Day trade is more a lucky thing or skill - page 37.

iv4n

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Quote from: newbie-hero on April 28, 2018, 06:51:07 AM

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 that both things are needed. You can have really great luck and no skills in trading and earn much more than even the most experienced tough trader.

Both indeed, luck is the product of constant trying, but skills to know what you are trying and how you do it is also needed. Combination of many factors affect day trading results, sometimes you will have more luck then you expected, sometimes with only your experience can help you to avoid some bad trades.
More experience trader you are, more factors you include in your calculations, more chances to be make a good trade you have. Less experienced traders include less factors and with them luck is one of the main things they count. Day trading is like skill based gambling, I see it like that, if you are not ready for ups and downs don't even try to practice it.

newbie-hero

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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 that both things are needed. You can have really great luck and no skills in trading and earn much more than even the most experienced tough trader.

Joriecoinbit

full member

Activity: 434

Merit: 105

Quote from: Osarman on April 28, 2018, 05:50:50 AM

Quote from: LSt56 on April 27, 2018, 02:44:51 AM

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?

really, day trading covers all things and it can be skill and luck even insight and information is also included in it. so day trading is way more difficult but it provides many advantages.

Everything has good and bad aspects. It is us who will be determining which aspects we want to follow for that particular thing. Like here in this case, day trading is one of best sources for income at day level. You can earn some profit ratios at daily rates while in long term investment or holding, daily profits can’t be achieved. But this daily work is so hard and prone to exhaustion.

Its more lucky when taking a long term investment because we can achieved higher profit and our money will grow while in day trading we can also get small profit but the process is so annoying in case we are not ready. Its more difficult when taking day trading because we are in hurry and its too much pressure.

Osarman

hero member

Activity: 952

Merit: 503

Quote from: LSt56 on April 27, 2018, 02:44:51 AM

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?

really, day trading covers all things and it can be skill and luck even insight and information is also included in it. so day trading is way more difficult but it provides many advantages.

Everything has good and bad aspects. It is us who will be determining which aspects we want to follow for that particular thing. Like here in this case, day trading is one of best sources for income at day level. You can earn some profit ratios at daily rates while in long term investment or holding, daily profits can’t be achieved. But this daily work is so hard and prone to exhaustion.

Mateo123

newbie

Activity: 182

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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?

For me,both matters in trading,but its better to have skill,it is very important weapon in trading, remember we are not always lucky,If we have SKILL its forever with us, we are confident enough to face the world of trading.

rodel caling

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day trade is very risky job skill is important among us because need to know how to know what is potentially altcoins going to increase within 24 hours for their on analysis to get earnings or else had possible to lose investment if didn't know how to make money in trading, lucky is an extra benefits from the trader's.

entebah

full member

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Analysis does not help anything in trading, especially with the various issues that hit BTC then Bitcoin price will destroy all Altcoin prices. it happens and is very real, the analysis only works in a small percentage maybe 20% and the rest is guessing or luck.

Mokter

member

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Quote from: aoluain on April 18, 2018, 01:28:58 PM

My opinion on day trading is that you need to dedicate the day to it
you need to watch the markets and keep up to date with news and
the trends and reactions to the news articles. The markets are volatile
so you need to be able to react to movements as they happen.

I think day trade is both skill and luck. If I convert it in ratio, I would say it is 80% skill and 20% luck. At first you have to buy with your market skill. Then you have to be lucky enough too to gain. Otherwise you may face loss although you have bought strategically.

airdropan

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Activity: 532

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♦♦♦♦♦

90% skill 10% luck or i can say 95% skill 5 % luck
in daily trading u really need to be skillfull, need strategy for sure
lucky happend like 1 times then another is skill
when u have skill to read th chart or what market will be , u will find a good coin to buy

allohha

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Quote from: Shanmatthew on April 27, 2018, 12:45:15 PM

Day trading is everyone says that its a full of skills and a little bit of luck.yes, its true.you need to be a skilled traders to compit other people and have a lot of strategy to get an advantage to them. But there's a lot of professional trader so you need to be wise on you're decision.

and yet many people are engaged in day to day trading and this is their main job. Of course, these people have a lot of experience and a lot of knowledge that makes it possible to engage in this activity.

Shanmatthew

member

Activity: 243

Merit: 10

Day trading is everyone says that its a full of skills and a little bit of luck.yes, its true.you need to be a skilled traders to compit other people and have a lot of strategy to get an advantage to them. But there's a lot of professional trader so you need to be wise on you're decision.

GawirZZ

newbie

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I think in terms of trading the most influential thing is a skill not about daily trading, if you are proficient in analyzing coins every day you will get a provit even every hour can also if you are skilled.

ov3rflow9x

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The holders of many cryptocurrency or big capacity traders are whales in cryptoworld. But in some cases, they do very bad decisions for other coinholders, dropping prices and etc

noxpost

jr. member

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Quote from: tesla80 on April 27, 2018, 04:53:41 AM

Thank you, that was helpful indeed.
TA is important, not always true but useful.

Great, glad you liked it ! Of course, merit is always appreciated

bezygly

member

Activity: 266

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?

In order to trade every day you need good knowledge and vast experience. There are already many professionals in this market, so it's more difficult to trade with beginners every day. Yes, maybe you will just be lucky, but it will not last forever, here you can earn 1000% per day, but also lose 100%.

enwi

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I think, daily trading has a greater risk and needed expertise and focus to be able to observe the market well, because if you are wrong in making a decision then you will lose

Om.monata

full member

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day trading can actually be better because it can control the benefits for ourselves, because today's daily trading does not require a good skill that most importantly can sell and buy at the right time. because this is the right time rather than a loss in long-term trading time.

bitcoinveda

member

Activity: 378

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Both are included and in some cases, you need to face the losses, so it always suggestable to trade with profit and rest you can keep for holding because day trading is too risky one and within seconds we might lose the capital.

G.Cast33

newbie

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it's a combination of both, as crypto is very unpredictable and moves so fast compared to traditional stocks

royalbittinz

newbie

Activity: 382

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When day trading, you have to understand the TA And MA, don't trade with emotion be patient. Though it's time consuming because you have to stay in front of the screen watching the chat.

To me trading is 5%, 95% skills, especially if you know your "onion". The market is volatile, if you are trading based on luck then you will fail.

Topic: Day trade is more a lucky thing or skill - page 37. (Read 2912 times)