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Author Topic: Journey from gambling to trading  (Read 2877 times)
Semaj123
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November 05, 2018, 12:24:08 PM
 #81

When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning     
This is what we al does as newbie traders and the losses is part of being mature in this of society when everything relies on volatility i have been a loser once when i am starting but now i can say that trading is one of my profitable places.ofcourse second to our family business that me and my brother runs for almost 10 years now,

Learning from mistakes makes us to be more careful and a better trader. We should always think that this is not a rich-quick scheme as what the others always telling about. Trading cryptocurrencies needs constant monitoring which means we need to set a plan on how we are going to do it.
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November 05, 2018, 12:38:36 PM
 #82

When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning     
To avoid the blunders and make your money lose a ridiculous amount, we need to invest in education before practicing. Knowledge in the field of investment is very important and we all need to undergo a course to gain more experience.

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Kevin43
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November 05, 2018, 12:39:22 PM
 #83

When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning     
learning from beginning mistakes is very valuable it will teaches many things also if we continue our beginning mistakes it will be continuing gambling , we have to lean understand and convert gambling to trading this is what many pro did at there beginning any way you have learnt from the mistakes in future you will be successful
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November 05, 2018, 01:40:59 PM
 #84

Your trip seems very good because by switching you from the world of gambling to the world of trading it is very good because surely you already have gambling experience that makes you lose and now you are on the right path and the risk is much smaller than gambling.
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November 05, 2018, 02:52:19 PM
 #85

When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning     

Trading and gambling both are so risky .Difference is that you have something to learn in trading to make profit on the other hand nothing to learn on gambling.Gambling is defend on luck just.Trading is that field you have to learn first either you will be looser as you said .Its great to see  that you have learned and now earning.Keep earn daily .

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November 05, 2018, 07:07:40 PM
 #86

It is good to replace the gambling field by trading, because trading is really less risky than gambling, despite that both are risky of course. In the trading world, you can minimize the risks by getting more knowledge about the market, the studying of charts, choosing the most profitable coins to trade and so on. In gambling, you depend only on luck, and you can't reduce the high risk of losing.
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November 05, 2018, 10:29:21 PM
 #87

It is good to replace the gambling field by trading, because trading is really less risky than gambling, despite that both are risky of course. In the trading world, you can minimize the risks by getting more knowledge about the market, the studying of charts, choosing the most profitable coins to trade and so on. In gambling, you depend only on luck, and you can't reduce the high risk of losing.
In my opinion, the risk in trading is almost equivalent to gambling, because I have seen a lot of traders getting into debt when the investment products they purchased start to plunge hard in its value. So I believe even if the traders are having a strong knowledge on analyzing trading graphs, they are still taking a big risk whenever they put their own money to conduct trades on the trading market.

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November 05, 2018, 11:06:36 PM
 #88

Trading from my own view is a calculated gambling is all about setting the table right for work and i think for sure Trading without better experience will surely come back to bite you. I think we will all appreciate some few strategy from you buddy

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November 06, 2018, 11:23:23 AM
 #89

It is good to replace the gambling field by trading, because trading is really less risky than gambling, despite that both are risky of course. In the trading world, you can minimize the risks by getting more knowledge about the market, the studying of charts, choosing the most profitable coins to trade and so on. In gambling, you depend only on luck, and you can't reduce the high risk of losing.
yes gambling is zero or hero , but if our trading is correct we will never come to zero and we will not depend on our luck also our analysis is which gives us confident while in gambling we depend on hopes and luck
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November 06, 2018, 11:28:19 AM
 #90

That is a typical mistake many people make, start trading without any knowledge of the market. It is very tricky when there is a bullmarket, because than the individual can even think, he / she is doin it right.

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November 06, 2018, 03:44:11 PM
 #91

That is a typical mistake many people make, start trading without any knowledge of the market. It is very tricky when there is a bullmarket, because than the individual can even think, he / she is doin it right.
yes many people as soon as they put there money the next minute they will be expecting huge profit , people forget that learning is essential to make money 
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November 06, 2018, 10:39:09 PM
 #92

It is good to replace the gambling field by trading, because trading is really less risky than gambling, despite that both are risky of course. In the trading world, you can minimize the risks by getting more knowledge about the market, the studying of charts, choosing the most profitable coins to trade and so on. In gambling, you depend only on luck, and you can't reduce the high risk of losing.
yes gambling is zero or hero , but if our trading is correct we will never come to zero and we will not depend on our luck also our analysis is which gives us confident while in gambling we depend on hopes and luck
In my opinion gambling and trading are like sibling i.e even if you know how to trade profitable, study price movement and reading chart luck is still needed to make a successful trade cause the can switch at any moment  and aside that you can make 100% correct analysis. So, gambling and trading are almost the same because they both base on luck

