Topic: Day trade is more a lucky thing or skill - page 12. (Read 2912 times)

day trading in the bullish market is profitable at the same time day trading at a bear market need lot of patience and timing and trading skills and market analysis so overall trading is skill full job nt for every one

As far as I'm concerned, I keep my investments in the long run, because I'm sure enough that everything will start to grow again.
The future can not be stopped.
However, I keep an "open" sum with which I enjoy buying, selling, and - when I have time - doing scalping.
But it is difficult to predict anything, so sometimes I win, sometimes I lose, but in the end it does not deserve

I myself tend to try to hold an asset for a long period when investing because when I insist on continuing to trade every day it is likely that panic is hard to avoid with the increasing number of bad issues about the world of cryptocurrency that often disrupt traders in the search for profit.

Luck will not be able to come to you many times so if you are not good at technical analysis and have a lot of knowledge about financial investment then you should not trade day because it is risky. Day trading is a form of investment by professional traders so if you are not really good at trading I think you should invest long term in this market.

Of course the crypto currency market is very unpredictable. Here the direction of the game is set by the whales. Therefore, when trading in this market can be lucky, and maybe not.
But let's not forget that this is a MARKET. There are ordinary people here, who in their majority think the same in the same situations. Just knowledge gives us an understanding of this. We can find out how the majority behaves in this or that situation. This is what concerns technical analysis, candlestick analysis and indicators.
Also, one more moment of knowledge is the knowledge of information about coins (from the moment of their creation to their usefulness and condition for today, including news). Here we are talking about a fundamental analysis.
Let's consider two situations.
The first. You go to the stock exchange, buy a coin and wait for it to bring you a profit. Looking forward to good luck.
The second. You have analyzed the current situation on the market. Knowing the necessary information, you choose a coin, which, according to your forecasts, will bring you a profit. Analyzing the graphs you find the entry point and the exit point from the position. You buy a coin and act according to the previously indicated plan.
How do you think in which case the probability of earning a profit is higher?
I think the answer is obvious.

But in my opinion a person should believe in their self and he should get a complete knowledge about trading then the best luck will follow him, yes some people have luck then they earns but complete knowledge and hard working will never fall your efforts and your success rather your future will more bright.

Yeah not everyone makes profit in trading because only those lose who start trading without having information and knowledge about it properly so I think if one want to become a trader he will have to know some specially trading skills and should have god amount of knowledge about trading after all this come our luck because according to me in trading luck matters as salt in the flour, which is important but in small quantity, we cannot rely only on our luck using day trading.

I dont think that it works with luck, it involves a lot of stuff and it does not mean that you are goign to be rich in a few days because you are doing day trading, it also depends on the way that you analyse the market and how do you like to make trades.

There is no such thing as lucky, we all need to have  skills and determination in everything that we are doing, without it we can never achieve what we are wishing for that is why for me we all need to work hard if we really want to achieve something in our life.

In my own opinion, day trading is a skill that can be obtained by studying several scenarios in the market, so it only means that everyone can be successful if they are not lazy to study.

I think day trade does not just depend on a luck but it will need the skill to analyze the coins and not every trader can do better in every day. sometimes we can earn a big profit but at the other time, we cannot make any profit and only getting the loss. so we need to be careful to decide of buying the coins and make sure that we already making analysis before we buy.

I believe that in order to be able to trade day by day you need a lot of skills and can not rely on luck, it can be seen that the market is fluctuating continuously and bitcoin prices are beginning to trend. reduction . Therefore, for successful transactions you need to have a specific trading plan, accurate analysis, combined with market information and always keep track of bitcoin prices so that you can handle every possible situation.

You can not rely on luck to be able to successfully trade at this point in the market.

If you think you learned all and still doubting your skill's in day trade, i advise you now to do just hold. Why? because if you yourself do not believe in your self then that's an emotion, remember emotion is a biggest part of a trader.

Yeah day trade is more like a gamble then just a lucky thing or skill.
Day trading is hard to predict because you have to update your news like everyday to make it success.

Of course it's a skill man. Maybe 3 out of 10 people watching the same charts and having the same information will buy/sell at the right time. Trading is not for everyone.

Of course it is all about the hard work and the skill game. There is no luck. It is just that probability rule or theory of lives that makes you work less hard. Experience matters the most in trading.

You would need to know good trading platforms and must have the market information and the basic knowledge about the technology of course. But it is not a die hard rule that you earn every day. This is entirely a matter of how you do the right thing in trading in the right time and get some percent of money.

In my own opinion, day trade is not a skill because everyone can do their own research in order to make right decisions and lessen the probability of losing their investment.

you are right, it is not recommended to do day trade especially if we don't have enough skill to analyze the market. we cannot make a profit if we continue to do this and it is better to do the weekly trade because I think it will give us some nice profit. usually, every coin will adjust their price after a week and I think in that time, we can make a profit too.

now it is indeed very difficult to get profit from trading because the value is down i think luck is very influential from the skill because the current market is difficult to predict

First i would say HOLDING IS THE BEST way of trading. If we come to your matter it is mostly depends on Luck & Skill also your money management skills. If you split your funds to many best coins & not so greedy grab 5% - 10% margin, you can survive doing day trading. Risk is included in day trading & must stick to these basics if you need to increase your capital. If not you will soon realize that it is not the way to trade & holding is better.

But if you are a new comer first learn well. Learn some tricks. Spend sometime by joining some good Telegram channels. Surf internet & try to understand the theory of doing day trading. Don't be hurry. Good Luck.