What makes a successful trader, not a gambler?

[oceantiger]

This is a very helpful write up for newbie traders and i must confess that most of my trading was in part A which tends towards a gambler than trader I was hoping to be. I am definitely going to change and apply most of the items in part B and compare the result with what i was doing before now. Thanks very much for this help.

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[Victorycoin]

I want to add, a gambler trader goes after just about any coin he comes across and end up Jack of all coins and master of none. A savvy trader however concentrates on a few coins as possible and so will be well able to keep tabs and abreast with latest developments around the coins/tokens, which is exactly a right step in the path of profit making.

[lavara]

In trade, in order to be successful, you have to keep yourself in a harsh environment: to exclude the emotional desire for quick earnings, instant profit and banal greed. I spend a lot of time analyzing the market - think with a sober head.
In my field of study, this is necessary: I will pursue xxx projects in order to identify the best ones for further investment.

[Gwapoman]

Gamblers dont wanna make things complicated and Traders want it more organized and systematic..I don't know where should i categorized myself coz based on the characteristics you mentioned I can be both..I do trading and I go to casinos with only one thing in my mind and that is to create profit.

[jiryuksan]

Gamblers dont wanna make things complicated and Traders want it more organized and systematic..I don't know where should i categorized myself coz based on the characteristics you mentioned I can be both..I do trading and I go to casinos with only one thing in my mind and that is to create profit.

gamblers always think about quick profits and are dominated by good luck. in trading this often happens when traders play profit for short periods (daily trading), and even many of them don't care about fundamental analysis, my advice, we need to get rid of that level of simplicity because trading must be familiar with complex analysis for various methods.

[BitcoinTurk]

The substances you mention contain extremely important details and give information about two different investors. Information about gamblers, especially gamblers, actually contains information about new and uninformed investors. Usually this type of investors, as you mentioned in the process of high profit margin starts with the process and using all the money in the transaction is seriously damages. Successful traders do business in a knowledgeable manner as you have stated and never do a single transaction with all their money. In summary, the investor is the investor who keeps all the eggs in one basket. The successful investor is the investor who does not keep all the eggs in one basket.

[glowing10]

That's certainly a good post to distinguish a gap between traders and gamblers... But I'm afraid it is still 70-80% about luck, just ask your friends who perform regular trading.

Gambling is the luck based I would say as majority of the games are luck based out their. ON the other hand trading is something where strategy and your research will help you to execute the right trade.

[Rhego]

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

[jakezyrus]

That's certainly a good post to distinguish a gap between traders and gamblers... But I'm afraid it is still 70-80% about luck, just ask your friends who perform regular trading.

Gambling is the luck based I would say as majority of the games are luck based out their. ON the other hand trading is something where strategy and your research will help you to execute the right trade.

Trading do also depend on luck because you wont know what will be the price on the future . to become a succesful trader we need to try and try until we succeed or until we reach our desired profit . but the act of trading is always considered as gamble because you are risking your capital to be able to possibly earn something .

[patrickj]

Yes, I totally agree with these facts. As a gambler I don't even care about the current price of bitcoin because when I win some, I encash it already in fiats currency. And put some in trading site but it is totally difficult to trade because you need alot of knowledge about pump or dump scenarios.

[popolite11]

A trader is quite different from a gambler. A trader is one that has a strategy and applies caution in his trade. He also uses stop loss to manage his trade while a gambler is one that wants to get rich quick. He can lose all his money in a moment. This are the differences between the both

A gambler can also make his own strategies, and the professionals usually do it. However, the casino finally never lets you win. A trader can become a very successful businessman.

[popolite11]

A trader is quite different from a gambler. A trader is one that has a strategy and applies caution in his trade. He also uses stop loss to manage his trade while a gambler is one that wants to get rich quick. He can lose all his money in a moment. This are the differences between the both

A gambler can also make his own strategies, and the professionals usually do it. However, the casino finally never lets you win. A trader can become a very successful businessman.

[mey466]

It is difficult to regulate emotions when trading greedy traits in human beings who are soaring to want to get high profits in an instant way and sometimes do not think about the risks

[TomArayaSlaya]

More like gambler with a brain to me thats what a good trader is always on high alert and carefully targeting his moves but trading is more like gambling to me

[Gwapoman]

Gamblers dont wanna make things complicated and Traders want it more organized and systematic..I don't know where should i categorized myself coz based on the characteristics you mentioned I can be both..I do trading and I go to casinos with only one thing in my mind and that is to create profit.

gamblers always think about quick profits and are dominated by good luck. in trading this often happens when traders play profit for short periods (daily trading), and even many of them don't care about fundamental analysis, my advice, we need to get rid of that level of simplicity because trading must be familiar with complex analysis for various methods.

naah,many daytraders uses fundamental analysis to pick their trades of the day.we dont just look at the biggest lose yesterday and pick this coin or token to bring us luck.lols. traders uses different kind of strategy in every situation and in every trades same as gamblers do when they do make bets.

[tbterryboy]

Trading will be successful when strict and clear goals are set and profit is consistently fixed when prices rise by 30-50% of various cryptocurrencies

A real trader must be a researcher. The presence of internet is the cheapest way to dig out information about anything including the arrivals. If you are expert at this thing, you can become a successful trader. You would refrain from making irrational investments.

Besides, you would know the time to buy like the present time and sell. Finally the trait of taking an initiative is very important and if you have this risk taking ability, it is sure you will make big money.

[pumbum]

any trader should have a trading strategy, methods of entering and exiting the market and the ability to learn from their mistakes

[BlackPanda]

A trader is quite different from a gambler. A trader is one that has a strategy and applies caution in his trade. He also uses stop loss to manage his trade while a gambler is one that wants to get rich quick. He can lose all his money in a moment. This are the differences between the both

A gambler can also make his own strategies, and the professionals usually do it. However, the casino finally never lets you win. A trader can become a very successful businessman.

You talk a facts? You should see the analysis and data available because gambling is a very strong thing against a fortress !!! You will never achieve results because the game of gambling will never make you successful.

[Malamok101]

Playing a gambling is like a trading too. Every dice you will role every coin that you will buy and sell to and same for huge funds and huge profit.

[$anounimus$]

I think what makes a lot of traders can be very successful and can get a lot of profits is because they can control the patience they have so that they can make this trader be successful and never lose because they can be patient.