Quote from: Mr Reporter on Today at 09:20:34 PM

Quote from: SATWAT on Today at 10:20:46 AM

Understanding of risk management is now crucial because without having a better understanding of this, no one can take good results always keep your eyes on your available sources and then go ahead with these otherwise things can go out of the way which never ends in good.
Take your decisions without the involvement of emotions and always have a review of your situation because if it's not working surely troubling times are ahead of you and things are never going to be favorable gambling for fun is always ok but jumping for big profits and dreaming about being rich is more risky because here it never works as we want.

Even though most are feeling trading and gambling are the same level of work, it never works without having an understanding of risk management.

Well to me I have come with the concept that say By prioritizing risk management, individuals can make more informed decisions and avoid unnecessary pitfalls. Whether in trading, investing, or other high-risk activities, a solid understanding of risk management is essential for achieving long-term success.

Risk management is what distinguish a wise gambling from an addicted gambler and it requires that before you ever place a bet, you would have calculated the level of risk involved and the corresponding amount of money you are putting into it in relation to the balance you have to justify that bet. In other words, you act in appreciation of the fact that you don't control the outcome of the bet but you can only control how much leaves your account per bet and ensure you stay long enough in the business to be able to have the opportunity to profit from the business of gambling.