Trading is like more like gambling if...

[cryptoaddictchie]

So, if you are the one who is a newbie or new in the crypto space, or you are following someone's shared signals and starting trading without learning or getting knowledge, then you are not doing trading; you are gambling with your funds. What do you guys think about this? CMIIW!

Thats a very common mistakes by newbies. No one wants to jump in trading empty handed. Yes theres signal and some kols or famous one who we can follpw on what to trade but not all of them are good and honest when it comes to helping newbies. Some are just taking advantage them and making them as food as viewers for their channel or potentially an exit liqudity.

[jcojci]

Learning more will be the key as the crypto market running 24/7 without stops. If they just follow others prediction, that will difficult to them making money and instead of making money, they might lose money and hard to get it back or even profits.

Don't do other people mistake so you need to have skills and still learning because that is the key if you want to make a profit. Trading is not easy so you should focus learning trading and don't overconfident with your skills.

If you have skills, you can't stop learning because the market will make different pattern so keep learning will be your key to succeed in trading.

[YOSHIE]

Trading is like more like gambling if...

Crypto trading is often considered just gambling, if the user himself does not understand and ignores some of the pure speculation used in crypto trading, in essence trading can turn into gambling if the user makes blind speculation, just guessing the pricerandomly and so on.

But if you treat trading in the crypto market with knowledge of technical or fundamental analysis, I am sure users will trade professionally and successfully, likewise if users do not use leverage trading methods which can be high risk forthe user himself.

In the world of trading, you need to consider and also choose and use coins, where you can set a good stop-loss strategy for your trading crypto assets, so that crypto trading is no longer a gambling system for you, In fact, it will make trading an investment activity for you to do, trading will turn into gambling and investment depending on how you do it.

[Lida93]

Over my many years in the crypto space, I have experienced that trading is more like gambling if one does not have sufficient knowledge about FA(fundamental analysis) and TA(technical analysis).

A trader can have knowledge about technical and fundamental analyses but still be losing, the most important thing that traders does it have is patience.

Patience is actually important for a trader to have but how to utilize your patience is another skill altogether, how many traders are winning with all the patience?! because if you don't know what you're being patient for ever in continuous losses. So what am saying is that if as a trader with good technical and fundamental knowledge and yet you still go into losses, why not the trader divert that time you would be exercising patience on trading while losses are counting into long term bitcoin investment

[GreatArkansas]

Trading is like more like gambling if...

Crypto trading is often considered just gambling, if the user himself does not understand and ignores some of the pure speculation used in crypto trading, in essence trading can turn into gambling if the user makes blind speculation, just guessing the pricerandomly and so on.

But if you treat trading in the crypto market with knowledge of technical or fundamental analysis, I am sure users will trade professionally and successfully, likewise if users do not use leverage trading methods which can be high risk forthe user himself.

In the world of trading, you need to consider and also choose and use coins, where you can set a good stop-loss strategy for your trading crypto assets, so that crypto trading is no longer a gambling system for you, In fact, it will make trading an investment activity for you to do, trading will turn into gambling and investment depending on how you do it.

Basically, it's gambling if you just randomly press buy/sell buttons without knowing what's gonna happen or the reason why you buy or sell, like analysis.
I agree with it, it's kinda irresponsible gambling. Trading without understanding the risk management, market structure, and what you're buying/selling is closer to gambling than investing or making money on desiicplined trading.

[macson]

So, if you are the one who is a newbie or new in the crypto space, or you are following someone's shared signals and starting trading without learning or getting knowledge, then you are not doing trading; you are gambling with your funds. What do you guys think about this? CMIIW!

Yup, that's gambling. If you don't have any knowledge of TA and other trading matters, and simply rely on other people's signals, you're essentially gambling on whether those signals will be correct or not. Using signals isn't inherently wrong, but at least you understand the analysis and don't just follow it without a clear understanding of its meaning.

[Wind_FURY]

Over my many years in the crypto space, I have experienced that trading is more like gambling if one does not have sufficient knowledge about FA(fundamental analysis) and TA(technical analysis).

--SNIP--

I'm sorry, ser but let me stop you there and READ THIS,

90% of Day Traders Lose Money — Here’s the Brutal Truth Nobody Tells You

The Numbers Don’t Lie (But People Do)

Different studies show failure rates between 80–95%, but here’s what’s really happening:

The 6-Month Reality Check: Most new traders blow their accounts within six months. Not break even — completely lose their capital.

The 5-Year Survival Test: Less than 5% of day traders are still actively trading (and profitable) after five years.
What “Failure” Actually Means: We’re not talking about having one bad month. We’re talking about losing money consistently until there’s nothing left to trade with.

But here’s the part that hurts: these statistics include people who took courses, followed “proven” systems, and bought expensive software. Education alone isn’t enough.

https://robert-rother.medium.com/90-of-day-traders-lose-money-heres-the-brutal-truth-nobody-tells-you-19533a4b5b43

  ¯\_(ツ)_/¯

We're mere PLEBS, and we should accept that we're mere PLEBS. We should merely buy one of the best assets AND HODL it. Because we're members of BitcoinTalk and a part of the Bitcoin community, then that asset is ONLY Bitcoin.

[henmark]

Standard trading rules: find the coin > perform both analyses > place the order. Beyond that, it's not even gambling; it's outright stupidity. Gambling still offers a fairness that must be applied even if people are betting blindfolded.

Isn't buying at the lows and then selling at the highs were the true standard rule of trading? Also before we ever find a coin, we also need to perform an analysis, in order for us to pick a worthy coin. Beyond that is truly like a gambling, as we may pick up a wrong coin but just like in gambling, some can still get lucky on it, that the coin that they have picked up have still pumped up.

I won't judge them pretty quickly though and say that they are stupid because  just like on the real gambling, they might only be passing the time trying their luck. Besides, they can still learn from their experiences if ever they decided to make things seriously this time.

[Junii]

What do you guys think about this?

Yes you are 100% right and i agree with you. The one thing that is like a wall between gambling and trading is psychology. Many peoples opens a trade due to fomo and when they see that the portfolio becomes red they close the trade by breaking his own rules. Even majority of the times there prediction is right but they still lose because of psychology. The second thing is risk management i see many peoples whose  prediction is right about the market but still they are in loss because before hitting his stop loss by market they gets liquidated due to high leverage and any other risky factors. What i am trying to say is a trader knows what he is doing and why he is opening a trade while a gambler doesn't know what the f**k they are doing they ignore the psychology and risk management and just open a trade with just because there guts told them to open a trade and then they prayed to GOD to hit there Tp and they get a dopamine buzz.

[snowpega]

I'm sorry, ser but let me stop you there and READ THIS,
...

Hi there!

I am failing to understand what you want me to stop, dear? Is my point of view wrong? Like, I have read your share quote that is also what I am saying, like according to analysis and reports, 90% of the traders lose or wash their portfolio, and there may be the same reason what i am saying in OP, maybe. Many just jump directly into the trading space and start following other signals without doing their own research, and this way, they lose all their money. That is why I feel it is gambling, not trading.

Another fact is that the person whome signal they are following as a newbie, at the majority of the time they don't even know them. So, in such a case, this is 100%, gambling mate. Because it's our funds that we have earned after struggling, and using it this way is not a good thing in my point of view. We need to understand that we need to learn the best way of research for the best survival. I also know that fact that knowledge sometimes also fails because of unpredictable behavior of the market, but knowledge can be helpful in many cases.

Like we can follow a risk management strategy, we can use stop loss filters so that we don't lose all our money in a single trade. That is why I am saying if one doesn't have much knowledge about trading space, then he is more likely to be gambling, and he should focus on learning more. Besides this, you are saying very correctly, as we are the horses of long-term races in holding bitcoin, and where BTT is playing a leading part in giving me good knowledge about many things that I didn't know.

[AakZaki]

So, if you are the one who is a newbie or new in the crypto space, or you are following someone's shared signals and starting trading without learning or getting knowledge, then you are not doing trading; you are gambling with your funds. What do you guys think about this? CMIIW!

There are many factors that are called gambling trading, including:

• Those who trade based on hunch, rumor or go-along.
• Those who expect big profits in a short time without analysis.
• Those who trade futures with high leverage just for the thrill and opportunity of big profits.
• Those who overtrade to chase losses are commonly referred to as revenge trading.
• Those who always think trading is a game of luck.

For example: When they see a coin that goes up 50%, then they buy without knowing anything about the coin project just because they expect it to go up to 100%.

[Odusko]

So, if you are the one who is a newbie or new in the crypto space, or you are following someone's shared signals and starting trading without learning or getting knowledge, then you are not doing trading; you are gambling with your funds. What do you guys think about this? CMIIW!

Yup, that's gambling. If you don't have any knowledge of TA and other trading matters, and simply rely on other people's signals, you're essentially gambling on whether those signals will be correct or not. Using signals isn't inherently wrong, but at least you understand the analysis and don't just follow it without a clear understanding of its meaning.

There is no need trading if you are not going to at least put in some efforts to make your own analysis and come out with a clear line of action to execute your trade without risking your bankroll, I use bankroll since we are discussing trading as like gambling which both have to do with accurate risks management and bankroll servicing, don't trade based on another traders own signals sometimes they are just serving you with they piece of shit that won't work out in the end.

