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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 34682 times)
gabmen
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October 19, 2016, 10:18:06 AM
 #381

i will poll for both, as you need a good skill for success and if you do not lucky your skill even cannot enable you to succeed. therefore both are important for success.

Well experienced traders don't need luck to make profit. Of course, if luck can help you in getting more profits than usual in some cases, then it's of course more than welcome. But it's not something they partly depend on.

I would say that even they are going to be experienced traders already they still need to depend on luck and I would say they need both of it.

That is just like a pair of shoe you can't go on if you only have 1 shoe on your left and you don't have on the right.

So I would go for both of it.
Yes indeed luck can make us a profit in trading. But skill is also very necessary to enhance the chances of victory. We can not just rely on luck trading, as gains in trade could be made with our skills and learning and it requires a good understanding of the trade. So I strongly agree with you that both are needed.
yes i am also agree with you, that both skill and luck are important element of success, if you have a good skill and not a lucky person you cannot make success but if you are a good luck person with little skill then you can really make success, as we can see that more skillful people are working under the supervision of lucky people.
Skill without  luck would be still useless for sure because no matter how  hard you try if  luck isnt there  then for sure it would be a lose , as  you said even though  you  have  only a small  skill acompanied with  luck then for sure  you  would be  sucessful but  we should  not  fully rely on luck because  it doesnt come anytime.
combination will always be perfect i guess if we are dealing about money we won't risk anything without knowledge
so i think skills first before we wait for our luck.
Do not think of your luck because you cannot develop it, skills will give you a consistent success in trading while luck is just a temporary success. If you are serious with your venture, you should develop your skills.
skill definitely has more weight in trading but you can't count out the importance of luck as well. Even experienced traders, they may very well anticipate how the market will move but then there's no guarantee that the movement will go the way they expect, so most of the time they prepare for anything. 

 
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October 19, 2016, 02:33:42 PM
 #382

When trading What Matters More Skills or Luck?

Skills of course. Luck will just make the game easier but the main factor should always be skills. You cannot trade by just relying on luck or you are giving away your money.

luck is something that yolo investors depend on. if you're trading wherw you purely depend on the level of experience, and you're able to make profits, then you're doing the right thing where you can call yourself a decent trader. but the major part of the people here depend too much on the luck factor. one day they make profits, the next day it vanishes into hot air.
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October 20, 2016, 11:12:32 AM
 #383

When trading What Matters More Skills or Luck?

Skills of course. Luck will just make the game easier but the main factor should always be skills. You cannot trade by just relying on luck or you are giving away your money.

luck is something that yolo investors depend on. if you're trading wherw you purely depend on the level of experience, and you're able to make profits, then you're doing the right thing where you can call yourself a decent trader. but the major part of the people here depend too much on the luck factor. one day they make profits, the next day it vanishes into hot air.
it's because even you have predicted all the possibility and calculate which one is more likely to be happened,you still have the chance to miss,future is unpredictable and so does with trading

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October 20, 2016, 11:38:23 AM
 #384

When trading What Matters More Skills or Luck?

Skills of course. Luck will just make the game easier but the main factor should always be skills. You cannot trade by just relying on luck or you are giving away your money.

luck is something that yolo investors depend on. if you're trading wherw you purely depend on the level of experience, and you're able to make profits, then you're doing the right thing where you can call yourself a decent trader. but the major part of the people here depend too much on the luck factor. one day they make profits, the next day it vanishes into hot air.
it's because even you have predicted all the possibility and calculate which one is more likely to be happened,you still have the chance to miss,future is unpredictable and so does with trading
The difference is, if you have the skills and you study well you prediction are mostly right due to your chances of predicting the right outcome and it is true that you cannot be right all the time but what matters is you make profit in the end.

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October 20, 2016, 11:38:51 AM
 #385

i will poll for both, as you need a good skill for success and if you do not lucky your skill even cannot enable you to succeed. therefore both are important for success.

Well experienced traders don't need luck to make profit. Of course, if luck can help you in getting more profits than usual in some cases, then it's of course more than welcome. But it's not something they partly depend on.

I would say that even they are going to be experienced traders already they still need to depend on luck and I would say they need both of it.

That is just like a pair of shoe you can't go on if you only have 1 shoe on your left and you don't have on the right.

