If you've been in the crypto world for a long time, you've definitely heard a big shot say, "Trading is gambling; there's no real skill involved." That's right, the essence of trading is gambling; you are betting your capital on uncertain returns. The uncertainty of returns (positive/negative, large/small) determines the nature of the gamble, just like marriage—if you choose the right person, you'll lead a happy life; if you choose wrong, it can be chaotic. Anything with uncertain outcomes and probabilities has a gambling nature. Trading has the nature of gambling, but it is not gambling; the difference lies in probability and cost control. Most retail traders turn trading into gambling because they initially lack profitability (losing their probability advantage) and invest too much (high costs). After suffering large losses, they seek mentors or teachers, getting scammed repeatedly, slowly depleting their capital and leaving in shame.

Losing money isn't scary; what’s terrifying is the erroneous trading concepts and bad trading habits formed during this process, which are very difficult to change. This is also why many people go through countless learning experiences, switching teachers repeatedly, yet still can't break free. On one hand, there are too many second-rate scam teachers; on the other hand, the trading techniques popular in the market are mostly basic moves, lacking depth, like an exorcism sword technique without a manual. Moreover, even if you encounter a great teacher, mastering the skill doesn’t happen overnight; the process of practice is still essential later on.

In fact, learning is very simple; reading classic trading books is enough. The key is that learning from books is too strenuous for most people; many want to take shortcuts, like expecting to copy others' homework. In reality, trading is about extremes—you either stand at the top or fall into hell; situations where you make some extra cash by following others are rare. So either don’t do it, or do it seriously. Don't be fooled by those flashy profit charts, just like a beautiful woman's face; it looks pleasing, but it costs money to get serious!#交易认知