Skills vs Luck *poll*

[ged00u]

Both of these two factors are required in trading. However, Skills are more necessary which helps people to earn a stable income. You can not always depend on your luck because luck only appears about 1% in your whole trading career. And it will be much effective if you can combine both luck and skills. This will make you totally a master in trading and you will soon be rich. So that's it, you need to learn and study more to gain more knowledge and start trading now to get more experience and skills

[1715312057]

1715312057

[deisik]

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.

As the saying goes, if you have luck by your side, you don't need brains

It seems that the main issue with arguments of this kind (i.e. luck vs skill) is the artificial division between luck and skill. Such division maybe useful for theoretical discussion, but it can be, and most likely is, highly detrimental in real life. When people start questioning themselves what is more important, luck or skill, they inevitably take one side and take it to the extreme

So people who strongly believe in luck start massively relying on it, since they are typically more lucky on average than the rest of humanity (otherwise, they wouldn't have chosen the luck side in the first place). But when luck finally goes away, which is inevitable, they either don't have skills or simply don't know how to rely on skills alone without a bit of luck by their side. On the other hand, people who choose the skills side, might decide to not believe in luck altogether. And when luck gives them a chance, they stubbornly ignore it because they feel surprised, don't know what to do and eventually end up missing the opportunity

[hawkins]

skill without any luck will be very difficult to win, and good luck with no skill, you're better off gambling. Well, in trading, it takes two things to be able to get profit. skill and luck are two important things you must pay attention and you keep, so that you can make a lot of money and not lose in trading

[MarketMagic]

Good services are out there if you look for them and can be useful.Here are some good free or donate trading tips for bitcoin v usd pair.

https://coins.newbium.com/post/4408-bitcoin-v-usd-market-signal-for-saturday-november

[Maslate]

skill without any luck will be very difficult to win, and good luck with no skill, you're better off gambling. Well, in trading, it takes two things to be able to get profit. skill and luck are two important things you must pay attention and you keep, so that you can make a lot of money and not lose in trading

We are not talking of gambling here, it's a trading discussing section so we it does not have any relevance. Gambling is more risky compared to trading because your skills in gambling might not work in the long run but if you have skills in trading it will give you success of making money here.

[sabbirshm]

skill without any luck will be very difficult to win, and good luck with no skill, you're better off gambling. Well, in trading, it takes two things to be able to get profit. skill and luck are two important things you must pay attention and you keep, so that you can make a lot of money and not lose in trading

We are not talking of gambling here, it's a trading discussing section so we it does not have any relevance. Gambling is more risky compared to trading because your skills in gambling might not work in the long run but if you have skills in trading it will give you success of making money here.

If we talk about trading then its mostly depends on skills like experience,market knowledge.And luck doesn't matter heavily. But gambling is like mirror of trading cause it's need mostly luck,skill won't help you lot.So, overall I want both skills and luck to become successful.

[katrimans]

skill without any luck will be very difficult to win, and good luck with no skill, you're better off gambling. Well, in trading, it takes two things to be able to get profit. skill and luck are two important things you must pay attention and you keep, so that you can make a lot of money and not lose in trading

Yes, luck is only considered the best in gambling to earn money but when you talk of other aspects of cryptocurrency  trading, then skills will have to come first followed by luck which is also good. But in every action we perform, we need both skills and luck to achieve the best results. Without luck, I have experienced failure even I believe I have skills.

[BitHodler]

skill without any luck will be very difficult to win, and good luck with no skill, you're better off gambling. Well, in trading, it takes two things to be able to get profit. skill and luck are two important things you must pay attention and you keep, so that you can make a lot of money and not lose in trading

Yes, luck is only considered the best in gambling to earn money but when you talk of other aspects of cryptocurrency  trading, then skills will have to come first followed by luck which is also good. But in every action we perform, we need both skills and luck to achieve the best results. Without luck, I have experienced failure even I believe I have skills.

Luck can offer a helping hand in some cases, but that's about it. If I look at myself in times I am trading with volatility, then the experience helps me to make final decisions.

There are cases when some sort of luck is wanted when I make a wrong trade for example, but as I said, it's luck.

Some times the luck is indeed offering me a helping hand, but when I don't have luck, it also puts me with my nose on the fact that I made a bad trade with a small loss as result.

It's all part of the game. You have to accept that you some times end up making bad trades resulting in a small loss. The key is to look at what you did wrong, and move forward.

[markyminer]

Both of these two factors are required in trading. However, Skills are more necessary which helps people to earn a stable income. You can not always depend on your luck because luck only appears about 1% in your whole trading career. And it will be much effective if you can combine both luck and skills. This will make you totally a master in trading and you will soon be rich. So that's it, you need to learn and study more to gain more knowledge and start trading now to get more experience and skills

yes i am also agree with you that both these tools are important for success, if you really want to become successful in trading you must be a luck person and you must also have good skill and some experience in relevant field.

[sunsilk]

skill without any luck will be very difficult to win, and good luck with no skill, you're better off gambling. Well, in trading, it takes two things to be able to get profit. skill and luck are two important things you must pay attention and you keep, so that you can make a lot of money and not lose in trading

That is why I'm always depending also with luck but it is going to be the best if you are going to refer both of it.

If you are a very skilled person and you have a lot of talent then you will not going to have a very big problem and you believe in luck.

But if you have them and you think you are good enough and don't rely with luck for you believe luck is just coming by

Then that will be a problem.

[Zadicar]

Both things  are  important when you do  trading  because skills  is also  important  in able to execute trade  because  if you dont have  any  knowledge and skills  about trading  your  move  would  be useless and also  luck  will just  supply a little bit  because   if youre  lucky  enough  to  open an order on a good entry  point  and you do exit on the right  time then  youre  lucky enough because  its a guarantee profits for you.

[el kaka22]

Both things  are  important when you do  trading  because skills  is also  important  in able to execute trade  because  if you dont have  any  knowledge and skills  about trading  your  move  would  be useless and also  luck  will just  supply a little bit  because   if youre  lucky  enough  to  open an order on a good entry  point  and you do exit on the right  time then  youre  lucky enough because  its a guarantee profits for you.

But a skilled trader, does not need to rely on his luck to enter and to exit trades at right times.
Just his skills will help him to do so. In other words, skills will maximize the chances of being lucky. Knowledge and skills are the keys for a successful trading even luck has some minor role along with those keys.

[mirakal]

Both things  are  important when you do  trading  because skills  is also  important  in able to execute trade  because  if you dont have  any  knowledge and skills  about trading  your  move  would  be useless and also  luck  will just  supply a little bit  because   if youre  lucky  enough  to  open an order on a good entry  point  and you do exit on the right  time then  youre  lucky enough because  its a guarantee profits for you.

But a skilled trader, does not need to rely on his luck to enter and to exit trades at right times.
Just his skills will help him to do so. In other words, skills will maximize the chances of being lucky. Knowledge and skills are the keys for a successful trading even luck has some minor role along with those keys.

Even me if I am skilled enough, I would not rely on luck what I need in trading is consistency and I believe only in being skillful will you can achieve that consistency, if I am lucky and skillful at the same time then that's a gift I should thank of as I will be making money regularly.

[bitllionaire]

When trading What Matters More Skills or Luck?

Since we can't manage the market price then I can say that luck > skills.
To earn a good profit while trading needs skills of course because you should research about what you are trading but the luck is more important. I traded doge a lot in the past and the luck made me earn more and once bankrupt all my earnings.

yes i am also agree with  you, to me luck is the kind of all kind of trading and investment, to me people are not earning because of their skill, education or experience, but to me their luck make them enable to make  money, it is my personal experience that i have seen so many people who are really making good money but they are uneducated having  no skill or experience and some more educated and skillful people are working for them. so luck is the most important thing in all kind of trading and investment.

[Zadicar]

Both things  are  important when you do  trading  because skills  is also  important  in able to execute trade  because  if you dont have  any  knowledge and skills  about trading  your  move  would  be useless and also  luck  will just  supply a little bit  because   if youre  lucky  enough  to  open an order on a good entry  point  and you do exit on the right  time then  youre  lucky enough because  its a guarantee profits for you.

But a skilled trader, does not need to rely on his luck to enter and to exit trades at right times.
Just his skills will help him to do so. In other words, skills will maximize the chances of being lucky. Knowledge and skills are the keys for a successful trading even luck has some minor role along with those keys.

You  have  a  point though  skills would  really  matter  on trading  but still  luck  had  some roles  on it to have a  successful trade.  Knowledge and   skills  would   really be the  important thing to  sustain and  make   good trades and  as we all  know though that   learning trading isnt easy  at all because  it would really  takes  time   to learn  it.

[LuanX3]

In my opinion, the more skill and effort you put into your craft the more lucky you get. Luck is a matter of generating opportunities to get lucky. So if you don't have enough skill most probably you will think you are unlucky. But being more skillful and you get to earn plenty of money from that skill, then people will say you are lucky.

[bitcoinisbest]

Skill is certainly required to identify the opportunity and then you require a luck to make that work in your favor. Because not always thing go the way as it is required sometime luck is what make the things change the course of its direction.

[RealPhotoshoper]

Both things  are  important when you do  trading  because skills  is also  important  in able to execute trade  because  if you dont have  any  knowledge and skills  about trading  your  move  would  be useless and also  luck  will just  supply a little bit  because   if youre  lucky  enough  to  open an order on a good entry  point  and you do exit on the right  time then  youre  lucky enough because  its a guarantee profits for you.

But a skilled trader, does not need to rely on his luck to enter and to exit trades at right times.
Just his skills will help him to do so. In other words, skills will maximize the chances of being lucky. Knowledge and skills are the keys for a successful trading even luck has some minor role along with those keys.

i think even a trader with thousands years experience and tons of skills still need some luck.
in my opinion both are interrelated and interdependent.
but yeaa i agree with your opinion overall as skills could maximize the chance to win and luck complete it all.

[Positid]

Both things  are  important when you do  trading  because skills  is also  important  in able to execute trade  because  if you dont have  any  knowledge and skills  about trading  your  move  would  be useless and also  luck  will just  supply a little bit  because   if youre  lucky  enough  to  open an order on a good entry  point  and you do exit on the right  time then  youre  lucky enough because  its a guarantee profits for you.

But a skilled trader, does not need to rely on his luck to enter and to exit trades at right times.
Just his skills will help him to do so. In other words, skills will maximize the chances of being lucky. Knowledge and skills are the keys for a successful trading even luck has some minor role along with those keys.

i think even a trader with thousands years experience and tons of skills still need some luck.
in my opinion both are interrelated and interdependent.
but yeaa i agree with your opinion overall as skills could maximize the chance to win and luck complete it all.

We need luck of course that why even successful business pray to God to give them more blessing and that luck is our blessing. Our skills is a gift to us but we cannot just rely on it for the rest of our life as it could not be effective in the future. Having luck and skills will give you more chance to succeed.

[StarofBTC]

We need luck of course that why even successful business pray to God to give them more blessing and that luck is our blessing. Our skills is a gift to us but we cannot just rely on it for the rest of our life as it could not be effective in the future. Having luck and skills will give you more chance to succeed.

If we believe into luck is due to God's touch, then there will be no possibility of successful trade without that.
At the same time simply believing in to God will not help anyone. But, having both will give us assured profit from trading but having luck all the time is not possible and it is not within our control.