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Messages - DragonF

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1
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Because of that i sticked with learning myself when i started out trading, YouTube was my go to place for learning then and now because we all learn something new everyday.
Learn self-taught and it can be successful if there is the intention and willingness to continue learning.
Moreover, now learning is easier and you can rely on AI as an assistant to know various kinds of knowledge including trading and you just have to ask the AI and it will be answered according to the data that the AI has.

Truly, there is a lot to learn about trading online. There are online teachers whose services are free and so it takes only a trader with the right mindset and focus to put good use of those things learnt through practice. Trading is not theoretical and so as a trader learns there is need for the practical aspect of it.

As you mentioned, AI can provide answers to any question asked, so a trader can take advantage of this by asking basic trading questions and receiving instant responses that can help him improve his trading skills.

2
Gambling discussion / Re: Gambling: for fun or to earn money?
« on: April 21, 2025, 05:08:15 PM »
There seems to be so many forms of gambling that present an opportunity of making money, the truth is that it is a way of practising folly. Basically, the operation of gambling is such that the outcomes can not be predicted or controlled with hard work or skill in an effort to make earn a living off it. First time luck can be easily spoilt by a series of loses that will eliminate every profit that you make. A constant and sure thing will definitely tend to be more lucrative in the long run hence, gambling should be seen and portrayed as an entertainment activity.

The fact remains that even if gambling is for entertainment there is still need for a gambler to gamble responsibly because the only reason why people are discouraged from gamblimg for money is the tendency to be financially ruined ordinarilly there is nothing wrong with chasing money through gambling.

So, if a gambler is gambling for entertainment he should still understand limitation. Reason been that our mindset is not known to the betting site and whatever is staked can be lost whether the essence is for entertainment or money making.

3
Ideally, the government should have the responsibility to ensure the lives of all citizens. The government is elected by the citizens, so they must prioritize the needs of citizens. Unfortunately, when those people who have been elected to to carry out government function, they feel that they have the power to do anything. So, they start to accumulate wealth for themselves. That's why there should be an institution that can remind them, the institution that can punish those people who don't work properly. Sadly, the government can influence any institution with their power, so they are safe to do anything.

Yes, the government exists to serve the people. Since not everyone can be chosen to lead state affairs at the same time, the government is made up of a chosen few who were put in place to safeguard the interests of the general public. Even Nigeria's constitution states unequivocally that the primary duty of government is to protect life and property, but the government does not prioritize this responsibility.

The only time we feel government presence is when an election is approaching, and once elected, individuals begin to feel untouchable because they believe they do not need citizens for anything. This is so bad that most citizens can not afford to eat, but those in office have enough money saved for their tenth generation. 

4
First you having in mind to be an entrepreneur you must know it is an occupation or a profession,for your business to generate more income it lies in your hands,packaging is the first step you must consider it makes you look unique from others,it attracts the organisation by bringing more consumers to petronise that products,so in every business packaging is very important is the tool of business promotion..

Becoming an entrepreneur is not a "guy name." There is a lot expected of an entrepreneur. An entrepreneur's level of planning and dedication should be double that of an average businessperson. An entrepreneur must demonstrate exceptional consistency. It is this consistency that will propel the drive to greater heights, regardless of the challenges that every business faces.

Packaging is an important issue, as you mentioned. Even though the business is not new, the packaging will always make a difference in a competitive business environment. People may be drawn to a business if they are pleased with the packaging, as this is their first impression of the business.

5
To build long-term wealth, a person must be willing to diversify. Diversification allows a person to make a lot of money. When you look at billionaires, they have multiple streams of income and are constantly expanding and thinking of new ways to provide utility to people while making money.

Having multiple businesses is a strategic move by billionaires to maintain their position of wealth. The more expansion is undertaken, the more money the billionaire accumulates, and when these streams of income begin to perform poorly, his wealth begins to depreciate. It is this consciousness that drives billionaires to continue creating businesses.

6
Cryptocurrency Trading / Re: Are You Afraid of Trading?
« on: April 20, 2025, 11:37:47 PM »
Mental aspect should be improved when we have more experience in trading. However, to ensure that we have better mentality, we must have good understanding. So we don't panic to face any condition in the market. Sure, there are traders who don't care with the mental aspect. They may assume it is not too significant matter in trading. However, I agree with you that mental is very crucial in trading.

