A few key points distinguishing traders from gamblers - page 2.

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Quote from: rojan on March 24, 2022, 10:47:56 PM

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distinguishing traders from gamblers is very easy, the trick is if we trade by a rule,
or the trading rule is to analyze, read a fundamental, and update the news, that is a rule to trade well,
but if we ignore it all and trade without having knowledge or skills, then it is gambling, how? you know it yourself

If you want to tag, all you have to do is have some idea about cryptocurrency and you need luck for Raju and a long process of testing and learning when you need time to gamble, things still depend on your personality. How do you manage the fields? To be honest, an intelligent Azhari can apply a smart business positive, especially if the person here knows how to control their emotions.

You are the ones who would able to realize it for yourself on what you should gonna do with your trading whether you would really be acting like a gambler or would totally be mindful about being an investor?

It do matters on your own actions and mindset because you wont really be making out risk movements or no basis type of decisions if you do really give out importance of the funds you are using up now.

If you do like to sustain then you should really be that keen on making movement without any analysis or being mindful on actions because one wrong move would really be a mistake if you are not that good.

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Quote from: Kasabus on March 24, 2022, 05:05:49 PM

Quote from: Farma on February 13, 2022, 04:49:54 AM

well, the very big difference i know from gamblers and traders is, gamblers purely expect luck in doing that, while traders are based on analysis, research and also other things to get it. Moreover, in the world of traders you are not risking your money 100%, even when the price drops, you still have the same amount of assets. whereas in gambling, when you lose, you lose everything.

Traders and gamblers share a common thing, both have risks. But traders have their own way to lessen the risk because they make preparations prior to trading. And by making theirselves exposed to technical and fundamental factors in trading, they create higher chances to win their trades. However, gamblers do the opposite thing. They always gamble with no preparations, just pure luck. And when they start to gamble, they mostly go all in. So they end up losing everything.

Not in general, I mean, there are also gamblers who creates their strategy and make sure to follow in order to take advantages, experienced gamblers are same with experienced traders, they are good in analysing the possibilities, with hands on experienced they also anticipate how would be the turnaround of their gambling. But unlike with trading, there are many aspects that influence the market while with gambling, most of the time it's luck that influenced the wins.

High-risk if you just simply put your position and not to study how the business works, trading can be learned while in gambling just like what I just said, more on luck base to win.

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Quote from: ?? on ??

distinguishing traders from gamblers is very easy, the trick is if we trade by a rule,
or the trading rule is to analyze, read a fundamental, and update the news, that is a rule to trade well,
but if we ignore it all and trade without having knowledge or skills, then it is gambling, how? you know it yourself

If you want to tag, all you have to do is have some idea about cryptocurrency and you need luck for Raju and a long process of testing and learning when you need time to gamble, things still depend on your personality. How do you manage the fields? To be honest, an intelligent Azhari can apply a smart business positive, especially if the person here knows how to control their emotions.

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Quote from: Cookdata on February 09, 2022, 05:45:52 PM

It is not easy to be a professional trader, but practice makes you confident in what you do for a job. This is not a guaranteed or comprehensive trading strategy, but the few points are excellent for anyone to be a trader.

To be a professional trader needs more experience, knowledge, and also other elements that enhance us with a similar strategy, solution, right decision, and also wise trading concepts. Sometimes, we are as a beginner only following other people's signals and we are lying on their signal only without any analysis. Moreover, they don't know exactly also when the right time to use the signal or even they don't understand how the signal works exactly. They only set order buy or sell, or take the position of short or long at one time, without any further analysis of the coin or token that they want to trade, the real-time market price right now, and also the sudden information. That's more called gamblers. Moroever if they don't know how to choose the coins that fit them for trading, only trial and error, or even only paying attention to the probabilities of winning, laying on the luck this is gambling.

Quote from: Vaculin on March 24, 2022, 05:53:02 PM

This is the reason why traders succeed more than gamblers. Traders are focused more on technicals and fundamentals that becomes the bases for their decision making while gamblers stick to pure luck and and create decisions without solid bases and established analysis.

Yes exactly, traders will always consider to use these analysis both fundamentally and technically, and also other further deeper analyses.
They also will set the price and other indicators based on the analysis, not based only the high speculation only.

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Quote from: TinaK on February 10, 2022, 06:51:34 AM

True, investing and gambling are two completely differen things, but they both include some level of risk and decision-making, notably the danger of losing money in the future. Diversification is one of the most important ldistinctions between investing and gambling. ç
Investing allows you to diversify your risk across all asset classes, whereas gambt lers put all of their money into a single pot with no risk management in place. With this, you can easily distinguish a trader from a gambler.

This is the reason why traders succeed more than gamblers. Traders are focused more on technicals and fundamentals that becomes the bases for their decision making while gamblers stick to pure luck and and create decisions without solid bases and established analysis.

