Is trading all about luck?

[satpol_PP]

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.

I agree with what you said, "trading itself is about how to maximize opportunities so that we get a profit from the transactions that occur".. how can we take that opportunity by choosing the right coin and being able to carry out fundamental and technical analysis by understanding coins and the market. As many people say, trading is not easy, I agree with this. It takes time to become a professional trader.

[milewilda]

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.

I agree with what you said, "trading itself is about how to maximize opportunities so that we get a profit from the transactions that occur".. how can we take that opportunity by choosing the right coin and being able to carry out fundamental and technical analysis by understanding coins and the market. As many people say, trading is not easy, I agree with this. It takes time to become a professional trader.

You would really be able to realize along the way on which on the time or moment that you do find yourself on such condition on where trying out to predict on what is the potential movement
of the price then of course you would really be needing to apply some analysis and this would really be just that something that you could really be able to have on just simply
make use of your own common sense. This is why it would really be that recommended that you should really be that at least having that kind of realization since we are talking about
dealing up with a volatile market. So it would be needing up that serious approach.

[Aanuoluwatofunmi]

There is no high tendencies of having luck as a determinant for our trading to be a positive one, though we may engage on a trade and by the virtue of luck and we earn profits from it, but we have to make it as partial thing found applicable on every trades made, we will have to develop ourselves on how to trade, get the knowledge on trade and all necessary and required skills before trading in other to maximize profits and minimize losses.

[Captain Corporate]

Luck could be anything, it could be big, it could be small, you could be ready, or not ready, it could be a loss, it could be a profit. I mean anything could be considered as luck, and you just have to try to explain it some other way to put it on paper, otherwise everything is just luck. If you really want to put it as luck, then every profit ever made was luck, no matter how hard someone worked to find a good trade, just say that "you got lucky that your research turned out to be true, you could have been wrong" and suddenly tens of hours, even hundreds of hours of work could put down as just pure luck.

[bayu7adi]

Luck could be anything, it could be big, it could be small, you could be ready, or not ready, it could be a loss, it could be a profit. I mean anything could be considered as luck, and you just have to try to explain it some other way to put it on paper, otherwise everything is just luck. If you really want to put it as luck, then every profit ever made was luck, no matter how hard someone worked to find a good trade, just say that "you got lucky that your research turned out to be true, you could have been wrong" and suddenly tens of hours, even hundreds of hours of work could put down as just pure luck.

I understand the point of your post, and I agree.. that every action we take is actually an effort to increase our chances of getting the luck that exists... we try to learn, do trial and error, understand new things, all done to increase our chances of getting that luck.... the more serious we are in achieving something, the greater our chances of success.... and also, there is big and small luck... it is really real...

What needs to be noted is, appreciate our efforts to achieve something too... even though sometimes the end result is not always as expected, but our efforts should not be in vain.

[legend45]

There is no high tendencies of having luck as a determinant for our trading to be a positive one, though we may engage on a trade and by the virtue of luck and we earn profits from it, but we have to make it as partial thing found applicable on every trades made, we will have to develop ourselves on how to trade, get the knowledge on trade and all necessary and required skills before trading in other to maximize profits and minimize losses.

Luck is always needed in trading. Even though we have done research and made analysis about the market and coins, but sometimes suddenly because of bad news the market crashes and experiences correction. This makes all our analysis seem wrong, because the crypto market is difficult to predict. Although we must always rely on luck, because that condition does not happen all the time, the probability of using knowledge and expertise has a greater chance.

[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.

...
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...

Are you a trader? Do you have a trading trick that can consistently make a profit? What method do you use to trade to make a profit?
Can you tell us about the profits and losses you have experienced when trading cryptocurrency?

[BitMaxz]

Are you a trader? Do you have a trading trick that can consistently make a profit? What method do you use to trade to make a profit?
Can you tell us about the profits and losses you have experienced when trading cryptocurrency?

There's no prefect trading or trick to consistently making a profit all guides and strategies that you can find everywhere needs optimization. So once you learn them you need to optimize it from your experience before you can make a good winning trades and profit.


Why not check this channel Trade Prime and learn from all of his video.

[kai]

Are you a trader? Do you have a trading trick that can consistently make a profit? What method do you use to trade to make a profit?
Can you tell us about the profits and losses you have experienced when trading cryptocurrency?

There's no prefect trading or trick to consistently making a profit all guides and strategies that you can find everywhere needs optimization. So once you learn them you need to optimize it from your experience before you can make a good winning trades and profit.

So the conclusion according to you is "experience" because with experience we can find loopholes to gain profit and avoid losses. Is that what you think?

Why not check this channel Trade Prime and learn from all of his video.

I just found out about that YouTube account and it surprised me because with only 10 videos, it has more than 420,000 subscribers.
It seems that the material presented for trading is very easy to understand for everyone, so it has a lot of subscribers too.

[Publictalk792]

Luck is always needed in trading. Even though we have done research and made analysis about the market and coins, but sometimes suddenly because of bad news the market crashes and experiences correction. This makes all our analysis seem wrong, because the crypto market is difficult to predict. Although we must always rely on luck, because that condition does not happen all the time, the probability of using knowledge and expertise has a greater chance.

I also think luck is important in trading especially in crypto market which can be unpredictable. Even if we do a lot of research and analysis unexpected things can still happen and affect market.But relying only on luck is not good idea.

Luck can help or hurt us in short term but knowledge and expertise are important for making good trading decisions in long term. When we combine research analysis and deep understanding of market we can increase our chances of success.It is good to balance luck with skill and expertise to navigate market unexpected things.

In the end having well informed and adaptable approach is better than relying only on luck.By accepting that luck plays role but not making it our main strategy we can make better decisions and achieve more success in crypto market.

[BitMaxz]

I just found out about that YouTube account and it surprised me because with only 10 videos, it has more than 420,000 subscribers.
It seems that the material presented for trading is very easy to understand for everyone, so it has a lot of subscribers too.

As you can see on the video that is a basic strategy that includes advance strategies most of the time it works you just need optimize the strategy and another thing is the explanation from video is awesome its easy to understand and all the guide from the channel I applied them all on backtesting tool on tradingview and I found 2 strategies  works to me with a bit optimazation. You should try them with a bit optimize

[satpol_PP]

I just found out about that YouTube account and it surprised me because with only 10 videos, it has more than 420,000 subscribers.
It seems that the material presented for trading is very easy to understand for everyone, so it has a lot of subscribers too.

As you can see on the video that is a basic strategy that includes advance strategies most of the time it works you just need optimize the strategy and another thing is the explanation from video is awesome its easy to understand and all the guide from the channel I applied them all on backtesting tool on tradingview and I found 2 strategies  works to me with a bit optimazation. You should try them with a bit optimize

I will learn to understand and practice this video, because so far I have only relied on coin habits in the market, made analysis and relied a little on luck. because after all luck is also needed when trading. because sometimes we have made an analysis, it turns out that the market is correcting and we lose

[kai]

I just found out about that YouTube account and it surprised me because with only 10 videos, it has more than 420,000 subscribers.
It seems that the material presented for trading is very easy to understand for everyone, so it has a lot of subscribers too.

.....
I applied them all on backtesting tool on tradingview and I found 2 strategies  works to me with a bit optimazation. You should try them with a bit optimize

I have to try this because I also want to be like you to be able to optimize my success in trading and making profits.
It turns out that in addition to the lucky factor there are also techniques that must be traveled, namely charts, graphics and various supporting factors that I don't know, this is a new knowledge for me , Thnks BitMaxz.

[Rubel007]

There is no high tendencies of having luck as a determinant for our trading to be a positive one, though we may engage on a trade and by the virtue of luck and we earn profits from it, but we have to make it as partial thing found applicable on every trades made, we will have to develop ourselves on how to trade, get the knowledge on trade and all necessary and required skills before trading in other to maximize profits and minimize losses.

The first thing that comes before trading is having enough knowledge. A trader can start trading if he has trading knowledge. Profit or loss is a simple matter of trading but having knowledge is essential. We prioritize a trader's knowledge and skills to succeed in trading. The first thing a trader does before starting trading is to use his skills, experience and the 2nd thing can be luck. If we fail in the first task, we will also fail in the 2nd as well.

[UNIVERSE]

The first thing that comes before trading is having enough knowledge. A trader can start trading if he has trading knowledge. Profit or loss is a simple matter of trading but having knowledge is essential. We prioritize a trader's knowledge and skills to succeed in trading. The first thing a trader does before starting trading is to use his skills, experience and the 2nd thing can be luck.

Your are right. Having sufficient knowledge is a must, it is the key to succeed in trading. Without sufficient knowledge, it is impossible to trade in the right way. This is surely not the right way if we trade with a careless way. We must know that crypto is high risk, that's why the role of knowledge is very crucial. Knowledge is the basic thing besides mentality and experience. Smart traders must realize this matter, so they won't start trading hastily.

Anyway, mostly we don't rely on the luck in trading. Even if there is a role of the luck, it won't be as high as in gambling. It is not a significant factor.