but in trading we need many things other than money,money management , emotion control , analysis , i can say Trading is professional gambling
Topic: Journey from gambling to trading - page 14. (Read 2883 times)
in gambling we need only one thing that is money
but in trading we need many things other than money,money management , emotion control , analysis , i can say Trading is professional gambling
but in trading we need many things other than money,money management , emotion control , analysis , i can say Trading is professional gambling
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
In gambling the chance or probability of winning is so slim that it is not worth to gamble just to earn profit. It is a good thing that you realized this early that gambling will not do good for you. Shifting to trading is a good idea but don't set your mind that you will earn profit here quickly. You have to work hard and give it some time before you earn. 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
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
actually in the world of bitcoin buying and selling is like we do gambling, but actually it is not like that because gambling with buying and selling is not the same, if gambling we can lose all without being able to return but if we buy and sell bitcoin you can indeed reduce but not means lost and can return again if the value of bitcoin rises, we can even profit a lot if the value rises sharply. 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
Very good to know, the gambler will always it is a very tough job to make money through gambling. From trading, even though we lose value but when the prices start increasing we can easily make more money. Gambling is very risky one to make money and chances of losing money is very high through gambling.
I lost most of money in gambling but because I see trading I stop playing gambling. More traders who are from gambling are change their life because they will stop gambling and they start doing trading and most of them became rich because they invested bitcoin and altcoins last few years ago.
Your experience could be a lesson for the new traders. Not only you, but most of the newcomers also came into the crypto world to earn quick money while they know nothing about how the system works! Not only in trading, rather investing in ICOs or even holding needs knowledge and lesson. Your last statement was clear, everyone should learn first then they should practice with a tiny amount of money then they can hope for profit in their real trade.
We have many experiences in crypto when we started to take the risks by investing. It is a gambling that you should have given the time and effort to learned. It is not should be for fun to waste of time and money it should be taken seriously since you will put your earn money in trading. Therefore, learned first before putting your money in crypto or start trading in order not to lose.
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
That would be the hardest lesson you'll ever encounter in your life since you are just a newbie in this crypto market though it is not too late to start and try again. You may not want to do that silly thing that you have done before or else you will always feel the regrets and agony of losing your hard earned money. And also by doing some research, reading, taking notes, and any important details is very essentials in trading field. 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
You are not the only one who thought that gambling and trading are almost the same and that the equal rules could be applied.
But for trading you need to have some knowledge and expertise to be successful and get some profit. In gambling you depend on luck in majority of cases so it's totaly different approach.
And if you are a good gambler that doesn't mean you will be a good trader and vice versa.
But for trading you need to have some knowledge and expertise to be successful and get some profit. In gambling you depend on luck in majority of cases so it's totaly different approach.
And if you are a good gambler that doesn't mean you will be a good trader and vice versa.
Depending on how you trade it is still gambling.
You are like betting the price will move on the direction you bet.
I don't think so, what you are not doing is betting on where it will go but you are buying something where you put some educational background on it before you even buy it. In gambling you only have some patterns and last outvomes of the bet yet it doesn't really increase your chances on guessing the right bet. With technical analysis you are actually limiting the risk as TA helps you find out where the trend might be which has been proven even in other markets that it works. Please do not mix the two again. As just by buying it without doing any research is only guessing that it will go up. You are like betting the price will move on the direction you bet.
now i am have learnt many things about trading and now making little profits
This post is useless, since you haven't explained what exactly it is that you learned which turned you from a gambler to what you consider a "trader". It's not helpful for anyone, and for all we know you could just be telling us a story.I lost because i didnt manage risk correctly
i got some Books in telegram Trading in zone , Trading for leaving , Trade mindfully
i did get some video course also which helped me to learn
I consider trading as one type of gambling only, because when you do it unknowingly (or even if you know about your trade), and it goes against you (your bad luck or if you enter at the wrong time), then it is totally a gamble of your money only. While you're talking about learning only, take one from me - When there's blood on the streets, buy it on as it'll only give you profits but for that, keep watching the whole market and only buy when it shows any signs of recovery and only buy when all coins show a recovery of at least 5-7% of gains. It's not really good to put your complete money into one, diversify - but only diversify them into the best projects into a 50-50, 30-30-40 or 60-40 ratio. Don't put what you can't afford to lose, use an amount that you're not worried about even in the loss case.
Depending on how you trade it is still gambling.
You are like betting the price will move on the direction you bet.
Because without knowledge capital then you just go back to gambling in trading. you have to learn first about the market, its changes, what instruments affect the market, how to analyze and so on, don't let you try but you don't understand it, because you dont want to repeat mistakes the same as in gambling right?You are like betting the price will move on the direction you bet.
is very different between gambling and trading. gambling relies more on probability and luck in decision making. while trading requires technical and fundamental analysis, understanding market trends, emotional controls and abolishing greed and more. both have the possibility of high profit but rational trading is still better.
If you still play gambling then switch on trading because it is more profitable
If you still play gambling then switch on trading because it is more profitable
Depending on how you trade it is still gambling.
You are like betting the price will move on the direction you bet.
Because without knowledge capital then you just go back to gambling in trading. you have to learn first about the market, its changes, what instruments affect the market, how to analyze and so on, don't let you try but you don't understand it, because you dont want to repeat mistakes the same as in gambling right?You are like betting the price will move on the direction you bet.
Gambling and trading are two different things with different side. Gambling depends on luck and here has a lot of chance to loss capital. It is much risky than trading. On the other hand, trading can help you to make money if you start it with correctly. Experience and knowledge also be needed here.
now i am have learnt many things about trading and now making little profits
This post is useless, since you haven't explained what exactly it is that you learned which turned you from a gambler to what you consider a "trader". It's not helpful for anyone, and for all we know you could just be telling us a story.I lost because i didnt manage risk correctly
i got some Books in telegram Trading in zone , Trading for leaving , Trade mindfully
i did get some video course also which helped me to learn
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
nice to hear that you managed to make a small profit! You indicate that you have learned a lot in the meantime, what have you learned in the world of crypto trading? Do you use trading signals? Most of the times I use the signals from https://cryptocointraders.org/, they have a 89% success rate which has already helped me to increase my profits!
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
nice to hear that you managed to make a small profit! You indicate that you have learned a lot in the meantime, what have you learned in the world of crypto trading? Do you use trading signals? Most of the times I use the signals from https://cryptocointraders.org/, they have a 89% success rate which has already helped me to increase my profits!
not using any trading signals , i did some searching in telegram i got some books and video course which helped me in learning
I am practicing what i have learnt and want to perfect it rather than searching for new things
Trading is similar to gambling where you may lost or win when requesting to buy or sell and altcoin. The only difference is that risk csn br manage in trading while in gambling, you only rely in pure luck. You can make proper decisions in trading by applying TA and FA. It really is not advisable to trade if you don't know what are those risk you will be facing.
Trading is gambling if anyone dont give respect to risk and money management one will be leaving market with huge loss Jump to: