They are gambling but they think they are trading

[Z_MBFM]

I think stop loss spoils the bigger opportunity to make profits beecause it might be that after using stop loss, the price might begin to go up again and you will miss the train. If I am trading with $200 in a month, I expect 10% profit which is $20 but that doesn't mean that if I see small profit, I wouldn't close my position because the bird at hand is worth more than millions in the forest.

I have faced many such cases that if I set a stop loss, the price hit my stop loss and increased again, then I regretted it. If I do not set a stop loss, then the balance is liquidated. The point here is that you need to know the correct analysis. If you leave everything to your own luck and trade, and set a stop loss at an approximate price, the chances of success are very low. If trading is not based on any analysis, it will behave like gambling and you will have to lose frequently.

[JoyceBTC]

They think they are traders just because they can see some charts and price moving but they don't even know the different types of trading. I always recommend newbies to start with spot trading and if you can afford the capital just stick with it forever because in that mode only they can stil chose to hold when the preices are dropping and have the chance to see the price recover.

There are lot of people that claimed to understand the market and trade for themselves but all they are doing is purely gambling.
I have seen so many people dropping charts they know nothing about just because they can use indicators and display it on their charts,  that purely make them a trader. I don't judge a trader by what they can do with their chart but their ability to understand how the market has been reacting to price.

Such gamblers who call themselves traders even go about asking people to register through them online because they display different charts and take amounts they make which is not real. You can't rate a trader by what they display or the knowledge of indicators they have but a good trader knows when to enter the market and the right time to buy or sell and they do not go around deceiving people using the profit made by others. If you come across a good trader their work will show you who they are not the things they will display.

[Hamza2424]

How much will you be expecting from trading in a month if you are trading with $200?

In futures, I can easily pull $200 to $500 in a single month if I have $200 to gamble. But if I have to do a complete analysis instead of just gambling, then I could still pull the same result, but I would have to be more subtle. The difference is that in gambling mode, I won't care about the investment, but in analysis mode, I would make sure not to lose my capital and would strictly follow a stop loss.

Bro, it is off topic, but you can easily improve your English, at least while writing. I don't know if you write in a hurry or what, but it is not looking good!

Your example is really good though. If our profit target is very low, we won't even use a stop loss because we know we can easily preserve the capital and make an extra $10. But with a higher profit target, we would have to take bigger chances.

[Big Dirams]

They think they are traders just because they can see some charts and price moving but they don't even know the different types of trading. I always recommend newbies to start with spot trading and if you can afford the capital just stick with it forever because in that mode only they can stil chose to hold when the preices are dropping and have the chance to see the price recover.

There are lot of people that claimed to understand the market and trade for themselves but all they are doing is purely gambling.
I have seen so many people dropping charts they know nothing about just because they can use indicators and display it on their charts,  that purely make them a trader. I don't judge a trader by what they can do with their chart but their ability to understand how the market has been reacting to price.

Such gamblers who call themselves traders even go about asking people to register through them online because they display different charts and take amounts they make which is not real. You can't rate a trader by what they display or the knowledge of indicators they have but a good trader knows when to enter the market and the right time to buy or sell and they do not go around deceiving people using the profit made by others. If you come across a good trader their work will show you who they are not the things they will display.

A knowledgeable trader always know the perfect time to enter the market and also they know the right time to step away from the market. They just don’t follow hypes or taking unnecessary risks just because the market is on a good trends but they stroke out plans and strategies before going into the market and their trading history is more of profits not just lot of losses.
A knowledgeable trader don’t just show their profits alone but they also showcase their losses and trades that didn’t go to well for them. As a trader let focus on knowledge and not just go around in the market and gambling with our money thinking we are making good decisions.

[alastantiger]

There are lot of people that claimed to understand the market and trade for themselves but all they are doing is purely gambling.
I have seen so many people dropping charts they know nothing about just because they can use indicators and display it on their charts,  that purely make them a trader. I don't judge a trader by what they can do with their chart but their ability to understand how the market has been reacting to price.

