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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 34680 times)
marcuslong
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November 10, 2016, 11:25:50 PM
 #461

When trading What Matters More Skills or Luck?
We need them both somehow in trading it depends if theres an investor or sponsor you will make some pumling in coin you'll gonna do is to wait till that coin will pump and wait for the profit.
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November 11, 2016, 03:07:30 AM
 #462

When trading What Matters More Skills or Luck?
We need them both somehow in trading it depends if theres an investor or sponsor you will make some pumling in coin you'll gonna do is to wait till that coin will pump and wait for the profit.
I needs skills more than luck, I cannot master my luck but my skills for sure I can develop it. We are all entitled for our own luck as we are created by God, so focus on developing our skills and we can do that by educating ourselves in trading. There's information everywhere, we just need to find it out.

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November 11, 2016, 04:27:31 AM
 #463

When trading What Matters More Skills or Luck?
We need them both somehow in trading it depends if theres an investor or sponsor you will make some pumling in coin you'll gonna do is to wait till that coin will pump and wait for the profit.
I needs skills more than luck, I cannot master my luck but my skills for sure I can develop it. We are all entitled for our own luck as we are created by God, so focus on developing our skills and we can do that by educating ourselves in trading. There's information everywhere, we just need to find it out.
It is very true for finding out the right time and the right levels for trading, we just need skill.
With developing required skills, we will get all the chances to be shining with our trading. With your skill you will get chances to make profits 99% still maybe if you do have luck favored you, would have avoided the remaining 1% too.
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November 11, 2016, 04:59:55 AM
 #464

When trading What Matters More Skills or Luck?
We need them both somehow in trading it depends if theres an investor or sponsor you will make some pumling in coin you'll gonna do is to wait till that coin will pump and wait for the profit.
I needs skills more than luck, I cannot master my luck but my skills for sure I can develop it. We are all entitled for our own luck as we are created by God, so focus on developing our skills and we can do that by educating ourselves in trading. There's information everywhere, we just need to find it out.
It is very true for finding out the right time and the right levels for trading, we just need skill.
With developing required skills, we will get all the chances to be shining with our trading. With your skill you will get chances to make profits 99% still maybe if you do have luck favored you, would have avoided the remaining 1% too.
You can learn your skills as you are the one who manage yourself. That's important in trading for your to be successful, do not just rely on your luck as that is the job of the lazy people, you can see that they will not succeed in the long run for sure.

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November 11, 2016, 05:12:55 AM
 #465

When trading What Matters More Skills or Luck?
We need them both somehow in trading it depends if theres an investor or sponsor you will make some pumling in coin you'll gonna do is to wait till that coin will pump and wait for the profit.
I needs skills more than luck, I cannot master my luck but my skills for sure I can develop it. We are all entitled for our own luck as we are created by God, so focus on developing our skills and we can do that by educating ourselves in trading. There's information everywhere, we just need to find it out.
It is very true for finding out the right time and the right levels for trading, we just need skill.
With developing required skills, we will get all the chances to be shining with our trading. With your skill you will get chances to make profits 99% still maybe if you do have luck favored you, would have avoided the remaining 1% too.
You can learn your skills as you are the one who manage yourself. That's important in trading for your to be successful, do not just rely on your luck as that is the job of the lazy people, you can see that they will not succeed in the long run for sure.

you must never rely on your luck but that doesn't mean you don't need luck to be successful. this may sound a bit strange but i believe that you need luck in all your life and in everything that you do. trading is only one the many things.

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November 11, 2016, 05:58:30 AM
 #466

When trading What Matters More Skills or Luck?
We need them both somehow in trading it depends if theres an investor or sponsor you will make some pumling in coin you'll gonna do is to wait till that coin will pump and wait for the profit.
I needs skills more than luck, I cannot master my luck but my skills for sure I can develop it. We are all entitled for our own luck as we are created by God, so focus on developing our skills and we can do that by educating ourselves in trading. There's information everywhere, we just need to find it out.
It is very true for finding out the right time and the right levels for trading, we just need skill.
With developing required skills, we will get all the chances to be shining with our trading. With your skill you will get chances to make profits 99% still maybe if you do have luck favored you, would have avoided the remaining 1% too.
You can learn your skills as you are the one who manage yourself. That's important in trading for your to be successful, do not just rely on your luck as that is the job of the lazy people, you can see that they will not succeed in the long run for sure.

you must never rely on your luck but that doesn't mean you don't need luck to be successful. this may sound a bit strange but i believe that you need luck in all your life and in everything that you do. trading is only one the many things.
Who would in clear mind would rely on his luck in trading, that's a complete gambling and you will never grow on that as a trader. Most of the successful trader relies solely on their skills, hence they were able to make profit in a consistent way.

