Skills vs Luck *poll* - page 11. | Bitcointalksearch.org

Ryananda

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Quote from: X-ray on October 29, 2016, 06:18:57 AM

Quote from: contradiction on October 29, 2016, 05:45:04 AM

Quote from: intrader on July 02, 2016, 11:58:19 AM

When trading What Matters More Skills or Luck?

skill should be more efficient when it comes in trading. you should be skilled to know when to invest and when to not. buying bitcoins is just easy as buying a goods in a store. but selling it in a higher price takes time when you want to profit large amount. patience is a virtue. bitcoins can be earn when you wait.

no one can absolutely predict the future ,to know the right time to buy or sell as you stated above you need analyzation skill indeed,but analyzation could possibly miss and you will end up losing your funds,and if you have luckyness,you're not going to miss

Yes absolutely no one can predict exactly. But in trading expertise needed to predictions also saw the potential of rising and falling prices. That affect the success or failure was in the act of patience and luck. Maybe between skill and luck is needed in trade.

X-ray

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Quote from: contradiction on October 29, 2016, 05:45:04 AM

Quote from: intrader on July 02, 2016, 11:58:19 AM

When trading What Matters More Skills or Luck?

skill should be more efficient when it comes in trading. you should be skilled to know when to invest and when to not. buying bitcoins is just easy as buying a goods in a store. but selling it in a higher price takes time when you want to profit large amount. patience is a virtue. bitcoins can be earn when you wait.

no one can absolutely predict the future ,to know the right time to buy or sell as you stated above you need analyzation skill indeed,but analyzation could possibly miss and you will end up losing your funds,and if you have luckyness,you're not going to miss

contradiction

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Quote from: intrader on July 02, 2016, 11:58:19 AM

When trading What Matters More Skills or Luck?

skill should be more efficient when it comes in trading. you should be skilled to know when to invest and when to not. buying bitcoins is just easy as buying a goods in a store. but selling it in a higher price takes time when you want to profit large amount. patience is a virtue. bitcoins can be earn when you wait.

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Quote from: BitHodler on October 29, 2016, 05:30:57 AM

Quote from: deisik on October 29, 2016, 03:04:12 AM

Quote from: BitHodler on October 28, 2016, 05:06:35 PM

Quote from: jerowacik on October 27, 2016, 03:04:33 AM

the luck factor is much more important. because gambling entrust our fortunes. may be nearly 80% of gambling game requires you to be lucky. skill can not help in the game of gambling.

Gambling is just rubbish. Other than that, this thread is about which of these two (skills or luck) is a more important aspect when it comes to making profits with trading

It all depends on the type of the game. If it is dice than I absolutely agree, it is a sure way of losing money, given the house edge. But there are many games that require both luck and skill. For example, there have been (and still are) heated debates over whether poker is a game of luck or a game of skill (here's an interesting read). The inference is that poker becomes a game of skill (i.e. not luck) after around 1,500 hands...

In this aspect, trading seems to be like poker, that is, the more you play, the more skill dominates luck

I can agree that poker requires you to have a high skill level that you have been building up throughout the years that you use in your advantage to win games.

But if you compare playing poker directly to trading, then with poker (regardless of your skills) you depend much more on the luck aspect than is the case with trading.

As long as people don't agree on in what category they place poker in, people will constantly keep the debate alive where they agree and disagree with each other.

They would surely always debate because people have different views on certain things . There are thing that really needs pure most on skills and some it fully rely dependent on pure luck and it also depends on people experience. The debate would never end.

BitHodler

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Quote from: deisik on October 29, 2016, 03:04:12 AM

Quote from: BitHodler on October 28, 2016, 05:06:35 PM

Quote from: jerowacik on October 27, 2016, 03:04:33 AM

the luck factor is much more important. because gambling entrust our fortunes. may be nearly 80% of gambling game requires you to be lucky. skill can not help in the game of gambling.

Gambling is just rubbish. Other than that, this thread is about which of these two (skills or luck) is a more important aspect when it comes to making profits with trading

It all depends on the type of the game. If it is dice than I absolutely agree, it is a sure way of losing money, given the house edge. But there are many games that require both luck and skill. For example, there have been (and still are) heated debates over whether poker is a game of luck or a game of skill (here's an interesting read). The inference is that poker becomes a game of skill (i.e. not luck) after around 1,500 hands...

In this aspect, trading seems to be like poker, that is, the more you play, the more skill dominates luck

I can agree that poker requires you to have a high skill level that you have been building up throughout the years that you use in your advantage to win games.

But if you compare playing poker directly to trading, then with poker (regardless of your skills) you depend much more on the luck aspect than is the case with trading.

As long as people don't agree on in what category they place poker in, people will constantly keep the debate alive where they agree and disagree with each other.

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Quote from: BitHodler on October 28, 2016, 05:06:35 PM

Quote from: jerowacik on October 27, 2016, 03:04:33 AM

the luck factor is much more important. because gambling entrust our fortunes. may be nearly 80% of gambling game requires you to be lucky. skill can not help in the game of gambling.

Gambling is just rubbish. Other than that, this thread is about which of these two (skills or luck) is a more important aspect when it comes to making profits with trading

It all depends on the type of the game. If it is dice, then I absolutely agree. It is a dead-sure way of losing money, given the house edge. But there are many games that require both luck and skill. For example, there have been (and still are) a lot of heated debates over whether poker is a game of luck or a game of skill (this piece makes an interesting read on the matter). The inference is that poker becomes a game of skill (i.e. not luck) after around 1,500 hands...

In this aspect, trading seems to be very much like poker, that is, the more you play, the more skill dominates luck

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In trading skill and luck is needed to be successful in this job , If you dont have the skill but you have a luck you will only earn a low profit from your trade. And if you only have skill but with no luck you will be bankcrupt in trading . So for me trading need you to have luck and skill in order to success your trading coins

BitHodler

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Quote from: jerowacik on October 27, 2016, 03:04:33 AM

the luck factor is much more important. because gambling entrust our fortunes. may be nearly 80% of gambling game requires you to be lucky. skill can not help in the game of gambling.

Gambling is just rubbish. Other than that, this thread is about which of these two (skills or luck) is a more important aspect when it comes to making profits with trading.

And in that regard, nearly all people with a decent understanding of what trading is will answer you that skills and experience is what you need to become a successful trader.

Luck is an aspect that can bring you a better profit in the times you didn't expect it. But that's all you'll get from it.

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Quote from: jerowacik on October 27, 2016, 03:04:33 AM

the luck factor is much more important. because gambling entrust our fortunes. may be nearly 80% of gambling game requires you to be lucky. skill can not help in the game of gambling.

There are many games in which skill will be the determining factor of whether or not you win or you lose in a particular game, for example look at poker, luck is important, but the best players in the game keep on winning.

arseaboy

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Quote from: X-ray on October 28, 2016, 03:48:09 AM

Quote from: gabmen on October 27, 2016, 01:22:02 PM

Quote from: freedomgo on October 27, 2016, 07:41:16 AM

Quote from: X-ray on October 27, 2016, 06:57:52 AM

Quote from: jerowacik on October 27, 2016, 03:04:33 AM

the luck factor is much more important. because gambling entrust our fortunes. may be nearly 80% of gambling game requires you to be lucky. skill can not help in the game of gambling.

it's not about gambling,OP have asked about which factor (skill or luck ) is important on trading nor asking for a gambling,if it was about gambling then the answer is can be easily figured out because gambling is pure lucykness so the answer is luck,but trading is more complicated than that thing

He does comment but does not read the OP. Not strange for me, but I have to emphasize that even in gambling skills is more important that luck, and the more in trading because we have all the data to analyze so we will be able to study it for our success. Work hard and we shall make it.

yeah with trading it's more on analytical skill and timing than luck. no one can remove risks so in a way luck would still be a factor but very minimal. if someone has been trading for a long time, you'd have this gut feel already on when to buy, hold on to, and sell your coins.

i don't agree with this statement,analytical is indeed a skill and needed and don't you think that timing is also part of luck? if your timing were right then you will luckily make a profit instead of getting wrong timing and lose

Yes I agree that both are needed skills and luck.. and skills are needed most than luck because without your proper knowledge on trading and on what you're doing then everything could go wrong.

X-ray

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Quote from: gabmen on October 27, 2016, 01:22:02 PM

Quote from: freedomgo on October 27, 2016, 07:41:16 AM

Quote from: X-ray on October 27, 2016, 06:57:52 AM

Quote from: jerowacik on October 27, 2016, 03:04:33 AM

the luck factor is much more important. because gambling entrust our fortunes. may be nearly 80% of gambling game requires you to be lucky. skill can not help in the game of gambling.

it's not about gambling,OP have asked about which factor (skill or luck ) is important on trading nor asking for a gambling,if it was about gambling then the answer is can be easily figured out because gambling is pure lucykness so the answer is luck,but trading is more complicated than that thing

He does comment but does not read the OP. Not strange for me, but I have to emphasize that even in gambling skills is more important that luck, and the more in trading because we have all the data to analyze so we will be able to study it for our success. Work hard and we shall make it.

