They are gambling but they think they are trading

[I_Anime]

The moment you have such mindset you are no longer trader you are more of gambler, the mindset of getting rich quick to the point you start seeing sl as something that’s hindering you . The moment you stop using stop loss as a day trader you have Just increase your risk rate . There’s reason why we have the the stop loss feature in trading exchanges, is to help minimize our losses , and when you have stop using it you have just maximize your losses , there’s nothing like quick wins take your time and build something nice , with time those little wins will become something significant.

[Nanga Parbat]

The moment you have such mindset you are no longer trader you are more of gambler, the mindset of getting rich quick to the point you start seeing sl as something that’s hindering you . The moment you stop using stop loss as a day trader you have Just increase your risk rate . There’s reason why we have the the stop loss feature in trading exchanges, is to help minimize our losses , and when you have stop using it you have just maximize your losses , there’s nothing like quick wins take your time and build something nice , with time those little wins will become something significant.

If you are a  person who is expert in trading and have trading experience, he is at good level but if any person has no skills, he will face a loss because he should know the market trends and he should do analysis before investment. I saw many people who are Investing their money on the basis of signals and they are earning one day and in the next day they can lose their money because they are associated with other person and people who are interested in that they should invest his team on learning as early as possible because after the lose of money he will try to learn so that is best thing person should do at the start to memorize the all basics of cryptocurrency which can create impact in their life to be a successful trader.

[Makus]

The problem with a lot of traders especially those that are still at an intermediate level is that they think it is possible to get rich from trading overnight but it doesn't really work that way. Like you said, flipping a small amount to a large amount of money is gambling and even if it works it doesn't change that fact.

One way to know people that gamble when trading is that they don't practice risk management, they are only interested in making huge amounts of money within a short period of time. 40x increase from such an amount is quite unrealistic and those that are experts won't attempt doing such.

[BRINIRHA]

Sometimes expectations that are not very reasonable are always expected to make everything troublesome, including in trading problems because most are always looking for quick profits instantly so they forget the actual basis that must be done to reduce the impact of risk.

Even for now there are still a lot of people who make trading as a guess based on instinct not analysis which makes the aura of gambling much stronger than usual. I am not a trader but I have done this before and now there are some people I know still doing the same thing where they are trading but not based on analysis but instinct that they do in the hope that hopefully this will work. Though this is clearly a gambling in the end not trading because he is like mengahrapkan luck when open positions and until now my friend is still in the same pattern because it is difficult to remember with losses that may be countless.

[Nothingtodo]

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

In futures trading, being overly greedy and trading out of control can be exchanged for complete gambling. I actually refer to it as being more dangerous than gambling in some cases.
However, in my case, I take utmost caution in futures trading and never use so much leverage that my chances of liquidation increase significantly. I never use more than 4x leverage. If I am asked to trade $200, I will use a stop loss and trade at a maximum of 3-4x leverage in futures trading based on short or long market conditions.

[GbitG]

I didn't understand your point like your topic title is a bit different form the post explanation....!!!! 

But anyway I got your point like your are try to figure out those guys who just blaming the SL for their lose. For me SL is not a bad thing because it's a limited for us to protect the rested capital. If my analysis was against the Bias and I took a trade then probably only SL wil be my last barrier for capital protection. So they shouldn't put the blame on SL despite they need to trigger out their risk management instructions because if you want to grow your account then you have  to choose better risk management instructions. Trading is not a quick rich scheme. It's a a psychological game with a better risk management.

Here chasing unrealistic expectations will make you broke. Always keep in mind that protecting capital is much better than chasing big target or 2x or 3x return.

[justdimin]

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

In futures trading, being overly greedy and trading out of control can be exchanged for complete gambling. I actually refer to it as being more dangerous than gambling in some cases.
However, in my case, I take utmost caution in futures trading and never use so much leverage that my chances of liquidation increase significantly. I never use more than 4x leverage. If I am asked to trade $200, I will use a stop loss and trade at a maximum of 3-4x leverage in futures trading based on short or long market conditions.

