Skills vs Luck *poll* - page 4. | Bitcointalksearch.org

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Quote from: wildan88 on November 30, 2016, 11:28:21 AM

I think trading is pure 99% depending on skills. While luck on trade are those people who don't have the skills. except for gambling and it obviously depends on luck.

i am agree, better we continue to learning trading and make our own analysis so in future we can have many good experience that i am sure it will be used for our trading. and i will choose skills too like wildan88 but maybe in 90% depend on skills, and 10% depend on luck on the coins we bought.

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Quote from: wildan88 on November 30, 2016, 11:28:21 AM

I think trading is pure 99% depending on skills. While luck on trade are those people who don't have the skills. except for gambling and it obviously depends on luck.

But I am not ready to agree with you. To me, I think trading is also depending 99% on luck and only 1 person on skill and experience, to me luck does not need skill whereas skill and experience are depending on luck. Overall to me all kinds of tradings also depend on luck. Skill may lead but only luck will get job done.

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Quote from: X-ray on November 30, 2016, 05:33:50 AM

Quote from: rizkyhiw on November 29, 2016, 08:17:52 PM

Quote from: Maslate on November 28, 2016, 10:21:40 PM

Quote from: rizkyhiw on November 28, 2016, 05:58:35 PM

Quote from: lienfaye on November 26, 2016, 09:03:45 PM

Quote from: xypos on November 26, 2016, 07:29:49 PM

In my opinion you definitely will need elements of both. Even if you have excellent skill when you trade there is a risk of another whale playing against you that can move the market the opposite direction that you want it to move.

Trading is a bit like gambling, just with smaller risks.

I agree, to be able to get some profit you must have that both. you need skills to know what you should do and luck to make it possible to happen.

but i guess the thing that have most effect most of the times is just skills
luck only come randomly to you
while skills always there in every session you trade
so the conclusion for me skills more important than luck , as you never know when luck come.

Well, your skills will not ensure you that you'll make profit all the time but it gives you a confidence that in the long run you will be successful. Successful in the sense that you will be able to be profitable in trading, put in your mind and in your heart that everyday is a learning experience and the more time and effort you devote, you will be rewarded in the future.

some people believe there is something called trading psychology
by mastering how trading psychology affected to you it's give you more skills in trading
means there is a lot of factors to determine how good you are and how you can make money in trading with skills
luck did not react too much in trading, skills it is.

quite curious of that. i guess it's about how to control ourselves in order to not getting easily panicked by some strange movement so we can choose the most wise decision at the end. i think that's really helpful especially for those who always doing panic selling and can't maximize their profit
otherwise i don't agree with you that luck didn't affect trading too much because actually even if you're most skilled among other if you don't have the luck you're more likely to fail

You think luck always around you all the time and help your prediction to be correct?
No i dont think so and that's why i think luck have no really big effect
If you are skilled trader you will still guaranteed to have a luck later
But if you are a lucky trader , you will never guaranteed to be skilled later, makes sense now?

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Quote from: stadus on November 10, 2016, 10:07:30 PM

Quote from: marcuslong on November 10, 2016, 06:25:50 PM

Quote from: intrader on July 02, 2016, 10:58:19 AM

When trading What Matters More Skills or Luck?

We need them both somehow in trading it depends if theres an investor or sponsor you will make some pumling in coin you'll gonna do is to wait till that coin will pump and wait for the profit.

I needs skills more than luck, I cannot master my luck but my skills for sure I can develop it. We are all entitled for our own luck as we are created by God, so focus on developing our skills and we can do that by educating ourselves in trading. There's information everywhere, we just need to find it out.

Skills is more than better than luck. We cannot master luck how ever it can be called luck when you earn money in the same time. We can learn and master skills or develope eventually skills can help us in many ways in trading, gambling also you need patience.

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I think trading is pure 99% depending on skills. While luck on trade are those people who don't have the skills. except for gambling and it obviously depends on luck.

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Quote from: 1Referee on November 30, 2016, 05:57:30 AM

And yes, there are so many people doing YOLO trading, where they buy at certain price levels and just assume the price will go up where they make profits as result. I can't even consider this to be trading as it fits much better in the category of gambling. These people mostly end up making big losses and blame Bitcoin for everything they did wrong.

The only big losses you could suffer might be coming only from trades made in late 2013 and early 2014. Even if you bought bitcoins in June 2014, when the price rebounded from previous lows at $410 in April 2014 to $650 (after it had crashed from the ATH of $1,100 in December 2013), and had been just waiting out, you would have already made decent profits. In fact, if you had just been following the trend, you would have fared pretty well overall...

I don't really know how this can possibly be construed as gambling

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Quote from: acroman08 on November 29, 2016, 03:37:29 AM

I would go with 95% Skills and 5% Luck.
No one could just go around trading/buying/selling coins totally at random and just hope/depend on getting lucky. This might result in an occasional( Huh

) win, but most likely end up in total loss.

