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181  Economy / Gambling discussion / Re: Have you won a bet with your last cash? on: May 06, 2024, 05:25:36 PM
Setting and sticking to limits is very important when it comes to responsible gambling. Before stepping foot in a casino or placing the first bet online, it is wise to determine a strict budget of how much money is acceptable to lose and never cross that threshold. Many people fall into the trap of telling themselves "Just one more hand" or "I'll win it back next time" as they continue gambling past their predetermined limit in hopes of recouping their losses. But having the maturity to play responsibly, and knowing when to stop, is the sign of a smart gambler who knows their limits.

Right, the key is always about having boundaries and control if you want to avoid the bad possibilities that exist in gambling such as addiction, because the danger is that when you have fallen into addiction unconsciously then obviously you are already in a position that is difficult to be able to think rationally, because addiction is a situation where a gambler is already in a very high level of interest in winning so most likely what you want is to continue to get a win where you don't even hesitate to do some actions or decisions that don't make sense.

So to prevent that from happening is to apply some of the suggested things such as limits on the time and also the amount of budget that you want to bet, as you said that try to always put the amount of money that we can afford to lose which is useful to minimize the possibility of emotions due to the inability to accept the fact of losing. Finally, as you said, the key to engagement that can keep us safe in the long run is to be a responsible gambler and know when to row and when to pull over.
182  Economy / Gambling discussion / Re: Do you gamble because you don't have sufficient money? on: May 06, 2024, 04:57:14 PM

That's right because most gamblers see many things happens in casino so they also wants to wins and makes money from gambling. That makes them keeps playing gambling even without stops gambling for a while and they still expect to wins for some money. They don't knows that can only gives them lose much money without have a chance to gets their money back. They thinks that playing gambling is a fast way to gets rich so they don't care with anything that can happens to them. They only thinks about how to wins the games and gets the money so they can use it for the other things.

People must used online gambling wisely to avoids a big lose because playing online gambling can makes them forget about everything, including about the limitation that they already set. That will gives a big risks to them as they can lose their money and they will feels difficult to gets their money back. We as a normal gamblers must knows how to prevents the big lose, especially we already have that experienced before so we must use gambling carefully. We can wins much money but that's not easy so we must thinks about how to used gambling as a fun activity.

I'm pretty confident that some gamblers are way more interested on the dopamine hits than on winning or losing
it's not so much about the money but about the game
crazy, isn't it?

then they don't know when to stop, keep betting and betting more, don't size according to their total bankroll

and end up broke...


Yups I agree with that, there is another reason that makes gamblers stick around to continue the session, which is to feel a longer atmosphere of pleasure or excitement regardless of winning or losing, I think it is more likely that the session will end up losing more, because if the issue they are pursuing is a dopamine increase then surely they want to continue to be in front of the screen to see the bets that are running. And I would probably say that this is also a harmful approach and goal in gambling, because in the scenario it's almost the same as when you have the goal of chasing a win, but maybe in terms of the impact of chasing a dopamine boost can be much more severe than chasing a win because there will definitely be no end and also because what they want is to continue to feel excitement which in that scenario can cost more money because the idea of “stopping” will not be in their mind.
183  Economy / Gambling discussion / Re: How much of my salary should I use to gamble on: May 06, 2024, 04:35:50 PM
Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work,  so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?
I only gamble with my spare money, but if I would set up a percentage it would only be small so that it wouldn't affect me much.
I also don't want to do it regularly, I only gamble when I feel like it, so I am not setting up a percentage from my salary for it.

I would honestly say that you have a good approach to gambling and I am sure that it seems like you have a proper understanding of how gambling really is so with that understanding makes you really treat gambling activities very carefully by only making gambling a place to seek pleasure regardless of winning or losing results at the end of the session.