Yes. There are always up and down of crypto prices in the market. But we shouldn't panic if we know it well. We must understand that there should be pump after dump. As long as we understand this, we will have good mentality.


I agree with your thought. Mental capital is not improved only by research but most of the times it is improved by experience. The fact that it is always said that experience is the best teacher portrays how big the role of experience in developing the mental capital of a trader.

No trader wants to make the same mistake twice, so experience will help the trader avoid the trading behaviour that caused his loss.

7
Gambling discussion / Re: Gambling and Emotions !
« on: April 20, 2025, 11:12:36 PM »
On point, whenever one is gambling, one should not gamble with emotions, just as you said, gambling with emotions can lead one to make decisions that might affect them later on, which they will regret doing it at first, because gambling with emotions can make one to gamble more especially if one is losing, they would want to recover their loss and it might lead to addiction.
So it’s better for one to abstain from such activities, if one can’t handle the pressure of being a gambler.

When a gambler gambles with emotion he can get into serious gambling problem. Losses can affect the rationality of a gambler especially gamblers who easily gets pressured when they are losing. Due to this pressure, some gamblers will double their stake in order to recover their losses, which is riskier.

From my experience, I have never seen a gambler chase a loss and then recover. Most gamblers who attempt to recover losses end up in financial ruin.

8
Gambling discussion / Re: Gambling: for fun or to earn money?
« on: April 20, 2025, 09:39:24 PM »
Gambling is not a reliable or sustainable source of income as the out sometimes are based on chance. Many people experience losses that has exceeded their wining which has lead to financial inability, but it can be enjoyed as a form of entertainment or leisure activities by prioritizing responsible gambling practices.

Gambling is a game of chance, not skill or strategy, so it is not reasonable to rely on it as a source of income. A gambler's winnings cannot be sustained even if they are fortunate because they are always at risk of losing money, and their losses could eventually outweigh their gains.

The fact that gambling outcomes are uncertain means that winning is not guaranteed no matter how confident you are or how much time you spend researching. Thus, gambling is not a good source of income.

9
Gambling discussion / Re: How to control gambling addiction?
« on: April 20, 2025, 08:55:54 PM »
Well to an extent it's quite possible to control gambling addiction. To control it, one must first be self aware that he or she is an addict, and should be willing to receive support for help from professionals who are best equipped for handling gambling addiction.
Recovery starts with recognizing the problem, avoiding triggers, and seeking counseling and support groups for gamblers. While it may be a very tough battle so many have overcame, and have successfully regained control .

I do not wish for a gambler to become addicted. Gambling addiction is a dangerous disorder that is difficult to overcome; however, it is not impossible to overcome. However, a gambler who is addicted must be aware that he is addicted and needs help.

It is at this point that a gambler can seek help to overcome their addiction, as admitting that they are addicted is extremely difficult. Gamblers are known for their secrecy when gambling.

10
Cryptocurrency Trading / Re: A must know before trading
« on: April 20, 2025, 02:41:54 PM »
Yes, we who are here must have an eye on the market because analyzing the market is also an investment strategy and in my opinion, the most important strategy is analyzing the market because if you cannot analyze the market well, your predictions will never be correct and no matter how confident you are in investing, you will still be exposed to risk and you will lose money there.

We should keep an eye on all the news because if we don't keep an eye on when the market is moving in which direction then it will be very difficult for us to invest. Always keep yourself updated and keep an eye on what is happening in the market and invest with a long term view and try to make a profit.

Well said! Gathering information and thoroughly analyzing the market is the foundation of successful trading. A trader who lacks the ability to analyze market conditions will create a vacuum in his trading, resulting in more losses than gains. Even if a trader is confident in his trading abilities, without knowledge of market analysis, he will trade ignorantly and blindly.

Poor market analysis cannot produce profits, regardless of the amount of capital involved. In fact, the higher the capital, the greater the trader's risk of losing money. To be on the safe side, a trader must conduct thorough market analysis and study of market trends before trading.

11
I don't think without proper knowledge if anyone would succeed in trading as we know that trading is the basis that we need to push up the strength in trading. So, it just like saying that I want to drive and you have the car key but doesn't know how to drive. It's obviously that you would be looking at the car without knowing what to do, and that is how trading is and if you have the right knowledge you wouldn't be that wait for what to do without trading.

This is true. Trading is not something that a person will jump into without understanding the basics. Understanding the fundamentals of trading is what drives profit. Traders should not expect to profit simply because they have access to a trading platform.

Trading requires a step by step approach and it is this gradual learning that makes an expert trader. Trading is not something you do in a hurry. A trader must be patient in order to gain a thorough understanding of trading and reduce risk while increasing profit potential.

12
Cryptocurrency Trading / Re: Are You Afraid of Trading?
« on: April 19, 2025, 07:14:16 PM »
That’s what I understand, that each trader should not only invest money capital, but the trained mental capital is also required. If you say that you lack it [experience] when you have to go for a big leap, that indicates a sense of reality that few possess when at the onset.

It is unfortunate that mental capital is frequently ignored by traders, but the fact remains that mental capital is just as important as trading capital. The mental capital, which includes emotional resilience and the ability to effectively manage risk, has a significant impact on how focused a trader remains in his trading. 

The reason focus is important in trading is that the market is volatile, and there are always ups and downs in trading that can either strengthen or disorganize the trader; however, when the trader is focused, those downward movements will not impede continuous trading.

13
Cryptocurrency Trading / Re: Never Be Greedy!
« on: April 19, 2025, 06:53:44 PM »
           -     That is the sad and not a good habit for a trader, in which we are supposed to have a clear plan and a clear target for why we are going to trade. Yes, we are there that we aim to get profit, but we must have a timeframe for when and where we will take a position and exit.

Trading is not something that is done haphazardly; it requires precision and a well-structured plan. Just like it is said that he who fails to plan, plan to fail. This is applicable to a trader in that a trader who does not have a well-structured plan cannot profit from trading. Even when there is profit, it may not be properly channeled until it is lost. This loss may be the result of making decisions based on emotions rather than a plan or strategy.

This is bad because trading is best done in a systematic manner because the goal of trading is to make a profit, and a trader must lay out clear plans to make that profit. 

14
Nigerian Languages / Re: Holding our leaders accountable
« on: April 19, 2025, 04:31:06 PM »
There is no doubt that the democratic system is carried out on inequality and the social injustice is permitted to prevail. That is why when a certain individual acquires power in fact and rationality along with the structure of a government, there is the possibility of manipulating or even arresting the tendency of people’s choice. It is generally observed that such individuals who ascend in polls not only carry visions but also resources and reach capable enough to manage opinion extensively. Such circumstances make the election results not always reflect the people’s aspirations as it demonstrates the outcomes of systematically developed tendencies. When this happens time and again, it is only but normal that some individuals will start questioning if their vote makes a difference at all in the society.

Even if we claim to be practicing a democratic system of government, what we do is vastly different from what other advanced countries consider democracy. Election is what I call selection as it is the case in Nigeria. People's aspirations do not always manifest. This is why a leader can do everything wrong in office, including ignoring the welfare of the people, and still be elected to office again to continue ruling.

This will not change until the judiciary decides to render fair judgment and the INEC decides to hold an open and transparent election. Only these can change the negative narrative in our democracy. 

15
Gambling discussion / Re: Did you ever try to stop gambling?
« on: April 19, 2025, 04:15:19 PM »
Yeah agree because a gambler will always chase that chances of winning on the other hand same with losing that is why there is a never ending activity. But unfortunately for me since winning isn't a fan of me this is the reason why I quit that easily.

One aspect of gambling is that it is a game of hope. Even when a gambler is losing, he continues to play because he believes that the next bet will result in winning. This is common among casino players, particularly Aviator. When the Aviator plane has provided lower odds in a streak, every player begins staking even higher, regardless of their losses, in the hope that the big odd is about to arrive.

In a few cases, it has worked out for gamblers, but in the end, they lose, regardless of their hopes. Hope can only motivate a gambler to keep playing; it cannot guarantee winning. In my opinion, no matter how high a gambler's hopes are, gambling should always be done in moderation. 

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