Topic: Beginners Luck in trading real or superstition (Read 1804 times)

I think every trader has gone through this, when you learn trading, you want to try many things, including trying your luck and even trading on instinct, but all this will definitely not work and will lead to losses.

I am of the opinion that it is better to try all this when you are just starting to learn trading, when your deposit is small enough for mistakes to affect your funds. Trading takes time, everything will come with experience, and if a beginner just starts to get lucky at first, maybe this is not the best start, because instead of learning the lesson, he will think that he is good at trading. ) Then later he will still have to learn this lesson, but most likely it will cost him more...

Some part of gambling doesn't depend on luck because you need to have the skills and knowledge on the game that you're playing before you can win. You don't use luck on some of the games in the casino because you need to know how to play it, the technique and other things that are needed to increase your chances of winning. Trading is different though as you have said, you need luck but more of skills before you can begin to experience success in trading. The set of traders that depend on luck don't last long as a trader. Those that also depends on signals and others calls don't last long in trading because the signals don't last forever but when you have learnt to trade on your own. It's a lifetime skills that you have and you can make use of it to make money whenever you have the capital and the need to make money. Beginners lucks are real but they don't last so don't depend on them.

It wasn't a mistake but it is intentional. We just need a common sense here even on any other things that are still new to us because we don't want to be in danger. As a newbie, it is only normal that they don't have an experience yet and this is something that can't be taught in the books or on online sources.

There are known solid assets already but it's not an excuse to just rely on guts and say it will always be like that because there are still other factors that can affect us like emotions for example and yeah, this can only be combated through enough experience.

As for the knowledge, we might not know that there are things like bear market and correction. So once the price fell down, we think something is wrong already and that is the start for us to do unwanted things.

There are videos like that that are clickbaits and they are the ones that are in for views but there are also those who can earn a commission if someone signs up on their link. They can as well earn for promoting the trading platform. Indeed that we must be careful with our money because money is not easy to earn nowadays and even if we say it was only given to us, we must still learn how to value it, as there are lots of people in the world who lacks in money.

Many new traders make this mistake when they get into the market. They rely more on luck and gut feelings than knowledge and experience, which is a wrong approach to trading and financial markets. You can't invest money in an asset only because you think it will become successful or gain value soon. Your decisions in a financial market must be based on logic, and logic only comes with knowledge and understanding of your actions.

You will most likely lose money in the long run if you are trading without knowledge. Some people, especially influencers on social media platforms, make it sound too easy. If you watch their videos and tutorials, they say a person can easily earn money through trading if they have good money, but why do they say this? It's because they need views, they earn money from it, they don't care about your profits or losses.

So, every individual needs to be careful with their money and don't waste them like this. Get into trading only if you know you can handle the market, and that is possible only if you gain enough knowledge before you get started.

That's in gambling, of course it's different from trading.
In gambling, everything depends on luck, but not in trading, although there is a little element of luck, but in trading, knowledge or science determines the results of profit or loss.

Actually, I believe a little in luck in trading, but it can't be used as a reference or waiting for it to come, in trading we only need to focus on the aspects that we learn to get profit.

We are all once a newbie and it cant be avoided that mistakes will come into our way because due to lack of knowledge and skills towards trading. On the moment or time that we are really that starting up then you will really be having those kind of anticipations that it is really just that easy and on the moment that you do make out some profitable trade on your first time then that will really be giving out that kind of confidence on which just like on what other posters said above that you will be start on thinking that you do really need up to do it even more because you thought that it was really just that easy but on the moment or time that you will be able to make yourself that dealing up with market volatility and as you do go ahead then this is where a series of loses will really be starting on piling up. Self realizations will come along the way and this is something inevitable or something that you couldnt be able to avoid. There would really be those times that you will be having those kind of optimistic approach on your trading activity but as you do go forward and able to learn up as you do go ahead then it will really be adding up such skills on which it will really be that beneficial into your future trading and this will enhance up even your knowledge towards it and find yourself that sustainable or you could be able to survive. Application of superstitions will really be that not be effective because luck factor isnt something that you could be able to dictate or influence.

Beginners luck is very much real and exists everywhere especially in situations that involve 50-50 situations!!

And the fact that trading is regarded as some form of gambling 🎰 you can literally go for the coin flip to either buy or sell and you will obviously get it right...but hey when it comes to trading you don't want to be gambling..you need to know what you are doing, which is why learning how to trade should be done before jumping onto those charts ,  if you can get a mentor to guide you on how to trade even better!!!

I have tried it in sports gambling and it worked...

I have tried this in option trading and it has worked, so I can't doubt that beginners Luck exists.

At first I didn't believe in that, until I experienced it when I was new to crypto gambling and only entered the amount of 15$ in a casino in the slot games category with
a minimum bet of 0.2$. At first I often lose and also win small amounts, just one after another.

Then, when I saw that the amount left in my bankroll was just a little bit, I think it was below 1$, I was suddenly able to win around 71$, and of course I was very happy, and I stopped immediately. I thought that I was lucky, and I told myself that I would come back to play gambling because I might get lucky again.

Mistakes are bound to happen so we can learn and identify our weaknesses. Often, it’s our emotions that cause so many traders to lose big and eventually give up. And let’s face it, controlling our emotions isn’t easy. Even when we think we’ve got it under control, there are times we still get carried away—especially when we’re desperate to make money. That’s why many aspiring traders end up quitting because they just can’t manage to control themselves. That is why, as we dive into trading, mastering emotional control should be one of our top priorities, as it has a huge impact on the decisions we make.