Newbies getting into futures trading is all because of a lot of misconceptions and improper guidance. They go around watching videos on YouTube from content creators who have content creation as their primary source of income but are fooling newbies in believing that they are expert traders and that their guidance and patterns can allow them to make a lot of money on no time. The newbies then surf through social media platforms where they again stumble upon people who are hungry for attention and validation, posting screenshots of how they are making so much money from futures trading while hiding their losses from those who are reading their posts. After all these things, newbies start to think that it's actually quite easy to make money through futures trading, and they decide they are going to do it as well.

However, as soon as they get started, use high leverage and guided by their YouTube mentors and so-called experts, they end up getting their positions liquidated and finally get a reality check. After that, some of them come back to their senses and realize their mistake and start learning themselves, and some will rage-leave the industry and this market forever by abusing both the guidance provider and the cryptocurrencies they were trading for making them lose all their money.

[Powerjumboo]

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

Actually trading is not an easy way to earn money, it is very difficult to earn money from trading. Now if I am given $200 and asked for a month's account after trading, then I cannot say anything in advance in this case because trading is very risky and it is very difficult to earn money from here. However, I will not do futures trading with $200 because if I trade based on speculation, I will definitely do spot trading because even if I lose, I can expect recovery through holding. Moreover, futures trading seems much more risky to me, for which I will definitely avoid futures trading.

[programmer3666]

I saw some people posting that they do not know reason I post against stop loss, this is another one.

This is not just what I am thinking, it is about how traders are feeling. They want to use $200 to trade, thinking they can go 40x which is $8000 to trade with, thinking of stop using stop loss because of that. Later after the use of stop loss, few wrong trades exposed them to more losses of money and the money on their trading account got liquidated just because they expect $2400 from their initial trading capital of $200.

You trade with $200, but expecting profit of not more than $10 monthly is far better than expecting $2400. Those that are expecting $10 monthly from $200 has higher chance to make money in trading and not think of stop loss than people that are using $200 to trade and expecting $2400 annually which is $200 monthly or more. Most traders fall under making more than 10x from trading in a year and they will argue that stop loss is good which makes other traders greedy.

This is exactly the reason most traders are losing. The old traders which are whales know exactly how to take money from these people.

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

A lot of newbies come into trading thinking it's a fast track to riches. They see people post big gains online and think they can do the same with a small account. So they crank up the leverage, ignore the risks, and hope for the best. But trading is not a lottery. It is about consistency, not hitting a jackpot like someone in a casino. With $200, expecting a few dollars a month is a very realistic thing  but expecting hundreds or thousands is just setting yourself up for big disappointments. The experienced traders know this, which is why they don't chase 40x type of gains, they focus on playing the long game in trading. And they are the ones taking money from the impatient ones. The basic and accurate statement when it comes to trading is that it is not about being right all the time but about not blowing up your account. with $200, I will aim for around $70 in a month, It is a bit ambitious but kind of doable if I apply patience and discipline. Not every month will be like that, but that is a realistic target to work toward without being too greedy.

[Hatchy]

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

You know the problem with most traders isn't even stop losses it's bad risk management and poor psychology of the market. They expect to have a flawless trade, where they don't have losses and that's impossible. Most times I don't blame them because of what I see alot on the internet. Most of these so called trading mentors paints trading like a dream game. You see them claiming to have months with no single losses. Only new traders will be fooled by such scheme.

What do I mean by a good risk management? For a trader who understands how the risk to reward factor works, you will know that sticking to a particular risk values saves you from losses. How? Lets say I'm the type of trader who risk $50 per trade, for every loss I make, I will lose that same amount and I can take up to 3 losses from my $200 account and let's also say my reward ratio is 1:4. Anytime I make a single win, I'll be able to recover back all the 3 losses I made earlier bringing my balance back to break even.

But say I'm the type who risk $50 today $60 or more tomorrow. I surely won't be able to recover my losses before my $200 will be exhausted and then my capital will easily get exhausted because of poor risk management and mentality. You don't have to always make profits so big to call your self profitable. Losses will surly come in and you must accept it.

[puloweh555]

I saw some people posting that they do not know reason I post against stop loss, this is another one.

This is not just what I am thinking, it is about how traders are feeling. They want to use $200 to trade, thinking they can go 40x which is $8000 to trade with, thinking of stop using stop loss because of that. Later after the use of stop loss, few wrong trades exposed them to more losses of money and the money on their trading account got liquidated just because they expect $2400 from their initial trading capital of $200.

