Quote from: letecia012 on October 21, 2018, 02:47:12 AM

Quote from: Owen7021990 on April 06, 2018, 02:31:32 AM

Here are some characteristics of successful traders and gamblers:

A gambler:

- Have no transaction method.

- Do not take notes of your views on the market trend daily.

- Dont care about risk management

- Spend most of your time focusing on winning and making profit.

- Let emotions dominated their mind when trading

-Place orders without consideration.

- Place too many orders

A trader:

-Understand and master an effective trading method

-Have a clear and specific trading plan and comply with it.

- Have a daily note on market view and trend

- Pay attention to risk management for each trading order

-Dont set making profit and winning as their 1st priority

- Only make the deal when the price model matches the method.

-dont let emotions control their actions

- Consider coin trading as their career and daytime job.

If you have those characteristics of the gamblers, you should change it immediately. If you have trader traits, maintain them for as long as possible and remember to always think twice before doing.

This does make sense if you able to follow this trading plan probably you have a higher chance to become a successful trader in the future.

This is all what you want to know about the traders and the gamblers. One basic difference between the two is that a trader will make strategies and plans and will stick to his plan while having a glance over the market but a gambler will on the other hand stay idle and might not take into account the daily important updates that require you to change your business model again. Being careful about the initial investment can make you very successful which is something the gamblers do not care about unlike the traders.