Skills vs Luck *poll*

[eaLiTy]

the luck factor is much more important. because gambling entrust our fortunes. may be nearly 80% of gambling game requires you to be lucky. skill can not help in the game of gambling.

it's not about gambling,OP have asked about which factor (skill or luck ) is important on trading nor asking for a gambling,if it was about gambling then the answer is can be easily figured out because gambling is pure lucykness so the answer is luck,but trading is more complicated than that thing

complication comes when there is uncertainty and that is where skill along with luck is necessary when it comes to trading as no one can predict exactly if the price goes up or down at a certain time

[1Referee]

complication comes when there is uncertainty and that is where skill along with luck is necessary when it comes to trading as no one can predict exactly if the price goes up or down at a certain time

Well experienced traders don't need any luck as they strictly rely on the experience that they have been building up throughout the years. That doesn't mean luck can't be an aspect of trading, but it's just an extra bit that comes your way in some cases. If I put it in perspective, then I say 90% skills and experience, and 10% luck. Luck is a nice bonus, but not a necessity.

I am talking about trading Bitcoin here, and not about altcoin trading. When it comes to altcoins, then it's vice versa. 10% "skills and experience" and 90% luck. Potential rewards are high as some people like to put up as argument, but when mentioning that, they also have to mention the fact that the value of altcoins can vanish by huge perecentages in a very short time. But they mostly don't mention that.

[icecube45]

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.

[Pursuer]

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.

[mirakal]

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.

Very well said, newbie think trading is an easy journey because they only hear stories of successful traders. In real life, we need to understand that trading is something that we can work well to make a serious amount of money. If we succeed in the long run that means we have the skills and we can consistently profit from trading, and that everyone should do.

[Zadicar]

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.

Very well said, newbie think trading is an easy journey because they only hear stories of successful traders. In real life, we need to understand that trading is something that we can work well to make a serious amount of money. If we succeed in the long run that means we have the skills and we can consistently profit from trading, and that everyone should do.

Newbie would surely think of this  that  trading is an easy thing to do  because  most  people  saying here is  trading  is  the most  best  way to make money  and   if a newbie   would  able to read those  they would surely think of it  but  as you mentioned  trading   is not easy  and  it does  really need  some  skills and experience  to it  in able to be  profitable and you are  battling against price movements  .

[Liad.Services]

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.

Very well said, newbie think trading is an easy journey because they only hear stories of successful traders. In real life, we need to understand that trading is something that we can work well to make a serious amount of money. If we succeed in the long run that means we have the skills and we can consistently profit from trading, and that everyone should do.

Newbie would surely think of this  that  trading is an easy thing to do  because  most  people  saying here is  trading  is  the most  best  way to make money  and   if a newbie   would  able to read those  they would surely think of it  but  as you mentioned  trading   is not easy  and  it does  really need  some  skills and experience  to it  in able to be  profitable and you are  battling against price movements  .

I agree with you that newbies that use trading to make a profit will provably fail.
But please consider that an important role in trading is luck,so if a newbie that does not understand a lot in trading has a lot of luck he may success in  trading,and will be able to make some profits of it.

[Positid]

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.

Very well said, newbie think trading is an easy journey because they only hear stories of successful traders. In real life, we need to understand that trading is something that we can work well to make a serious amount of money. If we succeed in the long run that means we have the skills and we can consistently profit from trading, and that everyone should do.

Newbie would surely think of this  that  trading is an easy thing to do  because  most  people  saying here is  trading  is  the most  best  way to make money  and   if a newbie   would  able to read those  they would surely think of it  but  as you mentioned  trading   is not easy  and  it does  really need  some  skills and experience  to it  in able to be  profitable and you are  battling against price movements  .

I agree with you that newbies that use trading to make a profit will provably fail.
But please consider that an important role in trading is luck,so if a newbie that does not understand a lot in trading has a lot of luck he may success in  trading,and will be able to make some profits of it.

Dude that's normal because you are still learning when you are newbie and it's fine as long as this newbie are willing to learn will rise every time he falls. It's a continuing process probably and I understand the newbie as once I was also a newbie until I learn the art of trading.

