It's a luck thing, you may stay lucky for a pretty long time but you're not going to be able to keep up the streak forever. Day trading with this type of volatility is going to be tough, sometimes it could be good to you and sometimes it would be catastrophic if the market goes the other way. I wouldn't do it.
Come here for the long haul and you'll probably do the best. If past performance works out then you'll really do amazing.
Topic: Day trade is more a lucky thing or skill - page 41. (Read 2938 times)
I think it is both but more of you create your luck the more you are skillful. Ya hear me? There are times we need not make assumptions of some sorts by choosing among the options given us when we can ideally get all of them to be more lucky. Hence, I beg to disagree with all those who chose only one from the two options because rationally speaking, luck is what you make it. Be skillful for you to be lucky.
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?
It's definitely a skill that needs to be learned but there is definitely a portion of unpredictability that is involved. The skills needed for day trading are the ability to predict the lows and the highs throughout the day and to be patient when things do not go your way. With that being said, that luck aspect does come in because prices can move in a completely unpredictable direction that could leave you stuck in a bad position.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 trading, you must have these characteristics, firstly Analysis to determine which prefer you can earn more profit, second is skills and strategies, these are applicable for those people willing to play the chart of value. The last one is self-control and emotion, mostly the side effect of this is panic selling.
My friend told me that is just about how lucky you are, and not a skill.
I doubt your friend is educated about trading. Any type of trading is essentially requiring a skill and mostly experience. Both thing really help us in the trade.So, should I stick with holding or playing day trade is a better option?
If you are still confused about which trading strategy that suit you the best, follow this simple steps. Make a two exchanges account. Then Use the first account to trade for long-term, and the second account for day-trading. And in the end, you will able to compare which method is the most profitable and suits you the best. 
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?
It's definitely a skill that needs to be learned but there is definitely a portion of unpredictability that is involved. The skills needed for day trading are the ability to predict the lows and the highs throughout the day and to be patient when things do not go your way. With that being said, that luck aspect does come in because prices can move in a completely unpredictable direction that could leave you stuck in a bad position.
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 succesful day trading are just luck and not for skill as what your friends said. For me day trading need analytical skill so you may know when is the right time to bought the coins and when to sold it is not purely 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?
Yeah and you have to know which coins you're going to trade with. Day trading probably requires experience first and knowledge about which coins movement can be easier to predict. Luck is a part of it but experience has a heavier effect when you day trade
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 succesful day trading are just luck and not for skill as what your friends said. For me day trading need analytical skill so you may know when is the right time to bought the coins and when to sold it is not purely 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?
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.
Day trading is not good for nerves, but it is profitable and more secure if you know what are you doing.
I prefer something like "week trading", I buy some coins and wait a week for profits with stop-loss.
I wish to have day trading skills but I don't
I prefer something like "week trading", I buy some coins and wait a week for profits with stop-loss.
I wish to have day trading skills but I don't
In my opinion, the effectiveness of day-to-day transactions depends a great deal on analytical skills, judgment, and experience. Sometimes, luck is just a part, it is always present in any type of business. . But it does not guarantee success and efficiency for day trading.
Some crypto are always increasing or decreasing. Though I dont have that much experience in day trading I think the basis is that day traders would buy different types of altcoins and look to sell them as soon as possible on the smallest pump. If they have any insider news then they will take advantage of that but the timing is crucial. Being one minute late there can cost you a lifetime which is why its risky. More of luck-dependent.
Greater analytical skills would be needed in long term trading. The ability to analyze the market and understand the risk in long term.
Day traiding have more profite but you must have much time to analyze dan read the news to support you when you make decide. Crypto price is so vollatile, day trading can make you stuck when they down. For me, day trading is so risk and need more time to work.
In my opinion, the effectiveness of day-to-day transactions depends a great deal on analytical skills, judgment, and experience. Sometimes, luck is just a part, it is always present in any type of business. . But it does not guarantee success and efficiency for day trading.
Day trade really hard to do it because we should know how much percentace in aday the price will change, to make profit from it will be just from combination of lucky and skill. So important to divide the money in to day trading and also swing trading, so we dont miss big profit when big pump coming.
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.
A bit of both but if you’re not a whale you can’t control the market so it’s inevitable you’re going to make wrong calls. My advice is just to HODL until after the nexr halving, the price SHOULD be significantly higher then.
Whales are market makers and they are far from the main day traders. Day traders look for pattern in the market in that short period and try to trade to the reaction at that period in time. Whales usually making market movements and within those movements day traders make their trades.As far as I am concerned, even if there is luck at all, it is just a little bit like you have said, but the rest is based on skills and knowledge of the trader as you have to be focused on the monitor and always know what to expect at certain point in time which anyone obviously will not be able to do without skills.
Skill is the main factor needed in trading,the skills may give you the profits once or twice but if you want to be a successful trader then you need to have the skill,knowledge,strategies and all other things importantly decision making skill is needed.
But day trading is more riskier than other kind of trading because of coin's price swing a trader may face losses in terms of USD if the price falls.
But day trading is more riskier than other kind of trading because of coin's price swing a trader may face losses in terms of USD if the price falls.
I dont believe its a skill, for a couple of months investing in cryptocoin using chart, the result doesnt work, The flow of cryptocurrency are unpredictable, I strongly believe it is by luck:)
Of course you do not believe because you are not a trader. Everything takes effort, lucky it will only happen every few years. Charts will help you to make a decision, because a strong groundless decision is foolish. I am not a reliable trader, but with my knowledge of trading though a little that will always make me more relaxed in buying and selling decisions. Because mental will determine to get profit or lose.
I dont believe its a skill, for a couple of months investing in cryptocoin using chart, the result doesnt work, The flow of cryptocurrency are unpredictable, I strongly believe it is by luck:)
Of course you do not believe because you are not a trader. Everything takes effort, lucky it will only happen every few years. Charts will help you to make a decision, because a strong groundless decision is foolish. I am not a reliable trader, but with my knowledge of trading though a little will always make me more relaxed in buying and selling decisions.
Daily trading is very risky because it can make you will panic when the price goes down and also some of my friends say daily trading will interfere with your health because keep watching the market is bad hahha. I recommend playing longterm better it will produce something more 
According to statistics, those who hodl tokens earn much more than traders. Although there are different cases and situations in trading.
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