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241  Economy / Gambling discussion / Re: Do you have a habit of tracking your gambling progress? on: April 13, 2024, 10:43:26 PM
In many gambling related topics I have seen such advice as "use as many money on gambling, as much you can allow to lose". For me this is the most important indicator. I dont understand why should I bother keeping records of my gambling sessions, tracking progress, filling tables with bets data, when I make a decision that today I can spend X on gambling, and I go and gamble?

Not everyone is meticulous and not everyone has the same level of worry, and with the idea of tracking progress along with keeping track of bets I think it's a bit of a hassle, although it's basically for the good of prevention, but if you feel that gambling is not an activity that should be prioritized then I don't think you need to do that, because consciously or unconsciously you will only put the amount that you can afford to lose.

So maybe this kind of action is more recommended for those gamblers who always go overboard in treating their gambling activities for some reason, such as wanting a large amount of winnings, but are we sure that they will be able to do the recording as a benchmark so as not to overdo it? I don't think so, they will not do something that is contrary or that can hinder their intentions and goals even though their intentions and goals are basically harmful to themselves.
242  Economy / Gambling discussion / Re: How can we help beginners not to get addicted on: April 13, 2024, 10:14:06 PM

Maybe the only thing we can do as a community in this field of the platform is to remind people of the pros and cons of gambling. Because, at the end of the day, they are still responsible for their gambling decisions.

It's not bad to gamble as long as we don't let ourselves be damaged and our family suffer just because we let ourselves become addicted to gambling. As much as possible, let's not let greed control us in our person.
Gambling as we all know are only meant to be practiced by adults and that's why it's very important to notify anyone who wants to engage in gambling about the risks in gambling as well as the effects of getting addicted in it because at the end, they'll make their own gambling decisions which nobody will have any power over them. No body told me about the effects of gambling addiction before I started gambling and that resulted to becoming a gambling addict that I really suffered so many losses before I got rid of the addiction. You made mention of creating a community for awareness and educating newbies about the effects of gambling addiction and how to avoid them. I don't think we'll have such community on this forum and that's why newbies are directed to come thread and topics like this to learn

Addiction is indeed the worst situation in gambling and people who end up in this situation will certainly experience a lot of pressure, tension and significant adverse effects, telling anyone about the adverse effects of gambling is indeed a good action, but however there are always some gamblers who are not known by others, or that means there are always some people who gamble without telling anyone that they are involved in gambling.

So this is our barrier which is how can we tell them and direct them to some good and right actions or approaches for safety if for example they never tell us that they are involved in gambling, that action does help but we cannot reach everyone to advise them, so that's actually everything back to each individual.
243  Economy / Gambling discussion / Re: The madness of gambling addicts. on: April 13, 2024, 09:39:38 PM
Well, they aren't called addicts for nothing. If there's no money to gamble and there's an urge to their mind, for sure they'll gonna take the risks just to satisfy their wants. Do you think it's psychological or an emotional need that gambling addicts tend to do this risks?
This is exactly how nasty some addicts are . Some can even go out of their way to do worse taking huge loans just for some mindless staking without even having a guarantee of how they could possibly get some money to offset the loan. This is the reason why at the end of the day , most of these addicts end up bankrupt some even at the brink of becoming homeless. If as a gambler you are not able to control yourself and manage time and money spent on gambling stakes and activities then you are either not mature enough to gamble or you too irresponsible. One of the major reasons gambling is 18+ plus is based on the capacity to make mature decisions.

Basically, if someone has entered the addiction phase in their gambling involvement then obviously don't be surprised if for example you hear that they do everything or even justify any means just to get money to finance their gambling activities, and I think taking out a loan is a normal thing that has always been used as an alternative by gamblers to finance their gambling activities, they take out loans without thinking about anything, or that is, without considering anything, which usually occurs when they are dominated by emotions due to losing.

