The best that a trader can do is to never depend on signals. The best thing that a trader can do for himself is to learn, have knowledge and experience about trading even if he wants to use a signal or not.
As for me, I do not use signal because I know that the signal providers are only looking for ways to enrish their own pocket and nothing more.
If a trader follow the right thing to do in trading and not greedy, he will make money from it.
I definitely agree with you. Trading using signals from signal providers are not profitable in the long run. Because if suddenly the trading signal providers just stopped their service, the profit will also stop to those who are availing their service most of the time. Self study is the best because the knowledge will be engraved in your brain forever, no fees or whatsoever. Being independent is so much better rather than trusting your future to other people. |
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There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge,
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.
These things you have mentioned are always being experience by newbies, because they are expecting too much from themselves even though they know that they are just starters. For me, even the bad trades are important, because from those failures, you're gonna learn more than what you can learn from winning. The only thing they have to do is to calm down, take a rest instead of chasing their losses, because you can't gain something from a clouded mind and messed up decision making. |
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When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.
How come selling Bitcoin in its price right now more reasonable than selling it when its price was $69,000? I don't get the point. If you're panicking because the price might get even lower, I assure you, it's normal. If you're going to let your negative thoughts win, you don't deserve the profit in the long run. Bitcoin pumps and dumps, but it doesn't mean it'll dump to zero dollar per bitcoin. You just have to wait and believe on Bitcoin's potential, because Bitcoin is the number 1 cryptocurrency that you can trust. But if you can't control your emotions and uncertainty, you're free to sell it whenever you want at any price. |
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It's still a good buy if you just made the decision to buy bitcoin after thinking about it for a long time. For me the biggest opportunity to buy it was way back December 2022 where its price dumped to $16,949.61, according to google. If you bought bitcoin that time using all of your funds, you can assure yourself that you're gonna make a lot of profits when it will make another all time high.
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Copy trading is easy, less hassle, however, the challenge on it is to find the right trader that'll give you profits most of the time. The disadvantage is that his trading funds could be bigger than yours so there's a chance that your funds could be burnt in no time while his funds doesn't even budge. So in my opinion, doing copy trading has its own risk and the final decision is yours to make.
Even copy trading is much easier than regular trading, it still need something to do or maintain especially in the beginning. A lot of research need to be done on the trader you are copying and the strategy that the professional trader is doing because like you said you can be burned if you don't have that much funds. Basically, it's not something that a pure newbie who can successfully execute everytime. I think it's for someone that has an experience to fully take advantage of this service/system. I disagree. I don't think looking up to the trader's profile you want to copy is a "lot" research to do, that's why it's called copy trading. Also, there's nothing like "this is just for a newbie" and "this is just for the pro", anything that a certain individual wanted to try is okay, those experience traders that you're talking about was also newbies, you're never going to be a professional on trading or in any field if you're going to apply that kind of mindset of yours. We gain experience by trying things out, not by avoiding it. |
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I'll go for cryptocurrency.
Cryptocurrency is a high risk high reward in the long run. I'm talking about buying Bitcoin in a very low price and wait until I can sell it in a high price where I would have a very nice profit so the waiting game wouldn't go to waste. Business is also a good one but for me it's tiring because of trial and error process, for you to know what products or services would easily hype in your target people.
So yes, I'd rather choose buying and hodling Bitcoin for a long term process.
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Building an apartment as a business here in my country is much profitable than building a house and post it for rent online.
The secret I believe is always prioritize your needs, if you want to earn money go for the things that will give you money in return, like investing, making a small business to big business as an upgrade, buy and sell cars or bikes, etc. There's a lot of ways to generate money even with a small amount of capital, it will depends on how you're going to make it circulate well.
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I'd say to develop your capital, find something that can give you a lot of profits to sustain your wants and needs without worrying on getting broke or bankrupt.
The problem is that, most of the people are contented on what they are earning but never contented on what they have. They love to spend their money on things that they wanted, like brand-new iphone, ipad, macbook, or any luxury items just for flexing and social climbing stuff to gain attention which they will never get anything valuable in return.
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If you are onto gambling for the first time it's not possible to get addicted to gambling because you haven't tasted what winning feels like, you will be consumed by doubts and uncertainty.
Early winning especially for new gamblers will give them the wrong idea thinking that this is the right place to stay as they thought that gambling would make them rich. They'll never know exactly what awaits them in the next couple of these of gambling. Many speculations arise and base on my experience, especially these online games, there is a sort of manipulations as we usually win on the very first day and this is a trick to help you encourage to gamble and spend more. And after a short happiness and winning, worse things happen and that is an absolute lose. Gambling is not a get rich quick type of scheme. It's a form of entertainment with compensation on the sides. You will be lucky enough if you get to be successful because of gambling because while it is possible, it rarely happens. People often think of gambling as an escape route to poverty or other sort of financial problem. It's not. It could even dig you deeper to your grave if you can't manage to do it properly. It'll never make you rich the moment you get addicted to it. You need to have specific goals, fund allocation, and limitations to reach what you are aiming for in the very beginning. Do not become obsessed on chasing winnings because it could make you lose everything you got. |
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You have a good position in this situation, investing instead of risking your money inside gambling, if you can do that and you can manage yourself, you will harvest the fruit of your success, if you have that good anticipation and a good mind control you can use your spare money not to any form of risk or any form of gambling but doing your investment with a good knowledge and understanding, you may earn decently after.
Using the money in the gambling is not risking the money,because we had a chance of winning from the gambling.It's seems you totally worry about the loss before suggesting others.Practice the gambling with the less money is most essential one.After getting good experience from the gambling,you can do start the high bet in the gambling.Many people start to gamble without learning the food ideology about the gambling.It's like the investing in the random coin in cryptocurrency without understanding the ground reality about the coin and without checking the background verification of the owners.The main purpose of the gambling is to provide the entertainment to the user and many wrongly think it's money making machine. You can practice gambling by using demo account to test the waters first without actually burning money. If you aren't knowledgeable about the basics, then chances of you losing is high. Hence, you must understand and get used to the process first. If you can't do it without money involved, then practicing with small amount is the next good idea. You shouldn't start big as your initial bet, never, ever. Don't be greedy thinking you have the beginner's luck because not everyone has the same level of it during first plays or bets. If you want to have some fun, do it without the expense your finances. |
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If a person can realize his mistakes, he can try to correct his mistakes as soon as possible so as not to repeat the mistakes of others. But usually, gamblers repeat the same mistakes because gambling can continue to tempt them to keep gambling where mistake after mistake will occur again. And if we find peer pressure, we shouldn't need to approach them, especially if it's gambling, because they can pressure us even more to follow their wishes even though we don't want to. That is the importance of having self-control and others so that nothing can pressure us in various situations and conditions.
This is where the discipline and self-restraint play an important part. One won't fall for the cycle of mistakes if he's behaved enough and know his lessons in life. It's not always needed to learn from your own mistakes, rather it's much better if you learn from others mistake so you won't have to go through the same hardship and troubles they've overcome. You can always know better once you learned from other processes. Additionally, sometimes temptations aren't meant to be run away from, rather should be eliminated so you can have a good course in life. If you can't resist it, remove yourself from it. Go for hiatus for a while or totally quit if you really think you'll just end up being drawn to it. Although it's pretty much difficult to totally quit as well. It take courage and determination. |
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Yes, of course it will be difficult for yourself if you cheat because there is no benefit in doing that because the casino system will detect the cheating that we do even though in the beginning they let us play and gamble, many cases are caught for cheating so that's why never try to cheat to the casino though we can do it.
Nowadays the casino system is so sophisticated that it is easy for them to catch anyone who cheats, because I often see people who make threads about frozen accounts on this forum and then the casino clarify that some of them are trying to cheat the casino, that is why don't you ever try to cheat, it's best to just play as much as you can and enjoy the game then winning and losing is the process we have to accept when gambling. be a responsible gambler.
