Trading is like more like gambling if...

[Celebration99]

Trading is very risky and it requires deep knowledge to be able to understand how the market works any one trading is also gambling and should be ready to loss money, as a trader you will regularly be cheeking the market chart to know when to take profit and involving in other crypto such as shitcoins or altcoins are too risky because they are not even like bitcoin that is more reliable. I believe that the best crypto asset to invest on is bitcoin and to make proper investment is to accumulate bitcoin consistently using an amount of money we can afford to loss and hold for long time.

[Wind_FURY]

You’re right, trading becomes gambling if not done right and is no different than gambling if you just buy or sell and expect the price to respect your buying and selling. You said that without proper FA and TA trading becomes gambling and that is essentially true but the maing thing that seperates trading from gambling is Risk management, a person can have all the knowledge about FA and TA but if he does not ahve proper risk management and emotional control Then he can make such mistakes that makes trading gambling, so for trading to remain trading and not turn into gambling all the different aspects should be kept in mind if not then trading and gambling are the same.

Well, you have made a very valid point here, and I agree with you on this. Risk management is indeed a very important factor that I missed mentioning, and yes, without proper risk management and emotional control, we could lose a fortune. No matter how knowledgeable a trader we are, we will still blow our accounts, and that's the reality.

Emotional control is actually the hardest part of trading because by the time we understand it we have already lost a lot, like fear and greed are the biggest enemies of any trader, and no matter how good our FA and TA are, if we can't control our emotions, we will still end up making bad decisions, so yes, you have added a very important point here.

How does "emotional control" actually help us PLEBS in "trading"? Does that actually make us outperform those professional traders in large investment firms and hedge funds? Because if your answer is "yes", then why are there still PLEBS like us who claim that "emotional control" is the secret to success, but they remain PLEBS today?

I'm not saying emotional control is wrong, but saying that it's the "secret" to success in trading is NOT a path to absolute success.

[Wakate]

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.

It can only be called stupidity if one hasn't gained any prior knowledge to what he or she is doing. As long as knows what he is doing, then it's not really outrightly stupidity. Knowledge first then trade. If you want to address it as gambling, fine. Just make sure knowledge is not out of the picture.

Trading need a lot of understand about everything traders need fk understand about trading. I have seen lazy traders learning little information them after, they enter the market and starts trading losing money for no reason.
Traders trading without an analysis will end up losing severely because the market is not really friendly at all.

[Mame89]

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.

It can only be called stupidity if one hasn't gained any prior knowledge to what he or she is doing. As long as knows what he is doing, then it's not really outrightly stupidity. Knowledge first then trade. If you want to address it as gambling, fine. Just make sure knowledge is not out of the picture.

Yes. Stupidity occurs in traders due to a lack of knowledge not due to their own activities let alone market errors. If you have studied understand the risks, have a strategy, and are disciplined then it's not stupidity. It's a risky activity that requires skill. So, trading also requires skills in addition to knowledge, strategy and discipline.

Many people say trading is like gambling. That's a valid opinion but the difference is clear. Gambling has the potential to lose but if we apply the best strategy the chance of winning exists. Trading with knowledge will allow you to make consistent profits, even if they're small. In trading knowledge comes first followed by practice. Don't reverse the order because otherwise it's stupidity. Trading isn't gambling if done correctly, but the reason so many people lose is because they treat it like gambling without knowledge, discipline, and skill.

[Alpha Marine]

It can only be called stupidity if one hasn't gained any prior knowledge to what he or she is doing. As long as knows what he is doing, then it's not really outrightly stupidity. Knowledge first then trade. If you want to address it as gambling, fine. Just make sure knowledge is not out of the picture.

Actually, a lot of people who claim to be traders are just gambling. Knowing technical analysis and all is not all that is required to be a good trader.
When you look at the big trading companies, they have everything. They have research, analysts, and all. They have degrees in related courses. Degrees in Mathematics, Statistics, Finance and Economics, Computer.
Some of these traders don't even know how to interpret data. I believe you need good analytical skills to interpret data and be a good trader. What most people do is more or less gambling. They just use the little idea they have to make decisions and hope it's the best.

[Sonia_123]

If you lack the ability to do research and acquire knowledge then there is no need for trading because the risk is huge when the reality hits you, you lose everything you have onces.

Trading are for professionals and those that are very calculative in prediction and in other for you not to be a gambler to trading, then you have to acquire more knowledge in trading than just wanting miracle to happen.

[Byebyebtc]

If you lack the ability to do research and acquire knowledge then there is no need for trading because the risk is huge when the reality hits you, you lose everything you have onces.

Trading are for professionals and those that are very calculative in prediction and in other for you not to be a gambler to trading, then you have to acquire more knowledge in trading than just wanting miracle to happen.

I agree that research and knowledge are essential in trading. Without them, you’re mostly relying on luck, and that usually ends badly. But I don’t think trading is only for professionals. Everyone starts as a beginner, and with enough learning, practice, and good risk management, they can become consistently profitable.
I’d also add that no trader can predict the market all the time. The goal isn’t to be right on every trade but to manage risk well enough that your wins outweigh your losses over time. That’s what separates a trader from a gambler.

