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Topic: Day trade is more a lucky thing or skill - page 24. (Read 2938 times)

sr. member
Activity: 588
Merit: 256
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
member
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
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.
full member
Activity: 651
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?
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.
member
Activity: 294
Merit: 10
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.
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
full member
Activity: 476
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?


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.
newbie
Activity: 126
Merit: 0
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
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
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.
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.
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.
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.
newbie
Activity: 15
Merit: 0
It is all about cool blooded skill. If you can read the charts properly and you can avoid being affected by emotions, you can do well. Of course, luck can always help.
full member
Activity: 378
Merit: 100
I think both are very in need because we also need luck to be able to gain profit in trading although the actual skills and knowledge about trading is more important so we know what to do in trading
I am really sure thing that day trading is not more in lucky thing, i am sure that in day trading people should  have a great skills in trading to became very successfu and became very profitable in day trading.
member
Activity: 185
Merit: 10
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 trading is more on skills and with a little bit lucky charm. Maybe,  we need some prayers to guide us with our decisions.  Trading is not easy and it is very risky.
hero member
Activity: 854
Merit: 500
I think it is like mix of luck and skill but mostly it is related with your skill. You should be able to read the trading charts and make your moves, if you just trade out of your emotions or guess than yes luck will matter.]

Cryptoworld is full of uncertainty so even elite traders might have to change their minds in mid of trading if some news/updates pops up out of nowhere.
jr. member
Activity: 278
Merit: 1
I guess it is related more with a skill than a luck because if you are able to analyze the volatility of that coin the low price and the charts than you give so little chance to the luck.
newbie
Activity: 138
Merit: 0
Skill - You need to pay attention to the new and analyze.
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