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Question: when trading skills and luck which is more important?
Skills - 51 (28.2%)
Luck - 20 (11%)
both - 110 (60.8%)
Total Voters: 181

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Author Topic: Skills vs Luck *poll*  (Read 34676 times)
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October 07, 2016, 05:42:56 PM
 #281

Skill vs luck is an interesting discussion which you can have for over hours for certain activities but when we talk about trading then trust me skill definitely ends on top.
Go trade without skill and then compare it after you got good you'll see a very big difference in consistency.
Very true. With luck we can not expect consistency. But for trading consistency is more important as rare profits may get wiped out through one single loss.

Skill in trading is nothing but our strategies for researches and analysis. A strong research and analysis we could maximize the chances of getting profits in trading. Without them, going for trading just with luck will never produce consistency.

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October 08, 2016, 03:21:23 AM
 #282

Skill vs luck is an interesting discussion which you can have for over hours for certain activities but when we talk about trading then trust me skill definitely ends on top.
Go trade without skill and then compare it after you got good you'll see a very big difference in consistency.
Very true. With luck we can not expect consistency. But for trading consistency is more important as rare profits may get wiped out through one single loss.

Skill in trading is nothing but our strategies for researches and analysis. A strong research and analysis we could maximize the chances of getting profits in trading. Without them, going for trading just with luck will never produce consistency.
Sometimes we are lucky but we should not really on that, our only chance to succeed in trading is when we know the secrets to make consistent income, we just have to be hard working and devoted to our goal, everything can be learn because when other succeeds that means it is doable and we can also be successful.

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October 08, 2016, 06:03:31 PM
 #283

Skill vs luck is an interesting discussion which you can have for over hours for certain activities but when we talk about trading then trust me skill definitely ends on top.
Go trade without skill and then compare it after you got good you'll see a very big difference in consistency.
Very true. With luck we can not expect consistency. But for trading consistency is more important as rare profits may get wiped out through one single loss.

Skill in trading is nothing but our strategies for researches and analysis. A strong research and analysis we could maximize the chances of getting profits in trading. Without them, going for trading just with luck will never produce consistency.
Sometimes we are lucky but we should not really on that, our only chance to succeed in trading is when we know the secrets to make consistent income, we just have to be hard working and devoted to our goal, everything can be learn because when other succeeds that means it is doable and we can also be successful.
yes it is also right that skill can make the way easy for our success, there is no doubt about this, but i think skill is only the tool and the luck is the main thing for success, and we must believe on that,
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October 08, 2016, 06:10:25 PM
 #284

Sometimes we are lucky but we should not really on that, our only chance to succeed in trading is when we know the secrets to make consistent income, we just have to be hard working and devoted to our goal, everything can be learn because when other succeeds that means it is doable and we can also be successful.

Skills might be needed when we trade, but all we need is luck because even skills need to get updated time-to-time but luck has the power to change everything for us, either in a good or bad way... So, even being dedicated towards your goal, learning cannot always provide you everything in this day-to-day changing life...

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October 09, 2016, 12:46:37 PM
 #285

Of course in trading skills are more important, than luck. Skills you can develop with time, luck can be only sometimes, you never know.  Grin
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October 09, 2016, 02:09:07 PM
 #286

They cant take away the skills from you. But luck? It can go away in just a minute. Some people dont even believe in it. Because if you do then you also believe in bad luck. The problem is most gamblers believe in this even if they are already losing.

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October 09, 2016, 03:43:50 PM
 #287

They cant take away the skills from you. But luck? It can go away in just a minute. Some people dont even believe in it. Because if you do then you also believe in bad luck. The problem is most gamblers believe in this even if they are already losing.

if we are talking about gambling, then luck definitely plays a bigger part than skill. i mean let's face it even experienced gamblers would admit that you have to be lucky most of the time to win. especially for games such as dice, or baccarat. even if you know how to read how the cards move, you still would be dependent on luck almost all the time

 
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October 10, 2016, 08:29:11 AM
 #288

Whatever people say skill is always going to be way more important in trading than luck is.
Consistency is key and what makes you consistent is skill cause luck is not consistent at all but skill you can "apply" with every trade you do.
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October 10, 2016, 09:34:09 AM
 #289

Yeah almost all peoples agree trading is not about skill, its more about instinct.
They're know when to makes a move or leave.