On the other hand as you say you only allocate small amounts of money to gambling and also you don't gamble very often and only gamble when you feel like it and by having this approach then obviously it is less likely for you to experience some of the significant adverse effects that many people who try to treat gambling in the wrong way tend to overdo it, and basically whatever your salary is I think it is less likely for you to experience financial problems as a result of being involved in gambling.
184  Economy / Gambling discussion / Re: Stopping the curse of losing streak? on: May 06, 2024, 04:10:00 PM

Gambling can make you lose millions in a day if you can't manage to control your emotions and if you chase winning. Losing 3bets straight is not good anymore and an indication that we are not lucky today which we need to stop for a while. There is no other strategy to avoid major losses other than controlling ourselves and knowing when to stop. More gamblers get in trouble because they always think "What if I'm lucky in the next bet and win the jackpot". This kind of thinking will certainly be pushing us to lose more rather than saving our ass from happening.


Aside from that hope also addiction push gambler to keep chasing, thinking that luck may find his way to back you up and immidiately will  give you the chance to recover your money, though the possible earnings might be too small but there's some who knows how to play with their emotions and manage to take some wins from the house, it's a case to case situation same deal with those who losses a lot as they experienced bad losing streaks.

I think all of the problem points start from having excessive expectations on gambling, which when someone has expectations on winning then as you said above that they will definitely continue to chase victory with a certain goal, whether it's to become rich or restore something that has been lost before, and also with you having excessive expectations on winning then usually you will always think positively or mean having high confidence at the beginning of the session that you will be able to win at the end of the session, and this is the wrong mindset because however the possibility of losing will always be a part that can never be separated.

This is the reason why gamblers are always advised to limit their expectations of winning, as it is clear that this mindset will only bring you closer to more regrets especially when you are away from luck.
185  Economy / Gambling discussion / Re: Why the rich win gambling more than the poor. on: May 06, 2024, 03:45:20 PM
Honestly, I'm not too sure about the idea that rich people can win much more often than poor people, if we talk about the amount of the budget then yes, obviously the number of wins of the rich must be much greater than the poor, but what you have to understand is that winning in gambling does not look at how much budget you bet, no matter how much budget you bet it cannot be a guarantee that you will always be able to get a win in every session you do.

This means that being rich or poor is not something that can be used as a guarantee that the person will always be able to win, but I also recognize that the number of wins of the rich will definitely be much greater (not more often) than the poor because of the difference in the amount of capital they bet at the beginning, and the rest is a matter of luck, Or what it means is that only luck can guarantee you to win and not a matter of whether you are rich or not, while on the other hand it is a fact that the name of luck can never be known when it comes and how often it will be, meaning that there is always the possibility that poor people can win much bigger than rich people if it is their luck streak that can turn small capital into very large.
186  Economy / Trading Discussion / Re: Invest To Learning First on: May 06, 2024, 03:26:41 PM
[...]
But in my opinion , if someone is really passionate about investing , they can learn for themselves because everything is free on the internet , no need to go to an expert . What matters is whether we are really serious or we are just greedy and want to get rich quickly .
have you ever booked a course with a trading expert in the past, for example? the courses are definitely justified, as the information is conveyed much better and in a much shorter time than if you have to teach yourself everything via youtube and co. so especially for people who want to get into the subject relatively quickly, such courses are very suitable, but of course they also cost (sometimes even a lot of) money.

Yes that's true, but I think it depends on the person too, if for example they want to have a longer learning process then maybe they can do it themselves by looking for various information that is provided for free by the internet, but actually in this matter honestly I am quite worried about the safety of beginners if they do it themselves without being accompanied or supervised by mentors, because there is a possibility for them to eventually have the wrong approach because they are learning something wrong. And also, usually the name of the learning process must have its stages, someone who is new to something like trading they will not immediately understand if they find learning too difficult, and one of the reasons why it is quite advisable to use the services of mentors is to direct you to the correct learning stages slowly and maybe faster than we learn it ourselves, but yes this is just a suggestion in my view, the rest is up to you which one you will choose.
187  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: May 06, 2024, 03:06:20 PM

In fact, in my opinion luck is much more important than strategy, strategy is only a complement while luck is the main key to confirming victory, achieving luck is very difficult because indeed everyone will never know when they can be lucky in any case but the fact is that there are always some gamblers who waste their luck by instead continuing the session because they are unable to ignore the greed that is in them, in the end instead of getting a bigger amount but in the end they lose all the money they managed to get at the beginning.

Luck varies and everyone has different luck, especially when it comes to winning in gambling, so if you have managed to win $100 for example then you should not think of copying someone else's winning amount of $1000 because as I said above that everyone has different luck, which is a lot of evidence that we can see that someone who is greedy and wants to get a much bigger win like everyone else then in the end they lose everything, and this is the reason why everyone's luck is different. Another thing is that yes I agree with you that gambling is always about winning and losing, you can win a large amount but you can also lose an even larger amount, hence this is the reason not to put excessive expectations on winning because it will create a lot of excessive actions while winning always depends on luck.
You're right: luck is crucial in gambling. Honestly, its a factor. Real winners, the top players, the bankers, understand strategy. Thats crucial. Luck brings you in, but strategy gets you paid.  The big hand isnt enough - you must know when to fold and walk away to win. The real skill is there. Greed? Its deadly, disastrous. Unbelievable speed at which winners become losers. The key is recognizing your limits. You win $100? Amazing! Take and celebrate. Trying to win someone else's grand? Poor odds on the bet. Follow your strategy, be proud of wins, and you'll always have more chips.

Sure, because after all it's a fact that everyone has different luck in life and in whatever they do, but unfortunately most of them don't understand the concept and the way luck works which is why they just keep going on and on in order to get bigger winnings like other people, and if this is your approach to gambling then I would say that when you see other people's winnings that are much bigger then surely you will also have the feeling to get the same amount as them.

This means that this approach to gambling involves “desire” and there is usually no limit to desire, as long as you see it then you will continue to want something bigger, and it is clear that this is a mindset and approach that will actually only lead you to more regret. So from now on it's better to always be content especially when you manage to get some winnings, don't look at others and as you said here that we should be proud of our winnings, and I will tell you that the key to being able to have this kind of approach to gambling is to understand what gambling is really about, not just focus on the chances of winning but also look at the risks.
188  Economy / Gambling discussion / Re: Do you care about what people say about you gambling? on: May 06, 2024, 02:46:02 PM

Nowadays only in not so well developed countries people like to talk about each other life,in people where life is rushing and is very fast paced in general no one has time to deal with what you are doing or with what activity you are spending your time.Of course in the offline casinos in any country people will talk,look at that person going to the casino and losing money and we cannot stop this general judgement against gamblers,this is passed on by generations to generations.I mean in a country not really fast paced like the one where I live,people invade your privacy and ask you things that they shouldn't like coming near you and trying to see what are you doing with your phone,making you at risk even when you do online gambling.

In order not to worry about what people will say or what they will think about the fact that you are passionate about gambling, just try to make sure that they don’t find out about it. Don’t tell anyone about this and don’t play in someone’s presence, I think it’s not that difficult to do. This applies to those who may be concerned about someone's opinion regarding what they do. Personally, this doesn’t bother me at all, it’s my personal business, I do what I see fit, and I also don’t meddle in other people’s affairs.

Well that's right, the point is to take the decision or action to hide involvement in gambling from the eyes of others, because only then will you be able to avoid some criticism or even ridicule that can disturb your peace and I agree with you that this is not difficult for anyone to do.

But sometimes keeping involvement in gambling a secret can be difficult to do if they are a fairly arrogant type of person where the scenario is usually they are very eager to announce or tell others that they managed to win a big win which of course indirectly this action can make other people know and maybe these other people can spread this information to other people which over time the people who are there might find out that you are a gambler, but in the end it depends on the person too.
189  Economy / Gambling discussion / Re: cash out or let it ride? on: May 06, 2024, 02:25:45 PM

If you work then you have to spend a lot of time and sweat to be able to get that amount of money, then the question is why not be grateful for the amount and choose to cash out? I'm sure that this is a situation where someone is being dominated by greed, but think that if you don't secure the amount then you cannot be said to be safe and still have the possibility of losing all the amount without a remainder.

This is the importance of a gambler to have a healthy mindset and a rational point of view in every response to everything where I am sure that by thinking rationally in terms of considering then they will prefer to cash out rather than chasing something bigger but without being based on any certainty and guarantee.             

Exactly and its so rare to win a big amount in such situation that's why its better to cash it out so we can secure our profit and we would not feel any pressure since we already got the big prize for betting on the team we like. And glad he made a right choice since if the case he didn't do that and he lose the opportunity to gain a lot of money for sure he would regret that scenario for long time.

But I guess everything is secured and congrats for winning since for sure all will people here would do the same which is to cashout since there's nothing to lose anymore in that situation. Chasing more bigger profit will result to bigger problems so we should not be greedy and be happy with current gains.

Yes it is quite rare to be able to get a much bigger win, but actually in gambling anything can happen, or that means if for example your luck is still able to survive then yes maybe you will be able to get a much bigger win when applying greed, but that's not the main point in this matter. The question is whether you are able to accept the fact of losing money that was previously in sight? This is the main problem that cannot be accepted by most gamblers, meaning that they are losers who want a big win but are unable to accept the fact of losing or are unable to take responsibility for their decisions.

So actually the first thing that should be considered in such a situation is whether or not you are able to take responsibility for the decision you have made to continue in pursuit of something bigger, and if for example you are able to accept that it turns out that by continuing the session you have lost all the amounts you have previously obtained then yes that is not a problem, but honestly I am not sure that someone will really be able to accept the state of defeat when they are chasing something bigger when they have previously seen that they have managed to pocket a number of wins and this is a situation that can make someone dominated by emotions.
190  Economy / Gambling discussion / Re: How my gambling life started. on: May 06, 2024, 02:07:54 PM
In this modern era, online gambling and online casinos have become a new choice for both new and old gamblers. I used to play physical gambling and I also experienced bad things. When you play with your friends or relatives and there is something controversial, it will cause a commotion and will destroy the relationship that has been built. Usually cheating can occur intentionally or at the provocation of the winner. But with online gambling and casinos the only thing you think about is yourself.
In my opinion, something that must be managed when gambling online is the fact that online gambling can make you 20 or 30 percent more likely to become addicted than physical gambling. Honestly, I see that my friends who still gamble with physical cards are not as addicted as my friends who play online gambling.

We have for more than once argued this, where some people agreed that addiction to gambling can come from both online and offline gambling. Yeah, I am among the people who believe that both online casinos and traditional gambling systems have the same rate of making someone addicted if the gambler lacks self-discipline.

What I agree with from other things you have said is that offline gambling can cause more conflict than online gambling, and the reason is not a secret. 

In fact, whatever the type of gambling and wherever you gamble, online or physical, the possibility of addiction will always be there, the difference here is only the place of gambling but still for the problem of impact and possibility is the same because still wherever you gamble, the name of gambling is still gambling, There is no difference and as you said that both types of gambling have the same possibility of addiction, and the rest depends on how the approach the gambler has, if for example they have the wrong approach then obviously wherever you gamble, addiction is a sure thing.

Another thing is that I agree with the idea that the physical gambling type is likely to have the potential for conflict with other fellow gamblers because of course you are gambling in an atmosphere where you encounter many people who may be trivial things can become a problem if you cross paths with someone who has a sensitive personality or is easily emotional.
191  Economy / Gambling discussion / Re: Gambling addiction causes loss on: May 06, 2024, 09:18:39 AM

If luck permits and you managed to win more then better to stop after, there are gamblers who experience that kind of luck and managed to win more after a good winning streaks,  those who can handle the pressure and can do things accordingly,  though not too many can initiate that kind of experience as most of those gamblers who push for more experience huge losing streaks and bring all those money back to the house.

It's on your decision making and how you take care of your finances, a wise gambler alway have that certain point of limitation and they will stick on it to make sure that they are securing their funds.

This is a regular concept that is owned by those gamblers who come with the right understanding, or those who understand that the possibility of risk will continue to lurk and can befall them when they choose to continue the session to get a bigger win, so with this right understanding it will be easier for them to make wise decisions that lead to prevention by preferring to stop and cash out so as not to end up with regret due to losing everything they have earned if they continue the session.

But yes as we know that the fact is that only a few gamblers have such an approach and understanding in gambling, and it has been proven that most of them actually act more aggressively when they manage to win which instead of stopping to secure the victory but they continue to continue with higher hopes and confidence to get a bigger amount which in the end as you said that they experience a losing streak that eliminates all the amounts they have initially obtained, and this is why it is always recommended to first have a correct and proper understanding of how gambling really is, because otherwise you will always end the session with regret.
192  Economy / Gambling discussion / Re: Use your winning responsibly on: May 06, 2024, 08:59:17 AM

Better doing this kind of things instead of being greedy and try pushing for more, the usual action of a addicted gambler is to use the winning money to extend their gambling sessions, but for those who still in control of their emotions, it's best to take the big portions of your money and use it for something like what OP did mentioned.

