Topic: Beginners Luck in trading real or superstition - page 2. (Read 1804 times)

It is natural for a beginner to be excited if this is his first consideration in getting extra money. I mean he might be motivated to establish himself as suitable for further investment. You have to be patient when losing money and it can happen in business.

Everything we do on which it does really need up some sort of mix of luck on which it isnt really just that limited on gambling but also in trading and other stuffs that we are really that dealing into. When you are dealing with trading then never ever make yourself rely with luck because this isnt something that similar to gambling on which it is really that generally needs luck to become profitable. Just like on what been said above that people will really be having those kind of application of superstition specially if they have seen something into other people when it comes to this on which there would really be those people who would be applying such stuffs and made out some realizations later on that it doesnt have sense on trying out to apply these things all the time or on the moment that they do making up some trading.
Beginners luck could happen anytime because we do know that odds on hitting up some profitable trades could also happen on the moment that you do starting up but doesnt mean that you will really be that
just ending up on being careless and not careful into your next trades. Self realizations will really be obtained through real experience and you will really be making out some adjustments accordingly.
Success on trading isnt something that you could be able to get in a short period of time and it will really be taking a long time and tons of efforts when it comes to this manner.

Ohh great you are doing so well now, but a definishing of a beginner in trading might to totally mean a novice. I perceive it to mean a person that has acquired basic knowledge about trading, at least he knows what a sell and buy is and might equally know when to do that.

To say a beginner doesn't know anything at all in trading might be rather a hasty generization.
As his knowledge is rather basic, if he applies such to the market and it happens that he might be lucky,

I will call it Luck because he doest know what made h even win the trade

I think that beginner's luck only exists in gambling, in trading being a beginner can't be a help, it can be a huge disadvantage. A beginner doesn't know when to buy and when to sell, a beginner doesn't know which trading pair is good to trade, a beginner doesn't know which coin to choose for investment, and a beginner can easily fall into scams of NFTs and meme coins.
It's extremely rare for a beginner to be lucky. Such moments were when people bought Bitcoin in 2011 and held it for almost a decade.

My experience is that when I was a beginner, I sold my every Bitcoin when the price reached $1000 because I thought that it was a pinnacle. Then I learnt that I should hold my coins and I also understood that halving is one of the most important events in Bitcoin's history. When I realized that, I started making a profit but in 2020, I was still inexperienced in trading, I was inpatient, I wanted to profit from the price fall too and I started trading with short positions but then I learnt from a huge mistake that I should really hold my coins. At the moment, after 8 years of experience, I'm doing well.

I think that there's still a bit of luck even in trading. We will never know how the market will move but then if you're able to do your trades early and the market moved on its own, you can say that it is your luck but at the same time your skills in trading that made you profitable. That's hard to determine but what matters here is whether you're a beginner or someone just casually trade and you went into profitable trades, that's all what luck and success means to most of us.

There is definitely a true case of some newbies becoming super lucky, which does happen quite often and that is why there is a chat about this. We can't really consider it as difficult because when you are a newbie, for you nothing matters and you do not know and we should consider how those people make mistakes by just being silly and making mistakes. The sad thing is that a lot of them lose money because of this and they do not know what to do so they do not understand what they will do.

Best case would be just getting getting them to realize their problem and that should be the most important part, if they learn from their mistakes then they are going to do better. We are going to see those people focusing on making profit for sure.

You should really be realizing this thing in the first place on which you should make yourself that expect that loses is something that inevitable or something that really could happen. Come to think that even professionals do really loses up money but the difference into those people who do just simply start up that these pro's does have that idea into the things that they've been dealing into.
There are reall those moments that it will really be that giving out that bad feeling on which it causes up for you to quit up immediately on the time or moment that you do experience losing money. We do have that so called beginners luck on the time that we do start on doing trading on which this isnt really that shocking or something that will really be new.  Dont rely on luck because trading is really that talking about skills and knowledge and making those good risks management decisions on which this will really be that mainly differ into a certain individual.

