Quote from: Mpamaegbu on May 10, 2025, 06:58:38 AM

Quote from: Cpt_reader on May 05, 2025, 10:54:36 AM

Trading is actually a dangerous profession. Trading is like gambling. In a moment, someone becomes rich and someone becomes poor.

No, trading isn't a dangerous profession. Don't see it that way. The only way someone could become rich today from trading and then poor tomorrow from it is if they became over confident from their winning and then jettison their trading strategy and plan. The market has a way of disciplining traders like that. It doesn't like traders getting over confident. Every trader should learn how to stay down and humble while winning. It helps take off pressure and impatience from them.

However, very few people have made a profit from trading. It takes a long time to recover the losses that are incurred while learning trading. That's why I said trading is dangerous. After learning trading, you can definitely make a profit. Again, sometimes the market goes down so much that it becomes impossible to recover, and the amount of loss that is incurred is often impossible to recover. So I think if you trade at the right time, you will make a profit. If I had taken a trade in a good token 15 days ago, I would have made a profit three to four times today. And in this case, you could have become rich.