Day trade is more a lucky thing or skill - page 35.

goku1525

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Quote from: Zadicar on May 06, 2018, 08:22:32 AM

Quote from: Dodoymabs on May 06, 2018, 05:40:08 AM

Quote from: semarmesem195 on May 06, 2018, 04:36:49 AM

Quote from: brawdias on April 18, 2018, 12:17:12 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.

Skill is the main thing needed for Day Trading, because Day Trading takes a short time to get profit. If we are not skilled at seeing the charts and patterns then the defeat is just waiting in front of the eyes. What is meant by Day Trading's "fortunately" is when the graph changes drastically but suddenly you get profit because garfik rise per few seconds before you do that trading is called luck Day Trading according to me.

Trading basically need some sort of skills like controlling our emotions. Day trade needs a lot of time so, in order not to miss the pump, it needs some monitoring tools which we can set a target and automatically notify us when target achieved.

Controlling emotions isnt really a skill but really an important factor which really need to be controlled if you do like to sustain on trading career. Day trade is different to a traditional long term aspects which you would really be active on seeing out prices because profitability would really matter on how good you are on doing trading.This skill wont really be easy to attained and this way doesnt really suit out each trader.

Definitely, as a trader always brings positivity and good strategies in terms of trading. Its human nature that not to control emotions ,for the safety of coin don't trade coins if not in a good mood because it has a chances to loss our earnings .Day trading of coin is a good idea also because we can earn quick profit but its too pressure for traders. In my option ,better to hodl until it will reach our targets .

Zadicar

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Quote from: Dodoymabs on May 06, 2018, 05:40:08 AM

Quote from: semarmesem195 on May 06, 2018, 04:36:49 AM

Quote from: brawdias on April 18, 2018, 12:17:12 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.

Skill is the main thing needed for Day Trading, because Day Trading takes a short time to get profit. If we are not skilled at seeing the charts and patterns then the defeat is just waiting in front of the eyes. What is meant by Day Trading's "fortunately" is when the graph changes drastically but suddenly you get profit because garfik rise per few seconds before you do that trading is called luck Day Trading according to me.

Trading basically need some sort of skills like controlling our emotions. Day trade needs a lot of time so, in order not to miss the pump, it needs some monitoring tools which we can set a target and automatically notify us when target achieved.

Controlling emotions isnt really a skill but really an important factor which really need to be controlled if you do like to sustain on trading career. Day trade is different to a traditional long term aspects which you would really be active on seeing out prices because profitability would really matter on how good you are on doing trading.This skill wont really be easy to attained and this way doesnt really suit out each trader.

Leonard2016

hero member

Activity: 1036

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Luck is for gambling , If you have goal and will you don't need luck , day trading is hard and suggest only for advanced , If you are still newbie or want to trade with luck you will lose. trading is a business , a professional job.

Ahiaba

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Activity: 447

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Day trading is good for those that has good knowledge of what trading crypto currency is all about as trading is for everyone in the community because cannot control their emotions once the market trend is notvin their favour as they end up selling at lost.

iqlimasyadiqa

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Quote from: brawdias on April 18, 2018, 12:17:12 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?

Believe that experience and skill is the main capital to do Trading. Luck is necessary, but 80% portion in trading is a skill and experience. So we have to keep trying every time to train the mindset we have because it will help us in making a successful Trading.

Trading is a much more definite and very different thing than gambling that must require luck to achieve the desired result.

Easzjohn

copper member

Activity: 90

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Day trade needs spacial skills more than luck. If u mot skilled you will end up buying the high and selling the dip

Dodoymabs

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Activity: 602

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Quote from: semarmesem195 on May 06, 2018, 04:36:49 AM

Quote from: brawdias on April 18, 2018, 12:17:12 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.

Skill is the main thing needed for Day Trading, because Day Trading takes a short time to get profit. If we are not skilled at seeing the charts and patterns then the defeat is just waiting in front of the eyes. What is meant by Day Trading's "fortunately" is when the graph changes drastically but suddenly you get profit because garfik rise per few seconds before you do that trading is called luck Day Trading according to me.

Trading basically need some sort of skills like controlling our emotions. Day trade needs a lot of time so, in order not to miss the pump, it needs some monitoring tools which we can set a target and automatically notify us when target achieved.

andohyeb

member

Activity: 287

Merit: 10

Day trading is a skill like computer skills that can be learnt. It is advisable to start learning chart reading and analysing news items in relative to price. With time you can also day trade when it has become a skill .

