Topic: Day trade is more a lucky thing or skill - page 37. (Read 2938 times)
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.
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. 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.
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
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
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.
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.
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.
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
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
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%.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, 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
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.
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.
it's a combination of both, as crypto is very unpredictable and moves so fast compared to traditional stocks
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.
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.
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?
Investing is always based on skill and comes with some luck. When you're lucky, you get a bargain and your money will increase a lot. But based on experience, your capital will grow evenly and never stop. I think you should still learn more about investing.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 should still stick to long term holdings because day trading is quite risky and takes a lot of time.
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?
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?
1% for luck and 99% for skill.
the world of crypto is full of theatrical and intrigue. so each trader must have their own expertise.
- such as arbitration must be able to analyze inter exchange.
- when there is a new airdrop coin should be able to analyze.
- there is good news from the coin that can be up.
- and when there is FUD coin it can be down.
and there are still many tricks to be learned in crypto and it needs Skill.
I think it is both, skills and luck. Moreover, the success of trading also depends on what you are going to trade. You should conduct research to know what is likely to bring you profit.
Getting good at technical analysis can be kind of tricky, but it isn't outside of the skills of most - and there are a lot of free resources.
A couple of good resources to get started:
Technical Analysis – https://www.investopedia.com/terms/t/technicalanalysis.asp
Dow Theory – https://www.investopedia.com/university/dowtheory/
Margin trading cryptocurrencies – https://www.investopedia.com/university/margin/
Beyond that, understand that news trumps analysis, so you've got to follow the news closely if you want to day trade.
Of course, this is a good place to follow the threads for the coins you are interested in, but you can also look at sites like this:
https://www.coindesk.com/
https://cointelegraph.com/
https://themerkle.com/
If you really want to go through individual tutorials they are available, too - although it is on his Patreon, most of CryptoBall's tutorials are free:
https://www.patreon.com/cryptoball
If you read through those you will have a great understanding of how to get started. Then you have to decide if you will do it manually or with bots...a separate (but worthwhile) discussion.
Thank you, that was helpful indeed.A couple of good resources to get started:
Technical Analysis – https://www.investopedia.com/terms/t/technicalanalysis.asp
Dow Theory – https://www.investopedia.com/university/dowtheory/
Margin trading cryptocurrencies – https://www.investopedia.com/university/margin/
Beyond that, understand that news trumps analysis, so you've got to follow the news closely if you want to day trade.
Of course, this is a good place to follow the threads for the coins you are interested in, but you can also look at sites like this:
https://www.coindesk.com/
https://cointelegraph.com/
https://themerkle.com/
If you really want to go through individual tutorials they are available, too - although it is on his Patreon, most of CryptoBall's tutorials are free:
https://www.patreon.com/cryptoball
If you read through those you will have a great understanding of how to get started. Then you have to decide if you will do it manually or with bots...a separate (but worthwhile) discussion.
TA is important, not always true but useful.
Lucky is not working for day trade, you can't get a lucky everyday
I think that day trade is a skill, need a skill for day trade to get a profit and knowledge of the crypto market.
I think that day trade is a skill, need a skill for day trade to get a profit and knowledge of the crypto market.
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. 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?
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