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Topic: Day trade is more a lucky thing or skill - page 16. (Read 2912 times)

member
Activity: 392
Merit: 24
IT is a skill especially in bearish market terms. MEantime you need 2 sources for the trade. First one is budget to trade means fiat or crypto currency but second source that is the most important one is time to make trade daily which is minimum 3 hours in total.
member
Activity: 329
Merit: 10
it seems that daily trading requires more expertise than luck because if you do not have the skills then it seems you will find it hard to earn very much profit using daily trading.
sr. member
Activity: 1236
Merit: 252
If trading is a blessing and a skill, if you have the luck you will have many miracles going on and you will have the skill to get that deal. and i like the vif you get them 2 in 1  lucky thing and  skill
Well you are right in day trading luck matters a lot but I think for being a well trained day trading you we need the combination of skills and luck, how skillful we are but if the market and your luck is not supporting you so you will not be able to get good profit, as the market value is so volatile it never remains same so using our luck to hold and skills while buying we can become an expert day trader.
sr. member
Activity: 490
Merit: 250
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 bet it is just pure luck, if that thing even exist, because day trade is too risky to be done. And also, it is not so profitable, you will not use the money enough because its too little.  So i suggest, we should just hold bitcoin, for a longer time because it will just help us more than we thought it could be.
Trading is not based on luck dude! It is a skill and if you will give it time to master it then you will be successful in this field. Those who are holding are more of a investor and not a trader. And they prefer that way because they know they don't have the skill and they don't have the time to learn it because it will really take time to fully understand it and you have to constantly study it.
full member
Activity: 540
Merit: 100
Day trading is not a luck, it is more on skills. You can grow your money if you do not have technical analysis skills. You should know how to analyze the graph for you to find out when is the right time to buy and sell cryptocurrencies.
member
Activity: 392
Merit: 12
It is true that in day trading luck is very important, but you have to have some technical skill which is an added advantage. You can't entirely rely on luck.
copper member
Activity: 1050
Merit: 294
Trading is a skill whether it is long term or day trading. Day trading needs more concentration, dedication and experience as compared to long term.
To call it just luck is to discredit the abilities of traders.
newbie
Activity: 27
Merit: 0
I don't think it's a lucky thing , it's all about your skills, your predictions.
full member
Activity: 392
Merit: 100
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 bet it is just pure luck, if that thing even exist, because day trade is too risky to be done. And also, it is not so profitable, you will not use the money enough because its too little.  So i suggest, we should just hold bitcoin, for a longer time because it will just help us more than we thought it could be.
newbie
Activity: 168
Merit: 0
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 think skills with a little bit luck. Why there's a luck?because you need to make a decision everyday and not all decision are good sometimes you fail. make your skills as strong foundation in day trading like you think independently, alertness and decisivness during under pressure and with luck you will profit.
sr. member
Activity: 686
Merit: 250
Doing day trading is in dire need of a skill, but skill will not always be sure to gain success when trading.
For me that luck will be enough to play an important role in our success when trading.
The combination of luck and skill will be very influential in determining what we will get.

So do not ever consider one of them is not important, because without one of them then we can not achieve what we dream when trading.
newbie
Activity: 22
Merit: 1
Intraday trading can and will bring income, but only in the case of unconditional compliance with trade discipline, the competent drawing up of an action plan and the removal of all emotions.
So you got to have some skills exactly
Day trading or Week trading can bring some income but they could bring back the loss also with it . Nobody can tell exactly what will happen next but the only thing that we can make sure is only the discipline people will be more success than others like you mention.
member
Activity: 252
Merit: 71
Day trading I would say is not as beneficial. It is somewhat high risk and there is potential that you won’t even make any profit that day. I believe long term trading is more beneficial and you should investigate it! There is definitely potential to make money, but you need to keep your wits about you, as it can easily flip to the red within minutes.
Why not it is beneficial but it depend on your experience, if you have some experience in day trading then no doubt that you can make a good money from day trading, in fact most of the people do not become succeeded in day trading because they do not have any experience there and they start day trading without having any experience totally depending on their luck.

In trading most of people thinks like this that it is all about luck and knowledge if you will have to fine knowledge about trading I am sure you will earn more than anything, trading is a place where people can earn using skills and knowledge, so holding with patience, buy at low and trade at high will increase your profit even more than this, so the bigger you will plane the bigger you will earn from it.
newbie
Activity: 308
Merit: 0
Intraday trading can and will bring income, but only in the case of unconditional compliance with trade discipline, the competent drawing up of an action plan and the removal of all emotions.
So you got to have some skills exactly
newbie
Activity: 4
Merit: 0
You might get lucky once in a while, but skill helps you stay in the game in the long run
member
Activity: 154
Merit: 10
I cant deny that luck is an important factor in investment. But if you say that it is more important than skill, I dont think so. You can get luck once or twice but you cant get in all. Let's prepare knowledge and skill as much as possible before investing or trading
full member
Activity: 573
Merit: 100
Futurov
It is not a lucky thing, obviously it is a skill because you are making a decision what coin to buy and invest. So you are using your brain, strategies and other capabilities that is why it is a skill of a person.
full member
Activity: 1162
Merit: 101
Who has good information data and technical analysis, he can do every day for a few percent of profit per day, and this requires proven sources, such can be a platform Trade.io  Cool
newbie
Activity: 97
Merit: 0
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?

Of course, it's a skill, but a skill that can be learned. But, the difficult part is not to learn. The actual difficult part is to control emotions while trading, and dedicate hours and hours to learn and to get better, and again discipline and controlling emotions, I can't stress this enough. After all this, you would still also lose some trades, but the winning ones will probably outnumber the losing ones in a big way so that you be in profit overall.
full member
Activity: 630
Merit: 103
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 think we should have them both because for me even how expert and how skilled you are but if you don't have the luck to have the perfect timing of rise or fall of the market price then the possibilty of a huge earnings would be less then we can't just rely on luck if we don't have the skills on how day trading will perfectly to work too and being lucky would not happen everyday. Day trading is time consuming activity therefore it will favor those people that don't have stable jobs or they have plenty of free time.
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