It's a very good decision to take some of your gambling winnings and buy them like things at home. Apart from minimizing addiction which results in losing everything, it will also make the results of gambling more visible.
but this can be done if the winnings obtained are large enough. what about small players who may only be slightly above the minimum withdrawal? When you are in a position like that, will you continue to take that small portion or continue to bet to increase your winnings.

That's right, there is no other wiser decision than cashing it in and enjoying it to buy everything you want, however gambling is a random probability activity where the results at the end of the session will always be different, meaning it doesn't matter even if for example now you win but if for example If you continue the session, there will be a possibility for you to experience defeat in that session and lose all the money you initially won.

I would say that it is not a real win if you cannot enjoy it at all and perhaps more precisely it is money that stops for a while and then leaves you again, therefore it is very important for a gambler to know about when is the best time to start and when the right thing to stop. On the other hand, in my opinion, whatever the amount of your winnings, if for example the amount has met the minimum withdrawal amount at the casino then make a withdrawal quickly, don't chase something bigger because in the end it is clear that there will only be regrets left.
193  Economy / Gambling discussion / Re: How much of my salary should I use to gamble on: May 06, 2024, 08:32:10 AM
Anyone, especially adults, are free to gamble or that means they are allowed to engage in gambling, especially when their country legalizes gambling activities and the rest is up to the gambler himself in terms of treating his gambling activities, but in the end it is still always recommended to treat gambling in moderation by putting a lot of restrictions on involvement such as in terms of time and budget. If in your place or in your neighborhood gambling is like a common thing that is often done then yes as much as possible you should be able to treat gambling in a reasonable way.

The main thing that must be considered is to understand how gambling actually is, you must understand how to get a win where most wins will only come when you are lucky and nothing more than that, and the other thing is that we also have to understand that the risks in gambling can never be avoided completely, This means that as long as you gamble then the possibility of defeat will continue to lurk when you are away from luck and by having this understanding I am sure that it is less likely for you to take irrational actions, and in my opinion the effective amount of budget allocation is to put 5% of the total salary you get to allocate to gambling, not more than that.
194  Economy / Gambling discussion / Re: Should mentally unstable people be allowed to gamble? on: May 05, 2024, 08:32:26 PM
Those that just bet and don't steal money from the others so that they can bet, there's no problem with that. There are mentally stable people but they're even more that does a lot of crazy things for them to be able to gamble. And with that, they should be the ones to get banned from entering into physical casinos or betting shops. Because if they're harming people, that's best for them to stay wherever they are and don't bring ruckus to the other gamblers that are happily gambling.
If they're not going to stop from doing those unnecessary things that bothers other gamblers in the betting shops, that's one reason to bar them from going in to the casino because they're too naughty and they don't understand how irritating it is when they're bothered by someone who's also a gambler but doesn't respect boundaries. And with that, it's best for the management to do actions before some customers request it to them to do it.

No matter how stable they can be the fact that even very sound people,smart people like IT persons or engineers with high positions in work and society have ruined their life because of gambling.They have started out just like everybody else yet their being smart have not helped them to make sound decisions and to stop gambling when their mind were playing tricks on them.Gambling have destabilized really smart minds and persons and spares no one,this is what I am trying to say here,even stable persons,smart ones with a firm life and family can fall prey to gambling and should not be suggested to gamble,I am not at all talking about stealing money as that is going down in moral lows,yet again I repeat gambling spares no one so everyone should be extra careful.

In gambling anything can happen, and no matter who you are or what your position is or how smart you are in a field the fact is that everything is useless if emotions play a role, as we know that generally when something is done based on emotions it will lead to end results that can sometimes be very bad, while gambling is an activity that is very vulnerable to causing emotions to dominate in a person which I think we already know that quite a lot of people have experienced a lot of downfalls.

