Is trading all about luck?

[Dr.Bitcoin_Strange]

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.

[milewilda]

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.

[bhadz]

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.

[Crypto Library]

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.

[albon]

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.

[kulkhan]

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.

[pieppiep]

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.

[Faisal2202]

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.

[Captain Corporate]

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.

[taufik123]

-snip-
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.

[famososMuertos]

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!

[Jewan420]

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.

[Rubel007]

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.

[JunaidAzizi]

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.

[Jamal Aezaz]

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.