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Author Topic: Trader or Gamblers.  (Read 2357 times)
luckyluigi
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April 18, 2018, 08:59:21 PM
 #21

My personal advice is to not start to trade untill you will have a strong knowledge what it is, cos you wight be lucky, and then loose everything
dothebeats
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April 18, 2018, 09:20:23 PM
 #22

Most traders who are burned in the end are those who are impatient or wants to chase their losses. This incorrect way of thinking leads to disappointments and frustration. Also, greediness gets the best of most traders, especially if they 'think' that they can still somewhat abuse the market conditions and gain more profit, only to be slammed down hard by the harsh market afterwards. Self-control really is a vital part of trading as it helps you do the right thing without risking your assets, your money and your own sanity. Sadly though, most people are still trading out of their own irrational thoughts and emotions.
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April 18, 2018, 09:35:27 PM
 #23

In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.
People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.

Yes for them to make money fast they gamble which is no assurance if you win will or not so I think if we compare it with trading gambling is very risky than trading. So the only thing you were going to do is to made decision wisely in a way that you will gain profit.
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April 18, 2018, 10:01:02 PM
 #24

In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.
People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.

Different people have different approach on the market actions that's why we are seeing different result on their trading outputs. Another thing is, people have different strategy to deal on any trend that's why we can see that some people have a continous win or loss streak in their traders.

Honestly, it's way better for me to experienced mistakes and losing on the way because it will be the foundation for much effective and better strategy to deal with the loss. People used to become good on the long term because of their gained experienced.

So in here, we just have to be focus so that regret don't always follows us.

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royale143
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April 18, 2018, 10:07:39 PM
 #25

In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.
People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.

I would choose trading. At least with trading, you can actually study the market and check what you're doing, and so, you can take an intelligent guess or, at least, expect what can actually happen. In gambling, it's just luck, you can prepare for what would be doing before hand, and also, the worst is, if you lose, you won't have any more assets to work around with because, when you lose in gambling, you lose it all, unlike with trading at least, even if your trade turned out bad, you still have some asset to use to at least get something back.

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April 18, 2018, 10:15:11 PM
 #26

In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.
People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.

Yes for them to make money fast they gamble which is no assurance if you win will or not so I think if we compare it with trading gambling is very risky than trading. So the only thing you were going to do is to made decision wisely in a way that you will gain profit.
Exactly.Trading and gambling are the two means to make profit but i prefer to do trading than turning into gambling  without much assurance whether i will win or lose on the end.But in trading,you have to study it first and analyze its price chart movement.If you think you are now capable in trading,then you can start even a small amount.And as long as you buy low and sell high,you'll never get wrong in trading.

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April 18, 2018, 10:18:16 PM
 #27

But you can't say exactly most of the time for me i set my profits based on the market status and the future of that particular coin and most of the time I'm easily able to get the amount of profit i set in gambling even after winning you continue to play but in trading you greed more based on the market situation and not your greed
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April 18, 2018, 10:23:34 PM
 #28

Where gambling includes pure luck and is the game of luck, I believe trading isn't exactly a gambling. In gambling you need to do trend analysis before making your move. You need to concentrate over Technical and Fundamental analysis along with keeping a watch over news and rumors. This way you make an educated guess which is most likely to succeed. People who do trading without any analysis and out of sheer blind following, are the ones who are gambling and will get rekt.

If both gambling and trading are a gamble then i will chose to gamble in trading because i did not know anyone from my close friends and relatives that they become rich because of gambling, instead their lives become in miseries but i knew lot of people that become rich because of continuous trading and investing in which their lives become more beautiful and prosper.
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April 18, 2018, 10:28:53 PM
 #29

I've seen so many similar threads. Trading and gambling comparisons don't work. These are two different things!
In short, you gamble with all the money that you put into a bet. In trading you never lose it all. A loss in gambling means you are -100% on your bet. In trading you can be -20, even -50%, but you don't lose it all. Also, TA allows you to predict at least 50% of price moves, while in gambling you rarely have any data to rely on.

