Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: SmartGold01 on June 17, 2024, 11:33:45 AM
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
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- I just laugh at other traders who say that trading is just like gambling, which also relies on luck to predict the price of a crypto or bitcoin. We all know that trading is not a joke, and it is not easy to do. Though, for me, sometimes trading can also cause stress for other traders, including me.
Why am I stressed about trading? That's because the market is unpredictable, and not all the analysis we do is perfectly correct. But I also don't believe that when we make money in trading, it's because we're just lucky. Because if we have a deep understanding of trading, we can really get earnings here every day.
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sometimes luck in trading is linked to the timing of trading. Whoever invests in the emerging market, in which the price rises daily, will achieve profits faster than those who invest in the descending market, as it is difficult to find liquidity or profits.
So even luck in trading is not fully random and at good times you need a little luck to achieve profits.
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- I just laugh at other traders who say that trading is just like gambling, which also relies on luck to predict the price of a crypto or bitcoin. We all know that trading is not a joke, and it is not easy to do. Though, for me, sometimes trading can also cause stress for other traders, including me.
Why am I stressed about trading? That's because the market is unpredictable, and not all the analysis we do is perfectly correct. But I also don't believe that when we make money in trading, it's because we're just lucky. Because if we have a deep understanding of trading, we can really get earnings here every day.
Sooner or later, they would really be able to realize that market dealing wont really be that the same with gambling. When it comes to risks taking then yes it would really be that risky but
in compared to gambling then this is something that would really be too far off. Speaking about luck? yes of course it would really be that something significant but
majority or most of the time it would really be something that will really be that needing that proper knowledge and experience for you to be able to sustain with
this unpredictable space or market.
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- I just laugh at other traders who say that trading is just like gambling, which also relies on luck to predict the price of a crypto or bitcoin.
~That's because the market is unpredictable, ~
I always laugh at people saying trading is not gambling only to say one line later that is completely unpredictable so it's purely based on luck!
Yeah, you might not like it but trading IS gambling.
Just how I have the lat 5 races record for my hor,e just how I have this time form and I know how he fares on grass or polytrack, his rating and what he beat earlier, it's the same as TA, you know how the price tarded till this moment.
And now we both bet on the outcome of the next race /price to be in line with past performance!
Traders who think they have found a golden indicator on how to predict the price are a gullible as gamblers buying books on how to win the lottery.
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Trading is not all about luck, we need to learn and have the experience on how to trade before we can be productive in it, someone who doesn't know about trading may finds it difficult to make the very best from it, trading is not like the way we gamble by luck, when we are to go into trading, we need to gather up learning resources that could help achieve using a specific and profitable trading strategy, those that may not have an idea in this can be lacking behind in knowing the right thing or step to take before and during their trades.
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The reason why people think like this is because they are basically considering this situation to be a bit lucky due to some people not really knowing what they are doing and still getting away with a profit. I understand that we may not look at it that clearly, but that doesn't really mean anything big, it is definitely something that would not be all that easy to handle. I personally believe that if we can do fine, we are going to end up with much better results if we study for it. All those lucky people are lucky because they have no idea what they are doing, but the ones who know what they are doing will end up doing great.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
There is no blank luck in trading that will make you a fortune, you will only be lucky after you have had some skill because if you have no skill, you can never be lucky. Trading and making profit is not easy, you have to have developed the skill and practiced a lot consistently in the market. You can be lucky after you have good knowledge to spot a very god opportunity in the market to take.
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The reason why people think like this is because they are basically considering this situation to be a bit lucky due to some people not really knowing what they are doing and still getting away with a profit. I understand that we may not look at it that clearly, but that doesn't really mean anything big, it is definitely something that would not be all that easy to handle. I personally believe that if we can do fine, we are going to end up with much better results if we study for it. All those lucky people are lucky because they have no idea what they are doing, but the ones who know what they are doing will end up doing great.
A few investors may indeed become wealthy due to luck in the crypto market, but for a trader, long-term profits come only from experience and capital management skills. Luck may strike a few times but cannot be sustained throughout a trading career. If it does, such luck is also based on the trader's thorough preparation in knowledge and capital.
I consider myself quite lucky: I was lucky to learn about the crypto market, I was lucky to have enough time and ability to learn technical analysis methods, I was lucky to have a little capital, and I was lucky to have a few successful trades. Clearly, luck comes only from proactive learning and a willingness to invest!
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
There is no blank luck in trading that will make you a fortune, you will only be lucky after you have had some skill because if you have no skill, you can never be lucky. Trading and making profit is not easy, you have to have developed the skill and practiced a lot consistently in the market. You can be lucky after you have good knowledge to spot a very god opportunity in the market to take.
If I could get you correctly now skills is what make someone lucky right, what those who had the skills and all knowledge and yet doesn't succeed in trading possibly the have engaged themselves into acquiring series books.
@Stompix you are trying to make all things looks so complicated for me for your answer by saying trading is gambling. Is there any book sold out there that speaks about becoming successful in gambling? If so please I would love to read them to become successful in gambling became to me I am still floating when people keeps saying trading is gambling.
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@Stompix you are trying to make all things looks so complicated for me for your answer by saying trading is gambling. Is there any book sold out there that speaks about becoming successful in gambling?
Just go to any major bookseller and search for a guide or course on gambling there are hundreds of them, just as there are hundreds for lottery tickets and thousands for poker courses or blackjack.
Traders who think they have found a way to corner the market are just falling in the same category as gamblers who have found a "system", 90% of traders fail in the market, and trading companies are trying to hide that but in reality, there is no way to save your ass when the market goes wrong completely in a way never seen before, think of the great crashes when traders where committing suicide and think of events like oil going negative.
Every single bet is just your gamble that past performance as described by an indicator would be the same in the next day or month.
It's as simple as that!
Crypto traders are even worse, they fail to understand that most of those trades are not profitable because whatever TA they use, they are profitable because cryptos have gained in value immensely, even a hamster trading cryptocurrencies would have made money in a bull run.
https://www.npr.org/2021/09/25/1040683057/crypto-trading-hamster-goxx-warren-buffet-s-p-500
Anyone who says it's about knowledge and skill, good, show me the price for Bitcoin in a week a month, and a year based on your TA, and after first wondering why people despite using TA come with different answers let's see how off they were! Of course, traders don't like the comparison, it hurts their ego, but that's what they do, they gamble based on the past price just as people gamble based on Portugal's previous euro performance.
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Basically trading isn't about luck because it requires specific skills and experience. People mostly do spot trading, it surely doesn't rely on the luck because spot trading is fairly meSPAM BANble. However, if we try future trading, I can categorize it as luck-based trading. This type of trading can be called as about luck because we can lose all our money if we are not lucky in guessing the price. But when we can guess the price correctly, we can get a lot of profits.
Another trading type that can be categorized as luck-based trading is when we trade in random exchanges with random coins. Sometimes, this can be very profitable because the price of certain coins can be very high in certain exchanges. But it can be too risky if it is in unpopular exchanges. We may get a problem when we want to withdraw our funds/coins there.
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I don't believe in luck in trading, because if rely in it you are gambling. Meaning you don't have a system when you trade that you follow or if ever you have a plan, you are not really believe in it because you didn't backtest it well to determine if it's really a profitable strategy. Profitable traders also encounter losses even though they have a system, but because they rely on luck probably in the long run he will lose his port.
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Trading is not entirely about luck, but trading that is done correctly and in accordance with knowledge,
so the profit obtained from trading is thanks to technical and fundamental analysis.
Without these two analyses, trading cannot run perfectly.
Luck may only be about 20%, because psychology is also the cause of whether trading is successful or not.
People who only start trading with instinct alone without the basic knowledge of trading, it only relies on their guesswork.
Not understanding how the market works and when to enter and exit the market.
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Trading depends on predictions, but luck plays a big role at times as the market fluctuates constantly. Because if you don't have a good fortune you can't think of a potential and you will make wrong predictions. And if you have a good luck you can automatically make a possible prediction. While everyone accepts that luck is involved in gambling, no one wants to accept that it depends on luck in trading. But I feel that sometimes luck is needed in trading otherwise nothing good can be gained from trading. But luck doesn't matter when it comes to holding.
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@Stompix you are trying to make all things looks so complicated for me for your answer by saying trading is gambling. Is there any book sold out there that speaks about becoming successful in gambling?
Just go to any major bookseller and search for a guide or course on gambling there are hundreds of them, just as there are hundreds for lottery tickets and thousands for poker courses or blackjack.
Traders who think they have found a way to corner the market are just falling in the same category as gamblers who have found a "system", 90% of traders fail in the market, and trading companies are trying to hide that but in reality, there is no way to save your ass when the market goes wrong completely in a way never seen before, think of the great crashes when traders where committing suicide and think of events like oil going negative.
Every single bet is just your gamble that past performance as described by an indicator would be the same in the next day or month.
It's as simple as that!
Crypto traders are even worse, they fail to understand that most of those trades are not profitable because whatever TA they use, they are profitable because cryptos have gained in value immensely, even a hamster trading cryptocurrencies would have made money in a bull run.
https://www.npr.org/2021/09/25/1040683057/crypto-trading-hamster-goxx-warren-buffet-s-p-500
Anyone who says it's about knowledge and skill, good, show me the price for Bitcoin in a week a month, and a year based on your TA, and after first wondering why people despite using TA come with different answers let's see how off they were! Of course, traders don't like the comparison, it hurts their ego, but that's what they do, they gamble based on the past price just as people gamble based on Portugal's previous euro performance.
Well I believe we all learn every day and for that I can't really dispute what you said because I know you are reputed user the other forum and from your experience I believe you are correct, but however, gambling is more riskier than trading. All you said is correct there is no doubt but from what I sights people tends to avoid gambling than trading except for binary trade which is much dangerous than gambling itself. For cryptocurrency trading we know when price drop the value of token and coin remains the same but the unit and quantity also remain except for the price drop.
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Dealing up with trading isnt really that heavily relying on luck just like on gambling does but somehow in speaking about the need of it then it would really be that significant
because on the moment that you would really be making up some positions and no matter how good your technical and fundamental approach but still things turns out
to go south then everything would really be that useless. This is why it would really be that still significant but not something that you could heavily rely on.
Dont make yourself fixated on something which isnt really that depending into it 100%.
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Trading depends on predictions, but luck plays a big role at times as the market fluctuates constantly. Because if you don't have a good fortune you can't think of a potential and you will make wrong predictions. And if you have a good luck you can automatically make a possible prediction.
Traders make prediction based on their analysis or research, they don't only guess it without any reason. I think it is not about luck but it is about knowledge because we make analysis or research with our knowledge. If we have no knowledge, we will never can do analysis or research. Anyway, whether someone has a luck or not, everyone can make a prediction. But the prediction with no knowledge will be totally like gambling. This is not a characteristic of a trader who predict with zero knowledge.
While everyone accepts that luck is involved in gambling, no one wants to accept that it depends on luck in trading. But I feel that sometimes luck is needed in trading otherwise nothing good can be gained from trading. But luck doesn't matter when it comes to holding.
It is because luck in gambling is much different with the luck in trading. In gambling, you don't need anything when you play Slots. You don't need analysis or even research. But in trading, even you want to have luck, you can't do it if you have no knowledge at all. We can't deny that trading requires proper knowledge.
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In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Luck is indeed needed when you are trading, many people have different POVs about luck based on what religion they belief in or not. For example, as a Muslims, we know our fortune has been written like how much we will make and when we will die etc. But we can change our luck with effort and with prayer. So when we loss or gain profit on the basis of luck we say it was obvious, for example you did not performed any analysis and took entry.
That coin pumped due to some logical reason which you did not knew about, but you gained profit it was good luck, if you did not gained profit but loss then it was also in your luck to lose the funds. In such situation our religion teaches don't regret on what you have lost. If its lost then it was not in your destiny. I might be wrong in some points as I am not a scholar just shared my religious pov. Simply trading is not only based on luck you have to do TA and FA in order to make every or most of your trades successful.
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While everyone accepts that luck is involved in gambling, no one wants to accept that it depends on luck in trading. But I feel that sometimes luck is needed in trading otherwise nothing good can be gained from trading. But luck doesn't matter when it comes to holding.
It is because luck in gambling is much different with the luck in trading. In gambling, you don't need anything when you play Slots. You don't need analysis or even research. But in trading, even you want to have luck, you can't do it if you have no knowledge at all. We can't deny that trading requires proper knowledge.
Luck is something that I think will always be present in our lives, but we have to be able to distinguish whether what we do is something that depends entirely on luck or not.
As you said, luck here is different from gambling. In gambling it could be said that 99% or even 100% depends on luck, especially when it comes to slot games. However, in trading we do business such as analyzing and that is what invites luck.
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In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Luck is indeed needed when you are trading, many people have different POVs about luck based on what religion they belief in or not. For example, as a Muslims, we know our fortune has been written like how much we will make and when we will die etc. But we can change our luck with effort and with prayer. So when we loss or gain profit on the basis of luck we say it was obvious, for example you did not performed any analysis and took entry.
That coin pumped due to some logical reason which you did not knew about, but you gained profit it was good luck, if you did not gained profit but loss then it was also in your luck to lose the funds. In such situation our religion teaches don't regret on what you have lost. If its lost then it was not in your destiny. I might be wrong in some points as I am not a scholar just shared my religious pov. Simply trading is not only based on luck you have to do TA and FA in order to make every or most of your trades successful.
Talking about religion, I must say there is no connection that link luck from any to trading, what I know and think about is proper guidance research and effective focusing to know what you are doing. I am also I believer but that doesn't chained to luck as everyone is luck of their own depending on how useful they are to themselves. Luck is random it may come to you or the next person it does not defines when it gonna come to you because if you do you would be more prepared waiting for it in a bigger way to celebrate it but this, it comes unannounced or unknown but you would be surprised that what you did has given you something you didn't expect or hope for. That's why I removed religious in most of the things I do, when it's time to speak with my creator I go directly or i go where it's meant to be and do my religious activities.
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Dealing up with trading isnt really that heavily relying on luck just like on gambling does but somehow in speaking about the need of it then it would really be that significant
because on the moment that you would really be making up some positions and no matter how good your technical and fundamental approach but still things turns out
to go south then everything would really be that useless. This is why it would really be that still significant but not something that you could heavily rely on.
Dont make yourself fixated on something which isnt really that depending into it 100%.
I don't think I see why you are a trader and you be praying for luck it does not sound right to me because you luck should be your analysis because if trading was based on luck then no body would have asked anyone to learn how to do analysis. Because even with the analysis you can not get hundred percent but how you take note of things and pay attention is very important. Their is no way you do all this thing without knowledge. Because people that are making profits well you won't tell me that they are relying only on luck and do things carelessly trading does not work that way. It is beyond what we imagine at times. It is better to learn.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Trading is about both luck and knowledge because your knowledge is necessary in order to choose a profitable coin while the market conditions will remain better if you are lucky. Knowledge is necessary in trading and we should not completely focus on luck because our knowledge can be helpful to avoid scam projects.
Trading requires skills and knowledge and sometimes your luck is also needed to make you profitable so I think we cannot say that luck is not involved in trading but I will suggest that first learn well, get knowledge, choose coins according to your knowledge so you will see that your knowledge and luck both play a vital role in your success.
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Luck is indeed needed when you are trading, many people have different POVs about luck based on what religion they belief in or not. For example, as a Muslims, we know our fortune has been written like how much we will make and when we will die etc. But we can change our luck with effort and with prayer. So when we loss or gain profit on the basis of luck we say it was obvious, for example you did not performed any analysis and took entry.
That coin pumped due to some logical reason which you did not knew about, but you gained profit it was good luck, if you did not gained profit but loss then it was also in your luck to lose the funds. In such situation our religion teaches don't regret on what you have lost. If its lost then it was not in your destiny. I might be wrong in some points as I am not a scholar just shared my religious pov. Simply trading is not only based on luck you have to do TA and FA in order to make every or most of your trades successful.
It sounds reasonable, but belief in luck and coincidences is erroneous.
In your case, I wouldn't say that this is luck, but Blessing. There are no coincidences and luck in the universe.
Trading is a science of probability based on numbers and statistics, and a good trader will analyze and research properly, but if done incorrectly it is gambling.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Sometimes trading also works with someone's luck and the one fellow who said that she made fortune because she was lucky wasn't a lie, but in most cases luck isn't much needed when to have a good trading plan and a proper trading strategy.
I've been a trader for long time and I have never relied on luck when it comes to trading. I'm not sure about futures traders but spot traders don't really have to depend on luck to have profitable and winning trades because a proper plan with a proper strategy is enough.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Trading is about both luck and knowledge because your knowledge is necessary in order to choose a profitable coin while the market conditions will remain better if you are lucky. Knowledge is necessary in trading and we should not completely focus on luck because our knowledge can be helpful to avoid scam projects.
Trading requires skills and knowledge and sometimes your luck is also needed to make you profitable so I think we cannot say that luck is not involved in trading but I will suggest that first learn well, get knowledge, choose coins according to your knowledge so you will see that your knowledge and luck both play a vital role in your success.
Yes knowledge is power and to succeed in trading we need knowledge and skills, the skills comes after having accumulated enough knowledge to start with, now luck can come when you invested in a coin that pump so hard to some certain price level and at this point you may decide to sell it off and make your profit from it at this point we can say is luck.
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Dealing up with trading isnt really that heavily relying on luck just like on gambling does but somehow in speaking about the need of it then it would really be that significant
because on the moment that you would really be making up some positions and no matter how good your technical and fundamental approach but still things turns out
to go south then everything would really be that useless. This is why it would really be that still significant but not something that you could heavily rely on.
Dont make yourself fixated on something which isnt really that depending into it 100%.
I don't think I see why you are a trader and you be praying for luck it does not sound right to me because you luck should be your analysis because if trading was based on luck then no body would have asked anyone to learn how to do analysis. Because even with the analysis you can not get hundred percent but how you take note of things and pay attention is very important. Their is no way you do all this thing without knowledge. Because people that are making profits well you won't tell me that they are relying only on luck and do things carelessly trading does not work that way. It is beyond what we imagine at times. It is better to learn.
If you are someone whose a noob and just that directly seeing those huge trade gains on the internet then you would really be that definitely be having that kind of thinking that this is some
sort of gambling on which you would really be needing up that luck for you to be able to have that good chance on making good trades. Just like on what i had said above that luck would really be that still something significant on which we know that no matter how good your TA or FA is but if the market would really be going into the opposite side then it would really be that still useless.
This is why it would really be always best that you should really know on how to deal with it and not to make yourself that too delusional about making money too easily.
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Luck is something that I think will always be present in our lives, but we have to be able to distinguish whether what we do is something that depends entirely on luck or not.
I don't deny the luck factor, it is a part of our success in life. However, we must do anything in the right way if we want to get the luck. If we do it in the wrong way, it is impossible to get the luck. To do it in the right way, we must have proper knowledge. So that's why knowledge has a crucial role in this matter.
As you said, luck here is different from gambling. In gambling it could be said that 99% or even 100% depends on luck, especially when it comes to slot games. However, in trading we do business such as analyzing and that is what invites luck.
Of course, in certain gambling games, it totally relies on the luck. But in trading, knowledge is the most important thing because it determines the success in trading. Even the luck is a part of trading but we can't rely on the luck to succeed if we have lack of knowledge. This is the different, knowledge is everything in trading.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Sometimes trading also works with someone's luck and the one fellow who said that she made fortune because she was lucky wasn't a lie, but in most cases luck isn't much needed when to have a good trading plan and a proper trading strategy.
I've been a trader for long time and I have never relied on luck when it comes to trading. I'm not sure about futures traders but spot traders don't really have to depend on luck to have profitable and winning trades because a proper plan with a proper strategy is enough.
Well I know future trading is not about luck but is about the market forces and how the news affects the traded currencies to effects on the market. This includes those who trades on Binary options also do not need luck but rather need news to control market positively to have good results.
Those who relies on luck are those who are investing into shitcoin and would always prayed for fortune to hit their coin price so high so that they could sell and make good profits.
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Hmm, If trading is all about luck when what's the difference between trading and gambling/betting, i think Luck can be considered as a minor part of your trade as, yup i do consider if you are lucky enough to choose or target a good asset it can increase the chances of your trades success. But if trading is completely about Luck then why are there so many patterns, strategies, risk management, and most importantly psychology?
All these terms together create a foolproof analysis in which traders spend the maximum of their time to shine their skills for better decision-making and trade execution.
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As you said, luck here is different from gambling. In gambling it could be said that 99% or even 100% depends on luck, especially when it comes to slot games. However, in trading we do business such as analyzing and that is what invites luck.
Of course, in certain gambling games, it totally relies on the luck. But in trading, knowledge is the most important thing because it determines the success in trading. Even the luck is a part of trading but we can't rely on the luck to succeed if we have lack of knowledge. This is the different, knowledge is everything in trading.
That's right, knowledge is everything, not just in trading but in all aspects of our lives. With knowledge everything will run better than before and this is something we must really pay attention to.
Without knowledge, perhaps we will not find a way to walk towards the success we have always wanted. And with that knowledge it will guide our every step to success. For me everything will be fine if we have knowledge.
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Well I know future trading is not about luck but is about the market forces and how the news affects the traded currencies to effects on the market. This includes those who trades on Binary options also do not need luck but rather need news to control market positively to have good results.
Those who relies on luck are those who are investing into shitcoin and would always prayed for fortune to hit their coin price so high so that they could sell and make good profits.
Some people may consider future trading is about luck because of its risk. In future, sometimes we lose all our funds if we make the wrong prediction in the price. But we can get a lot of profits whenever we successfully predict the price. It is so much different than the spot trading, we won't lose all the funds as long as the coins are still listed on the exchanges. We only experience the decrease of the value of our assets in spot trading.
Sure, investing in shitcoins is also about luck. If they can be listed on top exchanges, we can get huge profits. But if they become dead coins, we lose all our money. It is not so different than future trading, the risk is losing all the funds if we make a mistake.
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Saying that "if you know what you are doing, then it is not about luck" is a bit of a cheap shot, because even professionals who spent decades in the markets could make mistakes, its just natural, and sometimes you think you have a shot and you take and you turn out to be right. Even people who obsessed over some trades, and turned out right and made billions? Those people were still lucky, because things could have gone any way. The best thing to realize is that, while knowing what to do is %90 of the job, saying that luck plays zero role would be unfair and it would be very logical to assume that everyone needs a little luck on their side at all times.
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Sure, investing in shitcoins is also about luck. If they can be listed on top exchanges, we can get huge profits. But if they become dead coins, we lose all our money. It is not so different than future trading, the risk is losing all the funds if we make a mistake.
The important thing is not to put all the money you have into Shitcoin, it will give you a tremendous loss typing just so the shitcoin will be thrown away without listing on any Cex.
It is necessary to provide an appropriate allocation if you want to enter shitcoin and not be too FOMO to enter at a high price.
Luck must be created with full awareness and must be done with research before entering shitcoin.
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Yes knowledge is power and to succeed in trading we need knowledge and skills, the skills comes after having accumulated enough knowledge to start with, now luck can come when you invested in a coin that pump so hard to some certain price level and at this point you may decide to sell it off and make your profit from it at this point we can say is luck.
Without knowledge we cannot think about our success because it is the key to success but sometimes people learn everything but still they are in loss and the reason is that their luck does not co-operate and the selected coin decreases a lot.
Sometimes people make lots of money from a coin which is considered less worthy and sometimes the top coin cannot give you anything which means that knowledge is not everything but luck also has the power to give you something better. Getting knowledge is necessary but also remember that if you are not lucky then you cannot earn well so therefore try your best to get Knowledge but don't get distressed if you don't succeed because trying again can be more worthy for you.
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Talking about religion, I must say there is no connection that link luck from any to trading, what I know and think about is proper guidance research and effective focusing to know what you are doing. I am also I believer but that doesn't chained to luck as everyone is luck of their own depending on how useful they are to themselves. Luck is random it may come to you or the next person it does not defines when it gonna come to you because if you do you would be more prepared waiting for it in a bigger way to celebrate it but this, it comes unannounced or unknown but you would be surprised that what you did has given you something you didn't expect or hope for. That's why I removed religious in most of the things I do, when it's time to speak with my creator I go directly or i go where it's meant to be and do my religious activities.
Luck is a religious topic, I might not be able to use the right words to link luck with religious beliefs, but it is linked. And yeah I can't agree more with you that, if you do not put in the effort then you can't get what you are working for. I mean in your luck, you have to eat an apple. You still have to make some effort, like chewing it.
Everyone has to make some effort in order to get something even written in his luck. And I said not everything is written in luck, but a few things, like food, death,, etc. (I don't know any other thing besides these two). So, in order to get profit from the trade, you have to be logical about it, must have some skills, or knowledge as without knowledge you can only make one or two trades with profits out of 20 trades. Only in spot.
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Yes knowledge is power and to succeed in trading we need knowledge and skills, the skills comes after having accumulated enough knowledge to start with, now luck can come when you invested in a coin that pump so hard to some certain price level and at this point you may decide to sell it off and make your profit from it at this point we can say is luck.
Without knowledge we cannot think about our success because it is the key to success but sometimes people learn everything but still they are in loss and the reason is that their luck does not co-operate and the selected coin decreases a lot.
Sometimes people make lots of money from a coin which is considered less worthy and sometimes the top coin cannot give you anything which means that knowledge is not everything but luck also has the power to give you something better. Getting knowledge is necessary but also remember that if you are not lucky then you cannot earn well so therefore try your best to get Knowledge but don't get distressed if you don't succeed because trying again can be more worthy for you.
In trading one must not try once and quit if you think that those who succeeded in trading today tried just once then we can't have lot of traders out there. People are excelling into trading today because tried ones and they fails then they have to seat up and strategized themselves more better and acquire all necessary skills to sharpen their trading career even as that we can't still deal away with luck because is the major key player here.
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Here I want to say that in terms of future trading we can say it depend on luck but in case of general spot trading I don't want to say it depend fully luck here if the trader make good analysis skill they can earn use by their skill. But those public who don't have any skill and want to trade in that case I will say trading all about luck like the gambling,
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Yes knowledge is power and to succeed in trading we need knowledge and skills, the skills comes after having accumulated enough knowledge to start with, now luck can come when you invested in a coin that pump so hard to some certain price level and at this point you may decide to sell it off and make your profit from it at this point we can say is luck.
Without knowledge we cannot think about our success because it is the key to success but sometimes people learn everything but still they are in loss and the reason is that their luck does not co-operate and the selected coin decreases a lot.
Sometimes people make lots of money from a coin which is considered less worthy and sometimes the top coin cannot give you anything which means that knowledge is not everything but luck also has the power to give you something better. Getting knowledge is necessary but also remember that if you are not lucky then you cannot earn well so therefore try your best to get Knowledge but don't get distressed if you don't succeed because trying again can be more worthy for you.
In trading one must not try once and quit if you think that those who succeeded in trading today tried just once then we can't have lot of traders out there. People are excelling into trading today because tried ones and they fails then they have to seat up and strategized themselves more better and acquire all necessary skills to sharpen their trading career even as that we can't still deal away with luck because is the major key player here.
A trader must try again and again. Many times a trader cannot be successful even if he is skilled in trading. And if one gives up after trying once or twice, he will never reach his goal. I can compare trading with luck but in all cases luck cannot play any role. If one cannot do analysis especially while doing spot trading then he will not get the desired result in trading. A trader can get good profit by applying skill and experience and strategy. So in all cases I cannot compare trading with luck.
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In trading one must not try once and quit if you think that those who succeeded in trading today tried just once then we can't have lot of traders out there. People are excelling into trading today because tried ones and they fails then they have to seat up and strategized themselves more better and acquire all necessary skills to sharpen their trading career even as that we can't still deal away with luck because is the major key player here.
A trader must try again and again. Many times a trader cannot be successful even if he is skilled in trading. And if one gives up after trying once or twice, he will never reach his goal. I can compare trading with luck but in all cases luck cannot play any role. If one cannot do analysis especially while doing spot trading then he will not get the desired result in trading. A trader can get good profit by applying skill and experience and strategy. So in all cases I cannot compare trading with luck.
Everyone has there own way of view and what they need I mean the kind of results they wanted in trading and for them to have such results they needs to develop themselves to put that smile on their faces by exploring the best technique for effective trading. Like I said luck is also needed even though that person knows all the fundamentals that concerns trading yet has no luck then it could be very hard for that person to succeed.
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It cannot be denied that luck is quite an influence on trading. However, luck is not all about the things that make us successful in trading. Luck is a bonus for what we have tried and done. It's impossible for us to succeed because of continuous luck, right? Luck usually only happens a few times. but if we do it many times, it's not just luck, but we do have the ability to do it very well, which maybe we didn't expect.