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November 11, 2016, 07:14:41 AM
 #467

When trading What Matters More Skills or Luck?
We need them both somehow in trading it depends if theres an investor or sponsor you will make some pumling in coin you'll gonna do is to wait till that coin will pump and wait for the profit.
I needs skills more than luck, I cannot master my luck but my skills for sure I can develop it. We are all entitled for our own luck as we are created by God, so focus on developing our skills and we can do that by educating ourselves in trading. There's information everywhere, we just need to find it out.
It is very true for finding out the right time and the right levels for trading, we just need skill.
With developing required skills, we will get all the chances to be shining with our trading. With your skill you will get chances to make profits 99% still maybe if you do have luck favored you, would have avoided the remaining 1% too.
You can learn your skills as you are the one who manage yourself. That's important in trading for your to be successful, do not just rely on your luck as that is the job of the lazy people, you can see that they will not succeed in the long run for sure.

you must never rely on your luck but that doesn't mean you don't need luck to be successful. this may sound a bit strange but i believe that you need luck in all your life and in everything that you do. trading is only one the many things.
You need luck for everything you do in your life.
Atleast you need to have a normal luck,because having a bad luck can make you fail in anything you do in your life,even if you are a skillfull person you can still be unsucssfull if you luck is preventing you from using your skills.
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November 11, 2016, 08:51:44 AM
 #468



you must never rely on your luck but that doesn't mean you don't need luck to be successful. this may sound a bit strange but i believe that you need luck in all your life and in everything that you do. trading is only one the many things.
definitely,just relying on luck will bring to lose as people sometimes have a good luck and in other days have a bad luck,and luckyness is indeed an important factor that will decide how's your future,as i've seen so many celebrities whose brain is dumb getting popular and earn much money by selling their stupidity and that's the proof how important luckyness is

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November 11, 2016, 09:22:17 AM
 #469

Both for me, but Skill is a little more important than luck. Because in trading you have to think how you can get a big money.
but in my opinion luck is more important than skill,if you have luck but don't have skill you can still keeping up trading because you have the luck and maybe every after buying you will see the price is rising and you get profit whilst with skill it's uncertain

As quoted luck plays an big role in profiting, though the person doesn't have much skills. At the same luck won't give a constant earning, because every time luck won't stay with certain persons. Skill is not like that, we can make strategies and move on to get a constant earning. I believe that the person with skills is always lucky.

Yes indeed, luck is the basis for profit. Even so skills are also indispensable in trade. Because if we use trade only rely on luck it will not be profitable, so it is very necessary skills. With the skill we can increase the chances of luck.

the only reason why people around here use the word luck for trading around here is because sometimes prices don't move with any logic and mostly in altcoin prices they are moving based on pump and dumps and no reason whatsoever.

you will never hear a forex trader or a stocks broker say trading is luck!!!
you only hear it here because it is full of newbie traders with no knowledge of trading at all.
Yes stockbroker was 100% on the skill to understand the market price and not the use of luck there. Actual trading is not like gambling, which rely on luck, the trade is very dependent on the skill of each person in order to gain an advantage. The greater the skill we will increase our luck to succeed in trading. Yes maybe both are indispensable.
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November 11, 2016, 09:22:37 AM
 #470

When trading What Matters More Skills or Luck?
We need them both somehow in trading it depends if theres an investor or sponsor you will make some pumling in coin you'll gonna do is to wait till that coin will pump and wait for the profit.

For well experienced traders luck isn't needed. These traders rely on the years of experience that they have been building up. Even if they do end up making a few bad trades, the profit that they have made before that is sufficient enough to catch up any potential losses. Luck is a factor that may bring you an extra profit where you didn't expected it to happen. See it as a bonus. This is regarding Bitcoin trading and not altcoin trading.

If you're talking about altcoin trading, then the luck factor will be the desicional factor. But then again, I consider altcoin investments to fit in the same category as gambling. It has barely anything to do with actual investing/trading. If you jump into altcoin trading, then you must accept the risk of possibly seeing the value of your coins go down by a lot in just a single day.
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November 11, 2016, 10:21:27 AM
 #471



you must never rely on your luck but that doesn't mean you don't need luck to be successful. this may sound a bit strange but i believe that you need luck in all your life and in everything that you do. trading is only one the many things.
definitely,just relying on luck will bring to lose as people sometimes have a good luck and in other days have a bad luck,and luckyness is indeed an important factor that will decide how's your future,as i've seen so many celebrities whose brain is dumb getting popular and earn much money by selling their stupidity and that's the proof how important luckyness is

I'm sorry but I'm totally disagree with you guys for luck is the most important thing if everything. Whether you gamble or trade, you will still hope that luck will be always with you. In trading, we know that skill is a must but still you will still need to cope up with luck. And luck will mostly applicable in gambling even you are not skilled person.

