Journey from gambling to trading - page 16.

Brawnsugar

jr. member

Activity: 126

Merit: 5

Quote from: bitmover on October 31, 2018, 05:42:13 AM

Depending on how you trade it is still gambling.

You are like betting the price will move on the direction you bet.

Would you also call trading with TA gambling too? I thought once a trade placed is a product of some analyses, then it isn't gambling. In gambling it's either head or tail and you're definitely on one side of the bargain, but in trading, you're on both sides technically as you set TP prices and SL prices should things not go as planned and you're taken out of the trade.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Depending on how you trade it is still gambling.

You are like betting the price will move on the direction you bet.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Noah14 on October 31, 2018, 05:17:55 AM

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

So you're one of those noob's who simply think that they can get huge amount of money here. You thought that this is a get rich quick scheme. Its a hard and expensive lesson to learn, isn't it? For sure you FOMO as well at the end of the year, sadly though the sentiments have changed. And now you realized what you have done, but its not too late.

Quote from: Noah14 on October 31, 2018, 05:17:55 AM

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

Exactly, you need to work very hard here. There's no magic or secret here, everything is written on the board. Work your ass off and get the rewards and learn through your mistakes and let experience be your best teacher.

Noah14

newbie

Activity: 70

Merit: 0

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

Topic: Journey from gambling to trading - page 16. (Read 2903 times)