What makes a successful trader, not a gambler?

[Kawasakinamoto]

I agreed on all of the things you said because when it comes to a gambler they just need luck no mind that's all, and when it comes to a trader they need both luck and knowledge to earn.

[MoonJeina]

The most important thing that is needed to acquire in order to become a good trader is the sense of realizing is this coin worth trading ?
This sense only comes with experience in trading . One will never acquire this ability at first time and failure at some points are meant to occur , so one needs to be prepared for that too .  Other than that , one must have contacts to discuss about what is the best strategy to trade , this would only help you to trade in a better way . Patience and tolerance are also the key factors.

[malikusama]

Trading is a Skill while gambling is just greedy move without considering about the conclusion.
Successful trader needs to be knowledgeable and should aware of the market circumstances, that means both knowledge and experience are much needed to become a successful trader.

[Reid]

A gambler, specially when it is just dice. Click and click. (this is me doing manual dice  )
A trader, wait more and sometimes forget about it for a day with just orders left in the trading site.

There is a lot of difference with the two. It is just the risk that makes them almost the same. But with gambling you can lose it all but with trading you can somehow save it before it ends up zero or wait more for it to be pumped again.

[Kidmat]

I agreed on all of the things you said because when it comes to a gambler they just need luck no mind that's all, and when it comes to a trader they need both luck and knowledge to earn.

Yes a gambler depends on a person luck to win the game. To be successful trader a person should have a knowledge overall the trades for him not to lose atleast single penny. It requires of having knowledge, determination and ofcourse patient that it has a process not an instant way to become successful.

[rukawa101]

But what if I have mixed of the traits you've mentioned.

- Have a daily note on market view and trend.
- Pay attention to risk management for each trading order.
- Consider coin trading as their career and daytime job.
- Spend most of your time focusing on winning and making profit.
- Place orders without consideration.
- Place too many orders.

What does that make me? ::thinking::

[glowing10]

I was prefer to do on trading only i play sometime in gambling too but im not realy good in gambling since i feel nervous if i see that i already start losing my money and i got rattle so i think gamble is not my line.

Trading and gambling both are different and not same. Trading is a wise decision which is taken after doing research and having the future and while gambling nothing much needs to be done in many of the games as those are luck based and you win or lose without any reason.
 

[JC btc]

I was prefer to do on trading only i play sometime in gambling too but im not realy good in gambling since i feel nervous if i see that i already start losing my money and i got rattle so i think gamble is not my line.

Trading and gambling both are different and not same. Trading is a wise decision which is taken after doing research and having the future and while gambling nothing much needs to be done in many of the games as those are luck based and you win or lose without any reason.
 

One thing in common with them and that is they are both risky and you need to have the guts and self confidence for you to enter into it, you cannot with both games if you have a low confidence and don't know how to take risk on it.

[orions.belt19]

People often mistake gambling to be similar with trading because of the risk of losing your money while in reality, there are some differences such as its method and the fact that it takes skill and analysis to trade.

I'd have to disagree with one of OP's points, which is that gamblers place orders without consideration. While some gamblers really don't, there are some of this who take things into consideration before making a bet. It may take purely luck (and not skill) to win in gambling but gamblers also consider some factors before betting.

the most important thing is having a brain and knowing how to use it!

everyone starts from zero and works their way up towards becoming an "expert". the difference is that when a good trader makes a trade no matter the result they will gain some experience and the next trade they make will be a better one and little by little they will grow.

a gambler, however, makes a trade but the result doesn't matter to him. if he wins he just becomes happy and if he loses he becomes sad. he doesn't waste any "brain power" to analyze what went wrong or right that led to the loss or profit. that is why not everyone becomes successful in trading...

Having knowledge of what we do is a must. The risk of our transactions will just depend on how we sort things out. Gambling more depends on luck than on skills that makes it differ from trading. We should do finalization whenever we want to trade our coins and know why the market moves that way , it may just due to fuds that makes the loss.

Also, when you lose a trade you may analyze the factors which made you lose unlike with gambling which is randomized. Even when a gambler sustains numerous losses, he won't learn ways to avoid losing in the future. Gaining knowledge about gambling won't make you win more, but education of one's self will help you in the field of trading/

[Webberson]

There seem to be a thin line between being a successful trader and a gambler. You are said to be a gambler, when you do not adhere to certain principles about trading and do things for the very wrong reasons. In addition to what makes you a successful trader, is having a working strategy.

[richardsNY]

Trading and gambling both are different and not same. Trading is a wise decision which is taken after doing research and having the future and while gambling nothing much needs to be done in many of the games as those are luck based and you win or lose without any reason.

Trading isn't gambling if you know how the market works, and aren't day trading during very active markets where greed and fear dictate the sentiment. If technical analysis isn't applicable in the aforementioned situations, and it isn't, then trading can be seen as gambling as well. If you also take into consideration that the majority of the people blindly buy themselves into the market, just based on hope, then it's safe to say that guess trades easily outnumber the knowledge trades, and that big time. Taking advantage of everything related to the short term crypto market involves luck. Gambling is a relative term that you can apply in almost everything people do in life. It's not just the obvious.

[Jackblack90909]

I think that the real trader should focus also in getting more knowledge about crypto and trading everyday almost, in addition with studying carefully the market and analyzing the charts. Gambling depend only on luck, while trading require good knowledge which can help to minimize the risks and increase the percentage of making successful trades.

[Edraket31]

A successful trader knows how to handle his time well, he invest not only money but also time to have a wise decision before entering a final decision, he trust himself and he knows that his life will change if he will do trading well. Trading is like gambling need to  have patience throughout the game.

[Baoo]

Well, I agree with you  in some points, before starting in  any field, especially trading we must understand and learn the characteristics that lead to success and profit. Furthermore, many people think  that trading is easy and the profit is guaranteed , as well, when they start in that field, their views change and  particularly, when they lose a big proportion of their money.

In additon to that, before everything,  we must use our mind with a smart way, and then  we must learn the market so well and have a different  strategies in each situtation (Plan A, Plan B ..) .  

If there is  someone interested about this field , he/she can follow my tips in this  thread: "5 steps for traders"
Hope it can help every beginner trader.

[shawonngp]

I was prefer to do on trading only i play sometime in gambling too but im not realy good in gambling since i feel nervous if i see that i already start losing my money and i got rattle so i think gamble is not my line.

A good businessman always accepts education from the current situation. And Enjoy the benefits from that lesson in future. They will always be positive and In their initiative, they will be treated as another challenge. Need time for good trader and Analysis requires expertise.

[Kingofbitcoin12345]

I badly categorised myself as a gambler than a trader,, I find it hard to differentiate in times,, as I don’t care about the risk and researching takes ample of time so the chance to buy at lesser price decreases.. I’m a panic buyer,, but not a panic seller.. I do hold longer than is expected from a gambler and I’m not into daily trading..

In short,, I do decisions on my own and may differently not the same as others.. It works for me in multiple occasions then I don’t bother to change..

[Suslura]

I was prefer to do on trading only i play sometime in gambling too but im not realy good in gambling since i feel nervous if i see that i already start losing my money and i got rattle so i think gamble is not my line.

A good businessman always accepts education from the current situation. And Enjoy the benefits from that lesson in future. They will always be positive and In their initiative, they will be treated as another challenge. Need time for good trader and Analysis requires expertise.

It is always necessary to compare trading on the exchange with gambling. The fact is that for the game it's Random without your luck. But if you look at trade, then the whole future depends on you personally. It all depends on your experience and your knowledge, and also how you apply your knowledge in practice.

[omonuyak]

For you to become a successful trader you must be ready to develop your skills and knowledge on how to trade successful. Trading is not a game for children but for an adult and are ready to be patient and follow his plan. We should not see trading as gambling because there are two different things.

[mornabo]

To be a successful trader you need to know the market movement and the investors favorit coin, to become a good trader need time and need alot of analysis skill, a trade without proper  basic and skill is the same with gambling, in trading we got data to compare so it's easier to predict the movements while in gambling we are depend on luck

I think for success and profit in trading you need to understand about the coins you want to buy, price movements and so forth. You need to thoroughly analyze the coins you will buy. Thats the different with gamblers. do not just random in buying coins because that would be the same as gambling. for skills and knowledge will certainly get better as time goes by because the experience will make your skills better.

[vincentong17]

Some traders tend to set buy and sell orders, while gamblers are into profit they set alot of targets and take profit. they don't mind the market trend. If it goes dip then they sell it to avoid losses. I myself is a holder i sell my coins when bull run occurs.