Going without skill is like putting on a blindfold and choosing things at random.

So, expending some effort and learning about the trade,market, everything and anything to do with trading would certainly go better than depending on luck.

It all depends on the type of trader as each person is different when it comes to having a certain trading method. I for example mostly make use of repetitive patterns that I can easily exploit at days with a decent amount of volatility. Especially when the price is moving between certain price levels. It of course doesn't guarantee me profits, but if set positions well, and I am able to catch up a few wrong trades resulting in a small loss, then it's easy money if you know what to do.

And yes, there are so many people doing YOLO trading, where they buy at certain price levels and just assume the price will go up where they make profits as result. I can't even consider this to be trading as it fits much better in the category of gambling. These people mostly end up making big losses and blame Bitcoin for everything they did wrong.

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Quote from: rizkyhiw on November 29, 2016, 08:17:52 PM

Quote from: Maslate on November 28, 2016, 10:21:40 PM

Quote from: rizkyhiw on November 28, 2016, 05:58:35 PM

Quote from: lienfaye on November 26, 2016, 09:03:45 PM

Quote from: xypos on November 26, 2016, 07:29:49 PM

In my opinion you definitely will need elements of both. Even if you have excellent skill when you trade there is a risk of another whale playing against you that can move the market the opposite direction that you want it to move.

Trading is a bit like gambling, just with smaller risks.

I agree, to be able to get some profit you must have that both. you need skills to know what you should do and luck to make it possible to happen.

but i guess the thing that have most effect most of the times is just skills
luck only come randomly to you
while skills always there in every session you trade
so the conclusion for me skills more important than luck , as you never know when luck come.

Well, your skills will not ensure you that you'll make profit all the time but it gives you a confidence that in the long run you will be successful. Successful in the sense that you will be able to be profitable in trading, put in your mind and in your heart that everyday is a learning experience and the more time and effort you devote, you will be rewarded in the future.

some people believe there is something called trading psychology
by mastering how trading psychology affected to you it's give you more skills in trading
means there is a lot of factors to determine how good you are and how you can make money in trading with skills
luck did not react too much in trading, skills it is.

quite curious of that. i guess it's about how to control ourselves in order to not getting easily panicked by some strange movement so we can choose the most wise decision at the end. i think that's really helpful especially for those who always doing panic selling and can't maximize their profit
otherwise i don't agree with you that luck didn't affect trading too much because actually even if you're most skilled among other if you don't have the luck you're more likely to fail

rizkyhiw

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Quote from: Maslate on November 28, 2016, 10:21:40 PM

Quote from: rizkyhiw on November 28, 2016, 05:58:35 PM

Quote from: lienfaye on November 26, 2016, 09:03:45 PM

Quote from: xypos on November 26, 2016, 07:29:49 PM

In my opinion you definitely will need elements of both. Even if you have excellent skill when you trade there is a risk of another whale playing against you that can move the market the opposite direction that you want it to move.

Trading is a bit like gambling, just with smaller risks.

I agree, to be able to get some profit you must have that both. you need skills to know what you should do and luck to make it possible to happen.

but i guess the thing that have most effect most of the times is just skills
luck only come randomly to you
while skills always there in every session you trade
so the conclusion for me skills more important than luck , as you never know when luck come.

Well, your skills will not ensure you that you'll make profit all the time but it gives you a confidence that in the long run you will be successful. Successful in the sense that you will be able to be profitable in trading, put in your mind and in your heart that everyday is a learning experience and the more time and effort you devote, you will be rewarded in the future.

some people believe there is something called trading psychology
by mastering how trading psychology affected to you it's give you more skills in trading
means there is a lot of factors to determine how good you are and how you can make money in trading with skills
luck did not react too much in trading, skills it is.

acroman08

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I would go with 95% Skills and 5% Luck.
No one could just go around trading/buying/selling coins totally at random and just hope/depend on getting lucky. This might result in an occasional( Huh

) win, but most likely end up in total loss.

Going without skill is like putting on a blindfold and choosing things at random.

So, expending some effort and learning about the trade,market, everything and anything to do with trading would certainly go better than depending on luck.

Maslate

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Quote from: rizkyhiw on November 28, 2016, 05:58:35 PM

Quote from: lienfaye on November 26, 2016, 09:03:45 PM

Quote from: xypos on November 26, 2016, 07:29:49 PM

In my opinion you definitely will need elements of both. Even if you have excellent skill when you trade there is a risk of another whale playing against you that can move the market the opposite direction that you want it to move.

Trading is a bit like gambling, just with smaller risks.

I agree, to be able to get some profit you must have that both. you need skills to know what you should do and luck to make it possible to happen.

but i guess the thing that have most effect most of the times is just skills
luck only come randomly to you
while skills always there in every session you trade
so the conclusion for me skills more important than luck , as you never know when luck come.

