It can be luck only short term. Long term making profit with trading means: making good decisions frequently.
That cannot be matter of luck, rather good strategy , discipline, patience, technical and analytical skills , experience etc.
Topic: Day trade is more a lucky thing or skill - page 23. (Read 2938 times)
A combination of both. trading also needs a strategy and it is a skill that needs to be sharpened and improved. Trade without strategy? then goodbye.
I think you should be smart enough to know how to create diagrams and how to decipher the information from the same chart. Not an easy task and that's why less than merchants are day traders, it's a tough thing to do.
It seems luck to outsiders but it takes a ton of skills for day trading effectively. Not only must you have bankroll, discipline, emotional control, time management, market understanding, and many other skills.
Every trade and busieness require luck upto a little. And tactics is a must have.
I think it can be both, in trading it takes skill and good knowledge to be able to get profit but if you are not lucky then you can be wrong in predicting price and become loss
Trading without any skills is the same as gambling and risking to lose too much of your investments so you have to be prepared and be able to analyze charts of different coins in order to know when it is the best time to sell.
To have a good income or profit in day trading, people should be both lucky and skillful because sometimes even the traders is skillful they are still facing a huge loss in day trading that's why in day trading people also needs to be lucky.
I think day trading will require more skill. Luck is also a significant factor for day trading. But it seems that some experienced traders will have more analytical skills, and they can tell which coin will rise today
skills are clearly the most important factor for day trading, where we have to carefully read the market price movements at any time, although luck can be accompanied for day trading, I think the things that need to be applied are the expertise and experience in trading
Before you decide to do daily trading, you should learn carefully how tips and tricks to get daily profit from trading. It requires adequate expertise to make your daily trading work. One of them by studying trading strategy. Trading strategy is very important, because without your trading activity strategy will be very messy. You need to know what strategies you can take and which strategies best suit your character. If you are a beginner trader, try to use profitable strategies but mini risks, such as swing market, simple claping or follow trends.
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?
I would say 50-50. I say that because every thing should be dealt with and practiced with skill, knowledge and experience. It's more comforting to know that there is a science or preparation, at least, to something that you're doing, especially if it involves money. However, if something is imbued with luck, what more can you ask for. Sometimes, even the baddest of situations can still be salvaged with the blessing of luck. So, that's why I say it's 50-50.
Day trading involves a lot of skills and research. Most inexperienced day traders end up running at losses because they don't have the skills and don't do enough research. Most day traders with much skills always consider the 24hr gainers and losers and use these statistics to trade. Luck is just a few part.
Day trading takes a lot of time, dedication and experience to achieve top tier skill. Luck is also a factor, lets be real, not everyone can predict which coin is going to blast off in only one day. I wouldn't take much advice from YouTubers though, a lot of their videos could be staged. Companies that adopt digital crypto currencies always focus on good marketing campaigns, YouTube being one of them.
Obviously, a skill, you require a lot of knowledge in orderr to be able to make at least, a little profit on the entire market, that is why it is not a luck skill, neither a strategy.
Day trading is a skill, how to judge the market on daily basis, how to set trade in day trading margin, how much profit is in under estimation and set a plan according to this, these all information and ideas are the skill that makes your daily trading to a good profitable,
depending on how actively you analyze the market, it is true luck is one that determines trading but not all, of course technical and fundamental analysis is needed.
whether it can be called good luck if someone trades for 8 times / day, of course not.
whether it can be called good luck if someone trades for 8 times / day, of course not.
I think day trading is 70% of luck plus 30% of skills. if you consider yourself a very lucky guy, and when you have trading experience, you can risk here.
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?
In my own opinion it was a skill because in order to become good in trading then you really need to have experience from the market and from there you will become a very good trader and you should know how the system works in order to avoid losing capital.
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?
I believe it's skill. We can't do trading well if we don't have enough idea about what we are doing. It is important that we know all the basics of trading and all the aspects and strategies of it. We can't just rely it in luck because it is not like a lottery or any form of gambling.
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 extremly risky investment strategy but we can easily grow our capital if we will use the volatility of the cryptocurrencies as advantage. We should use different techniques for us to avoid losses and make earnings. 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?
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?
In my own opinion it was a skill because in order to become good in trading then you really need to have experience from the market and from there you will become a very good trader and you should know how the system works in order to avoid losing capital.
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 it is skill! The reason why day traders are earning big amount of money is because they are using different strategies that they learned. It is not the luck why they are winning in day trading. 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 you need both of them to become successful in trading.In my opinion you need 90% skill and 10% luck.You can develop your skill from tradingview website.Tradingview is very resourceful website for learning about trading and technical analysis.And the most important thing for a day trader is to know when to take profit.
of course for a trader there are several basic rules that you need to have good results with a comma, but still without a certain experience it will not work. I have an acquaintance who purely intuitively determines the time of sales and purchases, while the results speak for themselves. 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?
Definitely skill is very important but it's better if you're lucky.
If you don't know to anticipate which coin is going to rise, and why, it's better for you to just hodl and not do trading.
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