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November 06, 2018, 11:23:21 PM
 #93

That is a typical mistake many people make, start trading without any knowledge of the market. It is very tricky when there is a bullmarket, because than the individual can even think, he / she is doin it right.
yes many people as soon as they put there money the next minute they will be expecting huge profit , people forget that learning is essential to make money 
We aim gaining profit with these investment but isn't that easy as the others think about it. 
You've got have luck in gambling but not I'm trading cause personally you'll have to work and analyze the market chart.
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November 06, 2018, 11:50:01 PM
 #94

When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning     
Indeed, learning must come first and newbies should not be more greedy earning instantly in this market. Learning the process can help you succeed on your trading journey, gambling might be too risky for a beginners so I don't encourage beginners to go on that level. Start small, trade small, and continue to learn no matter how much you earn everyday.

That is a typical mistake many people make, start trading without any knowledge of the market. It is very tricky when there is a bullmarket, because than the individual can even think, he / she is doin it right.
yes many people as soon as they put there money the next minute they will be expecting huge profit , people forget that learning is essential to make money 
Easy money will be gone easily too, especially if there is no strong foundation. Most of them failed in the long run, and I hope they learn from that mistake. We should be more cautious when it comes to investing simply because you are putting the money you work for and I assume newbies can't afford to lose that money. Learning is the key to survive in the long run, and this market will not stop from pumping and dumping so we must learn from it.
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November 06, 2018, 11:51:48 PM
 #95

When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning     
Gambling and trading, these are the best wait to earn a huge money in cryptocurrency. Gambling requires good luck while trading requires good execution. Gambling is a one time big time money while trading is a percentage of outcome. We can select from both of this but I prefer trading because in trading, we gamble our money based upon our plan.

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November 07, 2018, 01:10:19 AM
 #96

If you’re inexperienced and trade based on emotion, it is entirely possible that trading can be gambling. Like anything else, trading requires experience more than anything, and that’s something you can only gain with time. I agree with most of your tips, but it’s okay to start with a small amount of money you can afford to lose at first. It’ll help you trade realistically and you’ll gain experience with actual trading by doing so. Some sites also offer demo trading accounts where you can learn to trade on your own without investing any money.
learning is really needed to be smart, but beginners are usually carried away with emotion, especially if they feel lucky and will always gain more profit, indeed the crypto business is always the main attraction for new actors, because of the many profits without the effort long.
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November 07, 2018, 01:24:20 AM
 #97

When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning     
Gambling and trading, these are the best wait to earn a huge money in cryptocurrency. Gambling requires good luck while trading requires good execution. Gambling is a one time big time money while trading is a percentage of outcome. We can select from both of this but I prefer trading because in trading, we gamble our money based upon our plan.

I agree to this. I also prefer trading as you have control on how much you'll lose compared to gambling.
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November 07, 2018, 01:28:47 AM
 #98

If you’re inexperienced and trade based on emotion, it is entirely possible that trading can be gambling. Like anything else, trading requires experience more than anything, and that’s something you can only gain with time. I agree with most of your tips, but it’s okay to start with a small amount of money you can afford to lose at first. It’ll help you trade realistically and you’ll gain experience with actual trading by doing so. Some sites also offer demo trading accounts where you can learn to trade on your own without investing any money.
learning is really needed to be smart, but beginners are usually carried away with emotion, especially if they feel lucky and will always gain more profit, indeed the crypto business is always the main attraction for new actors, because of the many profits without the effort long.
You make a good point concern the problem which most newbies have in terms of not learning the require statistics needed in crypto currency trading but I want to know that the are not the one only who are usually carried away with emotions because there are experience trade which are still impatience.

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November 07, 2018, 01:35:08 AM
 #99

We should not forget that cryptocurrencies are very volatile that it has a constant up and down trend. If you think you can get rich real quick without even considering the fact that your crypto can fall down hard anytime, then you will just be disappointed.

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November 07, 2018, 02:36:58 AM
 #100

When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning     

Exactly, we cannot be earned by trading if we have no knowledge. I have many friends who complaint that they lost too much in trading and the reason which came out of these loses were that they did not pay attention to learning the techniques and tricks of trade.

Gambling on the other hand is easy and you need no skills to get into gambling, but the risk level of losing or winning is even and anything can happen depending upon luck.









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"I could either watch it
happen or be a part of it"
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