[Liad.Services]

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.

Very well said, newbie think trading is an easy journey because they only hear stories of successful traders. In real life, we need to understand that trading is something that we can work well to make a serious amount of money. If we succeed in the long run that means we have the skills and we can consistently profit from trading, and that everyone should do.

Newbie would surely think of this  that  trading is an easy thing to do  because  most  people  saying here is  trading  is  the most  best  way to make money  and   if a newbie   would  able to read those  they would surely think of it  but  as you mentioned  trading   is not easy  and  it does  really need  some  skills and experience  to it  in able to be  profitable and you are  battling against price movements  .

I agree with you that newbies that use trading to make a profit will provably fail.
But please consider that an important role in trading is luck,so if a newbie that does not understand a lot in trading has a lot of luck he may success in  trading,and will be able to make some profits of it.

Dude that's normal because you are still learning when you are newbie and it's fine as long as this newbie are willing to learn will rise every time he falls. It's a continuing process probably and I understand the newbie as once I was also a newbie until I learn the art of trading.

This is right,as long as the newbie has the motivation to learn and will not break it up after losing a small anount of money.
Anyway as I said before a large precent of the skills that are being used to be successfull in trading is luck.
If your luck is that bad you wont be succesfull in anything.

[milewilda]

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.

Very well said, newbie think trading is an easy journey because they only hear stories of successful traders. In real life, we need to understand that trading is something that we can work well to make a serious amount of money. If we succeed in the long run that means we have the skills and we can consistently profit from trading, and that everyone should do.

Newbie would surely think of this  that  trading is an easy thing to do  because  most  people  saying here is  trading  is  the most  best  way to make money  and   if a newbie   would  able to read those  they would surely think of it  but  as you mentioned  trading   is not easy  and  it does  really need  some  skills and experience  to it  in able to be  profitable and you are  battling against price movements  .

I agree with you that newbies that use trading to make a profit will provably fail.
But please consider that an important role in trading is luck,so if a newbie that does not understand a lot in trading has a lot of luck he may success in  trading,and will be able to make some profits of it.

I would  like  to diagree with you because  if  you  have even  luck  but you dont have  knowledge   on   trading  for sure you cant   use that  luck  on trading  because  you  dont know  nothing at all at the  first  time. Lets  say, you  have the  luck  but  you dont  know  how to use the  platform, then   how  you would  trade to make  money  because   you are  sure  that  you are  lucky? Then  its  really completely useless  at all..

[freedomgo]

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.

Very well said, newbie think trading is an easy journey because they only hear stories of successful traders. In real life, we need to understand that trading is something that we can work well to make a serious amount of money. If we succeed in the long run that means we have the skills and we can consistently profit from trading, and that everyone should do.

Newbie would surely think of this  that  trading is an easy thing to do  because  most  people  saying here is  trading  is  the most  best  way to make money  and   if a newbie   would  able to read those  they would surely think of it  but  as you mentioned  trading   is not easy  and  it does  really need  some  skills and experience  to it  in able to be  profitable and you are  battling against price movements  .

I agree with you that newbies that use trading to make a profit will provably fail.
But please consider that an important role in trading is luck,so if a newbie that does not understand a lot in trading has a lot of luck he may success in  trading,and will be able to make some profits of it.

I would  like  to diagree with you because  if  you  have even  luck  but you dont have  knowledge   on   trading  for sure you cant   use that  luck  on trading  because  you  dont know  nothing at all at the  first  time. Lets  say, you  have the  luck  but  you dont  know  how to use the  platform, then   how  you would  trade to make  money  because   you are  sure  that  you are  lucky? Then  its  really completely useless  at all..

Luck should not be considered when you are using a big amount of money to make money. It's all about the skills and you won't have the skills if you are not knowledgeable enough, when you work hard to learn and to develop your skills, luck will just come in an unexpected way.