There are quite a lot of gambling addicts who end up experiencing a lot of problems in their lives, such as being in debt or losing all the valuables they own, including their house or land. On the other hand, yes, I understand that one of the reasons why gambling is allowed only for those who are over 18 years old is because they have entered the maturity phase where they can think and consider everything carefully, but what we also have to understand is that not everyone is. adults have an income in their lives while on the other hand you need money to remain involved in gambling, which means of course there is still a big possibility for them to commit many unexpected acts or criminal acts to finance their gambling activities regardless of whether they are over 18 years old or under 18 years old.
244  Economy / Gambling discussion / Re: Making decisions while betting on: April 13, 2024, 09:18:09 PM
Easier to be said than done. But you know what, what you have said about how easy it is to have this self-control or anything about controlling one's emotion, it is not something you can easily do if you are really in that situation. That's more of the reason why we see a lot of people going out of the casino having a huge debt or completely zeroing their accounts due to being unable to control their emotions. It's one of the hardest things to do when it comes to gambling. Unless you are an experienced gambler who already has a realization and knows what needs to be done in that kind of situation.
Since this is the case, gamblers need to take some steps to protect their money in the case they were to lose control over their emotions while gambling, steps that are relatively easy to implement, like not having your main wallet on the same device in which you gamble, or self-excluding after some bad sessions can be enough to protect your capital.

But many gamblers often assume this will never happen to them, and as such they take no steps to save themselves in the case it did, and that is how we end up hearing about those horror stories of gamblers that lost the money they saved for years in just a couple of hours.

Well I agree with your idea which is one that my friend always suggests to me and to some other friends who are gamblers, which is to eliminate or delete something that can be used as an alternative when we experience emotions due to defeat, as I did which is where I deleted the Mbanking application on my smart phone, which when I lost the bet then I had no way to make a deposit back to a casino site where I lost.

Over time my emotions subsided, and I will say that this was a pretty effective idea that led to a preventative measure. But yes maybe there are only some gamblers who really think about precautions like this, because what I hear is that most of them are too busy looking for ways that still can't guarantee victory to come, however precautions should not be ignored and instead should be prioritized, this is gambling which has a very high level of risk that can lose all your money in an instant.
245  Economy / Trading Discussion / Re: How to handle emotions when you lose during trading. on: April 13, 2024, 08:49:50 PM
This is a very vibrant point and has a beginner you should learn what you are going into don't just dive into something because you feel your friends are making money from it take your time and build your self get a strategy backtest it and make your self perfect in it and you should also know that trading is not a get rich quick scheme definitely with time you will make something out of it trading is not gambling stay safe out there

Well stop the mindset or something that is FOMO because most likely it will only lead yourself to a lot of problems, and I think it is not uncommon for people to end up failing along with experiencing a lot of losses because they come with only one focus on one point, namely the opportunity to get profits, like you said where they feel like they want to get the same benefits as those achieved by others or including some of their friends who have come first.

 Basically, in any case, if you only look at one side of the equation such as the positive aspect of profit, then I think it is likely that you will ignore some other aspects that are no less important such as risk management. Trading that makes a profit is when you are able to balance between ways to make the following with ways to minimize the possibility of excessive risk, as you said that trading is not a get rich quick scheme, I understand that there are some people who have managed to achieve wealth in the world of trading but you also have to understand that success is not easy to get, not as easy as saying and not as easy as turning your palm.
246  Economy / Trading Discussion / Re: Does trading belongs to everyone? on: April 13, 2024, 08:26:05 PM

I think whether or not this profession is suitable depends on how they respond to the world of trading, it's not just about making a profit, I understand this is the main goal but if for example you see all the lessons in the world of trading or anything related to trading as fun for you then believe me you will not feel too pressured by all the difficulties that can cause tension and you will also not mind working hard to achieve success.
Indeed, but for those who didn't feel it to be fun I think that would become their burden in the future. Emotions is hard to fight in so many ways, and not every individuals are strong enough to battle stress when they saw trading volatility affects every market movement. Personally, I have undergone several challenges during the peak season of my coins and when I saw them all declining during bearish period? Tremendously my emotions resulted to negative effects in the long run.

