Quote from: FontSeli on May 10, 2020, 02:51:06 PM

Technical analysis works well in the stock and currency markets. In the crypto market, I have seen enough cases when technical analysis made serious mistakes. I may have applied it incorrectly and these were my mistakes. However, it is true that gradually the more you trade you learn to do it better and better. And for a long period of time, a skilled trader will trade with profit.
When playing dice, you can't influence the result in any way with your ability, you only need luck.

You are right I think there should be two separate technical analysis for crypto and the stock market.

Quote from: ERKO20 on May 10, 2020, 03:12:54 PM

Many traders are offended when gambling is compared to trading. But my personal opinion, there really is a lot in common.

Because the traders study the market, they plan for an entry point and wait for an exits point by analyzing the chart. They do not depend on the chance only. On the contrary, a gambler needed to make a plan that depends purely on the chances.
In gambling, there is always a chance to lose all of your money, how much experience you maybe it can trigger your bad emotions after couple of bad or good luck. But in day trading you are not going down to zero in a single day. You may lose a good amount of money but you have enough time to clam down your mind and replan again.