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Topic: Avoid trading unless you are sure of what you do - page 12. (Read 23297 times)

member
Activity: 73
Merit: 10
I would not compare gambling with cryptocurrency trading. In gambling, you rely more on your mind and Analytics than on luck. There is almost no Analytics in cryptocurrency trading,99% is luck.
starting gambling no need any skills.we could do it anytime as long as we have money.and also no any fundamental news that will moved the market.but gambling also easy to manipulated.
full member
Activity: 686
Merit: 108
I do not know and I also do not want to compare trading or gambling (poker or something). In my opinion it really needs management in trading both risk, information, strategy and analysis because we need it all so we are sure about what we will trade.
Trading is not simple as gambling, because you spend sleepless nights in order for you to produce a good guidelines for your trading. Avoid trading if you are not knowledgeable about it, keep making yourself better before you trade, this is for you own sake so you can save money.
sr. member
Activity: 784
Merit: 255
I would not compare gambling with cryptocurrency trading. In gambling, you rely more on your mind and Analytics than on luck. There is almost no Analytics in cryptocurrency trading,99% is luck.
full member
Activity: 868
Merit: 100
Proof-of-Stake Blockchain Network
Trading is very risky for me also those days that dump and  don't know what they doing in bear market season. Like a gambling don't know if going down or up the price of each coins but its a normal at this days we move up to 2019.
member
Activity: 784
Merit: 10
https://streamies.io/
Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
Yes, don't make investment a game of chance. A lot of people told me that investing in the crypto market or in the stock market is a game of chance. We cannot get the exact analysis. they were wrong.
we have to prove to them that all have a significant percentage of success and a percentage failure. When we have a slightly higher percentage of winnings, make a big investment. Be sure and confident about your investment and show people that investing is not a chance game.
newbie
Activity: 28
Merit: 0
Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

Absolutely, If you are beginners getting directly on trading can cause a huge loss. If you want to learn then there are testnet available for practice and you can also follow good traders and also articles study how too use Technical Analysis tools and then jump into trading.

Trading is a very stressful process and parallel to which its a addictive thing. There are people who have traded even after facing losses. Other fact is that there is no trader who has not faced losses. Thus, Loss and gain are part of the game. Read how to use technical tools understand, start using them and then have your own strategy on which you can completely rely on.

Technical analysis for your reference: https://coinswitch.co/info/technical-analysis-for-beginners-detailed-guide-on-technical-analysis
hero member
Activity: 980
Merit: 523
As I know trading is most likely a gambling very addictive and low % to win but it depends on the price also crowd control of the price if gonna pump or dump. But trading much better on gambling sites.
I guess you are talking with respect to current market situation but we can be sure about drastic changes in markets in coming months and then trading will be another income stream like how it should be.

Due to negative market conditions, many traders have lost their faith and capital and looking forward for some other field for their survival and this is the reason why whales are still able to control the markets. When more number of traders will be joining then whales will lose their power. We need to introduce cryptos into many people so that we will be having a balanced system.
full member
Activity: 700
Merit: 100
Proof-of-Stake Blockchain Network
As I know trading is most likely a gambling very addictive and low % to win but it depends on the price also crowd control of the price if gonna pump or dump. But trading much better on gambling sites.
member
Activity: 476
Merit: 10
Yes don't spend times for trading if you don't have skill about risk management and trading plan, because trading without it will become the same like gambling. Trading will be become good business if you have already enough knowledge to manage the risk. So learn more first how to manage the risk and then you can start trading.
legendary
Activity: 1708
Merit: 1006
I do not know and I also do not want to compare trading or gambling (poker or something). In my opinion it really needs management in trading both risk, information, strategy and analysis because we need it all so we are sure about what we will trade.
You can but you shouldn't since you gain money from Gambling and Trading in different ways. You gamble, you put your money on Red on roulette, your money will earn if the ball lands on Red. You still earn even when the ball lands on Red and Bitcoin/Altcoin price is down. In Trading, if you know already that the market is all red, you have the choice to continue at your own risk despite the flags that was given to you. In gambling there is no flag, because your winning is based on chance.
legendary
Activity: 1386
Merit: 1058
In my opinion it really needs management in trading both risk, information, strategy and analysis because we need it all so we are sure about what we will trade.
Yes, effective management of money and risk may lead to success in trading. Timely decision making is more important while trading because market will wait for none. We should decide well in advance where to book profits and where to put stop-loss. If we do not know manage money, risk and time then it must be good to stay away from the markets. Because, it would be much better not trying trading like a gambler.

