Indeed. There are several factors that ensure we can at least get regular profits in trading. One of the most basic things you must have is knowledge and insight about crypto, trading, and several other related knowledge. Because without that, trading is actually just like gambling, without skills and knowledge, just hoping for luck. And this is really a bad idea to trade with a concept like this.
For this reason, we have discussed and read several times regarding tips for trading, especially for beginners. In fact, knowledge is very important. Then, after having good knowledge, it must also be combined with various other factors. Such as discipline factors, wise and good financial and risk management, as well as good emotional regulation and control. Because of that, everyone will also be involved during trading, whether they are beginners or those who have been playing here for a long time.
Good finacial and risk management, things that also affects the outcomes of your trades, it's more on how you handle different situations as decision making mostly affects of your knowledge, if you have good insight, then you may continue developing your chances to earn, though if you failed then for sure you will going to deal with it as same as gambling, better to earn and seek for more ideas and compose it to create better strategy that may work accordingly.
True, in some cases I often find that there are some people - people who fail in the world of trading because they are wrong in treating the activity, there are some of them who treat trading like gambling by relying solely on luck by making decisions without being based on knowledge or understanding, or maybe I would also say that the decisions they make have no basis to be used as a reason.
In the end it is clear that such an approach will only be a waste of money and time, because of course after all trading is a skill-based activity which means that one's knowledge can be used as a basis for decision making to create more certain profit opportunities. So in this context maybe one thing I would say is that it is better to spend more time learning related to anything that can increase the chances of making a profit such as learning various new strategies along with learning to understand market cycles in more detail, and another thing is not to forget to train your mental and psychological to prevent emotions that dominate especially when you experience losses.