Topic: Beginners Luck in trading real or superstition - page 8. (Read 1804 times)

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. The 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.

I think it's just superstition, I've seen a greedy beginner got liquidated into oblivion the first few days, I think the reason why beginner could be having good luck in the first day maybe because they stick to the trading discipline that they've learnt, once they got the grasp and feeling overconfident after series of win they become reckless and overtrade.
it's easy for people who keep making profit to lost touch of reality and use too much margin or overtrade.
so no, I don't believe in beginner's luck, it's all about how we approach trading and keep sticking to the discipline, do it again and again and you will eventually make it big.

I will say I agree with everyone that says there is actually a beginners luck where you see yourself on a winning streak just to get hit later by a loss, what I usually tell the new traders is this isn’t a beginners risk but actually an inevitable loss that will surely come. When you’re winning it is actually your strategy that and the good behavior of the market that actually made it so, the loss usually comes when the trader is deep into the euphoria of winning and they’ve went against their own trading plan like risk management not been implemented. This loss usually comes heavy That’s sometimes it cen leads to liquidation,

So the beginners luck is definitely there where the Market continues to give you its profits in fact this is a period where you have many traders flipping accounts and this is a very trying time because most usually do not stick to their risk management and that’s why the loss usually hits hard when it comes

Luck exists but it never stays with you forever.

You only can succeed in trading if you have enough knowledge about it, fundamentals of projects and technical indicators, analysis for trading, have proper trading strategies, and have good risk management strategies to defend your trading position and more important your trading capital.

If you don't have all these things which are necessary for a successful trader, don't wait for luck support forever to make you as a profitable successful trader. You can not have it simply by luck.

Sometimes, it's real, sometimes it isn't. But I think that beginners luck is existing and we can just conclude that it's entirely a matter of being lucky or not. Many traders are blindly trading due to the fact that they think they're going to be lucky with their picks. Little did they know, it's not enough to trade just because you're lucky. If you can't trade without having to read the charts, you're obviously gambling and there are many traders that does it and let alone their fate do the thing whether the coin that they've picked is going to save them with some nice profits or they'll have to deal with massive losses.

You would really be able to make out some conclusion that you are a good trader even just on 1 week because there's no such thing about beginners luck when you do able to sustain yourself to be profitable in a week time period, specially if you are really doing some active or day traders then its something that you could really be able to say that you are doing well. Beginners luck will really be able to be determined on the time or moment that you would be doing that first trade or a few tries on which you do end up on making profits which is really that totally different on the moment that you do make out a series of trades in a week time or
for more longer. If you do find yourself that being profitable with those periods then this one isnt considered to be that a beginners luck. There is indeed a beginners luck but this could really be only considered into those few tries or short duration on whatever you are really that dealing into and you are completely having that zero knowledge. No superstitious approach that could really be applied into this one. If you are good then you would really be able to sustain but if you are someone whose really that noob and wont be having an idea on what you are doing then it will really be understandable that you cant be able to prolong on the profits
that you are making. There's really the difference in between into those people who do have that experience in comparing into those zero knowledge ones. There are really such times or moments that turned out positive for them but its not something that could be able to sustain for longer runs. The good thing is that on the moment you do experience shit conditions is that you do able to learn up along the way.

Having confidence as a trader is great, but one thing about confidence in trading is that you don't have to be overconfident about yourself because you won't even know when you're making mistakes that could blow your account, you'll just keep trusting a wrong process out of confidence till you realize late that you've been in the wrong trade by then so much money must have been lost to the point that a reverse is not possible. Applying caution while trading is what every trader shouldn't neglect no matter how good a masterpiece may be likened to.

Trading for a period of a week or a month in a state of always being in a profitable position, the trader is not a beginner but in a positive sense it can be said that he has good trading knowledge.

Beginners who start from 0 in the world of trading will not get consecutive profits during their early trading period. They are more dominantly confused in doing their trading and the chances of experiencing losses are greater even though they have previously attended training on trading.

It is true what people say that in a trading routine, pro traders are not always in a position without losses, especially beginners.