In essence, tarding is a unity starting from thorough preparation both in terms of:
- Psychology (emotional management)'
- Funds (money readiness and financial management)
- Knowledge (readiness of knowledge and insight related to various things to develop the most appropriate strategy for us as traders)
- Risk management (This is also very important when having risk management to reduce the possibility of loss and increase the possibility of gain)
Those lists are part of some other factors.
Well, this combination of things can at least help us to be better prepared to carry out trading. And if we succeed, it will be because of our efforts. Even though there is a luck factor, it is an additional factor that makes us more successful, but it is not continuous with luck, right?
unless we have no readiness at all in trading and we win occasionally, that's just because of luck. But I personally believe that it is better if we are better prepared before we place the bet. Because luck cannot be relied on, it's just a bonus. So we can't rely on profits from trading just because of luck.
Read also more information in here:
https://www.linkedin.com/pulse/trading-success-quantifiedstrategies-bae9c
https://www.investopedia.com/articles/trading/10/top-ten-rules-for-trading.asp
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In trading one must not try once and quit if you think that those who succeeded in trading today tried just once then we can't have lot of traders out there. People are excelling into trading today because tried ones and they fails then they have to seat up and strategized themselves more better and acquire all necessary skills to sharpen their trading career even as that we can't still deal away with luck because is the major key player here.
A trader must try again and again. Many times a trader cannot be successful even if he is skilled in trading. And if one gives up after trying once or twice, he will never reach his goal. I can compare trading with luck but in all cases luck cannot play any role. If one cannot do analysis especially while doing spot trading then he will not get the desired result in trading. A trader can get good profit by applying skill and experience and strategy. So in all cases I cannot compare trading with luck.
Everyone has there own way of view and what they need I mean the kind of results they wanted in trading and for them to have such results they needs to develop themselves to put that smile on their faces by exploring the best technique for effective trading. Like I said luck is also needed even though that person knows all the fundamentals that concerns trading yet has no luck then it could be very hard for that person to succeed.
Results are something that you cant really be able to know on where it would really be that ending up on which it would really be that somewhat very normal in trading due to unpredictability of the market on which it would really be something that understandable. Luck would might still be that relevant in speaking about trading but doesnt mean that you would really be that heavily relying on it. We do know that when it comes into this manner on which you would really be that needing up to have those best approach about knowing technical and fundamentals on which this is something more better and recommended rather than on making yourself that being delusional and really thinking that you could rely on luck.
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Here I want to say that in terms of future trading we can say it depend on luck but in case of general spot trading I don't want to say it depend fully luck here if the trader make good analysis skill they can earn use by their skill. But those public who don't have any skill and want to trade in that case I will say trading all about luck like the gambling,
Luck does seem like the main factor in making a profit from Cryptocurrency, but you need to know, not all luck can be obtained easily. Trading requires time and energy to analyze price movements of the coin you want to buy. Unless we are whales who have unlimited money, we can buy coins without having to make too many considerations. In contrast to gambling, which in my opinion has a higher risk, when we guess wrongly about coin price movements, all the capital we use will be liquidated and lost instantly.
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Re: Is trading all about luck?
While luck can help sometimes, luck alone isn't enough for a trader to become a successful one. There are 3 key factors that a trader must have in order for them to become successful.
1. Skill
2. Strategy
3. Discipline.
I guess there's no need for a long explanation for those 3 because we know it already. We need to have the skills needed, and aside from that, we need to have a strategy that will help us in our trading journey. The most important one is the discipline because being disciplined means not letting your emotions make your trades. Being disciplined means sticking to your plans to avoid further losses.
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Some people may consider future trading is about luck because of its risk. In future, sometimes we lose all our funds if we make the wrong prediction in the price. But we can get a lot of profits whenever we successfully predict the price. It is so much different than the spot trading, we won't lose all the funds as long as the coins are still listed on the exchanges.
Sure, investing in shitcoins is also about luck. If they can be listed on top exchanges, we can get huge profits. But if they become dead coins, we lose all our money. It is not so different than future trading, the risk is losing all the funds if we make a mistake.
Yeah that's actually the deference between spots trading and future trading because I consider future as the most risky trading compare to spot because just like you said in future trading knowledge is fundamental because you need to understand the technical analysis and also be able to understand the trend of the chart so you can be able to have an insight of the market direction and of course is totally not advisable for people who start cryptocurrency new because in future trading is very easy for someone to blow his account.
In other words spot is somehow easy because of how it works and there is no way someone will lose his funds while doing spot trading but however the only thing about spot is that if the market is going against your entry point you will have to wait till you start running on profit before you could sell and wait for another entry point, so the only risk there is if someone invest on a wrong coin and it rug pulled.
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Saying that "if you know what you are doing, then it is not about luck" is a bit of a cheap shot, because even professionals who spent decades in the markets could make mistakes, its just natural, and sometimes you think you have a shot and you take and you turn out to be right. Even people who obsessed over some trades, and turned out right and made billions? Those people were still lucky, because things could have gone any way. The best thing to realize is that, while knowing what to do is %90 of the job, saying that luck plays zero role would be unfair and it would be very logical to assume that everyone needs a little luck on their side at all times.
Luck is a statistical measure that can be classified in negative values, in fact it is colloquially known as bad luck, oops, nothing profound here.
If we start there, we are in serious trouble, any activity depends on disorder, but in the majority of activities these facts are statistically calculable, in other words if you do not achieve success it is not due to bad luck and if you achieve success it is thanks to good luck.
Luck is called variance, or is it volatility,?, do you know the difference between variance and volatility? :)
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hmm, dear, you raised good points, which I also agree with. We all know that no one can time the market so accurately or 100% accurately, right? so luck somehow matters in this way what do you think? on the same side one who has insufficient knowledge about the crypto space and just try to generate profit from the market, then this is such a strong fact that he/ she is doing gambling without zero knowledge and totally based on the luck.
But if one who has good knowledge about the market sentiments and has good experience in the crypto space, the scene will be different for him or her. Do you agree with this or not? as i would like to know your opinion on this, Must share your opinion.
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hmm, dear, you raised good points, which I also agree with. We all know that no one can time the market so accurately or 100% accurately, right? so luck somehow matters in this way what do you think? on the same side one who has insufficient knowledge about the crypto space and just try to generate profit from the market, then this is such a strong fact that he/ she is doing gambling without zero knowledge and totally based on the luck.
But if one who has good knowledge about the market sentiments and has good experience in the crypto space, the scene will be different for him or her. Do you agree with this or not? as i would like to know your opinion on this, Must share your opinion.
Apart from luck, manipulation and early access to the movements of big investors is one of the main conditions for being able to recognize the market better... we will more easily get profits when we are always updated about the movements of big people at an earlier time.
For people who do not have all the information, including analysis,... it is nothing but gambling to force our luck to be there... and for people who know about the movements of whales to start manipulating early, it is no longer luck, but an action profitable.
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Luck does seem like the main factor in making a profit from Cryptocurrency, but you need to know, not all luck can be obtained easily. Trading requires time and energy to analyze price movements of the coin you want to buy. Unless we are whales who have unlimited money, we can buy coins without having to make too many considerations. In contrast to gambling, which in my opinion has a higher risk, when we guess wrongly about coin price movements, all the capital we use will be liquidated and lost instantly.
I will divide people's luck into two parts in this case like- 1. "One type of luck it depends only on your luck" 2. "Secondly I will say that luck in this case brings success only when there is hardwork or skill". And trading is like the description number two, you will have good luck in trading only when you are skillful and hardworking will give time. Otherwise I will call trading depending on luck without skill as anything but gambling and that will lead you towards failure.
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hmm, dear, you raised good points, which I also agree with. We all know that no one can time the market so accurately or 100% accurately, right? so luck somehow matters in this way what do you think? on the same side one who has insufficient knowledge about the crypto space and just try to generate profit from the market, then this is such a strong fact that he/ she is doing gambling without zero knowledge and totally based on the luck.
But if one who has good knowledge about the market sentiments and has good experience in the crypto space, the scene will be different for him or her. Do you agree with this or not? as i would like to know your opinion on this, Must share your opinion.
Apart from luck, manipulation and early access to the movements of big investors is one of the main conditions for being able to recognize the market better... we will more easily get profits when we are always updated about the movements of big people at an earlier time.
For people who do not have all the information, including analysis,... it is nothing but gambling to force our luck to be there... and for people who know about the movements of whales to start manipulating early, it is no longer luck, but an action profitable.
Yeah you are right.. those who knows about the movement of the whales and follows them correctly can actually make good profits where it turns to gambling because when you follow and do the same then it's sure that one would make profits after their manipulation. Anyone who does this can make it for long time.
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Apart from luck, manipulation and early access to the movements of big investors is one of the main conditions for being able to recognize the market better... we will more easily get profits when we are always updated about the movements of big people at an earlier time.
For people who do not have all the information, including analysis,... it is nothing but gambling to force our luck to be there... and for people who know about the movements of whales to start manipulating early, it is no longer luck, but an action profitable.
Yes, the factor of whales has a big role in crypto. The can shake the market because they have the power to do it. That's why they can make the manipulation in crypto market. Sure, we must know their movement and we must update the information about them. If we do something against their movement, we may get losses. For example when the whales want to dump the market, we don't target to sell our coins but we are preparing to buy coins. We sometimes must adjust our plan with the possibility of the movement of whales.
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Yes, the factor of whales has a big role in crypto. The can shake the market because they have the power to do it. That's why they can make the manipulation in crypto market. Sure, we must know their movement and we must update the information about them. If we do something against their movement, we may get losses. For example when the whales want to dump the market, we don't target to sell our coins but we are preparing to buy coins. We sometimes must adjust our plan with the possibility of the movement of whales.
This is also an opportunity for smart traders to gain profit. Because whales cannot maintain market manipulation all the time, the effect of whales on the market is very short and then the market moves forward again at its own pace. So for this reason many traders follow the activity of whales in order to complete trades according to their activity and take proper advantage of their market manipulation. Although not all traders will be able to do this because analysis is required to understand the activity of these whales or how their activity will impact the market, not possible for a normal trader. For this, the trader must have knowledge about technical analysis.
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Although not all traders will be able to do this because analysis is required to understand the activity of these whales or how their activity will impact the market, not possible for a normal trader. For this, the trader must have knowledge about technical analysis.
Technical and fundamental analysis is also very important, all the latest news about crypto will match the technicalities that are carried out, everything seems to go hand in hand so that the trend will change by fundamentals.
Whales may be manipulating but it is only temporary.
Following the whales' movements will help us get caught up in a downtrend, the whales' move is a warning.
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Yes, the factor of whales has a big role in crypto. The can shake the market because they have the power to do it. That's why they can make the manipulation in crypto market. Sure, we must know their movement and we must update the information about them. If we do something against their movement, we may get losses. For example when the whales want to dump the market, we don't target to sell our coins but we are preparing to buy coins. We sometimes must adjust our plan with the possibility of the movement of whales.
They have the power because they don't make small traders but they always choose to trade on a large scale with the buying and selling of which the value of the whole market changes. But these changes are not forever because they can decrease the value of all the coins so they can also change the price to enhance by buying at a huge percentage.
We should move according to the fluctuations taking place in the market and should not be scared when we see a huge dip in the worth because this is all for the entrance into the market and in similar condition whales will also buy different coins and the market can go higher so do the same as conditions are going.
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Although not all traders will be able to do this because analysis is required to understand the activity of these whales or how their activity will impact the market, not possible for a normal trader. For this, the trader must have knowledge about technical analysis.
Technical and fundamental analysis is also very important, all the latest news about crypto will match the technicalities that are carried out, everything seems to go hand in hand so that the trend will change by fundamentals.
Whales may be manipulating but it is only temporary.
Following the whales' movements will help us get caught up in a downtrend, the whales' move is a warning.
On the moment that you would really be setting up your foot into this space then it would really be that something that will really be able to realize on how crucial on to know
those analysis specially technical and additional with those fundamentals on which these things would really be that relevant for you to know so that you could
be able to make yourself that survive into this volatile and unpredictable space. You cant just that make yourself that trade and be profitable on just
relying on luck on which we know that this isnt gambling in the first place. Although its risky but you could be having that kind of approach on which
you could really be having that advantage.
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Technical and fundamental analysis is also very important, all the latest news about crypto will match the technicalities that are carried out, everything seems to go hand in hand so that the trend will change by fundamentals.
Whales may be manipulating but it is only temporary.
Following the whales' movements will help us get caught up in a downtrend, the whales' move is a warning.
You are right that technical analysis and fundamental analysis are both very important for trading. The more these two analysis skills, the more profit he can get from trading. What I meant in my previous post is that even those newbies who don't know technical analysis can follow the DCA method and earn profits by investing in bitcoin if they have some basic knowledge.
And in case following whale movement tracking can be more dangerous if the trader have not the wise brain. Because the way whales want to manipulate the market, in this case it is possible to use this power to against them for gaining profit by trading. But in this case danger and risk are very high.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
When you prepare too well, nothing beats yourl again in the game and that is what trading is about. When you combine technical and fundamental analysis together, the next thing you look upto is expectation of your call but sometimes the way market react is different and where you expect to get 10% on a trade, you can get 50% sometimes, that's how I see trading.
Equally, it's not every call you make that will give you what you want, in a day if you predict 10 trades with expectations of going up, 9 may give you the expectation but in a situation where market isn't that too healthy, you will probably earn nothing much. This wins is the way I see trading as luck often.
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When you prepare too well, nothing beats yourl again in the game and that is what trading is about. When you combine technical and fundamental analysis together, the next thing you look upto is expectation of your call but sometimes the way market react is different and where you expect to get 10% on a trade, you can get 50% sometimes, that's how I see trading.
Equally, it's not every call you make that will give you what you want, in a day if you predict 10 trades with expectations of going up, 9 may give you the expectation but in a situation where market isn't that too healthy, you will probably earn nothing much. This wins is the way I see trading as luck often.
Knowledge is the main thing, but we also cannot separate it from luck. For example, when we have analyzed well, whether technical or fundamental, then market sentiment says differently, that is also something related to luck in my opinion, because at the beginning we did well, but the market didn't.
But here the main point is knowledge, because for me when our knowledge is very good in analyzing, then luck will also come to us.
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I do not agree with that at all. Luck is like when you predict something that may go a certain way, and you have zero knowledge about it. I call it luck. But a person who has deep knowledge about any cryptocurrency, does analysis before entering the market, and makes decisions about buying or selling is not relying on luck, bro. This is trading. Those people who have zero knowledge and are unable or lack the capability to understand can spread rumors that trading is all about luck. Don't listen to these kinds of people, focus on your own goals and trust your skills.
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Knowledge is the main thing, but we also cannot separate it from luck. For example, when we have analyzed well, whether technical or fundamental, then market sentiment says differently, that is also something related to luck in my opinion, because at the beginning we did well, but the market didn't.
But here the main point is knowledge, because for me when our knowledge is very good in analyzing, then luck will also come to us.
Of course, knowledge is the most crucial thing in trading. But it is true that sometimes the luck factor may bring an impact for the success in trading. However, it is impossible to have luck if we don't know to trade in the right way. This requires good knowledge to trade in the right way.
Yep, we need to analyze and do research in trading. If we have no sufficient knowledge, we can't do analysis or research. If we have no ability to do it, we can trade with the best way. How we can get luck if we are unable to trade in the right way. ;)
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Knowledge is the main thing, but we also cannot separate it from luck. For example, when we have analyzed well, whether technical or fundamental, then market sentiment says differently, that is also something related to luck in my opinion, because at the beginning we did well, but the market didn't.
But here the main point is knowledge, because for me when our knowledge is very good in analyzing, then luck will also come to us.
Of course, knowledge is the most crucial thing in trading. But it is true that sometimes the luck factor may bring an impact for the success in trading. However, it is impossible to have luck if we don't know to trade in the right way. This requires good knowledge to trade in the right way.
Yep, we need to analyze and do research in trading. If we have no sufficient knowledge, we can't do analysis or research. If we have no ability to do it, we can trade with the best way. How we can get luck if we are unable to trade in the right way. ;)
That's the point, when we don't have proper knowledge about trading, luck will run away. And even if we trade without knowledge, it is the same as gambling.
Sometimes people also say that trading is the same as gambling, yes it is the same if we trade without knowledge. However, if we master everything related to trading, then it is not the same as gambling.
That's a pretty basic difference that we can differentiate easily in my opinion.,
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Yes, the factor of whales has a big role in crypto. The can shake the market because they have the power to do it. That's why they can make the manipulation in crypto market. Sure, we must know their movement and we must update the information about them. If we do something against their movement, we may get losses. For example when the whales want to dump the market, we don't target to sell our coins but we are preparing to buy coins. We sometimes must adjust our plan with the possibility of the movement of whales.
This is also an opportunity for smart traders to gain profit. Because whales cannot maintain market manipulation all the time, the effect of whales on the market is very short and then the market moves forward again at its own pace. So for this reason many traders follow the activity of whales in order to complete trades according to their activity and take proper advantage of their market manipulation. Although not all traders will be able to do this because analysis is required to understand the activity of these whales or how their activity will impact the market, not possible for a normal trader. For this, the trader must have knowledge about technical analysis.
Great whale traders can change the momentum of the market. So sometimes technical analysis is not useful. Success in trading depends on various strategies and sometimes luck also plays a big role. Trading risks a lot of losses here. No one can completely avoid loss. So trading can be called luck but it is not always luck. Because unique strategies and analysis can bring success in trading.
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treading is not all about luck, it is more of how we know and understand trading and it different categories, the strategies to adopt for making trades as well as the useful indicators and timing for it, though we may also accept that trading is also a luck inclusive factor because some may just enter into one and find the luck in it that after their investment they earn from their trades.
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treading is not all about luck, it is more of how we know and understand trading and it different categories, the strategies to adopt for making trades as well as the useful indicators and timing for it, though we may also accept that trading is also a luck inclusive factor because some may just enter into one and find the luck in it that after their investment they earn from their trades.
That last phrase (words), profits in a row, it is the long-held belief of any spot order (or future) well, the situation there is a RoI, which eventually affects your bankroll, +,- as appropriate, You can't simply measure yourself by continuous profits.
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Great whale traders can change the momentum of the market. So sometimes technical analysis is not useful. Success in trading depends on various strategies and sometimes luck also plays a big role. Trading risks a lot of losses here. No one can completely avoid loss. So trading can be called luck but it is not always luck. Because unique strategies and analysis can bring success in trading.
I am going to agreeing with you in this point because market can be fluctuated anytime and that's why even a professional trader face loss sometimes. I have read so many article and saw many professional analysts that they say they also faced many time on their trading. And that is why trading are risky but in case of them it much lower than a newbie on trading. So we cannot understand it that technical analysis on trading.
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Trading is not all about luck, it is more of how we know and understand trading and it different categories, the strategies to adopt for making trades as well as the useful indicators and timing for it, though we may also accept that trading is also a luck inclusive factor because some may just enter into one and find the luck in it that after their investment they earn from their trades.
You are correct! Trading is all about technical skills and good, working strategies to grow one's portfolio. I think only unsuccessful traders will ever tell us that lady luck has never been at their sides. Now, with that said, it is clear that in trading there is a big learning curve and usually big successful traders are already experienced ones...meaning they already saw the ups and downs of trading so they are more adept to any possible market changes. One should invest here time, patience and of course some capital to be successful one day. Well, of course, in life there can be a small element of luck but this luck is not reliable if one is not prepared and ready with necessary skills needed to be a good trader.
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Knowledge is the main thing, but we also cannot separate it from luck. For example, when we have analyzed well, whether technical or fundamental, then market sentiment says differently, that is also something related to luck in my opinion, because at the beginning we did well, but the market didn't.
But here the main point is knowledge, because for me when our knowledge is very good in analyzing, then luck will also come to us.
Of course, knowledge is the most crucial thing in trading. But it is true that sometimes the luck factor may bring an impact for the success in trading. However, it is impossible to have luck if we don't know to trade in the right way. This requires good knowledge to trade in the right way.
Yep, we need to analyze and do research in trading. If we have no sufficient knowledge, we can't do analysis or research. If we have no ability to do it, we can trade with the best way. How we can get luck if we are unable to trade in the right way. ;)
That's the point, when we don't have proper knowledge about trading, luck will run away. And even if we trade without knowledge, it is the same as gambling.
Sometimes people also say that trading is the same as gambling, yes it is the same if we trade without knowledge. However, if we master everything related to trading, then it is not the same as gambling.
That's a pretty basic difference that we can differentiate easily in my opinion.,
Apricated, there are large number of people think that trading is an easy task. But those who actually trade certainly don't see it is simply. I think trading is a platform that is a battle ground for intellectuals. They analyze, observe and capitalize on various news sources. It is not difficult to understand how difficult the task can be if one wants to profit from this. Trading is not gambling to those who have knowledge and those who have no knowledge rely on luck and can consider as gambling.
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Apricated, there are large number of people think that trading is an easy task. But those who actually trade certainly don't see it is simply. I think trading is a platform that is a battle ground for intellectuals. They analyze, observe and capitalize on various news sources. It is not difficult to understand how difficult the task can be if one wants to profit from this. Trading is not gambling to those who have knowledge and those who have no knowledge rely on luck and can consider as gambling.
You are absolutely right, trading is a battleground for traders. Surviving this battle is not an easy task. But it is not too difficult for those who are real traders, they can easily win this battle, because they have become experts by doing this battle, that is, experts in trading, they can easily from trading earn a good profit. So don't leave trading entirely to luck, there is a need for skill.
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That's the point, when we don't have proper knowledge about trading, luck will run away. And even if we trade without knowledge, it is the same as gambling.
Sometimes people also say that trading is the same as gambling, yes it is the same if we trade without knowledge. However, if we master everything related to trading, then it is not the same as gambling.
That's a pretty basic difference that we can differentiate easily in my opinion.,
Apricated, there are large number of people think that trading is an easy task. But those who actually trade certainly don't see it is simply. I think trading is a platform that is a battle ground for intellectuals. They analyze, observe and capitalize on various news sources. It is not difficult to understand how difficult the task can be if one wants to profit from this. Trading is not gambling to those who have knowledge and those who have no knowledge rely on luck and can consider as gambling.
Those who think trading is an easy job are people who saw that their predecessors were so easy to make profits, so they thought that trading was easy, even though that is not true at all.
Those who have this mindset are usually those who are new to trading and the first thing they see is someone who is successful with their trading activities. They don't look at the processes that the person went through in the past, they just draw conclusions without any basis.
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Actually there is also a luck factor in crypto trading, but it is a very small percentage. The most important thing is actually our experience here, the longer we trade cryptocurrencies, the more knowledge we will gain. So it's not a matter of luck, but our SKILL in trading. How cleverly we analyze and choose the crypto coins that we will trade.
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Actually there is also a luck factor in crypto trading, but it is a very small percentage. The most important thing is actually our experience here, the longer we trade cryptocurrencies, the more knowledge we will gain. So it's not a matter of luck, but our SKILL in trading. How cleverly we analyze and choose the crypto coins that we will trade.
Yeah, luck also plays a role in our trading, but it is so small that we cannot disregard it. In trading, sometimes a situation arises where we are at a loss, the trade is moving in the opposite direction, and we apply all our skills and methods, yet we still incur losses. However, this occurs infrequently, so we can say that luck has little value in trading. But for those with limited knowledge about trading, when they take a blind shot and experience losses, they may claim that they did everything right and still faced losses. They fail to acknowledge that they lack sufficient knowledge, which leads to their losses.
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I am going to agreeing with you in this point because market can be fluctuated anytime and that's why even a professional trader face loss sometimes. I have read so many article and saw many professional analysts that they say they also faced many time on their trading. And that is why trading are risky but in case of them it much lower than a newbie on trading. So we cannot understand it that technical analysis on trading.
Trading is not like a job in which you will earn continuously without any loss therefore if someone is trading then he should also remember that he will face loss that will be either big or small but if someone is keeping higher expectations then he will be uncomfortable because in trading winning and losing both are possible.
Professionals have not lost their money only in the past but they are also facing troubles presently so we cannot say that trading is an easy way of earning because there are continuous alterations in the worth of the market so anyone can lose some amount.
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This is also an opportunity for smart traders to gain profit. Because whales cannot maintain market manipulation all the time, the effect of whales on the market is very short and then the market moves forward again at its own pace. So for this reason many traders follow the activity of whales in order to complete trades according to their activity and take proper advantage of their market manipulation. Although not all traders will be able to do this because analysis is required to understand the activity of these whales or how their activity will impact the market, not possible for a normal trader. For this, the trader must have knowledge about technical analysis.
Indeed, the whales won't manipulate the market all the time, it should be temporary only. So, when there is a chance to take an advantage from the manipulation made by the whales, we mustn't miss it. For example when they dump the market, we also buy the coins that we think the prices are very cheap at that time. When the whales stopped their manipulation, the prices of the coins must increase again. We can get good profits if the whales push the market to be in bullish period. Most crypto coin prices must increase significantly, so we have the chance to sell the coins and take profits. Well, this way is how to take the advantage from the manipulation made by the whales.
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Trading is not all about having luck alone, we need to know how to trade and be knowledgeable in it, we cannot trade and do the wrong thing while expecting for the right result, trading has it own strategies, what we must do and not, we have to realize that most traders take their time speculating on the market using several indicators and strategies before achieving the kind of trade achievement they realized and earn.
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Knowledge is the main thing, but we also cannot separate it from luck. For example, when we have analyzed well, whether technical or fundamental, then market sentiment says differently, that is also something related to luck in my opinion, because at the beginning we did well, but the market didn't.
But here the main point is knowledge, because for me when our knowledge is very good in analyzing, then luck will also come to us.
Of course, knowledge is the most crucial thing in trading. But it is true that sometimes the luck factor may bring an impact for the success in trading. However, it is impossible to have luck if we don't know to trade in the right way. This requires good knowledge to trade in the right way.
Yep, we need to analyze and do research in trading. If we have no sufficient knowledge, we can't do analysis or research. If we have no ability to do it, we can trade with the best way. How we can get luck if we are unable to trade in the right way. ;)
That's the point, when we don't have proper knowledge about trading, luck will run away. And even if we trade without knowledge, it is the same as gambling.
Sometimes people also say that trading is the same as gambling, yes it is the same if we trade without knowledge. However, if we master everything related to trading, then it is not the same as gambling.
That's a pretty basic difference that we can differentiate easily in my opinion.,
You are right and I agree with you. We have more of gamblers than traders in the market and that is why you see that majority of traders run at loss because they don't want to sacrifice their time and learn in order to master the skill. Newbies come into the crypto world and jump into trading, thinking it is a get rich quick scheme. I call all traders that finds it difficult to learn trading with the time needed to understand it and come up with their own strategies as gamblers. This is because if they are lucky, they will make profit and most times they are always unlucky which leads to huge loss. There is a professional trader but no professional gambler because it is mostly based on luck.
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Great whale traders can change the momentum of the market. So sometimes technical analysis is not useful. Success in trading depends on various strategies and sometimes luck also plays a big role. Trading risks a lot of losses here. No one can completely avoid loss. So trading can be called luck but it is not always luck. Because unique strategies and analysis can bring success in trading.
I am going to agreeing with you in this point because market can be fluctuated anytime and that's why even a professional trader face loss sometimes. I have read so many article and saw many professional analysts that they say they also faced many time on their trading. And that is why trading are risky but in case of them it much lower than a newbie on trading. So we cannot understand it that technical analysis on trading.
Totally agree! It is crazy sometimes how volatile markets could be and how even the experts may lose some of their bets occasionally. I mean they are not shielded from negative results, are they? One essentially realise that technical analysis is quite beneficial, but it is not a device that can allow you to look into the future. Risk management and the wise application of trading strategies are the main factors that should be taken into consideration. And newbies, have to be wise, know the tricks, and do not be overconfident. Over time, losses are inevitable but it is important to take adequate measures to mitigate on the effects hence optimize for more advantages.
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Great whale traders can change the momentum of the market. So sometimes technical analysis is not useful. Success in trading depends on various strategies and sometimes luck also plays a big role. Trading risks a lot of losses here. No one can completely avoid loss. So trading can be called luck but it is not always luck. Because unique strategies and analysis can bring success in trading.
I am going to agreeing with you in this point because market can be fluctuated anytime and that's why even a professional trader face loss sometimes. I have read so many article and saw many professional analysts that they say they also faced many time on their trading. And that is why trading are risky but in case of them it much lower than a newbie on trading. So we cannot understand it that technical analysis on trading.
