Is trading all about luck?

[luckyledger]

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.

Yep, luck is always there, but when a person goes in with no analysis beforehand, things may go down bad really quickly.
It's essential to trade responsibly in order to avoid such fate and get experience in trading naturally with time.

[Rubel007]

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.

Yes, luck plays role in trading but it is very little. I can make good profit depending on luck but that won't be always. If I acquire proper trading knowledge and use that knowledge and experience then I can do better in trading. One is to rely entirely on luck which can be used as equivalent to gambling and the other is to use one's own skills and talents. My personal opinion is that trading is not all about luck. Those who rely on luck in trading must lack of trading skill or knowledge which can not be considered as trading and that should be called as gambling.

[legend45]

Yes, luck plays role in trading but it is very little. I can make good profit depending on luck but that won't be always. If I acquire proper trading knowledge and use that knowledge and experience then I can do better in trading. One is to rely entirely on luck which can be used as equivalent to gambling and the other is to use one's own skills and talents. My personal opinion is that trading is not all about luck. Those who rely on luck in trading must lack of trading skill or knowledge which can not be considered as trading and that should be called as gambling.

In trading we do not always depend on luck but on our skills, knowledge and experience in trading. luck is a small factor that usually exists in trading and it will not always exist. Because we must have knowledge, good experience and expertise in trading. making analysis before deciding to trade, that's the best way we can do.

[debra]

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.

If we don't really understand about the FOMO, it is better to stay away from FOMO. I've never planned to follow FOMO, I prefer to choose reputable coins. People follow FOMO mostly for trending coins, many of trending coins are new meme coins. Personally, I am really doubtful with meme coins. I prefer to choose top coins for my investment. I'm a typical of a long term holder, so I collect the coins which can survive a long time.

It is no problem if you understand it. You must follow FOMO because you are experienced enough. But a person like me, prefer to choose safe coins. I'm not really experienced in following FOMO.

[Mr. Magkaisa]

         -      If a gambler might enter or try trading, he can think that crypto trading is no different from gambling, where luck is the only basis for winning or getting profit.

But if we look at trading as a skill or job, we will not think that it is just a matter of luck; we always give time to learn and understand trading as a trader, which is no different from a university student studying a course.

[enoch_from_off]

         -      If a gambler might enter or try trading, he can think that crypto trading is no different from gambling, where luck is the only basis for winning or getting profit.

But if we look at trading as a skill or job, we will not think that it is just a matter of luck; we always give time to learn and understand trading as a trader, which is no different from a university student studying a course.

In trading, there are more metrics that are presented to you and you can at least try to analyze them. It would be your loss if you don't try it or do it regularly before going with the position you have in mind.
Otherwise, it's gambling whether the coin would go up and down.

[LUCKMCFLY]

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.

You're right, in fact you made me remember a book by Jesse Livermore, that he was very good at trading, but when he got what we call a sixth sense, he listened to it, and it was something like buying a stock that he shouldn't because it didn't seem to have a future, he bought it but he only followed his instinct and when he saw it he was making money with that stock, then he would say that sometimes we had to follow our instincts as market speculators, of course not all the time, but sometimes it was necessary because sometimes you won inexplicably.

[Agbe]

Trading is not all about luck, we need to learn and have the experience on how to trade before we can be productive in it, someone who doesn't know about trading may finds it difficult to make the very best from it, trading is not like the way we gamble by luck, when we are to go into trading, we need to gather up learning resources that could help achieve using a specific and profitable trading strategy, those that may not have an idea in this can be lacking behind in knowing the right thing or step to take before and during their trades.

People that always think trading is about luck are those people that rely on crypto signals before placing a trade, people like this would never take out their time to learn how to know their way around the market and gain some experiences they just subscribe to a channel and wait for signals hoping to get lucky, you might as well think of playing sports betting because you are taking the financial market as hundred percent gambling, whereas it's a school of learning that you can always learn something everyday. If you continue to think luck us All you need in crypto trading you wouldn't really go far with it

[bayu7adi]

If we examine it further, it's all based on percentages too... the percentage of winning and the percentage of luck... while the analysis we do, the techniques we apply and the many things we prepare are our own ways to increase our chances of winning in trading... it never guarantees victory in trading, but it can increase the chances of luck being on our side....

