Topic: Day trade is more a lucky thing or skill - page 28. (Read 2938 times)
Since the cryptomarket is very volatile, I can say that Day Trading is a combination of luck, skills, and knowledge. These 3 cannot stand alone in day 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?
When you choose day trading then you must have the skill and also the luck. Skill is very influential because then you can do a good analysis so you can choose which coin has prospects and which are not. Besides that luck is also a factor to watch out for, luck could have been present in the final condition where sometimes there is a very fast and influencing news. Well with luck then we can avoid a bad thing happen. I say that because in this crypto world everything can happen and we are in a very difficult moment to predict. 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 day trade includes lucky thing and skills as well. Trading is unpredictable, it means that we cannot forecast the next price. So if you put your investment at the right place then you are lucky to have more profits.
Not al the times you are lucky so if you do it everyday it will really test how lucky you are. The volatility of market will not going to save you or guarantee that you will earn everyday. For it to achieve skills is the best friend that you will need to have.
I believe that day trade includes lucky thing and skills as well. Trading is unpredictable, it means that we cannot forecast the next price. So if you put your investment at the right place then you are lucky to have more profits.
Depends on your knowledge. If you're a noob, then day trading is nothing more than gambling. On the other hand, there are people earning millions day trading using their skill and experience.
It requires good knowledge to be able to survive with daily trading and it must be a combination between luck and skill. If we only rely on our feeling in daily trading, surely that will lead us to a very bad result at the end.
Day trading entails being an experienced trader equipped with all the trading analysis considering the fact that Cryptos are highly volatile especially when trading with lower charts of course this is not gambling else a trader will be in losing side all the time.
It’s not about luck that matters in trading but your behavior in analyzing the stock market. If you make a right move, nobody can stop you making money.
I think both of them because if you have skills and luck in trading for sure you can make a nice profit and luck, it can also make you earning money in trading, but if we talk about just skills in trading, there is a chance to lose, but even if you see yourself losing you shouldn't panic at this point, you should wait and keep waiting until this loss become gain again.
If just use Lucky then just play a gamble game, go to casino and win some money from your luck. On busines and investment always have some strategy / skill to make sure you have potential gain some profit
Day trade is a skill and analisys, sometimes need a lucky too.
but trading is not pure of lucky. of course. Trading is a skill and needed an analysis to do that.
but trading is not pure of lucky. of course. Trading is a skill and needed an analysis to do that.
Day trade is very risky If u have more then 500$ you can Trade day..Day trade is High Risk High Profit.But day trade is more money if u have more inowledge about Crypto market..I think u must kniw about stop lomit stop loss.. So day trade is good
Day trading requires skill, luck and instincts. Sometimes prices are driven by emotions and manipulation thats why its hard to predict and indicators can be advantage or disadvantage. Its kind of serious job that needs focus to maximize profit and avoid loss.
The best strategy for newcomers is to try buy low any cryptocurrency from top-50 and hold it to sell in high. If you want to trade into a day you will have to learn about technical and fundamental analysis. Because successful day trade is very difficult.
In the volatile world of cryptocurrency, it does not only affect our performance as traders but also the profit we all worked hard for. Luck may be part of the game as things would sometimes be on our favorable side despite the circumstances, but I don't think we have to rely much on it. We still need to improve our knowledge and skills, these are our great weapon that we can use to be an educated and responsible trader. Day trading is dangerous if you get yourself involved without having sufficient knowledge on how the crypto world really works and how to be a wise player in the field of day trading.
Can you read the future?, if you can then you will win while trading, many have a strong analysis but the chances are precisely only 85%,
nothing really have the perfect ability in trading, those who succeed in trading must use something (software or other tools) to get his/her shot right.
so what you're looking for should be is the tool not the skill
nothing really have the perfect ability in trading, those who succeed in trading must use something (software or other tools) to get his/her shot right.
so what you're looking for should be is the tool not the skill
I believe that day trading is luck and skill, but also relies on intuition as well
My advices
1) diversify enough not to lose track, but sustainable to be a whale someday
2) research many variables on projects: Utility, management, marketing, technology, escalable, and so on.
3) even if is a small amount, you have to make good decisions. Diversity is not always sustainability. Chose those best projects and invest on those in equal amounts monthly then... keep track.
4) Do not invest so often on new projects, watch.. study, do.
5) Even if you are investing on crypto.. take a percentage to save FIAT. Adoption is gonna take a while, diversification on one industry is like no diversification at all. Save at least 25% monthly and invest on stock markets... as crypto has more accesible knowledge on the dynamics, helps you out to understand other markets and increase a real diversified portfolio.
1) diversify enough not to lose track, but sustainable to be a whale someday
2) research many variables on projects: Utility, management, marketing, technology, escalable, and so on.
3) even if is a small amount, you have to make good decisions. Diversity is not always sustainability. Chose those best projects and invest on those in equal amounts monthly then... keep track.
4) Do not invest so often on new projects, watch.. study, do.
5) Even if you are investing on crypto.. take a percentage to save FIAT. Adoption is gonna take a while, diversification on one industry is like no diversification at all. Save at least 25% monthly and invest on stock markets... as crypto has more accesible knowledge on the dynamics, helps you out to understand other markets and increase a real diversified portfolio.
Trading just like any other job out there require a particular set of skills that you must have in order for you to be successful. S little bit of luck do play out from time to time. Essentially however, what take you through the rough water of trading is the skill that you have.
It is all about skill, training and emotional comportment. These characteristics help to be good trader likewise ability to dedicate your time to day trading. So it is all about skill not luck.
Skill, it's about being resilient and keep going and willing to adapt quickly. A bit is luck sure but I would say that's over estimated.
I guess to win day trade is a lot more of skill accompanied by cleverness to anticipate the most possible next scenario. Its about ability to analyze the market flow, demand and supply. But at the end of the day, prediction and forecast might end up the other way so I guess that sometimes, it can be a little bit of luck also. 
I do not think that having this kind of skill is enough to get a constant profit all the time and I am sure that some people are just lucky to pick the best coins or invest in them when it is the best time to do so.
For me having a great skills in trading is a lot of people needs to became successful in day trading, and i believe that day trading is not a lucky thing and i believe that to be a good day trader we should practice everyday and we should practice our skills. Jump to: