Now that luck is no longer able to generate income for you anymore, we invest in the Crypto market based primarily on existing experience to be able to predict the development trend of the coin. So be the best trader you can.
Right there is no doubt that using crypto currency we cannot rely on our luck only, we will have to use our mind, our knowledge and the most important that we will have to use our skills, trading gives us profit but it takes time and I think day trading really needs skills not only luck, and according to me if we talk honestly then for day trading luck works as salt in the floor, but the whole other profit will be dependent on your skills and your knowledge.
Topic: Day trade is more a lucky thing or skill - page 39. (Read 2938 times)
Mostly is because of the skill to read chart and handle the news regarding the cryptomarket.As a daytrader,you must keep open your eyes to see where is the flow going.Luck is the part when you can gain profit before a big crash that no one can predict to happen.
I will never say that you can make a good earning and that too at time when you are busy in day trading by simply relying on your luck because luck is not the only thing which can help you earn money in day trading. There are so many other things as well which you need to learn like that of technical knowledge and awareness regarding the things and chart analysis and many others. You need to work on that too to make some positive results. 
You feel you have extraordinary skill and know the whole market deeply you can do day trade successfully.Some time luck works you invest and suddenly market go up but mainly skills needed which will help forever.
that is not really true , that is just the case for the average person ( including me) . there are some guys who make a living day-trading in the stock market , the same skills are applicable here. it just takes a very smart and skilled person to do it , it isn't as easy as simply buying red and selling green.
It's a mixture of both. But mostly patience. If you're not patient you'll more than likely lose more than you make!
Right.Day trading demands luck and skill and even patience.So if you think you are not so sure with it,just stick to holding.You will not be pressured because you only have to make sure that the price had surpassed your capital and then sell it.Take risks if its really needed,because you still have other options to still make profit. 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.
Yah I feel the same thing. Day trade is like a 24/7 job. You have to keep track from time to time to do proper actions on different condition and be updated. However, there are advantage and disadvantage on being on track always so it is very important to have patience and never get affected with your emotions. 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.
It's a mixture of both. But mostly patience. If you're not patient you'll more than likely lose more than you make!
you really are the skill .. according to the bible no lucky or bad luck. that's really up to you. so be confident to your self. thank you ..
I believe day trading needs both luck as well skills to make good earning. There are people who invested their hard earnings into low valued altcoins and profited big in a short time. Similarly there are users who has lost big through trading because of bad luck. Skills make the user predict the market variations, but luck decides how much to be earned.
That’s right, I can’t agree with you more. Both luck and skill are reallly necessary for us to do day trading. As you know that cryptomarket is notoriously volatile, You will never know exactly how much you can earn from market, sometime you can lose or earn suddenly which makes you feel surprised and probably you don’t believe in your situation anymore. But I am still prone to skill more than to luck. Because as you know when you do day trading you actually need to get knowledge and also analyzing the market and so on. You will never reap fruits if you keep staying to wait the luck come to you. 
I tried and disappointed. You're just a pawn in someone's game, it's not much depends on you. It is better to buy reliable coins for a couple of years.
Skills and your own experience are important. Luckily - it is only part of the commercial issue in the crypto market. Trading with charts and tools is always effective. Analytics have to help u alot too.
It is both of them when you are doing a day trade you would study the market or at least the coin that you would invest in.
So for me it is skill and luck sometimes you would be lucky sometimes you wouldn't.
So for me it is skill and luck sometimes you would be lucky sometimes you wouldn't.
Day trading is more of skills and less of luck. It is better to learn and know the strategies involved in it so as to reduce losses.
the most important thing is to know the theory and act in practice. Then you yourself can already navigate the market and minimize their own losses. Each trader has his own strategy. To study someone else's does not make sense.
Day trading is more of skills and less of luck. It is better to learn and know the strategies involved in it so as to reduce losses.
I only buy or sell when all signal is ready and setting stoplot and take profit
That may be a good option for both day trading and long term trading. Cashing out profits is as important as getting into the market during the dip.
actually daily trading in my opinion too have a very high risk because if you apply daily trading you should be able to read the situation and condition of the existing graph so you can know what coin is suitable for the buy.
You have no idea what day trading is. It is the buying and selling of coins during every small dump and pump respectively and cashing that out. Of course people have their own methods to do this. But it is cumbersome and very demanding. Now many people do it and its profitable as well for those who can.
Still looking at the graph and then making decisions - thats basic in trading.
With crypto, it does not need much skills and experience. You can easily make 5-10% in a day if you pick the right coins.
Well, even if you pick the right coins, doing things wrong will always affect you at the end of the day. It is not about picking the right coin; it is by knowing what to do exactly, considering the nature of the market and if you cannot do it right, you will always end up losing eventually. Trading needs huge level of knowledge, either day trading, short term or long term, and as long as that is not there, such a person will only end up more like a gambler.I believe day trading needs both luck as well skills to make good earning.
I guess that you have confirmed day trading is nothing but gambling. When you are considering luck is the deciding factor then I am sure you are considering day trading as a modified version of gambling.Skills make the user predict the market variations, but luck decides how much to be earned.
Due to high volatile nature of market within a day, most traders do fail to predict the end points of trends. That is the reason they do wait more or they do book profits so earlier. In both the case, I must agree our luck is the deciding factor which may be playing similar role of what it will do while we are gambling.
I'd be very wary of a youtuber telling you how to day trade and make lots of profit. The cyrpto market does not follow the same charts and rules as the stockmarket. It can be influenced too easily by big players with their own agenda. I agree with some of the posts here that there is skill needed and would apply more to BTC market than the altcoins. The higher the volume the more the market will behave (this is why stocks/shares follow chart theory better)
I'd be scared of losing it all as a day trader in crypto. maybe give it a try with a smaller percentage of your holdings first and see how you go.
I'd be scared of losing it all as a day trader in crypto. maybe give it a try with a smaller percentage of your holdings first and see how you go.
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?
I don’t agree with your friend regarding day trading is all about being lucky. People who believe in this are only bitter when their trade turns to sour and they will make a scapegoat of being unlucky to their trade but in reality they are lacking in skills and experience.
Instead of believing to this theory, I would suggest that trade at your own risk. Never engage in things that you are not aware off. Study hard and take risk if necessary, there are no perfect trade only good trades.
I believe day trading needs both luck as well skills to make good earning. There are people who invested their hard earnings into low valued altcoins and profited big in a short time. Similarly there are users who has lost big through trading because of bad luck. Skills make the user predict the market variations, but luck decides how much to be earned.
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?
actually daily trading in my opinion too have a very high risk because if you apply daily trading you should be able to read the situation and condition of the existing graph so you can know what coin is suitable for the buy.
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