Is trading all about luck?

[gunhell16]

I agree people mostly mistake trading for luck but it is actually about making smart choices. Someone who makes a lot of money from one trade probably did not just get lucky they made good investment. What looks like luck is often just good research and investing in something that becomes popular and increases in value. This is not luck it is smart move. Some people think scalping or quickly buying and selling is lucky but it is actually a planned strategy. To be good at trading we need to know what we are doing have experience and make smart decisions not just rely on luck.

That's right... the thing that makes trading different from gambling is that, we can still do many strategies to minimize the potential for losses or defeats... there are many success factors in trading, and luck only comes at the end... so we can adjust the level of luck itself when applying certain strategies.

Maybe you mean, dude, that in trading there are many strategy tool indicators that can be used so that we can identify when we can buy and sell through the strategies that exist in trading. Is that right? because we know that there is no such strategy in gambling.

And obviously, as far as I know, there is no house edge in trading, unlike in gambling; there is a particular one in all casinos that gamblers enter, and that is our idea in gambling.

[UNIVERSE]

Traders with no good analysis or good methods of speculating on trading can not always succeed on trading because if not the dip he won't be able to achieve any profits from his or her trade. For a trader to achieve 90% of successful trades while trading he or she needs to be good on his trading patterns and also be good in speculative or very watchful of the market price. A new trader might be trading for 2 hours without any profits but if some old traders trade for just an hour he or she might gain some profits because they have understand the market and their experience will also help them.

Agree. The chance to succeed will be very small if traders just do it with unclear method. It is not like a real trading, it is similar with gambling. A real trading must know the proper strategy or method, we can't trade with random ways. New traders may try to trade quickly because they are motivated to get profits instantly. But this way is the wrong way, they ideally need to focus on learning firstly. Even new traders will trade in the whole day, they won't be easy to get profits. Unless getting profits, new traders may lose huge money if they force to trade for many hours.

[Jating]

Traders with no good analysis or good methods of speculating on trading can not always succeed on trading because if not the dip he won't be able to achieve any profits from his or her trade. For a trader to achieve 90% of successful trades while trading he or she needs to be good on his trading patterns and also be good in speculative or very watchful of the market price. A new trader might be trading for 2 hours without any profits but if some old traders trade for just an hour he or she might gain some profits because they have understand the market and their experience will also help them.

Agree. The chance to succeed will be very small if traders just do it with unclear method. It is not like a real trading, it is similar with gambling. A real trading must know the proper strategy or method, we can't trade with random ways. New traders may try to trade quickly because they are motivated to get profits instantly. But this way is the wrong way, they ideally need to focus on learning firstly. Even new traders will trade in the whole day, they won't be easy to get profits. Unless getting profits, new traders may lose huge money if they force to trade for many hours.

Only difference is that in gambling you most likely lose your money, as compare to trading that you can mitigate risk like having a good trading plan and if you make some mistakes, then you can learn from it and avoid it the next time. It might take some time though for you to get accustomed to trading and make profits. But the challenge of it, once you learn the tricks and tips of the market, later on if will be easy for you to make money from trading. It's worth spending countless hours in front of your pc pr laptop when you see good profits in the 4 digits initially.

[satpol_PP]

Traders with no good analysis or good methods of speculating on trading can not always succeed on trading because if not the dip he won't be able to achieve any profits from his or her trade. For a trader to achieve 90% of successful trades while trading he or she needs to be good on his trading patterns and also be good in speculative or very watchful of the market price. A new trader might be trading for 2 hours without any profits but if some old traders trade for just an hour he or she might gain some profits because they have understand the market and their experience will also help them.

Agree. The chance to succeed will be very small if traders just do it with unclear method. It is not like a real trading, it is similar with gambling. A real trading must know the proper strategy or method, we can't trade with random ways. New traders may try to trade quickly because they are motivated to get profits instantly. But this way is the wrong way, they ideally need to focus on learning firstly. Even new traders will trade in the whole day, they won't be easy to get profits. Unless getting profits, new traders may lose huge money if they force to trade for many hours.