I often hear that when beginners do trading activities, initially they get profit but at the same time they also experience loss afterwards, this also happens a lot in gambling. Most beginners in the early stages of gambling also sometimes get lucky even though they end up losing. What I mean by beginners here, at least they already understand the basics of trading, but if beginners do not have knowledge about trading, luck is impossible for them to get.

I do not believe in superstition but I believe in luck, and usually beginners when they first trade are full of caution and precision in order to get lucky. However, the problem is that they sometimes find it difficult to control their emotions to control their finances so that victory is lost, this is all due to uncontrolled emotions and having a greedy nature that causes them not to last long in the market.

At the beginning of trading I also experienced profit even though it was not much, but because I felt that trading was easy and easy to get money, I ended up losing my emotions which eventually resulted in victory being lost again. From there I continued to learn to control my emotions even though until now sometimes I often make mistakes when making decisions in trading. But the point is to keep learning and turn experience into new knowledge because that way you will last longer in the market.

Trading isnt gambling, but it could really be turned out to be gambling on the moment that you will really be not applying any analysis into it.You would really be having some problems into your trading on the moment that you dont made out the right approach. Most peoples issues is that whenever they do find out that trading is difficult then they would really be making those careless decisions or simply they are really that making every step to be like gambling and this is a common mistake. Trading could be also be make to be a good side income if you done it well and even other people who do make out that a main source of income or full time job. The only thing here is that its never been easy but doesnt mean that it is really that impossible. If you do want to deal with gambling in the first place then you should't touch up on trading.

Beginners luck could really happen all the time because trading results could only result into loses or winning trades. If you are really that wanting to have that developed skill in trading then you will be needing to work hard and learn all those things that you do able to obtain on your trading sessions or things you've been doing. Dont make yourself that being in a rush on learning things because this is where people do end up
on having that kind of bad outcomes because of desperation.

That's 100%, relying on luck is a foolish thing to do. We have to act on our own and the same with gambling, we won't win if we won't be betting and the same goes in trading. We won't win trades if we don't do anything as well but luck is always associated with everything we do. Except with the religious ones or I think that many of them still belief about luck and as well as superstitious matters. So, day traders or not and even holders, we used to say that we're lucky that we've bought at the bottom and held and then sold at the top.

Trading is called trading, not gambling, for a reason - you have so many tools to try and minimize the risks for yourself, and not to - gamble - on the market, essentially, but to try and come up with something that would break the situation down and gain profit for you - that's the art of it.

And in trading - it happens in an instance, unlike in businesses usually 
That's why if you see your goals fulfilled, you do need to get out of the position. Not to wait for it to become more or less, just to close it and see the positive results, no matter how small they are.

Risk management and consistency - the best friends of a trader on his journey toward a profit.
I do hope more people will realize this simple truth that no matter what, you can be wrong, and there will be loss - the main thing would be how you react to it. 

I also agree with what you said that people who only rely on luck when they trade will not be able to survive in the market forever, because they will never know when their luck will run out, and even people who have knowledge and experience are not sure to get profit in the market. And therefore if someone wants to really do good trading in the market then they must be able to learn trading strategies well and manage their financial allocation - that is the only way that can be done by someone to be able to survive in the trading market.

Yes,every life decisions no matter how small or big it would be on which it will really be that needing up that kind of consideration when it comes to various things, how much more if we do speak or talk about gambling or even in trading? It would really be that always relevant on how it would really be making out that kind of effects on someone's life but of course it's not the only factor that will really be able to have such effects into the things that theyve been dealing into. Theres always that consideration about other factors on which you do need up to master or need to learn to increase the chance on profitability. Trading skills and getting a get hold of it on which this one will really be that not simple and we do know that it do takes a lot of time. Beginner's luck could really actually happen all the time because odds on making profitable trade could actually might that happen on the moment that you do firstly trade. It does have some negative effects on someones mindset when it comes into this aspect on which because of that emotional boost up on which this could really lead into desperation and this is something that should be stopped if you don't really like to lose up tons of money on the time that you do trade. There are actually people who are really having this kind of behavior on the time or moment that they do experience initial wins without minding about the risks involved lies ahead.

No one can disagree that luck doesn't exist in trading. Luck exists in everything we do in life; however, relying only on luck is foolish in most things we do, and trading is one of them. Some people would say you should jump into the fire and you won't burn if you are lucky. Now that's a foolish thing to do because even if you get lucky, you don't need to take that risk unnecessarily.

When we talk about trading and financial markets, we should know that knowledge mostly overpowers luck in it. Take one person who depends only on luck while trading in a financial market, and make him compete with someone with knowledge and experience. Make them take their decisions based on what they believe. After about 30 to 40 trades, you will see that the person with knowledge will have a higher profitability.

I agree that I shouldn't rely on luck with trading but I was just saying that there's a stroke of luck that indeed many traders might agree on that case. We can have analysis and predictions based on how we see the market but, can't remove that idea that sometimes a trader is lucky on top of the analysis done based on the strategy that's made. But of course, luck in trading is totally different from what we do in gambling or should we say that whenever we're fortunate enough to win some trades, we can simply be that bit of lucky.