Avoid trading unless you are sure of what you do

[Dewi Aries]

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

Little agree with this, because trading is addictive whether you lose or not. When you lose, you still curious to do it again and want to fix your mistake in old. And if profit you will want more than it. Just control ourself is something to good to do.

[Jesabela04]

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 certainly agree with you. It is really important that we'll know what we are doing. Having enough knowledge about trading is an advantage and is a big help for us to perform trading better. It would be a trial and error experience but learning things about it would be a big help and might result to a lesser risk.

[Nahl]

People has been already became an impromptu traders since bitcoin price high and they have just following people with buy more bitcoin because they had thought bitcoin price were not fall but because most of them doesn't have enough knowledge how to trading then when the price fall usually most of them will being panic and sold their bitcoin at cheap price and you says is true that for those who does not how to trading then they have to avoid it

[babysweetTiger0401]

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

You really have a point in that matter pal. If anyone is don't have enough idea or knowledge in trading better for them not to risk their coins to trade it in the exchange. Because if you know what you are doing in the platform for sure you will gain a lot.

[davinchi]

If anyone is don't have enough idea or knowledge in trading better for them not to risk their coins to trade it in the exchange. Because if you know what you are doing in the platform for sure you will gain a lot.

Trading is not a child play, if we're not careful enough then we will lose all our capital within seconds. Yes, trading is known for swallowing our money when we are not opening a trade with reason. I have tried many times blind trading and all those times I have learned big lesson by paying big fees.

Knowledge and experience are important factors, anyone must have before going for trading. These are more important for all types of trading but for crypto trading especially, we must have thorough experience along with sound knowledge so that we can withstand against highly fluctuating this crypto markets.

[ChrisPop]

Not everybody can be a professional trader. Remember that around 90% of traders end up losing money. In order to be successful you need to accomplish 3 things: master the art of technical analysis, be able to control your emotions very well ( a trader needs to be cold hearted) and have proper risk management. Good luck!

[Best Dreams]

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

Little agree with this, because trading is addictive whether you lose or not. When you lose, you still curious to do it again and want to fix your mistake in old. And if profit you will want more than it. Just control ourself is something to good to do.

And this kind of people earns finally because trying to be a trading master is all about us. People do mistakes but instead of being disheartened good is to learn from your mistakes and try again with more strength and passion. First mistake can be your next success but you will have to keep going even if you fall during walking as a trader for first time.

[kawetsriyanto]

~snip~ if in my opinion you better stop the job name like gambling, because it will make your life more difficult if it continues. ~snip~

He didn't mean saying the real gambling job. He just compared trading with gambling, and he think it has similarity if you don't have enough knowledge in trading. A trader needs to have sufficient knowledge and know well the market characteristics and condition.

[cokroalif]

If you are serious about becoming a trader, then you need a trading plan.
1 Assess your skills
2 Mental Preparation
3 Determine your level of risk
4 Determine your goal
5 Get ready for trading
6 Rules for Entry and Exit

[wuvdoll]

Not everybody can be a professional trader. Remember that around 90% of traders end up losing money.

No, anyone can be a professional trader if they are ready to dedicate some time for the preparations toward achieving the goal of becoming professional trader. Only 10% of traders are finding profits ? Then why we need to be here ? No, there are plenty of chances for everyone to be successful in trading, it would be around 50% of chances. You simply sound like mentioning about gambling as with gambling only there cannot be any professinal traders and 90% of gamblers are always facing losses.

master the art of technical analysis, be able to control your emotions very well ( a trader needs to be cold hearted) and have proper risk management.

These are possible for anyone over intensive practices rather than learning from books or through internet. Even learning is the first step, that will not help any trader, we must practice in real time to become professionals in crypto trading.

[arpon11]

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 for every one and you should have at strong as thunder before have to put your money into it.  Professionals traders makes 95% of the profits and for you to became a professional your must have spend many years in losing trade!  Don't think that we are not going to do bad in future as this is how this market was built.  Some people must been losing for others to gain.

[Indrawan77]

You dont necessarily need to avoid trading, infact trading could be the way to make extra income, but you need to have knowledge and you need to build your experience little by little, it could be by following group signal, or trade a famous coin with low amount, trading is like gambling if you don't know the basic, but once you know the basic and you got experience, its like gambling with higher winning odds

[Caladonian]

If you are serious about becoming a trader, then you need a trading plan.
1 Assess your skills
2 Mental Preparation
3 Determine your level of risk
4 Determine your goal
5 Get ready for trading
6 Rules for Entry and Exit

Good point, the selections will help you to understand things around this business, if you can enhance you can take your advantage, you always have a choice and you always need to control your destiny, don't be move by any manipulative moves coming from big whales, you have to be more precise achieving your goals and make things right each time you place your entry, expecting decent profits after exiting out to enjoy your stay.

[creeps]

Not everybody can be a professional trader. Remember that around 90% of traders end up losing money. In order to be successful you need to accomplish 3 things: master the art of technical analysis, be able to control your emotions very well ( a trader needs to be cold hearted) and have proper risk management. Good luck!

Proper preparations will make us good in trading, its not easy as we think because we have to do a lot of things. Emotion is big thing in trading because if you have a weak emotion then trading will be hard for you. Do not trade if you don’t know how to do it, stop depending to anyone and start trading on your own, in time you can be good in trading just have more patience and keep working.

[emberbekas]

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, the difference between gambling and trading can be very thin. If traders only follow their emotions for every action they take, then it is more like gambling. Traders must be able to control themselves even in any situation. Their target must be clear from the start. The decline and price increase are very reasonable in crypto currencies. And it's impossible to see our investments always grow over time. On several occasions we will see our asset value decline.

[milewilda]

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, the difference between gambling and trading can be very thin. If traders only follow their emotions for every action they take, then it is more like gambling. Traders must be able to control themselves even in any situation. Their target must be clear from the start. The decline and price increase are very reasonable in crypto currencies. And it's impossible to see our investments always grow over time. On several occasions we will see our asset value decline.

These situations are inevitable actually yet even if you are already a professional there are really some circumstances that would really put you into these gambling-like decisions.
I dont believe that each trader or pro's didntt able to experience such situation.Trading is very unpredictable and its always been its nature but well we should really do our best to make
our actions not to be like as a gamble.Always prefer with your risk management.

[St4yInTh3D4rk]

Think of trading only if you are in need of that,it can be considered as job but you also need to have some other kind of income to survive your life when the market is bad.You can try trading only you know the basics and proper knowledge about the market condition which can get benefit on your side but still yes its like gambling so you need to look for small profits with more number of trades other than waiting for big profits.

[cryptocointrade.com]

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

[enhu]

The only way you can be sure of in trading is that when you get buy a coin where its price is less than a cent and then wait for the price to spike up. That's is a sure way to profit but if you trade like dump because the price already shoot up and then waiting for the price to dip again can be tricky.

[DigiPiglet]

To follow the poker analogy:

- Size your positions right (bankroll management)
- Be aware who you are playing against (most traders are bots/algorithms - hard to beat)
- Don't FOMO-trade (tilt)
- Never stop learning (applies to everything )