Topic: Beginners Luck in trading real or superstition (Read 435 times)

Yes, it should be like that, but as I said above, it is likely that they will have this awareness when they already have knowledge in the sense that they have gone through some adaptation time first in trading to really know that profit does not depend too much on luck but rather on the skills they have.

For me, even though I know that luck can help me make a profit, now I will never dare to trade without being based on any analysis or strategy, because in any case losing money will always be an annoying situation even though I know that there might be luck that helps me make a profit, and I'm sure some people who are quite experienced will also think like that.

Getting profit for months or days from trading should not be called luck. That trader is really using his or her ups to trade; trading is very risky; a trader cannot be trading for a week or month and be getting profit, and you call that luck. Even if that trader is a beginner in trading, that is not luck; he must know what he is doing to get that.

The trader should be able to analyse the market and know everything in trading that makes him get profit from trading for a month or weeks, meaning that the trader is already seen as a professional trader and not a newbie trader anymore, even if he just started. He knows what he is doing; he did not just jump into the market to make money. 


Yeah. Overconfident will always make them lose money in trading because they will think everything they are doing is right and at the right time, which may result in losses. A trader should be able to follow one strategy that will favour him, and that is the only way he will enjoy the arket. The strategy will be a guide for him to do everything in the market.

I think if some statistics were kept, we would see that only half of the newcomers are lucky and the other half lose their money right away. And this is due to the fact that the strategy of a beginner in trading who does not have sufficient knowledge is similar to a casino and the probability of winning is 50%.

Trading is not just a simple buy and sell but it was a complex one. I mean the platform that you will enter is not usually user-friendly, so you may need some basic knowledge here first to be able to execute a trade before you can say or expect that luck can occur.

If we think we got lucky, yeah that we must not rely on it and not continue learning more because this is not sustainable or reliable. We don't need to wait before that moment occurs but it is always better to have a back already so that we still can continue trading and continue earning even if not in a consistent way (which are only normal) since we can't predict all occurrence in the market and the many factors that surrounds it.

Sure, some will indeed experience luck in trading. But they should not be confident that they will always have such luck. Trading requires experience and skills so you can have a good grasp of this tedious activity. I don't think there will always be the beginner's luck.

Trying to learn trading means you are going to make some mistakes, and there are cases where people do something without knowing what they do and could happen to be right. I have seen it happen, but this isn't all beginners, we have seen some that do well by luck and some that does badly. I have seen one special occasion where someone learned about leverage trading and possibility of making millions from it by doing leverage, and they jumped in with 700 dollars. They turned their 700 dollars into 14k dollars within just a few days because some influencer told him what to do.

You know what happened next? He lost everything, even the 700 at the start, because he kept listening to that influencer who happened to be wrong a few times in a row after being right few times in a row. Now do we call this person lucky or unlucky? He did turn 700 to 14k, but he also turned 14k into zero as well. Anything could happen when you are a newbie and you should keep learning.

I believe that in trading there is luck that is very possible to happen and experienced by beginners when they just start their involvement in trading, meaning it is not superstition but it does happen because I have also experienced it where I managed to make a profit when I was still a beginner and did not know anything especially strategies or ways to make a profit.
Basically trading is a skill-based activity, meaning your profit always depends on how much knowledge and skills you have, but that does not mean luck is not involved in it.

On the other hand, feeling too confident when a beginner manages to make a profit without being based on any strategy or method, I think it is something that is natural, because over time they will know that it is a false belief, experience will tell them through the adaptation phase, but of course I would also suggest that it is better for a beginner to know that feeling too confident just because you have managed to make a profit is not good, and you can get that knowledge by learning more from traders who share their experiences on several channels.

I don’t really know, but seriously, beginners are always losing when they start trading because they lack experience, they are in the learning process, so most of them are always finding it difficult to make money, but maybe what you mean is that they might be lucky when trading after they already understand how things work, but they are still beginner.
 
During the bull run, even some people that joined crypto within few months will start creating WhatsApp group, asking people to join that they are going to be providing signals, they already think they are professionals already, because during the bull run trading is always easy, but when the bear market starts, that’s when they will discover that they know nothing about trading.

I don’t think you can be a trader without losing, every trader does lose, even if you are a professional trader, so I see loss as normal activity in trading, but it shouldn’t be too much. And I will say trading is not easy.

Well, in trading, you will either experience significant steady profit or significant steady lose but sometimes it's a mixed experiences, when you are not fully experienced and you are making profit, you will know and when you are equally experiencing losses, you have to keep learning and practicing. In trading, luck is when you are skilled already to make a good prediction. You wouldn't be lucky with so many successful trade when you don't even know what you are doing.

They should but unfortunately, most newbies don't understand this simple thing that if they are losing money initially, there are lessons for them to learn from those losses, so they are supposed to learn and grow instead of getting disheartened and leaving the market forever. You can't gain success in anything you are doing if you are not ready to adapt and change, the process will make you a better version of yourself but only if you embrace that gracefully.

I do believe in beginner's luck and it did happen to me as well, not only in trading but in many other places as well in my life. I think a person needs to understand that when something good happens with them when they are doing something they don't know very well, they should understand that it wasn't because of their skills but it was out of luck, and they shouldn't become overconfident because of this win.

There's no way that you could really be able to sustain yourself on making good trades, you could make a couple of few good trades but doesnt mean that you could really be able to make a series of good trades or simply
making up some sustainable approach on which there's no way that luck could hold it up. If you wont really be making out some realizations then you would really be having this kind of approach on the moment you do trade.
Never ever make yourself be thinking that you could be able to make a serious of good trades on which you are really just that simply guessing out on where it would be going. Trading isnt gambling but on the moment that you would really be applying no analysis into it then you are just basically doing gambling and this is something that must be avoided.

When doing up trading you would really be needing up to have some good analysis about on how market works and behaves. This market is really that too unpredictable and too volatility
on which even having that good technical knowledge and applying out some fundamentals wont really be guaranteeing out that you could be able to make out some profitable trade but even though this one talks about
failure but it is really something which is really that worth on trying out to make use of such analysis.

Even with all caution, there is hardly a beginner whose trade will be profitable during the first months. And this is due to the fact that it is not enough to be careful for profitable trading, in any case, knowledge and experience will be required, which a beginner simply cannot have.

It is possible for a beginner to make good profit in trading by luck without having trading knowledge but the truth is, I'm trading you need more than a luck to make profit because you can't just depend on luck alone.

Trading knowledge is very important in trading, with this it reduce the risk of losing money in trading. It is lack of understanding that gives some beginners more confidence to trade just only depending on luck. It will be a big lose for a trader to only look up to luck in trading because the knowledge of trading can't be neglected when it comes to making profit in trading.

New investors are usually emotional. He may be more excited at that time if he makes some profit from trading. He may try to keep all his investments there to get more profit but the result can be against his desire. The reality is that trading cannot be said to be an easy means of earning money until a trader can make himself skilled and experienced. Most of what we see on social media about how to earn from trading is false. Trading can be a major cause of further losses for those who see such channels or decide to invest later.

Trading should never be compared to luck. Maybe some lucky ones have made profit from investing in the beginning but that is not always possible for everyone. A trader should have a good knowledge of trading related issues before investing. Skill and experience can never guarantee a trader profit but they help a trader to take the right decision which plays an important role in achieving his trading profit.

its called luck, which means it could happen to us, it could also never happen to us in the early process of our trading.
my early trading was actually with losses, even after I traded with the direction of a friend who was more proficient in trading. maybe there are novice traders who are lucky at the beginning of their trading. but still, luck can't always be in your hands. in trading, maybe we will trust our skills more.

Lol, if it is what we call beginners luck, it could be just a couple of days and it will not last weeks or months. And if we are going to used it in trading, then we might as well compare it to gambling as it is more applicable to it or that's where that whole sentiments or saying started.

For me, there's no such thing in gambling, yeah, maybe there is luck, but it should not be the basis. You should really look for logic if you have made money and study what went good on your trading and not just rely on this thing called beginners luck not superstitions. Everyone wanted to find a reason for winning, however, you should really rely on yourself and not on anything that you believed it.

Beginners' luck is real in my opinion but I never experienced it, notwithstanding, I know a few who experienced it and we can encapsulate it into luck and skills. Luck in the sense that beginners often lose their money back due to the lack of practical experience, so having that success at first means that they do not have all it takes to sustain it but are merely luck.

At the same time, we need to define the level of skill and preparedness of the beginner trader in terms of finances, trading system, plan and psychology. If they are adequate enough with a certain new trader, it's very possible such a trader deserves the initial positive experience. We can't undermine all newbies, there are exceptions.

As I reflect on my experience over the years, I realised that beginners luck can be a double edged sword. On one hand, it provides an initial boost of confidence and motivation. On the other hand, it can create an unrealistic expectations and a false sense of security. Day dreaming about 💵💰 💰 😂.
However, I recognised the main thing is the importance of knowledge and skills in sustaining success in trading and dedicated time and effort in understanding the way the algorithm of the chart moves. The journey has taught me success doesn't solely depends on luck.

This feelings comes after haven used Demo trade, I mean for the new beginners because they felt that real live trading and Demo functions the same, there are some point when one would applied all the strategies they learnt while using demo and it works only for that period or market condition but when the market changes direction they didn't expect they began to lose. So, this is what most traders more precisely newbie traders do experienced while trading. Then for the professional traders, well, I think this is not something new to them because they have experienced several lost while trading and not all lose they count on because is already a usual thing its often occurs while trading.

Indeed, I can personally attest to this reality! In trading, you can’t just expect to get all the ideas in one day or even a week. Sure, we might do our research before diving in, but it's still often not enough to gain confidence.

That is why we can say that beginners usually find themselves relying more on luck than knowledge. But there’s nothing wrong with that—everyone starts somewhere and empty. But eventually, they’ll want to change their game and elevate their trading skills. After all, depending on luck isn’t a long-term strategy. It is way better to trust in ourselves and our abilities for more consistent results!