[Y3shot]

If you are trading without any form of knowledge it means you are gambling because at this point you are completely relying on luck. I know being lucky us involved in trading but it doesn't make sense when one completely depends on luck in trading, it actually one is not even trading but trying to make money by all means. Trading is risky and complex and if you really want to do well knowledge should be the first priority because it determines if you will hsve good results in trading.

[Hamza2424]

So, if you are the one who is a newbie or new in the crypto space, or you are following someone's shared signals and starting trading without learning or getting knowledge, then you are not doing trading; you are gambling with your funds. What do you guys think about this? CMIIW!

Yep that's how we should be learning trading bro because if we are not good at anything but are good at reading people and their intentions by looking at their titles, posts, and videos, then we are good, although titles can be a lot worse and deceiving so never finalize your verdict on the basis of titles.

Speaking of fake news or something that is bad but covered by the media in a positive way, it can be deceiving but detecting it is much easier. With a little knowledge we can easily identify if the news is fake or not, and with AI we can verify news more easily because the world is changing and if we are not using AI to speed up our manual work then we are making a huge mistake.

[Dr.Bitcoin_Strange]

You are very accurate, mate, having a good knowledge in trading can help a trader to become successful but that's not just the only factor that can make the trader unprofitable, we have greed in trading, just the way we have gamblers who are greedy and can not stay profitable after one or two trades for that day because they will always be driven  by greed to always chase more wins and along the line, they can lose and then start chasing losses, we can not be very accurate in predicting the market all the times, so any time we experience losses, we should accept it because that's part of trading, you must lose. Lastly, a trader who have Desperation of making wealth over night will fail terribly because trading is not even a get rich quick scheme.

[Botnake]

Even with utmost knowledge, trading can still be more like gambling if you consistently lose in the market because of chasing quick profits and trading with high leverage. Trading values more skills and experience, while gambling is purely luck-based.

If you trade like you are waiting for somewhat luck to make you profitable especially that you are risking money on an uncertain, future outcome, then that's no longer different with gambling. Although both involved risk, but if you trade without taking calculated risk, you are just like others who are into gambling.

[terrific]

Yup, that's gambling. If you don't have any knowledge of TA and other trading matters, and simply rely on other people's signals, you're essentially gambling on whether those signals will be correct or not. Using signals isn't inherently wrong, but at least you understand the analysis and don't just follow it without a clear understanding of its meaning.

That's a terrible thing to do when a trader relies on the signals.
They'll soon find out that it's not the best idea and strategy to rely on them.
It's a real gamble in there and they'll even fight for that to justify that what they do is just normal and it's best for them not to learn further on their own.
What they think is they need to learn quickly and not slowly when they trade. The best traders learned the hard way and went through a lot of losses first before winning.

[rat03gopoh]

Isn't buying at the lows and then selling at the highs were the true standard rule of trading?

The goal of trading is to achieve that standard with a high probability. but in reality, it's not that simple because market volatility is always moving freely. If someone experiences more losses, there's no reason to continue trading.

[Floczy]

We're mere PLEBS, and we should accept that we're mere PLEBS. We should merely buy one of the best assets AND HODL it. Because we're members of BitcoinTalk and a part of the Bitcoin community, then that asset is ONLY Bitcoin.

Buying and holding asset is one thing, trading is another on its own.
One can hold and still be trading anyways, meanwhile I understand you consern of how bad the success rate of trading is, but at the same time people still love doing it, not because they want to loose money but because they want to get better enough to be among the little 10%,
You know Evey one has what they do and they are aware of the risk involved, and it is also good to point out how risky it is as you just did, but if they still keep on doing it even with the understanding of the risk involved, I think it's enough to understand that they See what am outside person don't. And they should try it out if it doesn't work for them they can always stop.

[Jatiluhung]

Trading will definitely fall into gambling if you do not know what you are doing. Knowledge alone won't be sufficient enough, you have to practice risk management, trading psychology, and most importantly a defined trading plan and edge.

Now if you have started building your own experience, that will determine your key to succeed in the future. There's no instant with trading, like gambling does, but long term success in trading is way more valuable and profitable compared to one big win in gambling.

Trading does indeed require hard work and continuous learning from experience. Everything must be carefully considered with sound financial management. The risks taken must also be strictly aligned with disciplined and effective risk management. Most importantly, never expect to make huge profits right away in trading, because consistency is far more important. Consistent small profits are far better than a single large profit. And well, the hardest part of trading is keeping ourselves from getting carried away by excessive psychological pressure that leads to greed, and not relying solely on the hope of getting lucky. instead, everything must be done with thorough analysis and well-thought-out strategies.