What makes a successful trader, not a gambler?

john_nautica

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Quote from: letecia012 on October 20, 2018, 09:47:12 PM

Quote from: Owen7021990 on April 05, 2018, 09:31:32 PM

Here are some characteristics of successful traders and gamblers:

A gambler:

- Have no transaction method.

- Do not take notes of your views on the market trend daily.

- Don’t care about risk management

- Spend most of your time focusing on winning and making profit.

- Let emotions dominated their mind when trading

-Place orders without consideration.

- Place too many orders

A trader:

-Understand and master an effective trading method

-Have a clear and specific trading plan and comply with it.

- Have a daily note on market view and trend

- Pay attention to risk management for each trading order

-Don’t set making profit and winning as their 1st priority

- Only make the deal when the price model matches the method.

-don’t let emotions control their actions

- Consider coin trading as their career and daytime job.

If you have those characteristics of the gamblers, you should change it immediately. If you have trader traits, maintain them for as long as possible and remember to always think twice before doing.

This does make sense if you able to follow this trading plan probably you have a higher chance to become a successful trader in the future.

traders are different from gambling, gambling is now more fortune oriented rather than detailed analysis like traders. different from the current trader can be used as one of the best ways to get profit because of thinking more about profit and existing analysis.

Kiweikoo

hero member

Activity: 1036

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Quote from: letecia012 on October 20, 2018, 09:47:12 PM

Quote from: Owen7021990 on April 05, 2018, 09:31:32 PM

Here are some characteristics of successful traders and gamblers:

A gambler:

- Have no transaction method.

- Do not take notes of your views on the market trend daily.

- Don’t care about risk management

- Spend most of your time focusing on winning and making profit.

- Let emotions dominated their mind when trading

-Place orders without consideration.

- Place too many orders

A trader:

-Understand and master an effective trading method

-Have a clear and specific trading plan and comply with it.

- Have a daily note on market view and trend

- Pay attention to risk management for each trading order

-Don’t set making profit and winning as their 1st priority

- Only make the deal when the price model matches the method.

-don’t let emotions control their actions

- Consider coin trading as their career and daytime job.

If you have those characteristics of the gamblers, you should change it immediately. If you have trader traits, maintain them for as long as possible and remember to always think twice before doing.

This does make sense if you able to follow this trading plan probably you have a higher chance to become a successful trader in the future.

This is all what you want to know about the traders and the gamblers. One basic difference between the two is that a trader will make strategies and plans and will stick to his plan while having a glance over the market but a gambler will on the other hand stay idle and might not take into account the daily important updates that require you to change your business model again. Being careful about the initial investment can make you very successful which is something the gamblers do not care about unlike the traders.

Secionz

newbie

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Quote from: kissme09 on October 23, 2018, 03:42:08 PM

Trading requires a lot of experience to win deals. But there may be a lot of trading experience, but those with power can still make you lose. In luck, trading is one of the most necessary factors always to have favorable deals with profit.

Yes that is right; trading required a lot of experience. If a person do not have any experience in trading then it can be consider as gambling, we need to learn about trading and after that should put our money in trading.

bitcoinveda

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i would like to put two points in trader and gambler as a trader we should control emotions but as a gambler we should nt feel panic all the time of selling the coins at low price

dunfida

legendary

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Quote from: aervin11 on October 23, 2018, 11:56:44 PM

Quote from: Owen7021990 on April 05, 2018, 09:31:32 PM

If you have trader traits, maintain them for as long as possible and remember to always think twice before doing.

I admire this tip of yours which could really help us to assess ourselves if we are doing good or not, I think I have also come with this kind of concept but the problem is not be able apply it.

Quote from: pooya87 on April 05, 2018, 11:17:35 PM

a gambler however makes a trade but the result doesn't matter for him. if he wins he just becomes happy and if he loses he becomes sad. he doesn't waste any "brain power" to analyze what went wrong or right that led to the loss or profit. that is why not everyone becomes successful in trading...

Actually gamblers are spending more time spending their "brain power" to calculate the risks of their gamble. For example, poker players, they get the odds for a specific card and studied it if that card could have a better chances for winning. To make justice for yourself if you are losing, you must come with an idea to explain it for yourself, I think it also applies on trading, one man's gain is another man's loss.

one man's gain is another man's loss.

I really believe hardly on this line which is indeed true on all aspect where things do involves money then this line suites them out. Either gambling or trading investments if someone earns then someone loss and the cycle would continue further on. Successful trader shouldn't really have that kind of personality where he do acts like a gambler, sometimes emotions would really drive you this into some circumstances that's why its important to handle out temper as you proceed.

kikoy999

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Activity: 429

Merit: 10

Trader or gambler is also the same The different is lossing for a big money in gambling because in gambling you cant take the risk of it if you are always winning.

astridwi

jr. member

Activity: 262

Merit: 2

quite different between gamblers and traders which mostly lies in management and management, traders have more management especially risk management and do not use emotions in decision making but rather on technical and fundamental analysis that can affect the market

sinkfish

jr. member

Activity: 252

Merit: 1

Quote from: Owen7021990 on April 05, 2018, 09:31:32 PM

Here are some characteristics of successful traders and gamblers:

A gambler:

- Have no transaction method.

