Quote from: Franctoshi on November 16, 2023, 01:46:22 PM

Quote from: yudi09 on November 15, 2023, 11:09:50 AM

People here too easily compare trading with gambling. Trading without basic knowledge is what the bad traders are and they are the traders who will lose money. If the trader is prepared to lose a lot of what he earned, I tend to believe that the trader is probably learning to gain a good knowledge of trading.

Those people who think that trading is gambling are people who go into trading and approach the market with the mindset of a gambler. They don't follow the rules of trading and they jump in and jump out which is not so. Before you should take any single trade you must have a proper plan, that is your entry and exiting point, Take profit and stop loss, and must have your terms and conditions of taking a trade met and never be in a hurry, trading is a waiting game, when you hurriedly enter the market, most likely you would either hurry out with a lose and that is not how to approach the market.

Quote from: Franctoshi on November 16, 2023, 01:46:22 PM

Those people who think that trading is gambling are people who go into trading and approach the market with the mindset of a gambler. They don't follow the rules of trading and they jump in and jump out which is not so. Before you should take any single trade you must have a proper plan, that is your entry and exiting point, Take profit and stop loss, and must have your terms and conditions of taking a trade met and never be in a hurry, trading is a waiting game, when you hurriedly enter the market, most likely you would either hurry out with a lose and that is not how to approach the market.

People who think trading is just like gambling are the ones who gamble with their money by investing them in shitcoins and meme coins with the hope of hitting the jackpot and getting a lot of money without even understanding the true essence of trading and the cryptocurrency market, they don't know anything about trading and proper trading practices, they think that just like gambling, trading is also dependent on one's luck just because the market is unpredictable but that's not true.

Such people learn and grow and then realize their mistakes and that they shouldn't have done what they did in the past and should have approached trading with a different mindset, it would also save the money they might have lost in those useless projects and tokens that they've bought without any research just for high profits.