What makes a successful trader, not a gambler? - page 4.

tbterryboy

sr. member

Activity: 2030

Merit: 323

Quote from: Aivaryamal on September 21, 2018, 01:12:44 AM

Trading will be successful when strict and clear goals are set and profit is consistently fixed when prices rise by 30-50% of various cryptocurrencies

A real trader must be a researcher. The presence of internet is the cheapest way to dig out information about anything including the arrivals. If you are expert at this thing, you can become a successful trader. You would refrain from making irrational investments.

Besides, you would know the time to buy like the present time and sell. Finally the trait of taking an initiative is very important and if you have this risk taking ability, it is sure you will make big money.

Gwapoman

jr. member

Activity: 252

Merit: 8

Quote from: jiryuksan on September 23, 2018, 01:28:44 AM

Quote from: Gwapoman on September 23, 2018, 12:42:33 AM

Gamblers dont wanna make things complicated and Traders want it more organized and systematic..I don't know where should i categorized myself coz based on the characteristics you mentioned I can be both..I do trading and I go to casinos with only one thing in my mind and that is to create profit.

gamblers always think about quick profits and are dominated by good luck. in trading this often happens when traders play profit for short periods (daily trading), and even many of them don't care about fundamental analysis, my advice, we need to get rid of that level of simplicity because trading must be familiar with complex analysis for various methods.

naah,many daytraders uses fundamental analysis to pick their trades of the day.we dont just look at the biggest lose yesterday and pick this coin or token to bring us luck.lols. traders uses different kind of strategy in every situation and in every trades same as gamblers do when they do make bets.

TomArayaSlaya

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Activity: 812

Merit: 10

https://hovr.site/

More like gambler with a brain to me thats what a good trader is always on high alert and carefully targeting his moves but trading is more like gambling to me

mey466

full member

Activity: 368

Merit: 100

It is difficult to regulate emotions when trading greedy traits in human beings who are soaring to want to get high profits in an instant way and sometimes do not think about the risks

popolite11

sr. member

Activity: 882

Merit: 250

Quote from: Daniel9140 on September 20, 2018, 01:54:54 PM

A trader is quite different from a gambler. A trader is one that has a strategy and applies caution in his trade. He also uses stop loss to manage his trade while a gambler is one that wants to get rich quick. He can lose all his money in a moment. This are the differences between the both

A gambler can also make his own strategies, and the professionals usually do it. However, the casino finally never lets you win. A trader can become a very successful businessman.

popolite11

sr. member

Activity: 882

Merit: 250

Quote from: Daniel9140 on September 20, 2018, 01:54:54 PM

A trader is quite different from a gambler. A trader is one that has a strategy and applies caution in his trade. He also uses stop loss to manage his trade while a gambler is one that wants to get rich quick. He can lose all his money in a moment. This are the differences between the both

A gambler can also make his own strategies, and the professionals usually do it. However, the casino finally never lets you win. A trader can become a very successful businessman.

patrickj

sr. member

Activity: 490

Merit: 251

Yes, I totally agree with these facts. As a gambler I don't even care about the current price of bitcoin because when I win some, I encash it already in fiats currency. And put some in trading site but it is totally difficult to trade because you need alot of knowledge about pump or dump scenarios.

jakezyrus

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Quote from: glowing10 on September 23, 2018, 03:58:50 AM

Quote from: KGBx on September 22, 2018, 01:37:40 PM

That's certainly a good post to distinguish a gap between traders and gamblers... But I'm afraid it is still 70-80% about luck, just ask your friends who perform regular trading.

Gambling is the luck based I would say as majority of the games are luck based out their. ON the other hand trading is something where strategy and your research will help you to execute the right trade.

Trading do also depend on luck because you wont know what will be the price on the future . to become a succesful trader we need to try and try until we succeed or until we reach our desired profit . but the act of trading is always considered as gamble because you are risking your capital to be able to possibly earn something .

