Is trading all about luck?

[LUCKMCFLY]

I agree with what you said, strategies can always change following market trends. If the market suddenly experiences a major change, for example experiencing a correction that makes all coins red, we should change our strategy to defensive. That's what I've always done so far.

It is a fact, things are always like that, I myself have had to change the strategy when the market changes trend, it has happened to me very rarely, but when it is like that, I do not like to change the strategy right away because sometimes the market turns around and takes again the trend that it had, so sometimes when that happens, I simply assume my loss and wait a reasonable time at least until I confirm that the trend has really changed.

[Agbe]

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.

Crypto trading has its risks and chances but it's also about taking advantage of opportunities when it presents itself, technically you can say that they a little percent of luck involved but trading is mostly about knowledge and skill set, you cannot just wake up and be a crypto trader you need to dedicate time to studying the market changes and getting familiar with the terms and systems. Learning risk Management when it comes to trading is what makes a trader different from a gambler, there are people that also gamble in crypto trading, they are the ones that makes trading seem like a game of luck

[SmartGold01]

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.

Crypto trading has its risks and chances but it's also about taking advantage of opportunities when it presents itself, technically you can say that they a little percent of luck involved but trading is mostly about knowledge and skill set, you cannot just wake up and be a crypto trader you need to dedicate time to studying the market changes and getting familiar with the terms and systems. Learning risk Management when it comes to trading is what makes a trader different from a gambler, there are people that also gamble in crypto trading, they are the ones that makes trading seem like a game of luck

You are right about that because those who are trading cryptocurrency especially shitcoin or altcoin made it looks so common that one can easily get successful while trading, most times I calls them the opportunist because they never know what the market holds and immediately they sold out the market could likely dump on people who don't know how it works. Of course those who are trading fully required patient and to study the importance otherwise they will end up regularly losing while trading.

[nakmantu99]

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.

Crypto trading has its risks and chances but it's also about taking advantage of opportunities when it presents itself, technically you can say that they a little percent of luck involved but trading is mostly about knowledge and skill set, you cannot just wake up and be a crypto trader you need to dedicate time to studying the market changes and getting familiar with the terms and systems. Learning risk Management when it comes to trading is what makes a trader different from a gambler, there are people that also gamble in crypto trading, they are the ones that makes trading seem like a game of luck

You are right about that because those who are trading cryptocurrency especially shitcoin or altcoin made it looks so common that one can easily get successful while trading, most times I calls them the opportunist because they never know what the market holds and immediately they sold out the market could likely dump on people who don't know how it works. Of course those who are trading fully required patient and to study the importance otherwise they will end up regularly losing while trading.

many advise not to enter and invest in shitcoin because the risk is very high and unreasonable, those who profit are those who buy early and sell as soon as possible during the hype. so if we only follow FOMO and are late when entering, it is likely that losses will befall us and we will lose our money. It is better to buy coins that have been proven to have a good reputation such as top 10 coins, because it is safer than buying shit coins.

[SmartGold01]

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.

Crypto trading has its risks and chances but it's also about taking advantage of opportunities when it presents itself, technically you can say that they a little percent of luck involved but trading is mostly about knowledge and skill set, you cannot just wake up and be a crypto trader you need to dedicate time to studying the market changes and getting familiar with the terms and systems. Learning risk Management when it comes to trading is what makes a trader different from a gambler, there are people that also gamble in crypto trading, they are the ones that makes trading seem like a game of luck

You are right about that because those who are trading cryptocurrency especially shitcoin or altcoin made it looks so common that one can easily get successful while trading, most times I calls them the opportunist because they never know what the market holds and immediately they sold out the market could likely dump on people who don't know how it works. Of course those who are trading fully required patient and to study the importance otherwise they will end up regularly losing while trading.

many advise not to enter and invest in shitcoin because the risk is very high and unreasonable, those who profit are those who buy early and sell as soon as possible during the hype. so if we only follow FOMO and are late when entering, it is likely that losses will befall us and we will lose our money. It is better to buy coins that have been proven to have a good reputation such as top 10 coins, because it is safer than buying shit coins.