Only difference is that in gambling you most likely lose your money, as compare to trading that you can mitigate risk like having a good trading plan and if you make some mistakes, then you can learn from it and avoid it the next time. It might take some time though for you to get accustomed to trading and make profits. But the challenge of it, once you learn the tricks and tips of the market, later on if will be easy for you to make money from trading. It's worth spending countless hours in front of your pc pr laptop when you see good profits in the 4 digits initially.

In trading in crypto, choose popular coins, of course we can choose the top 10 coins, because it is safe. and we will not lose when trading like losing money when gambling. In trading in crypto when the market is experiencing a price drop and we are trapped, it is better to hold and wait for the market to rise again.

[famososMuertos]

::://:::
In trading in crypto, choose popular coins, of course we can choose the top 10 coins, because it is safe. and we will not lose when trading like losing money when gambling. In trading in crypto when the market is experiencing a price drop and we are trapped, it is better to hold and wait for the market to rise again.

Safe...! of course it isn't.
Losing money...! you say we won't lose money; of course it's a very high possibility, it depends on the volatility of the asset and its risk in the long term.
Well, I like the phrase "wait and wait", yes, I give you credit for that, but clarify that years may pass, many years and even the "up (rise, pump, etc.) again" may never come.

[Vision pro]

Success in trading does not always depend on luck. If you want to succeed in trading, you need to acquire a lot of knowledge and invest based on that knowledge.  And you have to be patient, disciplined, you have to have such knowledge to deal with environmental conditions, then you can earn good profit and be self-sufficient in investing in trading.  You will not be able to profit from investing if you leave it to luck alone.

[Hatchy]

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.

Though profiting from a trade is all about your analysis and experience with the market, I still this luck Plays a crucial role in trading. From what I've seen, not all analysis would actually work out well no matter how good you are. You have to experience loss most times and that why only real traders would tell you about their loss while those who claim to be perfect with the market are most likely scam. Trading requires time, patience and control so luck just plays a role on its side of it.

[debra]

In trading in crypto, choose popular coins, of course we can choose the top 10 coins, because it is safe. and we will not lose when trading like losing money when gambling. In trading in crypto when the market is experiencing a price drop and we are trapped, it is better to hold and wait for the market to rise again.

For experienced traders, they won't only choose popular or top coins. They may prefer choosing the trending coins that have high volatility. But it will be riskier because the prices move quickly. For beginners, choosing top coins is the best option. It will be safe if we choose top coins, the chance to be dead coins smaller. Sure, if we choose top coins, we can keep them on the wallets if we unsuccessful sell them. Keeping top coins will be safe both for a short term and long term. 

[Azharul]

Sometimes trading depending on luck it's true, but if you always depending on luck, you cannot success in the cryptocurrency market. Because luck can not prefer for you. If you want to be a successful treader, you will be perfect knowledge about cryptocurrency market. Because a successful treader could understand how keeping this coin will be safe both long and short term. So I believe that trading always didn't depending on luck, ofcourse skill and intelligences is depending on a successful treader.

[Dr.Bitcoin_Strange]

In trading in crypto, choose popular coins, of course we can choose the top 10 coins, because it is safe. and we will not lose when trading like losing money when gambling. In trading in crypto when the market is experiencing a price drop and we are trapped, it is better to hold and wait for the market to rise again.

For experienced traders, they won't only choose popular or top coins. They may prefer choosing the trending coins that have high volatility. But it will be riskier because the prices move quickly. For beginners, choosing top coins is the best option. It will be safe if we choose top coins, the chance to be dead coins smaller. Sure, if we choose top coins, we can keep them on the wallets if we unsuccessful sell them. Keeping top coins will be safe both for a short term and long term. 

It will be more save to trade with old coins they are more better and you hardly lose money when you are trading on old coins  such has Bitcoin, Monero, Litecoin, Dogecoin, and Ethereum, a friend of mine who is a trader was telling me that the most money he has lost is trading with all this new coins he said as a trader if you want to play a safe trade is better you trade with old coin he also said the coin that has given him much profit in trade is Bitcoin and Bitcoin is the the first crypto coin to be created and the best crypto coin in the world, Bitcoin has made a lot of people Rich and should be taken serious.

