Post
Topic
Board Trading Discussion
Re: A few key points distinguishing traders from gamblers
by
Quidat
on 24/03/2022, 21:14:27 UTC
well, the very big difference i know from gamblers and traders is, gamblers purely expect luck in doing that, while traders are based on analysis, research and also other things to get it. Moreover, in the world of traders you are not risking your money 100%, even when the price drops, you still have the same amount of assets. whereas in gambling, when you lose, you lose everything.
Traders and gamblers share a common thing, both have risks. But traders have their own way to lessen the risk because they make preparations prior to trading. And by making theirselves exposed to technical and fundamental factors in trading, they create higher chances to win their trades. However, gamblers do the opposite thing. They always gamble with no preparations, just pure luck. And when they start to gamble, they mostly go all in. So they end up losing everything.
Risks level would be different and we know that when it comes to sustainability then trading would really be giving that out thats why its important that you should
not really having that gambler like mind whenever you do make out trades because it would just really result into a messed up trading analysis.
You should separate that kind of mindset because it would really be never that looks good nor even beneficial thats why you should really be
that careful on handling up yourself.