As you said above that anyone can fall prey to gambling, no matter who you are, no matter how smart you are, or how rich or poor you are you can eventually end up with a very bad situation and life conditions if you treat gambling in the wrong way, well we have found the trigger point that can cause problems is the wrong way of treating gambling activities, and this is the reason why a gambler is always advised to be careful along with putting a lot of restrictions on time, budget and expectations on winning.
195  Economy / Gambling discussion / Re: Double your money and quite on: May 05, 2024, 08:12:26 PM
Money in gambling is not permanent that's why we should not be greedy but withdraw the money quickly when the winnings reach an expected level. I have seen many gamblers who could not control their greed after a big win and at some point lost their winnings. Moreover, cases where gamblers have depleted their bankroll due to greed that are not new. I have lost my bankroll in my own case. So it must be said that if a big win comes then after receiving that money one should take a break from gambling even for a while and enjoy the winnings otherwise that money can be lost at any time.
Some gamblers instantly withdraw all funds enjoying big wins, they will buy expensive items and vacations to beach islands, but other gamblers continue to play in the hope of getting higher winnings and some other gamblers have withdrawn some of the winnings before betting again, but they will regret indulging in greed that will lead them to losses and ultimately they have lost all the funds they ever had in their gambling account. We have seen several similar cases that have happened to other gamblers, they have achieved the expected winnings but they say they will withdraw funds after reaching 2x higher than the initial winnings.

That's the bad thing about applying greed, after all, the name greed will always involve or be related to desire while the name of desire will usually never have an end, which means that no matter how big the amount of victory you managed to get in the end, you will definitely continue to pursue something bigger, while however in gambling the possibility of risk or loss of money can never be avoided because defeat will always be a part of gambling, so it is only natural that this type of gambler will suffer more regret due to losing back the amount they had previously won.

This is the reason why a gambler is forbidden to overdo it in any condition whether it is winning or losing, because even if you have managed to win if you cannot ignore the greed aspect in yourself then in the end it is still likely that you will only stop when all the winning amount is lost again due to the luck that has been lost which makes you lose, and also no matter if for example you are in a losing condition if you cannot stop then obviously the possibility of defeat can occur again if you continue. It is therefore a very wise decision and it is advisable to cash out as soon as possible, hence this is the reason why a gambler is required to have the ability and know about when is the best time to paddle and when is the right time to pull over.
196  Economy / Trading Discussion / Re: Invest To Learning First on: May 05, 2024, 07:52:56 PM
Having the basic knowledge of any investment you want to start is one of the major thing someone to do anytime they want to enter a specific business, and that is the only way to be successful trader or investor, because there is no way they will be able to manage the risk associated with investment without knowing the knowledge of where they want to invest in to. So before someone earn they need to learn. However, when it comes to comes to taking risk in a business, someone’s have to be very careful about this, because that is what will make someone to take care of their investment, and get profit from it.
When someone decides to make an investment or anything else of course they must first learn about it and don't let them not do it based on the knowledge they have so that they experience failure which makes them lose the money used for that matter, to be able to to be successful in investing, of course we have to first learn about investing in order to make a profit and we have to be patient when learning this and never think that we will be successful easily of course we have to go through a learning process so that we can be successful in investing and also trade.

In any case knowledge will always be the strongest foundation to keep it going, especially when it comes to an activity that involves finance which is added with a certain level of risk for losses which means that the activity should not be done with an empty mind if you or anyone does not want to end up losing a lot of money and time for nothing.

Basically investing provides profit opportunities to all investors involved but obviously behind it the possibility of losses will also continue to lurk you at any time as long as you are still involved in the activity, meaning when you have absolutely no knowledge because you don't want to go through all the difficulties of learning then yes of course in the end you will even experience a lot of losses. The fact is that everyone wants to succeed in anything including in the world of investment, they are very tempted when they see other investors who have succeeded in achieving their success by getting a lot of profit but it is a fact that not all of them want to go through the process of difficulty in passing the learning phase.
197  Economy / Trading Discussion / Re: What ways can a trader raise money? on: May 05, 2024, 07:32:23 PM
If indeed the situation you do not have money to start your trading steps then I think there is no other way than you make your own money in any way, you can not exclude how to make money by "working or adding work" because this is the only way to make money to be used as capital for your initial trading steps, because in the world of trading it is really not recommended for a trader to borrow money or convince others to give money with an agreement and agreement on profit sharing, one of the reasons is because after all trading will not always be able to make a profit every time.