It's not always about the fun aspect of learning, there are only some people who have a high interest in learning about any field including trading and others may be those who are normal in learning about trading. Everything can become a burden if you are not able to continue, and isn't there no compulsion at all? Of course, everyone comes to their own decision which means that if at any time you are not strong with everything you face, especially the difficulty in learning and accepting the fact of loss then of course you can stop as soon as possible, the decision is yours. On the other hand there are some people who are discouraged from continuing their journey just because they are experiencing some tension and pressure especially caused by losses, and in the end only people who have strong intentions and determination along with those who never give up and always fight hard to achieve success, this may be the reason why some people fail and some people succeed, in any case.

247  Economy / Economics / Re: Irresponsible spenders consumes their retirement resources and losses values. on: April 13, 2024, 08:00:58 PM
If someone can manage their spending and savings of course it will be very easy for them to be able to have investments that they can run well, when someone chooses to save and restrain themselves from spending their money of course this is very stupid because they have taken the trouble they suck at making money and they don't enjoy it themselves.

Preparing for emergency needs is of course very important to be able to meet these needs because we ourselves never know when we will need these needs and if we don't have savings that we can use of course it will be very difficult to meet these needs and avoid bank loans for things that It's not necessary, of course it's very good because if we have a bank loan, of course this will make it very difficult for us to pay it off if we don't have income that we can use to pay it.
Indeed, having an emergency fund is very important nowadays because we really don't know what will going to happen in the near future, just like when pandemic strikes us, some people aren't prepared because they are all complacent on what they currently have, without preparing theirselves, so in the end, majority runs out their savings and some of their investment has been sold due to emergency needs.

Of course in any case saving to be used as an emergency fund is an action that must be considered because it does have very important benefits to help overcome some of the problems that come unexpectedly, as you said which a few years ago we were faced with a pandemic situation, there are some people who have a very concerning life because they have never thought of saving before, but there are also some people who remain in a fairly safe situation because they have a habit of saving from far - far away which in the end the good habit really provides significant benefits to help maintain survival.

However, having a long term mindset is a good way to think, because with this, it is more likely that you will prioritize preventive measures such as having a habit of saving money to overcome some problems that come unexpectedly.
248  Economy / Economics / Re: If being a graduate is the key to being wealthy, why are there poor graduates? on: April 13, 2024, 07:39:36 PM

Education cannot guarantee that someone will be successful in living their life, because some of those who have completed their education do not necessarily have the knowledge they have gained at school that they can apply in their lives, so it is difficult for them to have a job after completing their education, indeed It's true that education is only the first stage for everyone to be able to live their life without experiencing difficulties in finding work, but there are some people who don't have a school education but they can still be successful in their lives with the experience they have that can give them an income.
Continuing to try to be better than yesterday, of course this will lead us to achieve the success we are targeting and we also have to be able to see every opportunity that exists and be able to take advantage of it in order to achieve success.

exactly! not everyone who finished school learned something in school, others were forced to graduate. having a diploma is a big advantage in career growth, it's up to the person how they carry themselves once they have finished their studies. We can't recommend to others not to continue studying just because you can still get rich even without a degree as long as you have a strategy in life, education is also important so that other people don't underestimate you, especially most of the people today are looking at the state of life and what you have completed in school.

This means that a diploma is just a sign that someone has been to school but not a sign that someone has thought! And I will say that a diploma is something that can help you in terms of finding a job but sometimes a diploma is very likely to be useless when you can't think at all while you are in school, or in the sense that you don't really study so in the end you only get a diploma but do not get the knowledge or skills that are taught in school. This is why there are always people who are educated but they are unemployed, it is because they only have a diploma but do not have the skills needed by every company they apply to, but for the problem of building a personal business it is another thing.

Basically we cannot underestimate education because after all education is something important for everyone where education can give you a lot of knowledge and insight (if you study properly), but on the other hand is education not a guarantee of success? of course, education is only a complement or something that can give you knowledge, knowledge and insight, but everything returns to yourself, because success will only be achieved if you take a lot of action, but if for example you only dream without being accompanied by effort and hard work then no matter how high your education in the end it will be useless and will only become ashes.
249  Economy / Gambling discussion / Re: Where is the fun when you lose your money? on: April 13, 2024, 07:19:30 PM
Gambling should never be taken as fun, when you gamble with your hard-earned money, you should definitely think about winning the most.
it is not the gamble that we should regard as enjoyable. but the games we play are supposed to be fun for us. If you are not ready to lose or lose your money in gambling, you should not gamble. Focusing on winning and pursuing as many wins as possible will only make you worse off if the situation is not as you expected.
If gambling is not something fun, it is unlikely that gamblers will keep coming even though they suffer more losses.