So I would go for both of it.
Yes indeed luck can make us a profit in trading. But skill is also very necessary to enhance the chances of victory. We can not just rely on luck trading, as gains in trade could be made with our skills and learning and it requires a good understanding of the trade. So I strongly agree with you that both are needed.
yes i am also agree with you, that both skill and luck are important element of success, if you have a good skill and not a lucky person you cannot make success but if you are a good luck person with little skill then you can really make success, as we can see that more skillful people are working under the supervision of lucky people.
Skill without  luck would be still useless for sure because no matter how  hard you try if  luck isnt there  then for sure it would be a lose , as  you said even though  you  have  only a small  skill acompanied with  luck then for sure  you  would be  sucessful but  we should  not  fully rely on luck because  it doesnt come anytime.
combination will always be perfect i guess if we are dealing about money we won't risk anything without knowledge
so i think skills first before we wait for our luck.
Do not think of your luck because you cannot develop it, skills will give you a consistent success in trading while luck is just a temporary success. If you are serious with your venture, you should develop your skills.
skill definitely has more weight in trading but you can't count out the importance of luck as well. Even experienced traders, they may very well anticipate how the market will move but then there's no guarantee that the movement will go the way they expect, so most of the time they prepare for anything. 

Yes indeed very necessary skill in trading, if someone trades without having the skills that will be in vain. But we also need luck that market prices may favor us, because prices can not be predicted with certainty in trade. Indispensable skill but luck is also required.
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October 21, 2016, 03:15:16 PM
 #386

When trading What Matters More Skills or Luck?

Skills of course. Luck will just make the game easier but the main factor should always be skills. You cannot trade by just relying on luck or you are giving away your money.

luck is something that yolo investors depend on. if you're trading wherw you purely depend on the level of experience, and you're able to make profits, then you're doing the right thing where you can call yourself a decent trader. but the major part of the people here depend too much on the luck factor. one day they make profits, the next day it vanishes into hot air.
it's because even you have predicted all the possibility and calculate which one is more likely to be happened,you still have the chance to miss,future is unpredictable and so does with trading

Of course trading(future) is unpredictable, but we still can try to predict, we can take a look at bitcoin past for example to get idea what might repeat in future
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October 21, 2016, 03:32:39 PM
 #387

When trading What Matters More Skills or Luck?

Skills of course. Luck will just make the game easier but the main factor should always be skills. You cannot trade by just relying on luck or you are giving away your money.

luck is something that yolo investors depend on. if you're trading wherw you purely depend on the level of experience, and you're able to make profits, then you're doing the right thing where you can call yourself a decent trader. but the major part of the people here depend too much on the luck factor. one day they make profits, the next day it vanishes into hot air.
it's because even you have predicted all the possibility and calculate which one is more likely to be happened,you still have the chance to miss,future is unpredictable and so does with trading

You can still miss in your prediction, that one cannot be removed in trading. But, your skills and experience can make that chance to a minimum. Meaning, you use your skills so that your trades will most likely hit than miss.  If you do not have the skills, then you are just relying on chance which is bad for trading.
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October 21, 2016, 03:48:20 PM
 #388

When trading What Matters More Skills or Luck?

Skills of course. Luck will just make the game easier but the main factor should always be skills. You cannot trade by just relying on luck or you are giving away your money.

luck is something that yolo investors depend on. if you're trading wherw you purely depend on the level of experience, and you're able to make profits, then you're doing the right thing where you can call yourself a decent trader. but the major part of the people here depend too much on the luck factor. one day they make profits, the next day it vanishes into hot air.
it's because even you have predicted all the possibility and calculate which one is more likely to be happened,you still have the chance to miss,future is unpredictable and so does with trading

You can still miss in your prediction, that one cannot be removed in trading. But, your skills and experience can make that chance to a minimum. Meaning, you use your skills so that your trades will most likely hit than miss.  If you do not have the skills, then you are just relying on chance which is bad for trading.

He is right. The percentage of making it possible to win the trade becomes bigger with skills. That luck will just be there and will add up to the skill that you already provided.

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October 21, 2016, 03:58:41 PM
 #389

I have voted for skills because if luck was the only factor in trading then any body could start to do trading.But later i realised that luck is important as well,but skill is most important and if someone is lucky with it then it will be a bonus,but skills and experience also is the most important.
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October 22, 2016, 02:18:56 PM
 #390

Both skill and luck have their roles in trading, but luck don't just happen as far as trading is concerned, like they say, fortune smiles at the prepared. A better way of putting it, is that skillful traders create their own luck, while an unskillful trader might  be luck one time or the other, but since there's no enough skill to sustain their luck, they sooner than later hand over everything to the market. So relying on luck alone in trading is the grand recipe to stay broke.
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October 22, 2016, 04:35:32 PM
 #391

When trading What Matters More Skills or Luck?

