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Author Topic: Is trading all about luck?  (Read 18250 times)

Offline UNIVERSE

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Re: Is trading all about luck?
« Reply #255 on: October 05, 2024, 11:55:07 PM »
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.
In trading or in investment, nothing can be very certain. Moreover when it is related to prediction, it is just a guess. Although forecast sometimes predicted correctly, it can be lucky. We must know that there is always a chance of unpredictable things in crypto. So, we don't fully rely on the forecast or experts prediction.



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Re: Is trading all about luck?
« Reply #255 on: October 05, 2024, 11:55:07 PM »

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Offline rizqillah

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Re: Is trading all about luck?
« Reply #256 on: October 06, 2024, 03:18:01 AM »
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.
In trading or in investment, nothing can be very certain. Moreover when it is related to prediction, it is just a guess. Although forecast sometimes predicted correctly, it can be lucky. We must know that there is always a chance of unpredictable things in crypto. So, we don't fully rely on the forecast or experts prediction.
If we want our predictions to be more accurate, we should learn to analyze and read market movements well, because short-term predictions are more difficult and I often make mistakes, but we can control the risk and change the strategy if there is a market change that could cause us to lose.

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Re: Is trading all about luck?
« Reply #256 on: October 06, 2024, 03:18:01 AM »

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Online milewilda

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Re: Is trading all about luck?
« Reply #257 on: October 06, 2024, 04:52:06 AM »
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.
In trading or in investment, nothing can be very certain. Moreover when it is related to prediction, it is just a guess. Although forecast sometimes predicted correctly, it can be lucky. We must know that there is always a chance of unpredictable things in crypto. So, we don't fully rely on the forecast or experts prediction.
If we want our predictions to be more accurate, we should learn to analyze and read market movements well, because short-term predictions are more difficult and I often make mistakes, but we can control the risk and change the strategy if there is a market change that could cause us to lose.
Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.

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Re: Is trading all about luck?
« Reply #258 on: October 06, 2024, 11:51:58 AM »
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.
In trading or in investment, nothing can be very certain. Moreover when it is related to prediction, it is just a guess. Although forecast sometimes predicted correctly, it can be lucky. We must know that there is always a chance of unpredictable things in crypto. So, we don't fully rely on the forecast or experts prediction.

I can say without modesty that I laugh at all the experts trying to predict the price of cryptocurrency, and to be specific - Bitcoin. I have been trading for more than 13 years, and have managed to draw many conclusions about which patterns work and which do not. So, returning to the topic of experts - these are ordinary guys and they, like the entire audience, do not know exactly what will happen next.
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Re: Is trading all about luck?
« Reply #259 on: October 06, 2024, 05:36:04 PM »
Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.
It is something that every trader must learn because it is basic matter in trading. This improves the chance to get profits, this means that the ability and skills have the big roles in trading. I don't know if you really think that the luck is really needed in trading, I think it only has a crucial role in gambling. Even crypto market is sometimes unpredictable, we must know how to deal with the situation if we have proper knowledge. But if we don't have the knowledge, we must feel confused to face the situation. It means it has nothing to do with luck but it is related to knowledge.

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Offline rizqillah

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Re: Is trading all about luck?
« Reply #260 on: October 07, 2024, 11:55:06 PM »
Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.
It is something that every trader must learn because it is basic matter in trading. This improves the chance to get profits, this means that the ability and skills have the big roles in trading. I don't know if you really think that the luck is really needed in trading, I think it only has a crucial role in gambling. Even crypto market is sometimes unpredictable, we must know how to deal with the situation if we have proper knowledge. But if we don't have the knowledge, we must feel confused to face the situation. It means it has nothing to do with luck but it is related to knowledge.
In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.

Offline MRY

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Re: Is trading all about luck?
« Reply #261 on: October 09, 2024, 07:03:01 AM »
Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.
It is something that every trader must learn because it is basic matter in trading. This improves the chance to get profits, this means that the ability and skills have the big roles in trading. I don't know if you really think that the luck is really needed in trading, I think it only has a crucial role in gambling. Even crypto market is sometimes unpredictable, we must know how to deal with the situation if we have proper knowledge. But if we don't have the knowledge, we must feel confused to face the situation. It means it has nothing to do with luck but it is related to knowledge.
In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.
Agreed, facing uncertain characteristics that crypto markets present, it is crucial to create a strong data-driven plan and deep analysis to be prepared for different changes. The synthesis of these two approaches will enhance the capacity of reading market features more effectively. Moreover, dynamic assessment of the portfolio and the applied strategies is necessary to meet conditions at the market. When is comes to trading it becomes very important to be coherent and enhance your skills through learning through simulations or even practicing on a demo account so as to reduce the level of loss. Other source of knowledge acquisition is also an efficient network with the experienced traders in order to build more new tricks to powder up the adaptive skills in investments.