Well, your skills will not ensure you that you'll make profit all the time but it gives you a confidence that in the long run you will be successful. Successful in the sense that you will be able to be profitable in trading, put in your mind and in your heart that everyday is a learning experience and the more time and effort you devote, you will be rewarded in the future.

rizkyhiw

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Quote from: lienfaye on November 26, 2016, 09:03:45 PM

Quote from: xypos on November 26, 2016, 07:29:49 PM

In my opinion you definitely will need elements of both. Even if you have excellent skill when you trade there is a risk of another whale playing against you that can move the market the opposite direction that you want it to move.

Trading is a bit like gambling, just with smaller risks.

I agree, to be able to get some profit you must have that both. you need skills to know what you should do and luck to make it possible to happen.

but i guess the thing that have most effect most of the times is just skills
luck only come randomly to you
while skills always there in every session you trade
so the conclusion for me skills more important than luck , as you never know when luck come.

BitSat

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Quote from: Fireblade on November 28, 2016, 04:04:17 PM

Quote from: goldcoinminer on November 27, 2016, 12:18:22 AM

Quote from: lienfaye on November 26, 2016, 09:03:45 PM

Quote from: xypos on November 26, 2016, 07:29:49 PM

In my opinion you definitely will need elements of both. Even if you have excellent skill when you trade there is a risk of another whale playing against you that can move the market the opposite direction that you want it to move.

Trading is a bit like gambling, just with smaller risks.

I agree, to be able to get some profit you must have that both. you need skills to know what you should do and luck to make it possible to happen.

I see more on a skill as a gift, it's hard to achieve that in trading when you are not gifted to have it. The market differs from time to time so you must be knowledgeable enough to succeed and without dedication you cannot achieve it. Also, it's a process so do not be greedy when you start to earn.

i think its is a matter of belief, and so how religious, in Islam you must have to believe on luck, as it is God gifted and it can only be change with prays if you pray for yourself or some one prey for your luck can be change in your favour, which in othe religion there no concept of luck. i personally believe on luck.

I also believe on Luck but some time we need both because every time luck is not going to work some time we need skills also for some best outcome of any matter and never be greedy because this also can kill you and your target

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Quote from: goldcoinminer on November 27, 2016, 12:18:22 AM

Quote from: lienfaye on November 26, 2016, 09:03:45 PM

Quote from: xypos on November 26, 2016, 07:29:49 PM

In my opinion you definitely will need elements of both. Even if you have excellent skill when you trade there is a risk of another whale playing against you that can move the market the opposite direction that you want it to move.

Trading is a bit like gambling, just with smaller risks.

I agree, to be able to get some profit you must have that both. you need skills to know what you should do and luck to make it possible to happen.

I see more on a skill as a gift, it's hard to achieve that in trading when you are not gifted to have it. The market differs from time to time so you must be knowledgeable enough to succeed and without dedication you cannot achieve it. Also, it's a process so do not be greedy when you start to earn.

i think its is a matter of belief, and so how religious, in Islam you must have to believe on luck, as it is God gifted and it can only be change with prays if you pray for yourself or some one prey for your luck can be change in your favour, which in othe religion there no concept of luck. i personally believe on luck.

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Quote from: naidray on November 28, 2016, 02:50:42 PM

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Quote from: dotajhay on November 26, 2016, 07:11:58 PM

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Quote from: ErikSneijer on November 24, 2016, 05:45:31 PM

Its indeed both its a combination from both together without luck you will not make profit but without any skills you will most likely also not make profit!

I guess if you are not skilled but if you have luck still you will able to get some profit but that's very rare and you will just hope for your luck. But that is going to be better if you will have those two qualities to secure the profit that you will make in trading. Because I don't know if there are people who are trading and totally depends on luck.

Yeah that's true if you're not skilled you will not get luck if you are poor in skills you will become successful and you will not gain luck so praticing in trading gives you a high percentage of luck.

That's why I preferred for having both, because that is going to be hard to determine when you are going to be lucky for a day or two. And even those professional traders I doubt it that they are not also asking for some luck to come to them as they do some trades. Because this is one of the good way to earn some decent amount with trading.

Yes I am also agree with you, as both are important for success, but if we compare these two with each other then we have to choose luck, as a lucky person do not need skill but a skillful person still needs luck for their success. So sadly we need to assume luck dominates the skill to occupy the prime role of deciding the outcome of a trader.

Luck is something that may or may not help you. Skills are something that you can use to achieve something with a high probability. It doesn't mean you'll be getting guaranteed returns, but your chances of making profits are significantly higher. If I would put a number in percentages for both luck and skills, then it would be 25% luck and 75% skills.

