Day trade is more a lucky thing or skill - page 7.

TooDumbForBitcoin

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Quote from: cemburu on July 27, 2018, 11:47:30 PM

Actually between lucky and skill is a combination that can generate many advantages in Cryptocurrency.
It is impossible to rely on your luck to benefit a lot from the Cryptocurrency business.
All must be lived with the skills as well because it's a supporting element to have a good strategy in running Cryptocurrency business.

There are no successful day traders, that hope on luck. Only systematic trading with a smart money management system can get your chances on the market

xvacator

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Quote from: cemburu on July 27, 2018, 11:47:30 PM

Actually between lucky and skill is a combination that can generate many advantages in Cryptocurrency.
It is impossible to rely on your luck to benefit a lot from the Cryptocurrency business.
All must be lived with the skills as well because it's a supporting element to have a good strategy in running Cryptocurrency business.

yes, I agree with you. this is why that we still need to learn many things related to trading so we can still make a profit. with a good skill and we have a luck, I am sure that we can always get that profit especially if the market is on the green side. but this will not work if the market is making a correction price like what we see yesterday and today.

cemburu

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Actually between lucky and skill is a combination that can generate many advantages in Cryptocurrency.
It is impossible to rely on your luck to benefit a lot from the Cryptocurrency business.
All must be lived with the skills as well because it's a supporting element to have a good strategy in running Cryptocurrency business.

aliraza6663

newbie

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Every investor wants to make his/her fortune in stock markets. But, your dream will only come true depending on your own skills as well as luck. Your luck can help you to beat others in stock markets particularly for short term. However, in long term scenario, your skills will always outpace your luck depended performance

alibaba93

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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 believe that in order to be successful in trading you need a lot of skill, you can see that the market is fluctuating continuously and it is hard to guess, bitcoin prices are constantly adjusting and the current has continued. down to $ 7,800 and altcoin prices are falling very deep.

Therefore, with a market that is so volatile in order to be able to trade successfully, you need to analyze the technique accurately and always have a specific trading plan to be successful in trading.

noormcs5

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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 don't completely understand your point of view. Day trade can only be profitable if you have skills. Without skill and experience, Day trade can be a big loss because only experienced traders can understand it.

ansdb

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you really need to do what you love or what you're mastering more, if you master & love day trade do it if not Hodl

Koadharber

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Quote from: dark08 on July 24, 2018, 06:58:11 PM

Quote from: Muzika on July 17, 2018, 05:02:18 AM

day trading is more on skill although some sort of lucky things because if you have the skill but the market is not on your side then how would you able to trade successfully right so skill and luckiness are need to have a successful trading.

Yes I believe that you need a lot of experience & skill tobecome a day trader because it so risky a single wrong move can cause losing your capital but also you need some lucky to earn huge money and take note always take profit even it is small dont be greedy

Its not like gambling on where you can lose up all of your money on a single wrong move yet we do know that it would happen gradually not like on gambling where it would lose on a blink of an eye.
Getting greedy along the way is really hard to resist when you are already on a state where you are already profiting and you do still tend to proceed since you have been hyped up already and forgetting your usual disciplined routine and which this is really a mistake.

gorodi

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Quote from: bitcoinerjawa on July 25, 2018, 03:18:36 AM

I think daily trading requires a very special skill because if you just rely on luck it seems that you will not be able to do every day.

Yes, it is the skill. if you have enough experience in trading, you have more chances that you will get the profits. However, luck is also needed here.

Crypto_trader87

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Yes day trading is a combination together with best of luck and also a good skill and the most important of all is skill to avoid lose more money specialy when you are out of luck.

CryptoCoin8487

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I AM HAPPY TO BE A TRADER

Day trading requires luck and and most importantly is skill because if you dont have a good skills in day trading you may only lose your money so before you can start in day trading you have to learn and study more about trading.

TrollinU

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I think, that day trading need skills more that luck, cause you need to analyze and know a lot of information. Sometimes luck is very good thing, but you shouldn't to believe in this. I suppose, that you need to do long-term trading. I think, that market is started to grow and it's good chance to invest to make profits. I suppose, that good choice are ICOs. For example - ElonCity. This project looks perspective cause has good idea and good partner. This partner had four partnerships before and they were succesful so I think, that this will be too.

777Jolami

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Personally, my day-to-day transactions require skill, not just crypto knowledge but also extensive knowledge to make a profit in this market.

FerrisWheel

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Is both. Because we don't when luck play a role right?

But with a decent skill you can manage your own luck

racingboy

newbie

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As an intermediate trade(only months of experience in trading) I'd say
day trading strategy is pretty hard, since day trading requires skill in analyzing
the market.

bitcoinveda

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Not only we call day trading as lucky because it needs a lot of experience before making money, sometime we may feel lucky but we are to be very careful with the day trading, sometimes we may lose value with the sudden drops and sudden increases.

calya

sr. member

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trading actually need several capability and technique.we must hamshackle chart / technical and fundamental analisys.without this skill we could not understand price move.and difficult to us if we want to open trade, we could not determine the best place to buy.

panjay

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it's skill, more about managing risk with scalping or daytrade. You can still be getting profit if you manage your risk wisely.

bitcoinerjawa

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I think daily trading requires a very special skill because if you just rely on luck it seems that you will not be able to do every day.

gabmen

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Quote from: dark08 on July 24, 2018, 06:58:11 PM

Quote from: Muzika on July 17, 2018, 05:02:18 AM

day trading is more on skill although some sort of lucky things because if you have the skill but the market is not on your side then how would you able to trade successfully right so skill and luckiness are need to have a successful trading.

Yes I believe that you need a lot of experience & skill tobecome a day trader because it so risky a single wrong move can cause losing your capital but also you need some lucky to earn huge money and take note always take profit even it is small dont be greedy

Well luck applies to everything and it's not entirely up to you and your decisions. Skill on the other hand, comes from a lot of aspects including experience. Day trading is something that leans more on the latter.

Topic: Day trade is more a lucky thing or skill - page 7. (Read 2912 times)