I've forgotten a little about my first experience in trading. Maybe because at that time I was not consistent in winning or losing. Which means it doesn't seem like beginner's luck occurred to me in my early experiences as a trader. At the start of trading, it seemed like I more often experienced wins one day and losses the next day. And it kept repeating like that until I finally realized my mistake and fixed everything. And makes me better able to minimize losses and increase profits.

I can't say whether beginner's luck is real or just superstition. Because maybe it happens to some people and not to others. but what is clear is that I personally haven't experienced it. I actually became luckier after being a trader for longer.

This is real and there’s no doubt it happens. I have also experienced it before and I’m taking from experience now. After having my first mentorship about trading and funded my account to make the first trade, I moved my account from $20 to $70 within some hours, I was confident in myself that I have understood the market and can trade confidently any amount now. I had this instinct that told me to continue trading till it gets to $100, while I withdraw $50 from it and continue with the remaining $50. I lost all that money that night and that was when I know that emotions and risk management play a vital role in trading and if you don’t have them, you’ll lose all of your money easily.

You're contradicting yourself, if not every beginner has luck at the start of his trading adventure then IT IS a superstition since it's obviously fake!

And yes, it's a false narrative, it's because of biased data, as one would be genuinely surprised and talk about an achievement by a newbie when at the same time nobody will count the failures, so data is collected by the general public in a biased way, much like everyone will remember a McLaren driving on the road but will ignore 1000 Golfs or Renault Megane!
In reality, it's just a game of possibilities, if you put 1000 people to do a task that relies on luck mro than skill it's fairly possible that the one winning it might not be the most experienced of the whole lot!

Imho beginner's luck is real, just it doesn't mean it applies to all beginners.


I consider I had some sort of beginner's luck.
I've done trading... some years ago. Or so I thought. At some point, reading more, understanding this and that... I've decided that I'm doing it wrong and I've stopped.
Now I know that I was doing was closer to gambling than trading and I was lucky to trade during a bull run, hence I didn't lose money.


Beginner's luck may be related to the fact people may get more inclined to try trading during bull run (when it's more difficult to lose). But if they start too late and the bull run ends before they understand what to do for real... the tough reality may replace beginner's luck...

Beginners luck is no superstition, although it is not something that every beginner in trading will experience. There are traders that were successful and made some little money on their first attempt at the live market after a little learning or practice with demo, but I don't think that there has been any new trader that made millions from their first attempt at the market.

Beginners luck has made some new traders think that they are ready for trading more, but a trader who banks on the beginners luck they had and refuses to get better prepared for the market will experience loss sooner.

We do know that beginners luck could neither be applied on trading, gambling or any other things on which it will really be that correlated into something that you would really be dealing. It is really that mostly called when you are still a noob or do make out some engagement on few tries and it turned out to have that positive result. For those who are old and see out such situation then they would really be having those thoughts about beginners luck but actually it is really just that coincidence because later on when reality do hits then it will really be something that shows up on whose the one that making up some good
trades and to those who dont have the idea on what are the things that they are dealing into. I dont really believe about superstitious approach or any same situation because luck isnt something that
could really be influenced by something. If you are lucky then you do won but if not then you do lose as simple as that.

You need to underline, trading in the crypto market is not as easy as we imagine and see on social media/YouTube or what people say, they all just show theories to their subscribers so that they can watch more and more money goes into their YouTube accounts.

If you are a beginner and want to trade in the crypto market, you have to learn a lot from crypto trading experts, in terms of analysis, market developments, the type of crypto you choose, chart analysis and many others that you need to learn, it's not as easy as you imagine, come, deposit and trade, it's not that easy.

Even those who are experienced can experience failure and losses in trading methods, let alone beginners, it takes time to start and get perfect profits, remember that trading requires learning, Crypto trading is not the same as trading vegetables in a market where buyers and sellers come, look for someone who wants to teach you in the real world, don't believe in trading advice on Telegram and other social media, those who are real and close to you are the right ones.

If someone has been trading for a month and the person is not losing but making profit than loss, the person is a good trader. But I understand you. If you do anything and you gain than lose, you can have too much confidence that can lead to overconfidence and which can make the trader thing he is too good but leading to making mistakes. We should follow the trading rules.

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?