yeah with trading it's more on analytical skill and timing than luck. no one can remove risks so in a way luck would still be a factor but very minimal. if someone has been trading for a long time, you'd have this gut feel already on when to buy, hold on to, and sell your coins.

i don't agree with this statement,analytical is indeed a skill and needed and don't you think that timing is also part of luck? if your timing were right then you will luckily make a profit instead of getting wrong timing and lose

dunfida

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Quote from: mirakal on October 28, 2016, 02:56:20 AM

Quote from: Supercrypt on October 28, 2016, 01:35:37 AM

Quote from: Bitcoinsummoner on October 27, 2016, 01:53:41 PM

Well if bitcoin we are monitoring as a sample this is just like the same as last year that the price is going to increase like just now we are seeing the price increase and i think the price will increase more in this coming months.. so base and my experience for analyse the chart from old to new there is a little the same so i think skills and luck still both needed since we dont know what will happen in the future.. but i hoping that the price of bitcoin will increase more..

Yes, up to the point of finding out an entry level for our trading we must be needing skill. Once we entered into market, we do not have any other supporting thing other than luck factor to get us profits. We may use our knowledge to minimize / prevent the losses but for making profits the must be depending on our luck only after placed the orders.

We can only rely to ourselves in trading as we are investing on our skills to do it, without skills we will not succeed for sure as trading is a very unpredictable job and most of the traders who success does not achieve it in an easy way.

It will only be easy after all the hard work because we have learn a lot be good to make profit.

We should really have skills in terms of trading because as you mentioned too that trading is an unpredictable job and its not an easy one to predict prices on anytime and you would really need have good observation,analytic, decision skills in able to increase the chance of making successful trades but still it wont guarantee you to make winnings every time and its normal for a person to lose on trades but we could able to sustain it to have more positive ones.

mirakal

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Quote from: Supercrypt on October 28, 2016, 01:35:37 AM

Quote from: Bitcoinsummoner on October 27, 2016, 01:53:41 PM

Well if bitcoin we are monitoring as a sample this is just like the same as last year that the price is going to increase like just now we are seeing the price increase and i think the price will increase more in this coming months.. so base and my experience for analyse the chart from old to new there is a little the same so i think skills and luck still both needed since we dont know what will happen in the future.. but i hoping that the price of bitcoin will increase more..

Yes, up to the point of finding out an entry level for our trading we must be needing skill. Once we entered into market, we do not have any other supporting thing other than luck factor to get us profits. We may use our knowledge to minimize / prevent the losses but for making profits the must be depending on our luck only after placed the orders.

We can only rely to ourselves in trading as we are investing on our skills to do it, without skills we will not succeed for sure as trading is a very unpredictable job and most of the traders who success does not achieve it in an easy way.

It will only be easy after all the hard work because we have learn a lot be good to make profit.

Supercrypt

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Quote from: Bitcoinsummoner on October 27, 2016, 01:53:41 PM

Well if bitcoin we are monitoring as a sample this is just like the same as last year that the price is going to increase like just now we are seeing the price increase and i think the price will increase more in this coming months.. so base and my experience for analyse the chart from old to new there is a little the same so i think skills and luck still both needed since we dont know what will happen in the future.. but i hoping that the price of bitcoin will increase more..

Yes, up to the point of finding out an entry level for our trading we must be needing skill. Once we entered into market, we do not have any other supporting thing other than luck factor to get us profits. We may use our knowledge to minimize / prevent the losses but for making profits the must be depending on our luck only after placed the orders.

Bitcoinsummoner

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Quote from: gabmen on October 27, 2016, 01:22:02 PM

Quote from: freedomgo on October 27, 2016, 07:41:16 AM

Quote from: X-ray on October 27, 2016, 06:57:52 AM

Quote from: jerowacik on October 27, 2016, 03:04:33 AM

the luck factor is much more important. because gambling entrust our fortunes. may be nearly 80% of gambling game requires you to be lucky. skill can not help in the game of gambling.

it's not about gambling,OP have asked about which factor (skill or luck ) is important on trading nor asking for a gambling,if it was about gambling then the answer is can be easily figured out because gambling is pure lucykness so the answer is luck,but trading is more complicated than that thing

He does comment but does not read the OP. Not strange for me, but I have to emphasize that even in gambling skills is more important that luck, and the more in trading because we have all the data to analyze so we will be able to study it for our success. Work hard and we shall make it.

yeah with trading it's more on analytical skill and timing than luck. no one can remove risks so in a way luck would still be a factor but very minimal. if someone has been trading for a long time, you'd have this gut feel already on when to buy, hold on to, and sell your coins.

