Is Trading Gambling?

3 May

How many people lost money within the past 60 days?
How much invalid effort has been made?

Trading crypto assets is basically gambling.
Based on my experience and the traders I've dealt with, I haven't seen any traders who consistently use leverage and make a fortune. It's common for traders to see 100% return on investment (ROI) in a month, then lose everything in a single day.

To repeat, Trading crypto assets is basically gambling!!!
Because of the weakness of human being:
Lack of discipline, improper position sizing, and canceling stop-loss orders are all recipe for disastrous risk management.
Emotions: Fear and greed
Loss Aversion, Humans feel the pain of losing more intensely than the pleasure of winning.
Sunken Cost Fallacy: People are reluctant to walk away from something they've already invested in, even if it's a losing proposition.
Confirmation Bias: Seeking out information that confirms your existing beliefs about a position, while ignoring contradictory evidence.
etc..........

So if you are human being, stay away from trading, consider exploring alternative investment options like AI-powered signals, automated services, or ETFs with a history of consistent returns. However, remember that even these involve risks, so thorough research is crucial.