Is trading just educated guessing? - page 47.

bamboylee

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Quote from: Malsetid on April 26, 2017, 07:46:46 AM

When you say guessing, basically you have you're not basing anything on facts and is not really prepared. Trading requires a lot of studying, observation and analyzing. Of course you won't have an idea if your trades would hit the mark but that is not simply guessing as you are not blindly selecting which coins to purchase or not. Its far more than guessing imo

Guessing means you are not sure with your answer which is true in trading because you will never get 100% right. Trading is educated guess because you have applied every thing that can be done to put your answer to the nearest possible outcome.

Malsetid

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When you say guessing, basically you have you're not basing anything on facts and is not really prepared. Trading requires a lot of studying, observation and analyzing. Of course you won't have an idea if your trades would hit the mark but that is not simply guessing as you are not blindly selecting which coins to purchase or not. Its far more than guessing imo

dwieyani

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It must surely have the foundation of the basic stage that will gain knowledge and will get the results that have been achieved

hajimasan

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Quote from: dannon on February 23, 2017, 06:12:58 PM

Can you really be sure you will profit unless you have insider info?

In the profitable trading you don't need only a particular thing , you need many things .
1)You need a better performance laptop with better speed internet connection .
2) Stretagy to buy sell in advance .
3) Prediction idea for the increase in the price or down ( which increase with your time spent in the trading field)
4) Knowledge of the particular altcoin , the fluctuation of the price in the range and limit ( mine is Pak coin )
If you will get main main ideas for the trading then Ofcourse you can make trading for long term as well as for day trading you can make big profit .
But beside of these things you also need to be postive and take patience to increase the price of the bitcoin .

fathur.aza

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If told to guess who is right, it is for me not have its connection because you already know about it ??

thend1949

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Yeah i think so its an educated guessing since you are guessing a fortune of a thing or a coin in terms of price,without reliable source of info you need to guess with knowledge ofcourse and estimate if you will profit on it.

tukywez

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Trading is not just for educated guessing but its more of thinking and analyzing the outcome of what you have observed, and most important is you learned well on what you experience whether bad or good in trading. Trading does really require time for you to able to make profits on it.

Kolder

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Quote from: Sled on April 25, 2017, 11:53:24 PM

Quote from: mjuliz on April 25, 2017, 11:16:38 PM

No! being a good and professional traders were not doing trade just guessing only, that's not the true meaning of a trader, instead we are doing trade base on the motion value of the coins and market of the coins if it is going to increase or not.

You can read to the title of the threat that says "is trading just educated guessing", you can see that the OP combine the two words which is educated and guessing, it means that trading requires education and guessing which is true because if you just study and you don't have prediction or vision for the next prices then you will not be a good trader. A good trader study and guess at the same time and because of education his predictions have a lot of potential to be true in terms of price movement.

you have a point out there, Studying is not sufficient in able to become successful on trading, It really requires a good prediction skills about visioning what will gonna happened in the future days right after you bought a certain currency.

emezh10

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No, For me trading is need a lot of knowledge because the trading is not all about guessing you should analyze and use your critical thinking because trading is a gambling when you are blind trading it means you're just guessing when you are trading so for me you need to have a knowledge in trading to gain a profit.

Sled

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Quote from: mjuliz on April 25, 2017, 11:16:38 PM

No! being a good and professional traders were not doing trade just guessing only, that's not the true meaning of a trader, instead we are doing trade base on the motion value of the coins and market of the coins if it is going to increase or not.

You can read to the title of the threat that says "is trading just educated guessing", you can see that the OP combine the two words which is educated and guessing, it means that trading requires education and guessing which is true because if you just study and you don't have prediction or vision for the next prices then you will not be a good trader. A good trader study and guess at the same time and because of education his predictions have a lot of potential to be true in terms of price movement.

mjuliz

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No! being a good and professional traders were not doing trade just guessing only, that's not the true meaning of a trader, instead we are doing trade base on the motion value of the coins and market of the coins if it is going to increase or not.

Apened

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Quote from: dannon on February 23, 2017, 06:12:58 PM

Can you really be sure you will profit unless you have insider info?

No ,there is no sure profit in guessing .Trading needs a reseaech before you guess or predict tge price that i would be hit.
Its not also a insider info because trading was a moving market which traders make its price so .inseider informations will depends how your research goes on.

ronaldo40

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I am sure will profit, because I've been getting a lot of profit in trading. I usually focus more on information and projects, if I'm sure. I can get a profit. If it guesses wrong, trading it was long-term, so will profit.

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Quote from: Renji Abarai on April 24, 2017, 06:45:57 PM

Educated guessing? Maybe since you have a data to study and make a decisions. Datya are open out there and anyone can forecasts bases on the history of each financial instrument,company or coin. In this regard, at least risk is minimized in trading unlike in gambling, its really a luck in my opinion.

sometimes it is really feel like that isn't it?
in the end the goal of trading is about guessing the final price and take it as a profit ,
a little bit difference only compared to the real gambling Roll Eyes

.

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Quote from: Tyrantt on February 23, 2017, 09:05:06 PM

Quote from: dannon on February 23, 2017, 06:12:58 PM

Can you really be sure you will profit unless you have insider info?

Not at all. Trading with bitcoin requires you to follow the price flow, current events that might change the price and also a little luck.

But simply, all of this information is just making the guess / choice you're making more educated here it's not like you're going to be able to have better luck on the workings of technical analysis it's still going to be the same guess that someone could have if they were just monitoring the coins news itself / bitcoin in this case.

Trading and Gambling are close in nature when you think about it, the two of them attempt to get people to take guesses to see if they can make some money off of this The only difference between the two is that in trading you can minimize the chance of loss of funds though.

But I'd still says it educated guessing, as ANYTHING could happen in the market and you'd never know what the fuck just happend if you're not one of those whales that could pull some crazy stuff off by themselves.

bravehearth0319

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Quote from: dannon on February 23, 2017, 06:12:58 PM

Can you really be sure you will profit unless you have insider info?

Trading is not teaching us to become a fortune teller or a psychic one. Due to we as a traders we just take action as the monitor react which I mean the motion of the coin value. We focus ourselves to the price value of the coin so that we know if we are going to sell or buy the coins we had for us to obtain profit in the exchange platform.

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Quote from: Wandering Soul~ on April 24, 2017, 05:27:30 PM

I would like OP to define what he meant with educated guessing? Because educated means informed, well read, learned while guessing is predicting something without sufficient information . Since OP combined them what would be the meaning of this? Did he mean that speculating something supported by various information? If yes, then that's what you do in trading, what most traders do . Op also asked if insider info is necessary to profit, The answer for that is NO although it can help your speculation

Personally, I don't see any conflict in this idea

Trading for the most part is guessing any way you look at it. It is not like the law of gravity where you can calculate precisely how fast you will fall from the roof and with what force you will hit the ground. Educated here refers to making assumptions based on real facts like current price trends, market sentiment, decisions taken by the authorities in respect to Bitcoin and similar things. In this manner, it is opposed to random trading when you are basially just gambling and don't base your trading decisions on anything but your inner impulses and instincts (though these can be worth many educated guesses if you are an experienced and successful trader)

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Quote from: rajasumi3 on April 23, 2017, 11:26:49 PM

It is not totally about education,it needs a lot practice and you have to be constantly looking at the price of bitcoins if you want to be successful trader. it needs advice from the people who are successful in trading and practice makes it a perfect.

First we need the education and information of the coins we want to invest and trade, see their past their past trading history, check their volume at coin market cap, and check the markets it is listed at. All these checks and things will be easy for you once you practice them

ekans45

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Certainly not, it develops your analysis, crtical thinking, and patience. Therese characteristics are being practised in trading which can be enhanced.

Sled

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Quote from: Wandering Soul~ on April 24, 2017, 05:27:30 PM

I would like OP to define what he meant with educated guessing? Because educated means informed, well read, learned while guessing is predicting something without sufficient information . Since OP combined them what would be the meaning of this? Did he mean that speculating something supported by various information? If yes, then that's what you do in trading, what most traders do . Op also asked if insider info is necessary to profit, The answer for that is NO although it can help your speculation .

The OP is trying to tell us that trading is combination of education and guessing which i agree because it is true that we need to study how trading works and what are the things we need to remember in trading which is part of education and also guessing because you can't just do trading without education and speculation for the price which is also guessing.

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