Beginners Luck in trading real or superstition - page 7.

Rockstarguy

hero member

Activity: 1050

Merit: 592

God is great

Quote from: Lightmanalmani on October 08, 2024, 06:30:42 AM

What's your opinion about this? What was your experience, have you ever had beginners Luck? Is it real or is it superstition?

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.

GigaBit

hero member

Activity: 1666

Merit: 513

Leading Crypto Sports Betting & Casino Platform

Quote from: Lightmanalmani on October 08, 2024, 06:30:42 AM

I often hear of beginners Luck and i have equally experienced it. At the early times you seem to make a few stipend here and there and you get so over confident and feeling like a trading beast or a sniper, only to blow the account over and over again, frustration starts creeping in.

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.

Pandu Geddon

hero member

Activity: 826

Merit: 583

Quote from: Lightmanalmani on October 08, 2024, 06:30:42 AM

What's your opinion about this? What was your experience, have you ever had beginners Luck? Is it real or is it superstition?

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.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: Lightmanalmani on October 08, 2024, 06:30:42 AM

I often hear of beginners Luck and i have equally experienced it. At the early times you seem to make a few stipend here and there and you get so over confident and feeling like a trading beast or a sniper, only to blow the account over and over again, frustration starts creeping in.

Beginners Luck occurs during the first few days, weeks or months of trading. Beginners are cautious and less greedy initially, they seem to be excited by a few stipend they get.

I am of the opinion that beginners should get less overconfident and try to understand the market and develop a trading system.

Beginners should equally know that loosing trades is still part of the win if you know the reason for the loss. Some one once said anyone who thinks trading is easy has just been trading for 5 minutes.

What's your opinion about this? What was your experience, have you ever had beginners Luck? Is it real or is it superstition?

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.

EarnOnVictor

hero member

Activity: 826

Merit: 641

Leading Crypto Sports Betting & Casino Platform

Quote from: Lightmanalmani on October 08, 2024, 06:30:42 AM

-snip-
What's your opinion about this? What was your experience, have you ever had beginners Luck? Is it real or is it superstition?

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.

Kingperry22

jr. member

Activity: 68

Merit: 1

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.

SmartGold01

hero member

Activity: 882

Merit: 800

Quote from: Lightmanalmani on October 08, 2024, 06:30:42 AM

What's your opinion about this? What was your experience, have you ever had beginners Luck? Is it real or is it superstition?

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.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: Lightmanalmani on October 08, 2024, 06:30:42 AM

What's your opinion about this? What was your experience, have you ever had beginners Luck? Is it real or is it superstition?

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!

Lightmanalmani

jr. member

Activity: 52

Merit: 1

Quote from: shinratensei_ on October 09, 2024, 09:38:03 PM

Quote from: uswa56 on October 09, 2024, 10:10:21 AM

The luck that beginners get cannot be used as a reference that they will be able to repeat when they will try it again, as beginners of course they have to continue to learn trading if they don't want to lose their money on the trades they do because they don't understand trading and also we have seen those who have experience even though they can still experience failures when trading so As beginners, of course, they must continue to learn trading in order to get good results when trading.
Yes, you are right in terms of luck certainly not everyone has the same luck when they first try it, so for anyone who wants to start trading of course they have to study well so as not to lose their money while trading.

definitely, even if the beginner is lucky and have this thing called "beginner luck" but if they don't do something to expand their knowledge the money will probably come back to market again through series of overly confident trades that results in losses.

beginner luck is just a bonus, moving forward, one can expect that it will require tremendous experience and knowledge about trading.
if I were beginner, i won't delve into trading without knowledge and just highly dependant on luck alone, it won't sustain and the long term result is almost certain that it will result in loss.
the thing with trading is that, there are many manipulation so luck just doesn't cut it, especially if you trade low cap shit coin.

Yea you are right most definitely, depending on luck alone in trading will end up sweeping your account and driving one to depression sooner than he should have gotten 😂 but on a lighter note you said " if I were a beginner I won't delve into trading without knowledge and just highly dependent on luck alone" honestly if you were one you might never know you just got lucky by your few wins in a trade. Trust me you you might call your neighbours for a drink for being a forex master already.

That was on a lighter note but I get your point absolutely

?

Activity: -

Merit: -

Trading in the cryptocurrency market is very complex due to its volatility; it’s not the same as trading on the stock market. Keep in mind that trading is one of the most complex jobs in the financial industry, requiring an average of 10 hours a day in front of the screen. No one becomes a trader overnight; it’s impossible. If you think you’re going to dedicate yourself to trading because you got good results in your first three trades, you will go bankrupt, just like the vast majority who want to get into this business.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: uswa56 on October 09, 2024, 10:10:21 AM

The luck that beginners get cannot be used as a reference that they will be able to repeat when they will try it again, as beginners of course they have to continue to learn trading if they don't want to lose their money on the trades they do because they don't understand trading and also we have seen those who have experience even though they can still experience failures when trading so As beginners, of course, they must continue to learn trading in order to get good results when trading.
Yes, you are right in terms of luck certainly not everyone has the same luck when they first try it, so for anyone who wants to start trading of course they have to study well so as not to lose their money while trading.

definitely, even if the beginner is lucky and have this thing called "beginner luck" but if they don't do something to expand their knowledge the money will probably come back to market again through series of overly confident trades that results in losses.

beginner luck is just a bonus, moving forward, one can expect that it will require tremendous experience and knowledge about trading.
if I were beginner, i won't delve into trading without knowledge and just highly dependant on luck alone, it won't sustain and the long term result is almost certain that it will result in loss.
the thing with trading is that, there are many manipulation so luck just doesn't cut it, especially if you trade low cap shit coin.

