Trading is like more like gambling if...

[Wind_FURY]

If you enter the market thinking you'll make money easily and quickly, it's like thinking with the mind of a gambler.

There are ways to study an investment; we have access to the history of the companies or projects we intend to invest in; we don't depend on luck. Investing is completely different from gambling.

But even if you, as a fellow PLEB, enter the market believing/thinking that you'll make money after "studying an investment", it's like you believe that you know what you're doing, BUT you actually DON'T KNOW.

We're mere PLEBS who will never win against those professional traders who have more capital than us, more skills than us, and who has an army of bots deployed against us.

[Perfectbaby]

To be frank trading is more dangerous than gambling as gambling deals with more precision like if you can get how the team plays their previous matches and if you are able to know this it would be that better for you to book them. But in trading, even though you do your analysis and also fundamental analysis you would see that the market circumstance would have to change everything there because news can actually influence the market to change direction even after doing those your analysis. This is the reason why most traders regularly lose money while trading because they can't predicts how the market overly function or reacts at the first place.

[r_victory]

~snip

But even if you, as a fellow PLEB, enter the market believing/thinking that you'll make money after "studying an investment", it's like you believe that you know what you're doing, BUT you actually DON'T KNOW.

We're mere PLEBS who will never win against those professional traders who have more capital than us, more skills than us, and who has an army of bots deployed against us.

I agree, but I believe that many of them were also, as you said, "mere PLEBS" and over time grew in wealth and experience. A good portion of the great investors who are now wealthy started small. Everything has a beginning; you will succeed, fail, learn from your mistakes, fail differently, and that's how you forge your path in trading/the market. Whether you will be successful or not will depend much more on your decisions and knowledge than on luck, like in gambling.

[Cgrexp]

To be frank trading is more dangerous than gambling as gambling deals with more precision like if you can get how the team plays their previous matches and if you are able to know this it would be that better for you to book them. But in trading, even though you do your analysis and also fundamental analysis you would see that the market circumstance would have to change everything there because news can actually influence the market to change direction even after doing those your analysis. This is the reason why most traders regularly lose money while trading because they can't predicts how the market overly function or reacts at the first place.

I don't think trading is more dangerous than gambling. Of course, these two are not the same. The results of gambling are mostly based on luck and uncertainty. However, if someone makes decisions based on their own ability and financial management and understands their risk tolerance, they can survive in trading. Trading is not completely based on luck. If someone is skilled and experienced, they can survive here with their own analysis and management. Yes, it may be a bit difficult to guarantee victory in trading in the long run, but it is not completely based on luck like gambling. It is not that everyone is losing in trading. There are many who have been able to maintain their skills and experience in trading for a long time. There is uncertainty in both gambling and trading, but in trading we can create a structural advantage in the long run through analysis and risk control.

[Arenga pinnata]

Well, those who trade solely by relying on luck and predicting whether prices will rise or fall without any analysis, based purely on guesswork are essentially like gamblers. But trading is actually quite difficult even for those who conduct rigorous analysis. Still, good traders only enter the market when they are sufficiently confident in their analysis and can identify market trends based on technical and fundamental analysis. So the difference really lies in whether someone analyzes the market first or not. But for those affected by FOMO, their actions often do end up resembling gambling. They sometimes don’t think clearly when making decisions.

Exactly. Good traders are those who enter the market or open a trade when they see a moment that suits their strategy. If not, they will continue to wait. Patience is tested in trading, and thoroughness must also be prioritized, considering the many unnecessary mistakes, such as applying strategy A in a market that is actually trending B.
I also truly feel that trading is very difficult, draining a lot of energy and patience. It also requires a strong mentality, and that is indeed how we should approach trading.

Well, traders need to have a solid understanding of financial management, emotional management, and risk management, in addition to other fundamental analysis. That way, they can develop a well-thought-out strategy where they only enter trades with clear risk limits and at the right time. They won’t force themselves to enter a trade just because of FOMO or something similar.

And well, actually, if you want to become a skilled trader, you must be patient enough to wait for the right moment in the market. Because not all market conditions are suitable for entry. Skilled traders usually wait for confirmation before entering. This is different from those who lack sufficient patience; they typically want to enter the market even when market conditions are unfavorable.

[Ziskinberg]

If you are not sure of what you're doing yet you still continue trading, clearly that's gambling. You are trading with the unknown, which makes its future prone to failure. And with shared signals from those you only know online? How sure you are that it really works for them, otherwise they won't dare to share it to others and keep it on their own if its actually giving them profits.

Trading is like gambling if you only trade relying on chances and luck, and expect them to work for you just like how it work to the gamblers.