Indeed. You're just giving yourself a headache the moment you decide to cheat on a casino. There's nothing the system doesn't detect. If you value your account, your funds, and gambling as entertainment or as sideline, then don't do anything illegal that might flag your account doing fraud or what. It will just come and backfire to you if ever, so it's better to always play fair and not do anything stupid just because of thinking about easy and quick money. There's no such thing to begin with. Casinos will eventually find the bug you are taking advantage of and then get rid of you by suspending or permanently banning the account you use, your device, or your identity specifically. |
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Yes.. this is where we need to distinguish between the types of games in gambling, which are luck-based gambling games and which are gambling games that require the use of skills and knowledge. Don't let us spend time analyzing the game and deepen our abilities even though the game is based on luck and vice versa we carelessly make bets even though the gambling game must be analyzed first to get the win.
Well honestly I totally agree with you. A gambler must be able to see what he will bet on, and for sports betting itself it does not 100% require luck but on the other hand we also create luck that comes by doing some analysis first about one of the clubs we choose to then bet on it, with this they will be able to increase their chances of winning. And then for other gambling such as slot machines or other similar it really requires pure luck in it, whatever you do like doing it with some strategies or patterns that you have honestly in my opinion it will not have any influence, it will not guarantee your victory in the end, because gambling like that purely relies on luck alone and nothing more than that. So look first about what kind of gambling you are going to do, if you have the opportunity to increase your luck then do it. Everyone wants to play fair but over time when they lose too many times there are several possibilities that will happen; First, they evaluate and improve the quality of play. Second, they decide to leave gambling because they think all of this is futile and provides absolutely no benefits. Third, it can make them fraudulent players so they can benefit from gambling.
That's right, and that's why most of them are stuck there because they often lose a lot and some even do it with some cheating. It's nothing but because it's hard to get lucky in it, and also I think maybe most of them will continue to chase the victory until they are at the worst point in gambling. In my opinion, it seems that few then evaluate to improve their game, when someone is controlled by lust then they will not be able to think normally, only victory will be able to treat it but it is difficult to get. And the choice is two, first they will continue to pursue victory and the second they stop doing it for the reason as you mentioned that they consider all this futile. It's really unfair if they will resort to cheating, but I guess we can no longer control that and that's entirely up to their moral if they will continue to do such to attain their goal to win and bring home the prize, or just don't do it. Sometimes, player just really needs to sort things out like their strategy and timing of bets and plays to improve their chances of winning. It's a combination of assessing their plays and having luck combined. It could work so long as they will be determined to find a way that suits their gameplay. Meanwhile, it's not futile if they decide to just quit because the moment they don't see it as something useful or adding value to their life, it's justifiable. |
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Some gamblers ignore the warning because they are desperate to win bigger money. They make wrong decisions about their gambling which only ends up costing them financially. Greed and inability to control gambling urges are some of the reasons why they gamble with borrowed money, but it is a horrible experience to tell.
I have seen several such cases coming from some of my friends. So far I don't want to tell you much about their gambling habits, but they have reached the stage of make loan for gamble and running away from reality to repay the loan.