Franctoshi

hero member

Activity: 966

Merit: 588

Quote from: Lightmanalmani on October 08, 2024, 06:30:42 AM

I often hear of beginners Luck and i have equally experienced it. At the early times you seem to make a few stipend here and there and you get so over confident and feeling like a trading beast or a sniper, only to blow the account over and over again, frustration starts creeping in.

Beginners Luck occurs during the first few days, weeks or months of trading. Beginners are cautious and less greedy initially, they seem to be excited by a few stipend they get.

I am of the opinion that beginners should get less overconfident and try to understand the market and develop a trading system.

Beginners should equally know that loosing trades is still part of the win if you know the reason for the loss. Some one once said anyone who thinks trading is easy has just been trading for 5 minutes.

What's your opinion about this? What was your experience, have you ever had beginners Luck? Is it real or is it superstition?

Well, somehow we can say it a beginner luck though, because I would say it happened because the trader had the opportunity to witnessing a good trading weeks and months that went in favour, however lucky isn't the major thing when it comes to trading but the knowledge and the experience you have gathered over the past months and years of trading and you have concluded to discipline yourself and follow trading rules to trade successfully and not luckily.

Finestream

hero member

Activity: 3052

Merit: 606

If it's real for you because you have experienced it, then most likely other traders as well have been there also. Just like in gambling, beginner's luck is real, same as with trading. But we should not forget that in trading, there's more to losses than gains if you are still learning the process, but with time that makes you an experienced and skillful trader, I believe any trader will come to minimize their losses and maximize their gains. And that's how successful traders are.

Lightmanalmani

jr. member

Activity: 52

Merit: 1

Quote from: uswa56 on October 09, 2024, 10:10:21 AM

Quote from: jcojci on October 09, 2024, 02:15:26 AM

Those beginners can have their lucky in their beginning trading. But if they don't want to learn and still think they can be luck for more, they will start to lose the chance to make a profit. Only with learning more about trading that can gives them a way to improve their skills. Those beginners must avoids over confident in anything because that can makes them forget that everything will change so without learning more, they will not adapt to the situation.

I guess I am not that lucky like other beginners but I made some nice profit in the past. I realize that learning trading is a must thing to do if I want to have a good skill in analyzing the market. But to be called real or superstition, I guess that will depend on their luck. If they willing to spend some time to learn and not stop, they will be a pro trader which have a good skill.

The luck that beginners get cannot be used as a reference that they will be able to repeat when they will try it again, as beginners of course they have to continue to learn trading if they don't want to lose their money on the trades they do because they don't understand trading and also we have seen those who have experience even though they can still experience failures when trading so As beginners, of course, they must continue to learn trading in order to get good results when trading.
Yes, you are right in terms of luck certainly not everyone has the same luck when they first try it, so for anyone who wants to start trading of course they have to study well so as not to lose their money while trading.

Yea Exactly, newbies can be carried away by the said "Luck" if they don't study well as to be good with what ever strategy they picked from their tutor. They should equally be made to understand that loosing a few trades is not the end of the world and it doesn't also show that they are bad traders also wining a few trades initially doesn't gurantee they are good traders yet.With that in their mind, they will get prepared mentally to embrace the experience they encounter at the course of their trading.

How did you handle your first wins when you started your trading journey?

Koadharber

hero member

Activity: 1065

Merit: 510

Quote from: tygeade on October 09, 2024, 01:24:41 PM

Quote from: uswa56 on October 09, 2024, 10:10:21 AM

The luck that beginners get cannot be used as a reference that they will be able to repeat when they will try it again, as beginners of course they have to continue to learn trading if they don't want to lose their money on the trades they do because they don't understand trading and also we have seen those who have experience even though they can still experience failures when trading so As beginners, of course, they must continue to learn trading in order to get good results when trading.
Yes, you are right in terms of luck certainly not everyone has the same luck when they first try it, so for anyone who wants to start trading of course they have to study well so as not to lose their money while trading.

Wouldn't it depend on the timing* I mean if a beginner begins at bear period they may lose a lot of money and not be lucky, but if they start right before the bull run then they may get lucky and make some money from it as well. I understand we are going to end up with a different result, I know it is going to be different, but in the end we are talking about a profit that would not be a bad move at all.

I understand a lot of people ended up being wrong about movements and directions when they are newbies, but a lot of people also got hyped during bull period and got involved for the first time and made a lot of money as well. This is why we should be considering this as normal and not a big reaction at all, it could be real.

