while you may not earn consistent profits over the short term, over the long term the superior traders must win more often than not, this is similar to what happens when a really good team faces a bad one, can the bad team beat the good team any given day? Of course, but if they were to face each other a lot of times then the good team will beat the bad one most of the time.
because the bad team mostly think like this:
if they face losses between some wins and lose in something like 2 trades consistently, which causes them to increase leverage take high risk to quickly recover that loss in short time.
Most traders don't have enough patience to wait and recover lost amount slowly, they try to recover loses in one trade and eventually following this pattern they lose more and more in the end.
When we are chasing loses, there is bigger chances of us losing more because emotions will always drive us to do somethings we are not supposed to do on an ordinary level. Gambling and trading are almost alike when we look at the patterns and how easy people quickly fall and become victims of bad day when they chase there loses. If we can uphold ourselves and make trading plans with discipline, we might not become a victim of unnecessary loses because we will want to stick to our trading plans. Whether we are gamblers or traders we need to do what we ought to do to maintain high winning rate.
With uncontrolled emotions everything will become a mess. As in gambling, of course someone who plays gambling but cannot control their emotions will experience continuous defeat without realizing the many losses that have been lost because of gambling with emotions. if they cannot control their emotions and control themselves this will bring disaster to that person, with the many losses that are lost will cause them to be miserable sooner or later. I think most people are like this, they play without a good mindset until all their money is gone.
Gambling and trading are not much different, and both of these things are inseparable from discipline, if they have a disciplined attitude maybe they will be able to limit their gambling games and not fall deeper which will harm themselves in the future. But in my opinion it is better to trade si than gambling, if trading can still be called an investment because if you do it with the right knowledge, of course this will be profitable. Unlike gambling which in my opinion does not need deep knowledge, just place a bet and wait for the best round to make a profit, but it is inseparable from luck.