There is nothing bad in trying, what I can only term as bad is for one not to try at all but be complaining and give reasons. One may try and fail, it doesn't matter, however, if such a person can be persistent about the whole thing, I am sure that success could happen, it might only take time. Trading is very risky, but not only that, it is systematic in nature and needs patience, it takes regular practice to unlock that and once you know it, you can be profiting easily. But now that you complained about those who do not have much time for trading due to their busy daily schedule, well, in my view, it might be an issue for them when learning, but when they've learned well and are fully experienced, they might be trading the long-term disposition. I am sure that they will be needing only a few minutes of their day for it. Like myself, if I am handling long-term trading, I might not even spend up to 5 minutes making my analysis and monitoring my active positions.

I must say this surprised me because I don't know where it is coming from and I disagree with you in the strongest terms. I've been active virtually in all sectors of the financial market for almost 2 decades and I see nothing different than before. All markets are dynamics be it stocks, indices, currency, commodity, energy, crypto, name it, and they often have their smooth riding time where there will be clarity, and the same goes for the time you will hardly be able to predict the market through clear analysis.

This is more often in cryptocurrency as well, so I do not know where this is coming from. The grace crypto has is that people often know its bullish and bearish seasons, and when you trade more often toward that bias at that season, it becomes easy for you to make money. Though not without its challenges as people lose so well too. But saying the overall chart of cryptocurrency is better, that's just not correct.

I would even rather choose Gold, stocks and Indices many times over in this regard.

I like your thought about Bitcoin and it is unlike many people who are always blinded by it. Perhaps this is due to what they are reading and hearing from friends and online and through the past histories of the coin. They forget that history does not have a future indication in financial trading and investment, it may happen though but there has never been a guarantee on such a thing. Fine, Bitcoin is a very good asset and it can make you rich if you know how to go about it, but the size is too large now, there is no magic it can perform and it will always discourage some investors, so it will get to some points that liquidity will be a very bitting issue in the future.

This is why it is good to invest and divest Bitcoin at the right time to avoid it betraying your trust. I also pity that man with his 80% patrimony in Bitcoin, if care is not taken, he may face challenges over it or find it difficult to make any reasonable amount from it, but this is of course depends on the price the Bitcoin was bought, I hope it is at a low price.

This hints to at least learn how Bitcoin works so that the person can know when to buy and sell. This doesn't mean he will not be holding his Bitcoin at times but trying to outsmart the whole situation to maximize earning. Lastly, being a good speculator will go a long way in fixing all investors and traders aright, but folding one's arm in the name that he trust Bitcoin so much may one day blow on his face.

In my vast experience in trading and investment, I believe stop loss is missing here. It should be the number 4 because there is no way you can reasonably consider a take profit as a factor without considering the stop loss as well, otherwise, the trader/investor is not considering the proper risk management at all, just like some overconfident traders/investors do.

Sorry to say this, but you are wrong. If you are in profit, what are you still afraid of? If you like you can close your trade and call it a day. So, fear is not a reason/factor here, my friend.

But for greed, yes, it is a factor, because some traders/investors might think that if they place a take profit and the market moves past that level, they will miss a few pips. However, I encourage all traders and investors to always include their targets as part of their trading/investing plan. They may add more value/pips to it in case they do not want to miss out on more gains.

Notwithstanding, contentment is key in trading/investment, we should never forget that no matter how greedy we are.

Yes, there are good strategies to take profits, some of them are stated below;

1. You may take profit when powerful news/events are against your position.

2. You may take profit when there is a confirmed retracement pattern against your position.

3. You may take profit when there is a confirmed reversal against your position.

4. You may take profit when there is a break of support and resistance defending your position.

5. Lastly, you may take profit with a fixed calculation with either money or pips value.

This is all about our mindset towards gambling and preparedness for it, and if they are all wrong or at least one is wrong, it could be very disastrous to the gambler. No one gambles for the money that will be excited in the long run because such a gambler may be excited at first, particularly the time he was winning, but what if he starts losing and the losses become persistent? This lack of excitement is normal as this situation is a waste of money which will never make anyone to be happy. But for the gambler who is gambling for fun or in the worst-case scenario gambles with a neutral mind/mood, such a gambler can't be so affected and could even be excited.

This is because the gambler mostly gambles with the view that he wants to have fun and he could lose as well, that consciousness alone is a huge plus in gambling. For this, he could limit the wagering amount in such a way that it will be ridiculously low and will never affect him no matter what. This is similar to those gamblers who have their right calculations and also use the money that means nothing to them to gamble. I do this a lot in casinos since I like to have fun there and it has always been my fun-filled means which has never made me feel bad about gambling the way most gamblers feel. 

