Journey from gambling to trading - page 8.

bravehearth0319

hero member

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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
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 all of what you said was all true, it is actually most often happened for the novice like you here who always wanted to earn quickly in the market without giving effort to learn first before proceeding at once in trading market. In short, they want to reap immediately without doing sowing which is not possible and we all knew that.

emberbekas

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Quote from: Pamahaw on November 21, 2018, 07:44:22 PM

Quote from: musharaf on November 12, 2018, 12:22:28 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.

Charlie3

newbie

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most of the traders start with gambling only even i did the same with experience and losses only we can learn in this trading world

DavidNiva

newbie

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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.

Our initial goal was to trade to get as much profit as possible with small capital, even in the trade of crypto currencies things like this were very suitable, but we became aware of how crypto trading was very much like gambling, so we only lived as perpetrators of currency trading, as long as it makes us profitable, so our position is that a trader is not a gambler.

Pamahaw

copper member

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Quote from: musharaf on November 12, 2018, 12:22:28 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.

LuvCyanide

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We all learn from our mistakes. It's never too late to learn. Trading cryptocurrency on the bear market is always a big risk, even if you know a lot about trading.

pant-79

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Quote from: iv4n on November 20, 2018, 01:53:23 PM

Quote from: pant-79 on November 20, 2018, 11:58:51 AM

Many of us started trading crypto currencies with their purchase. And we got experience from practice. Of course, gradually, we studied the necessary information and gained knowledge.
To current newcomers would like to recommend doing things a little differently. Now there is a lot of information on different internet resources, which will help in a relatively short time to understand many important aspects about trading on the crypto market. And only after studying the necessary information you need to start buying crypto currencies.
But I don't agree with the statement that it is impossible to make a profit during training. This is possible. If a person carefully studies the necessary information, then he will make a profit when learning. Of course situations are different. There are situations when even experienced traders suffer losses.

In every activity there are exceptions, trading and gambling made many people broke, but many people made money and they are still making money. Newcomers needs to understand one thing, bankroll management is essential in trading, gambling and for every other aspect of life, it's simple to understand that more careful you are with your money, more chances you have to be successful in what ever you doing. People who come here prepared are the ones who make money even when they are practicing trading for the first time, unprepared people will mostly lose money and only with luck they will have some profit from time to time.

Basically it is. In the world of crypto trading, it is very difficult for a beginner to get real profit. My experience, as well as the experience of several of my friends, shows that even being a novice in the crypto market it is possible to make a profit. In my opinion, the mood of a person plays a crucial role. Those who came to the crypto currency in order to get rich quickly, while not doing anything, are doomed to failure. Those who don't make enough effort to become a professional will also lose.
My goal was to become a professional. I didn't want to get everything now, I slowly and confidently went to my goal: to understand how this market works, how to earn money on it and how not to become an average participant of crowd. As a result, I started to make a small permanent profit. Later I continued to improve my skills.
I hope my experience will help someone to take control of their emotions, learn to think soberly and set the right goals for themselves.

iv4n

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Quote from: pant-79 on November 20, 2018, 11:58:51 AM

Many of us started trading crypto currencies with their purchase. And we got experience from practice. Of course, gradually, we studied the necessary information and gained knowledge.
To current newcomers would like to recommend doing things a little differently. Now there is a lot of information on different internet resources, which will help in a relatively short time to understand many important aspects about trading on the crypto market. And only after studying the necessary information you need to start buying crypto currencies.
But I don't agree with the statement that it is impossible to make a profit during training. This is possible. If a person carefully studies the necessary information, then he will make a profit when learning. Of course situations are different. There are situations when even experienced traders suffer losses.

In every activity there are exceptions, trading and gambling made many people broke, but many people made money and they are still making money. Newcomers needs to understand one thing, bankroll management is essential in trading, gambling and for every other aspect of life, it's simple to understand that more careful you are with your money, more chances you have to be successful in what ever you doing. People who come here prepared are the ones who make money even when they are practicing trading for the first time, unprepared people will mostly lose money and only with luck they will have some profit from time to time.

pant-79

hero member

Activity: 994

Merit: 502

Many of us started trading crypto currencies with their purchase. And we got experience from practice. Of course, gradually, we studied the necessary information and gained knowledge.
To current newcomers would like to recommend doing things a little differently. Now there is a lot of information on different internet resources, which will help in a relatively short time to understand many important aspects about trading on the crypto market. And only after studying the necessary information you need to start buying crypto currencies.
But I don't agree with the statement that it is impossible to make a profit during training. This is possible. If a person carefully studies the necessary information, then he will make a profit when learning. Of course situations are different. There are situations when even experienced traders suffer losses.

jcpone

sr. member

Activity: 685

Merit: 250

Gambling is really very addictive and the chances of losing is much greater than winning. Online gambling games are moat likely loaded on the side of losing on the part of the gamblers. Whatever strategy you've done in gambling, you'll might still ended up losing. Now, trading is a different field though it might result the same as in gambling. Strategy is a must in trading. Don't ever invest bigtime if you're knowledge are insufficient. Cryptocurrency trading is much more difficult due the fact that it is unpredictable and very volatile.

Finestream

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Quote from: pinoyden on November 16, 2018, 05:14:55 PM

Quote from: dead_m92 on November 16, 2018, 04:58:31 PM

If you really think that trading is the same as gambling, then you clearly do not understand how the market and financial markets works, that is the sad truth.

Maybe you need to pay for some guides and tutorials about how to get introduced in here.

It is not the same, obviously.

Quote

rading without learning things that affect the market cannot be considered gambling,

pay for tutorials ? theres no need to waste cash just to learn trading because nowadays it is already possible to learn online using free methods that we can get for several websites .

though you are right , trading isnt the same as gambling because there is a lot of factors to considered in trading while gambling is pretty random . the provability of winning in trading is also much higher because it isnt only about luck that matters , skills and knowledge is also considered to increase your chances of winning .

Trading will only become gambling once you start trading without proper knowledge on it so you just end up guessing the result.But once you have developed your own skills in trading,gaining profits is what will mostly happen in the end.So trading is clearly not the same with gambling as long as you know what you're doing.

Noah14

newbie

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but in crypto in volatility and manipulation is too much if we dont trade with proper discipline and patience we will lose lot of money

ricardobs

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Quote from: Ewinsane on November 07, 2018, 10:11:00 AM

Quote from: Emitdama on November 07, 2018, 07:20:40 AM

Quote from: Noah14 on November 02, 2018, 05:02:54 AM

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 Grin

Unfortunately, for a lot of people that got into trading, they actually took it as gambling, and they thought if they can at least have some pretty good bucks to trade, that is good enough for them, but they fail to realize that there is actually no chance at all to make something good out of trading if you think only your money is what will get you there.

The reason so many people who tend to trade well today, went through the process of learning and practicing over time to get better is because they understood immediately the value of knowledge and know pretty well that without it, there is actually not going to be any chance at all for them in making anything substantial from trading which at the end would just frustrate their efforts.

Normally, anyone that gets to see trading as gambling is someone who would in the long run wish they never had such mentality because there is no way they will never get burned. Trading is something that can be quite rewarding if you take your time to get the knowledge you need as well as the experience from practice without having to rush anything. As long as you have the mindset that you want to hurriedly start making huge bucks from trading without any knowledge and strategy, which is where the problem is going to start for you as an individual.

But isn’t the gambling that let you earn big better than trading that make you loose? One thing that is good about Gambling is that it is something that depends on your skills and knowledge about probability.

If you are good enough to play the way that maximizes your probability, it is better to keep on playing. Trading coins that when the market is in good situation is profitable no doubt but when the market is not in good vibes, your abilities are hindered to cash out profit.

pinoyden

full member

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Quote from: dead_m92 on November 16, 2018, 04:58:31 PM

If you really think that trading is the same as gambling, then you clearly do not understand how the market and financial markets works, that is the sad truth.

Maybe you need to pay for some guides and tutorials about how to get introduced in here.

It is not the same, obviously.

Quote

rading without learning things that affect the market cannot be considered gambling,

pay for tutorials ? theres no need to waste cash just to learn trading because nowadays it is already possible to learn online using free methods that we can get for several websites .

though you are right , trading isnt the same as gambling because there is a lot of factors to considered in trading while gambling is pretty random . the provability of winning in trading is also much higher because it isnt only about luck that matters , skills and knowledge is also considered to increase your chances of winning .

dead_m92

hero member

Activity: 650

Merit: 500

If you really think that trading is the same as gambling, then you clearly do not understand how the market and financial markets works, that is the sad truth.

Maybe you need to pay for some guides and tutorials about how to get introduced in here.

It is not the same, obviously.

Quote

rading without learning things that affect the market cannot be considered gambling,

minairia3

sr. member

Activity: 1498

Merit: 326

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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
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

yes if you don't have any basis whatsoever you're just gambling and also without risk management. Also if you're only speculating in the hopes that a certain project will rise in value by knowing that it had in the past that's also seem like gambling. Though it's better than the former.

vocovoco

jr. member

Activity: 45

Merit: 3

trading without learning things that affect the market cannot be considered gambling, this is experienced by almost all traders at first. But indeed the impact will be very large when the market is in extreme conditions. I also experienced this before, but from there my logic continued to grow and become more complex, so I realized that price fundamentals are the result of a summary of various factors that occur in the market.

insane:trader

newbie

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in trading there is less risk and we can have good rewards
but In gambling huge risk and huge profits

pundit

full member

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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
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

Trading is not that simple, yes you need to work hard, watch the market with deep analysis then then start trading on live account with a small amount, I think emotions can only be checked on a live account, other to this you should have a concrete plan and money management for trading, even if your analysis is good and plan and money management is poor, you may not succeed in trading, trading is a gentleman game which needs to be done like a gentleman.

biletskiy

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Quote from: musharaf on November 12, 2018, 12:22:28 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.

I understand people that gamble, but I will never follow their example. It is too risky. You can lose absolutely everything in less than 20 minutes. Trading is a very good job, and one of the best occupations.

Topic: Journey from gambling to trading - page 8. (Read 2903 times)