You know the thing is that many people think that it is easy to make a profit basically the traders I believe that even though you know what you're doing in Trading that will not make you to think that every time you be involved in making profit if it is so many people would have become a billionaire in Trading but I know quite well that all these things is all about luck and opportunity so if you don't have such opportunity something that you'll be able to make profit.
When trading become a thing of luck, that is where I feel it is not committing ones life savings into because it is possible to be lost completely. The reason many people indulge in trading rather than investing is that they have the illusion that trading will make them rich overnight so they come in with the millionaire mindset to reap the market only to find out that it was not what they thought, after they might have paid the ultimate price. All the bad attributes that make people to fail are found in the quest for to become rich overnight through trading and that is where people miss it.
Instead of doing trial by error with my money, I prefer investing such money in Bitcoin which I no is not going anywhere soon. I rather watch my money grow gradually over the years than see it disappear with few days of bad trading experience.
This mind set of making it overnight is the same mind set of a gambler, some people has come out with facts that trading is not gambling because is not a game of luck, they say is a game of intelligence, they say if you study the market very well you will know what will happen next and that's who you predict and win, however some set of people has also come out to say no matter how good you are in studying the market you must lose one day and I think all traders believe there will be a lose one day when trading but let your winning be more than your losing.
Now some gamblers also believes if you study a game very well it gives you a chance of winning.
I have played gamble before and that was on soccer I predicted some teams to win and that's because I have been watching soccer for years and I know the strength of teams I predicted to win sometimes my predictions works and some time it those not.
Trading and gambling may not be the same but it has similarities.
They are both risky and anything can happen if you are losing more than you are winning please stop, some people may $100 today the next day he wins $150 and the following day he wins $100 again and a week later he lost $550 in a single day you are losing more than you are winning, some people don't calculate the amount they calculate the number of times they have won and lost and think they are doing better, what everyone should be checking is the amount lost and won.