It is the desire to win bigger money that triggers them to borrow money so they can continue playing gambling and they can even increase the stakes so they can win bigger wins. But that's just a hope that they don't know can come true or will only be a hope but mostly, they will only add to the number of losses that are getting bigger. And it is true that greed will drive gamblers to spend more money than usual and only because they want to win more money but in the end, they will lose more too. Borrowing money to gamble will not give you more hope of winning. And if they could think about the risks involved, they might think twice or more about borrowing money to gamble. That's why it all boils down to discipline. If you aren't disciplined enough and you don't plan to become one anytime now or in the future, then don't engage in any gambling activities. Gambling requires not only money, but also enough mental capacity and discipline to handle all temptations that might come into your way the moment you start gambling. If you will fall for the urges and temptations everytime, then you are doomed to fall. It's not an easy process to be a responsible and disciplined person, but you have to be willing to in order to have a good gambling experience. Gamblers shouldn't let their desire overtake their rational judgment because it will just cause trouble and headache. Additionally, it's more fun to play without thinking anything that might come at you and bother you in the middle of your game or your peaceful sleep at night knowing that you have no obligations to pay other than the necessities. |
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~snip~
The saving and investment is the best option for the long term.But if you are gambler and having gambling habit,you never stop it at any age.The good gamblers will do gambling with discipline and periodic manner.The gambler use all this two option for their long term profit,the first one is they gamble and store the profit in separate wallet for their future.Saving your profit in terms of cryptocurrency is most important one.Because the holding may double in some years using the cryptocurrency savings.The investment of fifty percentage of the saving is good option.So the saving and investment will handle some of the future loss from the gambling.This allow the gambler to have fun in longer period as compared to unplanned gambler.
Yes, but if you keep gambling for a long time, eventually all your money will be lost in the gambling activities. There's no real savings when you are gambling, you are just winning and losing, and overall losing a bit more, so expected return is negative. If you keep playing and not to look back, then it's true that all of that money is in your hands, even you manage to win, some will return and lose to the house eventually. There's nothing you can do if you are unable to control your greed. Addiction is what really affects your decision making, instead of stopping you, keep trying to win for more. A kind of greed that being developed from time to time of your gambling participations. It's really bad for you if you will be greedy when it comes to gambling. Everything related to money, you must not be so ambitious because you might end up losing rather than winning because of being impulsive and irrational. The moment you become clouded, you'll end up sabotaging your success. You must not cross your limits in gambling because it can potentially bring you harm such as losing all your winning prizes instead of growing it bigger, and even falling into addiction and spiraling into the rock bottom. You must know how to control your urges in playing and betting. You shouldn't let your emotions take over you to avoid having poor decisions and actions. |
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Its seems simple about chance possibility or not make $100 in daily day from casinos, if you have much or bigger fund looks get chance to earn profit but not sure consistency earn $100 every day. Casino gambling platform is more difficult than trading have chance to research but looks gambling is lucky or not for getting jack pot. OP don't push your self with $100 in gambling because always have unpredictable thing happen in gambling and chance loss your fund. Its not recommended get income from gambling because current gambler interested spent their money in casino online he want enjoying their live and spent free time without get target must winning and consistency for earning $100 every day.
I agree with this. There's a huge risk that comes along with betting a high amount. It's not only exclusive for high rewards, but high losses as well. If your funds are not a spare, then don't ever think of risking it because 2000 bucks is such a huge amount if you really need it for something. Follow proper fund allocation to avoid any troubles when it comes to your finances. Remember, it is possible to win a consistent 100 bucks, but it is also likely happen to consistently loss it as well. If you want to have a consistent returns and profit, invest in business or other income generation activities that offer lower risks compared to gambling. |
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It should be the most logical way to do to those big profits achieved in gambling but why it doesn't happen most of the time?
The reason is, that winning experience leads gamblers to think that if that big money can be won in gambling, why should they do a hassle business or investment? Instead of doing such a thing as planning and managing the business, they will instead do gambling and try to chase that winning experience again. That feeling of winning big amount is something gamblers will never forget that's why as much as possible they will pursue it no matter what.
That's the reality of gambling and it really happened to most gamblers.