You trade with $200, but expecting profit of not more than $10 monthly is far better than expecting $2400. Those that are expecting $10 monthly from $200 has higher chance to make money in trading and not think of stop loss than people that are using $200 to trade and expecting $2400 annually which is $200 monthly or more. Most traders fall under making more than 10x from trading in a year and they will argue that stop loss is good which makes other traders greedy.

This is exactly the reason most traders are losing. The old traders which are whales know exactly how to take money from these people.

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

Many traders especially beginners fall into the trap of getting rich quick. They want their small capital of $200 to grow to $8,000 in a short time. This isn't trading; it's gambling. The main characteristic of gamblers is that they don't use risk management, only chasing large profits, ignoring small but realistic opportunities. When trading the focus shouldn't be on how much profit a single trade makes, but on how consistently we stay in the market. Even smart traders prefer to grow their capital gradually with controlled risk, rather than going all in for the jackpot.

Essentially, if you trade like a gamble the results will be like gambling sometimes you win big, but more often you lose. So, focus on the process and risk management first and you'll survive in the market for a long time and profits will follow naturally.

[Byebyebtc]

You know there is one thing i tell most traders i know, "Get a job before you take trading seriously"

Not that it will only make you less desperate for money trough trading, but it will make you do things more strategically, if some one has a job that pays well what will make you want to make your leverage so large, except something is wrong with you. Trading has a bad name because it is too accessible, any person can just download the required apps and do rubbish and when the market has payed them for their behaviour they will start calling it bad names.
trading is a business manage it well learn trough losses apply risk management and you will get profitable, i know some people may say yoo is not as easy as it sounds, but if you consistently learn from losses you will only get better and eventually get profitable, but the emotions after the losses disorganise most people and the cycle continues like that.

[Solokan]

I've experienced having little capital but wanting to make large profits by trading futures. While it's true that if our predictions are correct, the profits can be substantial, the risks are also significant, and for those less experienced, it can potentially lead to financial losses. I've also experienced liquidation and ultimately suffered a mental breakdown because my money in the futures market was depleted.

Regardless of the capital, the most important thing in trading is consistent profits. Even small profits are better than large losses In my opinion, trading isn't about capital, but rather how well we analyze and maintain our mental health to avoid reckless trading which can sometimes lead to losses due to over-greedness

It's difficult to predict how much my can earn from $200 in a month, but I typically only earn a 13% profit on any given amount of capital

[Shinpako09]

Usually, those kind of traders are the ones that got fired up when they saw a post on socmed of someone winning with high leverage. They are trying hard to replicate it. That's no different from gambling coz they are trading blindly by dreaming of something that is far from reality.

A x2 or even less of your investment is good already, especially if you are just a newbie. Not every trade has to have a big return. A profit is a profit even if it's less than what you expected. It's still better than negative. If you are a newbie, don't dream of making a big profit coz that will greatly affect your decision making and it will only make you greedy from the very start instead of building discipline.

[Pandu Geddon]

Usually, those kind of traders are the ones that got fired up when they saw a post on socmed of someone winning with high leverage. They are trying hard to replicate it. That's no different from gambling coz they are trading blindly by dreaming of something that is far from reality.

And strangely enough, there are indeed many beginner traders who trade like that. Of course, everyone who trades is interested in making a profit. But what we see from many beginners nowadays really looks like gambling. That’s why signal group channels have a lot of followers. Some even don’t mind paying a few fees just to get signals.

[ndutndut]

Usually, those kind of traders are the ones that got fired up when they saw a post on socmed of someone winning with high leverage. They are trying hard to replicate it. That's no different from gambling coz they are trading blindly by dreaming of something that is far from reality.

And strangely enough, there are indeed many beginner traders who trade like that. Of course, everyone who trades is interested in making a profit. But what we see from many beginners nowadays really looks like gambling. That’s why signal group channels have a lot of followers. Some even don’t mind paying a few fees just to get signals.

Many traders, especially beginners trade like gambling simply because they feel confident or follow the signals of influencers or signal groups. They trade without clear risk management. Other reasons why their trading feels like gambling include a lack of knowledge, greed or fear of missing out on a price increase or a get rich quick mindset, which leads them to ignore analysis and rely solely on gut feelings.

