Day trade is more a lucky thing or skill - page 13.

Alexvid

newbie

Activity: 98

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Quote from: JL421 on July 04, 2018, 01:25:36 PM

It's just a lucky thing and nothing else, you can't really analyse the market it's impossible. Take the example of the recent events who knew price of bitcoin would rise all kf a sudden and people will pump altcoins. You just gotta take a risk if the market get's pumped you make profit or just get a loss

You can if you're a big player with lots of connections. Every market is predictable if you know what are whales going to do. Small traders like us can just make some semi predictions and hope they come true.

ModGirl

sr. member

Activity: 602

Merit: 250

Quote from: coffigayo on July 03, 2018, 09:10:43 AM

Yes because I have good skills. This is an advantage, there is no doubt that using my cryptocurrancy currency uses my skills but it takes time and I think day trading really requires skills rather than just luck.

In long term we can make good profit using our wise decision frequently so that is not a matter of luck but your patience your holding and your skills but in short term you will have to be lucky enough to see rise in fast pump, so I think in day trading we need luck with good experience, skills and some special knowledge, as if you will have good skills to trader for day but your luck is not working so it will be just waiting behind, but if you will be lucky you will be able to sell any time so we need both in trading for day.

JL421

hero member

Activity: 812

Merit: 510

It's just a lucky thing and nothing else, you can't really analyse the market it's impossible. Take the example of the recent events who knew price of bitcoin would rise all kf a sudden and people will pump altcoins. You just gotta take a risk if the market get's pumped you make profit or just get a loss

tanjilrifat

newbie

Activity: 154

Merit: 0

For day trading, you have to have a lot of experience and plenty of skill, you can't totally rely on luck and do trading.One tool that you may need to consider if you are into day trading is the Bollinger Bands.

emmybd

full member

Activity: 1218

Merit: 112

Only luck is not enough, it can favor you once or twice, but not every time. For day trading, you have to have a lot of experience and plenty of skill, you can't completely rely on luck and do day trading. Before buying any coin, you have to research well about that coin, you just can't blindfoldedly buy a coin and wait for the luck.

nydiacaskey01

legendary

Activity: 1834

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Those charts and tools available in exchange sites favors those who are into day trading. One tool that you may need to consider if you are into day trading is the Bollinger Bands. It will help you decide if price will continue to climb or any moment price will star dropping. Therefore for me, Day trading is more on skills on reading those charts.

iambakov

member

Activity: 112

Merit: 10

If you re not sure have time to analyze chart, latest news, and predict future news it's better to leave trade. in my opinion daily trade is more lucky thing, a bit of skill. It also depend how you trade. I recommend you to trade / hold in higher time frame.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: sandraonas on July 03, 2018, 03:45:47 PM

One cannot over emphasize the importance of skill when it comes to day trading.You have to get all your technical and fundamental analysis tools in place,then control your greed and emotions.Luck will just be an added bonus,not the real thing.

Correct, the mind power to always keep you on the go, skills mostly the key when you are inside this business, the capability to adjust and to be in safe even in the bloody market normally created or build by your skills, luck followed when you assess well, things will be combine with your hard work and
good analyze after that you will wait if luck will permits you to gain much better profits dealing with daily / short term goals.

XCANA

full member

Activity: 1456

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Day trading cannot in any way be seeing as a luck but all depends on your trading skill in crypto currency and not luck as you believe. On the other hand, luck will happen to those who don't have trading experience and if they make profit from their trade in crypto currency they may come with the believe that day trading in crypto currency is by luck and not skill.

laravuemaster

full member

Activity: 378

Merit: 100

When Football meets Crypto

Quote from: brawdias on April 18, 2018, 01:17:12 PM

I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?

Day trading is just a normal day, sometimes you can be lucky and you will hoard a huge amount of coins in a split 2nd because the price is dumping or you are just good enough to handle your patience when the market prices are down.

Chainsmokers

sr. member

Activity: 1372

Merit: 252

Quote from: dark08 on July 04, 2018, 10:31:06 AM

Quote from: InvestICO2L on July 04, 2018, 10:24:29 AM

Quote from: Rufsilf on June 29, 2018, 09:37:24 AM

Day trading will never be based on luck because it is all about skills because if you have skills then you can minimize the risk of losing money in day trading since it is very risky and you are playing with the volatility of the market day to day and if you will just base on luck then you have a high chance to lose a lot of money since you don't have foundation to rely on.

Both of luck and skill play an important key in earning benefit from day trading, but luck factors just influences a little percentage in day trading field ( about 15%). Because we all know that when we start joining in day trading, we have to prepare knowledge about it foremost for understanding and analyzing and that sort of things. Gradually, you build your own skill that what most necessary individual features to gain profit. We have to keep learning, reading to improve skill daily,monthly… Imagine that if you’re a trader, , you don’t know or know less skill for trading and you just sit by yourself waiting for the luck, you definitely never get success in day trading at all.