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Quote from: Kasabus on March 24, 2022, 05:05:49 PM

Quote from: Farma on February 13, 2022, 04:49:54 AM

well, the very big difference i know from gamblers and traders is, gamblers purely expect luck in doing that, while traders are based on analysis, research and also other things to get it. Moreover, in the world of traders you are not risking your money 100%, even when the price drops, you still have the same amount of assets. whereas in gambling, when you lose, you lose everything.

Traders and gamblers share a common thing, both have risks. But traders have their own way to lessen the risk because they make preparations prior to trading. And by making theirselves exposed to technical and fundamental factors in trading, they create higher chances to win their trades. However, gamblers do the opposite thing. They always gamble with no preparations, just pure luck. And when they start to gamble, they mostly go all in. So they end up losing everything.

Risks level would be different and we know that when it comes to sustainability then trading would really be giving that out thats why its important that you should
not really having that gambler like mind whenever you do make out trades because it would just really result into a messed up trading analysis.
You should separate that kind of mindset because it would really be never that looks good nor even beneficial thats why you should really be
that careful on handling up yourself.

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Quote from: Farma on February 13, 2022, 04:49:54 AM

well, the very big difference i know from gamblers and traders is, gamblers purely expect luck in doing that, while traders are based on analysis, research and also other things to get it. Moreover, in the world of traders you are not risking your money 100%, even when the price drops, you still have the same amount of assets. whereas in gambling, when you lose, you lose everything.

Traders and gamblers share a common thing, both have risks. But traders have their own way to lessen the risk because they make preparations prior to trading. And by making theirselves exposed to technical and fundamental factors in trading, they create higher chances to win their trades. However, gamblers do the opposite thing. They always gamble with no preparations, just pure luck. And when they start to gamble, they mostly go all in. So they end up losing everything.

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Quote from: Obito on February 25, 2022, 08:24:55 AM

I don't think that you should consider short-term trading as gambling because I think that there are successful short-term trading, I would agree with your other points as to what's making someone a gambler, and with all those points, I identify myself as a gambler although I don't believe that trading is like a casino.

From here you must not consider gambling as a short term business because here you can not profit by analyzing data on a daily basis. If you pray in between, you will see that sometimes you will gain and sometimes you will lose

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Here they are as much as some of their truth I believe traders and 1 Zara are always one and its gamblers both take risks and sometimes they do not play high risk trades and they leave the fear all the time they are often seen with much bigger risk They gamble and it is very important to have general knowledge about what kind of tide they need to know.

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Quote from: Cookdata on February 09, 2022, 05:45:52 PM

Unfortunately, most people confuse trading with gambling, When they trade(gamble) and lose money, they blame the market or blame what causes the incompetence and justify it with poor excuses.
It is not easy to be a professional trader, but practice makes you confident in what you do for a job. This is not a guaranteed or comprehensive trading strategy, but the few points are excellent for anyone to be a trader.

The problem with most of these newbies is that they are truly lacking in knowledge on what trading is all about. Most of them feel that trading is something that has to do with luck, but the truth is that this is not what it is all about, before you can succeed as a trader, you need to have a good plan or strategy that is very much reliable.

Trading is not something that you have to be relying on luck, because if you are someone who is going to be relying on being lucky all the time, then you are just going to be wasting your time as a trader because you will keep on losing every time you invest money in the market to trade.

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The most well-known conduct you would have at first is to resemble a player on which you are imprudent in addition to having no gamble the executives or care that much on your funds until you do lost cash. In the event that they use influence, get cash to exchange, they are really speculators. They are betting with the market, with individuals who give their credits, with influence, security liquidation.

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Quote from: Cling18 on March 20, 2022, 12:41:29 PM

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distinguishing traders from gamblers is very easy, the trick is if we trade by a rule,
or the trading rule is to analyze, read a fundamental, and update the news, that is a rule to trade well,
but if we ignore it all and trade without having knowledge or skills, then it is gambling, how? you know it yourself

Trading needs skills and knowledge while gambling needs luck. Trading is a long process of learning while gambling needs perfect timing. Things will still depend on how an individual is going to handle these fields because, to be honest, a wise gambler could also apply the positive traits of a smart trader especially if an individual knows how to control and handle his emotions.

I think that is a big myth that gambling relies on luck. I have seen gamblers that can turn pennies into thousands of dollars and it didn't only happen once or twice. They actually have a skill and knowledge, they know how to play the game properly but they can still be called to as gamblers because what they are playing is literally a gambling.

A trader can also be called to as a trader even if he trades randomly or can be considered to as gambling because he just relying on luck to make a profit. Not just in trading but indeed that self control or controlling your emotions is also important in gambling so that you can safely withdraw what you already won.

