Trading is like more like gambling if...

[As-Soon-As]

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!

Trading is inherently risky, so beginners must be careful that before entering trading, they must first control their greed. Because if they trade without proper research and skills, their capital will definitely be at risk, so they should never enter trading with excessive risks. Therefore, knowledge, skills, experience and research make trading more powerful for every field, and provide assurance for profit in trading, so every new person must keep these things simple.

[alankasman]

...

Trading is inherently risky, so beginners must be careful that before entering trading, they must first control their greed. Because if they trade without proper research and skills, their capital will definitely be at risk, so they should never enter trading with excessive risks. Therefore, knowledge, skills, experience and research make trading more powerful for every field, and provide assurance for profit in trading, so every new person must keep these things simple.

However, many people still trade even though it is inherently risky. However I believe that they understand how to do it so they won't experience the risks. I also assure them that they don't want everything they do to encounter risks. Therefore for those who trade they certainly understand how to control the greed that leads to significant losses in trading.
I also think that everything we do will always involve risk especially when it comes to trading, this has become the main thing for those who do it so the main thing in controlling it is that we must have knowledge mastery and precision so that we are able to do it well based on our experience which so far has sometimes been able to master our journey in carrying out the areas that are our priority as the main actors in providing guarantees with a sense of simplicity.

[JeffBrad12]

Well, honest experience trading feels a lot like probability game and technical analysis can help but not as much as you think.
To me, then most important is to know when is the best price to buy and sell. By buying at the bottom you'd be outperforming majority of participant in the market because you have better chance of making profit from bounce.
You can use EMA, RSI, bollinger band, or anything but it all comes down to finding undervalued asset or overpriced asset, trade on it and wait until price coming back to normal.

[Mpamaegbu]

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!

You aren't entirely wrong but then that isn't the true picture, especially with what I captured in this quoted paragraph. The purpose of trading is to make money, right? Even though I believe in one acquiring set skills for trading before setting out, if a noob trader gets a professional and profitable trader who supplies them signals; they're equally good to go as they will also be making money. It only becomes an issue when the person providing signals to the newbie isn't experienced and profitable. It then becomes gambling for the person relying on their signals.

[justdimin]

One may not possess excessive analytical skills and still can trade like not a gambler, they just need a common sense and strong with the basics of trading, which is buy low and sell high. Learning about trading skills and strategies are good and you can always watch others not to do what they are doing but to learn from their mistakes because those are the lessons that keep us from loss while learning the valuable lessons about trading.

As they say, it's easier said than done. When you say that one doesn't need excessive or extensive knowledge to become a trader because all they need to do is buy low and sell high, you basically don't understand how difficult it can be in general, because buying low and selling high normally can only work for long-term investments if it's being done without much FA and TA, because when you have long-term plans, short-term volatility won't matter for you because you will keep holding until the price crosses the point at which you bought, and then you will sell, but when it comes to trading, and short-term, then it is not that simple, because you can't just know magically whether the price is currently low and it will go up from there or it is going to go lower.

If trading was this simple then I'm sure every single person that gets into trading would be profitable, but no, those with basic knowledge about trading, such as knowing they need to buy low and sell high, they struggle in trading because when they buy, thinking it is low now, the price goes down more, because they didn't do any analysis, and they don't understand patterns or charts or indicators, they are just making guesses, and you can't always make profits from making guesses. It's basically like gambling if you are doing it that way, so OP is right.

[Wind_FURY]

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.

The point is, EVEN if PLEBS like US take trading courses, do our research, and try to "trade" - The result will STILL be the same. We PLEBS will still lose our precious capital to professional traders who have more capital than us and more technical knowledge than us. They also have an army of trading bots that automate their trades.

 

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.

Let me ask a question for you as a fellow PLEB. Have you done ALL of your research in trading? Do you believe you will be rich through trading merely because you have done your "research"?

We have a higher probability to make money through HODLing Bitcoin.

[Ayers]

Well, honest experience trading feels a lot like probability game and technical analysis can help but not as much as you think.
To me, then most important is to know when is the best price to buy and sell. By buying at the bottom you'd be outperforming majority of participant in the market because you have better chance of making profit from bounce.
You can use EMA, RSI, bollinger band, or anything but it all comes down to finding undervalued asset or overpriced asset, trade on it and wait until price coming back to normal.

Trading is classified as a financial field, but if we look at it honestly, it is also the nature of a probability game. Technical  and fundamental analysis are essentially just supporting tools that help improve the odds of success. They cannot help us completely  eliminate risk or guarantee the expected result.

Trading is not a job like engineering,  programming...where you just need to be diligent, constantly learning, and accumulating experience can guarantee success. This is something many people do not understand, and it is a common misconception.

Trading is not a normal job, but a probability game.

[dwyane36]

Well, honest experience trading feels a lot like probability game and technical analysis can help but not as much as you think.
To me, then most important is to know when is the best price to buy and sell. By buying at the bottom you'd be outperforming majority of participant in the market because you have better chance of making profit from bounce.
You can use EMA, RSI, bollinger band, or anything but it all comes down to finding undervalued asset or overpriced asset, trade on it and wait until price coming back to normal.

Sometimes various indicators can help you find the optimal entry point, but they’re not a magic bullet.
When it comes to alts, it makes sense right now to look for those that show little to no movement for several months after listing, and then surge sharply. This happens periodically with alts where the majority of the supply (90%+) is initially concentrated in a few hands. However, the problem is that there is no indicator for when it’s best to enter such altcoins.

[goldkingcoiner]

Trading is only gambling if you have no idea what you are doing.

While I agree that hodling is really the best option for like 99% of people, there definitely do exist traders that make money. I have been making money in trading but the profit margins are so low it would be more profitable to spend that time on a job or side hustle. But there are people that can make larger profits. How they do it, I have no idea but they spend years, even decades studying TA/FA.

[joeperry]

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!

Yes that is true, if you are new and just follow other people's trade or just following hypes or trending coins you're just gambling with your money since you have no idea what are you doing and just hoping for the best outcome which is like in gambling where you just place a bet to something and pray that the result is positive. Now, even if you did some research, you can't really do anything with whales or institutions manipulating the market, the best you can do is choose a coin with high trading volume to avoid it such as Bitcoin, Ethereum, or coins from the top 20 in the CMC.

For newbies and actually for some traders who doesn't have enough experience or learning. I suggest to join trading groups where traders shares their insights about the market and their perspective instead of just sharing the signals, I sometimes read on TradingView: https://www.tradingview.com/ideas/ and honestly I get some good perspective there on how to approach or look at the market.

[Perfectbaby]

Trading is only gambling if you have no idea what you are doing.

While I agree that hodling is really the best option for like 99% of people, there definitely do exist traders that make money. I have been making money in trading but the profit margins are so low it would be more profitable to spend that time on a job or side hustle. But there are people that can make larger profits. How they do it, I have no idea but they spend years, even decades studying TA/FA.

Those who are making through trading work and disciplined themselves while trading and they have gone to any lengths just to make sure they recovered what they had lose or spent at the cost of learning it. At first people should try to control their thoughts about money while trading. It's better to know everything and got used to the market before they could start looking at how much they would be making from trading you see them indirectly getting disappointed because they so much love easily money or where to join and make quick profits. For me, trading is not a year learning because they can't also tell about the market next reaction or actions.

[Awaklara]

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!

It’s true that we often see traders gambling in the market. Just because you have knowledge of analysis doesn’t mean you’ll avoid losses. In fact, we see many novice traders who simply follow trading signals. I’ve been in that position myself, essentially betting my own money on signals I believed would generate profits. I don’t condone that approach, but as a beginner, you’ll inevitably feel the urge to make a profit quickly. It’s not about the process of trading, but about wanting to make money from trading. Or, as I might put it, gambling.

[Dewi Aries]

Trading is only gambling if you have no idea what you are doing.

While I agree that hodling is really the best option for like 99% of people, there definitely do exist traders that make money. I have been making money in trading but the profit margins are so low it would be more profitable to spend that time on a job or side hustle. But there are people that can make larger profits. How they do it, I have no idea but they spend years, even decades studying TA/FA.

Exactly. Only when you don't know what you're doing can trading be called gambling. Every decision must always be based on clear reasoning and measured in terms of risk. However, if you're simply guessing and waiting, that's clearly the same as gambling.
The spot market is indeed safer, but your patience will be tested there due to the low profit margins, as you mentioned.
Traders who achieve significant profits undoubtedly have extensive experience, and even then, they've undoubtedly endured much pain and failure along the way.

[Findingnemo]

One may not possess excessive analytical skills and still can trade like not a gambler, they just need a common sense and strong with the basics of trading, which is buy low and sell high. Learning about trading skills and strategies are good and you can always watch others not to do what they are doing but to learn from their mistakes because those are the lessons that keep us from loss while learning the valuable lessons about trading.

As they say, it's easier said than done. When you say that one doesn't need excessive or extensive knowledge to become a trader because all they need to do is buy low and sell high, you basically don't understand how difficult it can be in general, because buying low and selling high normally can only work for long-term investments if it's being done without much FA and TA, because when you have long-term plans, short-term volatility won't matter for you because you will keep holding until the price crosses the point at which you bought, and then you will sell, but when it comes to trading, and short-term, then it is not that simple, because you can't just know magically whether the price is currently low and it will go up from there or it is going to go lower.