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October 10, 2016, 02:56:31 PM
 #290

When trading skill will definitely matter more than luck will matter. Luck is something that everyone can get or can get the opposite skill is something you have to earn which only helps and not ruins it for you so skill is consistent.
Consistency is key when trading so I pick skill for this one.


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October 10, 2016, 03:07:09 PM
 #291

You need those both.. because you can not always be win if you dont have skills if you have those both while you are playing you can get more gain done no skill or luck..
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October 11, 2016, 07:55:14 AM
 #292

I think that you can only be lucky when trading because we can't figure out what the price is because bitconi's volatile

No you can't just be lucky when trading and you can guess what prices will be somewhat. You just have to analyze the market prices and find a behavior in one of them which is returning and then take advantage.
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October 11, 2016, 10:38:00 AM
 #293

I think that you can only be lucky when trading because we can't figure out what the price is because bitconi's volatile

No you can't just be lucky when trading and you can guess what prices will be somewhat. You just have to analyze the market prices and find a behavior in one of them which is returning and then take advantage.
Being only lucky when trading is enough in my opinion,even you're buying in the most high peak of price at the month but if you have luckyness and the price suddenly increasing drastically then you can make profit from it,and the factors that make traders got profit is luckyness and analyzation skill regardless to any other factor

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October 11, 2016, 12:04:08 PM
 #294

I think that you can only be lucky when trading because we can't figure out what the price is because bitconi's volatile

No you can't just be lucky when trading and you can guess what prices will be somewhat. You just have to analyze the market prices and find a behavior in one of them which is returning and then take advantage.
Being only lucky when trading is enough in my opinion,even you're buying in the most high peak of price at the month but if you have luckyness and the price suddenly increasing drastically then you can make profit from it,and the factors that make traders got profit is luckyness and analyzation skill regardless to any other factor
I would not rely on my luck if I were you, if you are a day trader and you are frequently trading for sure you will not succeed as your luck cannot be with you all the time because if that is the case we do not have to do our research anymore and just trade blindly they collect the profit.

R


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October 11, 2016, 01:24:20 PM
 #295

I think in the end Skill Wins
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October 11, 2016, 02:37:16 PM
 #296

In my humble opinion what really matters is skill. Since you can trade on the spread I don't see why even an amateur would loose in the long run. Just think about it, the only people that ever "lost" with Bitcoin are those who bought over 1100$, the rest of us had more than one chances to sell and profit. Now if you combine this with some propper skill there you have it, a profitable recipe.
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October 11, 2016, 02:41:45 PM
 #297

In my humble opinion what really matters is skill. Since you can trade on the spread I don't see why even an amateur would loose in the long run. Just think about it, the only people that ever "lost" with Bitcoin are those who bought over 1100$, the rest of us had more than one chances to sell and profit. Now if you combine this with some propper skill there you have it, a profitable recipe.
well right skills is your main gun inside trading it will serve as your main resources in order to make good decision on how to place your entry and exit point but together with luck it will be more successful and more profitable in the end.

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October 11, 2016, 02:44:34 PM
 #298

Im voting skill above luck all day any day. Skill is consistent and luck isn't, so skill weighs pretty heavy in trading where it's all about consistency.
Of course you need luck aswell which is why trading is so unpredictable at times though and why I don't trade so often.


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October 11, 2016, 04:06:55 PM
 #299

Im voting skill above luck all day any day. Skill is consistent and luck isn't, so skill weighs pretty heavy in trading where it's all about consistency.
Of course you need luck aswell which is why trading is so unpredictable at times though and why I don't trade so often.
Yes, both skill and luck are playing major roles for profit making in trading, but as you stated, I do not think luck is not that much important factor for the profits in trading in my perspective. Because, only with the skill we will be able to maximize the chances of getting profits from trading. So, significantly luck factor will loose its importance in trading.
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October 11, 2016, 04:18:09 PM
 #300

To be honest my girlfriend always talks about good luck and bad luck and sometimes I am being infected with it and do rely on it also. Still I believe that it is skill that will take you to the higher possible status. Luck if not believed will not exist in a human being.

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