Is trading all about luck?

[alltalk]

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.

You have done the right way in trading. 
Yep, we don't rely on the luck because trading has nothing to do with luck. Trading is about knowledge, we can trade in the right way if we have the knowledge. Experience is also another factor, this is really helpful in trading. With experience, we know how to deal with any condition in crypto market. If we have this ability, we even can get profits both in bearish and bullish season. This is what professional traders do!!

[Hatchy]

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.

In life, everything works in our favor when luck is by our side. Though trading doesn't literally depends on luck as gambling do. And that because I'm trading, you get to do some analysis and try to predict using your analysis where the market is heading. And it's actually visible to you if you know how to. Gambling is different as we know. When you have good knowledge about trading and understands the market dynamics, then it becomes easier to navigate the market. So as a trader even if you want to rely on luck, you should as well know about the market.

[Asiska02]

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.

You are right because change is constant and the ability of you to always adopt to that change when it comes around is the best thing for you in order to become a profitable trader. If you’ve been studying the market before taking any trade, it requires that you get acquainted to the directions of the market so that when you see anything abnormal, you can just know that there is going to be a shift in the direction of the market. Such indicators are what big traders are looking for in order to win big from the market, they don’t rely on all the technical analysis that people prefer to predicts the market to always go up. The disadvantages should also be known and shared across to newbies in order to really know what they’re in for.

[Gita]

Luck always helps but never at the right time. Then it is necessary to learn why and how to trade and after that the more experience we have, the more we see the advantage in trading. Trading is not like we do by luck.  As gambling, when we are going to trade, we need to gather learning resources that can help us achieve accurate and profitable trading strategies.

[royalRitta]

Luck always helps but never at the right time. Then it is necessary to learn why and how to trade and after that the more experience we have, the more we see the advantage in trading. Trading is not like we do by luck.  As gambling, when we are going to trade, we need to gather learning resources that can help us achieve accurate and profitable trading strategies.

Yeah, there is a difference from gambling, - the fact that you can utilize may factors and do your own research before entering the position, whereas in gambling you know for sure that only luck would push your progress and potential profit.

[SmartGold01]

Luck always helps but never at the right time. Then it is necessary to learn why and how to trade and after that the more experience we have, the more we see the advantage in trading. Trading is not like we do by luck.  As gambling, when we are going to trade, we need to gather learning resources that can help us achieve accurate and profitable trading strategies.

Yeah, there is a difference from gambling, - the fact that you can utilize may factors and do your own research before entering the position, whereas in gambling you know for sure that only luck would push your progress and potential profit.

Gambling as people keep seeing it can't be generally categorize as trading I think I have mentioned this before that people always term it trading to be gambling. If they are trading trusted coins such as bitcoin then it's not gambling because you would hardly lose your coin, since there is enough liquidity in bitcoin unlike other newly launched coins.

[Ovbiebo praise]

Luck always helps but never at the right time. Then it is necessary to learn why and how to trade and after that the more experience we have, the more we see the advantage in trading. Trading is not like we do by luck.  As gambling, when we are going to trade, we need to gather learning resources that can help us achieve accurate and profitable trading strategies.

Yeah, there is a difference from gambling, - the fact that you can utilize may factors and do your own research before entering the position, whereas in gambling you know for sure that only luck would push your progress and potential profit.

Gambling as people keep seeing it can't be generally categorize as trading I think I have mentioned this before that people always term it trading to be gambling. If they are trading trusted coins such as bitcoin then it's not gambling because you would hardly lose your coin, since there is enough liquidity in bitcoin unlike other newly launched coins.

People saying trading is gambling is like insulting those that spent years honing their skills

[gunhell16]

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.

You have done the right way in trading. 
Yep, we don't rely on the luck because trading has nothing to do with luck. Trading is about knowledge, we can trade in the right way if we have the knowledge. Experience is also another factor, this is really helpful in trading. With experience, we know how to deal with any condition in crypto market. If we have this ability, we even can get profits both in bearish and bullish season. This is what professional traders do!!

I also agree, it's a big lie to say that trading is all about luck just like gambling. Because what's the point of skills or learning about indicators used in trading if it's all about luck? right?

Trading, after all, can be considered as a course because there is a lot to study here, and learning trading is not a joke like here in the crypto space because everything that can be learned and studied here can also be used in reality as well in the stockmarket, forex and here in crypto trading.

[royalRitta]

Luck always helps but never at the right time. Then it is necessary to learn why and how to trade and after that the more experience we have, the more we see the advantage in trading. Trading is not like we do by luck.  As gambling, when we are going to trade, we need to gather learning resources that can help us achieve accurate and profitable trading strategies.

Yeah, there is a difference from gambling, - the fact that you can utilize may factors and do your own research before entering the position, whereas in gambling you know for sure that only luck would push your progress and potential profit.

Gambling as people keep seeing it can't be generally categorize as trading I think I have mentioned this before that people always term it trading to be gambling. If they are trading trusted coins such as bitcoin then it's not gambling because you would hardly lose your coin, since there is enough liquidity in bitcoin unlike other newly launched coins.