I am prepared to all of the unexpected situation that I will experience because I always recalling that there are really times that I cannot win in trading.
This is how our experience will safe guard us. We must make use of our past incidents to find out when to trade and when to stay away. But, most traders are failing to distinguish hard and smooth markets and then losing their capital which leads to miss out the right and easy opportunities.
hero member
Activity: 1666
Merit: 502
I do not know and I also do not want to compare trading or gambling (poker or something). In my opinion it really needs management in trading both risk, information, strategy and analysis because we need it all so we are sure about what we will trade.
full member
Activity: 476
Merit: 100
Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
The risks are so high in trading of cryptocurrency so we can't ensure if we can earn profit by taking the risks. I am prepared to all of the unexpected situation that I will experience because I always recalling that there are really times that I cannot win in trading.
full member
Activity: 854
Merit: 108
Well, this should be the SOP especially to the new comers that we should be sure we're right then go ahead as Bitcoin market now is really unpredictable because the bearish market is still in effect. To make the trading safe then constant monitoring is recommended and invest only what you can afford to lose.
legendary
Activity: 1414
Merit: 1001


The only way you can be sure of in trading is that when you get buy a coin where its price is less than a cent and then wait for the price to spike up. That's is a sure way to profit but if you trade like dump because the price already shoot up and then waiting for the price to dip again can be tricky.
You're wrong buddy because there also some certain things or steps ones need to take to avoid loses because and a coin when it price is small and then wait for the price to spike up is the most risky part. Meanwhile, crypto currency market will always experience dump in price sooner or later after it reach a new ATH.
Yes, it is right, that there will never be a certainty in the crypto system. so most of the coins in circulation will only decrease in price and only really quality coins will survive. This is a sure thing and for anyone who wants to invest in the trading world, he must be really smart in choosing potential coins.
newbie
Activity: 9
Merit: 0
every success will have many bad experience, business without bad experience is not possible we should be prepared for that     
hero member
Activity: 1834
Merit: 566


The only way you can be sure of in trading is that when you get buy a coin where its price is less than a cent and then wait for the price to spike up. That's is a sure way to profit but if you trade like dump because the price already shoot up and then waiting for the price to dip again can be tricky.
You're wrong buddy because there also some certain things or steps ones need to take to avoid loses because and a coin when it price is small and then wait for the price to spike up is the most risky part. Meanwhile, crypto currency market will always experience dump in price sooner or later after it reach a new ATH.
full member
Activity: 1470
Merit: 103
COMBO 2.0
Sometimes if you are not careful the whole trading turns into a gambling game like betting on soccer and you end up losing more money so the best thing to do is to know some analysis and some fundamentals and then make some moves
legendary
Activity: 1890
Merit: 1003
Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
That is a right statement to carry, if you are taking a trade you must know why this trade needs to be taken. Every trade taken should have a strong fundamental or technical base. Trading is not just predicting the market w/o any base but it is a passion with strong logics. Trading is no gambling or addictive provided you need to take trading as profession.
Trading is mainly treated by new traders as job but i prefer to call it as business. Logic doesn't work unless mixed with emotions which can change opinion of market participants depending on the market situation. Trading is not addictive as gambling but it is not for everyone. Trading decisions need strong technical or fundamental background.
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
They say you need to feel how to fail first before you understand how to succeed. Learn from mistakes, not juts  one or two but a lot of them, then when you tried it all, its time to apply what you learned. If after all the mistakes that you encountered and yet you still don't learn, then its not for you or you don't take your business seriously.
I am with this saying which you cant really learn if you don't atleast try.You do like trading but you are afraid to lose money then you wont really able to learn it ever and being unsure on your actions is normal
but losing money is very unavoidable with this venture.You will mold yourself to be a better trader if you do able to pass countless errors or trials along the way and this don't really happen overtime.
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