So, in my personal opinion, trading or investment or any decision in this world with uncertain results, still depends on luck too, even though the portion is small.

[Aanuoluwatofunmi]

We need luck in trading, but its not all about having luck alone, we also have to put in some extra efforts in developing our abilities to learn how to trade, when we have developed to an extent a particular trading strategy, then get used to how the market works and the way to speculate and read the direction through which its going, then it may not be too difficult for us in achieving for what we want

[milewilda]

We need luck in trading, but its not all about having luck alone, we also have to put in some extra efforts in developing our abilities to learn how to trade, when we have developed to an extent a particular trading strategy, then get used to how the market works and the way to speculate and read the direction through which its going, then it may not be too difficult for us in achieving for what we want

Luck would really be that still relevant on the moment that you would really be doing trades and this is something which is really that something needed too because all of analysis you had made out and if it turns out that luck isnt on your side then it would really be ending up on a losing trade on which we know that the market does have those kind of unexpected situations or events
on which it could might affect the overall movement or trend on which it might oppose into the other direction if we do speak such as this. It will really be depending into those factors.
It will really be that something you will realize about its relevance but of course you cant be able to rely from it.

[gunhell16]

Maybe with other traders it could be just luck, but with traders who have extensive knowledge of trading, they won't really think about it. Of course, if you or we know what we are doing, for sure we will get a profit from the analysis we will do in the trading activity.

Then the real traders do not rely on luck for profit, because trading in the crypto space is not like slot games, where even if you know nothing, you will instantly get a big profit without even doing any trading studies. So if anyone thinks that trading is all about luck, I wish it was called trading gambling. That's why it's not like that, because most people know they are two different things or they are different from one another.

[rizqillah]

Maybe with other traders it could be just luck, but with traders who have extensive knowledge of trading, they won't really think about it. Of course, if you or we know what we are doing, for sure we will get a profit from the analysis we will do in the trading activity.

Then the real traders do not rely on luck for profit, because trading in the crypto space is not like slot games, where even if you know nothing, you will instantly get a big profit without even doing any trading studies. So if anyone thinks that trading is all about luck, I wish it was called trading gambling. That's why it's not like that, because most people know they are two different things or they are different from one another.

Trading requires expertise and experience so it does not only rely on luck although sometimes luck will also be present when we do trading. but for a professional trader they will not think about luck but they will always see the results of their analysis when achieving their trading results, whether it is profit or loss.

[satpol_PP]

Maybe with other traders it could be just luck, but with traders who have extensive knowledge of trading, they won't really think about it. Of course, if you or we know what we are doing, for sure we will get a profit from the analysis we will do in the trading activity.

Then the real traders do not rely on luck for profit, because trading in the crypto space is not like slot games, where even if you know nothing, you will instantly get a big profit without even doing any trading studies. So if anyone thinks that trading is all about luck, I wish it was called trading gambling. That's why it's not like that, because most people know they are two different things or they are different from one another.

Trading requires expertise and experience so it does not only rely on luck although sometimes luck will also be present when we do trading. but for a professional trader they will not think about luck but they will always see the results of their analysis when achieving their trading results, whether it is profit or loss.

You are right a professional trader will not see the luck because for them the influence is small, they believe more in their analysis and strategy. I am not a professional trader, so I sometimes see luck also playing in my trading, because maybe my analysis and prediction skills are not good enough. But I do not depend on luck, I have to learn to sharpen my analysis in order to become a professional trader.

[erus]

Luck might play a small role in trading, especially when people randomly pick tokens that unexpectedly blow up in value.

Choosing a random token without our own knowledge is the same as committing suicide for our trading capital. I think having a random token of unknown origin is very dangerous for our funds because the token could turn into a dead coin and no one will buy it,just like your statement is very dangereous for me.

But most of the time, successful trades come down to skill and strategy.

Skills and strategies for trading definitely require a lot of time to learn and I am sure that during the process there will definitely be profits and losses of more than 3% because the rate of change in crypto trading is very fast and this affects Luck.