Traders or Gamblers? Most of Us Don’t Know Which One We Are

[rachael9385]

Misconceptions and the hearsay that they've heard about the business/investment, so instead of taking time to learn things they just push their ways and start their journey, most of those who lean with luck ended up losing a lot, and the experienced that they've got push them away to this venue, it's very important to know the basic and along the way start improving yourself in terms of this investment.

You are correct in that there are a lot of people that go into trading without approaching it as a skill based pursuit. They use chance and feel, rather than adequate enlightenment and plans, which make it gambling. Trading is about discipline, patience and a constant process of learning yet most ignore the step by step doing and run out of money.

Well said, that first mistake you might make as a beginner trader is thinking that trading is based on chance and luck like gambling , approaching trading with such mindset alone can be very damaging. Trading is a skill and there are certain informations that can be used to ensure that every decision you make is precise and not based on trying to get lucky. For you to gain profit from it you need to know what you are doing

[Frankolala]

When you don't have a trading strategy and plan in place then it means you are just gambling in the market because you don't even know what the market/price is doing, and because you don't have a system you follow, but when you have a system and understand what the price is doing you you don't trade a like a gambler or panic out when you see a retracing price and when see those things.

Of course, I understand what the OP mean. You will be shocked that majority of newbies coming onboard the cryptospace are jumping into trading as if it's one easy thing to make profit from. Such people are only gambling and not trading because trading is very complex and needs a lot of time to learn and master it. This is why I do tell anyone trading to quit trading if he is not making profit because it shows that you are gambling.

[ChocolateBitcoinK]

Misconceptions and the hearsay that they've heard about the business/investment, so instead of taking time to learn things they just push their ways and start their journey, most of those who lean with luck ended up losing a lot, and the experienced that they've got push them away to this venue, it's very important to know the basic and along the way start improving yourself in terms of this investment.

You are correct in that there are a lot of people that go into trading without approaching it as a skill based pursuit. They use chance and feel, rather than adequate enlightenment and plans, which make it gambling. Trading is about discipline, patience and a constant process of learning yet most ignore the step by step doing and run out of money.

Well said, that first mistake you might make as a beginner trader is thinking that trading is based on chance and luck like gambling , approaching trading with such mindset alone can be very damaging. Trading is a skill and there are certain informations that can be used to ensure that every decision you make is precise and not based on trying to get lucky. For you to gain profit from it you need to know what you are doing

This kind of wrong thinking should definitely be abandoned, if you have such an idea about trading and gambling, that trading is like gambling, then nothing can be expected from it but just only losses. The biggest strength of a new trader is his willingness to learn and the mentality of learning from mistakes, when a new trader can learn trading deeply with such a correct mentality from the very beginning, and can learn trading realistically without being emotional, then at some point he will definitely be able to achieve complete proficiency in trading. Here, not luck but experience, research and strategy are the real weapons, so these have to be achieved, only then is it possible to succeed.

[DaNNy001]

When you don't have a trading strategy and plan in place then it means you are just gambling in the market because you don't even know what the market/price is doing, and because you don't have a system you follow, but when you have a system and understand what the price is doing you you don't trade a like a gambler or panic out when you see a retracing price and when see those things.

Of course, I understand what the OP mean. You will be shocked that majority of newbies coming onboard the cryptospace are jumping into trading as if it's one easy thing to make profit from. Such people are only gambling and not trading because trading is very complex and needs a lot of time to learn and master it. This is why I do tell anyone trading to quit trading if he is not making profit because it shows that you are gambling.

A lot of newbies are overly optimistic when it comes to crypto trading but I wouldn't say it's their fault entirely...a lot of beginners are being sold false dreams by people that claim to be experts, they are not properly schooled on what the market is all about so they end up throwing their money away when they get into it..instead of teaching them what they need to know they sell fake courses to them making them feel like it's easy to get rich from it overnight

[Mpamaegbu]

~snipped~

trading is very complex and needs a lot of time to learn and master it.

