Re: Journey from gambling to trading

in gambling we need only one thing that is money

but in trading we need many things other than money,money management , emotion control , analysis , i can say Trading is professional gambling Grin

Unfortunately, for a lot of people that got into trading, they actually took it as gambling, and they thought if they can at least have some pretty good bucks to trade, that is good enough for them, but they fail to realize that there is actually no chance at all to make something good out of trading if you think only your money is what will get you there.

The reason so many people who tend to trade well today, went through the process of learning and practicing over time to get better is because they understood immediately the value of knowledge and know pretty well that without it, there is actually not going to be any chance at all for them in making anything substantial from trading which at the end would just frustrate their efforts.

Normally, anyone that gets to see trading as gambling is someone who would in the long run wish they never had such mentality because there is no way they will never get burned. Trading is something that can be quite rewarding if you take your time to get the knowledge you need as well as the experience from practice without having to rush anything. As long as you have the mindset that you want to hurriedly start making huge bucks from trading without any knowledge and strategy, which is where the problem is going to start for you as an individual.

But isnt the gambling that let you earn big better than trading that make you loose? One thing that is good about Gambling is that it is something that depends on your skills and knowledge about probability.

If you are good enough to play the way that maximizes your probability, it is better to keep on playing. Trading coins that when the market is in good situation is profitable no doubt but when the market is not in good vibes, your abilities are hindered to cash out profit.