[free-bit.co.in]

Actually, a lot of people who claim to be traders are just gambling. Knowing technical analysis and all is not all that is required to be a good trader.
When you look at the big trading companies, they have everything. They have research, analysts, and all. They have degrees in related courses. Degrees in Mathematics, Statistics, Finance and Economics, Computer.
Some of these traders don't even know how to interpret data. I believe you need good analytical skills to interpret data and be a good trader. What most people do is more or less gambling. They just use the little idea they have to make decisions and hope it's the best.

I think so, too. Most retail trader like us are actually just gambling rather than truly trading. That is why most survey results show that up to 97% of traders end up losing money instead of making profits. The outcome is no different from a gambling market.

Yes, the traders who actually make profits in the market are mainly professional trading firms, organizations with advantages in capital, technology, and information. Only a small number of individual traders make money, but that is just temporary luck, and they are likely to suffer losses in the not too distant future.

[laijsica]

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.

It can only be called stupidity if one hasn't gained any prior knowledge to what he or she is doing. As long as knows what he is doing, then it's not really outrightly stupidity. Knowledge first then trade. If you want to address it as gambling, fine. Just make sure knowledge is not out of the picture.

Trading need a lot of understand about everything traders need fk understand about trading. I have seen lazy traders learning little information them after, they enter the market and starts trading losing money for no reason.
Traders trading without an analysis will end up losing severely because the market is not really friendly at all.

Traders cannot be sure that they will make a profit by trading after analyzing the market for a long time. It is a risky strategy for less experienced traders to buy for high profits in a short period of time and plan to sell soon.

If you trade knowing the risks of the crypto market, you will probably not take too much risk because many traders lose a lot despite analyzing the market. To learn trading, you should use an amount of capital that you can afford to lose. If you do not have sufficient backup, it is better not to trade. To learn about crypto, you should be involved in the market and develop a long-term investment habit.

[alastantiger]

If you lack the ability to do research and acquire knowledge then there is no need for trading because the risk is huge when the reality hits you, you lose everything you have onces.
Trading are for professionals and those that are very calculative in prediction and in other for you not to be a gambler to trading, then you have to acquire more knowledge in trading than just wanting miracle to happen.

Trading and gambling have similarities but they are not the same, trading has to do with advanced analysis of the market but gambling can be done with the minimum analysis but still you won't win although if you are able to analyze the market accordingly then you have a high chances of winning. Gamblers depend on luck but traders don't only depend on luck and although you will need some aspect of luck for you to win when trading but if you are a discipline and have undergone different experience then you can have good results from the trade that you take. Don't make a mistake of thinking trading is like gambling if not you will lose your money to the market.

[Alpha Marine]

Only a small number of individual traders make money, but that is just temporary luck, and they are likely to suffer losses in the not too distant future.

And this is how it is even more similar to gambling. Among that small percentage, if you look at their net profit, you will see that some of them are either in a loss or very little profit. That is how it is among gamblers. I know because I gamble. You get a win, and it would look like you have recovered all your losses, but you haven't. If you calculate it, you are still at a loss.
That is how it happens with trading. You can have a series of losses, but when you have a win or two, all is right in the world, but in the grand scheme of things, you are still in a loss.

[Swordsoffreedom]

If you lack the ability to do research and acquire knowledge then there is no need for trading because the risk is huge when the reality hits you, you lose everything you have onces.
Trading are for professionals and those that are very calculative in prediction and in other for you not to be a gambler to trading, then you have to acquire more knowledge in trading than just wanting miracle to happen.

Trading and gambling have similarities but they are not the same, trading has to do with advanced analysis of the market but gambling can be done with the minimum analysis but still you won't win although if you are able to analyze the market accordingly then you have a high chances of winning. Gamblers depend on luck but traders don't only depend on luck and although you will need some aspect of luck for you to win when trading but if you are a discipline and have undergone different experience then you can have good results from the trade that you take. Don't make a mistake of thinking trading is like gambling if not you will lose your money to the market.

But even if you have done all the deep dive analyses and still lack a bit of luck, you could very well end up facing losses.

Analysis is a key and essential factor that helps us make decision in trading, but unfortunately, it cannot guarantee anything. This is also why even experienced trader do not dare make any definitive statements or guarantees about market trend

We cannot equate gambling and trading as one and the same, but there is no denying they share many similarities. And a person can turn into a gambler even while taking part in the trading market.

[Fawshahad82]

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!
[/quote] Hello everyone you understand first learn than earn most people don't understand but continue losing it's gambling trading is
a skill so first learn and work in demo minimum 2 years than earn it's trading.

[ColdLava40]

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!

Everything in life where we lack knowledge to me is gambling. We take uncalculated risk, it's gambling. The reason is simply because you are not having a good reason to back your actions and in trading you do need one for all your actions.

