Is trading all about luck?

[Aanuoluwatofunmi]

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.

[bayu7adi]

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%.

[JunaidAzizi]

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.

[LogitechMouse]

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.

[Roseline492]

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.

[surendertakyaan70]

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.

[luckyledger]

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.

[ajiz138]

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.

[famososMuertos]

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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.

[Jamal Aezaz]

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.

[alltalk]

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.

[bitterguy28]

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 .

[koang]

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.

[SmartGold01]

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.

[silkytakyaan86]

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.