Re: Traders or Gamblers? Most of Us Don’t Know Which One We Are
most people in crypto trading don't have a strategy — they have a hope.
This often happens to beginners, who do not master the skills technically and trade only relying on speculation. Such trading will not last long if traders do not recognize their mistakes and do not upgrade their skills. What happens is that they feel frustrated with losses and then just leave trading altogether.
Many people give trading advice, complain that other people are losing in the trade, and even accuse these other people of gambling and not trading. But the funny thing is that the same people who are giving advice and criticizing can't post proof that they are at least part of the small group of traders who are profiting. Yes, I said small group because in fact, there are few people who actually make profits in day trading or even long-term trading, as you can see in this article:
https://tradeciety.com/24-statistics-why-most-traders-lose-money
There are less than 10% of people who are making a profit from trading and I highly doubt that these less than 7% who are making a profit are on forums talking about people who are not making a profit or giving advice. People who are making a profit are probably traveling to luxury places and doing tourism in distant places.