Day trade is more a lucky thing or skill - page 20.

sevendust777

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Quote from: developer101dev on June 19, 2018, 08:03:15 PM

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?

Trading is not a skill but can be actually learned through studying the market, there are a lot of wealthy people today in the market but still they cannot earn a huge amount of profit because they are bad on trading or they cannot handle the pressure sometimes when the market price are decreasing so they tend to sell their coins at the lowest price.

It requires skill when it comes to trading. Charting or doing TA's makes gives you ideas on how to enter and close trades. Wealthy people which are the whales play a big role in the market. Some of them lose but they are the ones who manipulates the market. So when bitcoin or altcoins dumps small traders panic and not the wealthy people.

metribitcoin

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Its possible to make consistent profit from day trading, so day trading is not gambling or lucky thing but to make profit from it need skill, knowledge and good psychology. Day trading in crypto will be profitable if we can manage emotion and have great trading strategy and trading plan to minimize the risk.

racingboy

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Yes, day trading requires a skill. base on my experience, I relied on luck at first but 50%-80% of my trades lose.

hoavantathan

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It need skills. You need to find good tokens, analsyse them, predict then invest. All are your skills and experience.

developer101dev

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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?

Trading is not a skill but can be actually learned through studying the market, there are a lot of wealthy people today in the market but still they cannot earn a huge amount of profit because they are bad on trading or they cannot handle the pressure sometimes when the market price are decreasing so they tend to sell their coins at the lowest price.

ArnoldChippy

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Quote from: SearchingforS on June 17, 2018, 06:30:59 PM

I'd try to disagree: how can you explain that there are players (traders) who constantly gain profits, and some, who constantly loose. Is it really only luck?

Yes that is not possible, you one know in advance that either he will make money from trading or will lose it, and it is also not so easy to make constant profit from gambling even from trading. Some time you must lose money in trading while other time you will make a good profit from trading. But is not for sure that you will make money from trading for every time.

websoftwareengineer

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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?

Trading is not a skill because everyone has the capability of studying the situation before investing or sell their coins in order to earn more profit in the future, there will be no luck because the prices is depending on the supply and demand of the market.

boy130

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Quote from: SearchingforS on June 17, 2018, 06:30:59 PM

I'd try to disagree: how can you explain that there are players (traders) who constantly gain profits, and some, who constantly loose. Is it really only luck?

Well technically if you look at a broad group of even gamblers, you would find a few outliers that only seem to win, defying the odds, so this isn't really an argument against the differences. Of course, when you see the full picture then you will notice the outliers, the truth is that with trading, most people actually lose money too, but that's simply because they are either inexperienced, or too greedy. With experience comes skill, and with skill comes profit. Take the time to understand the market, and with it, you'll get better profits when trading.

easydrawrex

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For me, day-trading is mostly a skill because it takes a lot of resilience, time, effort and you have to be able to adapt the sudden change of the market price from time to time. You also have to be patience and be careful especially when making your Technical Analysis because it plays a big role in the success of your day-trade.

bitbunnny

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For day trading you need a lot of skills and that is not for everyone. It's very risky and demands good information on the market, almost 24/7 presence and big experience, focus on the changes on the market all the time. A little bit of luck can help but you can't rely on that if you don't have knowledge and skills, also a sense for good timing.
Very few people could be experienced in day trading so better don't try unprepared.

Alexvid

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Quote from: ngacengan on June 18, 2018, 08:50:07 PM

it seems like daily trading is only from a luck factor because I've done and I do not have the skills to see the right time to buy coins and sell coins and when doing daily trading I am very fortunate to get a profit.

I don't think that's all luck but mostly we don't know all the factors that influence some coin's price so in the end it ends looking like it's just luck. I try to research before investing but I don't get it always right. I guess that's normal in this kind of market.

ngacengan

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it seems like daily trading is only from a luck factor because I've done and I do not have the skills to see the right time to buy coins and sell coins and when doing daily trading I am very fortunate to get a profit.

Jake Virus

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Quote from: ici_lemmy on June 16, 2018, 01:14:24 PM

you cant get success with only lucky. you must prepare knowledge and technical skills to trade and invest. Besides, focusing on the informations in the market will help you give right choices

Well there is no doubt that to became successful in day trading, all the traders should have a great knowledge and should have a skills in doing trading but for me traders should also have a luck so they can able to make more income.

phucngungoc

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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 believe that in order to be successful in trading day by day you need a lot of skill and ability to sense the market, you can see that bitcoin prices are constantly fluctuating and adjusting during the past days. . So to be able to successfully trade you need to analyze accurately, combine market information and always follow bitcoin prices. This job requires you to focus your energies so there will be no luck here.

CoinMarcel

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Call it skills, good or bad luck, anticipating the market, reading the news....it is mostly a gamble, otherwise everybody would be rich.

ololajulo

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Skills in trading is good but with skills and experience you will always have your bad days, which skills wont protect you from. Some loss can be so massive to take you out of trade absolutely. The risk must be carefully managed to protect ones portfolio. Dont ever be greedy of gain.

Prodigye

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Day trading is absolutely not all about luck, you may be lucky a few times but if you do not have the skill you cannot CONSISTENTLY profit. I suggest you do some studying before venturing into this field since it can be quite risky for unexperienced traders.

Kupid002

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Quote from: FUD Expert on June 18, 2018, 09:15:17 AM

Quote from: SearchingforS on June 17, 2018, 06:30:59 PM

I'd try to disagree: how can you explain that there are players (traders) who constantly gain profits, and some, who constantly loose. Is it really only luck?

Constantly gaining? Are you really sure about that? Nothing in this world who gains without experiencing any losses and I believe that those traders you are speaking of are not just mentioning their losses or they're so good at managing a lot of coins that the losses are bearable because of their gains on the other.

well i believe that most traders and the traders that have been experiencing a lot of what could be traders can experience for are made some losses that we cant actually figure out that this may ever happen and as of by this they can actually learnrd on it every traders made a loss for making profit this is the reality.

Tigerw

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Quote from: FUD Expert on June 18, 2018, 09:15:17 AM

Quote from: SearchingforS on June 17, 2018, 06:30:59 PM

I'd try to disagree: how can you explain that there are players (traders) who constantly gain profits, and some, who constantly loose. Is it really only luck?

Constantly gaining? Are you really sure about that? Nothing in this world who gains without experiencing any losses and I believe that those traders you are speaking of are not just mentioning their losses or they're so good at managing a lot of coins that the losses are bearable because of their gains on the other.

losses will always be. You need to be a psychic to anticipate when the price of a particular coin is in the Lower or the upper maximum. if this could be done very easily, then almost every trader was successful.

Alexvid

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Quote from: SearchingforS on June 17, 2018, 06:30:59 PM

I'd try to disagree: how can you explain that there are players (traders) who constantly gain profits, and some, who constantly loose. Is it really only luck?

Yeah exactly, you can't rely only on luck. If you're not skilled and don't follow the news you're going to los emoney.

Topic: Day trade is more a lucky thing or skill - page 20. (Read 2912 times)