Journey from gambling to trading - page 7.

Cosbycoin

hero member

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Quote from: Noah14 on October 31, 2018, 06:17:55 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
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

Profits doesn’t come when you haven’t taken your time to learn the business and understand everything about how it works and how to do it. A lot of people does the same thing, and when they lose their money in the trade, they quickly conclude the exchange was scam, they will never believe that they lost their money because they didn’t take their time to learn the trade, and that’s foolishness.

gabmen

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Quote from: Finestream on December 13, 2018, 10:22:31 AM

Quote from: herurist on December 12, 2018, 10:22:03 PM

Quote from: Noah14 on October 31, 2018, 06:17:55 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
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 agree with you and I must say that is my biggest mistake when start trading 2 years a go. Not good experience but it will give you big picture about market and how it works. The second learning I get from my mistakes is trust with others people that I don't know. Always trust your skill and never do the same mistakes.

Yes.Once you get into trading,make sure that you are knowledgeable already about how the market moves so you won't see yourself losing in the end.Atleast you have some experiences before entering into the real field of trading.Because in trading,you cannot always expect gaining profits just like gambling.But more likely it's still better to engage in trading because you still have more chances of winning rather than losing.

Well losing money is always part of the process for trading whether it's crypto or stocks. You can be an efficient trader unless yoy go through all that. And trading is always closely similar to gsmbling for beginners until you gain enough experience and knowledge.

Coolman4

newbie

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with experience and learning we can earn both in trading and gambling if we dont do it correctly than both can cause us loss

hermankoles

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placing crypto in exchange is a big mistake because hackers can enter their servers at any time and take our money, immediately move it to a personal wallet to make it safer. always for your investment into a number of portfolios to minimize losses when prices go down or because of other factors and this is important to learn to be more able to provide profits

flying_bit

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Gambling is like trading, both risky and the only way to win is to strategize and learn the game. No other way, no shortcut...or you will just lose.

Yatsan

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Quote from: sgenuine on December 12, 2018, 03:09:00 PM

Quote from: emberbekas on December 11, 2018, 08:25:05 AM

Quote from: Pamahaw on November 21, 2018, 08:44:22 PM

Quote from: musharaf on November 12, 2018, 01:22:28 PM

I have been spent time in trading but i have never came for gambling so i have no idea that how gambling is meaningful to me and may be in future i have to start gambling then it is also a good way to make money and we can participate in the crypto community and if we have time we can use it for earning people earn a very good amount from this gambling and then they trade what they have earned in the previous gambling.

In my own view, trading is some sort of a gambling because you are in for the profit and you might lose or win at times just like in gambling. In trading, it is you who control on what coins to buy while in some gambling like sports you money is dependent on how the team is doing. If they lose, you lose also.

Just like gambling, at a certain point, trading can have the same characteristics. A very striking difference is, on trading we can wait longer to get results that are in accordance with our wishes, of course with all the risks that exist. Whereas in gambling, when the results are out, our betting will automatically end. We can continue with the next bets. I mean, in trading it is up to us when to end our trading session. Our actions are not necessarily determined by events.

Trading differs a lot from gambling. Even the best casino players and those, who bet online understand that very often a blind risk can make them losers or winners. Traders use their knowledge and skills mostly.

Indeed. Trading is much complex than gambling. I tried gambling many times and it is easier than trading, you just sit and play have luck and go see result if you win or lose there is risk but unlike trading most of the time you need to think and analyze your every move to prevent losing on the market and much more have different strategies than gambling.

Finestream

hero member

Activity: 3052

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Quote from: herurist on December 12, 2018, 10:22:03 PM

Quote from: Noah14 on October 31, 2018, 06:17:55 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
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 agree with you and I must say that is my biggest mistake when start trading 2 years a go. Not good experience but it will give you big picture about market and how it works. The second learning I get from my mistakes is trust with others people that I don't know. Always trust your skill and never do the same mistakes.

Yes.Once you get into trading,make sure that you are knowledgeable already about how the market moves so you won't see yourself losing in the end.Atleast you have some experiences before entering into the real field of trading.Because in trading,you cannot always expect gaining profits just like gambling.But more likely it's still better to engage in trading because you still have more chances of winning rather than losing.

Rohtox

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really learn a lot before joining crypto because crypto can make you lose when playing gambling. Psychology is also important for not panicking easily because it's bad

hawkins

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Activity: 1204

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Quote from: deadsilent on December 12, 2018, 09:21:58 PM

Gambling and trading don't have pretty much difference. They're both risky. Gambling is a game for entertainment and trading is a job. They're just different depends on how or why you do it for. But for me, there's no difference at all. But trading can give you passive income than gambling. That's if you know how to do it. Many traders can still find trading profitable even the market don't behave like it was before when the people are on FOMO.

yes, some people think like that. sometimes, we cannot see the difference between gambling and trading depending on luck. well, but the difference from trading and gambling is the information in it. besides, trading also has a small risk, and all controls are controlled by us, different from gambling.

