Is trading all about luck?

[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.

[Mr. Magkaisa]

      -    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.

[hugeblack]

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.

[milewilda]

      -    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.

[Stompix]

      -    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.

[Aanuoluwatofunmi]

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.

[Captain Corporate]

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.

[Rruchi man]

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.

[MrSpasybo]

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!

[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.

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.

[Stompix]

@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.

[debra]

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.

[jeraldskie11]

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.

[taufik123]

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.

[JISAN]

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.