I also think the same, because no one likes to lose their money, and when that happens, be careful because it means that you have to take inappropriate financing measures to obtain a good economy, many times there are people who have savings and they put everything into it. in gambling, that is something that should not be done , it is something that does not make sense, so in the face of these things we must consider that every time we go to the casino, we must allocate a part of our money only for the casino, where it does not matter if that money is lost, if that money is lost you should not regret anything, normally the money I spend is the money equivalent to going to buy ice cream or going to the movies, something like that is what I spend, it is not much, because it is not responsible allocate the money there is to the market or to pay for services, because that would be totally irresponsible and nothing can be done about it.

In my opinion, of course, it is only by having a correct understanding of gambling that will lead them to the recommended mindset and perspective in terms of addressing gambling that will ultimately lead them to the best approach that will indeed keep them in a safe and secure zone or situation in the long run. This is the key, because by having the right understanding, there will be a sense of worry about losing money that makes you ultimately prefer to prioritize preventive measures rather than being too serious in pursuing victory which is full of uncertainty in gambling.

Putting the amount of budget in accordance with the ability based on many considerations is one of the approaches that you will prioritize when you want to gamble if for example you have a correct understanding of the basic concepts of gambling. Overall, it means that anyone, especially those who are too serious in terms of responding and responding to winning, must change their perspective on gambling again, because obviously this mindset will only harm themselves, and I understand that it is difficult but there is no other way if you want to be safe and avoid the adverse effects of gambling in the long run.
250  Economy / Gambling discussion / Re: Never gamble in front of your kids. on: April 13, 2024, 07:01:09 PM
Overall, yes, it's true that children have a fairly high sense of curiosity, where they are always interested in trying things they haven't tried or things that interest them, but in fact, for example, if you gamble in front of them anywhere via your smartphone in an online casino, if for example you don't show any body movements that can attract their attention then I think they won't be curious about what you are doing, unless for example you are gambling by showing expressions that can attract attention as well as increasing the volume of a betting game being played. while you are playing, it is clear that a child will definitely come up to you and ask what you are actually doing.

Another thing is that in my opinion it is also unlikely for a child to immediately conclude that you are "gambling", because usually they don't have much knowledge, especially about gambling, but yes, if we are talking about preventive measures then it is clearly better never to gamble in in front of your children because the possibility of something bad could happen, the fear is that they will try to find a casino site on the internet according to what they see from the games you play.
Kids are smart, way smarter than we give them credit for. They watch us, they learn from us. Its how they make sense of the world. When we gamble around them, even if we try to be sneaky, they see it. And that sends a message, whether we mean to or not. It tells them gambling's normal, okay, just another fun thing grown-ups do.

Now, some say, "They dont get it anyway, whats the harm?" Wrong. Kids are always figuring things out, and normalizing gambling just sets a bad foundation. Its not just about them fiddling with a slot machine - its about the mindset we create. Do we want kids thinking luck and chance are the way to get ahead, rather than hard work?

Protecting kids isnt just about shielding them, its about showing them the right way. We gamble, they might follow along later. Thats on us. Lets be smart, responsible. Adult stuff stays in the adult world, period.

Yes, a child always easily absorbs whatever they see, sometimes they learn something they see without us realizing it, which is where we find that they already have the ability to do something, therefore this is why parents must always direct a child, because what is The fear is that they will learn something wrong or bad which could have a negative impact on their health or mental health and thoughts. On the other hand, yes, what you say is true, small children may think that whatever we do is normal and permissible, including gambling, but yes, not all children will realize or know that we are gambling.

Even though basically a child doesn't know anything about gambling which makes you think and assume that there is nothing wrong with gambling, it is clear that the damage will not happen immediately, it needs development and without knowing behind the scenes a child is trying to find something which makes them curious about what you do.