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Quote from: Fredomago on March 15, 2022, 02:26:21 PM

Quote from: darewaller on March 15, 2022, 05:47:06 AM

Quote from: TheUltraElite on March 14, 2022, 05:34:03 AM

Quote from: ?? on ??

I think you are right because being a trader is a part to get to perfection. one needs to have made some mistake that will make them better. If you analyse the crypto market and at the end things couldn't walk in the way you planned it, using the mistake to set pass makes one to understand more about the Market and make proper adjustments next time.

I dont see how you can do such adjustments unless you are day trading which by itself is more risky than spot trading. When day-trading traders use the indicators to understand how market moves, this is called technical analysis and it is only correct in about 50% of the cases. So you can make the decision to stick with day trading or stick to bitcoin long term buying and selling to get profit.

Also the term perfection does not exist in speculative assets. You can develop your methods but the basic concept remains the same. The whole game depends on the timing and patience.

I would say sticking to long term bitcoin buying (and not even selling) is a preferred method for me not only because it has better chances of making money but it is also a lazy method as well. I mean think about it, we are talking about making money by literally doing nothing. You buy bitcoin and ... do nothing. That is a great method and I like doing that.

However if you feel like you are a great trader then you should be going at it, go try some trading and if you are making money from it then keep that going, there is nothing wrong with that, the only downside would be not being a good trader, in which case you could go back to being a hodler.

If you feel comfortable doing the trade, why bother to stop, if you already established a good strategy better to move forward and keep trying to take advantage with how the market behaves, but if you don't have any working strategy, it's also good to buy and hold let your asset be treated for long-term investment.

We all see how big bitcoin become and if the progress continues we never know if how far this asset will be going,

it's your own decision making that will allow you to take good compensations from this market.

You are right, and I support that motion, if you have already managed to be profitable, that is practically a blessing because having so much profitability is something that not everyone achieves, in fact I think that it is close to being a professional, what happens is that I sense that there is certain mistrust, but for that mistrust it is better to have a controlled risk management only in that way is that you can have total control of your entire balance and make sure you are not going to lose, basically I think that is what you think, and not place all the balance only in q single operation.

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Quote from: ?? on ??

distinguishing traders from gamblers is very easy, the trick is if we trade by a rule,
or the trading rule is to analyze, read a fundamental, and update the news, that is a rule to trade well,
but if we ignore it all and trade without having knowledge or skills, then it is gambling, how? you know it yourself

Trading needs skills and knowledge while gambling needs luck. Trading is a long process of learning while gambling needs perfect timing. Things will still depend on how an individual is going to handle these fields because, to be honest, a wise gambler could also apply the positive traits of a smart trader especially if an individual knows how to control and handle his emotions.

shawon01

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What has been noticed here is some truth of their own as far as the past is concerned I really believe traders here at high tide I think it takes both risks and never it alone they take high risk trades I hope here can flow with emotion but Not all of the traders who can prove their business here are long-term traders here but others here and these are not important here in the end it is supposed to reward them.

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Quote from: btc_angela on March 09, 2022, 01:26:16 PM

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The gamblers should always get prepared that the market does not work in a way that everyone think it's going to go. Market is unpredictable and those who are gamblers would tend to loss more when things go wrong. Although there is always a urge to leverage more when one thinks the market is going to dance to our tune. I think the newbies trader sometimes do fall in this situation because of weak knowledge about the market.

For newbies, better be ready to lose money in the beginning, I think that is a given fact. You can't simply trade and be 100% on making money. So for me it's good to lose money but at the same time learning through experience. For gamblers, they doesn't care, as long as they think they will profit, they will bet everything they had. As compare to a good trader, wherein he looks for market signals before putting money into the game.

As a newbie trader I got liquidated thrice though I started trading with the amount of money I can afford to lose, I just wanted to test my trading strategy and learn from my mistakes, test my emotions and fears while live trading as well as modify my strategy, it wasn't easy initially when I started however with time and after passing through some learning period, I had started to grasp the whole idea of trading with the aid of Technical Analysis particularly using some repeated candlestick patterns and few indicators which form the core of my trading strategy, I strictly follow my rules and avoided gambling mentality while trading.

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Quote from: darewaller on March 15, 2022, 05:47:06 AM

I would say sticking to long term bitcoin buying (and not even selling) is a preferred method for me not only because it has better chances of making money but it is also a lazy method as well. I mean think about it, we are talking about making money by literally doing nothing. You buy bitcoin and ... do nothing. That is a great method and I like doing that.

However if you feel like you are a great trader then you should be going at it, go try some trading and if you are making money from it then keep that going, there is nothing wrong with that, the only downside would be not being a good trader, in which case you could go back to being a hodler.

Sometimes this approach makes me feel lazy and I dont get that feel that I am actually trading.