If trading was this simple then I'm sure every single person that gets into trading would be profitable, but no, those with basic knowledge about trading, such as knowing they need to buy low and sell high, they struggle in trading because when they buy, thinking it is low now, the price goes down more, because they didn't do any analysis, and they don't understand patterns or charts or indicators, they are just making guesses, and you can't always make profits from making guesses. It's basically like gambling if you are doing it that way, so OP is right.

I am not disagreeing with the fact, but what I said it is still possible to trade without possessing the analytical skill. Even with all the TA still day traders still lose because of the fact that there are too many factors that are affecting the price movement, so no matter how accurate their predictions are they may still not be able to find the perfect entry/exit points all the time. So it's just better to be a long term trader rather than a day trader because of the fact the returns are the same with a huge difference in the efforts needed.

[shawonngp]

I agree with you, there is a difference between trading and gambling, but for those who start trading without any basic knowledge, and those who do not have the slightest idea about risk management, trading must seem like gambling, because they cannot identify which coin looks promising and which coin is bad, they just follow other people's signals blindly, it's absolutely gambling. Crypto trading is research-based, and gambling depends on luck. So trading requires a lot of learning and market analysis, and demo trades can be helpful. I think that not only newbies, but also those who have been involved in the crypto market for a long time, trade on paid signals because they are not interested in doing their own research.

[ndutndut]

Trading becomes gambling if you trade without knowledge, risk management and discipline. Even if you trade with knowledge but without discipline, it's still considered gambling. Therefore, trading requires combining all these aspects. Only trading with knowledge, combined with risk management, discipline and experience, can be considered true trading. Many people lose money trading not because the market is constantly fluctuating, but because they enter without any trading knowledge. Trading education is the most important and powerful skill to have to prevent trading from becoming gambling.

Because if you simply follow other people's signals without understanding, you will automatically fail to profit because you are simply hoping that the signal from that person is correct. This is pure blind speculation and it's the same as gambling on a roulette table or slot machine. Sometimes you win sometimes you lose and in the long run this is not good for your trading because it can cause you to lose money.

[Questat]

The essence of trading and learning on your own is lost when you start to trade following other people's signals, because it seems like you trade like gambling and depend your luck and success to those who come first and become successful prior to your future success in trading.

Let's be realistic, no good trader turns out trading relying to other people. You trade on your own and learn from your own mistakes and lapses, because that will turn out later to be your strength and asset in trading, while those who trade like no security start trading like gambling, and there's no guarantee that signals that work for them will also work the same on your own trade.

[Maslate]

Those who jump into trading with lack of knowledge and experience are automatically considered as traders like gamblers. Why? Because trading is known hard and risky, now if you find yourself still trading without long term preparation, then what are you up to? Don't tell me that you're trading to make profits, because obviously no trader ends up profitable even when they are clueless on what they are doing.

Surely they are only trading while hoping to be lucky on their trades and would still aim to make decent profits, and that's exactly what gambling is.

[juttsab@]

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). If one doesn't know the best way of doing research, and really doesn't know how to check whether the project is good or bad, in which he is going to open trade. I really believe that if one wants to start their trading journey, then one should keep learning more and more, and the more knowledge one has learned, the less they should consider it. Knowledge is the power in the trading space because of the unpredictable behavior of the crypto market.

In trading space, if knowledge fails due to unpredictable behavior of the market, where big whales and manipulators plays thier big role to trap the traders. Besides this, FUD also plays its dangerous role to trap the traders many times, as manipulators spread FUD using rumors and wrong news on social media platforms like X, and sometimes they use big accounts to spread wrong news to trap the traders, so that investors believe the news by looking at the level of the account. Trading is not easy, in my opinion, if you are bad at research.

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 you are right Blindly following a Telegram or Discord "signal group" is crypto gambling. It's not trading it's more like subscription fee we pay every month to the guy who is running a group. First they full bags of theirs and than they send signals to us and at that time these signals means nothing. But  purely relying on FA and TA can be a massive trap .Crypto is not traditional market. Doing FA on any token with zero real-world utility is just like reading brochures written by the developers to trick you. And TA is completely thrown out of the window when some big whale sell their coins and full his bags. If we don't do our own research and understand things than we are just playing against algorithms.

[GeorgeJohn]

Trading is only gambling if you have no idea what you are doing.

While I agree that hodling is really the best option for like 99% of people, there definitely do exist traders that make money. I have been making money in trading but the profit margins are so low it would be more profitable to spend that time on a job or side hustle. But there are people that can make larger profits. How they do it, I have no idea but they spend years, even decades studying TA/FA.

I agree with you, someone who concur that trading is a gambling, is someone who doesn't have the basic idea of trading...some people does not know that trading is a skill and if you dont concentrate and derive a means that will favour you in trading, you will not make a profit from trading, some of us doesn't know that....in trading it has to do with consistent learning and practice and it's like gambling...