Well if bitcoin we are monitoring as a sample this is just like the same as last year that the price is going to increase like just now we are seeing the price increase and i think the price will increase more in this coming months.. so base and my experience for analyse the chart from old to new there is a little the same so i think skills and luck still both needed since we dont know what will happen in the future.. but i hoping that the price of bitcoin will increase more..

gabmen

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Quote from: freedomgo on October 27, 2016, 07:41:16 AM

Quote from: X-ray on October 27, 2016, 06:57:52 AM

Quote from: jerowacik on October 27, 2016, 03:04:33 AM

the luck factor is much more important. because gambling entrust our fortunes. may be nearly 80% of gambling game requires you to be lucky. skill can not help in the game of gambling.

it's not about gambling,OP have asked about which factor (skill or luck ) is important on trading nor asking for a gambling,if it was about gambling then the answer is can be easily figured out because gambling is pure lucykness so the answer is luck,but trading is more complicated than that thing

He does comment but does not read the OP. Not strange for me, but I have to emphasize that even in gambling skills is more important that luck, and the more in trading because we have all the data to analyze so we will be able to study it for our success. Work hard and we shall make it.

yeah with trading it's more on analytical skill and timing than luck. no one can remove risks so in a way luck would still be a factor but very minimal. if someone has been trading for a long time, you'd have this gut feel already on when to buy, hold on to, and sell your coins.

Victorycoin

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Quote from: Greenenergy on October 26, 2016, 11:28:51 AM

For me the luck factor is the most important. I could have made not a single pence if the Ethereum pump did not occured. And that's what I call luck.

That is one great luck for you, only you could not have made all the money you would ever need and you definitely would be needing to trade again and again. Unfortunate ETH don't get pumped everyday, so you are going to have to horn your skills to survive the market or helplessly hand all you have made or even more back to the market.

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Quote from: X-ray on October 27, 2016, 06:57:52 AM

Quote from: jerowacik on October 27, 2016, 03:04:33 AM

the luck factor is much more important. because gambling entrust our fortunes. may be nearly 80% of gambling game requires you to be lucky. skill can not help in the game of gambling.

it's not about gambling,OP have asked about which factor (skill or luck ) is important on trading nor asking for a gambling,if it was about gambling then the answer is can be easily figured out because gambling is pure lucykness so the answer is luck,but trading is more complicated than that thing

He does comment but does not read the OP. Not strange for me, but I have to emphasize that even in gambling skills is more important that luck, and the more in trading because we have all the data to analyze so we will be able to study it for our success. Work hard and we shall make it.

X-ray

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Quote from: jerowacik on October 27, 2016, 03:04:33 AM

the luck factor is much more important. because gambling entrust our fortunes. may be nearly 80% of gambling game requires you to be lucky. skill can not help in the game of gambling.

it's not about gambling,OP have asked about which factor (skill or luck ) is important on trading nor asking for a gambling,if it was about gambling then the answer is can be easily figured out because gambling is pure lucykness so the answer is luck,but trading is more complicated than that thing

Zadicar

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Quote from: Positid on October 27, 2016, 02:28:00 AM

Quote from: Zadicar on October 26, 2016, 11:18:55 PM

Quote from: stadus on October 26, 2016, 09:56:04 PM

Quote from: c1791 on October 26, 2016, 09:47:12 PM

I believe only in luck because overnight so many things happen when you are a sleep.its your luck what situation you will face in the morning

It's a different thing mate, when you are sleeping you are expected to wake up in the morning unless their a danger in your place that you may die anytime. We are talking here on the specific gamble which is trading, and we believe that what is more important is the skill and if we are lucky then that is just like a bonus.

Out of topic answer though hence hes referring to luck when he sleep

. Back to topic, trading does rely on both on skills and luck but having a trading skills would really matter when you are on this field because trading isnt an easy thing to do because you would really need analytical skills and good decision making and observation skills to make chances of making successful trades would be high.

If it's easy then I would not work from now on, it is more convenient to just earn money online and will not need to dress up to go to work to please your clients just for a small amount of money.

The real freedom is when we will be able to control our time and we can work a little time but still make good money.

Very true, if trading is easy all men wouldnt work anymore and would tend to switch fully into trading which we could able to earn decent amounts compared to our jobs as of now, as you said sitting on our own home is great without the hassle of dressing up everyday because of work but we could actually do both jobs as long we could able to handle this and we dont compromise anything.

Topic: Skills vs Luck *poll* - page 11. (Read 34724 times)

Topic: Skills vs Luck poll - page 11. (Read 34724 times)