So I have my own method to solve this problem. I keep some coins for the long term hold (major fraction) while another part for weekly or monthly trading (minor fraction). The second one I will use to buy low and sell high between 10k USD ranges, like buy at 30k sell at 40k USD. This gives me a monthly profit and this adds to the traders' confidence level in my opinion.

You dont necessarily need to day-trade, go for mid-term with a portion of your holding. A bitcoin enthusiast can be an investor, a trade and a holder, no harm in that. Holding the majority of the assets is also what I recommend, from the previous charts of rise and fall.

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Quote from: darewaller on March 15, 2022, 05:47:06 AM

Quote from: TheUltraElite on March 14, 2022, 05:34:03 AM

Quote from: ?? on ??

I think you are right because being a trader is a part to get to perfection. one needs to have made some mistake that will make them better. If you analyse the crypto market and at the end things couldn't walk in the way you planned it, using the mistake to set pass makes one to understand more about the Market and make proper adjustments next time.

I dont see how you can do such adjustments unless you are day trading which by itself is more risky than spot trading. When day-trading traders use the indicators to understand how market moves, this is called technical analysis and it is only correct in about 50% of the cases. So you can make the decision to stick with day trading or stick to bitcoin long term buying and selling to get profit.

Also the term perfection does not exist in speculative assets. You can develop your methods but the basic concept remains the same. The whole game depends on the timing and patience.

I would say sticking to long term bitcoin buying (and not even selling) is a preferred method for me not only because it has better chances of making money but it is also a lazy method as well. I mean think about it, we are talking about making money by literally doing nothing. You buy bitcoin and ... do nothing. That is a great method and I like doing that.

However if you feel like you are a great trader then you should be going at it, go try some trading and if you are making money from it then keep that going, there is nothing wrong with that, the only downside would be not being a good trader, in which case you could go back to being a hodler.

If you feel comfortable doing the trade, why bother to stop, if you already established a good strategy better to move forward and keep trying to take advantage with how the market behaves, but if you don't have any working strategy, it's also good to buy and hold let your asset be treated for long-term investment.

We all see how big bitcoin become and if the progress continues we never know if how far this asset will be going,

it's your own decision making that will allow you to take good compensations from this market.

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Quote from: Oshosondy on March 15, 2022, 03:32:45 AM

Quote from: Smitty Werben Man Jensen on March 13, 2022, 10:19:40 PM

The more we try, the more we will know where the error is that must be corrected.
in trading we can't just theorize we have to be brave to try so that with a lot of experience it will make us better,
In addition to increasing understanding of the market, we need to always improve both knowledge and skills as well

Let me accept this to be true, but some traders are just losing because of the type of trading they are exposed to, some people started as a day trader and scalpers but continuing losing, just like me that started trading since almost two years ago but continue to lose, the loss has been as a result of still lack of knowledge and entering trading at the wrong time, but I do not know when the right time will come that I will make profit than losses. I decided to change to swing trading which is better. Also not everyone are meant to be a scalper or a day trader, swing and patient type of trading can be all what some people should be doing rather than wasting their time and effort and yet losing money on day trading and scalping.

Scalper or day trader is something like kind of trading which is the hardest among the all types of trading which basically means that you couldnt just involved yourself easily or directly without any sufficient experience

because it would really be just resulting into losses since this is really hard to be done and even myself do still struggle out on doing this despite of being a trader for years already.Just like you i do make out swing/
trend type of trading which is something that could easy to be handled out rather than with scalping. Sometimes it couldnt really be avoided on not to be having that gambler like mind but you would realize
that it isnt really much needed.

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Quote from: TheUltraElite on March 14, 2022, 05:34:03 AM

Quote from: ?? on ??

I think you are right because being a trader is a part to get to perfection. one needs to have made some mistake that will make them better. If you analyse the crypto market and at the end things couldn't walk in the way you planned it, using the mistake to set pass makes one to understand more about the Market and make proper adjustments next time.

I dont see how you can do such adjustments unless you are day trading which by itself is more risky than spot trading. When day-trading traders use the indicators to understand how market moves, this is called technical analysis and it is only correct in about 50% of the cases. So you can make the decision to stick with day trading or stick to bitcoin long term buying and selling to get profit.

Also the term perfection does not exist in speculative assets. You can develop your methods but the basic concept remains the same. The whole game depends on the timing and patience.

I would say sticking to long term bitcoin buying (and not even selling) is a preferred method for me not only because it has better chances of making money but it is also a lazy method as well. I mean think about it, we are talking about making money by literally doing nothing. You buy bitcoin and ... do nothing. That is a great method and I like doing that.

However if you feel like you are a great trader then you should be going at it, go try some trading and if you are making money from it then keep that going, there is nothing wrong with that, the only downside would be not being a good trader, in which case you could go back to being a hodler.

Topic: A few key points distinguishing traders from gamblers - page 2. (Read 883 times)