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Author Topic: Journey from gambling to trading  (Read 2836 times)
rodskee
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July 02, 2019, 01:38:46 AM
 #261

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     

Yeah your right.dont be in a hurry to think that you can earn fast and quickly just because you think trading is can get easy money.ofcourse for me much better if give patients first while learning trading.learn first how does the crypto run.we know we need to trade a small value of ceypto that possible to increase as time goes by.well needs time and effort from this need to monitor always in able you to get profit from trading.yes trading some kind of gambling because if you never monitor crypto into trading you can suddenly lose by trading.so right need to learn first before into trading

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July 02, 2019, 06:14:16 AM
 #262

One way or another, not only gambling players, but also traders, may have an addiction.  This is already proven by science.  What aspects of human activity affect this is a completely different question. But really, a gamble is almost like trading, especially if at least once someone has received good results, he will look for an opportunity to repeat this result again.
receiving their first profits in gambling will make them addicted and prefer to repeat it again.but there is no guarantee they will earn the same condition.gambling will not make us surive at all.most of them was be poor man when they lost their money in table.

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July 02, 2019, 07:06:32 AM
 #263

One way or another, not only gambling players, but also traders, may have an addiction.  This is already proven by science.  What aspects of human activity affect this is a completely different question. But really, a gamble is almost like trading, especially if at least once someone has received good results, he will look for an opportunity to repeat this result again.
receiving their first profits in gambling will make them addicted and prefer to repeat it again.but there is no guarantee they will earn the same condition.gambling will not make us surive at all.most of them was be poor man when they lost their money in table.

In the beginning, every gambler will make money and this makes them addictive to gambling and started losing their money, most of the gambling websites will attract the investors by giving some wins in the beginning, but after they are addictive it is impossible to control their emotions towards gambling.
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July 02, 2019, 10:01:53 AM
 #264

1st learn then earn don't c profits while learning     

Gold lines after a experience. I agree I would add one more thing recheck on what we understood after learning is right or wrong is also important.

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July 03, 2019, 07:48:40 PM
 #265

1st learn then earn don't c profits while learning     

Gold lines after a experience. I agree I would add one more thing recheck on what we understood after learning is right or wrong is also important.
In some situations, gambling and trading on the cryptocurrency market are often compared, but still the differences are quite large.  The fact that gambling addicted to quite a lot of people and have some experience in this field of entertainment.  Therefore, we can assume that with the help of gambling you can earn a certain initial capital, with the help of which you can safely enter the cryptocurrency market and learn the basics of trading.  If a person is azarkin, then he will definitely like the Bullying, especially if he gets a good profit.
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July 03, 2019, 09:03:35 PM
 #266

One way or another, not only gambling players, but also traders, may have an addiction.  This is already proven by science.  What aspects of human activity affect this is a completely different question. But really, a gamble is almost like trading, especially if at least once someone has received good results, he will look for an opportunity to repeat this result again.
receiving their first profits in gambling will make them addicted and prefer to repeat it again.but there is no guarantee they will earn the same condition.gambling will not make us surive at all.most of them was be poor man when they lost their money in table.
Yeah you are right when you are gambling you are not sure about the profit but you will continue trading this is much different than trading as in trading you can gain profit with the help of your skills and your knowledge so I must say those who have been using gambling and now they are trading will like trading more than gambling but both are profitable.
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July 03, 2019, 10:24:17 PM
 #267

Both has risk but trading is way better though they have similarities. If you invest your money then you already gamble because you have no assurance for the outcome of your investment.

However if you have knowledge in what you're doing then chances of gaining profit is high. Experience in trading is important because thats how you will learn different strategies that you can apply the next time you trade.

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July 03, 2019, 10:36:25 PM
 #268

One way or another, not only gambling players, but also traders, may have an addiction.  This is already proven by science.  What aspects of human activity affect this is a completely different question. But really, a gamble is almost like trading, especially if at least once someone has received good results, he will look for an opportunity to repeat this result again.
receiving their first profits in gambling will make them addicted and prefer to repeat it again.but there is no guarantee they will earn the same condition.gambling will not make us surive at all.most of them was be poor man when they lost their money in table.
Yeah you are right when you are gambling you are not sure about the profit but you will continue trading this is much different than trading as in trading you can gain profit with the help of your skills and your knowledge so I must say those who have been using gambling and now they are trading will like trading more than gambling but both are profitable.

If you're gambling them you're a risk taker and same with trading if you invest to project which you don't evem know what the future may bring, you're brave enough to invest. Even gambling didn't actually have nice image to other people, but when trading also went bad same feedback heard and still frustrations comes.
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July 03, 2019, 10:43:15 PM
 #269

Depending on how you trade it is still gambling.

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




Yeah tha is correct mate trade is a gambling specially if the people without knowledge and skills for this kind of investment they gamble their money, because we should knows all investment specially trading is have high risk if laxk of knowledge and skills, so better to learnt well before investing.
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July 04, 2019, 05:46:07 AM
 #270

Trading can become a game, if only you have decided to treat it this way, but it can bring you additional income, I made this area for myself this way!

Trading can be your main source of income as well, that's possible if you are good in this kind of game.
If you consider this a game, consider this a high risk game like gamble where you need a capital or bankroll to start your journey.

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July 04, 2019, 08:33:59 PM
 #271

One way or another, not only gambling players, but also traders, may have an addiction.  This is already proven by science.  What aspects of human activity affect this is a completely different question. But really, a gamble is almost like trading, especially if at least once someone has received good results, he will look for an opportunity to repeat this result again.

Any work can be an addiction: workaholics know about it well. However, it is better to be addicted to something that really brings benefits and profits ( I mean trading). This is the best one of all possible useful addictions.
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July 04, 2019, 11:56:27 PM
 #272

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     
in some situation only everyone's decision and interest was changed I think OK it is a common thing that how everyone wants to leave their life if they are getting the profit in gambling then going on that will not be a problem but if someone think gambling is not better than trading then it is also their opinion.

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July 05, 2019, 12:51:57 AM
 #273

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     

The OP is from October.
But he has really set an example for every who were showing carelessness regarding to their own money.
When you trade,  it doesn't mean,  you will everytime make profit.
If you somehow don't concentrate and make the wrong choice while buying a coin,  then you gonna surely make a loss.
So always be careful and don't make any huge losses like the OP.
Good luck everyone.

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NathanJB
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July 05, 2019, 02:34:30 AM
 #274

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     

There has to be a step-by-step development process. One cannot possibly earn immediately without going through the necessary stages. First, one has to learn. This is the study, research, and understanding phase. And then you will proceed to the trial or demo phase. One can now try to trade, make buy orders, make stop loss, etc. This is necessary to get the hang of actual trading. From here, one can progress gradually into actual trading. 
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July 05, 2019, 02:54:49 AM
 #275

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     

There has to be a step-by-step development process. One cannot possibly earn immediately without going through the necessary stages. First, one has to learn. This is the study, research, and understanding phase. And then you will proceed to the trial or demo phase. One can now try to trade, make buy orders, make stop loss, etc. This is necessary to get the hang of actual trading. From here, one can progress gradually into actual trading. 
Good, one who aims to really succeed needs to study those principles and check it out if they can continue proceeding if emotions will not allow them to lose more money and if in an actual trading process they can make a good calls and not to let emotions to be followed during the trade.

You can have a sweet journey if you will do the research and the practice well, never to dwell when you are not ready yet.
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July 05, 2019, 04:39:41 AM
 #276

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     

Well, that actually most of the newbies did here mate, they don't know how to listened about the reminders of the old members here in the forum, then because of their stubbornness they always loss their coins in the end. But good to hear that you learned from your mistakes and
I admired you on that decision you've made now, so keep up the good work. 
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July 05, 2019, 06:23:37 AM
 #277

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     

Well, that actually most of the newbies did here mate, they don't know how to listened about the reminders of the old members here in the forum, then because of their stubbornness they always loss their coins in the end. But good to hear that you learned from your mistakes and
I admired you on that decision you've made now, so keep up the good work. 


Apparently, most people learns their lesson by experiencing huge mistakes and failures. I think that is the best teacher for me because when you got burnt, you will personally hate that feeling again so next time that you feel greed, you will resent it because it is a signal that you are losing control thus suggesting your brain to sell the profits you got before it is too late.
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July 05, 2019, 06:37:03 AM
 #278

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     

Well, that actually most of the newbies did here mate, they don't know how to listened about the reminders of the old members here in the forum, then because of their stubbornness they always loss their coins in the end. But good to hear that you learned from your mistakes and
I admired you on that decision you've made now, so keep up the good work. 


Apparently, most people learns their lesson by experiencing huge mistakes and failures. I think that is the best teacher for me because when you got burnt, you will personally hate that feeling again so next time that you feel greed, you will resent it because it is a signal that you are losing control thus suggesting your brain to sell the profits you got before it is too late.

Mistakes will surely make us learn many new things about the experience we face, yes, mistakes will surely help to retrieve those mistakes.
In this way, we will easily control our emotions by not repeating the same mistake every time, so we should think positive even though we lose because on one fine day the door might be open for us.
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July 05, 2019, 07:23:49 AM
 #279

Trading can become a game, if only you have decided to treat it this way, but it can bring you additional income, I made this area for myself this way!
I agree more if it is called speculation because it is not gambling, the rise and fall of crypto prices can be analyzed by observing internal and external factors. While gambling is just a guess.
So, crypto trading is the same as stock trading, only the format is different because it is done digitally, while the traded shares are goods and there are dividends given at the end of the year if the company listed on the exchange gets a profit.

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July 07, 2019, 11:20:28 AM
 #280

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     
Successful trading is not the merit of luck. Successful trading is the result of learning, skills and self-development. The one who in the trade relies on luck, he has already lost.
Therefore, never be lazy, learn, practice and self-develop, this is your contribution to your future.


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