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Quote from: dotajhay on November 26, 2016, 07:11:58 PM

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Quote from: ErikSneijer on November 24, 2016, 05:45:31 PM

Its indeed both its a combination from both together without luck you will not make profit but without any skills you will most likely also not make profit!

I guess if you are not skilled but if you have luck still you will able to get some profit but that's very rare and you will just hope for your luck. But that is going to be better if you will have those two qualities to secure the profit that you will make in trading. Because I don't know if there are people who are trading and totally depends on luck.

Yeah that's true if you're not skilled you will not get luck if you are poor in skills you will become successful and you will not gain luck so praticing in trading gives you a high percentage of luck.

That's why I preferred for having both, because that is going to be hard to determine when you are going to be lucky for a day or two. And even those professional traders I doubt it that they are not also asking for some luck to come to them as they do some trades. Because this is one of the good way to earn some decent amount with trading.

Yes I am also agree with you, as both are important for success, but if we compare these two with each other then we have to choose luck, as a lucky person do not need skill but a skillful person still needs luck for their success. So sadly we need to assume luck dominates the skill to occupy the prime role of deciding the outcome of a trader.

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Quote from: xypos on November 26, 2016, 07:29:49 PM

In my opinion you definitely will need elements of both. Even if you have excellent skill when you trade there is a risk of another whale playing against you that can move the market the opposite direction that you want it to move.

Trading is a bit like gambling, just with smaller risks.

Just 1% may make all the difference

Quote from: Dudeperfect on November 27, 2016, 02:32:28 AM

Exactly, one should have adequate experience and skills for trading and on the other hand luck plays a similar part in the results. One must not forget that luck is distributed equally among everyone, there is nothing like less luck or more luck. One can have different levels of skills and experience but in case of luck, it is distributed equally to everyone and at the end it hits randomly. Trading is not gambling if done with proper research.

Just because true luck is random it cannot possibly be "distributed equally among everyone". If it were so, we would have a uniform distribution for randomness, but true randomness is anything but uniformity. Although this is counterintuitive and many people are prone to this mistake, it goes well with the very idea of luck. Really, how could we ever talk about luck at all if everyone was endowed with it in absolutely the same degree? The very notion of luck would be meaningless then...

You may want to read this post

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Quote from: xypos on November 26, 2016, 07:29:49 PM

In my opinion you definitely will need elements of both. Even if you have excellent skill when you trade there is a risk of another whale playing against you that can move the market the opposite direction that you want it to move.

Trading is a bit like gambling, just with smaller risks.

you're opinion was right you must have both in order to get some profit. skill are there when you're born and if you dont have skill well skills can be learn but it need to take a lot of time and together you must have a luck in order to make profit from trading .every people have a different skills and luck when it comes to trading but still if you have that you're probably making profit right now. i can say that two is the composition in order to be a successful in trading.

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Quote from: xypos on November 26, 2016, 07:29:49 PM

In my opinion you definitely will need elements of both. Even if you have excellent skill when you trade there is a risk of another whale playing against you that can move the market the opposite direction that you want it to move.

Trading is a bit like gambling, just with smaller risks.

Exactly, one should have adequate experience and skills for trading and on the other hand luck plays a similar part in the results. One must not forget that luck is distributed equally among everyone, there is nothing like less luck or more luck. One can have different levels of skills and experience but in case of luck, it is distributed equally to everyone and at the end it hits randomly. Trading is not gambling if done with proper research.

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Quote from: Jasad on November 27, 2016, 12:34:52 AM

Quote from: goldcoinminer on November 25, 2016, 01:07:22 AM

Quote from: Jasad on November 24, 2016, 11:29:22 PM

Quote from: uneng on November 24, 2016, 07:56:30 PM

Who makes real profit trading must have skills. Newbies can make profit, but it's because they were lucky. To do a successful trading you need to learn facts before start. Watch the graphics, understand how this works, if possible, join trading with a demo account and you can learn with your mistakes.
It's a profitable activity if you know how to make it.

i will say the same as you , skills are more dominant here ,
luck only a final touch , it is so rare to see someone get straight luck in trading without skills ,
so you need to have skills in trading more than you need luck .

You can master skills but you cannot do the same with luck. Just don't get too confuse as in real business when having a strategic planning, we do not even consider luck. We only consider variables that we can see and touch.

you should not rely on luck in gambling ,
but you still needed at least to make your bets guaranteed to win ,
indeed luck are something like unreal , but you have to believe that it is exist ,
everytime you get unexpected result won or lost it there is luck take effect .

It's the intervention of God when you are lucky so we need to thank God for that, however as God said that let's work and He'll help us, so that means we should also have to be smart and develop our skills to be successful.

Topic: Skills vs Luck *poll* - page 4. (Read 34742 times)

Topic: Skills vs Luck poll - page 4. (Read 34742 times)