[Wind_FURY]

~snip

But even if you, as a fellow PLEB, enter the market believing/thinking that you'll make money after "studying an investment", it's like you believe that you know what you're doing, BUT you actually DON'T KNOW.

We're mere PLEBS who will never win against those professional traders who have more capital than us, more skills than us, and who has an army of bots deployed against us.

I agree, but I believe that many of them were also, as you said, "mere PLEBS" and over time grew in wealth and experience. A good portion of the great investors who are now wealthy started small.

A good portion? Merely 10% of traders/investors actually make a very large amount of money that actually matters. The rest of the plebs like us would be very lucky if we were give the same opportunity as those very early Bitcoin investors.

In Bitcoin, those investors who became multi-millionaires bought their coins BEFORE 2016.

Everything has a beginning; you will succeed, fail, learn from your mistakes, fail differently, and that's how you forge your path in trading/the market. Whether you will be successful or not will depend much more on your decisions and knowledge than on luck, like in gambling.

I'm not trying to discourage you, BUT I'm telling you, the best investment strategy for PLEBS like US is merely to HODL Bitcoin, NOT "trade" shitcoins.

[tottong]

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!

If this is your involvement in trading, it's best to stop because if you continue, you'll suffer significant losses.
Following other people's signals may be fine for learning, but it requires your own analysis in decision-making so that trading doesn't become like gambling. Trading isn't the same as gambling, but what makes them similar is the pattern of involvement. Someone who follows other people's signals from Telegram channels and doesn't analyze market fundamentals before entering a trade can be considered gambling without implementing a proper trading strategy, even though sometimes someone who implements a strategy can experience losses.

Learn fundamental and technical analysis or study market sentiment so that decisions regarding trading positions can be much more focused. Although it may not always result in profits, at least we have a strategy every time we engage in trading.

[Itz-prisigold]

If you are not sure of what you're doing yet you still continue trading, clearly that's gambling. You are trading with the unknown, which makes its future prone to failure. And with shared signals from those you only know online? How sure you are that it really works for them, otherwise they won't dare to share it to others and keep it on their own if its actually giving them profits.

Trading is like gambling if you only trade relying on chances and luck, and expect them to work for you just like how it work to the gamblers.

I agree, but when someone has no clear plan before entering into trading,  that is also another sign that trading is becoming a form of gambling.  Many individuals spend more time thinking about the next hot signal and where they will take their profits, cut losses or how much risk they will take.

But they don't know that  even the best signal can still go wrong if you don't know how to trade it in a proper way, so it's dangerous to be totally dependent on others.  There are times when every trader should learn the reason behind a trade rather than simply following someone else trade entry and exit.

While luck plays a role in winning a few trades,  it's only a well defined process that will help you stay in the market over the long term.

[Mpamaegbu]

I agree, but when someone has no clear plan before entering into trading,  that is also another sign that trading is becoming a form of gambling. 

If that's how you see it, then the blame should be on the trader. Why will someone take trades without planning or strategy? That's very wrong. It tells about their confusion. It's not about trading as a whole because some other persons see it differently. For me, and it stands clear for discerning minds to see too, trading exchanges one thing for the other but it's not so with gambling. So, trading by practicality isn't gambling; except where traders blindly go into it. Of course, no one knowingly crosses an expressway with their eyes closed when traffic is heavy and don't expect to get knocked down.

[Wind_FURY]

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!

If this is your involvement in trading, it's best to stop because if you continue, you'll suffer significant losses.
Following other people's signals may be fine for learning, but it requires your own analysis in decision-making so that trading doesn't become like gambling. Trading isn't the same as gambling, but what makes them similar is the pattern of involvement. Someone who follows other people's signals from Telegram channels and doesn't analyze market fundamentals before entering a trade can be considered gambling without implementing a proper trading strategy, even though sometimes someone who implements a strategy can experience losses.

Learn fundamental and technical analysis or study market sentiment so that decisions regarding trading positions can be much more focused. Although it may not always result in profits, at least we have a strategy every time we engage in trading.

Has that advice/suggestion truly helped you in your "trading"? Would you say that you could quit your job, and start "trading professionally" to make that your main source of income because you have already "studied fundamental/technical analysis, and studied market sentiment"?

Pardon me ser, I'm not trying to offend you, but you're a mere PLEB like the rest of US. Let's be honest with ourselves and our fellow plebs in BitcoinTalk.

[cxtreenal]

~snip

But even if you, as a fellow PLEB, enter the market believing/thinking that you'll make money after "studying an investment", it's like you believe that you know what you're doing, BUT you actually DON'T KNOW.

