Day trade is more a lucky thing or skill - page 45.

tonyja2017

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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?

Investing in Crypto is often based on luck rather than skill. Because the cost of all the altcoins depends on the fluctuation of the bitcoin.
So when the market goes down, we can easily predict the market will go up in a few days. Buying low and selling high is a strategy that is highly valued in this market.

Ahed.s

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for me , Trading is more likely to be skill ( Knowledge , and experience ) than luck. luck for sure is important in trading but when you study the market you would make sure to not take an emotional steps , you would take strong studied steps

tanghere02

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In my opinion day trading takes a lot of risk, time and patience to be good at it. I tried my best before doing day trading without any knowledge or does not even know what I was doing back then but I felt like I need to day trade because it could make me profit more than just hodling my coins. But I end up regretting what I did and now preferred long term than doing day trade. I basically think it is more of a skill than being lucky due to experience and knowledge of course.

avikz

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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, day trade is 80% skill and 20% luck. People who blindly trade based on their intuition without applying any particular strategy, are among the loosers. They are such kind of people who scream most after they loose a trade. As you are saying that youtubers use a lot of charts for their trading, there's a significance to it and that is the reason why they use it. It is not a rocket science and anyone can learn it. So if you are too lazy for these kind of stuffs, it better for your to HODL. But if you really want to become a trader, take the pain to learn the tricks and strategies. I am not saying that you will win in every trade after learning the strategies, but at least you can limit your losses and recover it afterwards.

Pursuer

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Where is my ring of blades...

it mainly depends on what you are trading!
if it is stocks, Forex,... other big markets then day trading is something like 99% skill and 1% luck. and you can only be successful in it if you have the skill.

but if you are talking about bitcoin then it becomes a little different because bitcoin is still a small market and it is subjected to some unexpected fluctuations. so it is something like 90% skill and 5% luck and maybe 5% timing.

and if you are talking about altcoins then everything goes out of the window because not only they are small but also very manipulated. so it is more like 10% skills 10% luck and 80% familiarity with the market and how manipulation (aka pump and dump) works.

befriendmywater

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Quote from: RMGY on April 19, 2018, 05:47:04 AM

Sure it is a SKILL.If you want to make a whopping 100% profit,HODL until we reach 100%-150%, but it seems we need to emphasize stronger how important it is that everybody HODL until we reach our goal.

It is extraordinary to get a profit of 100-150% a day. With a large amount of capital, that would be impossible. Investment is a job that requires patience and analytical intelligence. To be rich by investing is time consuming. We should not be too eager to invest, it will not bring good results.

pinkpanther03

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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?

If you are a kind of Traders who is more on depend on luck it will never happen to you to become reach on trading aspects here. If you do Trade as a skill, meaning you will learn everything from reading the graph so well then you have a chance to earn here anytime you want.

RMGY

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Sure it is a SKILL.If you want to make a whopping 100% profit,HODL until we reach 100%-150%, but it seems we need to emphasize stronger how important it is that everybody HODL until we reach our goal.

LooBaao

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Today we want to earn income on the market Crypto not only rely on luck, luck does not come to us like a few years ago. Nowadays, altcoin prices are rising abnormally, requiring you to have an in-depth knowledge of the Crypto market. So I hope to earn income on the market Crypto.

taiwww

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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 wouldn't say just the luck alone can play the role and you do need skills to trade effectively. I am not even saying that you need far better skill set to perform the operations. I mean any average person with techs to know how to do it can do it effectively. You just need to know basic things like, when to buy, how to buy, and how much to buy. These are basic questions which one should know answer to while trading and they can turn out to be lucky one with that. If you re not sure about what you are doing in the trading, then just stick to the holding as it is far safer and needs neither the luck nor the skills.

Genovese

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It is all about cool blooded skill. If you can read the charts properly and you can avoid being affected by emotions, you can do well. Of course, luck can always help.

jagdeepjd

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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?

Day trading is very stressful and it definutely involves lot of skill with fair amount of luck too. You can't trade perfectly only on the basis of luck. If you have Sound TA knowledge then your chances of hitting a profit trade is high.
If you dont know TA then learn it first otherwise you gonna get burn.

Mpamaegbu

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Once a man, twice a child!

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.

That's what makes the difference between you and the successful trading YouTubers - time.

Time, study and decision are three precise ingredients to success whichever way we want to look at it. It takes hours of grilling to fine-tune a trading strategy and that isn't easy to come by. Trading success isn't a luck thing. Rather it depends on skills. So, kid go study and show yourself approved unto the trading world.

Quote from: ?? on ??

Blockchain is a technology....!
Nd technology doesn't depends on luck factor.... Undecided

If you have skills nd if you understand how it works, you would love to work on it nd gradually would be a billionaire............. Grin

And to what dishonour do we owe this spamming post of yours?

chandrarahmadewa

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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?

The price of bitcoin fluctuates when viewed from the graph. The absence of any entity that controls the rate of Bitcoin.
Bitcoin prices are determined by everyone who has Bitcoin (regardless of amount).

If you have Bitcoin right now, you're one of those people who determine the price of Bitcoin. If you suddenly sell all of your Bitcoin, then the price will move down (as the offer increases). So also if you suddenly want to buy a lot of Bitcoin, you have contributed to the amount of demand Bitcoin so that the price will move up.
Therefore bitcoin prices also differ in each crypto market.

brainryan

newbie

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Skill and experience are important. Luckily - it is only part of the commercial issue in the crypto market. Trading with charts and tools is always effective. Or at least you have analytical skills. It will reduce the risk and loss rate for you.

surfinonmyownwavebaby

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Decentralized Ecosystem for User-Generated Content

It looks like luck to the outsider but it takes a ton of skill to day trade effectively. Not only do you have to have bankroll, discipline, emotional control, time management, understanding markets, and many other skills. You have to be smart enough to know how to chart and how to decipher that information from those same charts. Not a easy task and that is why less traders are day traders, it is absurdly hard thing to do.

MakeMoneyBtc

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First of all almost all you tubers do their videos just to promote some websites so that later they can earn commissions. I am not saying all of them but the majority.
From my opinion the biggest part of day trade is about skill. You have to know which coins to choose and the right time to trade them. Of course luck is also a big part of day trading but you cannot make profit forever just with luck and eventually you will start losing money if you are fixed only on being lucky.
Holding and trading are different. There are different strategies for both of them same as the profit. I am unable to tell you what to choose it is more about what you choose to be. Do you want to spend a few hours everyday for trading and are you willing to follow a sleeping program so that you can buy/sell at the right time? Or do you want to spend a few hours to choose your coins then hold them to get your profit? It is your choice

vandako

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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.

batang_bitcoin

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Day trading is like a combination of pure skill and luck.

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.

Who are these youtubers who are posting their signals?

Quote from: brawdias on April 18, 2018, 01:17:12 PM

My friend told me that is just about how lucky you are, and not a skill.

It requires analysis and it's not just an intelligent guess or being lucky.

Quote from: brawdias on April 18, 2018, 01:17:12 PM

So, should I stick with holding or playing day trade is a better option?

If you are unsure about day trading, don't take the risk if you are not willing. I do day trades if I want to but mostly I'm focused with holding.

LFC_Bitcoin

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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.

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