What makes a successful trader, not a gambler?

[BlueStackz]

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.

I believe that there are many thing that can keep you motivated and can help you succeed but the main factor is the mindset of an individual. The more you learn and think about making an investment and its possible outcomes and the probability of its success, the more good things go.

Mistakes are great teachers and learning from mistakes helps a lot. I think one should not limit ones investment to a single asset and should invest in multi assets to be a great trader.

[richmcrich]

To be a successful trader, we must master various analyzes such as price analysis and trends, although many say that analysis is useless but for me analysis is a map for walking.

It takes time to learn all these arts and tricks to shield your self against any factor that can possibly incur you loss in business. There are people who are very curious in making decisions related to business and these decisions pay off for they evaluate almost every factor and its possible impact on the investment in future.

The more one expands his knowledge about a certain area and learn from previous mistakes, the more secure and growing his business will be and this is what is required of a true trader.

[hispout]

I totally agree with your list. there are many gamblers now who think that they are experts. they do not have any knowledge and skills in anything but they still trade and lose. That makes the market falls down

Gamblers should not consider trading the same as they perform or deal with gambling will be bad for them if they think so. There is nothing in gambling but only fun we follow ways to casinos whenever we desire for it otherwise it of no use. Trading is far better and we should focus on it after getting its perfect knowledge we will be able enough to deal with it in different market conditions finally you will get your profit.

[Boris_sahnevich]

Basically, the reasons why traders achieve serious results on the stock exchange are related to psychological aspects and attitude to trading. These qualities must be carefully trained.

[anume123]

A successful trader is a person who creates lots of plans and backup plans which can be use once there is a conflicts or struggles happen in their trades through this all things are well planned and not rely on the luck of a person. They are not a gambler but a smart people that should be idol off.

Ye's your right some traders have a plan for their lifestyle in trading and never put their money in gambling things that will lost all their funds for future in life.

[wall101]

A successful trader is a person who creates lots of plans and backup plans which can be use once there is a conflicts or struggles happen in their trades through this all things are well planned and not rely on the luck of a person. They are not a gambler but a smart people that should be idol off.

Ye's your right some traders have a plan for their lifestyle in trading and never put their money in gambling things that will lost all their funds for future in life.

Yes. Because every coins you will gonna pick in exchanges there's a new method of strategy and every coins have a own strategy to make some profit im every coins.

[katuhakuh]

Yes, I think a successful trader knows how to handle his time well, he not only invests money but also he knows that he will change if he will trade well, calm and patient and not panic with the price of a small dump.

[zeingrind777]

on the first page you have explained the difference between a Trader and a Gambler and honestly, I strongly agree..but to be able to become a trader who really does a trader instead and not a gambler, in my opinion, it is not easy besides you have to have a smart brain you also have to join the right group to help you make decisions. so I think that what makes someone successful as a trader is because of the right decision.

[mashutka444]

As the saying goes, “Moscow was not built right away,” experience comes with time. Any newcomer to this field makes mistakes, and after a few failures begins to learn and gain experience.

[escalante28]

Both are the same. Trading is like gambling  at all becuase  both method are risky.  Gambling can make you rich so trading is too. Both method need investment, it has risky with it. Any of them has no assurance of profit. Trading can take everything  from you same as gambling. Each method need patience. Each method need to control the emotion. There are no assurance  at all.

[Cryptostruck]

For one to say he/she a successful trader they must at least conducted a findings on the coin they wish to buy and must be in for a long term.

[jobukegoya]

A successful trader is a person who creates lots of plans and backup plans which can be use once there is a conflicts or struggles happen in their trades through this all things are well planned and not rely on the luck of a person. They are not a gambler but a smart people that should be idol off.

A successful trader is a combination of smart, brave and good luck. These three factors must be balanced with knowledge, so they must explore and understand the characteristics of bitcoin and the positive and negative sentiments that affect prices. Dare, meaning making a decision to buy or sell based on his own calculations without following the opinions of others. The third is luck, it is God's will.

[@Mhaiang]

Gambling can be the major reason for a trader not to success in the field. Even in investment, doing gambling too can put your crypto assets in jeopardy. For me, you should have to focus on what is right because once you will mismanaged your assets, you will end up a loser.

[jetteodo]

A successful trader is a person who creates lots of plans and backup plans which can be use once there is a conflicts or struggles happen in their trades through this all things are well planned and not rely on the luck of a person. They are not a gambler but a smart people that should be idol off.

A successful trader is a combination of smart, brave and good luck. These three factors must be balanced with knowledge, so they must explore and understand the characteristics of bitcoin and the positive and negative sentiments that affect prices. Dare, meaning making a decision to buy or sell based on his own calculations without following the opinions of others. The third is luck, it is God's will.

There is a lot of difference between gambling and trading. Trading is a business and gambling is just a way of losing money. Strong determination, consistency, hard work, experience, skills and trading techniques will make you better and successful trader. If you have complete knowledge of the market trend you can make good profit from trading.

[The_Tick]

The difference between a trader and a gambler is experience, but to be either, you need a lack of fear, which either comes from stupidity or a deep understanding of what it even means to lose money.

An experienced trader will know that losing money is not a big deal in this world. It can be won back just as easily by using the same principle that makes a successful trader-intelligently exchanging value. There is an endless amount of paying customers hooked on consumerism, problems, to be solved, and fortunes to be made.

[therwtonn]

Gambling can be the major reason for a trader not to success in the field. Even in investment, doing gambling too can put your crypto assets in jeopardy. For me, you should have to focus on what is right because once you will mismanaged your assets, you will end up a loser.

You are right and if you think about the consequences of gambling you will understand that gambling is better or trading. In gambling there is no success and you want to be successful you should focus on trading. Cryptocurrency trading is one of the best sources of making money in less time. In gambling you will lose your hard earn money in short time.

[Premooooo]

This is a good advice from people spending thousands of money in just putting in a shitcoins so the price of it getting loss.

[tenakha]

on the first page you have explained the difference between a Trader and a Gambler and honestly, I strongly agree..but to be able to become a trader who really does a trader instead and not a gambler, in my opinion, it is not easy besides you have to have a smart brain you also have to join the right group to help you make decisions. so I think that what makes someone successful as a trader is because of the right decision.

Furthermore, the real trader must trade with his own analysis,information, but nowadays most people work with pump groups which destroy any token for money. Another way to make money is arbitrage, but it doesn't hurt anyone.
In fact recently the prices have dropped a lot and making money has become difficult, but the pump and other things are much more risky.

[kaizerblitz]

I agree with i learn so much on trading when i start on it i will say iam a gambler i take risk in anything happens but on so many months on trading i learned to discipline myself and earns some more knowledge and now i will to myself iam a good trader.

[letecia012]

Here are some characteristics of successful traders and gamblers:

A gambler:

- Have no transaction method.

- Do not take notes of your views on the market trend daily.

- Don’t care about risk management

- Spend most of your time focusing on winning and making profit.

- Let emotions dominated their mind when trading

-Place orders without consideration.

- Place too many orders


A trader:

-Understand and master an effective trading method

-Have a clear and specific trading plan and comply with it.

- Have a daily note on market view and trend

- Pay attention to risk management for each trading order

-Don’t set making profit and winning as their 1st priority

- Only make the deal when the price model matches the method.

-don’t let emotions control their actions

- Consider coin trading as their career and daytime job.

If you have those characteristics of the gamblers, you should change it immediately. If you have trader traits, maintain them for as long as possible and remember to always think twice before doing.

This does make sense if you able to follow this trading plan probably you have a higher chance to become a successful trader in the future.