As I said above, a child must always be guided, because they will find a lot of positive or negative things that they see in the environment they are in, whether it is in terms of bad or good behavior that they see from the people around them. surroundings (other than parents) or other things, where it is clear that parents are responsible for filtering their vision and directing them to the right mindset and perspective.
251  Economy / Gambling discussion / Re: Health Benefits of Gambling on: April 12, 2024, 09:55:20 PM
Everything in life has a positive and negative part, but what needs to be considered is that gambling has a more negative effect on health than the positive. That is why many still see that gambling has no health benefits, but it can still have, Gambling can reduce stress, of course, but it can also cause depression. Why I said gambling can reduce stress is because when you win a bet, all your stress will be gone and your mind will be at rest, but when you lose, you won't be happy and you will be more depressed. This is why many will still think that gambling has no use for their health, but it can still have some use, some use, but not for all gamblers because there are many who, even with the win, won't be happy due to the amount of money they have already lost before the win.
When someone gambles excessively of course they will have a bad impact on themselves, especially in terms of finances because it is very difficult to be able to win gambling continuously and we will suffer a lot of losses due to losing the bets we play, those who can win gambling will certainly be able to enjoy the victory and for those who cannot win, of course this will make them have a burden on their minds which will have an impact on their health, for some people who have lost a lot in the gambling they play, of course they will never think about it again and only the victory obtained can they enjoy.

Of course it is true that treating gambling in an excessive way or approach will basically only lead or lead you to a worse situation, I understand that money is everything you most likely what motivates them is a big win so they go overboard, but what we have to understand is that you have to be aware of where you are, this is gambling where isn't winning nothing more than a chance? Of course, while losing is a sure thing when you don't win....

The chance of winning and the risk of losing applies to all gamblers, so with this if for example you manage to win then don't get too happy first because it is very possible for you to lose in the next few sessions, and this is the reason why we are more advised to gamble moderately and reasonably according to your finances, simply put you should only put money with the amount you can afford to be responsible if you lose, and this approach will be useful to minimize your emotions when losing. There is no health benefit in gambling because everyone has the same possibility of losing, and health is possible when you only view gambling as nothing more than an entertainment activity without taking it seriously and expecting to win.
252  Economy / Gambling discussion / Re: The madness of gambling addicts. on: April 12, 2024, 09:19:07 PM

Oh, if it were like this! If it were like you said, I would wholeheartedly support placing slot machines and some other gambling facilities in the poor neighborhoods. But unfortunately  if you are uneducated, more often than not, it's never enough for you to win couple of dollars. You want to win really a lot, thinking that big money can bring you happiness, and thus you risk a lot, and often you lose it. Maybe it wouldn't look like a big amount for a rich person, but for you it's all you have.

It’s great to think about providing entertainment options like gambling in poorer neighborhoods as a way to offer equal recreational opportunities. Gambling can indeed be thrilling and serve as a leisure activity when managed responsibly. However, it’s also crucial to ensure that such facilities don’t lead to financial distress for individuals who might already be vulnerable. Striking a balance by implementing safeguards, like betting limits and financial education, can help ensure that gambling remains a source of fun without becoming a financial burden. This way, we can maintain the positive aspects of gambling as entertainment while protecting those most at risk.

Although I quite agree with your idea of taking some precautions for the sake of safety and also to help people experience the positive benefits of gambling which is fun but I think overall providing gambling entertainment to the poor or anyone else is too risky an idea, the logic is that if there are enough other forms of entertainment that can be chosen to be provided then why should it be gambling? I'm sure we all know about the worst risks involved in gambling, therefore it is not the right idea to provide entertainment that is full of risks to others.

What concerns me is the concern that if they don't follow through on some of the things that lead to prevention that the end result can be very fatal which is very possible for them to become addicted because in gambling the aspect of entertainment and fun can turn into stress and tension which can change a person's mind, so basically providing a form of entertainment such as gambling to others is like you are taking someone to the edge of the cliff.
253  Economy / Gambling discussion / Re: Have you ever done something crazy to bet? on: April 12, 2024, 09:00:18 PM

Timing does matter. If you look at the example I gave, you will see how it matters. If you gamble immediately after a loss, thinking that the ticket is independent of the other then you may end in a big loss because even if the ticket is independent, it’s still the same person, and that person will carry the emotions to bet the new ticket.
In everything a person those, your emotions towards that particular thing matters alot and includes trading and even gambling ( esp. gambling). You emotions affects how make decisions concerning your bet. This is why it is advisable that people learn how to manage their emotions before walking into the casino to gamble in order to avoid unnecessary losses.

Yes in any case emotions have a very big influence that can affect a decision making, and especially if you apply emotions to gambling involvement which as we know that the main requirement to engage in gambling is that you must have money which means that when you experience emotions due to defeat for example then it is very possible for you to make decisions that are beyond your abilities such as betting with larger amounts based on desperation and emotions which in the end it is clear that usually actions like this will only lead someone to a much worse situation, such as losing a larger amount of money.

That's right, as you said that this is the reason why all gamblers are advised to have good control and self-control, none other than it will be useful to reduce emotions especially when you lose, minimizing emotions is not to prevent you from losing but rather useful to prevent the amount of defeat that is too significant due to careless decision making.
254  Economy / Gambling discussion / Re: The shocking rate of women interested in gambling. on: April 12, 2024, 08:43:23 PM
(...) However in recent times we're beginning to see more gamblers who are woman emerge (...)

Is it based only on your own observation or do you have any data source for this?
I suspect this is true, but I'm curious on what the actual female participation % figure is.

There could be a few reasons for that. Women are more risk averse in general, but, at the same time, are keen to participate in activities that are considered socially acceptable. So when gambling became more popular, i.e. due to mobile apps etc, more women have decided to give it a try.

Although it is possible for women to get involved in gambling but I am not sure that the number exceeds the percentage of male gamblers, and I understand that gambling is genderless which means that men or women have the same opportunity to be interested in gambling, But as we know that in general, women tend to prefer management and maybe we also know that in household relationships it is usually women who always share the financial allocations made by their husbands to meet all the needs of life, which means that usually women tend to prefer to allocate money for more important things than taking risks for something that is nothing more than a possibility like winning. As I said above although it's not impossible for women to get involved in gambling, I think the numbers are always higher for men.
255  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: April 12, 2024, 07:58:34 PM
IMHO Bayern Munich are actually playing quite well this season. They also succeeded in bringing in Kane. This season Munich has everything to win the Bundesliga. I think Bayern Munich didn't expect that Leverkusen could surprise them and that Xabi would be able to reveal their weaknesses. As far as I remember, Munich played badly after losing surprisingly to Frankfurt. After that, it seemed like other teams tried to expose Munich's weaknesses and the result was that Munich lost and drew against the lower teams. There seems to be something wrong with Munich's tactics this season. It doesn't look like Tuchel has many variables in his tactics.
If we look at Bayern Munich's weaknesses this season, it tends to be more tactical, which is quite reasonable to blame. Because when it comes to Bayern Munich's players themselves, I see that the team has the best players this season and also a coach who has experience. But somehow they were able to lose like that with the tactics they used this season so many people started to be surprised when Bayern Munich couldn't catch points from Bayer Leverkusen who have consistently won this season.

Yup, I also think in that direction, or that means Bayern Munich uses tactics that are not really needed on the field, maybe the movements are too easy to predict by the opponent and besides this they also have problems in terms of mentality on the field so this really disrupts their concentration to be able to be compact and perform optimally. Yes, logically when talking about players, it is clear that Bayern Munich has good players, one of which is Harry Kane, whose abilities have been tested, and I think everyone feels the same way where we all feel surprised by the decline in Bayern Munich's appearance as a team that can always control the trophy at the end of the season, but on the other hand we also cannot rule out the fact that this is football where any team can experience changes to become worse or surprising as we saw from Leverkusen.
256  Economy / Gambling discussion / Re: Making decisions while betting on: April 12, 2024, 07:38:46 PM
Regulating emotions while betting is crucial to avoid impulsive decisions and potential financial losses. It's important because strong emotions can cloud judgment, leading to choices not based on logic or strategy. Techniques such as setting clear limits, taking breaks, and practicing mindfulness can help maintain emotional control. This emotional regulation ensures that betting remains a form of entertainment rather than a harmful habit.
The right decision will always give positive results on the bets we place and will provide a win that benefits us, but we need to remember that to make the right decision of course we must be able to manage patience and also greed in placing bets because without patience of course It's just very difficult to control emotions when betting and it won't give good results from the bets we place.
Setting clear boundaries and not betting continuously will of course really help us in controlling our emotions because when we bet continuously of course we will place bets greedily and this is very difficult for us to enjoy betting.