This makes sense. Most gamblers tend to be so obsessed with playing because they think it makes them money in an efficient way. Not realizing that they could also lost a big chunk of amount the moment they will follow their poor decision making just to chase the winnings they've tasted during the initial stages of their gambling experience. Gambling and investment are two different things. While they can have some similarities at some point, they aren't really much alike. Gambling is for entertainment and having rewards as some sort of bonus points, meanwhile investment is a form of asset that you can benefit from in the future. Hence, it's important to discern which weighs the heavier. If you want to have fun, do it, but do not destroy the future you have ahead because of it. You can always do what makes you happy without sacrificing your future. Gambling and investment can both be done too with proper financial management so you won't have to pick only one. |
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We scout out solid measures to quit gambling, specifically pointing to the addicts, they do suffered alot and have lost enormous amounts of money in this process. There's numerous measures that would stop gambling addiction, perhaps it begins from ourselves and decisions. We might want to stop but deep down, we still have the determination to gamble which will be absolutely impossible for us to quit. Gambling is not an easy activity to anticipate in, rather we should stick to the plan of making good sources of incomes, other than settling for gambling which is unreliable and risky.
It’s very hard to pin point anyone with an online gambling addiction because you don’t see them playing physically and most of them doesn’t share their experiences even with partners and closest friends if they are losing huge amount since this is shameful. And it’s very hard to to give an advice for an online gambling addict to stop because online gambling is very accessible. Yeah sure, it’s easy to tell them to self control or whatever advice but it’s very hard to implement in actual because gambling games is so addictive. They will not fall on addiction state if self control is easy to achieve. I will leave this part to professionals on how to solve this kind of issue. But reminding those people can somehow help them to limit their bad gambling habits. If there are people who are constantly checking up on you, some might feel motivated to do better. It's not really a hopeless case even if someone is addicted on online gambling, as long as they are willing and determined to change, nothing is impossible. The only time it will become impossible to overcome is when they've disregard the concerns given to them and become impulsive and irrational anyways. People can be greedy and this sadly causes most of their downfalls. Being too independent too because of having the "i can do it all alone" idea in their minds. It's not bad to be helped, be guided, and supported after all. Gambling addiction can be solved by right intervention, willingness, and having the strong support system. |
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I'm not addicted to gambling because I don't gamble often, maybe I only play 3-4 times a month, and when I gamble, my wife knows it, she also knows that the amount I gamble is in the amount of Only 30$ will not exceed that.
When I run out and lose, I stop immediately, and when I experience luck and at the same time I suddenly win what I'm doing, I stop immediately and I withdraw what I won and I only have 30$ left over I'll try again next time I gamble. So I don't hide or keep a secret when I do gamble.
It's good that you managed to build this gambling habit and attitude. It's important that you hide no secrets from your wife because she's your partner for life after all. It isn't so sweet and nice if there will be a barrier between you two because that's not how marriage works. The moment you purposely didn't disclose something is the time trust can go away in a snap. Of course this excludes a few extra things such as surprise and the likes. When it comes to finances, couples should have open communication because it is one of the leading causes of misunderstandings and fights. If you won't discuss how you will handle the finances in your household, you are waiting for a ticking bomb of resentment and disappointments from each other. Hence, it's important to discuss it as early as possible and during your entirety of marriage. The fund allocation for necessities and luxuries should be laid out. Pool of funds for the household and kid's need, then own budget for both of your hobbies and luxurious activities as well as for your own pampering for relaxation and stress reliever. |
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That's the worse thing to happen, committing suicide as a result of having that kind of addiction and nothing left, but a ruined life and relationship with people who care about you before.
Either you become a criminal or taking your own life to escape with the burden of getting addicted,
things that madness can take you if you engage too much with gambling.
This is why it's very important to know your limitations when it comes to gambling. If you don't set it from the very beginning, you are doomed to fail in the end. You should have a game plan even before entering the industry since it's a risky one. One must not just entrust his fate with the flow because once you got swayed by your feelings and your ambitions, you'll likely to chase the winnings and the prizes that come along with it just to satisfy your desire to aim more and more. Then once you get accustomed to the process and the routine, you'll eventually get lost into it because of dependency or craving. Which could lead to unsupervised money spending and excessive time allotment that could cause more trouble to you and later on will force you to resort on things you wouldn't actually want to do. |
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