Yes you correct buying at the earliest stage can also help someone to make cool profit when the hype has just began although some people mostly regret while selling of their holdings. For instance I can also sight a friend who bought Pepe thereabouts at a very tender age and when it got listed he sold it and when binance listed the coin in their platform it makes another x3 thereabouts at this point began to regret while selling off. The thing is one can't predict when coin is to push very high or push very lower.

[sonaa]

Yes, there is luck in business.  But we should know about why and how to trade, the more experience we have, the more profit we will get in trade.  Talking about luck, success can be achieved if decisions taken at the right time are taken in business.  When we trade in a random exchange with a random coin.  Sometimes, this can be very profitable as certain coins are priced very high on certain exchanges…

[debra]

many advise not to enter and invest in shitcoin because the risk is very high and unreasonable, those who profit are those who buy early and sell as soon as possible during the hype. so if we only follow FOMO and are late when entering, it is likely that losses will befall us and we will lose our money. It is better to buy coins that have been proven to have a good reputation such as top 10 coins, because it is safer than buying shit coins.

Of course, it is better to avoid shitcoins because they are not recommended for investment or trading. Those people who can be successful in shitcoins, they are just lucky or they are very experienced people in crypto field. If we are just average people, we are better to choose top coins who have good fundamentals, specifically the top coins.

Don't follow FOMO. It is just the way to lose the money. Most of people who follow FOMO, the don't do deep analysis. We should do our own analysis and buy the most potential coins.

[Hisbullah]

many advise not to enter and invest in shitcoin because the risk is very high and unreasonable, those who profit are those who buy early and sell as soon as possible during the hype. so if we only follow FOMO and are late when entering, it is likely that losses will befall us and we will lose our money. It is better to buy coins that have been proven to have a good reputation such as top 10 coins, because it is safer than buying shit coins.

Of course, it is better to avoid shitcoins because they are not recommended for investment or trading. Those people who can be successful in shitcoins, they are just lucky or they are very experienced people in crypto field. If we are just average people, we are better to choose top coins who have good fundamentals, specifically the top coins.

Don't follow FOMO. It is just the way to lose the money. Most of people who follow FOMO, the don't do deep analysis. We should do our own analysis and buy the most potential coins.

I agree with you that we should not always follow FOMO if we have not done good research, because if we just follow along we will lose our money. I also sometimes follow FOMO but after I do research and make an analysis of the new project. this is also profitable if we buy good coins and the team behind it is clear. but you have to be careful if you don't have experience there.
I only do that with a small capital, because the risk when buying FOMO coins is greater.

[milewilda]

many advise not to enter and invest in shitcoin because the risk is very high and unreasonable, those who profit are those who buy early and sell as soon as possible during the hype. so if we only follow FOMO and are late when entering, it is likely that losses will befall us and we will lose our money. It is better to buy coins that have been proven to have a good reputation such as top 10 coins, because it is safer than buying shit coins.

Of course, it is better to avoid shitcoins because they are not recommended for investment or trading. Those people who can be successful in shitcoins, they are just lucky or they are very experienced people in crypto field. If we are just average people, we are better to choose top coins who have good fundamentals, specifically the top coins.

Don't follow FOMO. It is just the way to lose the money. Most of people who follow FOMO, the don't do deep analysis. We should do our own analysis and buy the most potential coins.

I agree with you that we should not always follow FOMO if we have not done good research, because if we just follow along we will lose our money. I also sometimes follow FOMO but after I do research and make an analysis of the new project. this is also profitable if we buy good coins and the team behind it is clear. but you have to be careful if you don't have experience there.
I only do that with a small capital, because the risk when buying FOMO coins is greater.

When you are still newbie or noob then you are really that susceptible when it comes to this kind of situation on where you would really be definitely be having that kind of reaction on the moment that you will be able to deal up with volatile space. Of course its normal but on the moment that you will really be able to gain up sufficient experience then you would really be having
those kind of adjustments on the moment or time that you do able to encounter on the same situation. It will really be just that a normal approach for someone to have.

