First you must understand that the phrase “trader” is a blanket term that barely scratches the surface. I mean, there are luxury watch traders – but their daily activities differ greatly from ours. There are furniture traders and again, their daily activities are distant from what we do in this market day in and day out.

So to gain an understanding of the ‘role’ of an altcoin trader we have to look a little deeper than just the typical, surface terminology.

As I have mentioned numerous times – the crypto currency market is a mechanism that allows for money to move from one place to another. That is the most simple description of the functionality of this market.

So do not be so naive that you will assume that you are either 1. A trader, 2. A developer, 3. An exchange owner... this is how amateurs perceive the market.

Now since the goal is gaining understanding, then you must understand that unless you know what your ‘role’ is, then you will never achieve maximum performance.

So with that I say, for the moment, let’s abandon the phrase TRADER and look a little closer at the ‘role’ that each participant in this market is playing. Let’s look at how each participant fits into the wider system of the market.

Now, it is imperative to note that clearly only 10% of those that participate in this market are profitable. Which means that only 10% of those that are in this market are consistently withdrawing more money than they are depositing – so it is a FACT that 10% of people are doing something completely different to what the other 90% are doing.

Therefore 10% of people in this market are assuming a ‘role’ that is different to the ‘role’ of the remaining 90%.

So why then does everyone refer to themselves as traders, when clearly there are two completely different tasks being carried out within this system.

This is the deception of the market.

Now, you have to understand that without volume being contributed to the market – no one profits. Without volume being extracted from the market – no one profits.

And there you have it.

Clearly the term “trader” is just another rigging device used to distort the true nature of the market.

There are no traders... Just those that contribute, and those who extract – and there you have the true roles that individuals perform in this market.

So again I repeat, unless you understand what your ‘role’ is, then you will never achieve maximum performance.

If you have been losing money, then that is because you have unwittingly assumed the role of a ‘contributor’ of trading volume. If you have been consistently profiting, then you are fulfilling the role of an ‘extractor’ of trading volume.

This is the true nature of the market

To succeed, you must ensure that your strategy is one that consistently places you into the ‘role’ of an EXTRACTOR of trading volume for this is the only way that you can withdraw more than you deposit