Also depends on what kind of trading that they are dealing into on which we do know that there would really be those short term trader or investors and to those people who do make out some long positions or long term holds. So it would really be something that situational into this aspect on which it would really be basing up on what are the intents or plans that you do have in mind when you do deal up with this crypto space.Begginners luck is something which is really that could happen not only on trading but also in other things in life as well on which as long it do involves choices and decisions then this would really be something relevant. As for superstitions and other application of some correlated things then i dont really see this for it to be relevant. The thing on here on which as an individual then you do really know on what you are really that gonna deal up with and make out those realistic approach and reactions in towards those things that you are really that involving into.Just dont make yourself expectations too high or making that optimism to be on high range.

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: uswa56 on October 09, 2024, 10:10:21 AM

The luck that beginners get cannot be used as a reference that they will be able to repeat when they will try it again, as beginners of course they have to continue to learn trading if they don't want to lose their money on the trades they do because they don't understand trading and also we have seen those who have experience even though they can still experience failures when trading so As beginners, of course, they must continue to learn trading in order to get good results when trading.
Yes, you are right in terms of luck certainly not everyone has the same luck when they first try it, so for anyone who wants to start trading of course they have to study well so as not to lose their money while trading.

Wouldn't it depend on the timing* I mean if a beginner begins at bear period they may lose a lot of money and not be lucky, but if they start right before the bull run then they may get lucky and make some money from it as well. I understand we are going to end up with a different result, I know it is going to be different, but in the end we are talking about a profit that would not be a bad move at all.

I understand a lot of people ended up being wrong about movements and directions when they are newbies, but a lot of people also got hyped during bull period and got involved for the first time and made a lot of money as well. This is why we should be considering this as normal and not a big reaction at all, it could be real.

uswa56

full member

Activity: 882

Merit: 211

Quote from: jcojci on October 09, 2024, 02:15:26 AM

Those beginners can have their lucky in their beginning trading. But if they don't want to learn and still think they can be luck for more, they will start to lose the chance to make a profit. Only with learning more about trading that can gives them a way to improve their skills. Those beginners must avoids over confident in anything because that can makes them forget that everything will change so without learning more, they will not adapt to the situation.

I guess I am not that lucky like other beginners but I made some nice profit in the past. I realize that learning trading is a must thing to do if I want to have a good skill in analyzing the market. But to be called real or superstition, I guess that will depend on their luck. If they willing to spend some time to learn and not stop, they will be a pro trader which have a good skill.

The luck that beginners get cannot be used as a reference that they will be able to repeat when they will try it again, as beginners of course they have to continue to learn trading if they don't want to lose their money on the trades they do because they don't understand trading and also we have seen those who have experience even though they can still experience failures when trading so As beginners, of course, they must continue to learn trading in order to get good results when trading.
Yes, you are right in terms of luck certainly not everyone has the same luck when they first try it, so for anyone who wants to start trading of course they have to study well so as not to lose their money while trading.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Quote from: Lightmanalmani on October 08, 2024, 06:30:42 AM

~

Beginners' luck only seems real because the getting lucky in the beginning isn't exactly tabulated/shared lol. I'd imagine there's a bunch of people out there that have lost all (or majority) of their early trades and with that, I don't think they'd be of mind to actually share it, so people think the one that IS shared is real. It's basically biased info imo. Look up survivorship bias, it's a pretty extreme sample but it was what I always thought of whenever scenarios like this pop up.

Lightmanalmani

jr. member

Activity: 52

Merit: 1

Quote from: mindrust on October 08, 2024, 11:25:29 PM

I think it is superstition. If beginner’s luck was a real thing, we would see all the beginners having it but we don’t. I he majority of the newbie traders lose their money to the market makers but we usually don’t hear about them. When one of them makes huge money by luck, he makes it to the news. Does this dude have beginner’s luck now? I think it is just luck. Beginner’s luck is a myth, a lie. It is a conspiracy theory on mathematics. Stay with science, don’t believe these fairy tales.

Well...beginners Luck is nothing so out of the box, it's not really a huge money most of the time, it might be a few dollars hear and there, he was just at the right side of the market at the right time, he won't stay humble to understand the market so that he can be more intentional about his trades.. boom! he will face reality that will humble him.

I will tell him "If you think trading is easy then you just started trading for 5 minutes" dude will have to wear a puppy face in humility and self pity

jcojci

full member

Activity: 784

Merit: 115

Those beginners can have their lucky in their beginning trading. But if they don't want to learn and still think they can be luck for more, they will start to lose the chance to make a profit. Only with learning more about trading that can gives them a way to improve their skills. Those beginners must avoids over confident in anything because that can makes them forget that everything will change so without learning more, they will not adapt to the situation.

I guess I am not that lucky like other beginners but I made some nice profit in the past. I realize that learning trading is a must thing to do if I want to have a good skill in analyzing the market. But to be called real or superstition, I guess that will depend on their luck. If they willing to spend some time to learn and not stop, they will be a pro trader which have a good skill.

Topic: Beginners Luck in trading real or superstition - page 7. (Read 1804 times)