12 Nov - 26 Dec
Total return: 202%
Coins: SYS

Novice traders are the majority in the market, and they rarely see value until the this value is most markedly demonstrated to them, which is often when a coin is hitting all time highs and skilled traders have already cashed out 200%+ profits. This means the majority of participants in this market do not lead, but are led into speculating on the continuation of a price-move (gambling), rather than understanding why and when an actual move is going to occur (trading). This is why they fail, repeatedly.

SYS

Is there any difference between trading and gambling?

The greater portion of participants in this market maintain both a conscious and subconscious view that trading is gambling. This is why they fail consistently.

There are people who have been trading Crypto Currencies since the first batch of altcoins were rolled out, and they are still under the falsehood that successful trading has more to do with chance than anything else. This is why they continuously lose money in the market.

You see, whilst the majority of Crypto traders will forever be on the losing end of a trade there will always exist a small minority of skilled market participants that approaches crypto in such a way that guarantees a profitable output from their every action in the market.

Trading and gambling, as the words are used today, are substantially interchangeable, but nevertheless there is a marked distinction between the two. All traders are not necessarily gamblers, although all altcoin gamblers are traders.

The term trading pre-supposes intellectual effort; gambling blind chance.

Trading is a venture based on calculation. Gambling is a venture without calculation.

The uninitiated believe that chance is such a large part of trading that they continue to act as if this is the case. Thus, their every action in the market serves only to enrich those who play the game the way its supposed to be played.

The uninitiated believe that there is no certainty in trading. Yet they continue to trade anyway.

Gambling Definition
a. To bet on an uncertain outcome

You see, the belief that there is no certainty in trading is a serious error that, again, forces unskilled market participants into acting as if this is actually fact, which renders all of their activity in the market as mere gambling.

Trading without an edge is just that, gambling.

Unskilled traders will log onto Bittrex on one random Thursday, after browsing twitter for tip-offs, with the sole aim of catching some waves or scalping a quick x2. A winning recipe for failure.

Even the research that they do conduct is so irrelevant that it only helps to hasten the process of them losing their entire trading fund.

These novice traders see nothing wrong with taking a trade without having a holistic understanding of what the bigger picture is. Novice traders are gamblers.

Instead of gaining market poise, developing a sound opinion and trading in the direction of that opinion, novice traders will wait until they see that a coin is moving then they will bet on the continuation of that move which gambling.

Successful trading must include judgment, common sense, and market perception; whereas altcoin gambling is nothing more than guessing on the next few upticks.

An average trader may acquire market poise from time to time, the altcoin gambler never.

A skilled trader knows that there is no justification for taking a trade without any certainty of the outcome. He knows that trading isnt only the act of buying and selling but is also the research conducted beforehand.

Whilst novices only use the 6hr, 12hr and 1d charts, (which is like trying to win a boxing match with both hands tied behind your back) Skilled traders are fully aware that the answers to all of their questions, regarding price movement especially, are hidden in plain sight in the ALL chart. Thus when they trade, they have market poise.

Market poise is the result of a sense of mental well-being confidence in the outcome of a speculative venture which has been entered into calmly, thoughtfully, and deliberately. Market poise is engendered by judgment, rather than by guess-work; by conservatism instead of rash chance taking: by the willingness to remain on the sidelines until a high probability trading opportunity reveals itself.

You see when, after thoughtful deliberation and commonsense analysis, we come to the conclusion that a certain coin is trading below value when we feel confident that its price action reflects intelligent accumulation and we purchase it, we are mentally at ease. With our having calmly considered all known factors, there is no reason for lacking confidence or for being apprehensive of the outcome.

This is something novices and unskilled market participants know nothing about. They never develop market poise because they are constantly gambling on the continuation of price moves that have already provided skilled traders with 200%+ profits.

So, with all that has been said, what is the gamblers remedy?

The average trader, because of the difficult task of controlling his emotions, temperament, and characteristically human faults, has far greater chances if he trades on the longer-term movements of coin prices than if he attempts to trade in and out for small profits.

That is the secret.

You will live more happily, worry less, you will gain market poise, and will curb your natural impatience to jump in and out of trades thoughtlessly all whilst making more than adequate sums of money.

The Ultimate Buying Strategy

Tip: Gambling isnt trading, and trading isnt gambling. To be consistently profitable, your strategy must be thoroughly proficient in exposing high probability trading opportunities if not, then for you, trading will always be a losing proposition. If you dont have a method (an edge), then trading is every bit as much as a gamble as betting in the casinos. But with a method, trading becomes a business rather than gambling. Fortunately for us Crypto traders, whereas the casinos can ban players because they become too proficient, this market has no way of eliminating the skilful traders. Therefore if you have an edge that provides you with the most unfair advantage over other traders, no exchange can come to you and say, Weve noticed that youre making too much money. You cant trade here anymore.

SIDENOTE: You want to eliminate as many poor-percentage and high risk trades from your repertoire as possible. Once you have done this, you will see a dramatic boost in your overall profitability. Trading less and taking only the best-percentage trades are such an important part of pulling consistent wins. Ask yourself before each trade, why am I taking this trade? If you dont have an answer or cant justify the answer, then skip the trade. To develop the mentality needed to win in Crypto, you must develop a high probability strategy. It is as simple as that. You must have the discipline to sit and wait for only the most optimal trades where all the factors of a bull run are lined up and painfully obvious. Only then should you be putting on a trade.

Note: BTC is a buy right now. Pay attention to the price and execute your buys at the low points.

Twtter: @Pumper_Ryan follow for daily picks, and updates.