Is trading all about luck?

[UNIVERSE]

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.

I don't really understand what you mean. However, the chance can be obtained if we do hard efforts. The hard efforts will be effective if we have good knowledge. It is because we will use proper ways if we have good knowledge. People who don't have good knowledge, they won't understand the right way to do it.

Regarding the maturity, it is all about the mentality aspect. That's why we must be mature enough to do trading. It is simply not a job for kids. Only a mature person who knows how to control emotion and understand about analysis.

[milewilda]

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.

I don't really understand what you mean. However, the chance can be obtained if we do hard efforts. The hard efforts will be effective if we have good knowledge. It is because we will use proper ways if we have good knowledge. People who don't have good knowledge, they won't understand the right way to do it.

Regarding the maturity, it is all about the mentality aspect. That's why we must be mature enough to do trading. It is simply not a job for kids. Only a mature person who knows how to control emotion and understand about analysis.

You would be able to realize it sooner or later when we do speak about long term duration trading on which it will really be that normal that you do able to see out on what are the things
that must be done. You will be able to notice it out on how this market works and moves on which on the moment or time that you do able to get sufficient experience, then you do
really know on what you should gonna do. It is really that important that you do really that adapt and making yourself versatile on whatever the things you would really gonna do.
Dont make yourself that being confident that each trades would result out to positive because thats not how it works.

[Agbe]

Trading depends on predictions, but luck plays a big role at times as the market fluctuates constantly. Because if you don't have a good fortune you can't think of a potential and you will make wrong predictions. And if you have a good luck you can automatically make a possible prediction. While everyone accepts that luck is involved in gambling, no one wants to accept that it depends on luck in trading.  But I feel that sometimes luck is needed in trading otherwise nothing good can be gained from trading. But luck doesn't matter when it comes to holding.

You said it yourself that the market fluctuates and luck is needed when trading what makes you think that hodling is going be any different from that? I don't think luck plays a big role when it comes to crypto trading this is what makes it different from gambling although there are times that the market can take a different turn from what you analysed, the financial market has it's ups and downs, even expert traders fall into some losses but at the long run their profits would cover it all. One thing that can make you have such result is information, understanding the market and knowing when to take advantage of an opportunity when it comes following the principles of risk management. Crypto trading isn't gambling that has a big amount of luck involved, trading requires constant learning and research

[superman22]

I know that you have a question as to whether trading is indeed a matter of luck. As helpful as it may sound, one has to say that luck does indeed play a role in trading, even if it seems like some people hit the jackpot on a particular stock for instance.

The issue of trading opposes the concept that luck controls the entire process of trading. While it may take a level of the inside and sheer luck to make trading during a short period possible it is very important to observe that trading is more of skill, strategy and knowledge. There are many ways that traders employ in order to assess markets, establish trends, and make the right choices.

[debra]

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.

I agree that trading requires experience. But the most important is still knowledge. Of course, these can't get by luck. To get knowledge and experience, we must focus on learning seriously. Professional traders will apply their knowledge in trading strategy. The experience will be also very helpful. They won't rely on the luck because they know how to trade properly. If we can trader in a proper way, there is a big chance to get good profits.

[satpol_PP]

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.

I agree that trading requires experience. But the most important is still knowledge. Of course, these can't get by luck. To get knowledge and experience, we must focus on learning seriously. Professional traders will apply their knowledge in trading strategy. The experience will be also very helpful. They won't rely on the luck because they know how to trade properly. If we can trader in a proper way, there is a big chance to get good profits.

In trading we cannot just rely on luck because we must have knowledge and experience by always honing our trading skills. To have expertise in trading takes a long time, to become a professional trader must focus on learning and always try strategies that fit our trading. This may take more than 5 years.

[LUCKMCFLY]

I know that you have a question as to whether trading is indeed a matter of luck. As helpful as it may sound, one has to say that luck does indeed play a role in trading, even if it seems like some people hit the jackpot on a particular stock for instance.

Only on some occasions trading can be seen as moves of luck, but it is not like that, most of the time it is about having the movement planned and properly studied, not only the technical analysis enters into the analysis, also the fundamental and above all the logic of the person, this is something that will always be present there, or that is why we as good traders should always seek to make the best moves but with study and analysis, not leave this to luck, for me trading is not gambling.

[alltalk]

I don't think luck plays a big role when it comes to crypto trading this is what makes it different from gambling although there are times that the market can take a different turn from what you analysed, the financial market has it's ups and downs, even expert traders fall into some losses but at the long run their profits would cover it all. One thing that can make you have such result is information, understanding the market and knowing when to take advantage of an opportunity when it comes following the principles of risk management.

