doing something and don't pay attention. When I open the app to see, the order is burned or runs back to break-even. (Does this sound familiar? I used to burn orders like this. The whole group made a profit, only I burned orders 🥹)
That is why I always urge you to stop trading futures. It is not inherently good or bad, right or wrong. But it is not suitable for us. We are mostly semi-professional traders so we need to have a long-term vision because in the short term we do not have time to react to market developments.