🚨TEAM{Those are the two kinds of traders in crypto trading.are you interested in knowing the difference, don't skip.its time to know what kind of trader you are}
➡️Crypto trading has evolved over the past decade and two kinds of traders have dominated it since it's launch
↪️By the end of this article,you must gauge yourself and know exactly what kind of crypto Trader you're
🚨Here are basic features that separate hunters from poachers
1; The hunter takes his hunting business (crypto trading)as a hobby while a poacher takes hunting(crypto trading)as a way of passing time maybe due to boredom or to relieve stress
👉This leads to endless losses to poachers while hunters are motivated to trade more
2;The hunter plans ahead before the hunting time (trading) and familiarize him or her self with the necessary gains, risks,tools needed associated with trading while a poacher bumps into the trade with a mentality of compulsory gains without understanding market structure
3;The hunter watches closely the prey from a distance waiting for the exact moment to make a move(analyses coin performance in market wjaits for the exact time to enter Trade,by identifying accurate entry points) while a poacher follows market hype and enters the trade instantly and suffers the consequences
4;The hunter precisely judges the preys capacity and judges the direction it will take once threatened (determining whether the trade to be taken is long or short)while the poacher bumps into the prey undermining it's capability to fight back (when the trade reverses the trader's prediction)
5;The hunter selects out the many prey which one to attack(keenly observes market performance of many coins and chooses which one to trade ) while a poacher bumps into a trade with fear not to miss out.losses follow
6;The hunter uses all his mighty to capture the target prey(the trader bocomes patient and keenly follows the performance of his or trade ) while the poacher is diverted by the presence of many good prey in the jungle without focusing on one type
7;The hunter knows when to run(Incase the trade reverses his or her prediction),knows when to walkaway(after taking the target profit) while the poacher trades to revenge his lost funds hence continue facing losses and also poachers don't have a limited number of trades to stop on per day
8; Hunters aim at preys within their physical capacity (setting leverage,take profit and Stop loss) while the poacher use High leverages, sometimes don't set stop loss and also aim at insane gains without setting take profit.hence ore ever casualties to liquidation and unprofitable trades
9; Hunters work in groups to diversify labour, share efforts and ideas(follow signal providers to stay alert eg me,Dr.Muh23 am a Signal Provider, educationist, researcher and crypto investor) while poachers work soley abstaining from TEAM work.
8;The hunter takes his or her prey and judges the situation (the trader takes,his or her profits,exits market and just observes the prevailing market performance setting grounds for a next trade) while the poacher aims at insane gains in only one trade with a mentality of the coin performing more than that and ends up losing it all
➡️Alright TEAM
↪️Hunters and Poachers have been differentiated as mentioned above.
📍Let me know in the comment section,what type of trader you're
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📊More learning tips coming ahead
[TEAM , together we are stronger]