Skills vs Luck *poll*

[sportis]

      Trading with cryptocurrencies is the same as in shares and fiat money exchange. Does anyone know a successful  trader without skills like as sharp mind, insight, everyday hard work good information and creative stress? Now, if a skillful trader sometimes is lucky then certainly be welcome. But only fortune in a competitive market is not suffice.

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[rizkyhiw]

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.

yeah i agree , with luck only i think people could not do much in reaching profit
but with skills only you still have to get profit even not steady
and now imagine once you have both luck and skills used, what would happened?
of course the perfect situation that everyone needed, but if i should choose one, i think to have skills more important.

[raven7886]

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.

The beauty of luck is it is completely beyond our control, that is the reason people are worshiping it. At the same time, skill is fully within our control still people are not giving full respect to it.
In my opinion, skill is alone more than enough to have better luck. We do not just need luck to have opportunities, we can create opportunities with our skill. I believe I can be luck if I am having right skills.

[deisik]

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.

The beauty of luck is it is completely beyond our control, that is the reason people are worshiping it. At the same time, skill is fully within our control still people are not giving full respect to it

I tend to disagree that luck it totally beyond our control. If you visit no places at no times altogether, your chances of turning up in the right place at the right time are pretty close to zero, anyway you look at it. On the other hand, you could actually work up your chances of encountering luck, and sooner or later you will meet Ms. Fortune. In other words, fortune favors the brave. Indeed, if you do nothing, you will get nothing in return...

Ironically, what you might consider as smile of fortune, other people may routinely get simply because they are more skillful

[hurain]

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.

yeah i agree , with luck only i think people could not do much in reaching profit
but with skills only you still have to get profit even not steady
and now imagine once you have both luck and skills used, what would happened?
of course the perfect situation that everyone needed, but if i should choose one, i think to have skills more important.

to me the most important thing in trading as well as in gambling is luck if you are a lucky person you do not need any skill or experience as we have very clear examples from our daily life that most intelligent and experience people are working under the supervision of lucky people who have no skill and education or any experience. 

[1Referee]

to me the most important thing in trading as well as in gambling is luck if you are a lucky person you do not need any skill or experience as we have very clear examples from our daily life that most intelligent and experience people are working under the supervision of lucky people who have no skill and education or any experience. 

If you think trading is comparable with gambling when it comes to the luck aspect, then what's the point of trading for you when you can simply do gambling where you instantly know when you win or lose? In that regard trading will not be anything other than a slow process... Luck is definitely an aspect of trading, but the major factors are the skills and experience that you have been building up. If you think this isn't the case, then it says a lot about your level of understanding of what trading really is.

[deisik]

to me the most important thing in trading as well as in gambling is luck if you are a lucky person you do not need any skill or experience as we have very clear examples from our daily life that most intelligent and experience people are working under the supervision of lucky people who have no skill and education or any experience. 

If you think trading is comparable with gambling when it comes to the luck aspect, then what's the point of trading for you when you can simply do gambling where you instantly know when you win or lose? In that regard trading will not be anything other than a slow process...

You obviously forget to mention the house edge

But that's not the only difference between gambling and trading in respect to luck. What is more important, luck in trading is of absolutely different nature than in gambling. In gambling, it is pure pristine luck, and unless you hack the system or find a flaw in it, it will be the same pure luck every time you roll the dice. The luck in trading is totally different and negatively correlates with your trading skills. That means that what you gain by luck, someone else might get by skill, which is impossible in gambling. Alternately stated, in gambling luck is objective while in trading it is subjective. See the difference?

[1Referee]

to me the most important thing in trading as well as in gambling is luck if you are a lucky person you do not need any skill or experience as we have very clear examples from our daily life that most intelligent and experience people are working under the supervision of lucky people who have no skill and education or any experience. 

If you think trading is comparable with gambling when it comes to the luck aspect, then what's the point of trading for you when you can simply do gambling where you instantly know when you win or lose? In that regard trading will not be anything other than a slow process...

You obviously forget to mention about the house edge

Further, luck in trading is of absolutely different nature than in gambling. In gambling, it is pure pristine luck, and unless you hack the system or find a flaw in it, it will be the same pure luck every time you roll the dice. The luck in trading is totally different and negatively correlates with your trading skills. That means that what you gain by luck, someone else might get by skill, which is impossible in gambling. See the difference?

House edge doesn't matter all that much since the house nearly always wins in the long run. And the same goes up for people treating trading as it is like gambling. They lose. These people are the exact type that just yolo buy at certain price levels in the hope they see the price go up significantly. These people either end up selling their coins in panic, or just sell at a loss to hop over to a different coin hoping to get what they are looking for right there. That's what I am talking about. People with a yolo attitude. Whether it's with gambling or with trading, they lose. With gambling however, they know much sooner what the results of their actions are.

[deisik]

House edge doesn't matter all that much since the house nearly always wins in the long run

The house wins in the end exclusively because of the house edge. If there were no house edge and the outcomes were truly random, it would be 50/50, i.e. no one wins and no one loses on a long enough timeframe. Since that would be pure luck in action

And the same goes up for people treating trading as it is like gambling. They lose. These people are the exact type that just yolo buy at certain price levels in the hope they see the price go up significantly. These people either end up selling their coins in panic, or just sell at a loss to hop over to a different coin hoping to get what they are looking for right there. That's what I am talking about. People with a yolo attitude. Whether it's with gambling or with trading, they lose. With gambling however, they know much sooner what the results of their actions are.

As you know, if you have luck by your side, you don't need brains

Note that this saying is not my invention. It is in fact a profound wisdom in and of itself. Luck is a term which essentially reflects the fundamental skewness of randomness in this world. Counterintuitively, true randomness, mathematically, is far from a uniform distribution:



The image on the left is a truly random distribution while the image on the right shows the distribution of glowworms competing for food, which are nudging themselves away from each other, toward a more uniform distribution. The point is that your chances of living your whole life in one of the empty spaces on the left image are higher than on the right, metaphorically speaking, despite the fact that the distribution on that image is truly random. The practical inference is that some people can be substantially more lucky than the rest of the gang, while some other people can be substantially less lucky than the rest of the same gang. That's why luck matters

[sakinaka]

Luck does it all. If you win by skill, you won't earn that much. Luck can at the inverse make you rich overnight.

[Omega Weapon]

Both luck and skills are very important without skill you cannot make money consistently, without luck  you can get ruined almost immediately by having the market moving completely against you.

[stomachgrowls]

Both luck and skills are very important without skill you cannot make money consistently, without luck  you can get ruined almost immediately by having the market moving completely against you.

I agree with you   both are really  needed  to be  profitable  on  trading   because  if you  fully  rely on luck  without  any skills  you cant  able  to make profits hence you dont know what to do  to  utilize the  luck do you have,  the same story  on  having  skills without  luck because   no matter  how  you trade  well if  luck  isnt on your side it would be useless.

[cakravothy]

When trading What Matters More Skills or Luck?

trading must have skill if you want constant profit
trading not gambling, if gambling only lucky, but if sport betting must have skill too
if you only hope lucky in trading, maybe you never profit , always lost

[goldcoinminer]

When trading What Matters More Skills or Luck?

trading must have skill if you want constant profit
trading not gambling, if gambling only lucky, but if sport betting must have skill too
if you only hope lucky in trading, maybe you never profit , always lost

Not always lose but in the long run you will lose, it's the same outcome whether you are in gambling and trading if you do not have the skills to continue your journey, you will end up easy without skills.

[dothebeats]

For me, both factors matter in trading however, most of the time, a lucky person shines far greater than a skillful person because a skilled person might know what he's doing but if he's not in the right moment then he would not make much money. But in the long run, I would say that skills matter the most since you will be able to make more money even if you are not on the right moment.

[carlerha]

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.

yeah i agree , with luck only i think people could not do much in reaching profit
but with skills only you still have to get profit even not steady
and now imagine once you have both luck and skills used, what would happened?
of course the perfect situation that everyone needed, but if i should choose one, i think to have skills more important.

to me the most important thing in trading as well as in gambling is luck if you are a lucky person you do not need any skill or experience as we have very clear examples from our daily life that most intelligent and experience people are working under the supervision of lucky people who have no skill and education or any experience. 

yes no doubt about this that luck is one of the most important factor of success both in gambling as well as in trading, but if you have some skill and experience then it can also give you some benefit in trading as well as in gambling.

[richmcrich]

For me, both factors matter in trading however, most of the time, a lucky person shines far greater than a skillful person because a skilled person might know what he's doing but if he's not in the right moment then he would not make much money. But in the long run, I would say that skills matter the most since you will be able to make more money even if you are not on the right moment.

Trading is always the long run based because we cannot make big fortunes from trading just in one day itself.

The lucky traders may make some good profits one day or other but definitely not consistently. Just making profits in one day and losing all of them in another day will not definitely make a person good trader.

But skill will definitely help traders to make consistent profits even it is in lower amount, but consistency will be nice.

[Golftech]

For me, both factors matter in trading however, most of the time, a lucky person shines far greater than a skillful person because a skilled person might know what he's doing but if he's not in the right moment then he would not make much money. But in the long run, I would say that skills matter the most since you will be able to make more money even if you are not on the right moment.

Trading is always the long run based because we cannot make big fortunes from trading just in one day itself.

The lucky traders may make some good profits one day or other but definitely not consistently. Just making profits in one day and losing all of them in another day will not definitely make a person good trader.

But skill will definitely help traders to make consistent profits even it is in lower amount, but consistency will be nice.

personally thats what im aiming right now as my trading experience already teached me that getting small profits is much better rather than being stuck and wait for a big rise to come and suddenly fall to the other side skills really help us to make good assessment knowing which way the trade will go placing entry point and exit when you already got atleast 5% earnings by doing it day by day it will sum up as a good earnings in a whole month of trading.

[rizkyhiw]

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.

yeah i agree , with luck only i think people could not do much in reaching profit
but with skills only you still have to get profit even not steady
and now imagine once you have both luck and skills used, what would happened?
of course the perfect situation that everyone needed, but if i should choose one, i think to have skills more important.

to me the most important thing in trading as well as in gambling is luck if you are a lucky person you do not need any skill or experience as we have very clear examples from our daily life that most intelligent and experience people are working under the supervision of lucky people who have no skill and education or any experience. 

if you think the most important in trading is to have a luck then everything is about luck
which it's not right and soundslike weird
luck maybe required at some point , but not always there
a skills and experience dominating on determine the result of everything especially trading.

[dotajhay]

When trading What Matters More Skills or Luck?

You need both but the most matter is skills or strategy because in trading not only luck you need like in gambling you need a brain too, the luck is just 10% of need in bitcoin trading.