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April 18, 2018, 11:02:05 PM
 #30

Gambling is one time, big time. If you have a luck, gambling makes you profitable but we cannot say that all of the time we are lucky. The best thing here to do is to trade or invest in a coin. Trading is less risk than gambling. You can also be profitable in trading as long as you have knowledge about the nature of trading.
In my opinion, its either gambling or trading, as long as we are earning, can be our source of income.



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April 18, 2018, 11:11:08 PM
 #31

if I own a better trade because the risk is also not too heavy and does not violate the rules of religion and law. but if the risk stakes big enough because it violates the rules of religion and law and can be in jail also if the police caught
Trading does have many advantages compared with gambling. I would be much more preferable to trading because it is much more certain than playing gambling that has no certainty. Everyone will have their own way and they will decide what they want to get. Everyone has a strategy and they have to account for what they do.
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April 18, 2018, 11:27:22 PM
 #32

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.
Actually what are you trying to say here, are you telling that people are gambling with their investment in this market because it is not regulated or you think that the scammers are lurking to get hold of your coins ? either way if you know what you are doing and you have done the security measures needed, there is nothing to worry.
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April 19, 2018, 12:17:35 AM
 #33

In the widest sense every investment is a kind of gambling. You are risking your funds for profit but without any certainty that you will get it.
But in fact trading and gambling are not the same. I would say that trading is a virtue that takes a lot of time, knowledge and expertise if you want to be successful. With gambling I would say that you are depending on pure luck. But the problem is that many traders have the approach to trading like to gambling and they end completely burned out, disappointed and without money.

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April 19, 2018, 01:59:40 AM
 #34

There are big difference between trader and gamblers. Trading is you can analyze the price by reading some candle pattern, price movement, charts and news update. o you can calculate when is the best to buy and sell that enables to make profit. Gambling is pure probability that is completely random with no technical analysis and you just depend on luck.

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April 19, 2018, 03:24:38 AM
 #35

Many gambling people think they are trading. Only when they lose it they realize that they are gambling.
For most people, the difference between gambling and trading is very vague. Why can you not be frank and admit that some of your tradings are actually gambling?
The more you can recognize that you are gambling, the more you can recognize that sometimes you are trading.
dynospytan
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April 19, 2018, 03:25:27 AM
Last edit: April 19, 2018, 06:15:10 PM by dynospytan
 #36

In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.
People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.

You are actually right. In trading you must have strong mind in order for you to win. Oftenly people rely on their emotions or instinct in terms in trading but they forget that having a strong mind is also is important because some people that who had lost when digital crypto currency fell into a blood bath, a lot of people were panicked because of this situation and they had a emotional break down because they lose a profit.

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.

Some people has to taking the risks just to get into the easy money procedure even they might know or not that it might them to lead into loss profit. But I'm not saying that all the people, but just few of them.


Robert543 (OP)
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April 19, 2018, 03:51:14 AM
 #37

In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.
People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.

I will update my reply for this post later.
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Indrawan77
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April 19, 2018, 04:26:43 AM
 #38

I agree that greed and lack of knowledge can make us losing a lot of money in trading, in fact the only difference between gambling and trading is the data for speculate, in trading we got indicator and data to help us to see whether the price will go up or down, it's not that easy to press down the greed, but if we must ablento control it, if we are losing with our greed then whatever we do, we will failed
boybitcoin
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April 19, 2018, 05:35:28 AM
 #39

for me i would like to becoming a trader, being a trader for me has a wide range of capability on how to earn money, there you can study the flow of the market, there are guidelines, on how you can increase your gain, or profit.. unlike to gambling its based on luck.. if you are lucky at that day then you could gain a huge amount of money.. but if not, you lose everything that you had
EdenHazard
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April 19, 2018, 05:51:17 AM
 #40

In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.
People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.
The main factor for earning income is ourselves. Yes, you are right, all decision depends on us. We can profit because we are patient, take a chance and not greedy. We can lose because we are in a hurry, just rely on others and greedy. That is the success factor we di cryptocurrency.

For me, trading and gambling in cryptocurrency have in common. The volatility price is the dice that will come out depending on what we bet on. The difference is only in capital and luck, in gambling if we bet and we fail then our money will be discharged directly. Likewise with trading, if we rely on greed, then the fate will be the same as when losing a bet in gambling. Trading and gambling, both will shape us.

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