Topic: Day trade is more a lucky thing or skill - page 8. (Read 2912 times)
my experience playing trading, I do not pay attention to the charts, I put it on the bottom price of the market, after selling I plug in the price 2 times the lowest price. And all this worked, it just took time and patience.
Trading coins every day does require a good strategy, good patience, and of course skills if luck is a plus of a business.
Luck will indeed exist in every person in the trade and gain an unexpected advantage.
But we cannot rely on profit.
We must make every effort possible and implement a good strategy in trading coins so that the results are maximal.
Luck will indeed exist in every person in the trade and gain an unexpected advantage.
But we cannot rely on profit.
We must make every effort possible and implement a good strategy in trading coins so that the results are maximal.
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
I would say that it is 70% skill and 30% luck, because if you would be relying on your luck every time, we can say that you're a gambler not a trader, lol. It's not working 100% of cases.
Well some people have this such skill i can say also that this is just to be a lucky thing of course on how are lucky for being a gamble this is also on for being the day trader and most of the time lot of people try this but they fail we can say that they are also a trader but as what they have this skill and as gamble told to be as fortunate on for being 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?
With a constantly volatile market and very uncertain about the current time, I think that successful trading is very difficult, and you can lose a lot of money if the trading fails. Therefore, good luck factor is important, it will help you more confident in the transaction and can overcome the fear. You also need to analyze and give an accurate assessment of the market. 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 believe that trading day is very difficult, requires you to have a lot of techniques so you can not rely on luck to be able to win the deal. The market is fluctuating continuously so if you do not have experience then it will be very difficult to trade successfully. At this point I believe you should only trade bitcoin to be able to make a profit safely. Always analyze accurately and have a specific transaction plan. 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 more in skills and less on luck because if you say trading it's not for gamblers or it's not designed for gamblers.
I would say that it is 70% skill and 30% luck, because if you would be relying on your luck every time, we can say that you're a gambler not a trader, lol. It's not working 100% of cases.
Well some people have this such skill i can say also that this is just to be a lucky thing of course on how are lucky for being a gamble this is also on for being the day trader and most of the time lot of people try this but they fail we can say that they are also a trader but as what they have this skill and as gamble told to be as fortunate on for being lucky.
I would say that it is 70% skill and 30% luck, because if you would be relying on your luck every time, we can say that you're a gambler not a trader, lol. It's not working 100% of cases.
I agree, that you need luck for day trading, but also believe in technical analysis, and other methods of analysing coins. So maybe it is the combination of the 2.
Day trading comes with a good amount of risk and you must have the skill to be able to trade profitably. If you dont have the skills, you are bound to lose a lot of money.
Many people is still loosing there money in day trading even they have a good skils because day trading is not an easy job many people is earning a good amount of profit but also many people is loosing there money so i am sure that in day trade people should have a skills and off course have a luck.
Day trading is no doubt one of the most difficult job to do and that you need to have lot of skillset and a good amount of knowledge if you want to make some good earning while being in it. Luck also plays its part but there is no way that you can rely on luck entirely
I will say day trade needs the skill to do, we cannot earn the profit if we cannot analyze each coin and we can only buy the coins and then we need to hold for a long time. but sometimes, a luck factor is help day trade because we don't know which coins that can increase in that day even if we can analyze with good. usually, the coins get a nice pump in that day so we can make a profit but the other time, the coin has a good movement in the market because people doing buy and sell the coins so the price can get up and down in daily.
Playing is a nice wording. 
If you do not have the skills, and effort... Day trading is not recommended for everybody IMO.
If you do not have the skills, and effort... Day trading is not recommended for everybody IMO. 
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?
Day trade is a better option. But along with the better promise of a possible return comes a bigger task. Actually, it is a mixture of luck and skills but skills should not be placed secondary to mere luck. There is a lucky factor involved but it only follows a brilliant technical and fundamental analyses. It cannot just be pure luck, or else you are only like playing or gambling.
I think it is a bit of both skill and good fortune.I have seen the best hands in the market lose a trade even when everything were rightly set.We cannot be 100 percent certain things will go as planned.That is where luck comes to play.
Of course it is all about the hard work and the skill game. There is no luck. It is just that probability rule or theory of lives that makes you work less hard. Experience matters the most in trading. You would need to know good trading platforms and must have the market information and the basic knowledge about the technology of course. But it is not a die hard rule that you earn every day. This is entirely a matter of how you do the right thing in trading in the right time and get some percent of money.
With lack of time, do not even think about day trading. You can spend a whole day analysing charts, coins, and still make bad decisions. Not an easy thing.
Doing the same thing a whole day isn't that good either. It makes you get bored really quick for spending a whole day just for learning and analyzing the charts and also it's unhealthy to do (it may affect your social life as well), so never thinking to do that ever.
I think that day trading has nothing to do with luck, if you are depending on luck for day trading then you either are a very bad day trader or you will not make it for long in the day trading sector. Because this is crypto market luck give profit once or twice but when you get in wrong trade you will loose all. So better to learn get experience and after that work on day trading.
It's mostly based on your skills and there is a little bit of luck in my opinion. I have traded nearly 1 year, and sometimes I saw that we need a bit of luck 
But I think the most important part is your trading skills. You have to know where is the market now, what should you do, what coin you choose, or when you hold or trade... All that things you have to study and practice in at least several months to get familiar with cryptocurrency world.
On the other hand, some necessary skills like capital management, news catch-up,... you have to learn. Good luck with your trading and do not based on luck
But I think the most important part is your trading skills. You have to know where is the market now, what should you do, what coin you choose, or when you hold or trade... All that things you have to study and practice in at least several months to get familiar with cryptocurrency world. On the other hand, some necessary skills like capital management, news catch-up,... you have to learn. Good luck with your trading and do not based on luck
With lack of time, do not even think about day trading. You can spend a whole day analysing charts, coins, and still make bad decisions. Not an easy thing.
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