Topic: Journey from gambling to trading (Read 2903 times)
newbies start trading with gambling only , knowingly or unknowingly but when they lose money and then rewind what they done and ask some pro they will know that investing is and how its done , people who dont see this mistakes will be gambling only and stop when they lose every money they had
at first I analyzed it might be said between gambling and trading, because it was still in the learning process, and did not know the characteristics of the market. but luckily, at least now I understand, and try to remain consistent in the analysis that has been made as a basis for taking action
Analysis helps a lot in terms of this business, when you already have big experienced and you able to work more in enhancing your skills trading can be treated as a good source of income, learning the best practices will lead you to expand more ideas and you are now working with system that can generate profits from time to time.
It was really like a gambling when I started trading for the first time, as a result I lost some funds and lesson learned. I took the appropriate steps after that loss like learning the proper ways in trading and mastering some of the technical analysis. I also learned fund and risk managements to avoid more losses in the future. Another common enemy of trading is emotion and I've been trying to control it in every time I trade.
Many users of cryptocurrency simultaneously use gambling and trading at the same time as a hobby. Of course, this takes a lot of time, but apparently their results are really very good.
all traders learn by mistakes only we should know that mistakes should not be done again , and experience is most valuable thing in trading and money will be lost in initial days we should learn risk management and manage trades
You definitely need to always learn any activity, especially here the risk is associated with the loss of their earnings, it is important to devote a lot of time to this area and understand for yourself, to find a strategy
therefore to travel from gambling to trading it will be very difficult to achieve great results such as gambling because to trade it must have a good strategy because it can benefit, unlike gambling relying solely on luckIt's best to learned more strategy that will fits in every situations inside the trading exchange, plans that will make you more comfortable while doing this business, you have to make a good research and stop treating thigs like you are still in gambling, trading is much better when you indeed learn the principles and the difference between the two.
You definitely need to always learn any activity, especially here the risk is associated with the loss of their earnings, it is important to devote a lot of time to this area and understand for yourself, to find a strategy
therefore to travel from gambling to trading it will be very difficult to achieve great results such as gambling because to trade it must have a good strategy because it can benefit, unlike gambling relying solely on luck
It was really like a gambling when I started trading for the first time, as a result I lost some funds and lesson learned. I took the appropriate steps after that loss like learning the proper ways in trading and mastering some of the technical analysis. I also learned fund and risk managements to avoid more losses in the future. Another common enemy of trading is emotion and I've been trying to control it in every time I trade.
Good development, everyone can learn and improve their strategy in trading, it's easier to make money in trading than in gambling because your analysis in gambling doesn't help much to increase your probability of winning, that house edge will make you lose, in trading there is no house edge.
I do not think so. If we don't put money in the school, we can't learn anything, we don't draw valuable experience. All theoretical lessons are meaningless, only when entering is the school really learning.
at first I analyzed it might be said between gambling and trading, because it was still in the learning process, and did not know the characteristics of the market. but luckily, at least now I understand, and try to remain consistent in the analysis that has been made as a basis for taking action
It was really like a gambling when I started trading for the first time, as a result I lost some funds and lesson learned. I took the appropriate steps after that loss like learning the proper ways in trading and mastering some of the technical analysis. I also learned fund and risk managements to avoid more losses in the future. Another common enemy of trading is emotion and I've been trying to control it in every time I trade.
Good development, everyone can learn and improve their strategy in trading, it's easier to make money in trading than in gambling because your analysis in gambling doesn't help much to increase your probability of winning, that house edge will make you lose, in trading there is no house edge.
Well, it sounds different. Gambling may not be far from trading but of course, gambling needs luck in order to have some buck unlikely it happens into trading which it needs more on strategies. If we want to be more profitable, then leaving gambling into trading is the best steps we have taken.
Ain't no problem if we don't have knowledge in trading cause we can learn it at any time.
Ain't no problem if we don't have knowledge in trading cause we can learn it at any time.
I've played both, gambling and trading, in my opinion the best is only HODL,
trading and gambling requires good management, a lot of experience and good knowledge, because if one of the three doesn't exist then our emotions will be disturbed, such as easily anxious and others.
trading and gambling requires good management, a lot of experience and good knowledge, because if one of the three doesn't exist then our emotions will be disturbed, such as easily anxious and others.
When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning
Well, that actually most of the newbies did here mate, they don't know how to listened about the reminders of the old members here in the forum, then because of their stubbornness they always loss their coins in the end. But good to hear that you learned from your mistakes and
I admired you on that decision you've made now, so keep up the good work.
In addition to that most newbies are stubborn and greedy, they always wanted to earn fast here. They thought there is shortcut for them to earn huge here but its not of course, we all knows that. For us to earn big here into crypto trading we really need to work for it.
When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning
Well, that actually most of the newbies did here mate, they don't know how to listened about the reminders of the old members here in the forum, then because of their stubbornness they always loss their coins in the end. But good to hear that you learned from your mistakes and
I admired you on that decision you've made now, so keep up the good work.
In addition to that most newbies are stubborn and greedy, they always wanted to earn fast here. They thought there is shortcut for them to earn huge here but its not of course, we all knows that. For us to earn big here into crypto trading we really need to work for it.
Need knowledge and experience long enough to evaluate different investments and gambling. If you have good knowledge and are deep enough, gambling is also an investment but if you do not have knowledge, investment is no different from gambling. So prepare yourself well before deciding to invest in any problem.
In this comparison: Investment - gambling = Knowledge(?) I don't think so. There are a lot of variables which can change the result of the gambling event but it is not same for the investing. Both require money management but the luck determinant is an important one in gambling. but if I talk about investing in crypto I think besides requiring knowledge, and experience also still requires luck.
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When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning
this is the same thing happens with all newbies its good that you understand the reality learn after you struggle and work-hard you will be making profits and gain success in trading I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning
@Noah14, if you enter the market during bullish trend you wont be aware of the risk in crypto trading.
Both require money management...
I agree....
but the luck determinant is an important one in gambling.
It's important but not really what is needed in order to win, when we are gambling, we are not just satisfied with one win, as much as possible, we want to win most of the time and that is very if we are just a gambler which relies solely on luck.
Need knowledge and experience long enough to evaluate different investments and gambling. If you have good knowledge and are deep enough, gambling is also an investment but if you do not have knowledge, investment is no different from gambling. So prepare yourself well before deciding to invest in any problem.
You can talk a lot about what the difference or similarity between gambling and trading, but somehow only a certain excitement among users unites them. Anyone who knows the game of chance and trade firsthand, he will understand that they can not be compared, and the more so to combine. If someone played a game of chance, it does not mean that he can become a successful trader if he does not have certain knowledge and experience.
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