Trader📈 VS Gambler🎲: who are you?

14 ביולי 2022

Press the "like"👍 button if you find yourself at this charts.

Hi friends! Today i`ll give you 5 simple advice how to improve your trading results if you are beginner. But first of all we have to identify who you are in trading.

📊Who is a gambler? A gambler is a person in the financial markets who:
1️⃣ does not control his/her risks and can use leverage without thinking about losing capital
2️⃣ trades mainly on info occasions (someone said something somewhere in Tweeter or Reddit)
3️⃣ does not have his/her own trading strategy and style
4️⃣ wants to make money and lambo as famous influencer here and now, without even knowing how to calculate the size of the position or the ability to determine the market trend

🚩Why is gambling so dangerous? Once you have earned a lot of money and of course lose it, the gambler is trying to win back, losing more and more money. This is a condition of excessive greed.

📊Who is a trader? A trader is a person who earns by buying cryptocurrency cheaper and selling it higher (long), or by selling it higher and buying it lower (short).

🚩Why a trader can make money, but a gambler can't? The trader follows these rules:
1️⃣ knows his/her trading style and
2️⃣ knows WHEN and WHY he/she buys or sells cryptocurrencies, which means he/she has a working trading strategy
3️⃣ is not afraid to miss opportunities, because he knows that the market gives them all the time
4️⃣ gradually increases deposit and increases the size of trades step by step
5️⃣ asks more experienced traders for advice, because he wants to avoid making the same mistakes and saves his time for trading

🔥The trader grows gradually, step by step, he is interested in new approaches, adapts to the market. If you are reading this idea now, it means that you really want to improve your trading skills and you are probably not a gambler.

✅How can you switch from gambling to trading mode? It's very simple if you start to follow the trader's points:
1️⃣ Define your trading style. Who are you: a scalper, a swing or a position trader? Try different styles and understand how you trade comfortably, which one gives you more pleasure and results. Don't forget about these 2 points.
2️⃣ Create or borrow a trading strategy that suits your trading style.

📈 If you don't know how to determine your trading style and where you can get free trading strategy, leave the comment or DM. I'll give you some advice.

3️⃣ Start trading with a small deposit. This will save you from possible losses due to inexperience, but it is worth to try. For example, use $50-100 or a demo account. If you can't make money with $100, how can you make money using $10,000?
4️⃣ Get in touch with newbies like you and share your trades. This is what our community of more than 800 traders with different trading level allows you to do, either share your ideas in comments on trading view or post your ideas and test their success over time.

🚩Of course, perfect trading only happens in a picture. Catching a stop loss because of your own mistake is a common thing both for an advanced trader and a beginner, but you have to work on your mistakes. 1 out of the 5 lessons in my mini-course is about typical trader's mistakes and how to fix them. Enjoy it!✅

Traders, what would you add to the traders` list to improve trading skills? Let`s discuss in the comments.

💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.