This is a huge irresponsible act. Others are striving to leave something meaningful for their children when they answer the ultimate call, but others are busy living their lives uselessly. This could be to the extent that some children will be faced with the problem of some debt settlements. Regardless, cases like this are different with different possible solutions to them, and in all, the children may or may not pay the debts. Under the law, it is the person who offended that will suffer the brunt, the same thing is applicable to a loan and ist settlement, it is only the person who borrowed the money that is liable to pay it. This is why you are at your own risk if you lend money out without some proper agreements, guarantor(s) and collateral that will back that agreement up. If there are agreements/collaterals in case of eventualities, then the creditor is empowered by law to enforce his debt recovery agreement.

But in case the property, for example, is worth more than the debt, the remaining shall be returned to the deceased family. If it is a guarantor's agreement as well, the guarantor will be made accountable. However, if there are no such things as mentioned above and the deceased dies, even if he has 100 houses, so far they are not linked to the agreement, the benefactors after his death can decide whatever they like on the matter of whether they should pay or not. In some cases, even if the deceased did not leave any properties for the family, the family may decide to clear the debt in his name to honour him (if they have).

No amount of court can change this stance unless there are some legal backings and I know that creditors are getting wiser these days to avoid issues like this, except for the Loan Sharks with huge interest rates due to their desperation.

I agree that gamblers may not want to disclose how they are feeling about it especially if they just suffered losses, but it is good if they do, so that they will not be alone in this and perhaps could be healed faster if it is at the initial stage of persistent losses or of the addiction. He could find help from friends and family this way. But one thing I will not agree with is people blaming gambling all over the place, why? Gambling is on its own before you decided to visit it, why do you let it affect you to the point that it now controls you and makes you irresponsible to your friends, family and society at large?

This is all on you if that happens as a gambler. See, people like to pamper weakness, but I don't, anything we do not control will surely control us. I know many people who are gambling that none of them is addicted, though I know those addicts too, nevertheless, my point is, do those who are not addicted to it have two heads? No. The only difference is that they accept gambling for what it is, and are never desperate or aggressive about it, and are also cautious about it. That is the right way everyone should view and engage in gambling, otherwise, they will find themselves in a lot of mess.

No one will force you to gamble my friend, it is you who will decide to gamble, and if anything happens as an adult, you should take it like that. Better still, take a long break or quit gambling altogether if it is an issue for you, it is our choice. Lastly, any gambler without a plan and cautiousness will always pay with his psychology, please note that.

This is beyond greed my friend, it is an addiction. If you are still greedy in gambling, thank your God, you can get out of it easily if you are wise, but if you are addicted, whether you are wise or not, it will control you so uglily until you find a cure (if there will ever be any). This is why you hear stories of gamblers doing unspeakable things like selling their properties to gamble or borrowing money for the purpose among others. Are these people sane in your opinion? No.

This is how you would know that it is beyond mere greed but an entangling situation that is psychological (addiction). Once we detect this in anyone close to us, we should never take it lightly, we should reach out to help in our little way or refer them to external help that is professional about it.

Nice one! Now, let's view it from a standpoint, if gambling is so evil to the point that it will be very evil/negative to society to the extent of causing harm to people who are not even gambling through those who are gambling, do you think the government will be this silent about it, especially if it has now become an epidemy in the country? In this situation, if care is not even taken, gambling would be abolished in the country, just like the government is fighting drugs which could cause others who are not even taking them to be harmed due to the drugs' influence on those who are taking them. But the situation is not so right now, which technically means that gambling is not as bad as people are taking it, if not for the irresponsible acts (in finances) associated with gamblers.

Also, look around you, how many people have been harmed by gambling addicts just because such addicts want to gamble? Being bad and doing all sorts of evil is human and is a different ballgame and it is in the nature of the person personally whether he gambles or not. Even if such will use part of the evil proceeds to gamble, how many more things will the person use it for aside from gambling? There will be many of course, so this is not about gambling itself but a bad human being. This is applicable to whether he is even addicted to the extent of robbing, for example, and using part of it to gamble, which is the only risk I see here. But note that desperation can push anyone to do an unspeakable thing but no one has the right to do evil things no matter the reason. A good mind will always counter evil thoughts and opt for a good alternative, so it is not gambling that should be blamed but that evil soul itself.

You are making a very good point and I've always said that whether it is online gambling or physical ones, they have higher benefits to offer than to dissuade or disappoint any gambler from going there to play and have fun or make money. They are both there for reasons, it now depends on the gambler in question to choose the one he wants at that moment. I've also read enough of the excuses given against the land-based casinos on this thread but my question is; are they always happening?

What people cite most times as the issue rarely happens, though none of the casino types are without issues of their own. What if your online casino witnessed a security breach that affected all your money since hackers took away all the money found in the casino? This happens, except that most of them bounce back, but what if yours couldn't bounce back and you have more than $10,000 in it, is that not a risk? So, for it to be possible doesn't mean we will run away from online casinos. The same goes for the few excuses people give to dissuade gamblers from gambling land-based casinos.

Well, this could be good advice, but at the same time, it could be bad, and the way to decipher which one from the two is to first test the strategy. There is nothing bad in trying and if we conclude to always condemn and reject every strategy that come to our way due to the lack of trust, how will we learn or advance in learning? There are good and bad advice out there, it is our choice to learn and practice to be able to detect and refine the ones we will accept and reject those that are not good for us. After all, this is better than the cheap gambling signals that some people are dependent on online, this is about you doing it yourself which is smart as far as I am concerned.

A very good example is the one explained in the main OP, I do not know how someone will regret this because it is top-notch even though the OP never explained it well. Nevertheless, with his simple explanation, it goes a long way for a smart person to fully understand it and still advance in it through various practices. I use this strategy myself and I am certain that the gamblers who are betting on a simple win or loss in sports will also be unable to do without it because it has to deal with knowing the teams and using their last and current feats to judge what the possibility of the outcome will be. This is smart but it will of course not guarantee winning, which is where our management comes in in case it fails at times.

That's very brilliant of you, the fighting or condemning of KYC is not the best and will never take us anywhere but to frown against the use where casinos seem partial about it. Think about it, casinos may allow you to wager a large amount of money and continue to play, and when you lose your money, they will never ask you for the KYC because you are losing to their pocket. But when you are a good player that is winning regularly, then you are a threat and they may start by using the KYC as a weapon. The same thing goes for the player who is withdrawing a sizable amount of money, if it were to be a small amount that such a gambler is requesting, they might look away, but once it is big enough, it becomes an issue.

This looks like using the KYC as a manipulator in my view, so speaking for being fair about it is the right call. I hope it will get to the stage where the world's regulator will mandate the KYC before any transaction can take place on any account, only by that will the fairness we are talking about be unlocked. But these days where the KYC completion is flexible, the casinos can do as they like. This is the more reason why we should be careful as well and stop trusting too much, we should not relax at all, especially when the money we have with the casino is large enough. Completing the KYC at our earliest convenient time is a good way to go in this regard instead of allowing casinos to manipulate our timing and plans for our money.

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I understand you quite well and you are right at the same time, but his generalizing it is what I was trying to point out. Of course, many would do that to fill up their weekly needed posts, but how do we know it is so for everyone just because we feel so? That was my plight. Even if some people did not construct themselves well, it's not a yardstick that they are just bumping up to fill up, some may not even be good at writing, while others may be stressed at that time but still want to contribute (I advise against posting at that time).

My point remains that there are thousands of threads to post in to complete our weekly post, so anyone may still choose to abandon the scam accusation thread if they like because it is never mandatory. For them to reply there does not necessarily mean that they want to bump up in some cases but just write what they believe is right in their own capability. It is not everyone that can be guilty of such allegations even if they do not make so much sense there, that's my point.

I quite understand you bro and you are making enough sense here, but at the same time, gambling is beyond that, you can gamble based on many factors and reasons, but it mustn't always make sense or profits driven per se. This is why I like you to read about Sentimental betting, yes, this is real and it is not necessarily about any objective betting but a bias towards what you love in most cases due to one reason or another which you may not even be able to prove aright since you may just be emotional about your decision.

This was why I chose Joe Biden and that is the least I can do as a fan against what I perceived to be a tyrant not only to the US people but also to immigrants. We all saw what happened in Trump's first term, I will never support such a person who is selfish and inciting just for his personal gains. But again, Joe Biden has his many faults as well, still, a better choice as far as I am concerned.

So regardless of any other factors that will determine the election possibilities, I am betting based on what I believe is right even if there are scarce objectives/basis/factors to back that up (Sentimental betting).