Totally agree! It is crazy sometimes how volatile markets could be and how even the experts may lose some of their bets occasionally. I mean they are not shielded from negative results, are they? One essentially realise that technical analysis is quite beneficial, but it is not a device that can allow you to look into the future. Risk management and the wise application of trading strategies are the main factors that should be taken into consideration. And newbies, have to be wise, know the tricks, and do not be overconfident. Over time, losses are inevitable but it is important to take adequate measures to mitigate on the effects hence optimize for more advantages.
Newbie or pro, there would really be no exemption when it comes to volatileness of this market on which there's no way that someone could be able to know on what would be the future prices would be this is why having that a little bit mix of luck would really be something that will really be significant when dealing up with an unpredictable market
but you cant really anytime be able to rely with this stuff because nothing beats out if you do really know on what you are doing.
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Trading is said to be almost like a gamble that requires luck. It can be sometimes true but the difference with trading is you can prefer to many factors for you to have more chance to win your trades. Your choice and decision on how you'd choose the coins you'll invest and trade matters a lot whilst in gambling, you don't need that decision and you can play by luck. So, it's not all about luck but in many instances, those memecoin traders and investors probably just got a glance or heard of something new which coin to invest and then they've taken risk and they managed to earn from that, still there's the effort and some reference and not all luck.
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Trading is said to be almost like a gamble that requires luck. It can be sometimes true but the difference with trading is you can prefer to many factors for you to have more chance to win your trades. Your choice and decision on how you'd choose the coins you'll invest and trade matters a lot whilst in gambling, you don't need that decision and you can play by luck. So, it's not all about luck but in many instances, those memecoin traders and investors probably just got a glance or heard of something new which coin to invest and then they've taken risk and they managed to earn from that, still there's the effort and some reference and not all luck.
If I talk about trading on that point of view then I think we have to also agree with that the things we are do or we will gonna be done in the future all are depends on luck. But in some cases success or profit is possible only when luck is involved like gambling. And in most cases if you want to do business or if you want to do trading you need to have knowledge about it to get good profit or to be successful. So I can't agree with you on this point trading is almost like gamble. And one thing more to explain that one person if has the skill of analysis then he can do the trading for his full time job but it will be really stupid if one person to gambling for full time.
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Trading is a test of your skills so the more you learn about it, the more you can make a profit from trading. Luck starts when you place a bet on something like gambling or lottery. It must be difficult for someone who doesn't know about trading to get the best out of it. Moreover you can get profit by using a specific profitable trading strategy. But i don't want to tell anyone about trading in the beginning because i have lost a lot of money from it.
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Trading is not depend only for luck. We have to know that trading is not gambling, Gaing sometimes depend on luck. Either your fund 2x, 3x, 4x.....or your fund were zero. But trading is not like that. Training is big fact. It has huge side you can set take profit, stop loss, long time hold etc.
So we are now clear that trading is not like gambling or like that. Even trading not depend on luck. But it also true that in trading sometimes need support of luck.
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Trading is not depend only for luck. We have to know that trading is not gambling, Gaing sometimes depend on luck. Either your fund 2x, 3x, 4x.....or your fund were zero. But trading is not like that. Training is big fact. It has huge side you can set take profit, stop loss, long time hold etc.
So we are now clear that trading is not like gambling or like that. Even trading not depend on luck. But it also true that in trading sometimes need support of luck.
Exactly, trading does have to use deeper analysis and research. For those who are still new traders, they may have to study more often on various media such as YouTube and so on. When we learn to use media that can see the movements and decisions made directly, it will be easy for us to understand them. As you said, luck is the factor that I think is the last, because in the future we must have trading knowledge and the patience that we must have as a trader's soul.
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It sounds reasonable, but belief in luck and coincidences is erroneous.
In your case, I wouldn't say that this is luck, but Blessing. There are no coincidences and luck in the universe.
Trading is a science of probability based on numbers and statistics, and a good trader will analyze and research properly, but if done incorrectly it is gambling.
I will not say I agree with you as I said before this forum is full of different people with different POVs, you think there is no luck I think there is luck and fate. I know trading is all about numbers and logic. If you are doing the analysis and you are sure that your trade will win but still it did not. Why?
After sometime you realized after doing the analysis and all that work, a bad news came out of nowhere. Not only you but no one saw it coming so you failed to win the trade why is that? I say that trade was not in your luck. I am not saying you lose, because trading teaches us to minimize our risk by setting up Tp and Sl. You might have lose some amount but not all of it due to your logical reasoning.
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This is basically a discussion we can talk forever, and a lot of people will get it wrong. Some just say its all luck, some say its a bit of luck, some people say that its not luck but just skill and studying a lot. We need to remember that we can't calculate how much of it at all, so there is no right amount. We do not know how much of it is your skill that you gained by studying, and how much of it is luck, there is no math that decides this at all. Sometimes you could be super lucky, but you think that you knew what you were doing, and sometimes you just feel like you got lucky but at the same time it could be all your skill helping you in the end. We need to just focus on how to make a profit and do whatever we can do, so we should be considering only the parts we can handle, rest is immeSPAM BANble so its not a big deal at all.
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After sometime you realized after doing the analysis and all that work, a bad news came out of nowhere. Not only you but no one saw it coming so you failed to win the trade why is that? I say that trade was not in your luck. I am not saying you lose, because trading teaches us to minimize our risk by setting up Tp and Sl. You might have lose some amount but not all of it due to your logical reasoning.
Bad news or FUD arises when all the analysis goes well, and this becomes an obstacle for traders who have done the analysis from the beginning.
But trading is not only about luck because it only plays a role in the short term and for the long term still traders who do good and consistent analysis will still be struggling.
There are several factors that can affect trading such as risk management, trading strategy, knowledge and expertise in trading analysis,
and trading psychology. Luck is only a small part.
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This is basically a discussion we can talk forever, and a lot of people will get it wrong. Some just say its all luck, some say its a bit of luck, some people say that its not luck but just skill and studying a lot. We need to remember that we can't calculate how much of it at all, so there is no right amount. We do not know how much of it is your skill that you gained by studying, and how much of it is luck, there is no math that decides this at all. Sometimes you could be super lucky, but you think that you knew what you were doing, and sometimes you just feel like you got lucky but at the same time it could be all your skill helping you in the end. We need to just focus on how to make a profit and do whatever we can do, so we should be considering only the parts we can handle, rest is immeSPAM BANble so its not a big deal at all.
Man, they are opinions to debate, not to be individually the possessors of the truth, don't you think.
I ask you, do you study your position histories, whether spot or futures, etc.
Focusing on profits, sometimes it is very easy to say, since it is interpreted as simply waiting for the magic of "money". Consequently, that's why I think it has a bad approach, since expecting losses is something that is there and must be evaluated, not everything is "focus" on profits, that is only part of the whole...you know!
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The help of luck is definitely needed to be profitable in trading. No matter how much knowledge you gain about trading, you will never be able to predict the crypto market accurately. Because the crypto market is volatile. In this case, both your knowledge and luck should be within your reach.
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Trading is not depend only for luck. We have to know that trading is not gambling, Gaing sometimes depend on luck. Either your fund 2x, 3x, 4x.....or your fund were zero. But trading is not like that. Training is big fact. It has huge side you can set take profit, stop loss, long time hold etc.
So we are now clear that trading is not like gambling or like that. Even trading not depend on luck. But it also true that in trading sometimes need support of luck.
Yes, trading does not depend on luck and trading is not gambling. Trading can be a gamble for those who will trade without acquiring knowledge and for them trading can depend on luck. But those who acquire enough trading knowledge and skills to manage trading depend on their own strategy. If you believe in luck, it is very little. My personal opinion is that trading especially in meme coins is often called gambling coins or luck based trading. We cannot reject this because there is no analysis going on these coins especially community support and hype is what drives these coins for trading.
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The help of luck is definitely needed to be profitable in trading. No matter how much knowledge you gain about trading, you will never be able to predict the crypto market accurately. Because the crypto market is volatile. In this case, both your knowledge and luck should be within your reach.
Luck is not as important as you are saying for a profitable trade. What if a person enters the market, starts buying coins without considering the market trend, or has zero knowledge about it, and invests based on luck? So, can he profit from it or not? Maybe his luck can work for him once or twice, giving him a little profit, but in the long run, it's not sustainable. The only things needed are your skill and knowledge, which will prevent losses. The role of luck in the whole trade is 3 to 5 percent out of 100. So, keep in mind to never fully depend on luck but seek knowledge and develop skills.
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The help of luck is definitely needed to be profitable in trading. No matter how much knowledge you gain about trading, you will never be able to predict the crypto market accurately. Because the crypto market is volatile. In this case, both your knowledge and luck should be within your reach.
It is reality that if someone learns about trading then just learning cannot give him huge profit because luck also plays a vital role in earning money and those who are wealthy are also lucky people. Knowledge can minimise the chances of loss and will help you to work well according to the adopted strategies but it cannot be guaranteed your profit in the field of crypto.
If just knowledge was useful then an expert will never experience losses in their life and will continuously earn but the market is volatile so sometimes it goes against you and sometimes it favors you therefore Luck can also be not neglected as without shining fortune you cannot earn well.
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It is reality that if someone learns about trading then just learning cannot give him huge profit because luck also plays a vital role in earning money and those who are wealthy are also lucky people.
Not that a trader will trade for once and stop trading. If a trader trade at first time and make money, that can be considered as luck. But he will continue to trade. Knowledge can help him minimize losses and there is nothing called luck about that again if he continues to trade. If he is trading and making money from trading, that is no more luck. It is knowledge and experience.
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It is reality that if someone learns about trading then just learning cannot give him huge profit because luck also plays a vital role in earning money and those who are wealthy are also lucky people.
Not that a trader will trade for once and stop trading. If a trader trade at first time and make money, that can be considered as luck. But he will continue to trade. Knowledge can help him minimize losses and there is nothing called luck about that again if he continues to trade. If he is trading and making money from trading, that is no more luck. It is knowledge and experience.
Yeah I agree. Relying our trade with luck is gambling, because you're relying on chances. If we continue to rely our trades with luck, in the long run our funds get liquidated. Making profit in a couple of trades does not mean you're profitable trader. A profitable trader for me has trading plan and have discipline, and of course still encounter loses.
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Bad news or FUD arises when all the analysis goes well, and this becomes an obstacle for traders who have done the analysis from the beginning.
But trading is not only about luck because it only plays a role in the short term and for the long term still traders who do good and consistent analysis will still be struggling.
There are several factors that can affect trading such as risk management, trading strategy, knowledge and expertise in trading analysis,
and trading psychology. Luck is only a small part.
You are right, it's a small part while other psychologies are the ones that matter most. A person should have good control over his finances and mental health. A person should learn the psychology of finance and of risk management. I think knowledge of macro and micro economics is also necessary for a person to idealize the concept of trading and how things work. Luck is just sitting there to take the credit when things goes wrong.
I also think people use the term luck to blame it not there trades, haha. I know I am the one said sometimes luck is involved and I stand with it. But I also think people blaming luck for bad trade are just want to put there pressure on something else not on themselves.
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If just knowledge was useful then an expert will never experience losses in their life and will continuously earn
As you are saying that those people who have knowledge and face losses, then why are they facing such losses? Because if they have knowledge, they would make profits continuously. But I do not agree with this. Those people who are facing losses do not necessarily mean that they do not believe in luck, and that's why they are losing money. Maybe they are missing something or making some errors in their knowledge, and that's why they face losses. I am not saying that only knowledge is valuable, but I am also in favor of luck. However, luck plays a small and limited role in all of this, and that's what I am saying.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
This is a great question to ask, and to give a straight forward answer based on what I think of course, I would say that we need good luck in everything we do in life, most especially when it has to do with things that relates to the future, or have a future result which I can't really tell or predict.
So, when it comes to trading, aside getting a good trading skill, one still need some atom of luck to be able to make the right choices at all times, understand that luck is of different levels, and the level of luck needed to win in gambling, is quite larger and different from that which is required to win trades, most especially when the trader is skilled, skill is like what assists luck, making things easier.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
This is a great question to ask, and to give a straight forward answer based on what I think of course, I would say that we need good luck in everything we do in life, most especially when it has to do with things that relates to the future, or have a future result which I can't really tell or predict.
So, when it comes to trading, aside getting a good trading skill, one still need some atom of luck to be able to make the right choices at all times, understand that luck is of different levels, and the level of luck needed to win in gambling, is quite larger and different from that which is required to win trades, most especially when the trader is skilled, skill is like what assists luck, making things easier.
Yeah you are correct skills is something mostly needed in trading and is like a kind of pioneer to those who are trading. When you are skilled it makes it very easier to succeed in trading especially be able to receive information from various sources with information about any projects it gives you the edges to manage your trade anytime any moments. For instance if a coin that is trading or you are holding and you join their community it would enable you to stay up-to-date about the latest happening or any changes that is to come within their ecosystem.
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Yeah you are correct skills is something mostly needed in trading and is like a kind of pioneer to those who are trading. When you are skilled it makes it very easier to succeed in trading especially be able to receive information from various sources with information about any projects it gives you the edges to manage your trade anytime any moments. For instance if a coin that is trading or you are holding and you join their community it would enable you to stay up-to-date about the latest happening or any changes that is to come within their ecosystem.
Knowledge and skills are very important in order to get something better from trading otherwise trading will not be profitable for you because trading requires your time, your knowledge, your skills as well as the ability to analyze the market and buy and sell whenever you feel the situation is good.
Just buying and selling is not everything but accurate time is very much important to buy and sell to make your profit increase therefore one should remember that if the market is in a bearish phase then they should give a time to learn more because at that time making good revenue is hard.
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The help of luck is definitely needed to be profitable in trading. No matter how much knowledge you gain about trading, you will never be able to predict the crypto market accurately. Because the crypto market is volatile. In this case, both your knowledge and luck should be within your reach.
Luck isn't a crucial part in trading although it can be helpful. If you have enough knowledge and experience, you can increase the chance to gain profits. When you still get losses, it means there is still something wrong with the strategies. You may make a mistake in choosing the coins, or you set unrealistic target for taking profits. It is all about the knowledge and experience. You must know the effective ways to gain profits when you are experienced enough.
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At some point, yes, trading ends up hoping to be lucky that the analysis you do will be correct.
At least chart reading skills make your entries have reasonable basis and have the opportunity to increase your profit ratio in the long term. You will always have trading opponents who are also looking to gain profits over you using their analytical skills (which you don't know about).
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At some point, yes, trading ends up hoping to be lucky that the analysis you do will be correct.
At least chart reading skills make your entries have reasonable basis and have the opportunity to increase your profit ratio in the long term. You will always have trading opponents who are also looking to gain profits over you using their analytical skills (which you don't know about).
The point is that luck exists... but whether it is on our side or on someone else's side, we don't know... especially for the future...
Many people do analysis, draw charts, understand news and even understand platform movements... but they sometimes also fail in trading because luck is not on their side...
Meanwhile, there are those who decide to trade just for fun, but because they are lucky, this makes them make a profit...
We can't rely entirely on luck, technical analysis, fundamentals and trading strategies also influence our final results... so all the strategies we use basically only increase the chances of achieving that luck... the greater the opportunities, the easier it will be for us get that luck to take profit
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It is reality that if someone learns about trading then just learning cannot give him huge profit because luck also plays a vital role in earning money and those who are wealthy are also lucky people.
Not that a trader will trade for once and stop trading. If a trader trade at first time and make money, that can be considered as luck. But he will continue to trade. Knowledge can help him minimize losses and there is nothing called luck about that again if he continues to trade. If he is trading and making money from trading, that is no more luck. It is knowledge and experience.
I think you were meaning that a beginner who trade at his/her first could depend on his luck. However you said it true for the beginner and a professional trader don’t depend on luck they always go through technically and archive their goal. We all know that luck is important but when you tried hard and get enough knowledge behind it luck will support you surely. On other hard if you only depend on luck when you are trading it will be gambling for you. So that luck isn’t everything, It is knowledge which is everything for a professional trader.
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- If it is true that luck is the only basis to get profit in trading then what is the point of learning trading? Skills don't matter either, right? because you think that trading is all about.
So to others who think like this in trading, if I am one of you, you should just gamble, don't trade, do they mean the stock traders, they have the same mindset? this is just my question.
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- If it is true that luck is the only basis to get profit in trading then what is the point of learning trading? Skills don't matter either, right? because you think that trading is all about.
That's exactly my question to those who believe that trading is all about luck because if it was to be true there wouldn't be any need to learn trading because everybody would have just venture into it with the hope that there luck will guide them through and make them to be making profit while trading, well those mindset is just for people who has not really been into trading.
However if somebody has really been into trading they would have actually understand that there is nothing like luck involve on trading the market because in trading the only chance you have in making profit is being able to understand the market movement and how do you understand the market movement is of course learning the fundamental and technical analysis to be able to have an understanding about it.
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Yeah you are correct skills is something mostly needed in trading and is like a kind of pioneer to those who are trading. When you are skilled it makes it very easier to succeed in trading especially be able to receive information from various sources with information about any projects it gives you the edges to manage your trade anytime any moments. For instance if a coin that is trading or you are holding and you join their community it would enable you to stay up-to-date about the latest happening or any changes that is to come within their ecosystem.
Just buying and selling is not everything but accurate time is very much important to buy and sell to make your profit increase therefore one should remember that if the market is in a bearish phase then they should give a time to learn more because at that time making good revenue is hard.
It depends on the trader or whom is involved because to me buying when dip is much more very important than when market is increasing, let say if you buy dip and expect the market to increase overnight could be hard especially bearish season is when to keep accumulating by applying DCA maybe during bull he could make huge profits, bear doesn't last for 1 year plus before bull comes. So as a good investors who is eager to make profits can hold till market turn the other way to make profits from their every single penny used in holding bitcoin.
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In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
No trading is not all about luck. A trader has to perform analysis and have to study the market before taking entry. If your follow friend made a fortune by luck in trading then it's a good thing but ask her how many times did she lost money from that fortune by trading on the basis of luck. It is just that she did not stop trading on luck after making a fortune. Therefore ask her how much she lost.
There are many people who invest in memecoins. People made millions of dollars by investing a few thousand in BRC 20-based memecoins. That can be called as luck or analysis-based trading who knows but the trader made a profit and he made more than he expected so making more profit than expecation can be counted as luck but we can not trade on the basis of luck that's not reliable.
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Trading is not all about luck, but we can have it along when making trades, we need to understand the way trade is being done, the strategies to put in place and every other thing needed for us to made trading a successful one, having a trading skill will help a lot in other for us to made the right decision on every trades we are taking, this will sum up with the luck we may have in it as a compliment.
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No trading is not all about luck. A trader has to perform analysis and have to study the market before taking entry. If your follow friend made a fortune by luck in trading then it's a good thing but ask her how many times did she lost money from that fortune by trading on the basis of luck. It is just that she did not stop trading on luck after making a fortune. Therefore ask her how much she lost.
There are many people who invest in memecoins. People made millions of dollars by investing a few thousand in BRC 20-based memecoins. That can be called as luck or analysis-based trading who knows but the trader made a profit and he made more than he expected so making more profit than expecation can be counted as luck but we can not trade on the basis of luck that's not reliable.
However, in my opinion, luck is still the final determinant.... there are only two possibilities... either we are lucky people, or we are unlucky people... even a trader who has an 80% chance of winning his trade can just fail because of something... but I'm sure it doesn't always happen like that, luck and analysis are usually always in harmony... if only the analysis carried out is accurate... luck is the final decider...
Remember... that all choices based on chance, will still have the potential to be a defeat even though the probability is 99%.
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However, in my opinion, luck is still the final determinant.... there are only two possibilities... either we are lucky people, or we are unlucky people... even a trader who has an 80% chance of winning his trade can just fail because of something... but I'm sure it doesn't always happen like that, luck and analysis are usually always in harmony... if only the analysis carried out is accurate... luck is the final decider...
Remember... that all choices based on chance, will still have the potential to be a defeat even though the probability is 99%.
Well, something that changes a trader's winning into a loss may be a defect in his analysis or having minimal knowledge related to that trade. So, if he loses his trade, then we can't blame his luck; it was because of his bad luck. Why can't people admit that they lost their trade because of their own misinformation or wrong analysis, but still, they blame luck? Yes, luck also plays a role in trading, but not to the extent that we can attribute all our failures to it.
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However, in my opinion, luck is still the final determinant.... there are only two possibilities... either we are lucky people, or we are unlucky people... even a trader who has an 80% chance of winning his trade can just fail because of something... but I'm sure it doesn't always happen like that, luck and analysis are usually always in harmony... if only the analysis carried out is accurate... luck is the final decider...
Remember... that all choices based on chance, will still have the potential to be a defeat even though the probability is 99%.
I'll give a scenario:
- A person spent 5 years learning how to become a successful trader. After 5 years, he became profitable in trading into cryptocurrency. Does it mean that despite learning the ins and outs of trading, he's considered "LUCKY" because he became profitable into it?
If trading is all about luck, then nobody must spend their time learning the things that they need to learn in order for them to be a profitable trader. Luck might play a role to the trader, but I don't believe that it's luck alone that makes a trader profitable. For me, knowledge is more important when it comes to trading. I don't also buy the fact that luck is the final decider. It's your knowledge about trading that's the final decider. Your knowledge affects your decision-making ability.
At the end of the day, it's your opinion, and I don't agree to it. I respect your opinion still. :)
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It is reality that if someone learns about trading then just learning cannot give him huge profit because luck also plays a vital role in earning money and those who are wealthy are also lucky people.
Not that a trader will trade for once and stop trading. If a trader trade at first time and make money, that can be considered as luck. But he will continue to trade. Knowledge can help him minimize losses and there is nothing called luck about that again if he continues to trade. If he is trading and making money from trading, that is no more luck. It is knowledge and experience.
I totally agree with you because in as much as I don't believe on luck in trading but the only way it can be considered as a luck is only when a novice in trading will setup his or her trading and make money without having any single knowledge about it, however is quite unfortunate that people misunderstand it to think that trading is all about luck.
Even in gambling that's actually the kind of mindset most people normally have thinking that wining is about luck without knowing that it doesn't work that way, perhaps this topic reminds me of someone that venture into trading the first time and after wining the first trading she feels that trading doesn't involve knowledge or any technical analysis so she decided to try her luck again if she can win again and before she realized herself she had lost everything.
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I think if we don't invest in the market then what can we do? If we enter the market by paying attention to the market trends and thinking seriously, then it is possible that we will be able to make profits and the ability to beat the competitors is considered. The thrill of making a successful trade, the flow of adrenaline when the market moves in your favor and the satisfaction of seeing your strategy succeed are incredibly rewarding. Trading requires discipline, patience and continuous learning. This comes from managing emotions, staying informed and handling constantly changing circumstances or blame it on luck.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
The trading has to do very little with luck, as there is always a possibility for a person to analyze the asset or the coin, it's founders, investors, collabs, etc., and then, and only then, make a decision whether to go in or never go in the first place.
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I think if we don't invest in the market then what can we do? If we enter the market by paying attention to the market trends and thinking seriously, then it is possible that we will be able to make profits and the ability to beat the competitors is considered. The thrill of making a successful trade, the flow of adrenaline when the market moves in your favor and the satisfaction of seeing your strategy succeed are incredibly rewarding. Trading requires discipline, patience and continuous learning. This comes from managing emotions, staying informed and handling constantly changing circumstances or blame it on luck.
There are many things we have to learn when we want to trade, and it's not only related to the market, but we also have to understand other factors such as emotions and so on. Plus something that will influence market movements, namely fundamentals and so on.
If we base trading on luck alone, it is better for us to just gamble, because in gambling we really rely on luck, whereas in trading we have to learn many things which can later determine whether we become good traders or not.
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I don't understand those analyzes of "failures", trading is about overcoming losses, not containing profits, anyway, I don't know how badly they would have to do to enter with "$x" and exit with $0.
You never measure yourself by bad luck, well, once, twice, three times, etc. The point is that at the end of the path you measure yourself by how far you are from that $x (bankroll-start), whether by values ​​in red or green, that final result is not defined by luck, you understand the point.
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There are many things we have to learn when we want to trade, and it's not only related to the market, but we also have to understand other factors such as emotions and so on. Plus something that will influence market movements, namely fundamentals and so on.
If we base trading on luck alone, it is better for us to just gamble, because in gambling we really rely on luck, whereas in trading we have to learn many things which can later determine whether we become good traders or not.
There are many necessary things that we have to learn before trading and learning is not just limited to market fluctuations but it is also necessary to learn about emotions and how it affects our decision. Everyone possesses emotions and one cannot stop to feel about anything but one can control his emotions where there is no need to decide rapidly.
If we talk about trading then trading becomes similar to gambling if we don't give time to learning and keep in mind that our good luck will help us continuously to win every trade and after every loss we trade continuously without eliminating our faults so because of this reason one does not find good from trading but loses everything like that of gambling.
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Trading is not all about luck, but we can have it along when making trades,
Can you explain this clearer?
Sure, we can deny that luck factor is real. But we can't rely on the luck if we can't trade in a proper way.
If we trade in a careless way, there is no chance of the luck.
having a trading skill will help a lot in other for us to made the right decision on every trades we are taking
Yep. Ability or skills, these are what we need in trading. But good ability and skills can be obtained if we have sufficient knowledge. That is why knowledge has a big role, it influences every decisions we make. If we have lack of knowledge, we must make any decision carelessly.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Back in the days that I do believe same as this mate, but changing over time and now I learn from my years here that there are traders that knew what they are doing
and earning from this trading for long now but remember also that this is not for everyone , some may earn but others will lose like me that have gone many things in trading but remaining not so good.
Trading is not all about luck, but we can have it along when making trades,
Can you explain this clearer?
Sure, we can deny that luck factor is real. But we can't rely on the luck if we can't trade in a proper way.
If we trade in a careless way, there is no chance of the luck.
what he said is can be along with us but not to rely on that completely .
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I think if we don't invest in the market then what can we do? If we enter the market by paying attention to the market trends and thinking seriously, then it is possible that we will be able to make profits and the ability to beat the competitors is considered. The thrill of making a successful trade, the flow of adrenaline when the market moves in your favor and the satisfaction of seeing your strategy succeed are incredibly rewarding. Trading requires discipline, patience and continuous learning. This comes from managing emotions, staying informed and handling constantly changing circumstances or blame it on luck.
When we start trading, we will get carried away, and along the way, sometimes have the desire to get as much profit as possible, but it is difficult to accept the risks.
Traders must have a trading plan, but traders also need to balance fear and greed in trading.
Fear makes us too careful and greed will make us lose the opportunity to gain profits
And yeah, patience, discipline, and finding a balance between fear and greed are challenges for every trader.
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In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
No trading is not all about luck. A trader has to perform analysis and have to study the market before taking entry. If your follow friend made a fortune by luck in trading then it's a good thing but ask her how many times did she lost money from that fortune by trading on the basis of luck. It is just that she did not stop trading on luck after making a fortune. Therefore ask her how much she lost.
There are many people who invest in memecoins. People made millions of dollars by investing a few thousand in BRC 20-based memecoins. That can be called as luck or analysis-based trading who knows but the trader made a profit and he made more than he expected so making more profit than expecation can be counted as luck but we can not trade on the basis of luck that's not reliable.
Yes could be true there, you know people are always lucky not because they knew what they were doing but sometimes random investment could yield positive result instead of having a particular amount /coin to investment with specific amount to trade. Those money we felt are not worth investing bring more much profits to us, I believe same thing he did to earn that amount of money.
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Yes luck is important in trading. But you must have knowledge. Because according to me luck doesn't always support you. But yes your experience definitely stays with you.
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Yes luck is important in trading. But you must have knowledge. Because according to me luck doesn't always support you. But yes your experience definitely stays with you.
My stance is similar to yours in that luck does not fully work in trading, and people need to understand this as quickly as possible. There are some people here who don't think like us; in fact, they say luck also plays a major role in trading, like 50% luck and 50% knowledge, and that your trade will be profitable. However, I can ask them a simple question: if luck plays such a significant role in trading, then why do most people who have zero knowledge fail to win trades? So, be serious and mature, and do not rely solely on luck. Keep the ratio of luck to knowledge at 10% to 90%.
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Yes luck is important in trading. But you must have knowledge. Because according to me luck doesn't always support you. But yes your experience definitely stays with you.
My stance is similar to yours in that luck does not fully work in trading, and people need to understand this as quickly as possible. There are some people here who don't think like us; in fact, they say luck also plays a major role in trading, like 50% luck and 50% knowledge, and that your trade will be profitable. However, I can ask them a simple question: if luck plays such a significant role in trading, then why do most people who have zero knowledge fail to win trades? So, be serious and mature, and do not rely solely on luck. Keep the ratio of luck to knowledge at 10% to 90%.
it wont really be totally something that you could really be able to rely with luck since trading is something that needs up knowledge and skills but we cant really be able to deny that it will really be still needing up that kind of luck factor because on the moment that you would really be making up some positions or exits then it will really be that neither be a sweet spot or something neither be early or just that too late. This is the time or moment that you would really be telling into yourself whether you had made out the right decision or not.
It will really be basing up on how good your positioning is, but of course if you are someone who would be tending to hold for long term then these things wont really be
that something relevant.
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I don't see trading as a game of luck, rather a Risk taking because as a trader, you must get information and market predictions that'll pave a way for your correct entry position in the market. However, sometimes we see some predictions to be incorrect and the market may likely turn against you.
The type of trading also matters here like: spot, margin and futures trading. As of futures trading which is more like forex trading, one can term it as a trading much on luck, and gaining from such trading, one needs much concentration and information. As of margin and spot trading, concentration is not compared to that of futures and the loss rate is minimal and not based on luck.
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Traders must have a trading plan, but traders also need to balance fear and greed in trading.
Fear makes us too careful and greed will make us lose the opportunity to gain profits
Every trader surely has a trading plan. At least he must plan the strategy, the entry time, and exit time. It is likely impossible to succeed in trading if a trader has no plan at all. Anyway, we shouldn't be so afraid if we have planned everything well. Sure, we must be careful to deal with the risks. But it doesn't mean to make us be afraid. Regarding the greed, this shouldn't be a part of successful trading. Just avoid to be greedy!
Yes luck is important in trading. But you must have knowledge. Because according to me luck doesn't always support you. But yes your experience definitely stays with you.
Why luck is important? I think it is not really important. We must rely on the knowledge, experience is another important thing. In trading, knowledge and experience are 2 main factors to determine the success. Traders mustn't rely on the luck, traders are not the same as gamblers.
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My stance is similar to yours in that luck does not fully work in trading, and people need to understand this as quickly as possible. There are some people here who don't think like us; in fact, they say luck also plays a major role in trading, like 50% luck and 50% knowledge, and that your trade will be profitable. However, I can ask them a simple question: if luck plays such a significant role in trading, then why do most people who have zero knowledge fail to win trades? So, be serious and mature, and do not rely solely on luck. Keep the ratio of luck to knowledge at 10% to 90%.
This is something that is often talked about, namely about luck in trading. For me, knowledge can invite good luck, without knowledge we cannot even carry out any kind of trading. With the knowledge we have, it will be very helpful and even determine our trading.
I can't force people's views on this, because of course they have their own thoughts about the role of luck in trading. So I'm just giving my view on luck in trading.
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My stance is similar to yours in that luck does not fully work in trading, and people need to understand this as quickly as possible. There are some people here who don't think like us; in fact, they say luck also plays a major role in trading, like 50% luck and 50% knowledge, and that your trade will be profitable. However, I can ask them a simple question: if luck plays such a significant role in trading, then why do most people who have zero knowledge fail to win trades? So, be serious and mature, and do not rely solely on luck. Keep the ratio of luck to knowledge at 10% to 90%.
This is something that is often talked about, namely about luck in trading. For me, knowledge can invite good luck, without knowledge we cannot even carry out any kind of trading. With the knowledge we have, it will be very helpful and even determine our trading.
I can't force people's views on this, because of course they have their own thoughts about the role of luck in trading. So I'm just giving my view on luck in trading.
I agree with you! Knowledge, patience, and discipline first, luck is totally secondary. Sometimes it does some moves that we like or we don't, but in any case, we shouldn't rely on it.
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- You know, if there are traders who understand trading like that, they should gamble at the casino here in crypto. The majority of people in this industry know that bitcoin trading or crypto trading cannot be considered gambling.
That's why maybe others think this is because they often read in this forum that trading at your own risk is a thing that makes them think that trading is just gambling, even though it isn't.
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This is something that is often talked about, namely about luck in trading. For me, knowledge can invite good luck, without knowledge we cannot even carry out any kind of trading. With the knowledge we have, it will be very helpful and even determine our trading.
I can't force people's views on this, because of course they have their own thoughts about the role of luck in trading. So I'm just giving my view on luck in trading.
I agree with you! Knowledge, patience, and discipline first, luck is totally secondary. Sometimes it does some moves that we like or we don't, but in any case, we shouldn't rely on it.
Well from there we can find out where the position of luck is. For example, I will try to compare it with gambling which is very dependent on luck. In some gambling, we just play, we can't see and predict, even someone who doesn't know gambling when they can play and if they are lucky they will win.
While in trading, we must know what trading is and how to do it, when someone just trades without knowledge then I can say they are gambling.
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This is something that is often talked about, namely about luck in trading. For me, knowledge can invite good luck, without knowledge we cannot even carry out any kind of trading. With the knowledge we have, it will be very helpful and even determine our trading.
I can't force people's views on this, because of course they have their own thoughts about the role of luck in trading. So I'm just giving my view on luck in trading.
I agree with you! Knowledge, patience, and discipline first, luck is totally secondary. Sometimes it does some moves that we like or we don't, but in any case, we shouldn't rely on it.
Well from there we can find out where the position of luck is. For example, I will try to compare it with gambling which is very dependent on luck. In some gambling, we just play, we can't see and predict, even someone who doesn't know gambling when they can play and if they are lucky they will win.
While in trading, we must know what trading is and how to do it, when someone just trades without knowledge then I can say they are gambling.
I understand your position on the trivial answer, "luck" in casinos, but if we are in a forum, where we evaluate ourselves on a certain level of knowledge, that is not a very good position/idea.
When one goes to a casino, if one is a recreational player, all this stuff we say here does not matter, but if you are a regular, you must understand the game, then you understand why poker and BJ allow for a more feasible return away from the thing that everyone calls luck, which in my case I like to call "Dictator", because it exercises the laws of probabilities whenever it feels like it.
So, there are many things that tend to be mixed up in ideas, in this subject, the luck that one has in casinos cannot be compared to commerce, well, as a trivial adjective yes, but from the statistical point of view and how these probabilities are executed it is totally different.
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Well from there we can find out where the position of luck is. For example, I will try to compare it with gambling which is very dependent on luck. In some gambling, we just play, we can't see and predict, even someone who doesn't know gambling when they can play and if they are lucky they will win.
While in trading, we must know what trading is and how to do it, when someone just trades without knowledge then I can say they are gambling.
I understand your position on the trivial answer, "luck" in casinos, but if we are in a forum, where we evaluate ourselves on a certain level of knowledge, that is not a very good position/idea.
When one goes to a casino, if one is a recreational player, all this stuff we say here does not matter, but if you are a regular, you must understand the game, then you understand why poker and BJ allow for a more feasible return away from the thing that everyone calls luck, which in my case I like to call "Dictator", because it exercises the laws of probabilities whenever it feels like it.
So, there are many things that tend to be mixed up in ideas, in this subject, the luck that one has in casinos cannot be compared to commerce, well, as a trivial adjective yes, but from the statistical point of view and how these probabilities are executed it is totally different.
I think what we want to convey here has the same purpose, but our way of conveying it is different. That doesn't matter, because the more ways we convey something, the more open our minds will be or the people who read this can understand it well.
This seems like a trivial thing indeed, but usually trivial things like this are often ignored by many people. Therefore, we try to give our views on this one meaningful word.
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Yes luck is important in trading. But you must have knowledge. Because according to me luck doesn't always support you. But yes your experience definitely stays with you.
My stance is similar to yours in that luck does not fully work in trading, and people need to understand this as quickly as possible. There are some people here who don't think like us; in fact, they say luck also plays a major role in trading, like 50% luck and 50% knowledge, and that your trade will be profitable. However, I can ask them a simple question: if luck plays such a significant role in trading, then why do most people who have zero knowledge fail to win trades? So, be serious and mature, and do not rely solely on luck. Keep the ratio of luck to knowledge at 10% to 90%.
Yes, trading can never be considered as complete luck, trading definitely requires experience. Both luck and experience are equally important in trading. You can never succeed in trading with zero knowledge, you must have complete knowledge about trading.
actually, those who are unsuccessful in trading, only they can say that trading depends entirely on luck. But actually experience in trading is essential. Luck is needed, but without knowledge and experience it is never possible to succeed in trading.
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To some extent this is true. To some extent not, because along with luck there is also knowledge. If there is knowledge along with luck then there are more chances of success.
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Yes luck is important in trading. But you must have knowledge. Because according to me luck doesn't always support you. But yes your experience definitely stays with you.
My stance is similar to yours in that luck does not fully work in trading, and people need to understand this as quickly as possible. There are some people here who don't think like us; in fact, they say luck also plays a major role in trading, like 50% luck and 50% knowledge, and that your trade will be profitable. However, I can ask them a simple question: if luck plays such a significant role in trading, then why do most people who have zero knowledge fail to win trades? So, be serious and mature, and do not rely solely on luck. Keep the ratio of luck to knowledge at 10% to 90%.
- trading is like a business where we can obtain profit, and become one of our resources if we maintain proper way of getting any to support our needs actually.
Therefore, it is not good to think often that trading is like luck what others gamblers think of it, because trading needs to have a full dedication and passion if you want to become successful in the end.
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To some extent this is true. To some extent not, because along with luck there is also knowledge. If there is knowledge along with luck then there are more chances of success.
To some extent this is true. To some extent not, because along with luck there is also knowledge. If there is knowledge along with luck then the chances of success are high as luck and karma are dependent on each other but if we do not work then how will karma be formed. If we fail in any trading then it has to do with that {point} which we do not know. So we blame luck but if we understand that point due to which we failed then there is no blame on luck and no loss.
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I believe that trading is a skill; you can't study trading and learn the other tool indicators that are used in trading here in the crypto trading business and even in other trading like the stock market.
Of course, trading is about skills or knowledge. Another important matter is experience, this is also something to determine the success in trading. Both in crypto and stock, I think trading has almost the same factors. Knowledge (skills, ability) and experience are 2 main factors to determine the success.
It is not possible to just chance it because trading is not just luck as others think, so there is a lot to consider here in the crypto trading industry in the crypto space. There really is no shortcut here either.
Sure, trading doesn't rely on the luck. Even if sometimes luck can have a role but it is not a big part of the success in trading. If we want to rely on the luck, we can play gambling. Gambling relies on the luck, we even don't need to have specific knowledge in gambling.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Only a novice trader will refer to trading as luck, and in my opinion, if you rely just on luck without having any experience, you will quickly give up in trading because trading requires a deeper understanding of market dynamics, luck does not make up for lack of knowledge, experience comes first, followed by luck, but you should never rely just on luck.
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Only a novice trader will refer to trading as luck,
it’s definitely possible for someone newbie to start trading and then get lucky which is how they probably think that trading would be so easy and only require luck but eventually they are gonna make mistakes and they are gonna find themselves short
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Only a novice trader will refer to trading as luck,
it’s definitely possible for someone newbie to start trading and then get lucky which is how they probably think that trading would be so easy and only require luck but eventually they are gonna make mistakes and they are gonna find themselves short
And if they have this kind of mindset, then this newbies should be gambling and not trading. Although there are others who might say that they are almost the say, however, there are difference. In trading you can take control of everything, and you can used your analysis, so there could be some element of luck, but that percentage is very slim for you to make a lot of profits. You really need to understand how the market works and every trade you will go, there is some sort of analysis so that you can minimized your lost. So just don't rely on luck but try to learn and be knowledgeable using technical analysis.
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Only a novice trader will refer to trading as luck,
it’s definitely possible for someone newbie to start trading and then get lucky which is how they probably think that trading would be so easy and only require luck but eventually they are gonna make mistakes and they are gonna find themselves short
In addition to this, newbies most of the time are losing in trading, and who are the newbies out there who ended up winning on their first few traders? Less than 1% or 5% maybe? Nevertheless, it's a rare scenario and most of the newbies (including me) are losing money at their first try in trading.
This is also the reason why whenever I give an advice to a newbie, I always say that they must not spend too much on their first deposit because that's the time where losing is at it's peak, and they might get disappointed when they go all-in on their money and lose it all. The chances of newbies winning in trading is quite low, and isn't sustainable because at some point, they will make mistakes like you said that might cause them to get liquidated.
Overall, luck in trading is a factor, but luck alone isn't enough for a trader to make huge profits. I still believe that the 2 key factors that affects the profitability of a trader are knowledge, and experience.
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Only a novice trader will refer to trading as luck, and in my opinion, if you rely just on luck without having any experience, you will quickly give up in trading because trading requires a deeper understanding of market dynamics, luck does not make up for lack of knowledge, experience comes first, followed by luck, but you should never rely just on luck.
Yeah that's why they don't have patients to trade and are too relying on luck to come immediately to started trading. Most times trading do not need you to expect luck but rather right settings and knowledge builds up a good trading strategies than purely depending on something unimaginable to happened for them to get their respective profits.
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Only a novice trader will refer to trading as luck,
it’s definitely possible for someone newbie to start trading and then get lucky which is how they probably think that trading would be so easy and only require luck but eventually they are gonna make mistakes and they are gonna find themselves short
Sometimes luck helps you a lot but you should keep in mind that it's just for a while you cant rely on it, I know one of my friends who asked me some basic questions and I trained him how to place an order deposit and withdraw funds through p2p and some other basic stuff Than in my views I was expecting he will learn by demo funds and gain some experience but he started straight with the Future trading and you know what his fist trade was super successful and as you know now what is going to happen in greed he traded more and lost all haha. Then I gave him some tips and tutorials to learn about price action and some other basic stuff, maybe he got his lesson and now he won't trade in the future.
In the end, luck is good but not reliable.
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Only a novice trader will refer to trading as luck,
it’s definitely possible for someone newbie to start trading and then get lucky which is how they probably think that trading would be so easy and only require luck but eventually they are gonna make mistakes and they are gonna find themselves short
Sometimes luck helps you a lot but you should keep in mind that it's just for a while you cant rely on it, I know one of my friends who asked me some basic questions and I trained him how to place an order deposit and withdraw funds through p2p and some other basic stuff Than in my views I was expecting he will learn by demo funds and gain some experience but he started straight with the Future trading and you know what his fist trade was super successful and as you know now what is going to happen in greed he traded more and lost all haha. Then I gave him some tips and tutorials to learn about price action and some other basic stuff, maybe he got his lesson and now he won't trade in the future.
In the end, luck is good but not reliable.
Luck would really be that still significant on which on the time or moment that you do make up some trades but if luck wont really be on your side or simply the market goes opposite on what you had analyzed then you would really be that still having that losing trade. Somehow its true that its not really all relying on luck but also rather relying into analysis most of the time.
Although its wont really be that precise but at least you do really have that good approach towards your trading on which analysis would really be that significant or something
that you would really be needing up to do rather than on making yourself having that pure guess. It would really be just that understandable on how things should
really be done.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Only a novice trader will refer to trading as luck, and in my opinion, if you rely just on luck without having any experience, you will quickly give up in trading because trading requires a deeper understanding of market dynamics, luck does not make up for lack of knowledge, experience comes first, followed by luck, but you should never rely just on luck.
Luck sometimes works but if a trader is allowed to trade without acquiring trading knowledge then luck will not help him much. A trader is not flourished until he acquires his own skills and knowledge. Luck applies to those who acquire knowledge and skill as well as apply strategy. Trading is not a lottery that we compare it to luck. I think 95% of trading comes down to knowledge, skill ,strategy and the remaining 5% we can rely on luck.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Only a novice trader will refer to trading as luck, and in my opinion, if you rely just on luck without having any experience, you will quickly give up in trading because trading requires a deeper understanding of market dynamics, luck does not make up for lack of knowledge, experience comes first, followed by luck, but you should never rely just on luck.
- And apart from what you said, most of the newbies who think that trading is all about luck don't last long in this field, and they also usually say that cryptocurrency is not good or a scam.
Because if they have done the right thing in learning about cryptocurrency, then for sure, in the end, they will make a good profit in this industry of the crypto space.
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- And apart from what you said, most of the newbies who think that trading is all about luck don't last long in this field, and they also usually say that cryptocurrency is not good or a scam.
Because if they have done the right thing in learning about cryptocurrency, then for sure, in the end, they will make a good profit in this industry of the crypto space.
Yes, because once they start with the mindset of luck, they won't care to have the knowledge again, which will lead to greater losses than gains, and in the end they will start criticizing cryptocurrency. Knowledge is never a waste, only experienced traders who apply strategy and have a solid understanding of trading can rely on luck, not a novice traders.
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- And apart from what you said, most of the newbies who think that trading is all about luck don't last long in this field, and they also usually say that cryptocurrency is not good or a scam.
Because if they have done the right thing in learning about cryptocurrency, then for sure, in the end, they will make a good profit in this industry of the crypto space.
Yes, because once they start with the mindset of luck, they won't care to have the knowledge again, which will lead to greater losses than gains, and in the end they will start criticizing cryptocurrency. Knowledge is never a waste, only experienced traders who apply strategy and have a solid understanding of trading can rely on luck, not novices a traders.
Such a mindset should be changed, We also have to think about how to get a very large amount of profit. Talking about learning, we must also always learn, Cryptocurrench is also a new science because basically technology and science of Cryptocurrency-based trading are not given when we are still in school. All must be studied well and immediately try to apply it directly so that you will have important experiences that will produce very valuable lessons. Keep in mind, no one has succeeded in achieving what they want without any effort.
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Trading is not about luck, trading is about studying and analyzing, if you don't have this skill of analyzing then it will fail you, a lot of people believe trading is about luck which is not true, when you predict trading and it comes to pass those not mean all your predictions will always come to pass even as a professional medical doctor one can still make mistake and that is how trading is, the more you get involve the more experience you will become.
I have a friend that is into trading when he started he was losing a lot of money but later he became more skilled in trading and since then he has only lost 5 trading since 1 year plus now and you tell me is luck is not luck the more you practice the more knowledgeable you will become, if is luck some newbies into trading would have had luck of making millions but as a newbie you will always lose more than you win but as you continue you will start winning more than you lose.
Some people into trading thinks is luck because they have not allowed there self's to have experience with time, in everything one is doing in this life the starting will be difficult and there are always loses.
Trading is not luck if you study it very well you will understand that trading is not luck.
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I agree with you because trading depends a lot on shares. But it's not just about luck. You have to know about trading completely and then invest in trading side. If you go to invest in trading sector without acquiring complete knowledge then you will surely face loss. So I would suggest that those who want to trade should definitely take the advice of the experts and read the necessary posts in the forum and then invest. Thanks.
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I agree with you because trading depends a lot on shares. But it's not just about luck. You have to know about trading completely and then invest in trading side. If you go to invest in trading sector without acquiring complete knowledge then you will surely face loss. So I would suggest that those who want to trade should definitely take the advice of the experts and read the necessary posts in the forum and then invest. Thanks.
Unfortunately, trading is a discipline where it is impossible to understand everything, like poker, for example. Trading is full of unprovable moments, like technical analysis, and everything depends on whether the trader believes in what he is doing or not. Therefore, luck is a very important factor. After all, if the trend forecast is wrong, then luck can save a novice trader.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Only a novice trader will refer to trading as luck, and in my opinion, if you rely just on luck without having any experience, you will quickly give up in trading because trading requires a deeper understanding of market dynamics, luck does not make up for lack of knowledge, experience comes first, followed by luck, but you should never rely just on luck.
Luck sometimes works but if a trader is allowed to trade without acquiring trading knowledge then luck will not help him much. A trader is not flourished until he acquires his own skills and knowledge. Luck applies to those who acquire knowledge and skill as well as apply strategy. Trading is not a lottery that we compare it to luck. I think 95% of trading comes down to knowledge, skill ,strategy and the remaining 5% we can rely on luck.
There are some trading that is luck let say someone bought some cool coins at very cheap and when the market pump they sells at this point we can say is like. For someone to continually monitor his trades to make profit is much more hard because luck doesn't work there but skills and knowledge couple with experience. Inexperienced person can not make profits because it's not like gambling where you predict and seat to watch while the matches are running.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Honestly, Trading has nothing to do with luck, is ether you are experienced or you are ready to continuously losing funds. Trading requires experience and this knowledge must be acquired to make good profit wether you are trading on Spot, future or margin options. I think that those who Hold some coins for some time ( that is, long term) could be regarded as the lucky investors. As you may know, trading and investments are not the same, and i have considered investors/Holders as the crypto lucky business men. This is because they buy at certain low price and sell when prices improved, and the market ups or downs situations could be long or short periods.
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Honestly, Trading has nothing to do with luck, is ether you are experienced or you are ready to continuously losing funds.
We can't deny that sometimes luck may have a role in trading, too. If we aren't lucky, the market trend can change suddenly and we lose the chance to get profits. But we don't rely on the luck because the chance to success will be small in this way. If we rely on the luck, we mostly lose money because we have no proper way in trading.
Trading requires experience and this knowledge must be acquired to make good profit wether you are trading on Spot, future or margin options.
Indeed. Knowledge and experience are very needed, these are the basic things in trading. It is true, any kind of trading (spot, future, margin) requires knowledge and experience. These are the factors to determine the success of our trading.
I think that those who Hold some coins for some time ( that is, long term) could be regarded as the lucky investors.
I don't think so. Both traders and investors are the same, we all need to have proper knowledge and experience. We don't rely on the luck, it is not gambling. We only can rely on the luck in gambling, but it won't work in investment and trading. So, there is no term of luck investors or luck traders. :)
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Honestly, Trading has nothing to do with luck, is ether you are experienced or you are ready to continuously losing funds. Trading requires experience and this knowledge must be acquired to make good profit wether you are trading on Spot, future or margin options. I think that those who Hold some coins for some time ( that is, long term) could be regarded as the lucky investors. As you may know, trading and investments are not the same, and i have considered investors/Holders as the crypto lucky business men. This is because they buy at certain low price and sell when prices improved, and the market ups or downs situations could be long or short periods.
Yeah you are right well most times it depends on individuals on how they found themselves into it like you already said most people could see it as people who are lucky for holding for long time and of course they are because holding for long range brings luck to the investors but trading is actually different from holding since most people often Lose heavily while trading due to their lack of experience in trading and they must required more practice and training to keep earning in trading.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Honestly, Trading has nothing to do with luck, is ether you are experienced or you are ready to continuously losing funds. Trading requires experience and this knowledge must be acquired to make good profit wether you are trading on Spot, future or margin options. I think that those who Hold some coins for some time ( that is, long term) could be regarded as the lucky investors. As you may know, trading and investments are not the same, and i have considered investors/Holders as the crypto lucky business men. This is because they buy at certain low price and sell when prices improved, and the market ups or downs situations could be long or short periods.
Yeah you are right well most times it depends on individuals on how they found themselves into it like you already said most people could see it as people who are lucky for holding for long time and of course they are because holding for long range brings luck to the investors but trading is actually different from holding since most people often Lose heavily while trading due to their lack of experience in trading and they must required more practice and training to keep earning in trading.
The complexity nature of trading makes it not easy for you to make profit from it if you don't have a good experience on trading. This is why before venturing into trading, you must understand the fundamentals analysis and technical analysis with chart reading which takes a very long time for one who is new to trading to understand. Hodli is easy and do not need much knowledge before you can hodli. Hodli only needs pat9and discipline for you to be able to hodli for a very long time to increase your investment portfolio.
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Based on by little experience on trading, I can say that trading doesn't have anything to do with luck because it's not like gambling, when it's gamble then it's luck based. However, achieving big from trading you only need to study the market and have have a good strategies. A trader needs a time to acknowledge the market and the way it works so that he could know when to buy and when to sell.
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Based on by little experience on trading, I can say that trading doesn't have anything to do with luck because it's not like gambling, when it's gamble then it's luck based. However, achieving big from trading you only need to study the market and have have a good strategies. A trader needs a time to acknowledge the market and the way it works so that he could know when to buy and when to sell.
Some people may claim no luck factor in trading. But others may experience it. I think it depends on the style of our trading. If we trade fully according to analysis and research, we can think that the luck has nothing to do. Moreover, if we always get our target in any market condition. But for the traders who still have lack of experience, luck may still influence the success. When the market is very easy to change, I think luck also plays a role.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Honestly, Trading has nothing to do with luck, is ether you are experienced or you are ready to continuously losing funds. Trading requires experience and this knowledge must be acquired to make good profit wether you are trading on Spot, future or margin options. I think that those who Hold some coins for some time ( that is, long term) could be regarded as the lucky investors. As you may know, trading and investments are not the same, and i have considered investors/Holders as the crypto lucky business men. This is because they buy at certain low price and sell when prices improved, and the market ups or downs situations could be long or short periods.
Yeah you are right well most times it depends on individuals on how they found themselves into it like you already said most people could see it as people who are lucky for holding for long time and of course they are because holding for long range brings luck to the investors but trading is actually different from holding since most people often Lose heavily while trading due to their lack of experience in trading and they must required more practice and training to keep earning in trading.
The complexity nature of trading makes it not easy for you to make profit from it if you don't have a good experience on trading. This is why before venturing into trading, you must understand the fundamentals analysis and technical analysis with chart reading which takes a very long time for one who is new to trading to understand. Hodli is easy and do not need much knowledge before you can hodli. Hodli only needs pat9and discipline for you to be able to hodli for a very long time to increase your investment portfolio.
You are right not only patient but also need us to have a good wallet to hold our Bitcoin most people who loses their investment from exchange or various wallet does not use a liable and most rated wallet otherwise they wouldn't have lose their investment to scammers through fishing link or remote control by clicking a random link on the net. Any trader or investor who must last long must avoid some certain links or probably should have an external device like I mean another cell phone or smartphone or laptop to do their investment or trading to avoid hack dust attack or system compromise through friends fellow or relatives at home.
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I agree people mostly mistake trading for luck but it is actually about making smart choices. Someone who makes a lot of money from one trade probably did not just get lucky they made good investment. What looks like luck is often just good research and investing in something that becomes popular and increases in value. This is not luck it is smart move. Some people think scalping or quickly buying and selling is lucky but it is actually a planned strategy. To be good at trading we need to know what we are doing have experience and make smart decisions not just rely on luck.
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I agree people mostly mistake trading for luck but it is actually about making smart choices. Someone who makes a lot of money from one trade probably did not just get lucky they made good investment. What looks like luck is often just good research and investing in something that becomes popular and increases in value. This is not luck it is smart move. Some people think scalping or quickly buying and selling is lucky but it is actually a planned strategy. To be good at trading we need to know what we are doing have experience and make smart decisions not just rely on luck.
Trading is bad for those who start trading any coin without knowing or doing any analysis. But trading is a type of business for those who can do market analysis and have good skills on trading. This is digital business. Many people are earning huge amount of money through their trading skills. Trading is a very profitable profession, those who can be experts in trading can earn a lot of money. And they don't believe that trading depends on luck. And I myself do not believe that trading depends on luck. Just as there are many risks in physical business, there are also many risks in digital business or crypto trading. But the more experienced, the less risk there is.
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Based on by little experience on trading, I can say that trading doesn't have anything to do with luck because it's not like gambling, when it's gamble then it's luck based. However, achieving big from trading you only need to study the market and have have a good strategies. A trader needs a time to acknowledge the market and the way it works so that he could know when to buy and when to sell.
Some people may claim no luck factor in trading. But others may experience it. I think it depends on the style of our trading. If we trade fully according to analysis and research, we can think that the luck has nothing to do. Moreover, if we always get our target in any market condition. But for the traders who still have lack of experience, luck may still influence the success. When the market is very easy to change, I think luck also plays a role.
Traders with no good analysis or good methods of speculating on trading can not always succeed on trading because if not the dip he won't be able to achieve any profits from his or her trade. For a trader to achieve 90% of successful trades while trading he or she needs to be good on his trading patterns and also be good in speculative or very watchful of the market price. A new trader might be trading for 2 hours without any profits but if some old traders trade for just an hour he or she might gain some profits because they have understand the market and their experience will also help them.
Am just trying to say that luck can only come in ones to a new trader.
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Based on by little experience on trading, I can say that trading doesn't have anything to do with luck because it's not like gambling, when it's gamble then it's luck based. However, achieving big from trading you only need to study the market and have have a good strategies. A trader needs a time to acknowledge the market and the way it works so that he could know when to buy and when to sell.
The main difference in gambling and trading is luck but remember that in trading luck and knowledge both are necessary while in gambling there is nothing to learn but those individuals are successful who are just lucky and there is no relationship of knowledge with luck in case of gambling.
If a person is choosing random coins without using his knowledge then yes he is gambling by just focusing on his luck but experts do not gamble and utilize their knowledge in case of trading so they can understand the difference between gambling and trading. The mind of a person suggests that he is trading or gambling and we cannot change their thoughts because if a person has knowledge he will trade with an active mind but if a person has no knowledge then he will work and his fortune will determine how profitable he is.
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Based on by little experience on trading, I can say that trading doesn't have anything to do with luck because it's not like gambling, when it's gamble then it's luck based. However, achieving big from trading you only need to study the market and have have a good strategies. A trader needs a time to acknowledge the market and the way it works so that he could know when to buy and when to sell.
Some people may claim no luck factor in trading. But others may experience it. I think it depends on the style of our trading. If we trade fully according to analysis and research, we can think that the luck has nothing to do. Moreover, if we always get our target in any market condition. But for the traders who still have lack of experience, luck may still influence the success. When the market is very easy to change, I think luck also plays a role.
Traders with no good analysis or good methods of speculating on trading can not always succeed on trading because if not the dip he won't be able to achieve any profits from his or her trade. For a trader to achieve 90% of successful trades while trading he or she needs to be good on his trading patterns and also be good in speculative or very watchful of the market price. A new trader might be trading for 2 hours without any profits but if some old traders trade for just an hour he or she might gain some profits because they have understand the market and their experience will also help them.
Am just trying to say that luck can only come in ones to a new trader.
Sooner or later they would really be able to realize those things that gambler like kind of approach towards trading is never been that something that applicable if you do have that kind of approach because trading is something that you would really be needing up that analysis and proper thinking on what are those technicals and fundamentals that you could really be able to apply.You cant really just that make yourself dealing with it without having those kind of considerations because you cant really be that sustainable on this case. You cant be that yourself having
assurance that you would really be able to sustain. This is why it would really be important that you should really know on what you are dealing on with so that you could be able to apply
something that you are really that dealing into.
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I agree people mostly mistake trading for luck but it is actually about making smart choices. Someone who makes a lot of money from one trade probably did not just get lucky they made good investment. What looks like luck is often just good research and investing in something that becomes popular and increases in value. This is not luck it is smart move. Some people think scalping or quickly buying and selling is lucky but it is actually a planned strategy. To be good at trading we need to know what we are doing have experience and make smart decisions not just rely on luck.
Some people assume trading is about luck, it is because they don't do analysis seriously. If they only trade with random ways, it is categorized with luck-based trading. But it is a wrong way in trading because it is too risky for any people. If we trade in that way, it is very possible to get higher chance of losses. The best way is always doing analysis or research, it is like what you state above.
Scalping is good but it is not for new traders. Sure, it needs a good plan for scalping because it will be very risky when the price changes immediately. If we do scalping, it surely needs to have a good research firstly.
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Based on by little experience on trading, I can say that trading doesn't have anything to do with luck because it's not like gambling, when it's gamble then it's luck based. However, achieving big from trading you only need to study the market and have have a good strategies. A trader needs a time to acknowledge the market and the way it works so that he could know when to buy and when to sell.
Some people may claim no luck factor in trading. But others may experience it. I think it depends on the style of our trading. If we trade fully according to analysis and research, we can think that the luck has nothing to do. Moreover, if we always get our target in any market condition. But for the traders who still have lack of experience, luck may still influence the success. When the market is very easy to change, I think luck also plays a role.
Traders with no good analysis or good methods of speculating on trading can not always succeed on trading because if not the dip he won't be able to achieve any profits from his or her trade. For a trader to achieve 90% of successful trades while trading he or she needs to be good on his trading patterns and also be good in speculative or very watchful of the market price. A new trader might be trading for 2 hours without any profits but if some old traders trade for just an hour he or she might gain some profits because they have understand the market and their experience will also help them.
Am just trying to say that luck can only come in ones to a new trader.
Sooner or later they would really be able to realize those things that gambler like kind of approach towards trading is never been that something that applicable if you do have that kind of approach because trading is something that you would really be needing up that analysis and proper thinking on what are those technicals and fundamentals that you could really be able to apply.You cant really just that make yourself dealing with it without having those kind of considerations because you cant really be that sustainable on this case. You cant be that yourself having
assurance that you would really be able to sustain. This is why it would really be important that you should really know on what you are dealing on with so that you could be able to apply
something that you are really that dealing into.
One good reason why trading is far more different than gambling is because if you are a trader and you were successful with $300 profits on your trade you will be given your profits and your capital (depending on how much your used to trade). But on gamble, when you used $100 to gamble on 2 odds and you won you are only going to receive $200, but it's not like that on trading (don't think am wrong).
However being a successful trader there are methods and practice the trader needs to know, and he must have an experience of loss and gaining of not there is no way that he can understand the market properly. From my observations trading can be easy when you know what you are doing.
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I agree people mostly mistake trading for luck but it is actually about making smart choices. Someone who makes a lot of money from one trade probably did not just get lucky they made good investment. What looks like luck is often just good research and investing in something that becomes popular and increases in value. This is not luck it is smart move. Some people think scalping or quickly buying and selling is lucky but it is actually a planned strategy. To be good at trading we need to know what we are doing have experience and make smart decisions not just rely on luck.
That's right... the thing that makes trading different from gambling is that, we can still do many strategies to minimize the potential for losses or defeats... there are many success factors in trading, and luck only comes at the end... so we can adjust the level of luck itself when applying certain strategies.
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I agree people mostly mistake trading for luck but it is actually about making smart choices. Someone who makes a lot of money from one trade probably did not just get lucky they made good investment. What looks like luck is often just good research and investing in something that becomes popular and increases in value. This is not luck it is smart move. Some people think scalping or quickly buying and selling is lucky but it is actually a planned strategy. To be good at trading we need to know what we are doing have experience and make smart decisions not just rely on luck.
That's right... the thing that makes trading different from gambling is that, we can still do many strategies to minimize the potential for losses or defeats... there are many success factors in trading, and luck only comes at the end... so we can adjust the level of luck itself when applying certain strategies.
Maybe you mean, dude, that in trading there are many strategy tool indicators that can be used so that we can identify when we can buy and sell through the strategies that exist in trading. Is that right? because we know that there is no such strategy in gambling.
And obviously, as far as I know, there is no house edge in trading, unlike in gambling; there is a particular one in all casinos that gamblers enter, and that is our idea in gambling.
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Traders with no good analysis or good methods of speculating on trading can not always succeed on trading because if not the dip he won't be able to achieve any profits from his or her trade. For a trader to achieve 90% of successful trades while trading he or she needs to be good on his trading patterns and also be good in speculative or very watchful of the market price. A new trader might be trading for 2 hours without any profits but if some old traders trade for just an hour he or she might gain some profits because they have understand the market and their experience will also help them.
Agree. The chance to succeed will be very small if traders just do it with unclear method. It is not like a real trading, it is similar with gambling. A real trading must know the proper strategy or method, we can't trade with random ways. New traders may try to trade quickly because they are motivated to get profits instantly. But this way is the wrong way, they ideally need to focus on learning firstly. Even new traders will trade in the whole day, they won't be easy to get profits. Unless getting profits, new traders may lose huge money if they force to trade for many hours.
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Traders with no good analysis or good methods of speculating on trading can not always succeed on trading because if not the dip he won't be able to achieve any profits from his or her trade. For a trader to achieve 90% of successful trades while trading he or she needs to be good on his trading patterns and also be good in speculative or very watchful of the market price. A new trader might be trading for 2 hours without any profits but if some old traders trade for just an hour he or she might gain some profits because they have understand the market and their experience will also help them.
Agree. The chance to succeed will be very small if traders just do it with unclear method. It is not like a real trading, it is similar with gambling. A real trading must know the proper strategy or method, we can't trade with random ways. New traders may try to trade quickly because they are motivated to get profits instantly. But this way is the wrong way, they ideally need to focus on learning firstly. Even new traders will trade in the whole day, they won't be easy to get profits. Unless getting profits, new traders may lose huge money if they force to trade for many hours.
Only difference is that in gambling you most likely lose your money, as compare to trading that you can mitigate risk like having a good trading plan and if you make some mistakes, then you can learn from it and avoid it the next time. It might take some time though for you to get accustomed to trading and make profits. But the challenge of it, once you learn the tricks and tips of the market, later on if will be easy for you to make money from trading. It's worth spending countless hours in front of your pc pr laptop when you see good profits in the 4 digits initially.
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Traders with no good analysis or good methods of speculating on trading can not always succeed on trading because if not the dip he won't be able to achieve any profits from his or her trade. For a trader to achieve 90% of successful trades while trading he or she needs to be good on his trading patterns and also be good in speculative or very watchful of the market price. A new trader might be trading for 2 hours without any profits but if some old traders trade for just an hour he or she might gain some profits because they have understand the market and their experience will also help them.
Agree. The chance to succeed will be very small if traders just do it with unclear method. It is not like a real trading, it is similar with gambling. A real trading must know the proper strategy or method, we can't trade with random ways. New traders may try to trade quickly because they are motivated to get profits instantly. But this way is the wrong way, they ideally need to focus on learning firstly. Even new traders will trade in the whole day, they won't be easy to get profits. Unless getting profits, new traders may lose huge money if they force to trade for many hours.
Only difference is that in gambling you most likely lose your money, as compare to trading that you can mitigate risk like having a good trading plan and if you make some mistakes, then you can learn from it and avoid it the next time. It might take some time though for you to get accustomed to trading and make profits. But the challenge of it, once you learn the tricks and tips of the market, later on if will be easy for you to make money from trading. It's worth spending countless hours in front of your pc pr laptop when you see good profits in the 4 digits initially.
In trading in crypto, choose popular coins, of course we can choose the top 10 coins, because it is safe. and we will not lose when trading like losing money when gambling. In trading in crypto when the market is experiencing a price drop and we are trapped, it is better to hold and wait for the market to rise again.
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In trading in crypto, choose popular coins, of course we can choose the top 10 coins, because it is safe. and we will not lose when trading like losing money when gambling. In trading in crypto when the market is experiencing a price drop and we are trapped, it is better to hold and wait for the market to rise again.
Safe...! of course it isn't.
Losing money...! you say we won't lose money; of course it's a very high possibility, it depends on the volatility of the asset and its risk in the long term.
Well, I like the phrase "wait and wait", yes, I give you credit for that, but clarify that years may pass, many years and even the "up (rise, pump, etc.) again" may never come.
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Success in trading does not always depend on luck. If you want to succeed in trading, you need to acquire a lot of knowledge and invest based on that knowledge. And you have to be patient, disciplined, you have to have such knowledge to deal with environmental conditions, then you can earn good profit and be self-sufficient in investing in trading. You will not be able to profit from investing if you leave it to luck alone.
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In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Though profiting from a trade is all about your analysis and experience with the market, I still this luck Plays a crucial role in trading. From what I've seen, not all analysis would actually work out well no matter how good you are. You have to experience loss most times and that why only real traders would tell you about their loss while those who claim to be perfect with the market are most likely scam. Trading requires time, patience and control so luck just plays a role on its side of it.
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In trading in crypto, choose popular coins, of course we can choose the top 10 coins, because it is safe. and we will not lose when trading like losing money when gambling. In trading in crypto when the market is experiencing a price drop and we are trapped, it is better to hold and wait for the market to rise again.
For experienced traders, they won't only choose popular or top coins. They may prefer choosing the trending coins that have high volatility. But it will be riskier because the prices move quickly. For beginners, choosing top coins is the best option. It will be safe if we choose top coins, the chance to be dead coins smaller. Sure, if we choose top coins, we can keep them on the wallets if we unsuccessful sell them. Keeping top coins will be safe both for a short term and long term. :)
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Sometimes trading depending on luck it's true, but if you always depending on luck, you cannot success in the cryptocurrency market. Because luck can not prefer for you. If you want to be a successful treader, you will be perfect knowledge about cryptocurrency market. Because a successful treader could understand how keeping this coin will be safe both long and short term. So I believe that trading always didn't depending on luck, ofcourse skill and intelligences is depending on a successful treader.
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In trading in crypto, choose popular coins, of course we can choose the top 10 coins, because it is safe. and we will not lose when trading like losing money when gambling. In trading in crypto when the market is experiencing a price drop and we are trapped, it is better to hold and wait for the market to rise again.
For experienced traders, they won't only choose popular or top coins. They may prefer choosing the trending coins that have high volatility. But it will be riskier because the prices move quickly. For beginners, choosing top coins is the best option. It will be safe if we choose top coins, the chance to be dead coins smaller. Sure, if we choose top coins, we can keep them on the wallets if we unsuccessful sell them. Keeping top coins will be safe both for a short term and long term. :)
It will be more save to trade with old coins they are more better and you hardly lose money when you are trading on old coins such has Bitcoin, Monero, Litecoin, Dogecoin, and Ethereum, a friend of mine who is a trader was telling me that the most money he has lost is trading with all this new coins he said as a trader if you want to play a safe trade is better you trade with old coin he also said the coin that has given him much profit in trade is Bitcoin and Bitcoin is the the first crypto coin to be created and the best crypto coin in the world, Bitcoin has made a lot of people Rich and should be taken serious.
However some people prefer to trade with coins with very high volatility in other for them to make profit quick and this kind of trade is very risky because you are never too sure what will happen, but for those who has been into this trading business for years they understands how they market will turn out because they have studied the coin very well and how much interest that is in that coin and with there past experience they will be able to determine the coins price at come in the next one week and that is why i say trading is not a game of luck it takes study and experience to understand cryptocurrency trading very well, a friend of mine when he started crypto trading he lost a lot of money but when he became more experience he started gaining more than he was losing, if you understand it very well you will succeed in it.
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Only difference is that in gambling you most likely lose your money, as compare to trading that you can mitigate risk like having a good trading plan and if you make some mistakes, then you can learn from it and avoid it the next time. It might take some time though for you to get accustomed to trading and make profits. But the challenge of it, once you learn the tricks and tips of the market, later on if will be easy for you to make money from trading. It's worth spending countless hours in front of your pc pr laptop when you see good profits in the 4 digits initially.
In gambling, we mostly got losses because there is no way to increase the chance to win. But in trading, we have an option to increase the chance of success by having good knowledge and experience. We also can choose trading type that is safer for us, choose spot trading. I think spot trading is quite safe for every one, even it is safe for newbies. However, it is a must to improve the knowledge about skills and tricks in trading. This is also a good idea to make the success in trading.
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In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Though profiting from a trade is all about your analysis and experience with the market, I still this luck Plays a crucial role in trading. From what I've seen, not all analysis would actually work out well no matter how good you are. You have to experience loss most times and that why only real traders would tell you about their loss while those who claim to be perfect with the market are most likely scam. Trading requires time, patience and control so luck just plays a role on its side of it.
It's because of this lose many people do not want to venture into trading most time they found it very hard to trade and if they trade and lose their some of them wouldn't say anything about their lost rather would lie about them making huge profits so that people would come into it to experience same loss they had experience so far.
Of course no body would go into trading without them learning things about the market, they currency they are trading and technical analysis of trading, you know there are basis and if they should those basics it would also help them to know what they are doing but most importantly, they wouldn't want to venture into all coin.
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Sometimes trading depending on luck it's true, but if you always depending on luck, you cannot success in the cryptocurrency market. Because luck can not prefer for you. If you want to be a successful treader, you will be perfect knowledge about cryptocurrency market. Because a successful treader could understand how keeping this coin will be safe both long and short term. So I believe that trading always didn't depending on luck, ofcourse skill and intelligences is depending on a successful treader.
Even you depend on luck in trading, it doesn't mean you do it like in gambling, right?
Basically, trading can't depend on the luck only, it requires knowledge. However, I think there is no term of "perfect knowledge". We only can try to get knowledge as much as possible. At least, we must have good knowledge for every basic thing in crypto, specifically in trading crypto first. If we have done it, we can begin to trade. So, do the right way in trading besides we have sufficient knowledge. This is also important in trading.
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Trading is buying when the price is below and selling when the price is above, keep repeating it until it repeats itself and makes a profit. To get that moment of profit we must have Experience, Timing and Luck.
Experience, Timing and Luck may not be something that everyone can get by chance because maybe for them one of the emotional factors is also determining so I also believe that for those who are good at controlling their emotions when trading, they can make significant profits.
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Trading is buying when the price is below and selling when the price is above, keep repeating it until it repeats itself and makes a profit. To get that moment of profit we must have Experience, Timing and Luck.
Experience, Timing and Luck may not be something that everyone can get by chance because maybe for them one of the emotional factors is also determining so I also believe that for those who are good at controlling their emotions when trading, they can make significant profits.
IMO... low coin price, not necessarily the right time to make a purchase... it could be a long-term bearish moment after ATH or it could be that the related token or coin is having major problems... trading does not always have to buy cheap and sell expensive, because actually even during bearish moments, someone can take a short position to make a profit...
In my opinion, trading itself is about how to maximize opportunities so that we get profit from the transactions that occur... no matter how, our ultimate goal is to make a profit... while luck is something beyond our control... we can only hope that luck always accompanies us in our activities.
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Trading is buying when the price is below and selling when the price is above, keep repeating it until it repeats itself and makes a profit. To get that moment of profit we must have Experience, Timing and Luck.
Experience, Timing and Luck may not be something that everyone can get by chance because maybe for them one of the emotional factors is also determining so I also believe that for those who are good at controlling their emotions when trading, they can make significant profits.
IMO... low coin price, not necessarily the right time to make a purchase... it could be a long-term bearish moment after ATH or it could be that the related token or coin is having major problems... trading does not always have to buy cheap and sell expensive, because actually even during bearish moments, someone can take a short position to make a profit...
In my opinion, trading itself is about how to maximize opportunities so that we get profit from the transactions that occur... no matter how, our ultimate goal is to make a profit... while luck is something beyond our control... we can only hope that luck always accompanies us in our activities.
I agree with what you said, "trading itself is about how to maximize opportunities so that we get a profit from the transactions that occur".. how can we take that opportunity by choosing the right coin and being able to carry out fundamental and technical analysis by understanding coins and the market. As many people say, trading is not easy, I agree with this. It takes time to become a professional trader.
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Trading is buying when the price is below and selling when the price is above, keep repeating it until it repeats itself and makes a profit. To get that moment of profit we must have Experience, Timing and Luck.
Experience, Timing and Luck may not be something that everyone can get by chance because maybe for them one of the emotional factors is also determining so I also believe that for those who are good at controlling their emotions when trading, they can make significant profits.
IMO... low coin price, not necessarily the right time to make a purchase... it could be a long-term bearish moment after ATH or it could be that the related token or coin is having major problems... trading does not always have to buy cheap and sell expensive, because actually even during bearish moments, someone can take a short position to make a profit...
In my opinion, trading itself is about how to maximize opportunities so that we get profit from the transactions that occur... no matter how, our ultimate goal is to make a profit... while luck is something beyond our control... we can only hope that luck always accompanies us in our activities.
I agree with what you said, "trading itself is about how to maximize opportunities so that we get a profit from the transactions that occur".. how can we take that opportunity by choosing the right coin and being able to carry out fundamental and technical analysis by understanding coins and the market. As many people say, trading is not easy, I agree with this. It takes time to become a professional trader.
You would really be able to realize along the way on which on the time or moment that you do find yourself on such condition on where trying out to predict on what is the potential movement
of the price then of course you would really be needing to apply some analysis and this would really be just that something that you could really be able to have on just simply
make use of your own common sense. This is why it would really be that recommended that you should really be that at least having that kind of realization since we are talking about
dealing up with a volatile market. So it would be needing up that serious approach.
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There is no high tendencies of having luck as a determinant for our trading to be a positive one, though we may engage on a trade and by the virtue of luck and we earn profits from it, but we have to make it as partial thing found applicable on every trades made, we will have to develop ourselves on how to trade, get the knowledge on trade and all necessary and required skills before trading in other to maximize profits and minimize losses.
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Luck could be anything, it could be big, it could be small, you could be ready, or not ready, it could be a loss, it could be a profit. I mean anything could be considered as luck, and you just have to try to explain it some other way to put it on paper, otherwise everything is just luck. If you really want to put it as luck, then every profit ever made was luck, no matter how hard someone worked to find a good trade, just say that "you got lucky that your research turned out to be true, you could have been wrong" and suddenly tens of hours, even hundreds of hours of work could put down as just pure luck.
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Luck could be anything, it could be big, it could be small, you could be ready, or not ready, it could be a loss, it could be a profit. I mean anything could be considered as luck, and you just have to try to explain it some other way to put it on paper, otherwise everything is just luck. If you really want to put it as luck, then every profit ever made was luck, no matter how hard someone worked to find a good trade, just say that "you got lucky that your research turned out to be true, you could have been wrong" and suddenly tens of hours, even hundreds of hours of work could put down as just pure luck.
I understand the point of your post, and I agree.. that every action we take is actually an effort to increase our chances of getting the luck that exists... we try to learn, do trial and error, understand new things, all done to increase our chances of getting that luck.... the more serious we are in achieving something, the greater our chances of success.... and also, there is big and small luck... it is really real...
What needs to be noted is, appreciate our efforts to achieve something too... even though sometimes the end result is not always as expected, but our efforts should not be in vain.
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There is no high tendencies of having luck as a determinant for our trading to be a positive one, though we may engage on a trade and by the virtue of luck and we earn profits from it, but we have to make it as partial thing found applicable on every trades made, we will have to develop ourselves on how to trade, get the knowledge on trade and all necessary and required skills before trading in other to maximize profits and minimize losses.
Luck is always needed in trading. Even though we have done research and made analysis about the market and coins, but sometimes suddenly because of bad news the market crashes and experiences correction. This makes all our analysis seem wrong, because the crypto market is difficult to predict. Although we must always rely on luck, because that condition does not happen all the time, the probability of using knowledge and expertise has a greater chance.
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Trading is buying when the price is below and selling when the price is above, keep repeating it until it repeats itself and makes a profit. To get that moment of profit we must have Experience, Timing and Luck.
Experience, Timing and Luck may not be something that everyone can get by chance because maybe for them one of the emotional factors is also determining so I also believe that for those who are good at controlling their emotions when trading, they can make significant profits.
...
In my opinion, trading itself is about how to maximize opportunities so that we get profit from the transactions that occur... no matter how, our ultimate goal is to make a profit...
Are you a trader? Do you have a trading trick that can consistently make a profit? What method do you use to trade to make a profit?
Can you tell us about the profits and losses you have experienced when trading cryptocurrency?
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Are you a trader? Do you have a trading trick that can consistently make a profit? What method do you use to trade to make a profit?
Can you tell us about the profits and losses you have experienced when trading cryptocurrency?
There's no prefect trading or trick to consistently making a profit all guides and strategies that you can find everywhere needs optimization. So once you learn them you need to optimize it from your experience before you can make a good winning trades and profit.
Why not check this channel Trade Prime (https://www.youtube.com/@TradePrime) and learn from all of his video.
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Are you a trader? Do you have a trading trick that can consistently make a profit? What method do you use to trade to make a profit?
Can you tell us about the profits and losses you have experienced when trading cryptocurrency?
There's no prefect trading or trick to consistently making a profit all guides and strategies that you can find everywhere needs optimization. So once you learn them you need to optimize it from your experience before you can make a good winning trades and profit.
So the conclusion according to you is "experience" because with experience we can find loopholes to gain profit and avoid losses. Is that what you think?
Why not check this channel Trade Prime (https://www.youtube.com/@TradePrime) and learn from all of his video.
I just found out about that YouTube account and it surprised me because with only 10 videos, it has more than 420,000 subscribers.
It seems that the material presented for trading is very easy to understand for everyone, so it has a lot of subscribers too.
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Luck is always needed in trading. Even though we have done research and made analysis about the market and coins, but sometimes suddenly because of bad news the market crashes and experiences correction. This makes all our analysis seem wrong, because the crypto market is difficult to predict. Although we must always rely on luck, because that condition does not happen all the time, the probability of using knowledge and expertise has a greater chance.
I also think luck is important in trading especially in crypto market which can be unpredictable. Even if we do a lot of research and analysis unexpected things can still happen and affect market.But relying only on luck is not good idea.
Luck can help or hurt us in short term but knowledge and expertise are important for making good trading decisions in long term. When we combine research analysis and deep understanding of market we can increase our chances of success.It is good to balance luck with skill and expertise to navigate market unexpected things.
In the end having well informed and adaptable approach is better than relying only on luck.By accepting that luck plays role but not making it our main strategy we can make better decisions and achieve more success in crypto market.
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I just found out about that YouTube account and it surprised me because with only 10 videos, it has more than 420,000 subscribers.
It seems that the material presented for trading is very easy to understand for everyone, so it has a lot of subscribers too.
As you can see on the video that is a basic strategy that includes advance strategies most of the time it works you just need optimize the strategy and another thing is the explanation from video is awesome its easy to understand and all the guide from the channel I applied them all on backtesting tool on tradingview and I found 2 strategies works to me with a bit optimazation. You should try them with a bit optimize
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I just found out about that YouTube account and it surprised me because with only 10 videos, it has more than 420,000 subscribers.
It seems that the material presented for trading is very easy to understand for everyone, so it has a lot of subscribers too.
As you can see on the video that is a basic strategy that includes advance strategies most of the time it works you just need optimize the strategy and another thing is the explanation from video is awesome its easy to understand and all the guide from the channel I applied them all on backtesting tool on tradingview and I found 2 strategies works to me with a bit optimazation. You should try them with a bit optimize
I will learn to understand and practice this video, because so far I have only relied on coin habits in the market, made analysis and relied a little on luck. because after all luck is also needed when trading. because sometimes we have made an analysis, it turns out that the market is correcting and we lose
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I just found out about that YouTube account and it surprised me because with only 10 videos, it has more than 420,000 subscribers.
It seems that the material presented for trading is very easy to understand for everyone, so it has a lot of subscribers too.
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I applied them all on backtesting tool on tradingview and I found 2 strategies works to me with a bit optimazation. You should try them with a bit optimize
I have to try this because I also want to be like you to be able to optimize my success in trading and making profits.
It turns out that in addition to the lucky factor there are also techniques that must be traveled, namely charts, graphics and various supporting factors that I don't know, this is a new knowledge for me , Thnks BitMaxz.
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There is no high tendencies of having luck as a determinant for our trading to be a positive one, though we may engage on a trade and by the virtue of luck and we earn profits from it, but we have to make it as partial thing found applicable on every trades made, we will have to develop ourselves on how to trade, get the knowledge on trade and all necessary and required skills before trading in other to maximize profits and minimize losses.
The first thing that comes before trading is having enough knowledge. A trader can start trading if he has trading knowledge. Profit or loss is a simple matter of trading but having knowledge is essential. We prioritize a trader's knowledge and skills to succeed in trading. The first thing a trader does before starting trading is to use his skills, experience and the 2nd thing can be luck. If we fail in the first task, we will also fail in the 2nd as well.
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The first thing that comes before trading is having enough knowledge. A trader can start trading if he has trading knowledge. Profit or loss is a simple matter of trading but having knowledge is essential. We prioritize a trader's knowledge and skills to succeed in trading. The first thing a trader does before starting trading is to use his skills, experience and the 2nd thing can be luck.
Your are right. Having sufficient knowledge is a must, it is the key to succeed in trading. Without sufficient knowledge, it is impossible to trade in the right way. This is surely not the right way if we trade with a careless way. We must know that crypto is high risk, that's why the role of knowledge is very crucial. Knowledge is the basic thing besides mentality and experience. Smart traders must realize this matter, so they won't start trading hastily.
Anyway, mostly we don't rely on the luck in trading. Even if there is a role of the luck, it won't be as high as in gambling. It is not a significant factor.
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It will be more save to trade with old coins they are more better and you hardly lose money when you are trading on old coins such has Bitcoin, Monero, Litecoin, Dogecoin, and Ethereum, a friend of mine who is a trader was telling me that the most money he has lost is trading with all this new coins he said as a trader if you want to play a safe trade is better you trade with old coin he also said the coin that has given him much profit in trade is Bitcoin and Bitcoin is the the first crypto coin to be created and the best crypto coin in the world, Bitcoin has made a lot of people Rich and should be taken serious.
Agree. Old coins are safer because we can easily analyze them. Old coins also usually have big market caps, there are many investors involved in the coins. It has a big community and the old coins have listed in many big exchanges. With this condition, we don't feel worried about the future of old coins. Bitcoin, Ethereum, and Solana are some of old coins that are very recommended for holding. Bitcoin is always the first choice but we must have an intention to hold other coins, too. The top altcoins are the best choices, they are old altcoins with big market caps.
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I doubt if there is anything like luck in trading crypto, may be if you enter a position and you are fortunate that the market start uptrends movements at time, then it might be regarded as luck. Trading involves learning the basic steps and as you continue trading, you getting some experience. It also requires listening to some of the most experienced traders through social network like Twitter and Telegram for improvements.
As a matter of facts, Trading is not about Luck but it is about acquiring knowledge for daily trading experience.
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I doubt if there is anything like luck in trading crypto, may be if you enter a position and you are fortunate that the market start uptrends movements at time, then it might be regarded as luck. Trading involves learning the basic steps and as you continue trading, you getting some experience. It also requires listening to some of the most experienced traders through social network like Twitter and Telegram for improvements.
