Journey from gambling to trading

[steve57]

most of the people enter trading with gambling mindset they dont want to learn anything they just want money and they lose money and leave market as gambling only

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[Finestream]

I think gambling with trading is very different. if gambling, of course, will never know when to win. while for trading we can learn and we analyze how the movement so that for people with a lot of experience about trading of course the profit will be more easily obtained every day.

I believe trading is quite different from gambling  because in trading,you have some certain strategies to follow to make profit even if the market is in bad condition.While in gambling,you may take all the strategies you knew but in the end,you still end up being a loser.Still the end result for gambling is uncertain.

[nydiacaskey01]

We can make money on both trading and gambling. We can use strategies on both trading and gambling but of course, the strategy that you use in trading and gambling will be different from each other. You can read forecasts from technical analyst, those who reads charts if you want a good advise on which coin to buy, you can look for sports analyst if you want to know which team will more likely to win, however if its a dice game, poker or card game its a different strategy there. If you can do both trading and gambling that would be great since both can generate money but be more on the trading side.

[kotajikikox]

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     

Hard work and time focus are best to earn profits but also patience is most important in trading, in trading not only the capital to make earning need the more more effort before got earn no one can get express to be rich.

[DavidNiva]

Depending on how you trade it is still gambling.

You are like betting the price will move on the direction you bet.

the main goal is to get profit, but in the realm of treding we really like being gambled, but this is what actually happens we can make a lot of profit but we can also lose a lot too, so what should the best choice be? the most important thing is not to risk money that is not healthy money, for example the results of loans or the results of selling something that is very valuable to us, we bet using residual money or money that is not basic money.

[David78k]

Not all can be successful  in trading only people with correct mindset and discipline in will be successful , many of them forget discipline and lose there patience when they lose there money and they start gambling   

[Yaunfitda]

Not all can be successful  in trading only people with correct mindset and discipline in will be successful , many of them forget discipline and lose there patience when they lose there money and they start gambling   

There's a lot of room to grow in trading, but not in gambling. In trading if you made a mistakes then let it be a lesson for you. And I'm sure that you will learn and not commit the same mistakes again. So whether you have the wrong mindset in the beginning, you can adjust your trading plan and strategies so that you will have a chance to get successful on it. Unlike in gambling wherein there's no chance at all and we haven't heard any successful gambler out there.

[deppil]

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 are clearly different things. Exactly what you say that trading requires experience and skill. Both are needed and when we can master them we will get closer to success. While gambling is just something that is very influential by luck. For me Trading is a much better thing and has far more certainty. understand and practice your abilities and you will be able to profit gradually.

Yeah both are very different. so what you should have for profit is also very different. gambling only requires luck while trading requires many things such as knowledge, skills, and so on. when you jump from gambling to trading. then you have to learn a lot of things dude. and certainly more practice and training. because experience is also very much needed

[ToyotaFortuner]

the choice you choose is very good and you should not go into the world of gambling anymore and you better find a job that can be more productive and certainly does not have too high a risk like trading like this, a very relaxed and comfortable job.

[yecats]

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     

Yes, absolutely  gambling you put  your  money  on trading  then  you  only watch  it profit. Be able  to make  profit  in trading aside  from  risk  reward and
 emotional  thing most important    is you have this technical analysis and when you  do trading  it constantly  school you and  it will keep you learning. Trade  only  what you can  afford  to lose.

[futile-resistance]

Yes when first jump in to trading, we should be more focus to learn about management of risk and money and dont set the target profit first, the more important thing how to minimize the risk first. And after we have some strategies to minimize the risk and then we can set the target monthly profit. So make risk management is very important first.

I was also guilty of this at first, but my determination actually helped me over the years and I realized that eventually the time I was using to do trial and error, I would not have taken that much of a time to learn and start doing things right.

All you need is just a good strategy, confidence in executing the strategy without emotions, understanding the importance of reward risk ratio and money management and you will find yourself doing better over time. Those who have no strategy when it comes to trading are just busy gambling, and until you give yourself some brain, and you do things the right way, you will just keep making silly mistakes.