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November 11, 2016, 02:06:20 PM
 #472

I can't choose one but for me its both skills and luck are needed
for example when you gamble its a key to earn profit. When we
invest our money it requires luck and skills so that it will lead
to success. Last, skills and luck are needed like in gambling
and in trading to earn profit.
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November 11, 2016, 02:08:59 PM
 #473

I think it's both skills and luck because if you have those two it will be easy for you to earn money. It's bad if you are just relying on luck and just doing some random pick for the coin to just find the right coin.
please, I am not trying to start an argument just offering my opinion(as your posts are your opinions). If you are like most trader on this forum who are trading based on TA and other methods that have no real edge(exploiting ineffciency), then where is your edge created? Certainly not in your entries which you have no control over. So what do you have control over then? When you exit that position, how you handle a position once it is moving? I know for price action traders, this is the hardest part. Inside the james 16 pf, those that succeed with pa are those that have clear cut rules for their exits(sure our entries are important)
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November 11, 2016, 02:45:02 PM
 #474

I can't choose one but for me its both skills and luck are needed
for example when you gamble its a key to earn profit. When we
invest our money it requires luck and skills so that it will lead
to success. Last, skills and luck are needed like in gambling
and in trading to earn profit.

There are people who does not believe in luck, me included,  so basically ill go for skill because with skill there is more chance of a person booking a profit than the person who does not have a skill.  If ever one is trading the probability rolls and as a result is the chance of that item to go up or go down in price. 

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November 12, 2016, 02:13:33 AM
 #475

I can't choose one but for me its both skills and luck are needed
for example when you gamble its a key to earn profit. When we
invest our money it requires luck and skills so that it will lead
to success. Last, skills and luck are needed like in gambling
and in trading to earn profit.

There are people who does not believe in luck, me included,  so basically ill go for skill because with skill there is more chance of a person booking a profit than the person who does not have a skill.  If ever one is trading the probability rolls and as a result is the chance of that item to go up or go down in price. 

I think both skills & luck needed for better result.In gambling, winning depends on your luck only(exclude sports betting).You can't win with your skill only.On the other hand,In trading you need mostly skills like experience, proper knowledge etc but luck doesn't matter on this.So,for a better result or profit we need both skills and luck.
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November 12, 2016, 02:28:27 AM
 #476

When trading What Matters More Skills or Luck?
Here both of them works simultaneously . because luck gives us Profit speedly but skill gives us Profit from long term investment for particular altcoin .
So we can say both of them are joined indirectly to get profit in trading .
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November 12, 2016, 04:42:51 AM
 #477

When trading What Matters More Skills or Luck?
We need them both somehow in trading it depends if theres an investor or sponsor you will make some pumling in coin you'll gonna do is to wait till that coin will pump and wait for the profit.
I needs skills more than luck, I cannot master my luck but my skills for sure I can develop it. We are all entitled for our own luck as we are created by God, so focus on developing our skills and we can do that by educating ourselves in trading. There's information everywhere, we just need to find it out.
but to me luck is more important than luck, without luck you cannot make any success, although skill is a also helpful in making you succeed, but to me luck carry primary importance in the your success.

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November 12, 2016, 05:47:20 AM
 #478

When trading What Matters More Skills or Luck?
We need them both somehow in trading it depends if theres an investor or sponsor you will make some pumling in coin you'll gonna do is to wait till that coin will pump and wait for the profit.
I needs skills more than luck, I cannot master my luck but my skills for sure I can develop it. We are all entitled for our own luck as we are created by God, so focus on developing our skills and we can do that by educating ourselves in trading. There's information everywhere, we just need to find it out.
but to me luck is more important than luck, without luck you cannot make any success, although skill is a also helpful in making you succeed, but to me luck carry primary importance in the your success.
Well, give me luck then. I know we can't have that luck you are talking forever. It's like a thief in the night and will strike anytime but w do not rely on that as we have gifts which is our skills and we have to develop that for the future possible income.

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November 12, 2016, 10:36:23 AM
 #479

When trading What Matters More Skills or Luck?
Here both of them works simultaneously . because luck gives us Profit speedly but skill gives us Profit from long term investment for particular altcoin .
So we can say both of them are joined indirectly to get profit in trading .
You mean to say luck works for sudden profits and skill may get us profits in long run?
I agree those as luck and skill together working means a trader will get more chances to gain quick and huge profits from his every trade.

A professional trader will maximize his profits through skill, but naive traders expect luck moments to do so even he has skills. When both skill and luck together works, one will become more successful in his trading for sure.

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November 12, 2016, 11:44:02 AM
 #480

but to me luck is more important than luck,

I assume it's just a typing error, and you actually meant to say that according to you luck is more important than skills?

without luck you cannot make any success, although skill is a also helpful in making you succeed

Luck can be helpful when investing in certain aspects of a market, but it's never something you should fully depend on, unless you're a gambler/high risk taker. High risks means high potential earnings, but also high risk of ending up with massive losses. It's not something to look forward to when you look to increase your wealth for the long term.

but to me luck carry primary importance in the your success.

If you see luck as the main principle of having success, then your investment/trading style has more similarities with gambling rather than well thought out investment/trading strategies. It's way too dangerous to depend on luck as it may very well end up in a disaster for you. If you are playing with serious amounts of money, you'll either become very rich, or end up poor if you really continue this behaviour.
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