Topic: Skills vs Luck *poll* - page 8. (Read 34724 times)
skill without any luck will be very difficult to win, and good luck with no skill, you're better off gambling. Well, in trading, it takes two things to be able to get profit. skill and luck are two important things you must pay attention and you keep, so that you can make a lot of money and not lose in trading
but to me luck carry primary importance in the your success.
If you see luck as the main principle of having success, then your investment/trading style has more similarities with gambling rather than well thought out investment/trading strategies. It's way too dangerous to depend on luck as it may very well end up in a disaster for you. If you are playing with serious amounts of money, you'll either become very rich, or end up poor if you really continue this behaviour.
As the saying goes, if you have luck by your side, you don't need brains
It seems that the main issue with arguments of this kind (i.e. luck vs skill) is the artificial division between luck and skill. Such division maybe useful for theoretical discussion, but it can be, and most likely is, highly detrimental in real life. When people start questioning themselves what is more important, luck or skill, they inevitably take one side and take it to the extreme
So people who strongly believe in luck start massively relying on it, since they are typically more lucky on average than the rest of humanity (otherwise, they wouldn't have chosen the luck side in the first place). But when luck finally goes away, which is inevitable, they either don't have skills or simply don't know how to rely on skills alone without a bit of luck by their side. On the other hand, people who choose the skills side, might decide to not believe in luck altogether. And when luck gives them a chance, they stubbornly ignore it because they feel surprised, don't know what to do and eventually end up missing the opportunity
Both of these two factors are required in trading. However, Skills are more necessary which helps people to earn a stable income. You can not always depend on your luck because luck only appears about 1% in your whole trading career. And it will be much effective if you can combine both luck and skills. This will make you totally a master in trading and you will soon be rich. So that's it, you need to learn and study more to gain more knowledge and start trading now to get more experience and skills
but to me luck is more important than luck,
I assume it's just a typing error, and you actually meant to say that according to you luck is more important than skills?
without luck you cannot make any success, although skill is a also helpful in making you succeed
Luck can be helpful when investing in certain aspects of a market, but it's never something you should fully depend on, unless you're a gambler/high risk taker. High risks means high potential earnings, but also high risk of ending up with massive losses. It's not something to look forward to when you look to increase your wealth for the long term.
but to me luck carry primary importance in the your success.
If you see luck as the main principle of having success, then your investment/trading style has more similarities with gambling rather than well thought out investment/trading strategies. It's way too dangerous to depend on luck as it may very well end up in a disaster for you. If you are playing with serious amounts of money, you'll either become very rich, or end up poor if you really continue this behaviour.
When trading What Matters More Skills or Luck?
Here both of them works simultaneously . because luck gives us Profit speedly but skill gives us Profit from long term investment for particular altcoin .So we can say both of them are joined indirectly to get profit in trading .
I agree those as luck and skill together working means a trader will get more chances to gain quick and huge profits from his every trade.
A professional trader will maximize his profits through skill, but naive traders expect luck moments to do so even he has skills. When both skill and luck together works, one will become more successful in his trading for sure.
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.
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.
When trading What Matters More Skills or Luck?
Here both of them works simultaneously . because luck gives us Profit speedly but skill gives us Profit from long term investment for particular altcoin .So we can say both of them are joined indirectly to get profit in trading .
I can't choose one but for me its both skills and luck are needed
for example when you gamble its a key to earn profit. When we
invest our money it requires luck and skills so that it will lead
to success. Last, skills and luck are needed like in gambling
and in trading to earn profit.
for example when you gamble its a key to earn profit. When we
invest our money it requires luck and skills so that it will lead
to success. Last, skills and luck are needed like in gambling
and in trading to earn profit.
There are people who does not believe in luck, me included, so basically ill go for skill because with skill there is more chance of a person booking a profit than the person who does not have a skill. If ever one is trading the probability rolls and as a result is the chance of that item to go up or go down in price.
I think both skills & luck needed for better result.In gambling, winning depends on your luck only(exclude sports betting).You can't win with your skill only.On the other hand,In trading you need mostly skills like experience, proper knowledge etc but luck doesn't matter on this.So,for a better result or profit we need both skills and luck.
I can't choose one but for me its both skills and luck are needed
for example when you gamble its a key to earn profit. When we
invest our money it requires luck and skills so that it will lead
to success. Last, skills and luck are needed like in gambling
and in trading to earn profit.
for example when you gamble its a key to earn profit. When we
invest our money it requires luck and skills so that it will lead
to success. Last, skills and luck are needed like in gambling
and in trading to earn profit.
There are people who does not believe in luck, me included, so basically ill go for skill because with skill there is more chance of a person booking a profit than the person who does not have a skill. If ever one is trading the probability rolls and as a result is the chance of that item to go up or go down in price.
I think it's both skills and luck because if you have those two it will be easy for you to earn money. It's bad if you are just relying on luck and just doing some random pick for the coin to just find the right coin.
please, I am not trying to start an argument just offering my opinion(as your posts are your opinions). If you are like most trader on this forum who are trading based on TA and other methods that have no real edge(exploiting ineffciency), then where is your edge created? Certainly not in your entries which you have no control over. So what do you have control over then? When you exit that position, how you handle a position once it is moving? I know for price action traders, this is the hardest part. Inside the james 16 pf, those that succeed with pa are those that have clear cut rules for their exits(sure our entries are important)
I can't choose one but for me its both skills and luck are needed
for example when you gamble its a key to earn profit. When we
invest our money it requires luck and skills so that it will lead
to success. Last, skills and luck are needed like in gambling
and in trading to earn profit.
for example when you gamble its a key to earn profit. When we
invest our money it requires luck and skills so that it will lead
to success. Last, skills and luck are needed like in gambling
and in trading to earn profit.
you must never rely on your luck but that doesn't mean you don't need luck to be successful. this may sound a bit strange but i believe that you need luck in all your life and in everything that you do. trading is only one the many things.
I'm sorry but I'm totally disagree with you guys for luck is the most important thing if everything. Whether you gamble or trade, you will still hope that luck will be always with you. In trading, we know that skill is a must but still you will still need to cope up with luck. And luck will mostly applicable in gambling even you are not skilled person.
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.For well experienced traders luck isn't needed. These traders rely on the years of experience that they have been building up. Even if they do end up making a few bad trades, the profit that they have made before that is sufficient enough to catch up any potential losses. Luck is a factor that may bring you an extra profit where you didn't expected it to happen. See it as a bonus. This is regarding Bitcoin trading and not altcoin trading.
If you're talking about altcoin trading, then the luck factor will be the desicional factor. But then again, I consider altcoin investments to fit in the same category as gambling. It has barely anything to do with actual investing/trading. If you jump into altcoin trading, then you must accept the risk of possibly seeing the value of your coins go down by a lot in just a single day.
Both for me, but Skill is a little more important than luck. Because in trading you have to think how you can get a big money.
but in my opinion luck is more important than skill,if you have luck but don't have skill you can still keeping up trading because you have the luck and maybe every after buying you will see the price is rising and you get profit whilst with skill it's uncertainAs quoted luck plays an big role in profiting, though the person doesn't have much skills. At the same luck won't give a constant earning, because every time luck won't stay with certain persons. Skill is not like that, we can make strategies and move on to get a constant earning. I believe that the person with skills is always lucky.
Yes indeed, luck is the basis for profit. Even so skills are also indispensable in trade. Because if we use trade only rely on luck it will not be profitable, so it is very necessary skills. With the skill we can increase the chances of luck.
the only reason why people around here use the word luck for trading around here is because sometimes prices don't move with any logic and mostly in altcoin prices they are moving based on pump and dumps and no reason whatsoever.
you will never hear a forex trader or a stocks broker say trading is luck!!!
you only hear it here because it is full of newbie traders with no knowledge of trading at all.
you must never rely on your luck but that doesn't mean you don't need luck to be successful. this may sound a bit strange but i believe that you need luck in all your life and in everything that you do. trading is only one the many things.
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.With developing required skills, we will get all the chances to be shining with our trading. With your skill you will get chances to make profits 99% still maybe if you do have luck favored you, would have avoided the remaining 1% too.
you must never rely on your luck but that doesn't mean you don't need luck to be successful. this may sound a bit strange but i believe that you need luck in all your life and in everything that you do. trading is only one the many things.
Atleast you need to have a normal luck,because having a bad luck can make you fail in anything you do in your life,even if you are a skillfull person you can still be unsucssfull if you luck is preventing you from using your skills.
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.With developing required skills, we will get all the chances to be shining with our trading. With your skill you will get chances to make profits 99% still maybe if you do have luck favored you, would have avoided the remaining 1% too.
you must never rely on your luck but that doesn't mean you don't need luck to be successful. this may sound a bit strange but i believe that you need luck in all your life and in everything that you do. trading is only one the many things.
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.With developing required skills, we will get all the chances to be shining with our trading. With your skill you will get chances to make profits 99% still maybe if you do have luck favored you, would have avoided the remaining 1% too.
you must never rely on your luck but that doesn't mean you don't need luck to be successful. this may sound a bit strange but i believe that you need luck in all your life and in everything that you do. trading is only one the many things.
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.With developing required skills, we will get all the chances to be shining with our trading. With your skill you will get chances to make profits 99% still maybe if you do have luck favored you, would have avoided the remaining 1% too.
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