We're mere PLEBS who will never win against those professional traders who have more capital than us, more skills than us, and who has an army of bots deployed against us.

I agree, but I believe that many of them were also, as you said, "mere PLEBS" and over time grew in wealth and experience. A good portion of the great investors who are now wealthy started small. Everything has a beginning; you will succeed, fail, learn from your mistakes, fail differently, and that's how you forge your path in trading/the market. Whether you will be successful or not will depend much more on your decisions and knowledge than on luck, like in gambling.

There are many ways to learn, and one sustainable way is to learn by making mistakes. When you are new to trading, you may have made many wrong decisions that have resulted in losses or not making much profit. What you learn in such trading situations will be an invaluable asset for your future trading.

People do not remember success for long, but if they make a big loss, that experience leaves a mark on them and they will always try to avoid repeating that mistake.

In the early stages of trading, I used to consider the price decline as the best period to buy. I made several losses by trading this way. But gradually I changed my strategy and am achieving success by applying the best strategy through market analysis.

[@nn@_pen9]

To be frank trading is more dangerous than gambling as gambling deals with more precision like if you can get how the team plays their previous matches and if you are able to know this it would be that better for you to book them. But in trading, even though you do your analysis and also fundamental analysis you would see that the market circumstance would have to change everything there because news can actually influence the market to change direction even after doing those your analysis. This is the reason why most traders regularly lose money while trading because they can't predicts how the market overly function or reacts at the first place.

I think both have almost the same criteria or the similar as gambling and are dangerous as you say, and even trading is much more difficult to learn than gambling itself, trading has many factors that influence price movements, traders fight each other to gain profits in the market, this is what makes it very difficult for beginners to analyze market price movements.  And to get results from trading, sometimes it is almost like gambling, hoping for luck in their analysis. However, trading is much fair when compared to gambling where the bookies are almost completely in control of their business.

[Royal Cap]

I don't think trading is more dangerous than gambling. Of course, these two are not the same. The results of gambling are mostly based on luck and uncertainty. However, if someone makes decisions based on their own ability and financial management and understands their risk tolerance, they can survive in trading. Trading is not completely based on luck. If someone is skilled and experienced, they can survive here with their own analysis and management. Yes, it may be a bit difficult to guarantee victory in trading in the long run, but it is not completely based on luck like gambling. It is not that everyone is losing in trading. There are many who have been able to maintain their skills and experience in trading for a long time. There is uncertainty in both gambling and trading, but in trading we can create a structural advantage in the long run through analysis and risk control.

Although there is an opportunity to do analysis in trading, at the end of the day when people cannot control their emotions, it becomes worse than gambling. Even though everyone talks about risk management, maintaining discipline becomes the most difficult task when you face losses or win a few trades in a row. Many people start revenge trading in a hurry to recover losses and empty their entire account in the blink of an eye. Therefore, a bigger test than knowing the market strategy is to control your greed and fear, because without self control, no matter how great an expert you are, it is natural to lose at the end of the day.

[barbara44]

when someone has no clear plan before entering into trading,  that is also another sign that trading is becoming a form of gambling.  Many individuals spend more time thinking about the next hot signal and where they will take their profits, cut losses or how much risk they will take.

But they don't know that  even the best signal can still go wrong if you don't know how to trade it in a proper way, so it's dangerous to be totally dependent on others.  There are times when every trader should learn the reason behind a trade rather than simply following someone else trade entry and exit.

While luck plays a role in winning a few trades,  it's only a well defined process that will help you stay in the market over the long term.

There are way too many people like that, and they are doing it like a hobby that costs them too much until it turns into an addiction. You should realize (by you I mean general public and not you specifically) trading CAN make you money, but only if you study hard enough and learn the ropes, not if you just YOLO any trade you see online.

There are way too many people who let even AI run their trades these days. You are not going to get that much profit from this at all if you are not careful ,and most people are carless and then they lose money. This is what makes you lose money in the crypto trading world, being careless and childish. This is a real work, and there is real money involved, the ones who make money work harder than you and not just wing it.

[nara1892]

Exactly. Good traders are those who enter the market or open a trade when they see a moment that suits their strategy. If not, they will continue to wait. Patience is tested in trading, and thoroughness must also be prioritized, considering the many unnecessary mistakes, such as applying strategy A in a market that is actually trending B.
I also truly feel that trading is very difficult, draining a lot of energy and patience. It also requires a strong mentality, and that is indeed how we should approach trading.

