Quote from: shield132 on Today at 02:48:50 PM

Quote from: Gooner0 on August 07, 2024, 10:21:48 PM

>well am no fan of Gambling, due to my experiences in the past, I decided I would quit gambling.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.

I have gained and lost lots of money via trading. I partially agree with you, it's really like gambling, especially if you trade with meme tokens or invest in coins that you have no idea about and those that are ranked 1000th and higher on Coinmarketcap. Also, consider that absolutely every trading session automatically becomes gambling if you use leverage trading or open a short position on the futures market.
I suggest you to buy a coin, for example, Bitcoin and wait for months or years until it reaches a certain price point where you'll get the desired profit. If you do day trading, then you'll be gambling because you are not a whale, you are a fish in the ocean full of whales.

Whether you're a beginner or pro in trading, it won't hide the fact that you are dealing with such an unpredictable market, hence gambling will always be possible. However, the good thing is, with sufficient knowledge and experience that you will gain after all those days that you have been trading will enable you to manage your trades more wisely and smartly, hence minimizing the possibility of turning your trades into gambling.