Topic: Day trade is more a lucky thing or skill - page 2. (Read 2912 times)
this is a difficult decision if you don't have skills in daily trading, but for me it is better to do daily trading even if the results obtained are not as much as long-term trading
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?
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?
you can try day trade using a little portion of your fund, lets say 10%. and trade when you have inside information. sometimes luck plays a factor, but in crypto, you should have insde info, like gov't announcements, project announcements, and gossips. these have vital roles in pushing price up or pulling price down. if others have inside info and you don't, then you're in the losing end.
skill is given and luck is come to those person who is waiting patiently. day trade is a combination of luck and skill. lucky for you if you have success day trade in a short period of time.
It seems so. When you are doing share trading, you have a vague idea about the direction of the market, based on the financial reports and reviews of the concerned companies and corporations. But in crypto-trading, everything is unpredictable. It is impossible to predict in which way the market will be moving (with some accuracy).
Thank you for the replies, everyone. I have a general direction now for doing my own reading
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?
To be able to trade the day successfully, I believe you need to have a specific trading plan and need to identify the exact market. You can see that the market is constantly fluctuating and bitcoin prices are constantly decreasing in the last time is very difficult. That is why baj needs to have a specific plan before the transaction to minimize the risk. 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'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?
Obviously trading is the compilation of luck and skill, it is just an accident that you are making a good trade deal. But I would put 70% in the skill, because luck and accident is not constant and reliable. 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?
Luck wouldn't earn you profits on a regular basis.
You have to identify a currency with good volatility.
Study the market value (in the case of arbitrage trading)
Timing is very vital, to maximize profits. (and minimize losses)
Luck can play a part, but it's mostly about skill.
You have to identify a currency with good volatility.
Study the market value (in the case of arbitrage trading)
Timing is very vital, to maximize profits. (and minimize losses)
Luck can play a part, but it's mostly about skill.
Most of the time luck will not work in trading, so it is always good to have skills because if we don't have any guessing method or logic then we will be in loos. Trading always needs logical analysis before increasing its price and in trading, we always need a lot of patience until our target price is reached.
Agree. But for me it is both lucky and skill are the best combination to make trading succeesful. Because if we have enough skills in analyzing market behavior then it is our great advantage to get huge profit, because we can anticipate the price fluctuation ahead before doing trading transaction.
Day trading is risky ,but has high returns.You should have greatest judgement skills and knowledge of market movements/manipulations.Trusted and reliable sources on information about of pumps and dumps is a must.You may lose thousands in a second and gain multiple times your investment with in minutes.More than luck,you need experience and risk taking aptitude for day trading
I recommend newbies to stay away from day trading
I recommend newbies to stay away from day trading
Most of the time luck will not work in trading, so it is always good to have skills because if we don't have any guessing method or logic then we will be in loos. Trading always needs logical analysis before increasing its price and in trading, we always need a lot of patience until our target price is reached.
Agree. But for me it is both lucky and skill are the best combination to make trading succeesful. Because if we have enough skills in analyzing market behavior then it is our great advantage to get huge profit, because we can anticipate the price fluctuation ahead before doing trading transaction.
In my opinions, i think its take risks and involve to lucky more but if you watch and learn the market for enough times than maybe the experience will help you a lot.
In bitcoin trading it's much more like buying and selling goods online, that is the sale of goods profit or loss. Skill, is the initial capital of every trader especially for those who are still Newbie. Because, a fortune is not possible without skills even if some of them are lucky it may just be a coincidence. While those who have the skills can usually take advantage even though the market is in a declining condition. There is no such thing as lucky ones when it comes to trading, may it be day trading or long term trading. It has to be a skill and basically knowledge that when you day trade, you know how the coin runs through the process and you know that the coin you have traded with will be worth something too so it will be worth trading.
Most of the time luck will not work in trading, so it is always good to have skills because if we don't have any guessing method or logic then we will be in loos. Trading always needs logical analysis before increasing its price and in trading, we always need a lot of patience until our target price is reached.
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?
To be able to trade on success I believe you must have a lot of skills to be profitable. You can see that the market is constantly fluctuating so you need to accurately analyze the market mix and keep track of bitcoin prices while trading to minimize risk and earn a secure profit. Always plan and comply with the plan.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?
You have an idea and you execute that idea in the market and the market needs it, you would have a big number of costumers. Same is the thing in crypto. If you invest in a coin and the coin had good market around itself, you will be better off in future.
I might say both, let's say you have enough skills to do a good trading yet the assets you're focusing into opposed in your expectations and anticipation you're still unlucky at the moment. While those less skilled day traders can make profit as well, when their assets unexpectedly not opposed on their decisions based on the flactuations in the markets.
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 the best and safest choice at the moment but you can see that bitcoin prices are constantly decreasing and volatility is very strong, so to be able to successfully trade very difficult. You need to have good experience, accurate analysis and have a clear transaction plan, ready to cut losses as needed to avoid big losses. 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?
To be a day trader is a skill and has packed of knowledge. We can't earn in day trading specially if market is bleeding. But if we have knowledge in psychology and chart analysis, we can convert or go with the flow in the market. I want also to be a day trader someday so that I can experience more the scenario in trading.
Luck won't sustain you and earn you steady profits.
There are strategies of getting returns from any business venture.
You have to understand the market, equip yourself with knowledge, be able to adapt to market changes
There are strategies of getting returns from any business venture.
You have to understand the market, equip yourself with knowledge, be able to adapt to market changes
Personally, i think day trading is more of 50% skills and 50% luck. You can be as skillful in trading as you can be but if you do not have good luck by your side each day, trust me you will lose alot of money everyday. So, this is what i do often.., I pray for good luck. Hence, if i sense a bad omen on a particular day, that day will be announced no trading day. then my money will be save.. however, if i become stubborn and refuse to listen, then woe onto me.
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