When trading What Matters More Skills or Luck?
You need both but the most matter is skills or strategy because in trading not only luck you need like in gambling you need a brain too, the luck is just 10% of need in bitcoin trading.
Topic: Skills vs Luck *poll* - page 6. (Read 34742 times)
When trading What Matters More Skills or Luck?
You need both but the most matter is skills or strategy because in trading not only luck you need like in gambling you need a brain too, the luck is just 10% of need in bitcoin trading.But sometimes this less significant luck factor, may become as a prime factor to decide the outcome of our trading, but definitely not in consistent manner for long run. Without luck, I believe no one will be able to survive in any field so in trading too.
When trading What Matters More Skills or Luck?
You need both but the most matter is skills or strategy because in trading not only luck you need like in gambling you need a brain too, the luck is just 10% of need in bitcoin trading.When trading What Matters More Skills or Luck?
You need both but the most matter is skills or strategy because in trading not only luck you need like in gambling you need a brain too, the luck is just 10% of need in bitcoin trading. 
We need luck of course that why even successful business pray to God to give them more blessing and that luck is our blessing. Our skills is a gift to us but we cannot just rely on it for the rest of our life as it could not be effective in the future. Having luck and skills will give you more chance to succeed.
If we believe into luck is due to God's touch, then there will be no possibility of successful trade without that. At the same time simply believing in to God will not help anyone. But, having both will give us assured profit from trading but having luck all the time is not possible and it is not within our control.
but with skills only you still have to get profit even not steady
and now imagine once you have both luck and skills used, what would happened?
of course the perfect situation that everyone needed, but if i should choose one, i think to have skills more important.
which it's not right and soundslike weird
luck maybe required at some point , but not always there
a skills and experience dominating on determine the result of everything especially trading.
For me, both factors matter in trading however, most of the time, a lucky person shines far greater than a skillful person because a skilled person might know what he's doing but if he's not in the right moment then he would not make much money. But in the long run, I would say that skills matter the most since you will be able to make more money even if you are not on the right moment.
Trading is always the long run based because we cannot make big fortunes from trading just in one day itself.The lucky traders may make some good profits one day or other but definitely not consistently. Just making profits in one day and losing all of them in another day will not definitely make a person good trader.
But skill will definitely help traders to make consistent profits even it is in lower amount, but consistency will be nice.
For me, both factors matter in trading however, most of the time, a lucky person shines far greater than a skillful person because a skilled person might know what he's doing but if he's not in the right moment then he would not make much money. But in the long run, I would say that skills matter the most since you will be able to make more money even if you are not on the right moment.
Trading is always the long run based because we cannot make big fortunes from trading just in one day itself.The lucky traders may make some good profits one day or other but definitely not consistently. Just making profits in one day and losing all of them in another day will not definitely make a person good trader.
But skill will definitely help traders to make consistent profits even it is in lower amount, but consistency will be nice.
We need luck of course that why even successful business pray to God to give them more blessing and that luck is our blessing. Our skills is a gift to us but we cannot just rely on it for the rest of our life as it could not be effective in the future. Having luck and skills will give you more chance to succeed.
If we believe into luck is due to God's touch, then there will be no possibility of successful trade without that. At the same time simply believing in to God will not help anyone. But, having both will give us assured profit from trading but having luck all the time is not possible and it is not within our control.
but with skills only you still have to get profit even not steady
and now imagine once you have both luck and skills used, what would happened?
of course the perfect situation that everyone needed, but if i should choose one, i think to have skills more important.
For me, both factors matter in trading however, most of the time, a lucky person shines far greater than a skillful person because a skilled person might know what he's doing but if he's not in the right moment then he would not make much money. But in the long run, I would say that skills matter the most since you will be able to make more money even if you are not on the right moment.
When trading What Matters More Skills or Luck?
trading must have skill if you want constant profit
trading not gambling, if gambling only lucky, but if sport betting must have skill too
if you only hope lucky in trading, maybe you never profit , always lost
When trading What Matters More Skills or Luck?
trading must have skill if you want constant profit
trading not gambling, if gambling only lucky, but if sport betting must have skill too
if you only hope lucky in trading, maybe you never profit , always lost
Both luck and skills are very important without skill you cannot make money consistently, without luck you can get ruined almost immediately by having the market moving completely against you.
I agree with you both are really needed to be profitable on trading because if you fully rely on luck without any skills you cant able to make profits hence you dont know what to do to utilize the luck do you have, the same story on having skills without luck because no matter how you trade well if luck isnt on your side it would be useless.
Both luck and skills are very important without skill you cannot make money consistently, without luck you can get ruined almost immediately by having the market moving completely against you.
Luck does it all. If you win by skill, you won't earn that much. Luck can at the inverse make you rich overnight.
House edge doesn't matter all that much since the house nearly always wins in the long run
The house wins in the end exclusively because of the house edge. If there were no house edge and the outcomes were truly random, it would be 50/50, i.e. no one wins and no one loses on a long enough timeframe. Since that would be pure luck in action
And the same goes up for people treating trading as it is like gambling. They lose. These people are the exact type that just yolo buy at certain price levels in the hope they see the price go up significantly. These people either end up selling their coins in panic, or just sell at a loss to hop over to a different coin hoping to get what they are looking for right there. That's what I am talking about. People with a yolo attitude. Whether it's with gambling or with trading, they lose. With gambling however, they know much sooner what the results of their actions are.
As you know, if you have luck by your side, you don't need brains
Note that this saying is not my invention. It is in fact a profound wisdom in and of itself. Luck is a term which essentially reflects the fundamental skewness of randomness in this world. Counterintuitively, true randomness, mathematically, is far from a uniform distribution:
The image on the left is a truly random distribution while the image on the right shows the distribution of glowworms competing for food, which are nudging themselves away from each other, toward a more uniform distribution. The point is that your chances of living your whole life in one of the empty spaces on the left image are higher than on the right, metaphorically speaking, despite the fact that the distribution on that image is truly random. The practical inference is that some people can be substantially more lucky than the rest of the gang, while some other people can be substantially less lucky than the rest of the same gang. That's why luck matters
to me the most important thing in trading as well as in gambling is luck if you are a lucky person you do not need any skill or experience as we have very clear examples from our daily life that most intelligent and experience people are working under the supervision of lucky people who have no skill and education or any experience.
If you think trading is comparable with gambling when it comes to the luck aspect, then what's the point of trading for you when you can simply do gambling where you instantly know when you win or lose? In that regard trading will not be anything other than a slow process...
You obviously forget to mention about the house edge
Further, luck in trading is of absolutely different nature than in gambling. In gambling, it is pure pristine luck, and unless you hack the system or find a flaw in it, it will be the same pure luck every time you roll the dice. The luck in trading is totally different and negatively correlates with your trading skills. That means that what you gain by luck, someone else might get by skill, which is impossible in gambling. See the difference?
House edge doesn't matter all that much since the house nearly always wins in the long run. And the same goes up for people treating trading as it is like gambling. They lose. These people are the exact type that just yolo buy at certain price levels in the hope they see the price go up significantly. These people either end up selling their coins in panic, or just sell at a loss to hop over to a different coin hoping to get what they are looking for right there. That's what I am talking about. People with a yolo attitude. Whether it's with gambling or with trading, they lose. With gambling however, they know much sooner what the results of their actions are.
to me the most important thing in trading as well as in gambling is luck if you are a lucky person you do not need any skill or experience as we have very clear examples from our daily life that most intelligent and experience people are working under the supervision of lucky people who have no skill and education or any experience.
If you think trading is comparable with gambling when it comes to the luck aspect, then what's the point of trading for you when you can simply do gambling where you instantly know when you win or lose? In that regard trading will not be anything other than a slow process...
You obviously forget to mention the house edge
But that's not the only difference between gambling and trading in respect to luck. What is more important, luck in trading is of absolutely different nature than in gambling. In gambling, it is pure pristine luck, and unless you hack the system or find a flaw in it, it will be the same pure luck every time you roll the dice. The luck in trading is totally different and negatively correlates with your trading skills. That means that what you gain by luck, someone else might get by skill, which is impossible in gambling. Alternately stated, in gambling luck is objective while in trading it is subjective. See the difference?
to me the most important thing in trading as well as in gambling is luck if you are a lucky person you do not need any skill or experience as we have very clear examples from our daily life that most intelligent and experience people are working under the supervision of lucky people who have no skill and education or any experience.
If you think trading is comparable with gambling when it comes to the luck aspect, then what's the point of trading for you when you can simply do gambling where you instantly know when you win or lose? In that regard trading will not be anything other than a slow process... Luck is definitely an aspect of trading, but the major factors are the skills and experience that you have been building up. If you think this isn't the case, then it says a lot about your level of understanding of what trading really is.
We need luck of course that why even successful business pray to God to give them more blessing and that luck is our blessing. Our skills is a gift to us but we cannot just rely on it for the rest of our life as it could not be effective in the future. Having luck and skills will give you more chance to succeed.
If we believe into luck is due to God's touch, then there will be no possibility of successful trade without that. At the same time simply believing in to God will not help anyone. But, having both will give us assured profit from trading but having luck all the time is not possible and it is not within our control.
but with skills only you still have to get profit even not steady
and now imagine once you have both luck and skills used, what would happened?
of course the perfect situation that everyone needed, but if i should choose one, i think to have skills more important.
If we believe into luck is due to God's touch, then there will be no possibility of successful trade without that.
At the same time simply believing in to God will not help anyone. But, having both will give us assured profit from trading but having luck all the time is not possible and it is not within our control.
The beauty of luck is it is completely beyond our control, that is the reason people are worshiping it. At the same time, skill is fully within our control still people are not giving full respect to itAt the same time simply believing in to God will not help anyone. But, having both will give us assured profit from trading but having luck all the time is not possible and it is not within our control.
I tend to disagree that luck it totally beyond our control. If you visit no places at no times altogether, your chances of turning up in the right place at the right time are pretty close to zero, anyway you look at it. On the other hand, you could actually work up your chances of encountering luck, and sooner or later you will meet Ms. Fortune. In other words, fortune favors the brave. Indeed, if you do nothing, you will get nothing in return...
Ironically, what you might consider as smile of fortune, other people may routinely get simply because they are more skillful
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