Most traders that are gambling instead of trading do not last long in the market, they might make some early profits and this will make them think they have become traders but as they stay longer in the market then they'll begin to understand that the market is not about guessing because it will become very difficult for you to just be lucky all through the many trades that you enter. A lot of traders get destroyed by the market because they lack the understanding of being a trader and they consider trading to just be like when they were gamblers and this is the reason why they don't understand how to make use of the stop loss or use other strategies that will make them make profit.

[Pressurizedem]

There are lot of people that claimed to understand the market and trade for themselves but all they are doing is purely gambling.
I have seen so many people dropping charts they know nothing about just because they can use indicators and display it on their charts,  that purely make them a trader. I don't judge a trader by what they can do with their chart but their ability to understand how the market has been reacting to price.

Most traders that are gambling instead of trading do not last long in the market, they might make some early profits and this will make them think they have become traders but as they stay longer in the market then they'll begin to understand that the market is not about guessing because it will become very difficult for you to just be lucky all through the many trades that you enter. A lot of traders get destroyed by the market because they lack the understanding of being a trader and they consider trading to just be like when they were gamblers and this is the reason why they don't understand how to make use of the stop loss or use other strategies that will make them make profit.

I agree with you on some points, but if we look at it critically, you will notice that trading and gambling work a little bit hand in hand, this does not mean that as a gambler, you will be efficient in trading or you will more successful as a trader, it only means that they both share same risk in common and those risks are determined by the fact that both of them involves money.
I am not really a proper trader, but I can say I am a better gambler because most of the times I gamble, I make more profit, especially when I stake on live games, I realize that I am better at making predictions than most professional gamblers who predict games  online.
Therefore, because I now know that I am a better gambler, I also know that if I go into trading, I will also be good at trading because the moment you give yourself to something for sometimes, there is every possibility that you will end up being better at that particular thing.

For some persons who don't know the difference between gambling and trading, I can say they are new in the system that's why they lack the ability to know when they are gambling and when they are trading. But as the name implies, gambling is for games, while trading is for trade, so there is no reason why they should be confused. How ever, it is just good to know the one you are better at, because some persons might know how to do the both, but they can be more better at one among the two.

[Iranus]

For trading with $200 it is ideal for such person to be expecting at least 1-10$ in a month and this is realistic, but thinking of making $2400 from $200 account size looks very unrealistic, in fact it’s very weird to see that someone would be expecting such amount of profit trading with just 200$.

That is not necessarily unrealistic, but it is certainly close to impossible.

I do not think that is weird at all either. I think that is how most traders think and it is also the goal most of them aim for.

Most people get into trading because they believe it can generate huge profit and make them rich in a short period of time. Very few enter the market expecting to make just a few dollars a day or a month from a $200 account.

[Perfectbaby]

For trading with $200 it is ideal for such person to be expecting at least 1-10$ in a month and this is realistic, but thinking of making $2400 from $200 account size looks very unrealistic, in fact it’s very weird to see that someone would be expecting such amount of profit trading with just 200$.

That is not necessarily unrealistic, but it is certainly close to impossible.

I do not think that is weird at all either. I think that is how most traders think and it is also the goal most of them aim for.

Most people get into trading because they believe it can generate huge profit and make them rich in a short period of time. Very few enter the market expecting to make just a few dollars a day or a month from a $200 account.

The reason why I said it’s unrealistic is because they can’t make profit from it because they are expected to make huge profit from it where they would end up making loses at all time.
Trading is fine and it also has a principle to follow and if you do not follow it then it will become more difficult for the trader to make profits. The reason why most traders don’t make profit is because they are using very small amounts to trade and expect miracles to happen whereas you can only receive equivalent to what you have used in trading.

[Dr.Bitcoin_Strange]

I think stop loss spoils the bigger opportunity to make profits beecause it might be that after using stop loss, the price might begin to go up again and you will miss the train. If I am trading with $200 in a month, I expect 10% profit which is $20 but that doesn't mean that if I see small profit, I wouldn't close my position because the bird at hand is worth more than millions in the forest.

