There is some difference between trading and gambling... but the main thing I've learned over the past few months is to not trust the self-entitled trading experts. You know, those guys who appear online bragging about how they consistently have positive results and always make the right decisions? 🙄
The truth is... they are probably lying through their teeth.
3 or 4 of those self-entitle trading experts actually insulted me for holding on to BTC when it crashed to $3600 and they advised me to do "the only logical thing" (according to them) and that would be selling all the BTC around $3600 and short it from there... and add more money to the short every time it moved up.
They said they were doing it themselves and they would become rich with that strategy.
Well, not even 2 weeks later they were still shorting while BTC had nearly doubled. I confronted them about it and said something like: "Boy, I'm glad I didn't listened to you experts. You must be really hurting, eh?" 🤔
Guess what? They got mad... insulted me and banned from their channel... 🤣
I wonder if they are still shorting the market or if they have lost their shirts already. The market just kept moving against their biases.
So, now you know... when you see someone bragging a lot about trading, beware. He's probably lying and wants you to sink along with him. 😑