Skills of course. Luck will just make the game easier but the main factor should always be skills. You cannot trade by just relying on luck or you are giving away your money.

luck is something that yolo investors depend on. if you're trading wherw you purely depend on the level of experience, and you're able to make profits, then you're doing the right thing where you can call yourself a decent trader. but the major part of the people here depend too much on the luck factor. one day they make profits, the next day it vanishes into hot air.
it's because even you have predicted all the possibility and calculate which one is more likely to be happened,you still have the chance to miss,future is unpredictable and so does with trading

Of course trading(future) is unpredictable, but we still can try to predict, we can take a look at bitcoin past for example to get idea what might repeat in future

As in any investment, past performance does not guarantee future performance. The same with bitcoin. It does not mean if it happens in the past, it will happen again. You should be looking for trends and not on the past.history of bitcoin.
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October 22, 2016, 05:16:31 PM
 #392

Both skill and luck have their roles in trading, but luck don't just happen as far as trading is concerned, like they say, fortune smiles at the prepared. A better way of putting it, is that skillful traders create their own luck, while an unskillful trader might  be luck one time or the other, but since there's no enough skill to sustain their luck, they sooner than later hand over everything to the market. So relying on luck alone in trading is the grand recipe to stay broke.

Overall, luck needs when you do gamble, gambling depends fully on luck and on trading you need skills.Though little bit of luck need on trading also but that doesn't matter much.So, luck and skills both needed on the different situation.
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October 22, 2016, 06:08:51 PM
 #393

I’m a fan of skill, not only in trading but in anything and the reason for me to prefer it over luck is simple, I cannot control luck at all, sometimes I will be lucky and sometimes I will be unlucky, but with training and study my skills will always be with  me.

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October 26, 2016, 03:13:39 PM
 #394

it's because even you have predicted all the possibility and calculate which one is more likely to be happened,you still have the chance to miss,future is unpredictable and so does with trading
Well under certain market conditions, it might be possible to predict what the market is about, but because the market is influenced by so many forces, sometimes the predictions miss the mark, but then that's where the advantage for being a skillful trader is needed most, for effective management of trades that went against us or to simply manage losses.
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October 26, 2016, 03:28:51 PM
 #395

For me the luck factor is the most important. I could have made not a single pence if the Ethereum pump did not occured. And that's what I call luck.
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October 26, 2016, 04:09:50 PM
 #396

Both, skills and luck are necessary but I think that you need about 90% skill and 10% luck you need to be able to see and analyze the market precisely but you also need that goes your way especially when you are beginning with your trading career.

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October 26, 2016, 04:42:09 PM
 #397

Both, skills and luck are necessary but I think that you need about 90% skill and 10% luck you need to be able to see and analyze the market precisely but you also need that goes your way especially when you are beginning with your trading career.
It of course depends on what level of trader you are. If you're a whale sized trader, then you have the ability to manipulate the price into a certain direction.

If you're just an average trader, then some luck can come quite handy from time to time.

But the main aspect of trading should at all times rely on your trading abilities, and not on luck which you may or may not have. It's that simple.

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October 27, 2016, 01:06:10 AM
 #398

For me the luck factor is the most important. I could have made not a single pence if the Ethereum pump did not occured. And that's what I call luck.

Well one factor is not enough and it requires both of it. And in trading, it really requires both skills and luck because if you don't have skills and you are just going to hope for your luck then you won't know when your luck will come to you and vice versa. So it is better if you are going to hope for both and also add timing for it.

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October 27, 2016, 01:47:12 AM
 #399

I believe only in luck because overnight so many things happen when you are a sleep.its your luck what situation you will face in the morning
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October 27, 2016, 01:56:04 AM
 #400

I believe only in luck because overnight so many things happen when you are a sleep.its your luck what situation you will face in the morning
It's a different thing mate, when you are sleeping you are expected to wake up in the morning unless their a danger in your place that you may die anytime. We are talking here on the specific gamble which is trading, and we believe that what is more important is the skill and if we are lucky then that is just like a bonus.

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