You must be able to define your trades, your strategy, your emotions before you do anything in the market. Without a solid foundation of the market you would be gambling and not trading. So it's better to do one self a favor and get sound knowledge before trading.

[Big Dirams]

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!

Everything in life where we lack knowledge to me is gambling. We take uncalculated risk, it's gambling. The reason is simply because you are not having a good reason to back your actions and in trading you do need one for all your actions.

You must be able to define your trades, your strategy, your emotions before you do anything in the market. Without a solid foundation of the market you would be gambling and not trading. So it's better to do one self a favor and get sound knowledge before trading.

In trading the moment we assume that we can just walk freely in the market without any strategies, analysis or even knowledge then it just feels like we are gambling. In trading relying on luck is a big mistake because the market always rewards those who give in the works and strong commitment to the market, if we felt we will rely on luck and make good profits then we are just deceiving ourselves and the journey won’t be an interesting journey at all.
The market isn’t a playing ground and it doesn’t just give profits to those without the ability or knowledge, it rewards those with dedication and emotional control.

[ASloveapg]

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.

It can only be called stupidity if one hasn't gained any prior knowledge to what he or she is doing. As long as knows what he is doing, then it's not really outrightly stupidity. Knowledge first then trade. If you want to address it as gambling, fine. Just make sure knowledge is not out of the picture.

Trading need a lot of understand about everything traders need fk understand about trading. I have seen lazy traders learning little information them after, they enter the market and starts trading losing money for no reason.
Traders trading without an analysis will end up losing severely because the market is not really friendly at all.

In the first case, a new trader avoids these things, they do not want to understand how much research is needed in trading, they only continue trading with their emotions in the first case, they think that they will get good results from here very easily, but this is never possible. The biggest problem is that a new trader is always in a hurry, they want to achieve success very quickly, and this mentality forces them to trade with emotions. If we want to achieve something good from trading, we must first learn, and for this we must learn patiently for a long time.

[snowpega]

How does "emotional control" actually help us PLEBS in "trading"? Does that actually make us outperform those professional traders in large investment firms and hedge funds? Because if your answer is "yes", then why are there still PLEBS like us who claim that "emotional control" is the secret to success, but they remain PLEBS today?

I'm not saying emotional control is wrong, but saying that it's the "secret" to success in trading is NOT a path to absolute success.

Well, what am I getting from your point of view or saying on my every post is that there is nothing that can be helpful if one wants to make themselves a successful trader unless he is millionaire or billionaire, haha. Mate, one thing is very clear here: if you are a billionaire or millionaire, then you can still lose all of your money if you don't have good knowledge about the trading space. And in the post to which you respond me back, I am just trying to emphasize the importance of risk management where emotional control also plays a good role.

Yes, you are correct as a pleb, you can not be a successful trader just following one single tip, haha. But you need to get my point, which is that I am just saying this can be helpful for everyone, even if he is a pleb or not. Because risk management should be the first priority for everyone when you are playing their role as an investor in the unpredictable space.

[Mr Reporter]

Just on point OP.👏
Personally to me trading without knowledge it gambling (verified). Generally i will say patient is the key, this because even on having a good FA/TA if in any way their is no risk management, patient and discipline the market is still going to humble you.

Market manipulation will make u feel as if trading is gambling if you don’t know how the game works. And again knowledge alone won’t save your heart, you need to learn how to control emotions also.

So to my newbies the moment you dont know how this things works and u enter trade, you are eventually gambling not trading. So the best is to learn first and foremost then u paper trade a little before you put in real funds.

Big thumbs up for bring this up, respect.
So in sum up of all Knowledge together with patience and risk control will give birth to the real edge.

Hmmm this is interesting please you made mention of something which to me i would like to have a discussion or a proper debate on this when your statement points out about  FA/TA…i feel you should be knowledgable about it…

And correct me if am wrong the part you made mention about newbie’s well it doesn’t only happens to a newbie when trading…even an experienced trader could be sometime think he is trading but likely just gambling,

And how funny you sound well I have spent quite sometime here on this forum and I have heard basic post about “newbie” well the first thing is advice from you like this are mostly usually the ones still trying so hard to break even….well you might just focus on your own point…

[knuckey]

Judging from my perspective, trading is indeed gambling.
It does seem that way. This statement is often used by influential people, but they lack in-depth research into trading schedules, leading them to conclude that trading is gambling. It's similar because it's almost the same... but those who see trading without ever trying it never know how to analyze, how to hold on, how to be patient in the world of trading. This is what makes it different from gambling.

[boyptc]

you understand first learn than earn most people don't understand but continue losing it's gambling trading is
a skill so first learn and work in demo minimum 2 years than earn it's trading.

That's too long to learn for the demo for 2 years as the minimum of it.

But I respect if that's how long you've learn and that likely assures that you've learn before you get into trading.

Others are thinking they can master it within weeks and a couple of months but it's not that easy.

With that period of how convenient it is for one to learn how to trade, it's best to use real money that they can afford to lose because that pushes them to actually learn how it works.