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Re: Is trading all about luck?
« Reply #261 on: October 09, 2024, 07:03:01 AM »


Offline enoch_from_off

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Re: Is trading all about luck?
« Reply #262 on: October 09, 2024, 09:39:02 AM »
Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.
It is something that every trader must learn because it is basic matter in trading. This improves the chance to get profits, this means that the ability and skills have the big roles in trading. I don't know if you really think that the luck is really needed in trading, I think it only has a crucial role in gambling. Even crypto market is sometimes unpredictable, we must know how to deal with the situation if we have proper knowledge. But if we don't have the knowledge, we must feel confused to face the situation. It means it has nothing to do with luck but it is related to knowledge.
In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.

The market does change from cycle to cycle and on a smaller scale too, so it's natural for traders to be able to adapt to the conditions of a new chart they find themselves in and utilize their knowledge and expertise accordingly.
It's hard to be ready for everything, but it's worth trying to at least try.

Offline debra

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Re: Is trading all about luck?
« Reply #263 on: October 09, 2024, 11:54:01 PM »
The market does change from cycle to cycle and on a smaller scale too, so it's natural for traders to be able to adapt to the conditions of a new chart they find themselves in and utilize their knowledge and expertise accordingly.
It's hard to be ready for everything, but it's worth trying to at least try.
The market didn't change, crypto prices which change from one cycle to another cycle. However, I think it is normal because there is no trend that can last forever. People interest also can change, they may have the interest to another thing, they don't only focus on crypto market. yes, knowledge is needed to analyze the possible change in crypto market. If we have no knowledge we can't analyze anything, we have no idea to deal with the possible chance in crypto market if we have improper knowledge.


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Re: Is trading all about luck?
« Reply #264 on: October 10, 2024, 06:12:18 AM »
The market does change from cycle to cycle and on a smaller scale too, so it's natural for traders to be able to adapt to the conditions of a new chart they find themselves in and utilize their knowledge and expertise accordingly.
It's hard to be ready for everything, but it's worth trying to at least try.
The market didn't change, crypto prices which change from one cycle to another cycle. However, I think it is normal because there is no trend that can last forever. People interest also can change, they may have the interest to another thing, they don't only focus on crypto market. yes, knowledge is needed to analyze the possible change in crypto market. If we have no knowledge we can't analyze anything, we have no idea to deal with the possible chance in crypto market if we have improper knowledge.
Knowledege  is always needed in investing, this is the main requirement that we must have in order to decline in investing we understand. So everyone is looking for knowledge and experience so as not to make the wrong strategy and analysis. Especially in trading, also requires experience and skills in order to get maximum benefits.

Offline rizqillah

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Re: Is trading all about luck?
« Reply #265 on: October 10, 2024, 09:26:00 PM »
The market does change from cycle to cycle and on a smaller scale too, so it's natural for traders to be able to adapt to the conditions of a new chart they find themselves in and utilize their knowledge and expertise accordingly.
It's hard to be ready for everything, but it's worth trying to at least try.
The market didn't change, crypto prices which change from one cycle to another cycle. However, I think it is normal because there is no trend that can last forever. People interest also can change, they may have the interest to another thing, they don't only focus on crypto market. yes, knowledge is needed to analyze the possible change in crypto market. If we have no knowledge we can't analyze anything, we have no idea to deal with the possible chance in crypto market if we have improper knowledge.
Knowledege  is always needed in investing, this is the main requirement that we must have in order to decline in investing we understand. So everyone is looking for knowledge and experience so as not to make the wrong strategy and analysis. Especially in trading, also requires experience and skills in order to get maximum benefits.
Although sometimes we see luck in trading, but most people do not need it, because a professional trader believes more in analysis and experience and never talks about luck.
We always need knowledge, experience and learning to train skills in trading, I agree with this.