However some people prefer to trade with coins with very high volatility in other for them to make profit quick and this kind of trade is very risky because you are never too sure what will happen, but for those who has been into this trading business for years they understands how they market will turn out because they have studied the coin very well and how much interest that is in that coin and with there past experience they will be able to determine the coins price at come in the next one week and that is why i say trading is not a game of luck it takes study and experience to understand cryptocurrency trading very well, a friend of mine when he started crypto trading he lost a lot of money but when he became more experience he started gaining more than he was losing, if you understand it very well you will succeed in it.

[UNIVERSE]

Only difference is that in gambling you most likely lose your money, as compare to trading that you can mitigate risk like having a good trading plan and if you make some mistakes, then you can learn from it and avoid it the next time. It might take some time though for you to get accustomed to trading and make profits. But the challenge of it, once you learn the tricks and tips of the market, later on if will be easy for you to make money from trading. It's worth spending countless hours in front of your pc pr laptop when you see good profits in the 4 digits initially.

In gambling, we mostly got losses because there is no way to increase the chance to win. But in trading, we have an option to increase the chance of success by having good knowledge and experience. We also can choose trading type that is safer for us, choose spot trading. I think spot trading is quite safe for every one, even it is safe for newbies. However, it is a must to improve the knowledge about skills and tricks in trading. This is also a good idea to make the success in trading.

[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.

Though profiting from a trade is all about your analysis and experience with the market, I still this luck Plays a crucial role in trading. From what I've seen, not all analysis would actually work out well no matter how good you are. You have to experience loss most times and that why only real traders would tell you about their loss while those who claim to be perfect with the market are most likely scam. Trading requires time, patience and control so luck just plays a role on its side of it.

It's because of this lose many people do not want to venture into trading most time they found it very hard to trade and if they trade and lose their some of them wouldn't say anything about their lost rather would lie about them making huge profits so that people would come into it to experience same loss they had experience so far.

Of course no body would go into trading without them learning things about the market, they currency they are trading and technical analysis of trading, you know there are basis and if they should those basics it would also help them to know what they are doing but most importantly, they wouldn't want to venture into all coin.

[alltalk]

Sometimes trading depending on luck it's true, but if you always depending on luck, you cannot success in the cryptocurrency market. Because luck can not prefer for you. If you want to be a successful treader, you will be perfect knowledge about cryptocurrency market. Because a successful treader could understand how keeping this coin will be safe both long and short term. So I believe that trading always didn't depending on luck, ofcourse skill and intelligences is depending on a successful treader.

Even you depend on luck in trading, it doesn't mean you do it like in gambling, right?
Basically, trading can't depend on the luck only, it requires knowledge. However, I think there is no term of "perfect knowledge". We only can try to get knowledge as much as possible. At least, we must have good knowledge for every basic thing in crypto, specifically in trading crypto first. If we have done it, we can begin to trade. So, do the right way in trading besides we have sufficient knowledge. This is also important in trading.

[kai]

Trading is buying when the price is below and selling when the price is above, keep repeating it until it repeats itself and makes a profit. To get that moment of profit we must have Experience, Timing and Luck.
Experience, Timing and Luck may not be something that everyone can get by chance because maybe for them one of the emotional factors is also determining so I also believe that for those who are good at controlling their emotions when trading, they can make significant profits.

[bayu7adi]

Trading is buying when the price is below and selling when the price is above, keep repeating it until it repeats itself and makes a profit. To get that moment of profit we must have Experience, Timing and Luck.
Experience, Timing and Luck may not be something that everyone can get by chance because maybe for them one of the emotional factors is also determining so I also believe that for those who are good at controlling their emotions when trading, they can make significant profits.

IMO... low coin price, not necessarily the right time to make a purchase... it could be a long-term bearish moment after ATH or it could be that the related token or coin is having major problems... trading does not always have to buy cheap and sell expensive, because actually even during bearish moments, someone can take a short position to make a profit...

In my opinion, trading itself is about how to maximize opportunities so that we get profit from the transactions that occur... no matter how, our ultimate goal is to make a profit... while luck is something beyond our control... we can only hope that luck always accompanies us in our activities.