Kiyokooiko

newbie

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i have a time like you. but now i think this market give me a lot of experince

herurist

sr. member

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Quote from: Noah14 on October 31, 2018, 06:17:55 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
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 agree with you and I must say that is my biggest mistake when start trading 2 years a go. Not good experience but it will give you big picture about market and how it works. The second learning I get from my mistakes is trust with others people that I don't know. Always trust your skill and never do the same mistakes.

deadsilent

hero member

Activity: 1148

Merit: 500

Gambling and trading don't have pretty much difference. They're both risky. Gambling is a game for entertainment and trading is a job. They're just different depends on how or why you do it for. But for me, there's no difference at all. But trading can give you passive income than gambling. That's if you know how to do it. Many traders can still find trading profitable even the market don't behave like it was before when the people are on FOMO.

xialan_lu

full member

Activity: 335

Merit: 100

Quote from: hubballi on December 12, 2018, 05:17:17 PM

In my sense Trading is same like sports betting , where you have option to change the bet and even book profit for small profit before game results. But in casino, dice, gambling you dont have option to change your bet and book in between profit.

In addition; can't hodl or cut loss. Although the way of working and the level of risk trading is almost equivalent to gambling, but both of them still have differences. Even so, but for some reason, most ordinary people always consider trading to be gambling, even though it's clearly very different.

jakezyrus

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Activity: 714

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Quote from: hubballi on December 12, 2018, 05:17:17 PM

In my sense Trading is same like sports betting , where you have option to change the bet and even book profit for small profit before game results. But in casino, dice, gambling you dont have option to change your bet and book in between profit.

nice analysis . i agree that both trading and sports betting are the same because both have identical features but when it comes to risk , all gambling games are the same on trading or investing in cryptos because they are all unpredictable .

In my case , i also change my journey because before im also addicted to online gambling but not anymore until i realize that i only looose more than i won . that forced me to switch on crypto trading but i also switch to investing ever since that the crypto market is not in a good condition .

hubballi

sr. member

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In my sense Trading is same like sports betting , where you have option to change the bet and even book profit for small profit before game results. But in casino, dice, gambling you dont have option to change your bet and book in between profit.

Aleh777

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Activity: 352

Merit: 100

Quote from: sgenuine on December 12, 2018, 03:09:00 PM

Trading differs a lot from gambling. Even the best casino players and those, who bet online understand that very often a blind risk can make them losers or winners. Traders use their knowledge and skills mostly.

If you are a gambler you can always compare trading to gambling in some aspect. What do they have is common is the chance to win or lose. While in gambling the result is instant while in trading the result takes time and that is the difference of the two. In terms of skill, it depends of the person doing the trading and gambling. You must be good if you engage to both gambling or trading.

sgenuine

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Activity: 854

Merit: 103

Quote from: emberbekas on December 11, 2018, 08:25:05 AM

Quote from: Pamahaw on November 21, 2018, 08:44:22 PM

Quote from: musharaf on November 12, 2018, 01:22:28 PM

I have been spent time in trading but i have never came for gambling so i have no idea that how gambling is meaningful to me and may be in future i have to start gambling then it is also a good way to make money and we can participate in the crypto community and if we have time we can use it for earning people earn a very good amount from this gambling and then they trade what they have earned in the previous gambling.

In my own view, trading is some sort of a gambling because you are in for the profit and you might lose or win at times just like in gambling. In trading, it is you who control on what coins to buy while in some gambling like sports you money is dependent on how the team is doing. If they lose, you lose also.

Just like gambling, at a certain point, trading can have the same characteristics. A very striking difference is, on trading we can wait longer to get results that are in accordance with our wishes, of course with all the risks that exist. Whereas in gambling, when the results are out, our betting will automatically end. We can continue with the next bets. I mean, in trading it is up to us when to end our trading session. Our actions are not necessarily determined by events.

Trading differs a lot from gambling. Even the best casino players and those, who bet online understand that very often a blind risk can make them losers or winners. Traders use their knowledge and skills mostly.

cryptoblue77

member

Activity: 472

Merit: 10

Most newbies make mistake, as they enter the market they want to earn profits at the beginning which is not possible. Most of the time, they ended up losing all their money. So, if they concentrate on learning about trading then it would be profitable for them in future.

Kimi80

sr. member

Activity: 750

Merit: 252

Fist things first. You have to get familiar with matter before you decide to invest, otherwise it is almost certain way to doom. It`s how it works in all fields, not just in crypto market trade. Theoretical and practical knowledge need to go together in order to gain required skills. Without that it really is gambling.
Even the most experienced and educated traders can not be always sure that have made good investment. Unpredictable things could happen, that are out of our control no matter what analyzes we relies on, it became wrong investment and loss of funds is inevitable.
The worst thin is to lose hard earned money, it hurts the most. People should be very careful with managing it.

cryptorima

jr. member

Activity: 278

Merit: 1

There have lot of difference between trading and gambling. I will say that gambling is more risky than trading. If you are going to start trading then you should learn about it properly. Cause enough knowledge you can't get success in trading.

Topic: Journey from gambling to trading - page 7. (Read 2857 times)