On the moment that you do treat up trading to be some sort of gambling on which not really applying much in terms of strategies and analysis then its not really that different on playing some games on casinos. If you are really that wishing or wanting up to have that long term run with trading or something that you can make it as a source of income then it will really be that better that you should be having that realistic approach at least. Never ever make yourself that rushing on learning up everything because this will really be that pertaining about long term approach and tons of practice and learnings you would really be able to get along the way. It will really be that just better that you do make out some adjustments accordingly on the moment you do experience or acquire something in talks about experience and knowledge.

I don't know how you describe your newbie, beginner's are the most set of people who is greedy when you to trading, because they have not gotten much experience in trading, so you see so many of them that will like to make triple of what they use to enters market, so when we are talking of the most greedy people that involve in trading, I will like to say that beginner's are the most one, actually it's not good to be greedy and greediness has caused many people harm, when trading do not think that you will make all the profits within one time, if you have such intension I think it will leads you losing everytime, but in a normal circumstances cashout your profit whenever you're trading

in spot trading the risk for beginners may be lower than future trading. beginners who dare to trade without any knowledge related to trading simply make purchases and hold them for a short time. and all that is done is waiting for the price to go up. the profit must be small and the risk of doing so is also not that big if they dare to trade.
but the case may change when beginners are curious about future trading. it looks like gambling when they only predict based on their estimates, not from the analysis process.

I don't think there's such thing as beginners luck in trading this is what makes it totally different from gambling. It's either you understand the market or you don't. Your profit depends on well good your skill sets are, this is why beginners should focus more on gaining knowledge instead of diving into the Market. In order for your losses to be minimized you must develop a trading strategy,  you can only come up with a strategy when you understand the dynamics of the market which is mainly the volatility. There's no luck involved in this it's just knowledge.

Yes that is true and it seems that traders must re-understand the dangers or side effects of such greedy actions and it also seems that they must really be able to appreciate whatever amount of profit they get which on the other hand as you said that even though the amount is small but it is still a profit and the result of your efforts, and also realize that coming out with a profit is always a better result than experiencing a loss.

The point is if you want to get involved in the world of trading then know the various things that are allowed and not allowed to be done, remember that trading involves money and risk and that is the reason.

As a newbie, losing money is only normal because they lack in skills yet but they only trade for experience to build their skills. And even for an experienced trader, losing is still there if all didn't go well. As long as there is no harm in superstition, then why not believe on them? Not all newbies are jumping in the water immediately but some do also make a research, so it is not only pure luck that made them earn their first few profits.

There is no way to tell if when luck will happen but one thing is for sure, and that is all of us must have our own kind of luck. I'm not saying that we will also proceed and copy those who only got lucky but of course, it is always better doing it in a skilful way.

Totally.
Greed leads to nowhere, albeit to nowhere with losses.
Even if a profit is small, it's still a profit. And it's a result of your effort.

Of course, the positions you enter should be justified by something like markers, news, etc. If you do it just like your stomach tells you, you are just gambling your funds away on a coin flip.

It's essential to have a cool head in the midst of profit or loss.
Both can inflict more casualties on the deposit, in reality..

Yea yea buttresses my point actually, the beginner shouldn't be so excited about a few profit made, he or she should be patient in mastering the chart to still remain in the system.

If a beginner, after he gets a profit thanks to luck, continues to trade, sooner or later he will lose not only the profit he received, but also the money that he originally had. Therefore, you should not rely solely on luck, it is necessary for a beginner to gain knowledge so that his trade becomes profitable.

Great response there, being greedy can equally increase losses in the market, applying risk management is key and knowing that not trading is equally a good trading strategy

Avoiding the risks that can be avoided is essential - it's all about risks-management and the responsibility put into it, along with the clear goals in mind when you start your trading session each time.

It cannot be done all the time, but most of the time, of course - the trades the good trader does would go up, not down  And he would use the same amount of money for each position for every one of them to have the same value in the perspective.