Topic: How much gambling is in trading cryptocurrencies? - page 7. (Read 1010 times)
Trading will only become gambling once you depend on your luck, and that is why many lose the money because they didn’t do anything aside from a guess buy and sell strategy. You can be more good in trading once you do analyze the market, this is your hard work is needed and you should do this to avoid such losses. Those trader who succeed in this market didn’t think this as a gambling, but they treat this market as their job and they have to do their part to get the profit.
Trading is gambling for newbies and those that do not know the right thing to do while trading, but trading is not gambling. One thing about gambling is that you can lose all your money just at ones, but trading helps by making the loss to be gradual and the end result can support your trade or position opened in a way unrealized loss could become profit.
What I just know in trading is that you should not look for amount of profit you are not willing to lose, it is very important. But there is more to trading which would be very helpful, but if not known, then trading is gambling for such people and the result can be a big loss.
What I just know in trading is that you should not look for amount of profit you are not willing to lose, it is very important. But there is more to trading which would be very helpful, but if not known, then trading is gambling for such people and the result can be a big loss.
Hi,
Recently I began to wonder if crypto trading couldn't be perceived as gambling by its pure form. I know that we have here enthusiasts of crypto trading but I hope we can take it cool and try to think of it reasonably. Having this conversation might be helpful not only for beginners but also for more advanced traders. By saying that I mean people who trade longer, not necessarily who gain more profit.
First of all, I must say that by no means am I trying to state here one and only truth. This post is rather a bunch of my own thoughts which I would like to share and develop.
The question arose when I was trading during one of my daily session and it was neither good nor bad as for the closing balance sheet. The problem was that I was using my limited knowledge and at that point all I was doing was like trying to find something elusive. I knew it was there but couldn't really predict anything. The best metaphor I can find is pretending to be a doctor and curing people without having a clue about medicine. What it implies is that you can't be a good doctor without studying huge amounts of material and reviewing multiple case studies. Before you reach a certain level, you can easily hurt people or hurt your wallet.
This is where I come to the conclusion that for most of people who trade, trading is just a gamble. Sometimes they win, and this is where legends are born most of the times. Sometimes they lose, what happens more often. In general we are lured by huge and rapid wealth and such desires are addictive, especially if you succeeded a couple of times. Only few are determined enough to reach a level of proficiency before losing it all - money, hope and a touch of reality.
It sounds depressive as I read it but this is how I see this.
Recently I began to wonder if crypto trading couldn't be perceived as gambling by its pure form. I know that we have here enthusiasts of crypto trading but I hope we can take it cool and try to think of it reasonably. Having this conversation might be helpful not only for beginners but also for more advanced traders. By saying that I mean people who trade longer, not necessarily who gain more profit.
First of all, I must say that by no means am I trying to state here one and only truth. This post is rather a bunch of my own thoughts which I would like to share and develop.
The question arose when I was trading during one of my daily session and it was neither good nor bad as for the closing balance sheet. The problem was that I was using my limited knowledge and at that point all I was doing was like trying to find something elusive. I knew it was there but couldn't really predict anything. The best metaphor I can find is pretending to be a doctor and curing people without having a clue about medicine. What it implies is that you can't be a good doctor without studying huge amounts of material and reviewing multiple case studies. Before you reach a certain level, you can easily hurt people or hurt your wallet.
This is where I come to the conclusion that for most of people who trade, trading is just a gamble. Sometimes they win, and this is where legends are born most of the times. Sometimes they lose, what happens more often. In general we are lured by huge and rapid wealth and such desires are addictive, especially if you succeeded a couple of times. Only few are determined enough to reach a level of proficiency before losing it all - money, hope and a touch of reality.
It sounds depressive as I read it but this is how I see this.
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