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Re: Is trading all about luck?
« Reply #266 on: October 11, 2024, 07:22:27 PM »
Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.
It is something that every trader must learn because it is basic matter in trading. This improves the chance to get profits, this means that the ability and skills have the big roles in trading. I don't know if you really think that the luck is really needed in trading, I think it only has a crucial role in gambling. Even crypto market is sometimes unpredictable, we must know how to deal with the situation if we have proper knowledge. But if we don't have the knowledge, we must feel confused to face the situation. It means it has nothing to do with luck but it is related to knowledge.
In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.

Trading requires experience without experience no one can make profit in trading. If one depends on luck in trading then he will make a big mistake because trading requires experience more than depending on luck. But I think gambling depends on luck.  Gambling can be done but experience is needed in trading. Those who have more experience in trading have less chance of losing. Sometimes losses need experience to bring them back.

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Re: Is trading all about luck?
« Reply #267 on: October 11, 2024, 09:17:38 PM »

Trading requires experience without experience no one can make profit in trading. If one depends on luck in trading then he will make a big mistake because trading requires experience more than depending on luck. But I think gambling depends on luck.  Gambling can be done but experience is needed in trading. Those who have more experience in trading have less chance of losing. Sometimes losses need experience to bring them back.
Agreed experience will minimize our losses in trading, the funds you said are true trading requires knowledge and experience and our expertise in managing risk, because this is closely related to the risk we take. We cannot trade and only rely on luck, because trading is not gambling. if in gambling we can rely on luck, but this is different from trading.

Offline MRY

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Re: Is trading all about luck?
« Reply #268 on: October 12, 2024, 05:35:30 AM »
Its a must thing and this is something which we would really be normally be able to learn up along the way on which it will really be something that we will be able to realize on how its been done. Trading does really need up some luck because there would really be those moments or times that you will be able to make yourself failed up despite of the good analysis you do have.
There would really be those times or moments on which market will really be not reacting on what you have analyzed.This is why back up plans will really be that needed.
It is something that every trader must learn because it is basic matter in trading. This improves the chance to get profits, this means that the ability and skills have the big roles in trading. I don't know if you really think that the luck is really needed in trading, I think it only has a crucial role in gambling. Even crypto market is sometimes unpredictable, we must know how to deal with the situation if we have proper knowledge. But if we don't have the knowledge, we must feel confused to face the situation. It means it has nothing to do with luck but it is related to knowledge.
In trading I do not rely on luck, because I focus more on the knowledge and experience that I have because when the market changes we also have to change the strategy that we can do so that we still get profit and do not cause losses to our investment.
that's why many people suggest that we always practice to hone our skills and gain experience so that we can face every change in the crypto market that is difficult to predict.

Trading requires experience without experience no one can make profit in trading. If one depends on luck in trading then he will make a big mistake because trading requires experience more than depending on luck. But I think gambling depends on luck.  Gambling can be done but experience is needed in trading. Those who have more experience in trading have less chance of losing. Sometimes losses need experience to bring them back.
Indeed, it has to do more than just luck, as it has been seen that trading really does depend on experience. The never ending speculation that characterizes a game of chance was replaced by the specific knowledge of various forms of analysis, risk management, and operations carried out by traders. Experience also explains how an Iraq trader can be in a position to manage emotions, and manage situations and loss. In fact, it makes losses as constructive which makes a person wiser in reading the market and articulating a better figure in the future. Hence, it’s only effective for a trader to constantly be patient, keep on learning and adapt depending on the experience one has gained in the trade.

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Re: Is trading all about luck?
« Reply #269 on: October 13, 2024, 10:28:22 PM »
If we want our predictions to be more accurate, we should learn to analyze and read market movements well, because short-term predictions are more difficult and I often make mistakes, but we can control the risk and change the strategy if there is a market change that could cause us to lose.
I think we can't make any prediction if we have no ability in analyzing. It is also difficult to predict anything without knowing the market condition. Whether we analyze the short term or long term condition, both of them need many considerations. We learn the technical and fundamental aspects.

I can say without modesty that I laugh at all the experts trying to predict the price of cryptocurrency, and to be specific - Bitcoin. I have been trading for more than 13 years, and have managed to draw many conclusions about which patterns work and which do not. So, returning to the topic of experts - these are ordinary guys and they, like the entire audience, do not know exactly what will happen next.
Yes, all of them are actually normal people. They only have more experience, so they can make analysis. There is no problem that they want to make any prediction. But we don't fully trust them, it is better we have our own analysis and own prediction. I personally prefer our own way in prediction.


 

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