You're right. If the luck has a big role in trading, it is the same as gambling. In fact, knowledge is the most factor in trading, it has the biggest role in trading. Sure, if we have good knowledge, we can do research or analysis. We can have the ability of fundamental and technical analysis, too. But this won't be easy to master, it needs time to learn it.

Understanding the market trends or market condition is also very important. As a trader, we need to update our information regularly. In addition, mentality is also important. As a trader, we need to have strong mentality and we mustn't be easy influenced by any rumor.

[debra]

In trading we cannot just rely on luck because we must have knowledge and experience by always honing our trading skills. To have expertise in trading takes a long time, to become a professional trader must focus on learning and always try strategies that fit our trading. This may take more than 5 years.

It is wrong if we rely on the luck in trading. People only can rely on the luck when they are playing gambling. But in trading, people must rely on the knowledge and their experience. If they have good knowledge and experience, they can increase the chance to get profits. Analysis is very needed in trading, this will determine the entry and exit time. If a trader knows well the time for entry and exit, I'm sure they will easily get profits.

[Sukii]

Well although trading is not all about luck but we can deny the fact that luck plays a minor role in trading
But for traders who have consistently gotten successful it becomes clear that they win that much not because of luck but because of there skill,knowledge and experiences

[rizqillah]

In trading we cannot just rely on luck because we must have knowledge and experience by always honing our trading skills. To have expertise in trading takes a long time, to become a professional trader must focus on learning and always try strategies that fit our trading. This may take more than 5 years.

It is wrong if we rely on the luck in trading. People only can rely on the luck when they are playing gambling. But in trading, people must rely on the knowledge and their experience. If they have good knowledge and experience, they can increase the chance to get profits. Analysis is very needed in trading, this will determine the entry and exit time. If a trader knows well the time for entry and exit, I'm sure they will easily get profits.

Agreed we can not only rely on luck in trading because we must have experience and knowledge in trading. make analysis and start to develop strategies to determine targets in order to get maximum profit. if only rely on luck we should gamble, you are right. because becoming a professional trader is not easy and takes a long time.

[UNIVERSE]

Well although trading is not all about luck but we can deny the fact that luck plays a minor role in trading

Yes, trading isn't based on luck. And we can deny luck plays a vital role! If we want to rely on luck, just play gambling. There is no way that we will rely on luck in trading. If we still expect to succeed in trading because of luck, it will never happen. Instead of success, we may keep losses in trading in this way.

But for traders who have consistently gotten successful it becomes clear that they win that much not because of luck but because of there skill,knowledge and experiences

Correct. Knowledge and experience are 2 matters in trading which have vital roles. Having improper of these things, we may have a small chance to succeed. 

[debra]

Agreed we can not only rely on luck in trading because we must have experience and knowledge in trading. make analysis and start to develop strategies to determine targets in order to get maximum profit. if only rely on luck we should gamble, you are right. because becoming a professional trader is not easy and takes a long time.

We shouldn't rely luck because it is not true in trading. We must rely on our capability or skills. That's why we must have good knowledge. If we have no good knowledge, how we can make analysis? We also can't make any research to know potential coins. We also can decide to use any strategy because we have knowledge. If we have no knowledge, we can't choose any strategy. Moreover if we want to be a professional trader, we must have a lot of knowledge and experience as well.

[satpol_PP]

We shouldn't rely luck because it is not true in trading. We must rely on our capability or skills. That's why we must have good knowledge. If we have no good knowledge, how we can make analysis? We also can't make any research to know potential coins. We also can decide to use any strategy because we have knowledge. If we have no knowledge, we can't choose any strategy. Moreover if we want to be a professional trader, we must have a lot of knowledge and experience as well.

Agreed, in trading we should not always rely on luck because we must have knowledge, analysis and skills. because in trading we will always be faced with fluctuating and unpredictable market movements, it is not easy to make the right analysis and prediction if we do not have enough experience.

[summonerrk]

Well although trading is not all about luck but we can deny the fact that luck plays a minor role in trading
But for traders who have consistently gotten successful it becomes clear that they win that much not because of luck but because of there skill,knowledge and experiences

Unfortunately in trading you can never say with complete certainty that the trader has predicted everything correctly. Even if his forecast came true, it may be a situation where he predicted the price movement incorrectly, but he was just lucky because of luck.