Topic: Day trade is more a lucky thing or skill - page 40. (Read 2938 times)
I only buy or sell when all signal is ready and setting stoplot and take profit
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?
If you do not have any skill at all, you will be better off not trying it. Yes, you will have to deal with luck once in a while since the market is extremely volatile, but at the same time, you will also have to consider the option of knowing what you are doing and without that, you are going to be losing badly.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?
There are tools available for daytraders to do their activities in most effective manner but it comes with a lot of dedication and gradual building of experience after learning how to stay safe doing it. In the process of trading and profiting, most people do miss securing their capital and then finding themselves unable to shone in trading. First we must secure our capital then we will get chances to make big profits.
a very complex analysis will produce a systematic mathematics, it includes about 20% of the luck in it because we also see the global volume reaction and we can not determine it ourselves, but it is not an important part because all can be detected thoroughly by personal calculations, day trade more strong against complex analysis, so the mind of a trader is not dominant in abstract luck patterns and random selections.
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 don't agree that it could have been about luck... I have a gunbot and it uses mathematical and analytical algos to execute trades. It also watches the market 24/7 that's why he has the most perfect buy and sell timing... Piece of advice, if you can't be as dedicated as gunbot - then you better HODL long term, buy on dips and sell on hype... good luck.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'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 don't agree that it could have been about luck... I have a gunbot and it uses mathematical and analytical algos to execute trades. It also watches the market 24/7 that's why he has the most perfect buy and sell timing... Piece of advice, if you can't be as dedicated as gunbot - then you better HODL long term, buy on dips and sell on hype... good luck. 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?
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.
Well, I don’t believe in this luck thing especially in trading. Either it is day trade or the long term holding, both are just luck free. This element doesn’t exist here rather it is only for the gambling. This doesn’t mean luck doesn’t matter here, it matters but so little that considered to be negligible. Because it is all about skill and efforts that you are making for catering better profit ratios. 
Both, so if you are skilled but unlucky then you will lose because the market cryptocurrency is volatile, and if you just rely on your luck would be a loss because I think luck does not often come to you, this is my personal opinion on day trading we prefer skills and expect good luck.
Unfortunately there's no such thing as luck. There is only a good and bad decision. The decision to buy when the price is high without knowing it will go bearish or selling when the price is low panicking and let his emotions get a better of his decisions. Then when he loses money blames luck. I think trading is only pure skills, that skill to be able to read price chart, candle sticks and be updated with the news.
If you have more skill and good psychology in trading so you can make prediction by 70% accurate and 30% does not. Day trading need not only understanding about technical analysis but also good psychology and enough patient. If you dont have it all, for the better doing swing trading that need less times and no need to spend much times in the front of the chart, just check the price action 10 to 20 minutes aday.
I would say that it takes more luck than skills to make huge profit from a day trade due to the volatility of the price. You can be watching the chart and seeing a high, but few seconds, an all time high turns out to be an all time low, but many people still take advantage of the price swing to make themselves a reasonable amount of money.
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.
Dedication is even an attribute you surely need to have if anyone is thinking of daytrading at all. However, luck is not the only thing one would need as this is not gambling. It is something that can be done well, and you will always require skills and knowledge to be able to day trade the market and get the best of 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.
A lot of people imagine is luck and they always end up losing so much. Daytrading need some quick level of thinking and making decisions which is why a lot of noobs get emotional easily.
I think both of them good luck and good skills in trading because there are some time that even you a very good skilled trader and you already do this for how many years but if your not lucky enough in trading your just alwasy lose but even you dont have a good skills in trading if your in good luck you always win.
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 would say that both skills and luck if you want to become successful in day trading. During the time that I have started day trading for the first time, I was a bit scared if I am gonna lose. However, I just adopted Warren Buffett’s “buy low, sell high” strategy in which I did won the trade in short. It was fun at the first, but I cannot afford to lose after that.
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?
Trading is a great option to make an investment. As we know that trading can give us many opportunities to make a profit. I already have a lot of experience and indeed indirectly that luck will also affect, maybe around 30 percent. But believe that data and graphics will determine what we get. Trading with focus and also good concentration will help us to achieve good results. Most likely trading is determined by our skill in predicting price movements.
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?
Its both Skill and Luckyness on your chosen pair to trade.
Trading by using technical analysis will increase your profitability however it is not always a winning trade. You must know when to exit a trade when the price action goes against you. If you are lucky and entered on a crypto that is about to get pumped then your profit percentage will insanely increase.
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. ~snip~
My friend told me that is just about how lucky you are, and not a skill.
I dont agree with your friend's opinion. for me personally, to get maximal results in trading, at least I need the skills to read price charts, and I also have to have emotional stability, because every decision that will be taken in the trade is always faced with risk. the more risky is the panic when selling and buying. So in conclusion, you must have basic skills in trading to maximize the results you will get. My friend told me that is just about how lucky you are, and not a skill.
Earning on a daily trade is more skill than lucky thing because on daily trade, you will not sell you coin on a loss. So you are using your skill on trading, the one lucky thing is the long term trade where you are aiming a high price in the future, if that become true then you were really lucky.
I don't agree with you my friend, so what happen if the coin that you're buying in your daily trade in the loss all day ? After they day you have to sum up the result of your trade right ? I think daily trade need both skills and lucks also because you actually can't do anything without your lucks.
The only luck you need is to avoid extreme fast dumps that could end your entire balance 
Earning on a daily trade is more skill than lucky thing because on daily trade, you will not sell you coin on a loss. So you are using your skill on trading, the one lucky thing is the long term trade where you are aiming a high price in the future, if that become true then you were really lucky.
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