Actually in gambling no matter how good you are in terms of doing everything that you believe can bring victory still in the end the possibility of losing is still a sure thing, so with this you cannot directly assume that good decisions will be able to achieve positive results, and I'm sure if in the end it turns out that you lost with that decision then wouldn't you say that it was not a good decision? Cheesy A good and correct decision is when it leads to preventive action and not to the goal of winning, remember this is a gambling that has no certainty where the possibility of losing will always lurk and at any time you can lose even if you are basically expecting to win.

For the other things you mentioned above yes I agree that emotional control, patience and setting limits are important aspects that all gamblers must have, and remember that some of these actions are not to increase the chances of winning but to minimize the possibility of significant losses, I'm not saying that you won't lose but by having the ability to control your emotions then at least you won't experience too much bigger losses.
257  Economy / Trading Discussion / Re: How to handle emotions when you lose during trading. on: April 12, 2024, 07:16:43 PM
Everything you say here is correct, and the number 4 is the best thing that all the traders in this field of crypto trading can do, in fact, so that we can do the trading activity we are
doing in the field correctly. This is actually true. And it's good to make it a habit too.

Because if we can't manage trading correctly, our emotions will swallow us up and put us in a state of lack of control over ourselves, which can lead to bad results in the end.
Besides, it is hard to be good when you are already stressed about thinking about your losses. It was hard to accept defeat when we already assumed that we gonna earn some profit. And much more difficult to control our emotions when we don't calm ourselves. Indeed, controlling our emotions is very important in trading as this will trigger the worst-case scenario. Losing control of our emotions has no good results but instead, this could be the reason for more losses and failures. So instead of chasing our losses, I think taking time to pause and relax will help to calm our minds.  And find out what wrong we've been doing and find solutions to it.

I will say one of the things that makes you feel too emotional and disappointed when it turns out that the session ends with a loss, excessive disappointment is because you put too much hope in profit, I understand that profit is our main goal but what we must understand is that there is no strategy that 100% guarantees profit, because when you are too excessive in terms of putting hope in profit then besides you will feel more disappointed on the other hand what I am worried about is that there is a possibility for you to continue the session full of despair and make decisions not based on common sense and science but with emotions that dominate.

As you said above that this is the importance of a trader to have self-control and emotions, because control is the most important aspect that all traders must have in themselves, because of course there are enough bankruptcy scenarios due to the influence of emotions, which in the end you experience MC, because emotions can make someone continue the session without planning the limit to stop.
258  Economy / Trading Discussion / Re: Does trading belongs to everyone? on: April 12, 2024, 06:18:34 PM
There's different ways that we wanted to choose for, trading couldn't be done in an easy ways to learn. We need to test the depth of a river, it made me remember to that saying. In reality it's more like a trial and error, so if you fail into something with trading I guess that would be a biggest challenge in life.
Well if trading is really for you, then we should work hard for it and learn something interesting to reach success.
There's no easy money in the first place, that's why learning should be in a process and not done in a rush strategy.

I think we all agree that trading is difficult but actually trading is for everyone, this profession does not depend on your background, no matter who you are. Trading is for everyone but maybe what distinguishes it is that not everyone has the same mentality in undergoing the process of difficulty and this is what distinguishes why some people succeed and some people fail, the question is if for example there are people who succeed then why did you fail? actually a lot of reasons for this question which usually they say something that leads to self-defense, but it doesn't matter because there is absolutely no compulsion to always survive.