Well, traders need to have a solid understanding of financial management, emotional management, and risk management, in addition to other fundamental analysis. That way, they can develop a well-thought-out strategy where they only enter trades with clear risk limits and at the right time. They won’t force themselves to enter a trade just because of FOMO or something similar.

And well, actually, if you want to become a skilled trader, you must be patient enough to wait for the right moment in the market. Because not all market conditions are suitable for entry. Skilled traders usually wait for confirmation before entering. This is different from those who lack sufficient patience; they typically want to enter the market even when market conditions are unfavorable.

That is the reason why patience is something that is very important and must be possessed by a trader, as you said that often traders enter the market incorrectly or open positions at the wrong time and ultimately cause losses, even though if they could have been a little more patient, perhaps the results would have been different, and this is also the reason why I always try to wait for trend confirmation before finally opening a position, just to make sure whether what is happening is the moment I am really waiting for or not.

[juttsab@]

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.

It is true that trading with other people's signals is not possible to achieve success, moreover, trading with other people's signals is like gambling. An experienced and skilled trader never uses other people's signals and does not learn from all the trading that is discussed on various social media. Rather, good traders always try to gain experience and gradually focus on how to achieve success. Although trading is very risky, you have to learn and analyze it well, and later on, if you trade, it will be possible to move towards success. If you can learn on your own, you will not have to take other people's signals about trading and you will be able to profit yourself and achieve success in trading.

Cryptocurrency is best thing to make profit and if you are not earning profit from that ,it is your bad luck and you should work hard to become expert in trading. If you want to be a trader not gambler then you should learn first and you should watch the people who are Investing their money and how they are getting profit and how they are losing money and if they are losing money how many risk is involved in that . People are taking more risk but they don't know how will handle that situation because they invested with zero knowledge which is more risky than a person who is learning from any platform. There are many mentors who are giving knowledge and they are giving basics to the people who are trying to enter in the World of cryptocurrency

[Mr Reporter]

Cryptocurrency is best thing to make profit and if you are not earning profit from that ,it is your bad luck and you should work hard to become expert in trading. If you want to be a trader not gambler then you should learn first and you should watch the people who are Investing their money and how they are getting profit and how they are losing money and if they are losing money how many risk is involved in that . People are taking more risk but they don't know how will handle that situation because they invested with zero knowledge which is more risky than a person who is learning from any platform. There are many mentors who are giving knowledge and they are giving basics to the people who are trying to enter in the World of cryptocurrency

Sure trading and gambling can look like same from the outside for mostly newbie finding their way into trading…yeah the both are having chart…and also having wins and losses, but think yiu have already made it opened and clear enough that learning vs zero knowledge…

For example trading with zero experience or knowledge is like the person I studying risk and at the end of the road it might not work out but trading with extra experience skills it more like even through you losses you might count as a lost for the day by a trader..

[Rengga Jati]

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!

Many people say trading is gambling. But no, it's exactly different. While the concept is similar, the characteristics are actually different. This indicates that we fundamentally understand several things related to how we trade. As you said, when newbies only follow other trading signals and place trades based on luck, having no knowledge, moreover knowing nothing about trading,, that's exactly gambling.

But this is different with professional traders. They are analytical, highly considerate before making decisions, and evaluate after the results. They analyze technically and fundamentally. Although there may be a luck factor, professional traders don't rely on luck. So, what we prepare, do, and evaluate in trading will determine whether we're trading or simply gambling. This means that if you don't have or haven't yet achieved this ability, it's better to avoid trading and stick to holding. Only when you have good knowledge and are truly prepared can you start trading.

[dwyane36]

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!

Many people say trading is gambling. But no, it's exactly different. While the concept is similar, the characteristics are actually different. This indicates that we fundamentally understand several things related to how we trade. As you said, when newbies only follow other trading signals and place trades based on luck, having no knowledge, moreover knowing nothing about trading,, that's exactly gambling.

But this is different with professional traders. They are analytical, highly considerate before making decisions, and evaluate after the results. They analyze technically and fundamentally. Although there may be a luck factor, professional traders don't rely on luck. So, what we prepare, do, and evaluate in trading will determine whether we're trading or simply gambling. This means that if you don't have or haven't yet achieved this ability, it's better to avoid trading and stick to holding. Only when you have good knowledge and are truly prepared can you start trading.

In gambling, the long-term outcome is always the same; you lose your deposit, while the short-term outcome depends solely on how lucky you are.
In trading, however, things are a bit different. Yes, luck does play a role in trading, but if a trader knows how to analyze, manage their emotions, and follow risk management principles, the long-term outcome will depend solely on their actions.
In my opinion, the only thing in trading that resembles gambling is derivatives with huge leverage.