[UNIVERSE]

Yes, there is luck in business.  But we should know about why and how to trade, the more experience we have, the more profit we will get in trade.  Talking about luck, success can be achieved if decisions taken at the right time are taken in business.  When we trade in a random exchange with a random coin.  Sometimes, this can be very profitable as certain coins are priced very high on certain exchanges…

It is true that the success in any business sector is sometimes determined by the luck, too. However, we can't rely solely on the luck, it is mostly a small factor in the success. In trading, the factors that have big roles are knowledge and experience. We need to do analysis, we need to reach the charts, and we need to make a prediction. These can be done if we have knowledge and experience. That's why we don't rely on the luck in trading because knowledge and experience have bigger influence in the success of trading.

[Legion]

Yes, there is luck in business.  But we should know about why and how to trade, the more experience we have, the more profit we will get in trade.  Talking about luck, success can be achieved if decisions taken at the right time are taken in business.  When we trade in a random exchange with a random coin.  Sometimes, this can be very profitable as certain coins are priced very high on certain exchanges…

It is true that the success in any business sector is sometimes determined by the luck, too. However, we can't rely solely on the luck, it is mostly a small factor in the success. In trading, the factors that have big roles are knowledge and experience. We need to do analysis, we need to reach the charts, and we need to make a prediction. These can be done if we have knowledge and experience. That's why we don't rely on the luck in trading because knowledge and experience have bigger influence in the success of trading.

Chances do come in a big way in achievement but they should not be relied upon fully. Lack of maturity and analysis is the bane of trading and hence; the calls for maturity and analysed decision making in trading. Insight derived from knowledge and experience is way more stable base upon which one can make an assessment of the market trends, patterns of fluctuation as well as gauge risks. With the help of the correct approach used, it is always possible to avoid waiting for an indefinite period and achieve success in the future.

[erus]

Luck is definitely in crypto trading because every time we trade in crypto it must be a result between up and down or loss and profit. When we buy a coin with a rate position of 1 dollar and then 2 hours later the price of the coin breaks through the price of 10 dollars then in just 2 hours we have made a profit of up to 1000%, that is luck because we are ready for the risk and the results change with the profit from crypto trading.

[MUGNIA]

many advise not to enter and invest in shitcoin because the risk is very high and unreasonable, those who profit are those who buy early and sell as soon as possible during the hype. so if we only follow FOMO and are late when entering, it is likely that losses will befall us and we will lose our money. It is better to buy coins that have been proven to have a good reputation such as top 10 coins, because it is safer than buying shit coins.

Playing shitkoin is very risky, if it is a little slow, the funds will be lost, so it is true what pro traders say, never play shitkoin if you are far from your keyboard, you will only waste money, and it is certain that traders are not lucky but carefulness and patience are what provide benefits from the trades they follow.

[legend45]

many advise not to enter and invest in shitcoin because the risk is very high and unreasonable, those who profit are those who buy early and sell as soon as possible during the hype. so if we only follow FOMO and are late when entering, it is likely that losses will befall us and we will lose our money. It is better to buy coins that have been proven to have a good reputation such as top 10 coins, because it is safer than buying shit coins.

Playing shitkoin is very risky, if it is a little slow, the funds will be lost, so it is true what pro traders say, never play shitkoin if you are far from your keyboard, you will only waste money, and it is certain that traders are not lucky but carefulness and patience are what provide benefits from the trades they follow.

Playing Shitcoin, in addition to the big risk and we have to do it quickly to buy and sell as soon as possible when we get profit because the possibility of prices will fall or rugpull occurs. That's what many people have experienced in the past, don't know now whether it is still crowded in investing in Shitcoin or not because I have come out of the group because now I am not interested in Shitcoin.

[kevinvance]

Luck might play a small role in trading, especially when people randomly pick tokens that unexpectedly blow up in value. But most of the time, successful trades come down to skill and strategy.For anyone serious about trading, getting ahead usually means putting in the effort to learn and stay on top of market trends, and there are plenty of tools out there that can help with that. For example, using a maven trading discount code [nofollow] can give access to helpful resources and courses, which can improve your skills and potentially reduce the reliance on “luck.” At the end of the day, trading isn’t a gamble when you have the knowledge and resources to back up your moves.