Trading isn't gambling if it's done with a proven strategy, risk management, and edge as losses are common. However, most traders gamble without realizing it resulting in losses. Therefore, serious traders must abandon the mindset mentioned above. They focus on risk management and trading plans rather than on large profits. It's the focus on large profits that makes them unwittingly gamblers.

[Big Dirams]

Usually, those kind of traders are the ones that got fired up when they saw a post on socmed of someone winning with high leverage. They are trying hard to replicate it. That's no different from gambling coz they are trading blindly by dreaming of something that is far from reality.

And strangely enough, there are indeed many beginner traders who trade like that. Of course, everyone who trades is interested in making a profit. But what we see from many beginners nowadays really looks like gambling. That’s why signal group channels have a lot of followers. Some even don’t mind paying a few fees just to get signals.

Many new traders nowadays don’t even try to prioritize knowledge at all they just want to make money so badly and fast that they even forget that knowledge is the foundation to our success in trading. They don’t want to face any challenges at all that why as soon as they start the journey they just consider paying for signals groups so they could take a nap why the trader does the analysis and give them signal just for them to come and apply it on their profile and that not a positive idea of a trader who wants to make success at the long run.
Are we going to keep paying for signal groups all the time? when we can just sacrifice time and energy into building our own knowledge.

[nara1892]

Usually, those kind of traders are the ones that got fired up when they saw a post on socmed of someone winning with high leverage. They are trying hard to replicate it. That's no different from gambling coz they are trading blindly by dreaming of something that is far from reality.

And strangely enough, there are indeed many beginner traders who trade like that. Of course, everyone who trades is interested in making a profit. But what we see from many beginners nowadays really looks like gambling. That’s why signal group channels have a lot of followers. Some even don’t mind paying a few fees just to get signals.

From this alone, one can conclude that they are essentially losers individuals seeking profit without the willingness to learn enough to conduct their own analysis instead, they prefer to rely on signals from others signals of questionable accuracy.
Typically, such traders last only a few months eventually, they quit on their own, fed up with constantly facing liquidation.

My advice to anyone especially those of you here just starting out in the trading world is to first grasp at least the fundamentals of what trading actually entails, particularly regarding the risks involved. Trading is difficult do not simply waste your time and money on it.

[Peanutswar]

[...]

You trade with $200, but expecting profit of not more than $10 monthly is far better than expecting $2400. Those that are expecting $10 monthly from $200 has higher chance to make money in trading and not think of stop loss than people that are using $200 to trade and expecting $2400 annually which is $200 monthly or more. Most traders fall under making more than 10x from trading in a year and they will argue that stop loss is good which makes other traders greedy.

This is exactly the reason most traders are losing. The old traders which are whales know exactly how to take money from these people.

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

Other traders focus with their goal already in the future like they calculated the number of gains they can get per day and their target amount per day to become profitable but they didn't look on what they have right now. The set up, the market, the analysist and the strategy they will use throughout their trading journey so one of the thing to consider here is how you achieve that amount first in a step-by-step basis at the first place it's just a small amount and for sure you will not use a high leverage or else that capital will instantly liquidated.

But if I were that having a 200$ capital just a 20x leverage to 50x is just enough to make profit per day but of course not all day ideal to trade sometimes market is just sleeping having a set up for confirmation is a must before take an action.

[masulum]

But if I were that having a 200$ capital just a 20x leverage to 50x is just enough to make profit per day but of course not all day ideal to trade sometimes market is just sleeping having a set up for confirmation is a must before take an action.

for me, use 20x leverage is quite high already if started with $200 capital. of course, if a trader hit the right moment, they can make a profit quickly with that leverage, but they have to remember if the market often moves against their expectations. Sometimes, after just a slight retracement, the position being wiped out. how they feel if they are using 50x leverage, to see the price rebound a few minutes later after being liquidated?.

I personally, will try to wait good entry point rather than relying on high leverage. The profits may not high like using 50x, but at least my capital is safe and I can trade again tomorrow. The hard part in trading isn't making a single profit instantly, but maintaining consistency with lower risk to lose a lot of money.