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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 34430 times)
intrader
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July 02, 2016, 03:58:19 PM
 #1

When trading What Matters More Skills or Luck?
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July 02, 2016, 05:07:32 PM
 #2

When trading What Matters More Skills or Luck?
You can argue about this all day long. But I think you need both skills and luck. The question should be - are you better with raw luck or with extreme understanding of the trading strategies?
And how high your luck factor should be? Do you need 50-50 skill and luck or that ratio should be different?
 
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July 02, 2016, 05:11:14 PM
 #3

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.


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July 03, 2016, 04:33:38 AM
 #4

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.
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July 03, 2016, 05:19:09 AM
 #5

I have no doubt that because of the usual uncertainty that prevails on markets, there is no way to foresee with total accuracy the future market moves, and this great uncertainty leaves room to the possible intervention of luck as a valid factor to get profits, but in the long run only a proper and methodical application of trading skills through a functional strategy and adequate money management can ensure our future success.

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July 03, 2016, 06:01:26 AM
 #6

When trading What Matters More Skills or Luck?

i believe that both of them are key aspects that can lead you to success and you will always need both of them and can't deny the effect of any.

but what matters is skills because skills is what you can rely on in long term not luck, so if you have skills you can make profit if you get unlucky because you can get out of a bad situation or loss with enough skills.

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July 03, 2016, 06:42:11 AM
 #7

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.
yes it is a fact. we cannot depend on one only. both luck and skill or struggle are the two important factor of success. i think in every religion the luck is  is some how discuss there. i think every religion believe on luck, so we can say that luck is important but skill or work hard must be there.
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July 03, 2016, 08:44:19 PM
 #8

   As yet there are people who break schemes but they  are counted,for ordinary people(Understand the correct way to refer to commonly,average,most of us)  it depends on each person, for example if you ask the  wall-street wolf probably will tell you that none is forever, others will tell you that skills are more needed, others that luck is only necessary.As you can realize there will always be different points of view.The same is true in ball games, of course the match result depend on a team most of the time, but this team needs at least a scorer with own skills, but it turns out that sometimes in certain clinchers the scorer fails, and you ask what happened here? and everyone says: failure luck.  
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July 04, 2016, 05:44:41 AM
 #9

When trading What Matters More Skills or Luck?
if your pool just between 'skills" and "luck" , i would like to prefer skills, because we can learn first about fundamental and technical analysis first before we start trading. But since you added "both" too in your pool, i choosen it, sometimes you need luck too in trading, maybe you can get huge profit without you predicted it.

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July 04, 2016, 05:49:07 AM
 #10

When trading What Matters More Skills or Luck?

They matters both but LUCK is the gateway to use your SKILLS.

How matter good your skills are if price are not meant the way you want, you are only going in a two way and that are to go short or to go long.

But sometimes even luck comes to a trader and all winds are blowing the way they want, still they can't properly used their skills. What's the reason? Greed and too much expecting for a target price.

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July 04, 2016, 06:21:15 AM
 #11

When trading What Matters More Skills or Luck?

skills is the important thing in trading. but you always need luck in all your life no matter what you do it is better to be lucky than smart Smiley

but without skills you can't make any trades and your trades would be a shot in the dark with the hope of hitting the target.

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July 04, 2016, 07:16:30 AM
 #12

pure skills. u can just be lucky on ur trading partner. U need to find something that make him/her legit.

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July 04, 2016, 12:24:35 PM
 #13

In that matter I am in the favor of both as both skills and luck are making us to earn not only on trading but on any field of business, with skills a person do not miss any opportunity and with luck a person get all the opportunity with his involvement.
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July 04, 2016, 12:39:35 PM
 #14

I'll go with skills. skills is most and more Important for getting success in trading. without skills and just believing your luck you can't get anything from trading.
honestly trading is all about skills and knowledge. some time may luck help you also but most of time you do everything with your skills. even if the trading market down sometime you can still manage your ways if you have proper skills for trading.
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July 04, 2016, 01:33:21 PM
 #15

When trading What Matters More Skills or Luck?
I dont believe in LUCK at trading at all my friend.
Only you skills can let you profit constantly in this section.
Learn a lot,trading isnt easy,look for ppl who may help you etc.
I personally recommend you using price action,no useless indicators.
Good luck anyway with you LUCK Cheesy
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July 04, 2016, 02:10:00 PM
 #16

When trading What Matters More Skills or Luck?
Both of them have the same chance to be an imprtant factor in trading but I sure in front of them experience will be superior became an important factor on trading. people have skill but nothing on experience I sure there will get a fault on trading and otherwise.

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July 04, 2016, 02:14:09 PM
 #17

If you take care of risk management  - not wagering too much on each trade, and doing due diligence and diversifying, then you can ride out luck both good and bad.

All my losses to date have been due to exchanges going bust/theowner of exchange running away with the coins. So nothing to do with skills, and everything to do with bad luck. Though it helped that I practiced risk management and spread my money across a lot of exchanges and didn't hold more on an exchange than I needed to - that's the only reason I haven't been completely wiped out by the scams - risk management.

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July 04, 2016, 02:21:28 PM
 #18

When trading What Matters More Skills or Luck?
in regards to trading much better if you have skills because luck will be added after, knowing what the price will be going or the trend will be going is part of your skills and if you are lucky it will double or more than that, skills of knowing the right way and luck coming around good way of traders.

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July 04, 2016, 02:33:02 PM
 #19

Skills vs luck most of the time you can learn tricks to earn skills you know when you are doing something allot you get the skill but when you are
trying to do a skill for the first time and you finished it you have luck that is the difference
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July 04, 2016, 04:10:45 PM
 #20

When trading What Matters More Skills or Luck?

In bitcoin trading skills along with luck matters high, because the price variation is the important factor that gives you better profit. So if you're lucky you might experience steep increase from the next day of buying. Even in that, skills play a role of predicting the days of rise and fall.

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