Day trade is more a lucky thing or skill - page 24.

JRoa

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Activity: 528

Merit: 100

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 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.

developer101dev

full member

Activity: 364

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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?

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.

Shishir99

sr. member

Activity: 644

Merit: 379

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.

GrayFullbuster

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Activity: 658

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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 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.

Tigerw

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Activity: 448

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Quote from: Shishir99 on June 10, 2018, 09:50:38 AM

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.

Alexvid

newbie

Activity: 98

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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?

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.

ocid

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Activity: 588

Merit: 256

Quote from: PayneCharity on June 08, 2018, 06:05:16 AM

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

cryptocurrencyguru

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Activity: 280

Merit: 11

The day is like a skill we develop for many years of trading and patience drive trading ability we should be privilege to trade on day trade and attain profits in a extremely volatile market like bitcoin and other cryptocurrencies

Shinpako09

legendary

Activity: 2058

Merit: 1015

Trading is all about skill. You need to read chart, analyze, gather information about the coins and what's going on in the crypto world. If you don't have a skill, you will not become succesful in trading. You can't depend on your luck in just do random selling and buying.

Rebisco

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Activity: 651

Merit: 103

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 trade is a skill! Day trading is risky because cryptocurrencies have characteristics of being unstable. The prices are always changing due to the demand and supply in the market. We need to learn different strategy for us to grow our investment with day trading.

strongwarrior238

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?

You can see that with a market that is constantly volatile and difficult to predict, it is very difficult to make a successful trade. You have to have very good skills and come with it. The analysis combined with the market information to produce the most accurate statements. If you rely on luck trading losses you will lose very heavily.

JaxxBoll

newbie

Activity: 124

Merit: 0

When trading the day you use your analytical skills to earn less than 5% of profit, I think it's a skill. And if you earn more than 5% then it's good luck. So for this field when trading you have to have many analytical skills and you do not greedy too.

kxp

member

Activity: 144

Merit: 11

it requires a lot of skill and a lot of patience in order to make some profit, you can not expect to see huge returns anyway, i think that trading is not for everyone in here

gorodi

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Activity: 476

Merit: 100

Quote from: BITDV on June 05, 2018, 08:17:13 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?

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

In a way, you are right. You have to be very lucky to catch this cool chance and get the profit when you deal with the day trading. However, this business also needs skills and requires your time.

PayneCharity

newbie

Activity: 126

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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

Cryptostocks

member

Activity: 195

Merit: 10

I do not agree on this, you need to have a lot of skills + experience in order to be a succesfull trader, specially when you are doing daytrading/scalping, which is more difficult

Kevondo

sr. member

Activity: 742

Merit: 251

yes day trade is more luck think but you must have experience for trade if you don't have experience of trade so you will be face loss. i also done day trade when i was new i lost alot of money in trade because i were don't read the market and invest in those coin which price are already increase in market. but now i have alot of experience in trade and now for me day trading is fun for me i earn 20$ to 70$ per day.

futureofeth

member

Activity: 686

Merit: 10

Day trading is very risky for people who don't have much experience but people who have very great experience will make most money through day trading. Day trading is completely based on skills but without chart reading, we can't even survive with our investment.

Mr.John19

full member

Activity: 350

Merit: 109

The abilities may give you the benefits more than once. However, if you need to be an effective merchant, at that point, you need the expertise, information, techniques. Aptitude is the key on the exchanging if you don’t have it, enhance it. Lucky virtue is just appropriate to the betting because of your lucky charm you can win an excessive number of coins. As a multi-day trader, you must open your eyes to see what happened on the chart value. Continuously read and read a great deal of the news or article about coins.

Elmer1

newbie

Activity: 109

Merit: 0

I believe that trading is more on skills and with a little bit lucky charm. Luck is always there in every field of life, but still we have to work hard, day trading is somehow depending on our luck but still you need to have good experience in day trading and must also have some good day trading skill, which can also effect your gambling performance too much. You can see that the wall is constantly moving so you need to analyze accurately and always follow the bitcoin price changes to handle every situation. So i think that both are importance to for day trading.

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