Avoid trading unless you are sure of what you do

[lemipawa]

I do not know and I also do not want to compare trading or gambling (poker or something). In my opinion it really needs management in trading both risk, information, strategy and analysis because we need it all so we are sure about what we will trade.

You can but you shouldn't since you gain money from Gambling and Trading in different ways. You gamble, you put your money on Red on roulette, your money will earn if the ball lands on Red. You still earn even when the ball lands on Red and Bitcoin/Altcoin price is down. In Trading, if you know already that the market is all red, you have the choice to continue at your own risk despite the flags that was given to you. In gambling there is no flag, because your winning is based on chance.

[1714778064]

1714778064

[manggis97]

Yes don't spend times for trading if you don't have skill about risk management and trading plan, because trading without it will become the same like gambling. Trading will be become good business if you have already enough knowledge to manage the risk. So learn more first how to manage the risk and then you can start trading.

[anume123]

As I know trading is most likely a gambling very addictive and low % to win but it depends on the price also crowd control of the price if gonna pump or dump. But trading much better on gambling sites.

[Ewinsane]

As I know trading is most likely a gambling very addictive and low % to win but it depends on the price also crowd control of the price if gonna pump or dump. But trading much better on gambling sites.

I guess you are talking with respect to current market situation but we can be sure about drastic changes in markets in coming months and then trading will be another income stream like how it should be.

Due to negative market conditions, many traders have lost their faith and capital and looking forward for some other field for their survival and this is the reason why whales are still able to control the markets. When more number of traders will be joining then whales will lose their power. We need to introduce cryptos into many people so that we will be having a balanced system.

[TradingIsBreath]

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

Absolutely, If you are beginners getting directly on trading can cause a huge loss. If you want to learn then there are testnet available for practice and you can also follow good traders and also articles study how too use Technical Analysis tools and then jump into trading.

Trading is a very stressful process and parallel to which its a addictive thing. There are people who have traded even after facing losses. Other fact is that there is no trader who has not faced losses. Thus, Loss and gain are part of the game. Read how to use technical tools understand, start using them and then have your own strategy on which you can completely rely on.

Technical analysis for your reference: https://coinswitch.co/info/technical-analysis-for-beginners-detailed-guide-on-technical-analysis

[ajaymukund]

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

Yes, don't make investment a game of chance. A lot of people told me that investing in the crypto market or in the stock market is a game of chance. We cannot get the exact analysis. they were wrong.
we have to prove to them that all have a significant percentage of success and a percentage failure. When we have a slightly higher percentage of winnings, make a big investment. Be sure and confident about your investment and show people that investing is not a chance game.

[Malamok101]

Trading is very risky for me also those days that dump and  don't know what they doing in bear market season. Like a gambling don't know if going down or up the price of each coins but its a normal at this days we move up to 2019.

[fibrolit]

I would not compare gambling with cryptocurrency trading. In gambling, you rely more on your mind and Analytics than on luck. There is almost no Analytics in cryptocurrency trading,99% is luck.

[Dreamchaser21]

I do not know and I also do not want to compare trading or gambling (poker or something). In my opinion it really needs management in trading both risk, information, strategy and analysis because we need it all so we are sure about what we will trade.

Trading is not simple as gambling, because you spend sleepless nights in order for you to produce a good guidelines for your trading. Avoid trading if you are not knowledgeable about it, keep making yourself better before you trade, this is for you own sake so you can save money.

[hahay]

Only with sure, in my opinion is still not enough for you to make a profit, experience and knowledge are the most important and then let luck find results for you, because you equate trade with gambling, while gambling is pure luck. If you have had previous experience whether it's good or bad, at least you can make the experience a lesson so that you will be better someday.

[Forbiddenone]

It is common to have losses and there will a time in trade where your losses will big , of course you can't just always has profit.but I think many trader are thinking in Fiat value rather than increase their btc which is short shighted,btc value will be big in coming years so it is prefer to increase quantity rather taking fiat profit.

[emmybd]

It is true that without getting sufficient knowledge and experience one shouldn't actively do trading, as it wouldn't be profitable, you have to suffer losses. So, at first, one should concentrate on gaining information and knowledge and then do trading.

[yvesp110]

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

I think it was good that you managed to quit

According to me you did not do well because we are really hopeful market will rise very soon so that time holding will be a good option.  It’s really good to know what actually trading is because there are so many meanings of it. Try to polish your trading skills with help of careful experiments but not to quit in any situation.

[jonaire99]

Every newbie need to equip himself with proper knowledge on trading like technical and fundamental analisys before doing it in actual trade. Even the experienced traders still loses some trades ocassionally, newbies should always prepare whatever the result of their trades. Good traders continue to improve their skills even they had already years of experience in trading.

[bitbunnny]

That is the first condition for everything, not just trading. Be aware of what are you doing and the possible consequences.
The big mistake many people make is that they think trading is easy job that will make them rich over night and they don't need any kind of knowledge for that, only some luck. Of course that is not true and very soon they get disappointed and quit trading. So it's very important to understand the market, how it's functioning and what are the rules. Good and dedicated traders are aware they need to learn all the time and market could still surprise them. Also, you should be aware that losses are always possible.

[Dudeperfect]

If a person has calculated risk analysis before putting money into the crypto market, it is called trading but if the person is just blindly throwing money into the market with foolish expectations then it is none other than gambling. Like it is always recommended to newbies, don't invest more than your loss-bearing capacity and start doing on research instead of blindly relying on others opinion or tips. Even a mistake is not a mistake in initial days and trading at lower levels helps to gain experience that helps later to the trader.

[Dondont]

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

in fact, it also differed in views for some people, when a bearish market might start many people stay away from trading at that time, but also it can be used by several other people to get at the lowest price even though not all coins succeed. I am sure only 80% of people know the purpose of their trading at the time, but the market cannot be predicted so we cannot blame it personally

[Kahoy01]

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

Trading is not gambling that needs pure luck, in trading of cryptocurrencies you should consider skills. You cannot earn profit in trading if you do not have technical analysis skills and also trading skills. The reason why many people losing their money in trading is because they making investment even they do not have enough trading skills.

[semobo]

Every newbie need to equip himself with proper knowledge on trading like technical and fundamental analisys before doing it in actual trade. Even the experienced traders still loses some trades ocassionally, newbies should always prepare whatever the result of their trades. Good traders continue to improve their skills even they had already years of experience in trading.

but they also need to have enough capital to survive the market until the learning process complete for some people it will be very quick but the normal people who are just entered into the crypto market will take much time so just only invest very small amount and learn the crypto trading then only invest more money to start your crypto trading and make profits with it.

[Nasty23]

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

Trading is not gambling that needs pure luck, in trading of cryptocurrencies you should consider skills. You cannot earn profit in trading if you do not have technical analysis skills and also trading skills. The reason why many people losing their money in trading is because they making investment even they do not have enough trading skills.

I agree, trading is not a gambling because different strategies and skills in trading would help you to earn a profit and minimize it's risk. If you have a proper knowledge about trading different cryptocurrency you would not have to worry about the luck because you have an ability to overcome those losses and converting it to gaining a profit by using your own skills and abilities in trading cryptocurrency.