Topic: What makes a successful trader, not a gambler? - page 8. (Read 2499 times)
What makes successfull trader is analisys and money management. Risk management is also have a big part of your successfull trading. Gambling did not need it. Gambling will never win because there will be you will never win in gamble even at first time you gamble you could win. Trading futures is like gambling so i will never recomend futures trading
To become successful, the trader learned a lot from other people and learned a lot of ways to become successful. Traders look at the market anytime, anywhere and update the news regularly to capture the situation to make decisions that will help them make a profit.
Crypto traders are different. Here the things move on the news >> Buy the rumor sell the news>> Charting the crypto is not a sure shot gameplay. Whatever we see on twitter, the whole charting thing is fugaasi (fake). During the bull anyone can be an expert trader. In these markets Traders depend on luck than anyone else, regardless of the experience. That us why I always trade less and HODL most of the time. Trade when u have made 5x above profits and rest for most of the time.
We could possibly deal with gamble in out trading if we do not have enough knowledge on our expected trading in the first place. But no need to worry because starting a trading is best gamble we could make in the beginning. If we could have a better way of gathering information and trying our best to manage our trading it could help us to develop our skills and make as an experienced trader and a successful business man in the future.
Wise traders aren't similar to gamblers. Everyone knows that risk, adrenaline and quick decisions aren't good features for a trader. I have never been a gambler and think it is too risky to gamble. Being a trader means being a person who can take smart decisions
Regardless of what you read on Twitter, 90% of traders lose money in the long run, and would have been better off just holding onto their coins. Everyone is an expert trader during a bull run as it's pretty much impossible to lose money, unless you invest in the crappiest coins. Expert traders make it work even in the bear market, and for that my friend you need knowledge, nerves of steel and experience.
Also, trading knowledge comes at a high price...you need to lose a lot of money in order to gain knowledge and mindset of a successful trader. You need to know the market inside out and all the TA intricacies to consider yourself a good trader.
Also, trading knowledge comes at a high price...you need to lose a lot of money in order to gain knowledge and mindset of a successful trader. You need to know the market inside out and all the TA intricacies to consider yourself a good trader.
Transactions/trader and those who play gambling don't have one.However,if the dealer doesn't have the right knowledge then it'll be similar to gambling.So to deal with it,you have to first learn about it.You have to read various transaction books,watch videos on YouTube.Success is achieved through accurate knowledge.So proper knowledge makes a successful trader,not a gambler.
In my opinion, the main thing, that makes difference between them is that trader never relys on a event or luck, so this defines.
Traders depend more on luck than anyone else in this market, regardless of how experienced they are. This isn't the stock market where equal minded institutions rule the markets based on their analysis, where they also filter regular orders coming through and let their high frequency department exploit that advantage.
The crypto market can be seen as a war zone where traders from all sorts of different categories battle against each other, and that non stop. There are so many variables involved, that every step you set is a gamble that will either end up in profit or result in a loss. I have yet to come across a trader that manages to book consistent profits in this market. One day isn't the other; today's profits are tomorrow's losses, that's what this market is.
In my opinion, the main thing, that makes difference between them is that trader never relys on a event or luck, so this defines.
Having knowledge of what you need to do is very important. The risk of our transactions will just depend on how we sort things out. Gambling depends more on luck than your concretly skills, thats make it much more useless than trading
These are really beneficial points for me and for any trader to know about the trade. Most of the people often come out to the decision that trading is nothing but just a kind of gambling but it is not in reality. They actually do some mistakes because of which their trade comes out as gambling and then they blame trading for their that mistakes and leave to trade.
yes you are right that makes a trader very profitable is the patience he has when having a coin, I hardly do not recommend to play gambling because if you play gambling you will only get a lot of losses.
I think not everyone understands what the difference is. As for me, it is when a person has enough knowledge and never behaves too emotionally. It is difficult to be not emotional when trading but it is not a casino game. here you have control over success
Trading is a skill, while gambling is just greedy, lucky move without any kind of being confident in your decisions at all. Succesful trader needs to know the market very well
Well for me nothing is able to call as greed because everyone is here to earn profit instead of just investing money, so if you are good at gambling you can go for it, but gambling your entire profit is upon your luck. In trading is you will get enough knowledge about trading I am sure you will earn very high, go for long term trading don’t sell at panic so even those who are trading are players so bitcoin is full of profit, it upon us that what we choose for us. yes you are right many ways to be successful from playing trading and most importantly I think you should be able to control your emotional state and can be patient because if you can not wait it seems difficult to be able to get a profit.
Funny, but I totally agree. To be a good trader you have to have the insight, foresight and skill to see through and plan out your deals and trades. In this market, as much as you can do what you want and wing things out, it is better to study your moves and, at the very least, so your home work and check the market out. In doing so, you do not have any regrets win or lose.
Successful traders act more like business people than gamblers. They manage risk, manage inventory, follow trends, just like anyone else in any business for profit.
I like that ! One thing that makes a successful trader what he is, is the fact that they know how to utilize the market conditions to their favor based on how much they have learned and that is where I am getting at. Learning and consistent learning comes with dedication and those who think more like a business minded person like you said, will always see whatever they want to do as a business and try every means to be able to do it well. Being conscious and dedicated makes the differences between traders and gamblers. 
yes. I completely agree with your ideas. And I also wanna add one point of view that the trader will research carefully and understand clearly what they will buy meanwhile the gamblers just buy based on trend
Trading is a skill, while gambling is just greedy, lucky move without any kind of being confident in your decisions at all. Succesful trader needs to know the market very well
I agree that trading is also a skill. Just like learning to drive, you must invest time and energy in learning it. If you do not do this, you will always rely on good luck to make a profit. This risk is always at 50%. If you don't study hard, you can't get great rewards in the market.
A successful trader keep records, have a definite strategy in mind before trading. He know that he cant move the market and trade what he sees and not what he want the market to behave. A successful trader knows a great deal of money management rules, and wont ever go ALL IN with his capital on a single asset as gamblers do.
That definite strategy is one that we cannot look past for a successful trader. One thing though is that you cannot always have one single strategy but whichever way, once you can have a specific strategy that works well for you over time, you get this confidence to always make use of it to your advantage most of the time and that is how I expect every trader to end up successful. No strategy, no trading and no strategy, pure gambling. Jump to: