Is trading all about luck?

[JunaidAzizi]

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.

My stance is similar to yours in that luck does not fully work in trading, and people need to understand this as quickly as possible. There are some people here who don't think like us; in fact, they say luck also plays a major role in trading, like 50% luck and 50% knowledge, and that your trade will be profitable. However, I can ask them a simple question: if luck plays such a significant role in trading, then why do most people who have zero knowledge fail to win trades? So, be serious and mature, and do not rely solely on luck. Keep the ratio of luck to knowledge at 10% to 90%.

[milewilda]

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.

My stance is similar to yours in that luck does not fully work in trading, and people need to understand this as quickly as possible. There are some people here who don't think like us; in fact, they say luck also plays a major role in trading, like 50% luck and 50% knowledge, and that your trade will be profitable. However, I can ask them a simple question: if luck plays such a significant role in trading, then why do most people who have zero knowledge fail to win trades? So, be serious and mature, and do not rely solely on luck. Keep the ratio of luck to knowledge at 10% to 90%.

it wont really be totally something that you could really be able to rely with luck since trading is something that needs up knowledge and skills but we cant really be able to deny that it will really be still needing up that kind of luck factor because on the moment that you would really be making up some positions or exits then it will really be that neither be a sweet spot or something neither be early or just that too late. This is the time or moment that you would really be telling into yourself whether you had made out the right decision or not.
It will really be basing up on how good your positioning is, but of course if you are someone who would be tending to hold for long term then these things wont really be
that something relevant.

[Gposas]

I don't see trading as a game of luck, rather a Risk taking because as a trader, you must get information and market predictions that'll pave a way for your correct entry position in the market. However, sometimes we see some predictions to be incorrect and the market may likely turn against you.
The type of trading also matters here like: spot, margin and futures trading. As of futures trading which is more like forex trading, one can term it as a trading much on luck, and gaining from such trading, one needs much concentration and information. As of margin and spot trading, concentration is not compared to that of futures and the loss rate is minimal and not based on luck.

[UNIVERSE]

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

Every trader surely has a trading plan. At least he must plan the strategy, the entry time, and exit time. It is likely impossible to succeed in trading if a trader has no plan at all. Anyway, we shouldn't be so afraid if we have planned everything well. Sure, we must be careful to deal with the risks. But it doesn't mean to make us be afraid. Regarding the greed, this shouldn't be a part of successful trading. Just avoid to be greedy!

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.

Why luck is important? I think it is not really important. We must rely on the knowledge, experience is another important thing. In trading, knowledge and experience are 2 main factors to determine the success. Traders mustn't rely on the luck, traders are not the same as gamblers.

[ajiz138]

My stance is similar to yours in that luck does not fully work in trading, and people need to understand this as quickly as possible. There are some people here who don't think like us; in fact, they say luck also plays a major role in trading, like 50% luck and 50% knowledge, and that your trade will be profitable. However, I can ask them a simple question: if luck plays such a significant role in trading, then why do most people who have zero knowledge fail to win trades? So, be serious and mature, and do not rely solely on luck. Keep the ratio of luck to knowledge at 10% to 90%.

This is something that is often talked about, namely about luck in trading. For me, knowledge can invite good luck, without knowledge we cannot even carry out any kind of trading. With the knowledge we have, it will be very helpful and even determine our trading.

I can't force people's views on this, because of course they have their own thoughts about the role of luck in trading. So I'm just giving my view on luck in trading.

[luckyledger]

My stance is similar to yours in that luck does not fully work in trading, and people need to understand this as quickly as possible. There are some people here who don't think like us; in fact, they say luck also plays a major role in trading, like 50% luck and 50% knowledge, and that your trade will be profitable. However, I can ask them a simple question: if luck plays such a significant role in trading, then why do most people who have zero knowledge fail to win trades? So, be serious and mature, and do not rely solely on luck. Keep the ratio of luck to knowledge at 10% to 90%.

This is something that is often talked about, namely about luck in trading. For me, knowledge can invite good luck, without knowledge we cannot even carry out any kind of trading. With the knowledge we have, it will be very helpful and even determine our trading.

I can't force people's views on this, because of course they have their own thoughts about the role of luck in trading. So I'm just giving my view on luck in trading.

I agree with you! Knowledge, patience, and discipline first, luck is totally secondary. Sometimes it does some moves that we like or we don't, but in any case, we shouldn't rely on it.

[Mr. Magkaisa]

       -     You know, if there are traders who understand trading like that, they should gamble at the casino here in crypto. The majority of people in this industry know that bitcoin trading or crypto trading cannot be considered gambling.

That's why maybe others think this is because they often read in this forum that trading at your own risk is a thing that makes them think that trading is just gambling, even though it isn't.

[ajiz138]

This is something that is often talked about, namely about luck in trading. For me, knowledge can invite good luck, without knowledge we cannot even carry out any kind of trading. With the knowledge we have, it will be very helpful and even determine our trading.

I can't force people's views on this, because of course they have their own thoughts about the role of luck in trading. So I'm just giving my view on luck in trading.

I agree with you! Knowledge, patience, and discipline first, luck is totally secondary. Sometimes it does some moves that we like or we don't, but in any case, we shouldn't rely on it.

Well from there we can find out where the position of luck is. For example, I will try to compare it with gambling which is very dependent on luck. In some gambling, we just play, we can't see and predict, even someone who doesn't know gambling when they can play and if they are lucky they will win.

While in trading, we must know what trading is and how to do it, when someone just trades without knowledge then I can say they are gambling.

[famososMuertos]

This is something that is often talked about, namely about luck in trading. For me, knowledge can invite good luck, without knowledge we cannot even carry out any kind of trading. With the knowledge we have, it will be very helpful and even determine our trading.

I can't force people's views on this, because of course they have their own thoughts about the role of luck in trading. So I'm just giving my view on luck in trading.

I agree with you! Knowledge, patience, and discipline first, luck is totally secondary. Sometimes it does some moves that we like or we don't, but in any case, we shouldn't rely on it.

Well from there we can find out where the position of luck is. For example, I will try to compare it with gambling which is very dependent on luck. In some gambling, we just play, we can't see and predict, even someone who doesn't know gambling when they can play and if they are lucky they will win.

While in trading, we must know what trading is and how to do it, when someone just trades without knowledge then I can say they are gambling.

I understand your position on the trivial answer, "luck" in casinos, but if we are in a forum, where we evaluate ourselves on a certain level of knowledge, that is not a very good position/idea.

When one goes to a casino, if one is a recreational player, all this stuff we say here does not matter, but if you are a regular, you must understand the game, then you understand why poker and BJ allow for a more feasible return away from the thing that everyone calls luck, which in my case I like to call "Dictator", because it exercises the laws of probabilities whenever it feels like it.

So, there are many things that tend to be mixed up in ideas, in this subject, the luck that one has in casinos cannot be compared to commerce, well, as a trivial adjective yes, but from the statistical point of view and how these probabilities are executed it is totally different.

[ajiz138]

Well from there we can find out where the position of luck is. For example, I will try to compare it with gambling which is very dependent on luck. In some gambling, we just play, we can't see and predict, even someone who doesn't know gambling when they can play and if they are lucky they will win.

While in trading, we must know what trading is and how to do it, when someone just trades without knowledge then I can say they are gambling.

I understand your position on the trivial answer, "luck" in casinos, but if we are in a forum, where we evaluate ourselves on a certain level of knowledge, that is not a very good position/idea.

When one goes to a casino, if one is a recreational player, all this stuff we say here does not matter, but if you are a regular, you must understand the game, then you understand why poker and BJ allow for a more feasible return away from the thing that everyone calls luck, which in my case I like to call "Dictator", because it exercises the laws of probabilities whenever it feels like it.

So, there are many things that tend to be mixed up in ideas, in this subject, the luck that one has in casinos cannot be compared to commerce, well, as a trivial adjective yes, but from the statistical point of view and how these probabilities are executed it is totally different.

I think what we want to convey here has the same purpose, but our way of conveying it is different. That doesn't matter, because the more ways we convey something, the more open our minds will be or the people who read this can understand it well.

This seems like a trivial thing indeed, but usually trivial things like this are often ignored by many people. Therefore, we try to give our views on this one meaningful word.

[Ricardo11]

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.

My stance is similar to yours in that luck does not fully work in trading, and people need to understand this as quickly as possible. There are some people here who don't think like us; in fact, they say luck also plays a major role in trading, like 50% luck and 50% knowledge, and that your trade will be profitable. However, I can ask them a simple question: if luck plays such a significant role in trading, then why do most people who have zero knowledge fail to win trades? So, be serious and mature, and do not rely solely on luck. Keep the ratio of luck to knowledge at 10% to 90%.

Yes, trading can never be considered as complete luck, trading definitely requires experience. Both luck and experience are equally important in trading. You can never succeed in trading with zero knowledge, you must have complete knowledge about trading.

actually, those who are unsuccessful in trading, only they can say that trading depends entirely on luck. But actually experience in trading is essential. Luck is needed, but without knowledge and experience it is never possible to succeed in trading.

[surendertakyaan70]

To some extent this is true. To some extent not, because along with luck there is also knowledge. If there is knowledge along with luck then there are more chances of success.

[Mr. Magkaisa]

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.

My stance is similar to yours in that luck does not fully work in trading, and people need to understand this as quickly as possible. There are some people here who don't think like us; in fact, they say luck also plays a major role in trading, like 50% luck and 50% knowledge, and that your trade will be profitable. However, I can ask them a simple question: if luck plays such a significant role in trading, then why do most people who have zero knowledge fail to win trades? So, be serious and mature, and do not rely solely on luck. Keep the ratio of luck to knowledge at 10% to 90%.

        -    trading is like a business where we can obtain profit, and become one of our resources if we maintain proper way of getting any to support our needs actually.

Therefore, it is not good to think often that trading is like luck what others gamblers think of it, because trading needs to have a full dedication and passion if you want to become successful in the end.

[surendertakyaan70]

To some extent this is true. To some extent not, because along with luck there is also knowledge. If there is knowledge along with luck then there are more chances of success.
To some extent this is true. To some extent not, because along with luck there is also knowledge. If there is knowledge along with luck then the chances of success are high as luck and karma are dependent on each other but if we do not work then how will karma be formed. If we fail in any trading then it has to do with that {point} which we do not know. So we blame luck but if we understand that point due to which we failed then there is no blame on luck and no loss.

[alltalk]

I believe that trading is a skill; you can't study trading and learn the other tool indicators that are used in trading here in the crypto trading business and even in other trading like the stock market.

Of course, trading is about skills or knowledge. Another important matter is experience, this is also something to determine the success in trading. Both in crypto and stock, I think trading has almost the same factors. Knowledge (skills, ability) and experience are 2 main factors to determine the success.

It is not possible to just chance it because trading is not just luck as others think, so there is a lot to consider here in the crypto trading industry in the crypto space. There really is no shortcut here either.

Sure, trading doesn't rely on the luck. Even if sometimes luck can have a role but it is not a big part of the success in trading. If we want to rely on the luck, we can play gambling. Gambling relies on the luck, we even don't need to have specific knowledge in gambling.