- Do not take notes of your views on the market trend daily.

- Don’t care about risk management

- Spend most of your time focusing on winning and making profit.

- Let emotions dominated their mind when trading

-Place orders without consideration.

- Place too many orders

A trader:

-Understand and master an effective trading method

-Have a clear and specific trading plan and comply with it.

- Have a daily note on market view and trend

- Pay attention to risk management for each trading order

-Don’t set making profit and winning as their 1st priority

- Only make the deal when the price model matches the method.

-don’t let emotions control their actions

- Consider coin trading as their career and daytime job.

If you have those characteristics of the gamblers, you should change it immediately. If you have trader traits, maintain them for as long as possible and remember to always think twice before doing.

you can classify both as trader or gambler alike. a better anology is 1 is professional, while another is amateur. pro spend more time to analyse, finding the best deal and maximise profit. while amateur getting in shear luck.

aervin11

full member

Activity: 602

Merit: 103

Quote from: Owen7021990 on April 05, 2018, 09:31:32 PM

If you have trader traits, maintain them for as long as possible and remember to always think twice before doing.

I admire this tip of yours which could really help us to assess ourselves if we are doing good or not, I think I have also come with this kind of concept but the problem is not be able apply it.

Quote from: pooya87 on April 05, 2018, 11:17:35 PM

a gambler however makes a trade but the result doesn't matter for him. if he wins he just becomes happy and if he loses he becomes sad. he doesn't waste any "brain power" to analyze what went wrong or right that led to the loss or profit. that is why not everyone becomes successful in trading...

Actually gamblers are spending more time spending their "brain power" to calculate the risks of their gamble. For example, poker players, they get the odds for a specific card and studied it if that card could have a better chances for winning. To make justice for yourself if you are losing, you must come with an idea to explain it for yourself, I think it also applies on trading, one man's gain is another man's loss.

kissme09

full member

Activity: 658

Merit: 100

PayAccept - Worldwide payments accepted in seconds

Trading requires a lot of experience to win deals. But there may be a lot of trading experience, but those with power can still make you lose. In luck, trading is one of the most necessary factors always to have favorable deals with profit.

readygoaw

full member

Activity: 476

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I do not understand that many people still believe that they will earn a lot of money if they deal with gambling. It is the risk that is great! You can say that trading can be not always profitable but I pick it as it needs skills.

zurc

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SOKOS.io

Quote from: Owen7021990 on April 05, 2018, 09:31:32 PM

Here are some characteristics of successful traders and gamblers:

A gambler:

- Have no transaction method.

- Do not take notes of your views on the market trend daily.

- Don’t care about risk management

- Spend most of your time focusing on winning and making profit.

- Let emotions dominated their mind when trading

-Place orders without consideration.

- Place too many orders

A trader:

-Understand and master an effective trading method

-Have a clear and specific trading plan and comply with it.

- Have a daily note on market view and trend

- Pay attention to risk management for each trading order

-Don’t set making profit and winning as their 1st priority

- Only make the deal when the price model matches the method.

-don’t let emotions control their actions

- Consider coin trading as their career and daytime job.

If you have those characteristics of the gamblers, you should change it immediately. If you have trader traits, maintain them for as long as possible and remember to always think twice before doing.

Knowledge and patience are the key to success on trading and do not hesitate to trade always wait for your targets and margin your trades be happy and contended with your profits

gorodi

full member

Activity: 476

Merit: 100

Gamblers risk too much - the casinos' visitors lose often. A good trader is a real professional who uses his knowledge and works hard with the cryptocurrencies all the time.

Soots

sr. member

Activity: 1050

Merit: 251

Quote from: Haxor321 on October 20, 2018, 10:47:15 PM

Quote from: Owen7021990 on April 05, 2018, 09:31:32 PM

Here are some characteristics of successful traders and gamblers:

A gambler:

- Have no transaction method.

- Do not take notes of your views on the market trend daily.

- Don’t care about risk management

- Spend most of your time focusing on winning and making profit.

- Let emotions dominated their mind when trading

-Place orders without consideration.

- Place too many orders

A trader:

-Understand and master an effective trading method

-Have a clear and specific trading plan and comply with it.

- Have a daily note on market view and trend

- Pay attention to risk management for each trading order

-Don’t set making profit and winning as their 1st priority

- Only make the deal when the price model matches the method.

-don’t let emotions control their actions

- Consider coin trading as their career and daytime job.

If you have those characteristics of the gamblers, you should change it immediately. If you have trader traits, maintain them for as long as possible and remember to always think twice before doing.

Yes. As you can see there are difference between a gambler and a trader. We must know this difference in order for us to be able to know wheter we are a gambler or a trader. And as we can see most of the gambler's characteristics are negative. But for me it is depend on a person wheter on how he handle things as a gambler or a trader. We must know our priority and the things we may achieve if we become gambler or trader.