As a matter of facts, Trading is not about Luck but it is about acquiring knowledge for daily trading experience.
I agree that trading is not a matter of luck because we have to do research and analysis about coins and markets. But sometimes we are also hit by luck when the market suddenly goes up and we can get big profits. It only comes once in a while, it will not come every day, so it is not something that is consistent and will always come. So instead we rely on analysis.
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I doubt if there is anything like luck in trading crypto, may be if you enter a position and you are fortunate that the market start uptrends movements at time, then it might be regarded as luck. Trading involves learning the basic steps and as you continue trading, you getting some experience. It also requires listening to some of the most experienced traders through social network like Twitter and Telegram for improvements.
As a matter of facts, Trading is not about Luck but it is about acquiring knowledge for daily trading experience.
I agree that trading is not a matter of luck because we have to do research and analysis about coins and markets. But sometimes we are also hit by luck when the market suddenly goes up and we can get big profits. It only comes once in a while, it will not come every day, so it is not something that is consistent and will always come. So instead we rely on analysis.
We cant be able to deny that luck would really be still that relevant when we do make trades specially on the time that you would be making entry and exits because there would really be those kind of timings on which we can really be able to say that it is really just that right we do make out such decision, but we do know when it comes to this aspect that trading is something
that you could really be able to apply some analysis or strategies on which you could be able to take advantage at least. Although it wont really be giving out guarantees or assurance
about precise pointing of possible movements but still it is much more better rather than on doing nothing at all.
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I will learn to understand and practice this video, because so far I have only relied on coin habits in the market, made analysis and relied a little on luck. because after all luck is also needed when trading. because sometimes we have made an analysis, it turns out that the market is correcting and we lose
If you think that trading is based on luck then you are not trading but gambling. We are all in the crypto market there are many competitors out there not only newbie traders but also pro traders that is why we need to analyze the market, chart, the current market condition is to know where the price action will bounce or breakouts that is why we lose most of us use the basic trading strategy without optimizing it pro traders knows what you doing and they can able to outrank you that is why you need to avoid them you should be able to notice this when you do it on backtesting tool until you found the right position where to entry and where to exit.
I'm not a pro trader but experience is the key not always winning at first I suffered to lose a lot of money due to skipping all trading guides and backtesting(want to earn right away) until I learned from my mistakes and made a good profit.
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Trading depends on predictions, but luck plays a big role at times as the market fluctuates constantly. Because if you don't have a good fortune you can't think of a potential and you will make wrong predictions. And if you have a good luck you can automatically make a possible prediction. While everyone accepts that luck is involved in gambling, no one wants to accept that it depends on luck in trading. But I feel that sometimes luck is needed in trading otherwise nothing good can be gained from trading. But luck doesn't matter when it comes to holding.
While trading strategies often rely on predictions based on analysis, market fluctuations can be unpredictable, and sometimes, luck does play a significant role. Even the best strategies can fail if market conditions suddenly shift due to unforeseen events, and at times, a stroke of luck can lead to unexpected gains.
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Trading depends on predictions, but luck plays a big role at times as the market fluctuates constantly. Because if you don't have a good fortune you can't think of a potential and you will make wrong predictions. And if you have a good luck you can automatically make a possible prediction. While everyone accepts that luck is involved in gambling, no one wants to accept that it depends on luck in trading. But I feel that sometimes luck is needed in trading otherwise nothing good can be gained from trading. But luck doesn't matter when it comes to holding.
While trading strategies often rely on predictions based on analysis, market fluctuations can be unpredictable, and sometimes, luck does play a significant role. Even the best strategies can fail if market conditions suddenly shift due to unforeseen events, and at times, a stroke of luck can lead to unexpected gains.
You are right, in trading we also need luck, because no matter how good we are at analyzing if suddenly the market experiences a sharp decline due to negative issues, our analysis will not work. In my opinion, luck does not always come, so many are trapped in trading when the market is not as we expected. Caution is always needed in trading. But It's really difficult..
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I will learn to understand and practice this video, because so far I have only relied on coin habits in the market, made analysis and relied a little on luck. because after all luck is also needed when trading. because sometimes we have made an analysis, it turns out that the market is correcting and we lose
If you think that trading is based on luck then you are not trading but gambling. We are all in the crypto market there are many competitors out there not only newbie traders but also pro traders that is why we need to analyze the market, chart, the current market condition is to know where the price action will bounce or breakouts that is why we lose most of us use the basic trading strategy without optimizing it pro traders knows what you doing and they can able to outrank you that is why you need to avoid them you should be able to notice this when you do it on backtesting tool until you found the right position where to entry and where to exit.
I'm not a pro trader but experience is the key not always winning at first I suffered to lose a lot of money due to skipping all trading guides and backtesting(want to earn right away) until I learned from my mistakes and made a good profit.
Smiles this is one thing possible in the trading journey we don't always make profits at the initial phase most time there will be several lose of funds and when you might have gotten irritated with the condition you often find yourself that is when you would now sit to follow up the normal process after you might have experienced series of lost in trading. One thing we should also note is that those people who are found to be pro today didn't just start instantly or a day it was a gradual process and also their experiences brought them so close to their destinations were we thought they had arrived.
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Smiles this is one thing possible in the trading journey we don't always make profits at the initial phase most time there will be several lose of funds and when you might have gotten irritated with the condition you often find yourself that is when you would now sit to follow up the normal process after you might have experienced series of lost in trading. One thing we should also note is that those people who are found to be pro today didn't just start instantly or a day it was a gradual process and also their experiences brought them so close to their destinations were we thought they had arrived.
Yeah, experience also helps a lot, and loss in trading also helps I guess but it can be prevented that is why there's a paper money and backtesting tool.
I always test my skills even if I don't have much capital I need to be consistent in trading and the backtesting tool helps a lot to save time to test ideas and strategies and to avoid losing funds from bad trading. If you trade without backtesting tools you will lose a lot that was my mistake before avoiding this tool will slow down your learning process in trading.
I still have some losses but not every day(Patience is the key) and I am not greedy I can recover those losses since I only risk a small amount rather than a large profit.
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Smiles this is one thing possible in the trading journey we don't always make profits at the initial phase most time there will be several lose of funds and when you might have gotten irritated with the condition you often find yourself that is when you would now sit to follow up the normal process after you might have experienced series of lost in trading. One thing we should also note is that those people who are found to be pro today didn't just start instantly or a day it was a gradual process and also their experiences brought them so close to their destinations were we thought they had arrived.
Yeah, experience also helps a lot, and loss in trading also helps I guess but it can be prevented that is why there's a paper money and backtesting tool.
I always test my skills even if I don't have much capital I need to be consistent in trading and the backtesting tool helps a lot to save time to test ideas and strategies and to avoid losing funds from bad trading. If you trade without backtesting tools you will lose a lot that was my mistake before avoiding this tool will slow down your learning process in trading.
I still have some losses but not every day(Patience is the key) and I am not greedy I can recover those losses since I only risk a small amount rather than a large profit.
That is why Demo is there for newbie traders that can start trading with demo account to test their knowledge and when they began to make profits from the trade then it shows that they have advanced in knowledge and in practice, meaning their risk index is now minimal unlike those who doesn't practice, and of course if one were losing and later adjusted to start making profit he would recover all that they had lost while at their starting stage.
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While trading strategies often rely on predictions based on analysis, market fluctuations can be unpredictable, and sometimes, luck does play a significant role. Even the best strategies can fail if market conditions suddenly shift due to unforeseen events, and at times, a stroke of luck can lead to unexpected gains.
The strategy will be adjusted based on the market condition. I don't think it will be determined because of the prediction. :-\
Sure, the market can't be always predictable, sometimes there is a sudden change in market trends. That's why we must be ready with some plans when the market changes massively. We can't force to use the same strategy if the market trend has changed. We must have another strategy that may be a more suitable with the new market condition.
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I agree that trading is not a matter of luck because we have to do research and analysis about coins and markets. But sometimes we are also hit by luck when the market suddenly goes up and we can get big profits. It only comes once in a while, it will not come every day, so it is not something that is consistent and will always come. So instead we rely on analysis.
Trading has nothing to do with luck, as you correctly stated. When you make a bad trading decision, you are punished with a deficit, whereas when you make a good trading decision based on proper market analysis and research, you are rewarded with a profit. However, while our analysis does not always yield immediate results, it does yield long-term profits.
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While trading strategies often rely on predictions based on analysis, market fluctuations can be unpredictable, and sometimes, luck does play a significant role. Even the best strategies can fail if market conditions suddenly shift due to unforeseen events, and at times, a stroke of luck can lead to unexpected gains.
The strategy will be adjusted based on the market condition. I don't think it will be determined because of the prediction. :-\
Sure, the market can't be always predictable, sometimes there is a sudden change in market trends. That's why we must be ready with some plans when the market changes massively. We can't force to use the same strategy if the market trend has changed. We must have another strategy that may be a more suitable with the new market condition.
I agree with what you said, strategies can always change following market trends. If the market suddenly experiences a major change, for example experiencing a correction that makes all coins red, we should change our strategy to defensive. That's what I've always done so far.
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While trading strategies often rely on predictions based on analysis, market fluctuations can be unpredictable, and sometimes, luck does play a significant role. Even the best strategies can fail if market conditions suddenly shift due to unforeseen events, and at times, a stroke of luck can lead to unexpected gains.
The strategy will be adjusted based on the market condition. I don't think it will be determined because of the prediction. :-\
Sure, the market can't be always predictable, sometimes there is a sudden change in market trends. That's why we must be ready with some plans when the market changes massively. We can't force to use the same strategy if the market trend has changed. We must have another strategy that may be a more suitable with the new market condition.
I agree with what you said, strategies can always change following market trends. If the market suddenly experiences a major change, for example experiencing a correction that makes all coins red, we should change our strategy to defensive. That's what I've always done so far.
The strategy and method we use always adjust to market conditions as we know if the market changes we should change our strategy because if we do not understand market changes, we will lose. I also do that if I feel the market will change and if I continue using the initial strategy we will lose, As an investor and sometimes trading I also don't want to lose because my main goal in crypto is to make a profit.
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The strategy and method we use always adjust to market conditions as we know if the market changes we should change our strategy because if we do not understand market changes, we will lose. I also do that if I feel the market will change and if I continue using the initial strategy we will lose, As an investor and sometimes trading I also don't want to lose because my main goal in crypto is to make a profit.
Yep. We must adjust the strategy based on the current market condition. There is no single strategy that can fit with all market conditions. That's why we must have varied strategies, we don't rely on a single strategy. This is the importance of learning trading strategies, we will have some alternatives of strategies if we learn it comprehensively.
If you assume a certain strategy doesn't work well anymore, kindly changes the strategy. Sure, our goal should be the profits. And the profits can be gained if we use a proper strategy.
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I agree with what you said, strategies can always change following market trends. If the market suddenly experiences a major change, for example experiencing a correction that makes all coins red, we should change our strategy to defensive. That's what I've always done so far.
It is a fact, things are always like that, I myself have had to change the strategy when the market changes trend, it has happened to me very rarely, but when it is like that, I do not like to change the strategy right away because sometimes the market turns around and takes again the trend that it had, so sometimes when that happens, I simply assume my loss and wait a reasonable time at least until I confirm that the trend has really changed.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Crypto trading has its risks and chances but it's also about taking advantage of opportunities when it presents itself, technically you can say that they a little percent of luck involved but trading is mostly about knowledge and skill set, you cannot just wake up and be a crypto trader you need to dedicate time to studying the market changes and getting familiar with the terms and systems. Learning risk Management when it comes to trading is what makes a trader different from a gambler, there are people that also gamble in crypto trading, they are the ones that makes trading seem like a game of luck
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Crypto trading has its risks and chances but it's also about taking advantage of opportunities when it presents itself, technically you can say that they a little percent of luck involved but trading is mostly about knowledge and skill set, you cannot just wake up and be a crypto trader you need to dedicate time to studying the market changes and getting familiar with the terms and systems. Learning risk Management when it comes to trading is what makes a trader different from a gambler, there are people that also gamble in crypto trading, they are the ones that makes trading seem like a game of luck
You are right about that because those who are trading cryptocurrency especially shitcoin or altcoin made it looks so common that one can easily get successful while trading, most times I calls them the opportunist because they never know what the market holds and immediately they sold out the market could likely dump on people who don't know how it works. Of course those who are trading fully required patient and to study the importance otherwise they will end up regularly losing while trading.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Crypto trading has its risks and chances but it's also about taking advantage of opportunities when it presents itself, technically you can say that they a little percent of luck involved but trading is mostly about knowledge and skill set, you cannot just wake up and be a crypto trader you need to dedicate time to studying the market changes and getting familiar with the terms and systems. Learning risk Management when it comes to trading is what makes a trader different from a gambler, there are people that also gamble in crypto trading, they are the ones that makes trading seem like a game of luck
You are right about that because those who are trading cryptocurrency especially shitcoin or altcoin made it looks so common that one can easily get successful while trading, most times I calls them the opportunist because they never know what the market holds and immediately they sold out the market could likely dump on people who don't know how it works. Of course those who are trading fully required patient and to study the importance otherwise they will end up regularly losing while trading.
many advise not to enter and invest in shitcoin because the risk is very high and unreasonable, those who profit are those who buy early and sell as soon as possible during the hype. so if we only follow FOMO and are late when entering, it is likely that losses will befall us and we will lose our money. It is better to buy coins that have been proven to have a good reputation such as top 10 coins, because it is safer than buying shit coins.
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
Crypto trading has its risks and chances but it's also about taking advantage of opportunities when it presents itself, technically you can say that they a little percent of luck involved but trading is mostly about knowledge and skill set, you cannot just wake up and be a crypto trader you need to dedicate time to studying the market changes and getting familiar with the terms and systems. Learning risk Management when it comes to trading is what makes a trader different from a gambler, there are people that also gamble in crypto trading, they are the ones that makes trading seem like a game of luck
You are right about that because those who are trading cryptocurrency especially shitcoin or altcoin made it looks so common that one can easily get successful while trading, most times I calls them the opportunist because they never know what the market holds and immediately they sold out the market could likely dump on people who don't know how it works. Of course those who are trading fully required patient and to study the importance otherwise they will end up regularly losing while trading.
many advise not to enter and invest in shitcoin because the risk is very high and unreasonable, those who profit are those who buy early and sell as soon as possible during the hype. so if we only follow FOMO and are late when entering, it is likely that losses will befall us and we will lose our money. It is better to buy coins that have been proven to have a good reputation such as top 10 coins, because it is safer than buying shit coins.
Yes you correct buying at the earliest stage can also help someone to make cool profit when the hype has just began although some people mostly regret while selling of their holdings. For instance I can also sight a friend who bought Pepe thereabouts at a very tender age and when it got listed he sold it and when binance listed the coin in their platform it makes another x3 thereabouts at this point began to regret while selling off. The thing is one can't predict when coin is to push very high or push very lower.
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Yes, there is luck in business. But we should know about why and how to trade, the more experience we have, the more profit we will get in trade. Talking about luck, success can be achieved if decisions taken at the right time are taken in business. When we trade in a random exchange with a random coin. Sometimes, this can be very profitable as certain coins are priced very high on certain exchanges…
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many advise not to enter and invest in shitcoin because the risk is very high and unreasonable, those who profit are those who buy early and sell as soon as possible during the hype. so if we only follow FOMO and are late when entering, it is likely that losses will befall us and we will lose our money. It is better to buy coins that have been proven to have a good reputation such as top 10 coins, because it is safer than buying shit coins.
Of course, it is better to avoid shitcoins because they are not recommended for investment or trading. Those people who can be successful in shitcoins, they are just lucky or they are very experienced people in crypto field. If we are just average people, we are better to choose top coins who have good fundamentals, specifically the top coins.
Don't follow FOMO. It is just the way to lose the money. Most of people who follow FOMO, the don't do deep analysis. We should do our own analysis and buy the most potential coins.
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many advise not to enter and invest in shitcoin because the risk is very high and unreasonable, those who profit are those who buy early and sell as soon as possible during the hype. so if we only follow FOMO and are late when entering, it is likely that losses will befall us and we will lose our money. It is better to buy coins that have been proven to have a good reputation such as top 10 coins, because it is safer than buying shit coins.
Of course, it is better to avoid shitcoins because they are not recommended for investment or trading. Those people who can be successful in shitcoins, they are just lucky or they are very experienced people in crypto field. If we are just average people, we are better to choose top coins who have good fundamentals, specifically the top coins.
Don't follow FOMO. It is just the way to lose the money. Most of people who follow FOMO, the don't do deep analysis. We should do our own analysis and buy the most potential coins.
I agree with you that we should not always follow FOMO if we have not done good research, because if we just follow along we will lose our money. I also sometimes follow FOMO but after I do research and make an analysis of the new project. this is also profitable if we buy good coins and the team behind it is clear. but you have to be careful if you don't have experience there.
I only do that with a small capital, because the risk when buying FOMO coins is greater.
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many advise not to enter and invest in shitcoin because the risk is very high and unreasonable, those who profit are those who buy early and sell as soon as possible during the hype. so if we only follow FOMO and are late when entering, it is likely that losses will befall us and we will lose our money. It is better to buy coins that have been proven to have a good reputation such as top 10 coins, because it is safer than buying shit coins.
Of course, it is better to avoid shitcoins because they are not recommended for investment or trading. Those people who can be successful in shitcoins, they are just lucky or they are very experienced people in crypto field. If we are just average people, we are better to choose top coins who have good fundamentals, specifically the top coins.
Don't follow FOMO. It is just the way to lose the money. Most of people who follow FOMO, the don't do deep analysis. We should do our own analysis and buy the most potential coins.
I agree with you that we should not always follow FOMO if we have not done good research, because if we just follow along we will lose our money. I also sometimes follow FOMO but after I do research and make an analysis of the new project. this is also profitable if we buy good coins and the team behind it is clear. but you have to be careful if you don't have experience there.
I only do that with a small capital, because the risk when buying FOMO coins is greater.
When you are still newbie or noob then you are really that susceptible when it comes to this kind of situation on where you would really be definitely be having that kind of reaction on the moment that you will be able to deal up with volatile space. Of course its normal but on the moment that you will really be able to gain up sufficient experience then you would really be having
those kind of adjustments on the moment or time that you do able to encounter on the same situation. It will really be just that a normal approach for someone to have.
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Yes, there is luck in business. But we should know about why and how to trade, the more experience we have, the more profit we will get in trade. Talking about luck, success can be achieved if decisions taken at the right time are taken in business. When we trade in a random exchange with a random coin. Sometimes, this can be very profitable as certain coins are priced very high on certain exchanges…
It is true that the success in any business sector is sometimes determined by the luck, too. However, we can't rely solely on the luck, it is mostly a small factor in the success. In trading, the factors that have big roles are knowledge and experience. We need to do analysis, we need to reach the charts, and we need to make a prediction. These can be done if we have knowledge and experience. That's why we don't rely on the luck in trading because knowledge and experience have bigger influence in the success of trading.
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Yes, there is luck in business. But we should know about why and how to trade, the more experience we have, the more profit we will get in trade. Talking about luck, success can be achieved if decisions taken at the right time are taken in business. When we trade in a random exchange with a random coin. Sometimes, this can be very profitable as certain coins are priced very high on certain exchanges…
It is true that the success in any business sector is sometimes determined by the luck, too. However, we can't rely solely on the luck, it is mostly a small factor in the success. In trading, the factors that have big roles are knowledge and experience. We need to do analysis, we need to reach the charts, and we need to make a prediction. These can be done if we have knowledge and experience. That's why we don't rely on the luck in trading because knowledge and experience have bigger influence in the success of trading.
Chances do come in a big way in achievement but they should not be relied upon fully. Lack of maturity and analysis is the bane of trading and hence; the calls for maturity and analysed decision making in trading. Insight derived from knowledge and experience is way more stable base upon which one can make an assessment of the market trends, patterns of fluctuation as well as gauge risks. With the help of the correct approach used, it is always possible to avoid waiting for an indefinite period and achieve success in the future.
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Luck is definitely in crypto trading because every time we trade in crypto it must be a result between up and down or loss and profit. When we buy a coin with a rate position of 1 dollar and then 2 hours later the price of the coin breaks through the price of 10 dollars then in just 2 hours we have made a profit of up to 1000%, that is luck because we are ready for the risk and the results change with the profit from crypto trading.
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many advise not to enter and invest in shitcoin because the risk is very high and unreasonable, those who profit are those who buy early and sell as soon as possible during the hype. so if we only follow FOMO and are late when entering, it is likely that losses will befall us and we will lose our money. It is better to buy coins that have been proven to have a good reputation such as top 10 coins, because it is safer than buying shit coins.
Playing shitkoin is very risky, if it is a little slow, the funds will be lost, so it is true what pro traders say, never play shitkoin if you are far from your keyboard, you will only waste money, and it is certain that traders are not lucky but carefulness and patience are what provide benefits from the trades they follow.
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many advise not to enter and invest in shitcoin because the risk is very high and unreasonable, those who profit are those who buy early and sell as soon as possible during the hype. so if we only follow FOMO and are late when entering, it is likely that losses will befall us and we will lose our money. It is better to buy coins that have been proven to have a good reputation such as top 10 coins, because it is safer than buying shit coins.
Playing shitkoin is very risky, if it is a little slow, the funds will be lost, so it is true what pro traders say, never play shitkoin if you are far from your keyboard, you will only waste money, and it is certain that traders are not lucky but carefulness and patience are what provide benefits from the trades they follow.
Playing Shitcoin, in addition to the big risk and we have to do it quickly to buy and sell as soon as possible when we get profit because the possibility of prices will fall or rugpull occurs. That's what many people have experienced in the past, don't know now whether it is still crowded in investing in Shitcoin or not because I have come out of the group because now I am not interested in Shitcoin.
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Luck might play a small role in trading, especially when people randomly pick tokens that unexpectedly blow up in value. But most of the time, successful trades come down to skill and strategy.For anyone serious about trading, getting ahead usually means putting in the effort to learn and stay on top of market trends, and there are plenty of tools out there that can help with that. For example, using a maven trading discount code (https://proptraderhub.com/maven-trading-discount-code/) can give access to helpful resources and courses, which can improve your skills and potentially reduce the reliance on “luck.” At the end of the day, trading isn’t a gamble when you have the knowledge and resources to back up your moves.
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Luck might play a small role in trading, especially when people randomly pick tokens that unexpectedly blow up in value. But most of the time, successful trades come down to skill and strategy.
Yep, luck is always there, but when a person goes in with no analysis beforehand, things may go down bad really quickly.
It's essential to trade responsibly in order to avoid such fate and get experience in trading naturally with time.
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Yes, there is luck in business. But we should know about why and how to trade, the more experience we have, the more profit we will get in trade. Talking about luck, success can be achieved if decisions taken at the right time are taken in business. When we trade in a random exchange with a random coin. Sometimes, this can be very profitable as certain coins are priced very high on certain exchanges…
It is true that the success in any business sector is sometimes determined by the luck, too. However, we can't rely solely on the luck, it is mostly a small factor in the success. In trading, the factors that have big roles are knowledge and experience. We need to do analysis, we need to reach the charts, and we need to make a prediction. These can be done if we have knowledge and experience. That's why we don't rely on the luck in trading because knowledge and experience have bigger influence in the success of trading.
Yes, luck plays role in trading but it is very little. I can make good profit depending on luck but that won't be always. If I acquire proper trading knowledge and use that knowledge and experience then I can do better in trading. One is to rely entirely on luck which can be used as equivalent to gambling and the other is to use one's own skills and talents. My personal opinion is that trading is not all about luck. Those who rely on luck in trading must lack of trading skill or knowledge which can not be considered as trading and that should be called as gambling.
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Yes, luck plays role in trading but it is very little. I can make good profit depending on luck but that won't be always. If I acquire proper trading knowledge and use that knowledge and experience then I can do better in trading. One is to rely entirely on luck which can be used as equivalent to gambling and the other is to use one's own skills and talents. My personal opinion is that trading is not all about luck. Those who rely on luck in trading must lack of trading skill or knowledge which can not be considered as trading and that should be called as gambling.
In trading we do not always depend on luck but on our skills, knowledge and experience in trading. luck is a small factor that usually exists in trading and it will not always exist. Because we must have knowledge, good experience and expertise in trading. making analysis before deciding to trade, that's the best way we can do.
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I agree with you that we should not always follow FOMO if we have not done good research, because if we just follow along we will lose our money. I also sometimes follow FOMO but after I do research and make an analysis of the new project. this is also profitable if we buy good coins and the team behind it is clear. but you have to be careful if you don't have experience there.
I only do that with a small capital, because the risk when buying FOMO coins is greater.
If we don't really understand about the FOMO, it is better to stay away from FOMO. I've never planned to follow FOMO, I prefer to choose reputable coins. People follow FOMO mostly for trending coins, many of trending coins are new meme coins. Personally, I am really doubtful with meme coins. I prefer to choose top coins for my investment. I'm a typical of a long term holder, so I collect the coins which can survive a long time.
It is no problem if you understand it. You must follow FOMO because you are experienced enough. But a person like me, prefer to choose safe coins. I'm not really experienced in following FOMO.
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- If a gambler might enter or try trading, he can think that crypto trading is no different from gambling, where luck is the only basis for winning or getting profit.
But if we look at trading as a skill or job, we will not think that it is just a matter of luck; we always give time to learn and understand trading as a trader, which is no different from a university student studying a course.
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- If a gambler might enter or try trading, he can think that crypto trading is no different from gambling, where luck is the only basis for winning or getting profit.
But if we look at trading as a skill or job, we will not think that it is just a matter of luck; we always give time to learn and understand trading as a trader, which is no different from a university student studying a course.
In trading, there are more metrics that are presented to you and you can at least try to analyze them. It would be your loss if you don't try it or do it regularly before going with the position you have in mind.
Otherwise, it's gambling whether the coin would go up and down.
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Chances do come in a big way in achievement but they should not be relied upon fully. Lack of maturity and analysis is the bane of trading and hence; the calls for maturity and analysed decision making in trading. Insight derived from knowledge and experience is way more stable base upon which one can make an assessment of the market trends, patterns of fluctuation as well as gauge risks. With the help of the correct approach used, it is always possible to avoid waiting for an indefinite period and achieve success in the future.
You're right, in fact you made me remember a book by Jesse Livermore, that he was very good at trading, but when he got what we call a sixth sense, he listened to it, and it was something like buying a stock that he shouldn't because it didn't seem to have a future, he bought it but he only followed his instinct and when he saw it he was making money with that stock, then he would say that sometimes we had to follow our instincts as market speculators, of course not all the time, but sometimes it was necessary because sometimes you won inexplicably.
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Trading is not all about luck, we need to learn and have the experience on how to trade before we can be productive in it, someone who doesn't know about trading may finds it difficult to make the very best from it, trading is not like the way we gamble by luck, when we are to go into trading, we need to gather up learning resources that could help achieve using a specific and profitable trading strategy, those that may not have an idea in this can be lacking behind in knowing the right thing or step to take before and during their trades.
People that always think trading is about luck are those people that rely on crypto signals before placing a trade, people like this would never take out their time to learn how to know their way around the market and gain some experiences they just subscribe to a channel and wait for signals hoping to get lucky, you might as well think of playing sports betting because you are taking the financial market as hundred percent gambling, whereas it's a school of learning that you can always learn something everyday. If you continue to think luck us All you need in crypto trading you wouldn't really go far with it
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If we examine it further, it's all based on percentages too... the percentage of winning and the percentage of luck... while the analysis we do, the techniques we apply and the many things we prepare are our own ways to increase our chances of winning in trading... it never guarantees victory in trading, but it can increase the chances of luck being on our side....
So, in my personal opinion, trading or investment or any decision in this world with uncertain results, still depends on luck too, even though the portion is small.
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We need luck in trading, but its not all about having luck alone, we also have to put in some extra efforts in developing our abilities to learn how to trade, when we have developed to an extent a particular trading strategy, then get used to how the market works and the way to speculate and read the direction through which its going, then it may not be too difficult for us in achieving for what we want
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We need luck in trading, but its not all about having luck alone, we also have to put in some extra efforts in developing our abilities to learn how to trade, when we have developed to an extent a particular trading strategy, then get used to how the market works and the way to speculate and read the direction through which its going, then it may not be too difficult for us in achieving for what we want
Luck would really be that still relevant on the moment that you would really be doing trades and this is something which is really that something needed too because all of analysis you had made out and if it turns out that luck isnt on your side then it would really be ending up on a losing trade on which we know that the market does have those kind of unexpected situations or events
on which it could might affect the overall movement or trend on which it might oppose into the other direction if we do speak such as this. It will really be depending into those factors.
It will really be that something you will realize about its relevance but of course you cant be able to rely from it.
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Maybe with other traders it could be just luck, but with traders who have extensive knowledge of trading, they won't really think about it. Of course, if you or we know what we are doing, for sure we will get a profit from the analysis we will do in the trading activity.
Then the real traders do not rely on luck for profit, because trading in the crypto space is not like slot games, where even if you know nothing, you will instantly get a big profit without even doing any trading studies. So if anyone thinks that trading is all about luck, I wish it was called trading gambling. That's why it's not like that, because most people know they are two different things or they are different from one another.
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Maybe with other traders it could be just luck, but with traders who have extensive knowledge of trading, they won't really think about it. Of course, if you or we know what we are doing, for sure we will get a profit from the analysis we will do in the trading activity.
Then the real traders do not rely on luck for profit, because trading in the crypto space is not like slot games, where even if you know nothing, you will instantly get a big profit without even doing any trading studies. So if anyone thinks that trading is all about luck, I wish it was called trading gambling. That's why it's not like that, because most people know they are two different things or they are different from one another.
Trading requires expertise and experience so it does not only rely on luck although sometimes luck will also be present when we do trading. but for a professional trader they will not think about luck but they will always see the results of their analysis when achieving their trading results, whether it is profit or loss.
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Maybe with other traders it could be just luck, but with traders who have extensive knowledge of trading, they won't really think about it. Of course, if you or we know what we are doing, for sure we will get a profit from the analysis we will do in the trading activity.
Then the real traders do not rely on luck for profit, because trading in the crypto space is not like slot games, where even if you know nothing, you will instantly get a big profit without even doing any trading studies. So if anyone thinks that trading is all about luck, I wish it was called trading gambling. That's why it's not like that, because most people know they are two different things or they are different from one another.
Trading requires expertise and experience so it does not only rely on luck although sometimes luck will also be present when we do trading. but for a professional trader they will not think about luck but they will always see the results of their analysis when achieving their trading results, whether it is profit or loss.
You are right a professional trader will not see the luck because for them the influence is small, they believe more in their analysis and strategy. I am not a professional trader, so I sometimes see luck also playing in my trading, because maybe my analysis and prediction skills are not good enough. But I do not depend on luck, I have to learn to sharpen my analysis in order to become a professional trader.
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Luck might play a small role in trading, especially when people randomly pick tokens that unexpectedly blow up in value.
Choosing a random token without our own knowledge is the same as committing suicide for our trading capital. I think having a random token of unknown origin is very dangerous for our funds because the token could turn into a dead coin and no one will buy it,just like your statement is very dangereous for me.
But most of the time, successful trades come down to skill and strategy.
Skills and strategies for trading definitely require a lot of time to learn and I am sure that during the process there will definitely be profits and losses of more than 3% because the rate of change in crypto trading is very fast and this affects Luck.
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Chances do come in a big way in achievement but they should not be relied upon fully. Lack of maturity and analysis is the bane of trading and hence; the calls for maturity and analysed decision making in trading. Insight derived from knowledge and experience is way more stable base upon which one can make an assessment of the market trends, patterns of fluctuation as well as gauge risks. With the help of the correct approach used, it is always possible to avoid waiting for an indefinite period and achieve success in the future.
I don't really understand what you mean. However, the chance can be obtained if we do hard efforts. The hard efforts will be effective if we have good knowledge. It is because we will use proper ways if we have good knowledge. People who don't have good knowledge, they won't understand the right way to do it.
Regarding the maturity, it is all about the mentality aspect. That's why we must be mature enough to do trading. It is simply not a job for kids. Only a mature person who knows how to control emotion and understand about analysis.
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Chances do come in a big way in achievement but they should not be relied upon fully. Lack of maturity and analysis is the bane of trading and hence; the calls for maturity and analysed decision making in trading. Insight derived from knowledge and experience is way more stable base upon which one can make an assessment of the market trends, patterns of fluctuation as well as gauge risks. With the help of the correct approach used, it is always possible to avoid waiting for an indefinite period and achieve success in the future.
I don't really understand what you mean. However, the chance can be obtained if we do hard efforts. The hard efforts will be effective if we have good knowledge. It is because we will use proper ways if we have good knowledge. People who don't have good knowledge, they won't understand the right way to do it.
Regarding the maturity, it is all about the mentality aspect. That's why we must be mature enough to do trading. It is simply not a job for kids. Only a mature person who knows how to control emotion and understand about analysis.
You would be able to realize it sooner or later when we do speak about long term duration trading on which it will really be that normal that you do able to see out on what are the things
that must be done. You will be able to notice it out on how this market works and moves on which on the moment or time that you do able to get sufficient experience, then you do
really know on what you should gonna do. It is really that important that you do really that adapt and making yourself versatile on whatever the things you would really gonna do.
Dont make yourself that being confident that each trades would result out to positive because thats not how it works.
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Trading depends on predictions, but luck plays a big role at times as the market fluctuates constantly. Because if you don't have a good fortune you can't think of a potential and you will make wrong predictions. And if you have a good luck you can automatically make a possible prediction. While everyone accepts that luck is involved in gambling, no one wants to accept that it depends on luck in trading. But I feel that sometimes luck is needed in trading otherwise nothing good can be gained from trading. But luck doesn't matter when it comes to holding.
You said it yourself that the market fluctuates and luck is needed when trading what makes you think that hodling is going be any different from that? I don't think luck plays a big role when it comes to crypto trading this is what makes it different from gambling although there are times that the market can take a different turn from what you analysed, the financial market has it's ups and downs, even expert traders fall into some losses but at the long run their profits would cover it all. One thing that can make you have such result is information, understanding the market and knowing when to take advantage of an opportunity when it comes following the principles of risk management. Crypto trading isn't gambling that has a big amount of luck involved, trading requires constant learning and research
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I know that you have a question as to whether trading is indeed a matter of luck. As helpful as it may sound, one has to say that luck does indeed play a role in trading, even if it seems like some people hit the jackpot on a particular stock for instance.
The issue of trading opposes the concept that luck controls the entire process of trading. While it may take a level of the inside and sheer luck to make trading during a short period possible it is very important to observe that trading is more of skill, strategy and knowledge. There are many ways that traders employ in order to assess markets, establish trends, and make the right choices.
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Trading requires expertise and experience so it does not only rely on luck although sometimes luck will also be present when we do trading. but for a professional trader they will not think about luck but they will always see the results of their analysis when achieving their trading results, whether it is profit or loss.
I agree that trading requires experience. But the most important is still knowledge. Of course, these can't get by luck. To get knowledge and experience, we must focus on learning seriously. Professional traders will apply their knowledge in trading strategy. The experience will be also very helpful. They won't rely on the luck because they know how to trade properly. If we can trader in a proper way, there is a big chance to get good profits.
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Trading requires expertise and experience so it does not only rely on luck although sometimes luck will also be present when we do trading. but for a professional trader they will not think about luck but they will always see the results of their analysis when achieving their trading results, whether it is profit or loss.
I agree that trading requires experience. But the most important is still knowledge. Of course, these can't get by luck. To get knowledge and experience, we must focus on learning seriously. Professional traders will apply their knowledge in trading strategy. The experience will be also very helpful. They won't rely on the luck because they know how to trade properly. If we can trader in a proper way, there is a big chance to get good profits.
In trading we cannot just rely on luck because we must have knowledge and experience by always honing our trading skills. To have expertise in trading takes a long time, to become a professional trader must focus on learning and always try strategies that fit our trading. This may take more than 5 years.
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I know that you have a question as to whether trading is indeed a matter of luck. As helpful as it may sound, one has to say that luck does indeed play a role in trading, even if it seems like some people hit the jackpot on a particular stock for instance.
Only on some occasions trading can be seen as moves of luck, but it is not like that, most of the time it is about having the movement planned and properly studied, not only the technical analysis enters into the analysis, also the fundamental and above all the logic of the person, this is something that will always be present there, or that is why we as good traders should always seek to make the best moves but with study and analysis, not leave this to luck, for me trading is not gambling.
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I don't think luck plays a big role when it comes to crypto trading this is what makes it different from gambling although there are times that the market can take a different turn from what you analysed, the financial market has it's ups and downs, even expert traders fall into some losses but at the long run their profits would cover it all. One thing that can make you have such result is information, understanding the market and knowing when to take advantage of an opportunity when it comes following the principles of risk management.
You're right. If the luck has a big role in trading, it is the same as gambling. In fact, knowledge is the most factor in trading, it has the biggest role in trading. Sure, if we have good knowledge, we can do research or analysis. We can have the ability of fundamental and technical analysis, too. But this won't be easy to master, it needs time to learn it.
Understanding the market trends or market condition is also very important. As a trader, we need to update our information regularly. In addition, mentality is also important. As a trader, we need to have strong mentality and we mustn't be easy influenced by any rumor.
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In trading we cannot just rely on luck because we must have knowledge and experience by always honing our trading skills. To have expertise in trading takes a long time, to become a professional trader must focus on learning and always try strategies that fit our trading. This may take more than 5 years.
It is wrong if we rely on the luck in trading. People only can rely on the luck when they are playing gambling. But in trading, people must rely on the knowledge and their experience. If they have good knowledge and experience, they can increase the chance to get profits. Analysis is very needed in trading, this will determine the entry and exit time. If a trader knows well the time for entry and exit, I'm sure they will easily get profits.
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Well although trading is not all about luck but we can deny the fact that luck plays a minor role in trading
But for traders who have consistently gotten successful it becomes clear that they win that much not because of luck but because of there skill,knowledge and experiences
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In trading we cannot just rely on luck because we must have knowledge and experience by always honing our trading skills. To have expertise in trading takes a long time, to become a professional trader must focus on learning and always try strategies that fit our trading. This may take more than 5 years.
It is wrong if we rely on the luck in trading. People only can rely on the luck when they are playing gambling. But in trading, people must rely on the knowledge and their experience. If they have good knowledge and experience, they can increase the chance to get profits. Analysis is very needed in trading, this will determine the entry and exit time. If a trader knows well the time for entry and exit, I'm sure they will easily get profits.
Agreed we can not only rely on luck in trading because we must have experience and knowledge in trading. make analysis and start to develop strategies to determine targets in order to get maximum profit. if only rely on luck we should gamble, you are right. because becoming a professional trader is not easy and takes a long time.
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Well although trading is not all about luck but we can deny the fact that luck plays a minor role in trading
Yes, trading isn't based on luck. And we can deny luck plays a vital role! If we want to rely on luck, just play gambling. There is no way that we will rely on luck in trading. If we still expect to succeed in trading because of luck, it will never happen. Instead of success, we may keep losses in trading in this way.
But for traders who have consistently gotten successful it becomes clear that they win that much not because of luck but because of there skill,knowledge and experiences
Correct. Knowledge and experience are 2 matters in trading which have vital roles. Having improper of these things, we may have a small chance to succeed. ;)
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Agreed we can not only rely on luck in trading because we must have experience and knowledge in trading. make analysis and start to develop strategies to determine targets in order to get maximum profit. if only rely on luck we should gamble, you are right. because becoming a professional trader is not easy and takes a long time.
We shouldn't rely luck because it is not true in trading. We must rely on our capability or skills. That's why we must have good knowledge. If we have no good knowledge, how we can make analysis? We also can't make any research to know potential coins. We also can decide to use any strategy because we have knowledge. If we have no knowledge, we can't choose any strategy. Moreover if we want to be a professional trader, we must have a lot of knowledge and experience as well.
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We shouldn't rely luck because it is not true in trading. We must rely on our capability or skills. That's why we must have good knowledge. If we have no good knowledge, how we can make analysis? We also can't make any research to know potential coins. We also can decide to use any strategy because we have knowledge. If we have no knowledge, we can't choose any strategy. Moreover if we want to be a professional trader, we must have a lot of knowledge and experience as well.
Agreed, in trading we should not always rely on luck because we must have knowledge, analysis and skills. because in trading we will always be faced with fluctuating and unpredictable market movements, it is not easy to make the right analysis and prediction if we do not have enough experience.
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Well although trading is not all about luck but we can deny the fact that luck plays a minor role in trading
But for traders who have consistently gotten successful it becomes clear that they win that much not because of luck but because of there skill,knowledge and experiences
Unfortunately in trading you can never say with complete certainty that the trader has predicted everything correctly. Even if his forecast came true, it may be a situation where he predicted the price movement incorrectly, but he was just lucky because of luck.
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Unfortunately in trading you can never say with complete certainty that the trader has predicted everything correctly. Even if his forecast came true, it may be a situation where he predicted the price movement incorrectly, but he was just lucky because of luck.
In trading or in investment, nothing can be very certain. Moreover when it is related to prediction, it is just a guess. Although forecast sometimes predicted correctly, it can be lucky. We must know that there is always a chance of unpredictable things in crypto. So, we don't fully rely on the forecast or experts prediction.
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Unfortunately in trading you can never say with complete certainty that the trader has predicted everything correctly. Even if his forecast came true, it may be a situation where he predicted the price movement incorrectly, but he was just lucky because of luck.
In trading or in investment, nothing can be very certain. Moreover when it is related to prediction, it is just a guess. Although forecast sometimes predicted correctly, it can be lucky. We must know that there is always a chance of unpredictable things in crypto. So, we don't fully rely on the forecast or experts prediction.
If we want our predictions to be more accurate, we should learn to analyze and read market movements well, because short-term predictions are more difficult and I often make mistakes, but we can control the risk and change the strategy if there is a market change that could cause us to lose.
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Unfortunately in trading you can never say with complete certainty that the trader has predicted everything correctly. Even if his forecast came true, it may be a situation where he predicted the price movement incorrectly, but he was just lucky because of luck.
In trading or in investment, nothing can be very certain. Moreover when it is related to prediction, it is just a guess. Although forecast sometimes predicted correctly, it can be lucky. We must know that there is always a chance of unpredictable things in crypto. So, we don't fully rely on the forecast or experts prediction.
If we want our predictions to be more accurate, we should learn to analyze and read market movements well, because short-term predictions are more difficult and I often make mistakes, but we can control the risk and change the strategy if there is a market change that could cause us to lose.
Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.
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Unfortunately in trading you can never say with complete certainty that the trader has predicted everything correctly. Even if his forecast came true, it may be a situation where he predicted the price movement incorrectly, but he was just lucky because of luck.
In trading or in investment, nothing can be very certain. Moreover when it is related to prediction, it is just a guess. Although forecast sometimes predicted correctly, it can be lucky. We must know that there is always a chance of unpredictable things in crypto. So, we don't fully rely on the forecast or experts prediction.
I can say without modesty that I laugh at all the experts trying to predict the price of cryptocurrency, and to be specific - Bitcoin. I have been trading for more than 13 years, and have managed to draw many conclusions about which patterns work and which do not. So, returning to the topic of experts - these are ordinary guys and they, like the entire audience, do not know exactly what will happen next.
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Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.
It is something that every trader must learn because it is basic matter in trading. This improves the chance to get profits, this means that the ability and skills have the big roles in trading. I don't know if you really think that the luck is really needed in trading, I think it only has a crucial role in gambling. Even crypto market is sometimes unpredictable, we must know how to deal with the situation if we have proper knowledge. But if we don't have the knowledge, we must feel confused to face the situation. It means it has nothing to do with luck but it is related to knowledge.
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Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.
It is something that every trader must learn because it is basic matter in trading. This improves the chance to get profits, this means that the ability and skills have the big roles in trading. I don't know if you really think that the luck is really needed in trading, I think it only has a crucial role in gambling. Even crypto market is sometimes unpredictable, we must know how to deal with the situation if we have proper knowledge. But if we don't have the knowledge, we must feel confused to face the situation. It means it has nothing to do with luck but it is related to knowledge.
In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
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Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.
It is something that every trader must learn because it is basic matter in trading. This improves the chance to get profits, this means that the ability and skills have the big roles in trading. I don't know if you really think that the luck is really needed in trading, I think it only has a crucial role in gambling. Even crypto market is sometimes unpredictable, we must know how to deal with the situation if we have proper knowledge. But if we don't have the knowledge, we must feel confused to face the situation. It means it has nothing to do with luck but it is related to knowledge.
In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
Agreed, facing uncertain characteristics that crypto markets present, it is crucial to create a strong data-driven plan and deep analysis to be prepared for different changes. The synthesis of these two approaches will enhance the capacity of reading market features more effectively. Moreover, dynamic assessment of the portfolio and the applied strategies is necessary to meet conditions at the market. When is comes to trading it becomes very important to be coherent and enhance your skills through learning through simulations or even practicing on a demo account so as to reduce the level of loss. Other source of knowledge acquisition is also an efficient network with the experienced traders in order to build more new tricks to powder up the adaptive skills in investments.
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Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.
It is something that every trader must learn because it is basic matter in trading. This improves the chance to get profits, this means that the ability and skills have the big roles in trading. I don't know if you really think that the luck is really needed in trading, I think it only has a crucial role in gambling. Even crypto market is sometimes unpredictable, we must know how to deal with the situation if we have proper knowledge. But if we don't have the knowledge, we must feel confused to face the situation. It means it has nothing to do with luck but it is related to knowledge.
In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
The market does change from cycle to cycle and on a smaller scale too, so it's natural for traders to be able to adapt to the conditions of a new chart they find themselves in and utilize their knowledge and expertise accordingly.
It's hard to be ready for everything, but it's worth trying to at least try.
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The market does change from cycle to cycle and on a smaller scale too, so it's natural for traders to be able to adapt to the conditions of a new chart they find themselves in and utilize their knowledge and expertise accordingly.
It's hard to be ready for everything, but it's worth trying to at least try.
The market didn't change, crypto prices which change from one cycle to another cycle. However, I think it is normal because there is no trend that can last forever. People interest also can change, they may have the interest to another thing, they don't only focus on crypto market. yes, knowledge is needed to analyze the possible change in crypto market. If we have no knowledge we can't analyze anything, we have no idea to deal with the possible chance in crypto market if we have improper knowledge.
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The market does change from cycle to cycle and on a smaller scale too, so it's natural for traders to be able to adapt to the conditions of a new chart they find themselves in and utilize their knowledge and expertise accordingly.
It's hard to be ready for everything, but it's worth trying to at least try.
The market didn't change, crypto prices which change from one cycle to another cycle. However, I think it is normal because there is no trend that can last forever. People interest also can change, they may have the interest to another thing, they don't only focus on crypto market. yes, knowledge is needed to analyze the possible change in crypto market. If we have no knowledge we can't analyze anything, we have no idea to deal with the possible chance in crypto market if we have improper knowledge.
Knowledege is always needed in investing, this is the main requirement that we must have in order to decline in investing we understand. So everyone is looking for knowledge and experience so as not to make the wrong strategy and analysis. Especially in trading, also requires experience and skills in order to get maximum benefits.
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The market does change from cycle to cycle and on a smaller scale too, so it's natural for traders to be able to adapt to the conditions of a new chart they find themselves in and utilize their knowledge and expertise accordingly.
It's hard to be ready for everything, but it's worth trying to at least try.
The market didn't change, crypto prices which change from one cycle to another cycle. However, I think it is normal because there is no trend that can last forever. People interest also can change, they may have the interest to another thing, they don't only focus on crypto market. yes, knowledge is needed to analyze the possible change in crypto market. If we have no knowledge we can't analyze anything, we have no idea to deal with the possible chance in crypto market if we have improper knowledge.
Knowledege is always needed in investing, this is the main requirement that we must have in order to decline in investing we understand. So everyone is looking for knowledge and experience so as not to make the wrong strategy and analysis. Especially in trading, also requires experience and skills in order to get maximum benefits.
Although sometimes we see luck in trading, but most people do not need it, because a professional trader believes more in analysis and experience and never talks about luck.
We always need knowledge, experience and learning to train skills in trading, I agree with this.
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Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.
It is something that every trader must learn because it is basic matter in trading. This improves the chance to get profits, this means that the ability and skills have the big roles in trading. I don't know if you really think that the luck is really needed in trading, I think it only has a crucial role in gambling. Even crypto market is sometimes unpredictable, we must know how to deal with the situation if we have proper knowledge. But if we don't have the knowledge, we must feel confused to face the situation. It means it has nothing to do with luck but it is related to knowledge.
In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
Trading requires experience without experience no one can make profit in trading. If one depends on luck in trading then he will make a big mistake because trading requires experience more than depending on luck. But I think gambling depends on luck. Gambling can be done but experience is needed in trading. Those who have more experience in trading have less chance of losing. Sometimes losses need experience to bring them back.
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Trading requires experience without experience no one can make profit in trading. If one depends on luck in trading then he will make a big mistake because trading requires experience more than depending on luck. But I think gambling depends on luck. Gambling can be done but experience is needed in trading. Those who have more experience in trading have less chance of losing. Sometimes losses need experience to bring them back.
Agreed experience will minimize our losses in trading, the funds you said are true trading requires knowledge and experience and our expertise in managing risk, because this is closely related to the risk we take. We cannot trade and only rely on luck, because trading is not gambling. if in gambling we can rely on luck, but this is different from trading.
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Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.
It is something that every trader must learn because it is basic matter in trading. This improves the chance to get profits, this means that the ability and skills have the big roles in trading. I don't know if you really think that the luck is really needed in trading, I think it only has a crucial role in gambling. Even crypto market is sometimes unpredictable, we must know how to deal with the situation if we have proper knowledge. But if we don't have the knowledge, we must feel confused to face the situation. It means it has nothing to do with luck but it is related to knowledge.
In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
Trading requires experience without experience no one can make profit in trading. If one depends on luck in trading then he will make a big mistake because trading requires experience more than depending on luck. But I think gambling depends on luck. Gambling can be done but experience is needed in trading. Those who have more experience in trading have less chance of losing. Sometimes losses need experience to bring them back.
Indeed, it has to do more than just luck, as it has been seen that trading really does depend on experience. The never ending speculation that characterizes a game of chance was replaced by the specific knowledge of various forms of analysis, risk management, and operations carried out by traders. Experience also explains how an Iraq trader can be in a position to manage emotions, and manage situations and loss. In fact, it makes losses as constructive which makes a person wiser in reading the market and articulating a better figure in the future. Hence, it’s only effective for a trader to constantly be patient, keep on learning and adapt depending on the experience one has gained in the trade.
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If we want our predictions to be more accurate, we should learn to analyze and read market movements well, because short-term predictions are more difficult and I often make mistakes, but we can control the risk and change the strategy if there is a market change that could cause us to lose.
I think we can't make any prediction if we have no ability in analyzing. It is also difficult to predict anything without knowing the market condition. Whether we analyze the short term or long term condition, both of them need many considerations. We learn the technical and fundamental aspects.
I can say without modesty that I laugh at all the experts trying to predict the price of cryptocurrency, and to be specific - Bitcoin. I have been trading for more than 13 years, and have managed to draw many conclusions about which patterns work and which do not. So, returning to the topic of experts - these are ordinary guys and they, like the entire audience, do not know exactly what will happen next.
Yes, all of them are actually normal people. They only have more experience, so they can make analysis. There is no problem that they want to make any prediction. But we don't fully trust them, it is better we have our own analysis and own prediction. I personally prefer our own way in prediction.
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In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
You have done the right way in trading. ;)
Yep, we don't rely on the luck because trading has nothing to do with luck. Trading is about knowledge, we can trade in the right way if we have the knowledge. Experience is also another factor, this is really helpful in trading. With experience, we know how to deal with any condition in crypto market. If we have this ability, we even can get profits both in bearish and bullish season. This is what professional traders do!!
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Sometimes I wonder if trading is about luck because a fellow said she has luck on a single trade and made fortune out of it, this now occurred to me to raise this topic because I know that trading is not something that works with possibility unlike gambling that works as luck.
Most time I do realized that those saying about luck is not actually luck in trading rather the luck comes when they invested in a random coin/token out there and possibly the token gain much attention over the media which made the price to surge above what they initially invested, so they decides to sell to have a good cash out at this point they would term it as someone who traded and make profits from it.
In other way round what they did is random investment all known to be scalping, during scalping when you buy any assets along the line the assets increases in price you could decide to sell and take profit to wait for another good entering point that could be for them to buy another good coin.
In life, everything works in our favor when luck is by our side. Though trading doesn't literally depends on luck as gambling do. And that because I'm trading, you get to do some analysis and try to predict using your analysis where the market is heading. And it's actually visible to you if you know how to. Gambling is different as we know. When you have good knowledge about trading and understands the market dynamics, then it becomes easier to navigate the market. So as a trader even if you want to rely on luck, you should as well know about the market.
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Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.
It is something that every trader must learn because it is basic matter in trading. This improves the chance to get profits, this means that the ability and skills have the big roles in trading. I don't know if you really think that the luck is really needed in trading, I think it only has a crucial role in gambling. Even crypto market is sometimes unpredictable, we must know how to deal with the situation if we have proper knowledge. But if we don't have the knowledge, we must feel confused to face the situation. It means it has nothing to do with luck but it is related to knowledge.
In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
You are right because change is constant and the ability of you to always adopt to that change when it comes around is the best thing for you in order to become a profitable trader. If you’ve been studying the market before taking any trade, it requires that you get acquainted to the directions of the market so that when you see anything abnormal, you can just know that there is going to be a shift in the direction of the market. Such indicators are what big traders are looking for in order to win big from the market, they don’t rely on all the technical analysis that people prefer to predicts the market to always go up. The disadvantages should also be known and shared across to newbies in order to really know what they’re in for.
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Luck always helps but never at the right time. Then it is necessary to learn why and how to trade and after that the more experience we have, the more we see the advantage in trading. Trading is not like we do by luck. As gambling, when we are going to trade, we need to gather learning resources that can help us achieve accurate and profitable trading strategies.
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Luck always helps but never at the right time. Then it is necessary to learn why and how to trade and after that the more experience we have, the more we see the advantage in trading. Trading is not like we do by luck. As gambling, when we are going to trade, we need to gather learning resources that can help us achieve accurate and profitable trading strategies.
Yeah, there is a difference from gambling, - the fact that you can utilize may factors and do your own research before entering the position, whereas in gambling you know for sure that only luck would push your progress and potential profit.
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Luck always helps but never at the right time. Then it is necessary to learn why and how to trade and after that the more experience we have, the more we see the advantage in trading. Trading is not like we do by luck. As gambling, when we are going to trade, we need to gather learning resources that can help us achieve accurate and profitable trading strategies.
Yeah, there is a difference from gambling, - the fact that you can utilize may factors and do your own research before entering the position, whereas in gambling you know for sure that only luck would push your progress and potential profit.
Gambling as people keep seeing it can't be generally categorize as trading I think I have mentioned this before that people always term it trading to be gambling. If they are trading trusted coins such as bitcoin then it's not gambling because you would hardly lose your coin, since there is enough liquidity in bitcoin unlike other newly launched coins.
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Luck always helps but never at the right time. Then it is necessary to learn why and how to trade and after that the more experience we have, the more we see the advantage in trading. Trading is not like we do by luck. As gambling, when we are going to trade, we need to gather learning resources that can help us achieve accurate and profitable trading strategies.
Yeah, there is a difference from gambling, - the fact that you can utilize may factors and do your own research before entering the position, whereas in gambling you know for sure that only luck would push your progress and potential profit.
Gambling as people keep seeing it can't be generally categorize as trading I think I have mentioned this before that people always term it trading to be gambling. If they are trading trusted coins such as bitcoin then it's not gambling because you would hardly lose your coin, since there is enough liquidity in bitcoin unlike other newly launched coins.
People saying trading is gambling is like insulting those that spent years honing their skills
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In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
You have done the right way in trading. ;)
Yep, we don't rely on the luck because trading has nothing to do with luck. Trading is about knowledge, we can trade in the right way if we have the knowledge. Experience is also another factor, this is really helpful in trading. With experience, we know how to deal with any condition in crypto market. If we have this ability, we even can get profits both in bearish and bullish season. This is what professional traders do!!
I also agree, it's a big lie to say that trading is all about luck just like gambling. Because what's the point of skills or learning about indicators used in trading if it's all about luck? right?
Trading, after all, can be considered as a course because there is a lot to study here, and learning trading is not a joke like here in the crypto space because everything that can be learned and studied here can also be used in reality as well in the stockmarket, forex and here in crypto trading.
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Luck always helps but never at the right time. Then it is necessary to learn why and how to trade and after that the more experience we have, the more we see the advantage in trading. Trading is not like we do by luck. As gambling, when we are going to trade, we need to gather learning resources that can help us achieve accurate and profitable trading strategies.
Yeah, there is a difference from gambling, - the fact that you can utilize may factors and do your own research before entering the position, whereas in gambling you know for sure that only luck would push your progress and potential profit.
Gambling as people keep seeing it can't be generally categorize as trading I think I have mentioned this before that people always term it trading to be gambling. If they are trading trusted coins such as bitcoin then it's not gambling because you would hardly lose your coin, since there is enough liquidity in bitcoin unlike other newly launched coins.
People saying trading is gambling is like insulting those that spent years honing their skills
If you trade using only the instincts with the coins having a low cap and only their communities as their support and liquidity - yeah, I would consider it a gamble, the one that has potential, but nevertheless.
Otherwise - it's trading.
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Luck is always there... and in trading we can also say that we rely on luck... but the percentage of luck can be adjusted to our efforts...
Analysis, learning, and experience can increase our chances of being lucky in trading... the greater the possibility of our luck, the higher our chances of always winning in trading... this is logical, right?
And luck in gambling is different from profit in trading... gambling such as slot machines, lottery cannot be learned and it relies purely on luck... and because trading can be learned the nature of the market, it makes trading patterns can be learned...
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Luck is always there... and in trading we can also say that we rely on luck... but the percentage of luck can be adjusted to our efforts...
Analysis, learning, and experience can increase our chances of being lucky in trading... the greater the possibility of our luck, the higher our chances of always winning in trading... this is logical, right?
And luck in gambling is different from profit in trading... gambling such as slot machines, lottery cannot be learned and it relies purely on luck... and because trading can be learned the nature of the market, it makes trading patterns can be learned...
Yes, luck will always be there, but we should not always hope for luck in trading, trading requires analysis, experience and skills that we must have so that in trading we do not depend on luck.
while in gambling it depends more on luck, because of course I am not a gambler, I only heard from many friends who told me, gambling is different from trading.
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Luck is always there... and in trading we can also say that we rely on luck... but the percentage of luck can be adjusted to our efforts...
Analysis, learning, and experience can increase our chances of being lucky in trading... the greater the possibility of our luck, the higher our chances of always winning in trading... this is logical, right?
And luck in gambling is different from profit in trading... gambling such as slot machines, lottery cannot be learned and it relies purely on luck... and because trading can be learned the nature of the market, it makes trading patterns can be learned...
Yes, luck will always be there, but we should not always hope for luck in trading, trading requires analysis, experience and skills that we must have so that in trading we do not depend on luck.
while in gambling it depends more on luck, because of course I am not a gambler, I only heard from many friends who told me, gambling is different from trading.
Agreed, in trading luck is important, but luck alone will not make you consistently rich. It also involves a fundamental analysis together with a technical analysis and the most importantly the market condition of the security being traded. Inexperience is also very dangerous when it comes to risk management; however, the value helps to ensure that each trade is a decision and not a gamble. While in case of gambling the results are random and cannot be predicted, when a person loses he loses money immediately and he cannot even get it back.
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Luck always helps but never at the right time. Then it is necessary to learn why and how to trade and after that the more experience we have, the more we see the advantage in trading. Trading is not like we do by luck. As gambling, when we are going to trade, we need to gather learning resources that can help us achieve accurate and profitable trading strategies.
Yeah, there is a difference from gambling, - the fact that you can utilize may factors and do your own research before entering the position, whereas in gambling you know for sure that only luck would push your progress and potential profit.
Gambling as people keep seeing it can't be generally categorize as trading I think I have mentioned this before that people always term it trading to be gambling. If they are trading trusted coins such as bitcoin then it's not gambling because you would hardly lose your coin, since there is enough liquidity in bitcoin unlike other newly launched coins.
People saying trading is gambling is like insulting those that spent years honing their skills
This is why I don't like people saying trading is gambling because they don't actually know how to classify trading because when they gamble with altcoin and they lose it entirely, it's then they would say trading is gambling but when they enters trading with reputable coin that doesn't lose its value just like that you will say that they will definitely benefits from it.
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This is why I don't like people saying trading is gambling because they don't actually know how to classify trading because when they gamble with altcoin and they lose it entirely, it's then they would say trading is gambling but when they enters trading with reputable coin that doesn't lose its value just like that you will say that they will definitely benefits from it.
Trading is not gambling because it requires knowledge, experience and skills in making analysis and reading charts and also having a good strategy in order to get maximum profit.
becoming a trader takes a long time to learn even a professional trader takes 5 years with their focus on having expertise in trading.
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In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
You have done the right way in trading. ;)
Yep, we don't rely on the luck because trading has nothing to do with luck. Trading is about knowledge, we can trade in the right way if we have the knowledge. Experience is also another factor, this is really helpful in trading. With experience, we know how to deal with any condition in crypto market. If we have this ability, we even can get profits both in bearish and bullish season. This is what professional traders do!!
A professional trader knows when to trade and when to avoid trading. Avoid trading when the market is bad. If one trades when the market is going bad then one can incur losses in trading. Trading can be profitable when the market conditions are good. We need a lot of knowledge and experience to make a profit in trading.If one does not have experience in trading he will never be able to profit. Trading is never based on luck. The more we do trading the more experience we can gain about trading.
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In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
You have done the right way in trading. ;)
Yep, we don't rely on the luck because trading has nothing to do with luck. Trading is about knowledge, we can trade in the right way if we have the knowledge. Experience is also another factor, this is really helpful in trading. With experience, we know how to deal with any condition in crypto market. If we have this ability, we even can get profits both in bearish and bullish season. This is what professional traders do!!
A professional trader knows when to trade and when to avoid trading. Avoid trading when the market is bad. If one trades when the market is going bad then one can incur losses in trading. Trading can be profitable when the market conditions are good. We need a lot of knowledge and experience to make a profit in trading.If one does not have experience in trading he will never be able to profit. Trading is never based on luck. The more we do trading the more experience we can gain about trading.
You are right, I also sometimes avoid trading when the market is bad and wait until the market is getting better and I do scalping when the market starts to climb.
although I am not a professional trader because I still often experience losses when trading.
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You are right, I also sometimes avoid trading when the market is bad and wait until the market is getting better and I do scalping when the market starts to climb. although I am not a professional trader because I still often experience losses when trading.
It is okay if you prefer to stop trading if the market condition looks bad. It is better to focus buying potential coins for a long term holding. When the market looks like to rebound, it is good time to trade again because it will be easier to get profits. We don't need to wait for a long time to see the green market anymore. However, this requires analysis to know when the market will likely rebound again.
Scalping is good but you need to know it well. It can be worse thing to do if you have lack knowledge about scalping. It is also the same as arbitrage, we don't do this carelessly. This is not for newbies, it is for experienced people.
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In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
You have done the right way in trading. ;)
Yep, we don't rely on the luck because trading has nothing to do with luck. Trading is about knowledge, we can trade in the right way if we have the knowledge. Experience is also another factor, this is really helpful in trading. With experience, we know how to deal with any condition in crypto market. If we have this ability, we even can get profits both in bearish and bullish season. This is what professional traders do!!
A professional trader knows when to trade and when to avoid trading. Avoid trading when the market is bad. If one trades when the market is going bad then one can incur losses in trading. Trading can be profitable when the market conditions are good. We need a lot of knowledge and experience to make a profit in trading.If one does not have experience in trading he will never be able to profit. Trading is never based on luck. The more we do trading the more experience we can gain about trading.
You are right, I also sometimes avoid trading when the market is bad and wait until the market is getting better and I do scalping when the market starts to climb.
although I am not a professional trader because I still often experience losses when trading.
It would be wrong to trade with the thought that you will always gain from trading because some times you will gain from trading and some times you will lose from trading. A professional trader will start trading after understanding the state of the market because he risks his money for small mistakes. It will wear in. Those who are professional traders have very less chance of loss. We can profit from trading only if we have a good idea about trading.
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In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
You have done the right way in trading. ;)
Yep, we don't rely on the luck because trading has nothing to do with luck. Trading is about knowledge, we can trade in the right way if we have the knowledge. Experience is also another factor, this is really helpful in trading. With experience, we know how to deal with any condition in crypto market. If we have this ability, we even can get profits both in bearish and bullish season. This is what professional traders do!!
A professional trader knows when to trade and when to avoid trading. Avoid trading when the market is bad. If one trades when the market is going bad then one can incur losses in trading. Trading can be profitable when the market conditions are good. We need a lot of knowledge and experience to make a profit in trading.If one does not have experience in trading he will never be able to profit. Trading is never based on luck. The more we do trading the more experience we can gain about trading.
You are right, I also sometimes avoid trading when the market is bad and wait until the market is getting better and I do scalping when the market starts to climb.
although I am not a professional trader because I still often experience losses when trading.
It is really that part of strategy on which you should really know on when to trade and when its not. Knowing the market condition whether its too volatile or not then it would really be that up to you whether you would be making up some trading or would really be letting the market settles first before you would really be making any move. It wont really be that a bad idea that you should really making up those kind of considerations on the moment or time that you do find yourself dealing up with the market. There would really be that right timing on when to get in
and when to get out and to those times that you should be having some short pause on doing up trades.
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In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
You have done the right way in trading. ;)
Yep, we don't rely on the luck because trading has nothing to do with luck. Trading is about knowledge, we can trade in the right way if we have the knowledge. Experience is also another factor, this is really helpful in trading. With experience, we know how to deal with any condition in crypto market. If we have this ability, we even can get profits both in bearish and bullish season. This is what professional traders do!!
A professional trader knows when to trade and when to avoid trading. Avoid trading when the market is bad. If one trades when the market is going bad then one can incur losses in trading. Trading can be profitable when the market conditions are good. We need a lot of knowledge and experience to make a profit in trading.If one does not have experience in trading he will never be able to profit. Trading is never based on luck. The more we do trading the more experience we can gain about trading.
You are right, I also sometimes avoid trading when the market is bad and wait until the market is getting better and I do scalping when the market starts to climb.
although I am not a professional trader because I still often experience losses when trading.
It is really that part of strategy on which you should really know on when to trade and when its not. Knowing the market condition whether its too volatile or not then it would really be that up to you whether you would be making up some trading or would really be letting the market settles first before you would really be making any move. It wont really be that a bad idea that you should really making up those kind of considerations on the moment or time that you do find yourself dealing up with the market. There would really be that right timing on when to get in
and when to get out and to those times that you should be having some short pause on doing up trades.
Timing is also an essential factor of our plan to know when to trade very actively and when to remain passive. Whether a market is too volatile to forecast is not a decision that is necessarily easy to make and is one that improves with experience. The potential to decide to do nothing until the market starts to move again is actually wise. This kind of consideration means we have a better handle on our risk exposure than might occur in a situation where there are sudden fluctuations. We will also determine the best time to enter and exit into the market, and providing time to rest from trading can also be one way of cutting down volatility in our decisions.
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Timing is also an essential factor of our plan to know when to trade very actively and when to remain passive. Whether a market is too volatile to forecast is not a decision that is necessarily easy to make and is one that improves with experience. The potential to decide to do nothing until the market starts to move again is actually wise. This kind of consideration means we have a better handle on our risk exposure than might occur in a situation where there are sudden fluctuations. We will also determine the best time to enter and exit into the market, and providing time to rest from trading can also be one way of cutting down volatility in our decisions.
Trading basically depends entirely on experience and skill. It can't be said to depend on luck because the market never changes differently for individual so we can't say that it depends on luck if it depends on luck then it will prove that every trader has the same luck. Profit from trading depends on how well you know the market. And how well you can analyze. Even more important is whether you are able to close your positions at the right time. The more timely he can close his position, the more profitable he is
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Timing is also an essential factor of our plan to know when to trade very actively and when to remain passive. Whether a market is too volatile to forecast is not a decision that is necessarily easy to make and is one that improves with experience. The potential to decide to do nothing until the market starts to move again is actually wise. This kind of consideration means we have a better handle on our risk exposure than might occur in a situation where there are sudden fluctuations. We will also determine the best time to enter and exit into the market, and providing time to rest from trading can also be one way of cutting down volatility in our decisions.
Trading basically depends entirely on experience and skill. It can't be said to depend on luck because the market never changes differently for individual so we can't say that it depends on luck if it depends on luck then it will prove that every trader has the same luck. Profit from trading depends on how well you know the market. And how well you can analyze. Even more important is whether you are able to close your positions at the right time. The more timely he can close his position, the more profitable he is
Luck and timing are also there, in my opinion, they are just not the main factors in this kind of activity. Mostly the thinks you described affect what you can get from it.
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In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
You have done the right way in trading. ;)
Yep, we don't rely on the luck because trading has nothing to do with luck. Trading is about knowledge, we can trade in the right way if we have the knowledge. Experience is also another factor, this is really helpful in trading. With experience, we know how to deal with any condition in crypto market. If we have this ability, we even can get profits both in bearish and bullish season. This is what professional traders do!!
A professional trader knows when to trade and when to avoid trading. Avoid trading when the market is bad. If one trades when the market is going bad then one can incur losses in trading. Trading can be profitable when the market conditions are good. We need a lot of knowledge and experience to make a profit in trading.If one does not have experience in trading he will never be able to profit. Trading is never based on luck. The more we do trading the more experience we can gain about trading.
You are right, I also sometimes avoid trading when the market is bad and wait until the market is getting better and I do scalping when the market starts to climb.
although I am not a professional trader because I still often experience losses when trading.
A professional trader is not exempted from losses, they run at loss too. If you are making more profit than losses win trading, it means that trading is good for you and you should continue, but if you are running at loss more than profit, it is better that you stop trading. Trading is not by force but it should be that you are passionate about it, and have your own strategy that you can come up with to help you be profitable when trading.
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A professional trader is not exempted from losses, they run at loss too. If you are making more profit than losses win trading, it means that trading is good for you and you should continue, but if you are running at loss more than profit, it is better that you stop trading. Trading is not by force but it should be that you are passionate about it, and have your own strategy that you can come up with to help you be profitable when trading.
At the beginning of my trading I also often experienced losses and I did not give up and learned to change strategies, deepening the analysis because becoming a trader who can get higher profits than losses is not easy and requires experience. Currently I always practice by analyzing every mistake I make with focus, finally now I can get profit in every trade I make. because risk management is also needed in trading.
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A professional trader is not exempted from losses, they run at loss too. If you are making more profit than losses win trading, it means that trading is good for you and you should continue, but if you are running at loss more than profit, it is better that you stop trading. Trading is not by force but it should be that you are passionate about it, and have your own strategy that you can come up with to help you be profitable when trading.
At the beginning of my trading I also often experienced losses and I did not give up and learned to change strategies, deepening the analysis because becoming a trader who can get higher profits than losses is not easy and requires experience. Currently I always practice by analyzing every mistake I make with focus, finally now I can get profit in every trade I make. because risk management is also needed in trading.
However, every trader knows that he is going to loss sometime and it is very normal. When we are able to make more revenues than the expenses incurred during the operation, then we realize that we are on the right path, and have the right plan. In trading we cannot afford to remain static because the situation keep changing in the market place. If we can identify a pattern that yield positive result, it makes sense to keep on with and optimize the approach.
If we subject ourselves to more losses than profits, this is an indication that we may require a change of strategy. It should not be a business of forcing or pushing but doing what you love with a good plan. We have to develop something like our own favorite strategy that is more tailored to our personalities, where things like organization and contingency assessment always form a part of the equation. Having learned how to identify the right level of risk and potential profit we would be able to move forward to further becoming master traders.
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A professional trader is not exempted from losses, they run at loss too. If you are making more profit than losses win trading, it means that trading is good for you and you should continue, but if you are running at loss more than profit, it is better that you stop trading. Trading is not by force but it should be that you are passionate about it, and have your own strategy that you can come up with to help you be profitable when trading.
At the beginning of my trading I also often experienced losses and I did not give up and learned to change strategies, deepening the analysis because becoming a trader who can get higher profits than losses is not easy and requires experience. Currently I always practice by analyzing every mistake I make with focus, finally now I can get profit in every trade I make. because risk management is also needed in trading.
Would you be able to become a full-time trader with your experience, or you still would only leave it as a side job of sorts?
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Timing is also an essential factor of our plan to know when to trade very actively and when to remain passive. Whether a market is too volatile to forecast is not a decision that is necessarily easy to make and is one that improves with experience. The potential to decide to do nothing until the market starts to move again is actually wise. This kind of consideration means we have a better handle on our risk exposure than might occur in a situation where there are sudden fluctuations. We will also determine the best time to enter and exit into the market, and providing time to rest from trading can also be one way of cutting down volatility in our decisions.
Trading basically depends entirely on experience and skill. It can't be said to depend on luck because the market never changes differently for individual so we can't say that it depends on luck if it depends on luck then it will prove that every trader has the same luck. Profit from trading depends on how well you know the market. And how well you can analyze. Even more important is whether you are able to close your positions at the right time. The more timely he can close his position, the more profitable he is
Yes i also did not think trading is only depend on luck. Luck need to success in trading but it is one part. Experience and skill also important part to profit in trading. Without Experience and skill anyone couldn’t profit in trading i strongly believe it.
I think who will trade only depend on luck hw will be losser there has no doubt. But of anyone were skilled an experienced he will be successful in trading today or tomorrow. So my advice if anyone want to trade please gather knowledge about trading.
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In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
You have done the right way in trading. ;)
Yep, we don't rely on the luck because trading has nothing to do with luck. Trading is about knowledge, we can trade in the right way if we have the knowledge. Experience is also another factor, this is really helpful in trading. With experience, we know how to deal with any condition in crypto market. If we have this ability, we even can get profits both in bearish and bullish season. This is what professional traders do!!
A professional trader knows when to trade and when to avoid trading. Avoid trading when the market is bad. If one trades when the market is going bad then one can incur losses in trading. Trading can be profitable when the market conditions are good. We need a lot of knowledge and experience to make a profit in trading.If one does not have experience in trading he will never be able to profit. Trading is never based on luck. The more we do trading the more experience we can gain about trading.
You are right, I also sometimes avoid trading when the market is bad and wait until the market is getting better and I do scalping when the market starts to climb.
although I am not a professional trader because I still often experience losses when trading.
It is really that part of strategy on which you should really know on when to trade and when its not. Knowing the market condition whether its too volatile or not then it would really be that up to you whether you would be making up some trading or would really be letting the market settles first before you would really be making any move. It wont really be that a bad idea that you should really making up those kind of considerations on the moment or time that you do find yourself dealing up with the market. There would really be that right timing on when to get in
and when to get out and to those times that you should be having some short pause on doing up trades.
Timing is also an essential factor of our plan to know when to trade very actively and when to remain passive. Whether a market is too volatile to forecast is not a decision that is necessarily easy to make and is one that improves with experience. The potential to decide to do nothing until the market starts to move again is actually wise. This kind of consideration means we have a better handle on our risk exposure than might occur in a situation where there are sudden fluctuations. We will also determine the best time to enter and exit into the market, and providing time to rest from trading can also be one way of cutting down volatility in our decisions.
One of the most common action that you must do on the moment that you would really be finding yourself having some adjustments basing up on the market condition. You cant really just
that make out some decisions on diving in without having considerations on trying out to distinguish on which one should really be done whether you would be making out some act
or would really be that trying out to be passive basing up on the market condition on which there would really be those times or moments on where you would really be needing
to make out such decision whether you should pursue or not.
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One of the most common action that you must do on the moment that you would really be finding yourself having some adjustments basing up on the market condition. You cant really just
that make out some decisions on diving in without having considerations on trying out to distinguish on which one should really be done whether you would be making out some act
or would really be that trying out to be passive basing up on the market condition on which there would really be those times or moments on where you would really be needing
to make out such decision whether you should pursue or not.
Indeed, all the positions should be entered with some ideas and thoughts behind them - otherwise, it's a gamble and usually doesn't end well for a trader.
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Timing is also an essential factor of our plan to know when to trade very actively and when to remain passive. Whether a market is too volatile to forecast is not a decision that is necessarily easy to make and is one that improves with experience. The potential to decide to do nothing until the market starts to move again is actually wise. This kind of consideration means we have a better handle on our risk exposure than might occur in a situation where there are sudden fluctuations. We will also determine the best time to enter and exit into the market, and providing time to rest from trading can also be one way of cutting down volatility in our decisions.
Trading basically depends entirely on experience and skill. It can't be said to depend on luck because the market never changes differently for individual so we can't say that it depends on luck if it depends on luck then it will prove that every trader has the same luck. Profit from trading depends on how well you know the market. And how well you can analyze. Even more important is whether you are able to close your positions at the right time. The more timely he can close his position, the more profitable he is
- Maybe it is possible if I consider that trading is in accordance with what we experience, and here we learn through things that are not the right strategy that we do. In short, before we really have enough knowledge about it, we will experience frequent defeats.
Because, of course, we will have an experiment or exploration about the use of different strategies or indicators that will be used to get a firm profit
here in the crypto space. .
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Timing is also an essential factor of our plan to know when to trade very actively and when to remain passive. Whether a market is too volatile to forecast is not a decision that is necessarily easy to make and is one that improves with experience. The potential to decide to do nothing until the market starts to move again is actually wise. This kind of consideration means we have a better handle on our risk exposure than might occur in a situation where there are sudden fluctuations. We will also determine the best time to enter and exit into the market, and providing time to rest from trading can also be one way of cutting down volatility in our decisions.
Trading basically depends entirely on experience and skill. It can't be said to depend on luck because the market never changes differently for individual so we can't say that it depends on luck if it depends on luck then it will prove that every trader has the same luck. Profit from trading depends on how well you know the market. And how well you can analyze. Even more important is whether you are able to close your positions at the right time. The more timely he can close his position, the more profitable he is
To get profit from trading you must have good knowledge about the market. Profit loss from trading depends on experience and skill. The more experience you have in trading, the more profit you can get from trading. But yes, trading depends on experience. Here if anyone thinks that depends on luck then it will be totally wrong. We should analyze the market well before starting trading. When I started trading in new position I had no experience in trading due to which I suffered loss many times in first position.
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To get profit from trading you must have good knowledge about the market. Profit loss from trading depends on experience and skill. The more experience you have in trading, the more profit you can get from trading. But yes, trading depends on experience. Here if anyone thinks that depends on luck then it will be totally wrong. We should analyze the market well before starting trading. When I started trading in new position I had no experience in trading due to which I suffered loss many times in first position.
Agree. Knowledge is a must to know the right way in trading. If we trade in the right way, it is possible to take profits. But if we don't trade properly, it is difficult to get profits. So, knowledge, skills, and experience are some matters that determine the success in getting profits. There is nothing to do with the luck. Although the luck has an influence, it shouldn't be as big as knowledge. Sure, the main thing that we must have in trading, is knowledge/skills.
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To get profit from trading you must have good knowledge about the market. Profit loss from trading depends on experience and skill. The more experience you have in trading, the more profit you can get from trading. But yes, trading depends on experience. Here if anyone thinks that depends on luck then it will be totally wrong. We should analyze the market well before starting trading. When I started trading in new position I had no experience in trading due to which I suffered loss many times in first position.
Agree. Knowledge is a must to know the right way in trading. If we trade in the right way, it is possible to take profits. But if we don't trade properly, it is difficult to get profits. So, knowledge, skills, and experience are some matters that determine the success in getting profits. There is nothing to do with the luck. Although the luck has an influence, it shouldn't be as big as knowledge. Sure, the main thing that we must have in trading, is knowledge/skills.
Indeed it is quite appropriate to state that knowledge and skills have very significant roles in the context of the trading area. That way, we would be able to make concrete decisions by being armed with correct information than actually speculating through hunches. Evidence also exist on this matter for instance research has shown that people who engage in business are more likely to succeed if they have the capability of analyzing the probability of market trends than those who simply rely on luck. This also serves as a strength that enable us to refine our gut feels while dealing with risks so that trading gains are the product of learning and application.
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To get profit from trading you must have good knowledge about the market. Profit loss from trading depends on experience and skill. The more experience you have in trading, the more profit you can get from trading. But yes, trading depends on experience. Here if anyone thinks that depends on luck then it will be totally wrong. We should analyze the market well before starting trading. When I started trading in new position I had no experience in trading due to which I suffered loss many times in first position.
Agree. Knowledge is a must to know the right way in trading. If we trade in the right way, it is possible to take profits. But if we don't trade properly, it is difficult to get profits. So, knowledge, skills, and experience are some matters that determine the success in getting profits. There is nothing to do with the luck. Although the luck has an influence, it shouldn't be as big as knowledge. Sure, the main thing that we must have in trading, is knowledge/skills.
Indeed it is quite appropriate to state that knowledge and skills have very significant roles in the context of the trading area. That way, we would be able to make concrete decisions by being armed with correct information than actually speculating through hunches. Evidence also exist on this matter for instance research has shown that people who engage in business are more likely to succeed if they have the capability of analyzing the probability of market trends than those who simply rely on luck. This also serves as a strength that enable us to refine our gut feels while dealing with risks so that trading gains are the product of learning and application.
Yes trading is like a type of business. A physical business is a business where a businessman makes a product and sells it or imports a product and makes a profit. But in the case of trading, one has to buy and sell a digital coin and profit from it. So in this case there will be profit loss. Trading is not a gamble it depends on luck. You must have skills to profit from trading. You must have long experience in trading and also know different strategies. then you can profit from trading. But if you are thinking of hiring long-term investors, even if your analysis skills are not very good, then if you invest in the top coins in the market, there is a high probability that you will definitely get profit after a long period of time.
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Yes trading is like a type of business. A physical business is a business where a businessman makes a product and sells it or imports a product and makes a profit. But in the case of trading, one has to buy and sell a digital coin and profit from it. So in this case there will be profit loss. Trading is not a gamble it depends on luck. You must have skills to profit from trading. You must have long experience in trading and also know different strategies. then you can profit from trading. But if you are thinking of hiring long-term investors, even if your analysis skills are not very good, then if you invest in the top coins in the market, there is a high probability that you will definitely get profit after a long period of time.
Top coins give us more opportunities in trading to gain profit because top coins are easier to recover when experiencing correction. I also choose top coins for trading, because trading is about profit and loss and we use capital to do that, so we must have good risk management. Because in investing we will always be faced with risk.
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Indeed it is quite appropriate to state that knowledge and skills have very significant roles in the context of the trading area. That way, we would be able to make concrete decisions by being armed with correct information than actually speculating through hunches. Evidence also exist on this matter for instance research has shown that people who engage in business are more likely to succeed if they have the capability of analyzing the probability of market trends than those who simply rely on luck. This also serves as a strength that enable us to refine our gut feels while dealing with risks so that trading gains are the product of learning and application.
There is no another thing that has biggest role in trading, knowledge is the main thing in trading. With knowledge, we surely can do much things. We can do analysis properly, we can determine the time to entry or sell, and many other things. Sure, we only speculate with no analysis if we have lack of knowledge. This probably ends up with losses. That is why it is very crucial to have proper knowledge in trading.
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Top coins give us more opportunities in trading to gain profit because top coins are easier to recover when experiencing correction. I also choose top coins for trading, because trading is about profit and loss and we use capital to do that, so we must have good risk management. Because in investing we will always be faced with risk.
Indeed,
Selecting top coins to trade increases our chances of making a profit since most coins will have already rebounded after a correction. It will be wise to focus on stable coins, hence improving our chances of success, in the future.
Of course, trading is associated with risk, and the presence of adequately developed risk management is crucial to coping with any situation. It is therefore possible to protect the capital and at the same time maximize profit.
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Indeed it is quite appropriate to state that knowledge and skills have very significant roles in the context of the trading area. That way, we would be able to make concrete decisions by being armed with correct information than actually speculating through hunches. Evidence also exist on this matter for instance research has shown that people who engage in business are more likely to succeed if they have the capability of analyzing the probability of market trends than those who simply rely on luck. This also serves as a strength that enable us to refine our gut feels while dealing with risks so that trading gains are the product of learning and application.
There is no another thing that has biggest role in trading, knowledge is the main thing in trading. With knowledge, we surely can do much things. We can do analysis properly, we can determine the time to entry or sell, and many other things.
Trading requires experience and knowledge and also skills in developing strategies in order to benefit. I agree with you we must be right in the entry and exit when doing trade, because the crypto market is very fluctuating and we must be able to do it at the right time.
It is not easy to be a professional trader because it takes time to have that understanding.
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Top coins give us more opportunities in trading to gain profit because top coins are easier to recover when experiencing correction. I also choose top coins for trading, because trading is about profit and loss and we use capital to do that, so we must have good risk management. Because in investing we will always be faced with risk.
Without a doubt this is how it should be done, because practically things with the market are undeniable at times, we as traders have to have as a fundamental basis to take care of our money, there is no other way, it is the only thing that matters and the only thing that keeps us in, that is why trading is not a matter of luck, trading is not entering the market and gambling, no, there are fundamentals, there are many things there that we should try to operate so that we do well, that is why many are dedicated to this and I consider it a constant study, sometimes the luck factor may appear , but it is not something determining.