When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?
There's a thin line between trading and gambling. In trading you really need to focus and should not let that simple slip, otherwise you will really suffer the consequences. So you need a lot of discipline and mental toughness and not to be too
greedy, otherwise you will fall in the gambling mindset and the last thing you know, you have lost everything including your capital. I know its really hard to control our emotions here, but if you can't then I guess you should really go on gambling and try your luck there.
Even you wont slip you would still face consequences or loss of money which this thing is always been a normal part of trading.Sometimes our emotions will really lead up on how we do trade up and our actions is already based up on what is our emotion do tell us this is why self control would be always crucial when it comes to trading when you are acting up on not focusing anymore then most likely you are doing already a gambling thing.