Jhomzky23

newbie

Activity: 40

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It's a skill that you have to harness in order for you to be profitable. A great trader once said, "the harder I work, the luckier I get". 😋

The Cryptovator

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Actually we believe in luck. But you have to try. You must need skill for day trade. You should know good analysis before you trade. Offcurse many people getting profit from day trade. They not only depend on luck. If you not study and not try how luck will favour you?

semarmesem195

member

Activity: 294

Merit: 10

Quote from: brawdias on April 18, 2018, 12:17:12 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.

Skill is the main thing needed for Day Trading, because Day Trading takes a short time to get profit. If we are not skilled at seeing the charts and patterns then the defeat is just waiting in front of the eyes. What is meant by Day Trading's "fortunately" is when the graph changes drastically but suddenly you get profit because garfik rise per few seconds before you do that trading is called luck Day Trading according to me.

Bdstar

sr. member

Activity: 728

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I think in this issue luck plays the most vital key rather than skill. If your luck will not favor you then skill doesn't allow you to get benefitted from this short time trading. I think day trading is a very vulnerable task for anyone. So luck is the vital for this issue.

MidKnight

full member

Activity: 476

Merit: 101

It's more luck. The skills on daytrading is very easy to learn and it just needs a lot patience because you are monitoring the prices. It's cancelling and setting orders as many times until it hits your target.

javadevm8

newbie

Activity: 81

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Support and resistance is used for day trading and is a common practice. Risk management is what is needed to be successful.

charlzyeby

jr. member

Activity: 182

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I think the skill needed outweighs the luck. You can't get lucky all the time and be making profits. It needs a lot of time to sit behind your comuter and study graphs all the time. One of the necessary skills needed to master is avoiding greed. Sometimes people make reasonable profits and decide to go all out to get rich in seconds. That's where the luck comes in.

Pattart

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Quote from: ?? on ??

Day traders are always active in this trading platform so they know how to choose the best coin and they are all skillful person so it is not easy for everyone. I think experience person make good profit.

I think even day trading or long term investment though. luck only gives little effect dude? let alone daytrading more risky than holding or long-term investment. so surely you have to have deeper skills if you want to do daytrading because prices go up and down very quickly and you have to do a quick analysis to sell or not, to buy or not, its take deeper skills

dimonstration

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Dimon69

Quote from: Saidmod on May 05, 2018, 07:49:31 PM

Quote from: ?? on ??

Day traders are always active in this trading platform so they know how to choose the best coin and they are all skillful person so it is not easy for everyone. I think experience person make good profit.

Yes, we can't depend only on luck it is not gambling and not that easy money for the newly traders unlike in gambling if you are new the result will be as fast like the old members. Dy trading is more on it a skill and a good strategy for you to make your own money.

This was some of the best of us can be applied for when you are good in trading and make all the things right better.

Saidmod

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Activity: 659

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Quote from: ?? on ??

Day traders are always active in this trading platform so they know how to choose the best coin and they are all skillful person so it is not easy for everyone. I think experience person make good profit.

Yes, we can't depend only on luck it is not gambling and not that easy money for the newly traders unlike in gambling if you are new the result will be as fast like the old members. Dy trading is more on it a skill and a good strategy for you to make your own money.

Elai101

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Activity: 154

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Quote from: sickfancy on May 03, 2018, 09:58:41 AM

Both skill and luck.

Daily trading of multiple coins executing orders based on your specific strategy using multiple market indicators earning steady profit slowly but surely requires skill.

Buying a coin expecting tiny return then suddenly shoots 100% due to huge pump by McAfee is luck.

Not always, but above imo are example of skill and luck.

Yes, a profitable day trading is always a combination of luck and skills because even how skillful we are but the market price is still not good then nothing profit happen, as the market value is always volatile because of the changes made by the traders itself and the investors and above all the big whales, therefore its all beyond our control.

flower1024

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Quote from: Apened on May 03, 2018, 09:20:15 AM

Quote from: ELEL_ELEL on May 03, 2018, 08:55:16 AM

Quote from: brawdias on April 18, 2018, 12:17:12 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?

Yes day trade is more a lucky thing because you can profit each day you trade.This is a big thing to all teaders because they earn everyday and they can save more money.I think this is the best time to grow more in bitcoin.Esoecially to have knowledge in trading.

Day trade will become lucky thing if you are truly lucky but don't expect it most of the time. Day trade is not about all luck, it is more on ones skill to be able to trade. If you want to earn daily you need to learn this things of the best that you cab, almost all factors that how market moves up and down. Emotions should be controlled and you have that skills you will hit that shot.

Day trading is not an easy job even if you are lucky also you can't make an everyday profit. it fully depends on your talent and experience. before entering to this business you must know all pros and cons of this day trading because to control your emotions. to make a profit in day trading we need both skill and luck if anyone will miss you will lose your money.

Topic: Day trade is more a lucky thing or skill - page 35. (Read 2938 times)