Emotional, how? I don't feel it that way. I see, that's the way you sensed it, it's a choice and it's normal, but I am happy to tell you that the author doesn't feel towards that direction whatsoever. You see, in life, we have different beings and characters, so our behaviours and personalities, and also the immediate and future plans may not be the same thing due to these factors. What I wrote is what I want for myself which I am determined to carry out even without remorse or regrets, since gambling is just an extra activity, I will not even regret letting go when I am at the age of 60 or there about (65 max.).

In case you don't know, this has been peculiar to me since many years ago, and at that age, I want to occupy myself with only those things that give me a free mind to think and breathe without worries. By that time, I would like to invest more in the humanitarian aspect of life and social welfare and activities. I mean those things that will be productive to myself and humanity in general, so it's all about individuality here my friend, it's nothing personal or emotional as you made it look.

Talk is very cheap, so I don't give someone like him a thought. But one thing that is annoying is for some people to be running their mouths but only to claim they speculate. Speculation without a constructive reason for the claim? All I can see is a clown who doesn't even know what he is saying and why he is saying it. You can imagine Bitcoin that is still struggling to hit back its current ATH at about $73,850 talkless of breaching it towards a higher level and hitting the milestone psychology level of $100,000 which is now more expected by people reaching $350,000 just like that.

The struggle of the coin to proceed higher can only be because of the lack of more liquidity. How will it easily hit $350,000 which is multiple times its current ATH in August which is barely 2 months ahead? This is a joke! To make matters worse, he has no useful reason but to blame Joe Biden, Janet Yellen and Jerome Powell who are partly controlling the power of the USD. Could it mean that the USD will be so useless and fall so much to the point that BTC will be able to rise higher since the two are paired together (BTC/USD)? If this happened, then the whole financial market would have been in trouble.

This guy should just be disregarded in all senses.

I don't think you constructed this well as they look looped together and expose that you might not really be a trader, or you are not deep in it. First, having the perfect setup before you pull the trigger has nothing to do with a "guarantee," (no one is preaching that in this context), but a means for you to have a trading system and plan and also strictly follow them with all determination. This doesn't mean there won't be challenges in trading as no one can vouch for a 100% winning system, so that's not the point. The point is for traders to be patient for their trading setup to fully align and I am certain that the trader who does this frequently will have an increased winning percentage.

However, fine, traders can lose at any time as no trader or system is perfect, but the shortcomings that the trader could lose at times will be covered up with viable money and risk management. That is trading for you! There are already laid down rules if one can explore them properly. Nevertheless one thing that is certain is for the trader to ensure that he first fully understands what he is doing before totally giving in to trading. Once you know it and your system is working fine, trust it and follow it without doubts or change of plan which makes many traders lose their money through impatience, greed and fear.

 

I've always been careful about crypto projects, be it airdrop, bounty chase, NFT freebies and anything that will make me comprise my wallet and engaged on social media for one task or the other. Except for lately, when I started participating in tapping projects on Telegram, this was because of the success of Notcoin, other than that, anything free is not even my thing because it could cause issues later through various demands or compromises. After this tapping of a thing, I will stop entirely as I can only see that it is controlling.

Do this, or do that is certainly not my thing, but if you do not do it, your efforts will not be maximized, that's the temptation. Notwithstanding, one has to be very careful in the crypto world lately, there are too many projects and they are not verifiable, which makes it extremely risky. Binance has also been issuing a warning on the limitation we should give to any project no matter how true what they preach could be, this is a real warning that should not be disregarded. One could lose enough through phishing activities and other susceptible vices caused by the temptation of the freebies, we should be warned indeed and thanks to you.

Can you now blame gambling for this? I bet not, you would be very mistaken if you did. Am I not gambling? Are others not gambling whom you will not even know they do if they never told you? What I see here is individual irresponsibility, desperation, recklessness and greed, it is your elder brother who needs to keep his sh*t together and you should stop blaming gambling. If he is responsible enough, wouldn't he have earmarked the money for himself and the family aside from the money he would gamble with?

Let us stop celebrating weakness and idiocy, and find something to put the blame upon. It is gambling this time in this context, for some people, it is women and frivolities, and to some others, it is drinking and drugs, etc. All these are by choice my friend and they tell of whom we are. Some people would do something at times that you will be wondering within you whether they are completely insane, that's how I view this. What we can't learn to control will control us and also define us, so this is not peculiar to gambling, it is what your brother is.

You guys should try your best to deliver him of this mess, I hope he will cooperate.