Honestly, people have to get that integrated into their subconsciousness. Sadly, that's the mindset of a lot of those going into trading. I was once like that and I paid severely for my ignorance. I think that mindset is formed from the way trading marketers (that's what I call them) unveils trading to the public. True trading coaches/mentors will tell you there's a risk of losing one's capital in trading and not that all is rosy.

This is why I do tell anyone trading to quit trading if he is not making profit because it shows that you are gambling.

Nope, instead of telling them to quit; you can tell them to intensify efforts and burn the midnight candle. Nothing good comes easy. It takes a while to become consistently profitable in trading if one tarries. There's no shortcut.

[tvplus006]

Of course, I understand what the OP mean. You will be shocked that majority of newbies coming onboard the cryptospace are jumping into trading as if it's one easy thing to make profit from. Such people are only gambling and not trading because trading is very complex and needs a lot of time to learn and master it...

If you do not use technical and fundamental analysis when opening an order, but rely only on luck, then you are undoubtedly a player. And as practice shows, such a player may even get lucky and make a profit. But in any case, he will still lose his money by continuing to trade in this way.

[henmark]

Trading is majorly based on luck and we should not forget about luck have been helping making gamblers to hit jackpot without full awareness they could gamble and make huge winnings. There are some bets that requires a lot to skills like poker and other related ones. Games like slots majorly relies on luck for you to keep making profits and when you don't have adequate luck to bring winnings for yourselves, then you might end up struggling to make profits trying to bet frequently which can lead to severe addiction that might be hard to reliquinsh.

Trading is not majorly based on luck, but gambling is. Trading mostly about knowledge and experience, because even if the market is not totally predictable, you can still know or at least have an idea about how it is going to react at a certain point, and you can utilize that info to make successful trades. Besides, trading is not like gambling where you decide the betting amount, press a button, and boom, you have either lost the money or won double or more the amount you had risked. In trading, you have tools such as stop-loss, that can mitigate the risks involved.

This is why I don't agree that trading is majorly based on luck. Yes, there are some types of trading that can be compared to gambling, such as binary trading, but that is actually gambling in another sense, because you are basically betting on the outcome of the market, and not actually buying or storing assets, which isn't trading in technical senses. Trading is when you buy and sell real assets, from the market, that are up for sale or are being bought by real people on the other end.

[daxkie]

Many people confuse trading with gambling without even realizing it. The difference usually comes down to having a plan. If you’re trading with a system, whether it’s risk management rules, entry/exit signals, or a journal to track your progress, you’re trading. But if you’re buying because Twitter is hyped or selling because you’re scared of a red candle, that’s gambling. The way to avoid this trap is to treat every trade like part of a process. Even a small win or a small loss becomes useful if you write it down, review it, and adjust. But if you’re just clicking buy and sell hoping for luck, you’ll end up frustrated.

If you really want to grow, focus less on the excitement and more on discipline. That’s what separates traders from gamblers.

[uchegod-21]

Of course, I understand what the OP mean. You will be shocked that majority of newbies coming onboard the cryptospace are jumping into trading as if it's one easy thing to make profit from. Such people are only gambling and not trading because trading is very complex and needs a lot of time to learn and master it...

If you do not use technical and fundamental analysis when opening an order, but rely only on luck, then you are undoubtedly a player. And as practice shows, such a player may even get lucky and make a profit. But in any case, he will still lose his money by continuing to trade in this way.

You see those guys (I don't want to call them traders) who rely on trading signals alone, they are another set of gamblers. Luck is the only thing they hope on, aside that  nothing else. They are many on social media patronizing these platforms who promise them good trading signals that will make them profitable. How easy it is to deceive some people...

[NFTGamerToken]

The line between trading and gambling really comes down to having a repeatable process and managing risk properly. A trader operates with a system that can be tested, tracked, and refined, while a gambler relies on chance, emotions, or hype. One simple way to tell the difference is whether you keep a trade journal and set clear rules. If you’re risking only a small percentage of your capital on each trade and making decisions based on a tested strategy rather than impulse, that’s trading; but if you’re going all in on green candles or reacting to Twitter posts, that’s gambling. There’s nothing wrong with gambling if you treat it as entertainment, but for long-term growth, discipline and structured decision-making are the only sustainable approach.