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- Are You a Trader or a Gambler? How to Tell the Difference.
Are You a Trader or a Gambler? How to Tell the Difference.
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The other day, someone told me about a rough night they had in the market.
They were watching a price chart swing up and down like a rollercoaster.
Earlier, they’d seen a Telegram post saying, “This coin is going to pump — buy now!”
Without thinking twice, they jumped in.
No chart analysis.
No stop loss.
No plan.
A few hours later, the price dropped hard.
Instead of cutting the loss, they bought even more, hoping it would bounce back.
It didn’t.
By midnight, their account was down 40%.
That wasn’t trading.
That was gambling.
The Difference Between Traders and Gamblers
1. Traders have a plan. Gamblers have a feeling.
Traders know their entry, exit, and stop loss before clicking “buy.”
Gamblers just follow tips, hunches, or hype.
2. Traders manage risk. Gamblers risk it all.
Traders only risk a small portion of their account per trade.
Gamblers throw everything at one “sure win.”
3. Traders learn from losses. Gamblers chase them.
Traders review mistakes and improve their strategy.
Gamblers jump straight into another trade, trying to win it back.
💡 The Self-Check:
Before you enter your next trade, ask yourself:
Do I have a written plan?
Do I know my risk?
Will I be okay if this trade loses?
If your answer is “no” to any of these… you might be gambling, not trading.
The good news?
The person who told me this story didn’t give up.
he spent the next few months learning how to read charts, setting clear entry and exit points, and managing their risk, inside pro trading community
Now, they don’t take a single trade without a plan — and they sleep a lot better at night.
Because in the market, mistakes aren’t failures… they’re lessons.
As long as you learn, you can come back stronger.
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