People saying trading is gambling is like insulting those that spent years honing their skills

If you trade using only the instincts with the coins having a low cap and only their communities as their support and liquidity - yeah, I would consider it a gamble, the one that has potential, but nevertheless.
Otherwise - it's trading.

[bayu7adi]

Luck is always there... and in trading we can also say that we rely on luck... but the percentage of luck can be adjusted to our efforts...

Analysis, learning, and experience can increase our chances of being lucky in trading... the greater the possibility of our luck, the higher our chances of always winning in trading... this is logical, right?

And luck in gambling is different from profit in trading... gambling such as slot machines, lottery cannot be learned and it relies purely on luck... and because trading can be learned the nature of the market, it makes trading patterns can be learned...

[doc]

Luck is always there... and in trading we can also say that we rely on luck... but the percentage of luck can be adjusted to our efforts...

Analysis, learning, and experience can increase our chances of being lucky in trading... the greater the possibility of our luck, the higher our chances of always winning in trading... this is logical, right?

And luck in gambling is different from profit in trading... gambling such as slot machines, lottery cannot be learned and it relies purely on luck... and because trading can be learned the nature of the market, it makes trading patterns can be learned...

Yes, luck will always be there, but we should not always hope for luck in trading, trading requires analysis, experience and skills that we must have so that in trading we do not depend on luck.
while in gambling it depends more on luck, because of course I am not a gambler, I only heard from many friends who told me, gambling is different from trading.

[pieppiep]

Luck is always there... and in trading we can also say that we rely on luck... but the percentage of luck can be adjusted to our efforts...

Analysis, learning, and experience can increase our chances of being lucky in trading... the greater the possibility of our luck, the higher our chances of always winning in trading... this is logical, right?

And luck in gambling is different from profit in trading... gambling such as slot machines, lottery cannot be learned and it relies purely on luck... and because trading can be learned the nature of the market, it makes trading patterns can be learned...

Yes, luck will always be there, but we should not always hope for luck in trading, trading requires analysis, experience and skills that we must have so that in trading we do not depend on luck.
while in gambling it depends more on luck, because of course I am not a gambler, I only heard from many friends who told me, gambling is different from trading.

Agreed, in trading luck is important, but luck alone will not make you consistently rich. It also involves a fundamental analysis together with a technical analysis and the most importantly the market condition of the security being traded. Inexperience is also very dangerous when it comes to risk management; however, the value helps to ensure that each trade is a decision and not a gamble. While in case of gambling the results are random and cannot be predicted, when a person loses he loses money immediately and he cannot even get it back.

[SmartGold01]

Luck always helps but never at the right time. Then it is necessary to learn why and how to trade and after that the more experience we have, the more we see the advantage in trading. Trading is not like we do by luck.  As gambling, when we are going to trade, we need to gather learning resources that can help us achieve accurate and profitable trading strategies.

Yeah, there is a difference from gambling, - the fact that you can utilize may factors and do your own research before entering the position, whereas in gambling you know for sure that only luck would push your progress and potential profit.

Gambling as people keep seeing it can't be generally categorize as trading I think I have mentioned this before that people always term it trading to be gambling. If they are trading trusted coins such as bitcoin then it's not gambling because you would hardly lose your coin, since there is enough liquidity in bitcoin unlike other newly launched coins.

People saying trading is gambling is like insulting those that spent years honing their skills

This is why I don't like people saying trading is gambling because they don't actually know how to classify trading because when they gamble with altcoin and they lose it entirely, it's then they would say trading is gambling but when they enters trading with reputable coin that doesn't lose its value just like that you will say that they will definitely benefits from it.

[nakmantu99]

This is why I don't like people saying trading is gambling because they don't actually know how to classify trading because when they gamble with altcoin and they lose it entirely, it's then they would say trading is gambling but when they enters trading with reputable coin that doesn't lose its value just like that you will say that they will definitely benefits from it.

Trading is not gambling because it requires knowledge, experience and skills in making analysis and reading charts and also having a good strategy in order to get maximum profit.
becoming a trader takes a long time to learn even a professional trader takes 5 years with their focus on having expertise in trading.

[smartaction]

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.

You have done the right way in trading. 
Yep, we don't rely on the luck because trading has nothing to do with luck. Trading is about knowledge, we can trade in the right way if we have the knowledge. Experience is also another factor, this is really helpful in trading. With experience, we know how to deal with any condition in crypto market. If we have this ability, we even can get profits both in bearish and bullish season. This is what professional traders do!!

A professional trader knows when to trade and when to avoid trading. Avoid trading when the market is bad. If one trades when the market is going bad then one can incur losses in trading. Trading can be profitable when the market conditions are good. We need a lot of knowledge and experience to make a profit in trading.If one does not have experience in trading he will never be able to profit. Trading is never based on luck. The more we do trading the more experience we can gain about trading.