[Victorycoin]

When trading What Matters More Skills or Luck?

skill should be more efficient when it comes in trading. you should be skilled to know when to invest and when to not. buying bitcoins is just easy as buying a goods in a store. but selling it in a higher price takes time when you want to profit large amount. patience is a virtue. bitcoins can be earn when you wait.

no one can absolutely predict the future ,to know the right time to buy or sell as you stated above you need analyzation skill indeed,but analyzation could possibly miss and you will end up losing your funds,and if you have luckyness,you're not going to miss

You drifted there by your conclusion that being a skillful means not ever losing to the market and I can bet my farm that every trader, one time or the other loses to the market. But what separates some traders from the bunch, is that some are able to read the market better and as well as manage their loses appreciably well than others and that is what skill does for a trader. Every business has its secrets, without it, one is simply a spectator.

[wxa7115]

the luck factor is much more important. because gambling entrust our fortunes. may be nearly 80% of gambling game requires you to be lucky. skill can not help in the game of gambling.

Gambling is just rubbish. Other than that, this thread is about which of these two (skills or luck) is a more important aspect when it comes to making profits with trading

It all depends on the type of the game. If it is dice than I absolutely agree, it is a sure way of losing money, given the house edge. But there are many games that require both luck and skill. For example, there have been (and still are) heated debates over whether poker is a game of luck or a game of skill (here's an interesting read). The inference is that poker becomes a game of skill (i.e. not luck) after around 1,500 hands...

In this aspect, trading seems to be like poker, that is, the more you play, the more skill dominates luck

I can agree that poker requires you to have a high skill level that you have been building up throughout the years that you use in your advantage to win games.

But if you compare playing poker directly to trading, then with poker (regardless of your skills) you depend much more on the luck aspect than is the case with trading.

As long as people don't agree on in what category they place poker in, people will constantly keep the debate alive where they agree and disagree with each other.

You are also dependent on luck when you trade, for example if you are just beginning your career as a trader and then for political or natural reasons some of your trades were affected and you lost money then you will need for the nest months to trade just to recover your losses.

[GregH37]

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.

Just forget about luck and go for skills. With skills you can get to anywhere and you can do anything. Skills matter a lot, if you have it in various field you can use it as a competative advantage over your colleagues. Particularly in trading, luck is not deciding anything, if we trade with only luck, then it is just a gambling.

[Ewinsane]

i think its depend on Skills and luck both and its my concept that successful trading is depend on both luck + skill if these both think is good then you can get profit in huge amount and you should never lost your balance in  trading.

[junder]

i think its depend on Skills and luck both and its my concept that successful trading is depend on both luck + skill if these both think is good then you can get profit in huge amount and you should never lost your balance in  trading.

We need both in trading. If we do not have a skill in trading will be lost if we have a skill but not lucky is lost too. This both is needed in trading to get a profit.

[outatime1]

Trading is mostly skill because you need to do work and research to know when to buy and sell. If you do a lot of trading, you can't make money if you don't have a sound strategy.

[rizkyhiw]

i think its depend on Skills and luck both and its my concept that successful trading is depend on both luck + skill if these both think is good then you can get profit in huge amount and you should never lost your balance in  trading.

We need both in trading. If we do not have a skill in trading will be lost if we have a skill but not lucky is lost too. This both is needed in trading to get a profit.

yeah two things that need each other it's a simply principle everyone know it
so i guess this stuff shouldn't be discussed and debated anymore
trading is like a simple job but actually it's not
indeed you need both skills and luck (if you believe luck is really exist) .

[knyolku123]

I think between skill and luck is same, if you want to profit when trading you should know the skills,with a skill they do not lose. but skill alone is not enough,you must have the luck to get profit. it is my opinion.

[StarofBTC]

I think between skill and luck is same, if you want to profit when trading you should know the skills,with a skill they do not lose. but skill alone is not enough,you must have the luck to get profit. it is my opinion.

Skill and luck cannot be the same, but both are helping a trader to make profits. In my experience only with my skill I was unable to make profits at the same time luck alone will not help to book profits.

But, like what elder people do say, luck favors the skilled one. Yes, to maximize the possibility of using our skill in trading we just need luck.