Profitable traders not only earn money they also gather experience. Experience of failure, depression, low confidence, and a lot more.
Anyone successful in the market today can relate himself or herself to this.
And Umesh (profitable trader) shared a similar experience with me.
With a heavy voice, he said, “In the earlier days of my trading, when I was struggling to crack the code of successful trades, I remember how one of my uncles taunted me in front of my family members, ‘Stock market me ho? Arey ye to gambling karke ghar chala raha hai.’ At that moment, I remained quiet, but that hit me hard.”
He cleared his throat and then said, “You know what, he was not completely wrong.”
That caught my attention.
“So you are saying that the stock market is a gamble,” I asked.
“Not only the stock market, but doing anything without knowledge, understanding, and proper planning is a gamble.”
It grabs our attention, “Interesting thought. Can you explain that a bit more?”
He nodded. “Let me give you a simple example, Mahabharata.”
“Everyone remembers the famous gambling scene, right? The dice game between the Pandavas and the Kauravas. Now tell me, was it a fair game? Who was gambling?”
“Kauravas and Pandavas,” I replied.
Instantly, he replied, “No,” as if he already knew my answer.
He explained it very calmly, “Only one side was gambling, Pandavas. Because Shakuni already knew the trick to control the dice. That’s not gambling, that’s skill.”
“So when the rules are clear to one and not to the other, only one party is gambling. The other is playing a planned game.”
That gave me goosebumps.
I paused there for a moment, realizing how powerful that analogy was, and then continued.
“So when one party knows the rules, understands the system, and plans, while the other is just guessing, only one is gambling. The other is executing a strategy.”
“Exactly, and this is how traders behave,” he continued. “Many enter the stock market thinking they can double their money in a week, especially in options. But they don’t even know the basics—no risk management, no market understanding, just hope and overconfidence.”
I added, “You are right, every beginner trader is overconfident in the beginning?”
“Yes,” he agreed, “and I was too. I thought learning a few indicators would make me a master. I ignored price action. Gave calls to clients, felt like I knew it all. But soon I realized, indicator trading without context is like throwing dice blindfolded.”
There was silence for a second.
He added, “Oversmartness is expensive in the market. If you try to operate without knowing the rules, you’re not trading, you’re gambling.”
I smiled. “So, what’s the way out?”
“Simple, first, accept that you don’t know everything. Learn. Take small steps. Don’t chase fast money. Don’t trade weekly options just because the capital is less. Understand price, feel the market. Learn BTST, cash market, and price movement. And most importantly, know when not to trade, “ he explained in one breath.
A moment of deep silence all around.
That’s when it hit me—this is what separates real traders from gamblers.
Now, that’s the trait of a real trader. Beginner traders focus on shortcuts, run behind tips, and try every possible way to get rich overnight, and no doubt, that is the reason behind their losses.
Just like sailing an ocean without a map, trading without knowledge, a plan, and most importantly disciplined mindset will only lead to loss.
So, ask yourself a question: Are you trading or gambling in the market?
Before investing capital, invest your time in learning Stock Market.
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