Determining the differences between the two can greatly help us what to do and where to go. Market condition may not always be on our favorable side, but if we are wise enough to deal with its uncertainties then we can survive. A successful trader is someone who has the right attitude to stay focus, to be committed, is open-minded and has clear set of plans. It all requires dicipline and passion in what you do.

breathlessz

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Activity: 770

Merit: 12

Trphy.io

Quote from: Haxor321 on October 20, 2018, 10:47:15 PM

Quote from: Owen7021990 on April 05, 2018, 09:31:32 PM

Here are some characteristics of successful traders and gamblers:

A gambler:

- Have no transaction method.

- Do not take notes of your views on the market trend daily.

- Don’t care about risk management

- Spend most of your time focusing on winning and making profit.

- Let emotions dominated their mind when trading

-Place orders without consideration.

- Place too many orders

A trader:

-Understand and master an effective trading method

-Have a clear and specific trading plan and comply with it.

- Have a daily note on market view and trend

- Pay attention to risk management for each trading order

-Don’t set making profit and winning as their 1st priority

- Only make the deal when the price model matches the method.

-don’t let emotions control their actions

- Consider coin trading as their career and daytime job.

If you have those characteristics of the gamblers, you should change it immediately. If you have trader traits, maintain them for as long as possible and remember to always think twice before doing.

Yes. As you can see there are difference between a gambler and a trader. We must know this difference in order for us to be able to know wheter we are a gambler or a trader. And as we can see most of the gambler's characteristics are negative. But for me it is depend on a person wheter on how he handle things as a gambler or a trader. We must know our priority and the things we may achieve if we become gambler or trader.

gamblers, take decisions without taking into account profits and risks. different from traders, where trading is a business, so profits and losses are measured in a measured manner

Haxor321

sr. member

Activity: 489

Merit: 250

Quote from: Owen7021990 on April 05, 2018, 09:31:32 PM

Here are some characteristics of successful traders and gamblers:

A gambler:

- Have no transaction method.

- Do not take notes of your views on the market trend daily.

- Don’t care about risk management

- Spend most of your time focusing on winning and making profit.

- Let emotions dominated their mind when trading

-Place orders without consideration.

- Place too many orders

A trader:

-Understand and master an effective trading method

-Have a clear and specific trading plan and comply with it.

- Have a daily note on market view and trend

- Pay attention to risk management for each trading order

-Don’t set making profit and winning as their 1st priority

- Only make the deal when the price model matches the method.

-don’t let emotions control their actions

- Consider coin trading as their career and daytime job.

If you have those characteristics of the gamblers, you should change it immediately. If you have trader traits, maintain them for as long as possible and remember to always think twice before doing.

Yes. As you can see there are difference between a gambler and a trader. We must know this difference in order for us to be able to know wheter we are a gambler or a trader. And as we can see most of the gambler's characteristics are negative. But for me it is depend on a person wheter on how he handle things as a gambler or a trader. We must know our priority and the things we may achieve if we become gambler or trader.

letecia012

full member

Activity: 406

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Quote from: Owen7021990 on April 05, 2018, 09:31:32 PM

Here are some characteristics of successful traders and gamblers:

A gambler:

- Have no transaction method.

- Do not take notes of your views on the market trend daily.

- Don’t care about risk management

- Spend most of your time focusing on winning and making profit.

- Let emotions dominated their mind when trading

-Place orders without consideration.

- Place too many orders

A trader:

-Understand and master an effective trading method

-Have a clear and specific trading plan and comply with it.

- Have a daily note on market view and trend

- Pay attention to risk management for each trading order

-Don’t set making profit and winning as their 1st priority

- Only make the deal when the price model matches the method.

-don’t let emotions control their actions

- Consider coin trading as their career and daytime job.

If you have those characteristics of the gamblers, you should change it immediately. If you have trader traits, maintain them for as long as possible and remember to always think twice before doing.

This does make sense if you able to follow this trading plan probably you have a higher chance to become a successful trader in the future.

kaizerblitz

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Activity: 504

Merit: 105

I agree with i learn so much on trading when i start on it i will say iam a gambler i take risk in anything happens but on so many months on trading i learned to discipline myself and earns some more knowledge and now i will to myself iam a good trader.

tenakha

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Quote from: zeingrind777 on October 04, 2018, 05:51:43 AM

on the first page you have explained the difference between a Trader and a Gambler and honestly, I strongly agree..but to be able to become a trader who really does a trader instead and not a gambler, in my opinion, it is not easy besides you have to have a smart brain you also have to join the right group to help you make decisions. so I think that what makes someone successful as a trader is because of the right decision.

Furthermore, the real trader must trade with his own analysis,information, but nowadays most people work with pump groups which destroy any token for money. Another way to make money is arbitrage, but it doesn't hurt anyone.
In fact recently the prices have dropped a lot and making money has become difficult, but the pump and other things are much more risky.

Premooooo

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Activity: 280

Merit: 1

This is a good advice from people spending thousands of money in just putting in a shitcoins so the price of it getting loss.

Topic: What makes a successful trader, not a gambler? (Read 2510 times)