You can never rule out the aspect of possible risk in trading, because simply put anything that has a chance of making money will always have the possibility of losing money. We must understand that trading is not as easy as turning the palm of the hand, a trader is required to always have a rational mindset and a calm situation when running a session in order to make a truly correct decision, while not taking loans or trading using other people's capital will be able to affect psychologically in your mind? obviously, and this greatly affects decision making, and I think you should already know that it is not uncommon for a trader to end up failing because of the pressure in his mind when they trade using borrowed money or capital money provided by other parties on the basis of an agreement, so the point is that it is better to use your own funds so that you can be calmer in terms of analyzing a market and if you don't have the capital to step up then the only way is that you have to work or increase work.
198  Economy / Trading Discussion / Re: TRADERS are not UNEMPLOYED on: May 05, 2024, 07:11:29 PM
Trading is a kind of work that give us profit, i think the status of a trader is unemployed because there is no employer in trading it is a kind of work that you are the one who manage your time no one will bother you.i think there is no problem on it even if we are only traders and we are so called unemployed as long as we earn profit even if we don't have salary or regular work but still it is almost the same earnings.

All traders come with the same intentions and goals, namely to seek profit but I disagree if for example someone says that a trader is unemployed because clearly the name unemployed is those who do not have any activity to produce, even though there is no employer or boss or boss when you become a trader but still it cannot be said to be completely unemployed. However trading is a serious job but it may be engaged in the online field which is the reason why there are no employers or bosses because only we ourselves manage everything and it is because of this that many people make trading a side job or part-time job in addition to the main job they have and I will again say that in my opinion a trader is not right if he is called unemployed because his income is proven to be real and maybe I will say that those who claim or who say a trader is unemployed are those who may not know or do not understand that the times are getting more sophisticated which when you are smart then you will be able to take advantage of every opportunity that comes.
199  Economy / Trading Discussion / Re: Day trading or Long term on: May 05, 2024, 06:25:01 PM
Basically all traders come with the intention and goal of making a profit but there may be differences in terms of how to get it, some trade with short time frames and some do it by applying long-term planning using fundamental analysis, but for this problem I think it depends on the situation and conditions, simply put if for example you are very busy in your daily life with a lot of activities then yes maybe you can try to trade by applying long-term planning and take maximum profit at the end of the plan you made.

But if for example you are not too busy or have a lot of free time then yes there is nothing wrong with being a day trader using technical analysis, but maybe you really need to have very good risk management if you want to be a day trader because every day you will be in front of the monitor screen to analyze the market and open trading positions where there is a possibility of emotions when you experience losses and also quite a lot of other factors that can trigger problems, because not every day you can focus on analyzing, because usually from the experience I have there are always times when I am not focused because at certain times I have personal problems outside of trading matters that make me less than optimal in terms of analyzing and also that make me easily provoked emotions, but the rest is up to you because this is a choice.
200  Economy / Trading Discussion / Re: Lack of capital or knowledge, which one is holding traders back from profits? on: May 05, 2024, 06:01:08 PM
The two always go together between capital and knowledge, if for example you have knowledge but no capital then of course there will be no action to start to make a profit, and if for example you have a lot of capital but no knowledge in the world of trading then obviously you will only waste time and money. But if the question is which one of the two is more important then I think I would answer that knowledge is much more important than capital, because anyway there are now quite a lot of loan services that you can take, although trading with borrowed money is not recommended, but there are still other ways that can be done by finding additional jobs to increase your income and also so that you have money left over to allocate to your trading.

Trading is not gambling which means that the profit that will be made is very dependent on how skilled you are in trading, if for example your flying hours are very high in the sense that you are experienced and have enough knowledge and knowledge then most likely you can make consistent profits in the long run, so in conclusion I think knowledge is the main thing in trading and this is the reason why a beginner trader is more recommended to do a lot of learning first about various things related to trading, especially risk management before entering and engaging in real trading.
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