Is trading all about luck?

[Yamzakid]

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.

[bitterguy28]

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

[Kemarit]

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.

[LogitechMouse]

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.

[SmartGold01]

Snip

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.

[Hamza2424]

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.

[milewilda]

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.

[Rubel007]

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.

[Mr. Magkaisa]

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.

[Yamzakid]

       -     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.

[pieppiep]

       -     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.

[Dr.Bitcoin_Strange]

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.

[Manna]

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.

[summonerrk]

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.

[SmartGold01]

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.