Is trading all about luck?

[ajiz138]

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.,

[JISAN]

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.

[Aanuoluwatofunmi]

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.

[famososMuertos]

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.

[Crypto Library]

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.

[TomPluz]

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.

[Rubel007]

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.

[Ricardo11]

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.

[ajiz138]

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.

[Vx1]

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.

[JunaidAzizi]

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.

[Jamal Aezaz]

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.

[UNIVERSE]

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.

[Aanuoluwatofunmi]

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.

[Sim_card]

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.