Well i think that this is the thing you cannot deny. Also having knowledge about what is needed to make good decisions is more than good and yes it is a good strategy to invest in education and learn than to loose in trading in future. This is the reasons those who invest after learning make money and other benefits that are normally not available for those who invest before learning. This is a step from the gambling to the era of rationality.

[ngacengan]

so you have chosen the right way to get out of the gambling world so you can trade and return to the right path so you should only be able to trade cryptocurrency and not return to gambling.

[forked human]

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     

But still lot of people were doing trading as gambling that is why they are crying after their loss they didn't prepare well for their trading.When to start buying and when to sell their coins re the real work of the traders but the people who are doing it as gambling will do it in the opposite direction of buying when the prices at high and sell when the prices got decreased.I agree that start doing trading and look for the profits once you learned.

Sometimes you don’t really have to pay money for everything. There are things that are worth giving your money to learn, especially when they are not going to be helpful or maybe they are something that is all over the web and you can easily get them for free without having to pay a dime. So it’s best to learn the ones you can get for free, then if need be for advancement, then you can decide to go further in studying.

[SirLancelot]

either you done it professionally with studies, research, TA. else what you doing is gambling.

Well, that is one thing a lot of people will always need to realize when it comes to the idea of gambling. Gambling for one thing I am sure of is that there are no way you can gamble at all without at least getting emotional and losing big time in the end. Now, a lot of people approaches trading in this manner which is one of the reasons why they find it very difficult to even know what to do at certain point in time when it comes to making good trades, and they eventually end up flopping pretty badly.

Trading is a whole lot more than just gambling your positions, you need to have a strategy and you need to know how to do things right, which in this case, if you manage to hit the trading platform without a strategy, you will be doomed before you even start.

This means that your enter to the world of cryptocurrency from gambling would have been quite interesting and this is a benefit of the gambling that it let you earn provided you have the skills to make things happen regardless of the market situation.

Now when you have the money, invest wise and make sure you do not look back for life and market seldom gives second chance to those who are irresponsible towards the business.

[steve57]

money can be made in both gambling and trading but in gambling money can be made until luck is there but in trading money can be made forever its all about discipline and how we manage our trades , almost 60% of people do gambling in markets 

[NorihiroName]

I agree with you fully because the fact is that the most valuable thing there is knowledge of the area and market...but many of us desire fast and easy profits...

[farosa]

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     

If the only goal is to make money, in my opinion they have some things in common. When you are putting money in both you have to take the risk. I am aware that there are different things, but in crypto your investment may also turn to zero at a time.

[Palodar]

I agree with you fully because the fact is that the most valuable thing there is knowledge of the area and market...but many of us desire fast and easy profits...

No matter how we desire it, somethings aren't meant to be the way we wanted it. We need to follow rules and steps to earn, and in gambling and trading even they seem to be fast we need to risk higher amount to succeed

[ocid]

Not all can be successful  in trading only people with correct mindset and discipline in will be successful , many of them forget discipline and lose there patience when they lose there money and they start gambling   

There's a lot of room to grow in trading, but not in gambling. In trading if you made a mistakes then let it be a lesson for you. And I'm sure that you will learn and not commit the same mistakes again. So whether you have the wrong mindset in the beginning, you can adjust your trading plan and strategies so that you will have a chance to get successful on it. Unlike in gambling wherein there's no chance at all and we haven't heard any successful gambler out there.

maybe there are some people who are successful because of gambling and of course they can make gambling as a source of income or they can be said to be very addicted to gambling, but compared to trade, of course trade is far better than gambling, because in trading Technical analysis is obviously very necessary always monitor market price movements so that if we experience mistakes can be a lesson for the future so that we do not always feel the loss in trading.

[I am insane]

money can be made in both gambling and trading but in gambling money can be made until luck is there but in trading money can be made forever its all about discipline and how we manage our trades , almost 60% of people do gambling in markets 

Yes as you mentioned 60% or more  they come to market for gambling only they want quick and easy profit which may work for couple of days but eventually they will fail and losing there money

But a good trader first educates himself 1st and enter into trading and he will constantly improve his downs and make profits