 That's true, it can happen like that sometimes but if you are being stopped out too due to your stop lose has been triggered, you will also see that price will keep going against you such that if you had not put the stop lose, you definitely would have been liquidated. It has happened to me most of the time, price hits my SL and then goes to my predicated direction and sometimes too it doesn't go, so what I do most times is set an imaginary SL price in my head, if price got to that level without still going back to my direction, I will have to accept the loss and close the trade.

[nara1892]

I think stop loss spoils the bigger opportunity to make profits beecause it might be that after using stop loss, the price might begin to go up again and you will miss the train. If I am trading with $200 in a month, I expect 10% profit which is $20 but that doesn't mean that if I see small profit, I wouldn't close my position because the bird at hand is worth more than millions in the forest.

 That's true, it can happen like that sometimes but if you are being stopped out too due to your stop lose has been triggered, you will also see that price will keep going against you such that if you had not put the stop lose, you definitely would have been liquidated. It has happened to me most of the time, price hits my SL and then goes to my predicated direction and sometimes too it doesn't go, so what I do most times is set an imaginary SL price in my head, if price got to that level without still going back to my direction, I will have to accept the loss and close the trade.

Exactly, that's why stop-loss is important. The question now is, would you rather have the opportunity for large profits with the risk of liquidation by not implementing a stop-loss, or the opportunity for small profits but avoid the risk of liquidation? Essentially, making large profits is always possible if your prediction is truly accurate, meaning the market doesn't first drop to hit your stop-loss level. So, it's better to choose the safest option, and your experience has proven that trading without a stop-loss is too dangerous.

[Oshio-man]

Some people think trading is easy to make income from bitcoin, if they go deeper they will no that they are not a real trader, as a traders you don't need to be afraid of loss because you know that either you earn income from the trading or you experience loss that will make you learn new things that will make you stronger in bitcoin trading, if you watch those who are turning trading to gambling you will know that they don't last in bitcoin trading because any small loss it will make them to quit bitcoin trading which mature traders will not display even though there is loss than to try other strategies to improve in the future.

[Royal Cap]

I would say the problem is not the stop loss, the problem is unrealistic expectations. Many people start trading with $200 in a way that they think they will make a full time income in a few months. This mindset leads to excessive leverage and unnecessary risk taking, eventually when a few trades go wrong in a row, the entire account comes under pressure. And if I were asked to start with $200 I would not expect more than $10 to $20 a month. It may seem small but being able to make consistent profits is a big deal. If you can survive, opportunities will come again and again but once the capital is gone, you can't take advantage of new opportunities.

[taufik123]

I would say the problem is not the stop loss, the problem is unrealistic expectations. Many people start trading with $200 in a way that they think they will make a full time income in a few months. This mindset leads to excessive leverage and unnecessary risk taking, eventually when a few trades go wrong in a row, the entire account comes under pressure. And if I were asked to start with $200 I would not expect more than $10 to $20 a month. It may seem small but being able to make consistent profits is a big deal. If you can survive, opportunities will come again and again but once the capital is gone, you can't take advantage of new opportunities.

Unrealistic expectations and also lack of knowledge and experience in trading.
If we attribute this expectation to a professional trader, $200 can become $2000 in just a few days, less than 1 month,
because those who are already professionals know what they have to do, not just a poorly founded expectation.

Many beginners do get stuck in this kind of problem, expecting $200 to be $2000 without good research and knowledge and end up losing that $200.
This happens often and makes those who initially trade calmly and hopefully, into a hell of a trade full of pressure to return losses,
thus doing everything possible including with bad futures trading by using high leverage in the hope of greater profits.

[Fivestar4everMVP]

How much will you be expecting from trading in a month if you are trading with $200?