Rhego

sr. member

Activity: 434

Merit: 278

I agreed on all of the things you said because when it comes to a gambler they just need luck no mind that's all, and when it comes to a trader they need both luck and knowledge to earn

glowing10

full member

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Quote from: KGBx on September 22, 2018, 01:37:40 PM

That's certainly a good post to distinguish a gap between traders and gamblers... But I'm afraid it is still 70-80% about luck, just ask your friends who perform regular trading.

Gambling is the luck based I would say as majority of the games are luck based out their. ON the other hand trading is something where strategy and your research will help you to execute the right trade.

BitcoinTurk

hero member

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Merit: 629

The substances you mention contain extremely important details and give information about two different investors. Information about gamblers, especially gamblers, actually contains information about new and uninformed investors. Usually this type of investors, as you mentioned in the process of high profit margin starts with the process and using all the money in the transaction is seriously damages. Successful traders do business in a knowledgeable manner as you have stated and never do a single transaction with all their money. In summary, the investor is the investor who keeps all the eggs in one basket. The successful investor is the investor who does not keep all the eggs in one basket.

jiryuksan

newbie

Activity: 33

Merit: 0

Quote from: Gwapoman on September 23, 2018, 12:42:33 AM

Gamblers dont wanna make things complicated and Traders want it more organized and systematic..I don't know where should i categorized myself coz based on the characteristics you mentioned I can be both..I do trading and I go to casinos with only one thing in my mind and that is to create profit.

gamblers always think about quick profits and are dominated by good luck. in trading this often happens when traders play profit for short periods (daily trading), and even many of them don't care about fundamental analysis, my advice, we need to get rid of that level of simplicity because trading must be familiar with complex analysis for various methods.

Gwapoman

jr. member

Activity: 252

Merit: 8

Gamblers dont wanna make things complicated and Traders want it more organized and systematic..I don't know where should i categorized myself coz based on the characteristics you mentioned I can be both..I do trading and I go to casinos with only one thing in my mind and that is to create profit.

lavara

full member

Activity: 532

Merit: 102

In trade, in order to be successful, you have to keep yourself in a harsh environment: to exclude the emotional desire for quick earnings, instant profit and banal greed. I spend a lot of time analyzing the market - think with a sober head.
In my field of study, this is necessary: I will pursue xxx projects in order to identify the best ones for further investment.

Victorycoin

hero member

Activity: 1134

Merit: 517

I want to add, a gambler trader goes after just about any coin he comes across and end up Jack of all coins and master of none. A savvy trader however concentrates on a few coins as possible and so will be well able to keep tabs and abreast with latest developments around the coins/tokens, which is exactly a right step in the path of profit making.

oceantiger

jr. member

Activity: 308

Merit: 8

This is a very helpful write up for newbie traders and i must confess that most of my trading was in part A which tends towards a gambler than trader I was hoping to be. I am definitely going to change and apply most of the items in part B and compare the result with what i was doing before now. Thanks very much for this help.

KGBx

full member

Activity: 364

Merit: 100

That's certainly a good post to distinguish a gap between traders and gamblers... But I'm afraid it is still 70-80% about luck, just ask your friends who perform regular trading.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: syaripudin on September 21, 2018, 04:26:30 AM

I think between trading and gambling will be very different. and the thing that affects the success rate of a trader is that trading is not just relying on luck just like gambling. in research trading activities become a part that must be done so it tends to be more likely in terms of success than gambling that only hopes for luck.

This is the difference among the two which one thing can really be managed to be profitable compared to pure gambling which do really fully relies on luck even though trading do really still need luck but it wont really be effective if you arent knowledgeable on the things you do on the very first place. Dont be a gambler mindset when you do trade because winning or profiting chances would be higher if you do set out your analysis and skills.

tarpa07

member

Activity: 194

Merit: 10

As a trader you need to control your emotion because without control your emotion you can’t make a perfect result in your trading. So it is very important to makes a successful trader. Other one is money management because it is very important part of trading, without money management you can’t make a profit in your trading. Control emotion and think about money management and never follow any kind of signal in your trading. You must analysis manually, never follow technical analysis if you want to successful trader.

McInzy

newbie

Activity: 123

Merit: 0

Two things to remember: do not breed your greed and follow your system.

Topic: What makes a successful trader, not a gambler? - page 4. (Read 2499 times)