Post
Topic
Board Gambling
Re: Flip or Trade? What’s The Bigger Gamble?
by
maydna
on 09/10/2023, 13:32:29 UTC
When I discuss day trading, I mean those who buy and sell daily, akin to high-frequency trading. This contrasts with longer-term strategies where you can wait out unfavorable prices. In day trading, swift decisions are vital due to daily market fluctuations. This rapid pace inherently increases the risk, as opposed to the more patient approach of holding assets longer-term. Thus, day trading, given its unpredictable nature within short time frames, can feel a lot like a gamble.
Speed in making decisions must be accompanied by the ability to analyze well so that we can enter or exit trades on time. Those who buy and sell every day must have analytical skills to find the coins and make a profit. But most people don't want to learn analysis and only depend on other people. This will make trading like gambling because they do not have a basic analysis determining when they enter and exit.

And if they stay like that, they are just gambling in the market because they don't know how to find the coins and are just waiting for what other people suggest. That's what we have to avoid if we want to trade.