There is no way I will be trained with $200 and expecting to make only $10 profit monthly, thats completely absurd and I doubt if you even know what you are writing or saying here, $200 as trading capital and $10 monthly profit looks like a child play to me to be honest, and forget about greed, this has nothing to do with being greedy, making a profit of $100 monthly is unprofitable because this money isn't even enough for my data subscription let alone feeding myself and my family, then plus other expenses like light bill, water bill and so on, all this are basic necessities of life which money must be spent on, and with just $10 monthly profit from a $200 capital, how can one sustain without ending up using the $200 capital for expenses?

As a trader who knows my left from my right, with $200, I should be able to make at least $5 to $10 profit every day with very little to moderate use of leverage like not more than 3 to 5 or 6 percent. $5 daily profit should give me $150 total profit 30 days while $10 daily profit will give $300 total profit in 30 days, so the average of this two should be in between $150 and $300 cus I know there are days I could make more than $10 and there are days I might not make up to $5.

[cozytrade]

I think stop loss spoils the bigger opportunity to make profits beecause it might be that after using stop loss, the price might begin to go up again and you will miss the train. If I am trading with $200 in a month, I expect 10% profit which is $20 but that doesn't mean that if I see small profit, I wouldn't close my position because the bird at hand is worth more than millions in the forest.

I have faced many such cases that if I set a stop loss, the price hit my stop loss and increased again, then I regretted it. If I do not set a stop loss, then the balance is liquidated. The point here is that you need to know the correct analysis. If you leave everything to your own luck and trade, and set a stop loss at an approximate price, the chances of success are very low. If trading is not based on any analysis, it will behave like gambling and you will have to lose frequently.

I agree that trading without an analysis is very similar to gambling. The mistake a lot of traders make when trading futures is assigning blame to stop losses that they lose on, but they are missing on good entry points or they are placing their stop loss incorrectly. A stop loss is a risk management instrument, it is not a profit guarantee. Sometimes it will make contact with the market and then turn around, but that is a part of trading. What matters is to preserve capital and remain in the game for the long term. Traders play a game of plan and risk management, gamblers play mostly on luck and hopeful

[Dzwaafu11]

From $200 to trade, maybe I can expect to earn for 5%-10% monthly if the market is good but that could be less than 5% if the market is unknown. These situation makes us to takes any profit we earn so we can survive from trading but if we talk about the whale, they know how to make money from trading.

If you want to trade, make sure you enter at the low so you can expects the bigger profit but that will not always guarantee because you know the market moves unpredicted. You can only analyze, enter the market, buy the coin, and earn but if that is not happens, you should not gives up because that is the process to make a profit.

Trading is very risky,  but many people don't boarder how risk it is before putting their hard earned money into it, they are eager to put their money without the proper analysis of the market movement, as a trader who want to be successful in the market there is many things to consider and know because as you said ealier it is more better to enter at low, so the trader can expect a good profit. When you enter at high there is high risk of even loosing the money.

[Proty]

From $200 to trade, maybe I can expect to earn for 5%-10% monthly if the market is good but that could be less than 5% if the market is unknown. These situation makes us to takes any profit we earn so we can survive from trading but if we talk about the whale, they know how to make money from trading.

If you want to trade, make sure you enter at the low so you can expects the bigger profit but that will not always guarantee because you know the market moves unpredicted. You can only analyze, enter the market, buy the coin, and earn but if that is not happens, you should not gives up because that is the process to make a profit.

Trading is very risky,  but many people don't boarder how risk it is before putting their hard earned money into it, they are eager to put their money without the proper analysis of the market movement, as a trader who want to be successful in the market there is many things to consider and know because as you said ealier it is more better to enter at low, so the trader can expect a good profit. When you enter at high there is high risk of even loosing the money.

whether high or low as long as they are trading with what they can afford to lose it is not a bad idea. It is only when they have put more than what they can afford to lose, that is when it is a bad idea.. Moreover, what you consider high maybe low to the next person and what you consider low maybe high to the next person. Therefore, people should always trade within there means by trading with what they can afford to lose.
A good analysis of the market movement may be vital in making profit from trading but this doesn't mean that with good analytical skills that profit is sure.