But most of the time its important you have a skill when doing trading because its not easy to make profit in trading industry theres a high possibility it resulting to lose your money if you dont known what to do in some falling down event.
And eventually being an skilled trader can make a huge profit by only short period of time.

that's right, because we also must have the ability when the market conditions are bad so can't if relying on luck alone, patience and ability is needed and the rest is luck.

dark08

full member

Activity: 798

Merit: 104

Quote from: InvestICO2L on July 04, 2018, 10:24:29 AM

Quote from: Rufsilf on June 29, 2018, 09:37:24 AM

Day trading will never be based on luck because it is all about skills because if you have skills then you can minimize the risk of losing money in day trading since it is very risky and you are playing with the volatility of the market day to day and if you will just base on luck then you have a high chance to lose a lot of money since you don't have foundation to rely on.

Both of luck and skill play an important key in earning benefit from day trading, but luck factors just influences a little percentage in day trading field ( about 15%). Because we all know that when we start joining in day trading, we have to prepare knowledge about it foremost for understanding and analyzing and that sort of things. Gradually, you build your own skill that what most necessary individual features to gain profit. We have to keep learning, reading to improve skill daily,monthly… Imagine that if you’re a trader, , you don’t know or know less skill for trading and you just sit by yourself waiting for the luck, you definitely never get success in day trading at all.

But most of the time its important you have a skill when doing trading because its not easy to make profit in trading industry theres a high possibility it resulting to lose your money if you dont known what to do in some falling down event.
And eventually being an skilled trader can make a huge profit by only short period of time.

InvestICO2L

full member

Activity: 420

Merit: 102

Quote from: Rufsilf on June 29, 2018, 09:37:24 AM

Day trading will never be based on luck because it is all about skills because if you have skills then you can minimize the risk of losing money in day trading since it is very risky and you are playing with the volatility of the market day to day and if you will just base on luck then you have a high chance to lose a lot of money since you don't have foundation to rely on.

Both of luck and skill play an important key in earning benefit from day trading, but luck factors just influences a little percentage in day trading field ( about 15%). Because we all know that when we start joining in day trading, we have to prepare knowledge about it foremost for understanding and analyzing and that sort of things. Gradually, you build your own skill that what most necessary individual features to gain profit. We have to keep learning, reading to improve skill daily,monthly… Imagine that if you’re a trader, , you don’t know or know less skill for trading and you just sit by yourself waiting for the luck, you definitely never get success in day trading at all.

Alexvid

newbie

Activity: 98

Merit: 0

Quote from: marginal on July 04, 2018, 07:05:12 AM

I would want to agree on that but I am persuaded that you need to be skillful otherwise you would be nothing more than a gambler and eventually every Gambler loses if he relies on the on the luck.

I think that it's not a matter of IF your going to lose some money in this market or not but WHAT are you going do to recover when you do lose. And of course what are you going to do to prevent that loss.

sandraonas

newbie

Activity: 27

Merit: 0

One cannot over emphasize the importance of skill when it comes to day trading.You have to get all your technical and fundamental analysis tools in place,then control your greed and emotions.Luck will just be an added bonus,not the real thing.

marginal

member

Activity: 224

Merit: 10

Quote from: brawdias on April 18, 2018, 01:17:12 PM

I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?

I would want to agree on that but I am persuaded that you need to be skillful otherwise you would be nothing more than a gambler and eventually every Gambler loses if he relies on the on the luck.

A L I E N

legendary

Activity: 1358

Merit: 1000

Quote from: darasinmi4show on July 03, 2018, 04:41:00 PM

Yes I can say that daily trade is luck than been experience in sometime. Also, the your are watching he threaded of market you can get the profitable trade that day. However, in trading skill is not the important thing.

Day trading differs a lot from gambling as I see it. It is the combination of your luck, skills, and experience. However, this business brings the best profits for those people who are not afraid to risk.

htconem7

member

Activity: 294

Merit: 10

Quote from: brawdias on April 18, 2018, 01:17:12 PM

I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?

With a constantly changing market, I believe that day trading is the choice and also the best solution at the moment, you can see that bitcoin prices are constantly fluctuating and still in cycle. Fall in the long run so it is easy to understand if bitcoin prices continue to fall deeply.

To be successful in the downtrend of the market, you need a lot of analytical skills and the ability to be nimble in the search for news and then make the right decision. Good luck is only part of the success.

atetess

member

Activity: 305

Merit: 10

Quote from: brawdias on April 18, 2018, 01:17:12 PM

I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?

It is more of the skills you cannot go into trading without any experience or learning about in trading. You can ern more in trading if you have some skills and lucky too if you invest at the very right position.

xvacator

jr. member

Activity: 341

Merit: 4

Quote from: abayan on July 03, 2018, 09:19:27 AM

Quote from: coffigayo on July 03, 2018, 09:10:43 AM

Yes because I have good skills. This is an advantage, there is no doubt that using my cryptocurrancy currency uses my skills but it takes time and I think day trading really requires skills rather than just luck.

Skills is very useful also don't disregard luck it needs and skills is making it more than efficient to make profits. Skills is the aspect that makes even a single coin with a small chance but has a good gains you can make more on it and you know when you will go and exit.

and please remember that you don't have to be greedy to chasing a big profit on that day because this will makes you lose the opportunity to make a profit. I have this experience before and I know that I make mistake by doing this so I try to reduce my profit percentage so I can still take a profit and for that day, I can trade over and over and at least, I trade for 5 times in a day and then I quit to take the profit.

Topic: Day trade is more a lucky thing or skill - page 13. (Read 2912 times)