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?
You are right! Trading is like a gambling. This is because you will never know what will be the end of your trade but its worth all the risk once you start earning. Lossing might destroy trader's heart but when you learn to deal with it, it will not gonna stop you to engage once again on it. I start joining trading because when every crypto are red, the best way to earn is through trading. Yes, it is risky but risk is part of the whole picture in trading.
I understand pretty well a lot of people considering trading as gambling, and no one is far from the truth anyway. Gambling in the literal term is predicting an outcome of something in the future and expecting it to go in your favor. That is simply a good definition of what trading sounds like.
The good thing with trading is you can make use of some tools to your favor and see how you can use that to get a good grasp of the market to your advantage and in that way, the gambling risk is limited and you get to hit the professional level in that case.
I agree with some parts of it.
But it is still way better with trading. Here you have a fallback. You can pull your tokens whenever you feel the market is going down unlike with gambling where you bet it you lose and there is no going back. What you bet is what you lose or win.
It is like there is a stopper with trading. There could be doubts or a change of mind and you can jump into other token if you want to.