I think whether or not this profession is suitable depends on how they respond to the world of trading, it's not just about making a profit, I understand this is the main goal but if for example you see all the lessons in the world of trading or anything related to trading as fun for you then believe me you will not feel too pressured by all the difficulties that can cause tension and you will also not mind working hard to achieve success.
259  Economy / Trading Discussion / Re: advice for a beginner on: April 12, 2024, 05:57:36 PM
Beginner think trading is easy because they see alot of people claiming to be successful at trading. Trading can be easy or hard for you depending on how you start trading. If you started by learning how to trade very well from a mentor or a good teacher online, you would not find trading to be hard and you can make money but when you what to learn through shortcuts because you are looking for fast ways to make money  therefore depending on trending signals, you would not understand what you have to do to know how to trade well and it will make you to be making different mistakes when you are doing your analysis of the market and be getting a wrong signals. Beginners do have to be ready to sacrifice sometimes to learn how to trade before they can start making money.
Every beginner who thinks that trading is something that can be done easily, of course they have misunderstood the knowledge about trading. The most important thing for everyone who has just gotten to know trading is that they must be able to learn about trading and also learn from experts or various sources that they can. believe that you can trade and make a profit.

When someone uses shortcuts in learning trading and also using trading signals of course they have to choose correctly the signals they will follow lest they experience a lot of losses in the trading they do and also every beginner will certainly experience failure on their first try and they must take this as a lesson and must be able to improve it in order to enjoy the profits from the trading they do.

Of course that is the wrong mindset and assumption in addressing the world of trading, nothing is easy and in fact some people who really understand about the concept of trading as a whole they say that this is a very difficult activity to be able to make a profit, but even though it is difficult does not mean it is impossible that in the end you have the same chances as others to be able to achieve success in this field. The key is to have the right understanding and have a strong intention and determination to learn by studying everything from any source related to the world of trading.

Someone who prefers shortcuts in the world of trading of course they must be a typical trader who wants to get instant results, no success is achieved instantly and all because they do not want to go through all the difficult processes on the way while all the people who are now achieving their success are born from someone who wants to learn and work hard. I understand that trading signals can help you make instant profits, but you will not gain knowledge from experience just like you will not know what makes you lose. Signals are an intermediary for instant profits, but they will never give you the knowledge to grow or become a better trader because there is no experience to learn when you follow signals or other people's methods. Success will come after failure while no amount of failure will change you into a better and more experienced trader if you don't want to process because you always want something instant like following trading signals.
260  Economy / Economics / Re: Irresponsible spenders consumes their retirement resources and losses values. on: April 12, 2024, 05:37:01 PM
Some people feel that feel that life needs to be enjoyed once you are life, so investment looks like a trash to this kind of persons, there are different set of persons, people with wasteful life and people with cautious spending habit, it is normal for this art of persons to exist, most times people that are not reckless in spending are seen as stingy people no matter what they do they are not regarded as liberal people but their is something that's sure that I know, spending should be minimized by man who really wants to invest for the future, for one to be rich or prosperous in life there should be plan on ground for such modest or materialize, making investment part of you will help you to know that the future exist in the reality, though I didn't say that we shouldn't eat or buy things that we like rather am of the opinion that money should be spent meaningfully.

There must be balance between your spending and savings. There are people who only used to save money and make there life miserable by not spending on themselves. Life is full of ups and downs, so one must has adequate savings to deal with any emergency like health issues. To avoid going for bank loans or using credit card it's advisable to use your own savings. Those who only enjoy life and have zero savings have a terrible ending.

Yes it is true that balance must remain a priority, saving is good but make sure to prioritize your life, or that means when you get an income then it is better to prioritize your basic needs first and if for example there is money left over then yes you can allocate it to savings as one of the measures for prevention when an urgent unexpected situation comes. However, thinking long and wisely is the solution in terms of financial management, because being rational and wise will make you make decisions that are right and in accordance with the conditions.

But sometimes there are always some people who do not think about their future or have no worries about anything that will happen in the future such as some unexpected events that force you to spend some money to overcome the problem, they are usually more concerned with momentary pleasures such as spending all the money they have for something that is actually not very important which in the end they are trapped in debt when unexpected events come.
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