Skills vs Luck *poll*

[icecube45]

here mostly saying luck has nothing to do with trading or at least it is a very tiny part of it.

You might be wrong in my view. Whether it is tiny or big force, there is a role for luck factor in trading for deciding our performances in trading.

I have seen many traders were ending up in losses just due to sudden changes/fluctuations even they had very good skill for in-depth technical analysis. There are some points, beyond that only luck may save us.

Yes you are right in any case no matter how small it, luck certainly needed, including trade. Although it is true that dominates success in trading is a skill but luck is also required even though very small. As you say sometimes prices change suddenly, so a little luck will save. So basically both indispensable in the trade.

[GreenBits]

Well, for this, I prefer good luck, because no matter how great you analyze something, but if you're not lucky, then surely the result you will lose. but, it is better to use both of them to make a profit, because luck will not come without great skill. well, skill and luck is complementary.

Luck is good but for me it will be the best for having both. Luck isn't going to work out if you don't have something to do with it. And by applying your skills on it you can have a win-win situation for it. Because if you will trade with skills of yours and luck, the chances of earning and getting profit is higher than usual.

Thats true if you have them both you will get profit and get knowledge in trading at once.But skills is the most important in trading than depending on luck.Trading is required your skills in analyzing the market growth of your choosed assets or coins.

[Maslate]

Well, for this, I prefer good luck, because no matter how great you analyze something, but if you're not lucky, then surely the result you will lose. but, it is better to use both of them to make a profit, because luck will not come without great skill. well, skill and luck is complementary.

Luck is good but for me it will be the best for having both. Luck isn't going to work out if you don't have something to do with it. And by applying your skills on it you can have a win-win situation for it. Because if you will trade with skills of yours and luck, the chances of earning and getting profit is higher than usual.

Thats true if you have them both you will get profit and get knowledge in trading at once.But skills is the most important in trading than depending on luck.Trading is required your skills in analyzing the market growth of your choosed assets or coins.

Luck is just a bonus, you don't need it but you have to be happy once you are lucky. Trading is a serious business or a job, therefore you have to treat it seriously, your luck would not take you to long term success. Always do remember that if we are lazy enough improving our trading skills, our journey will end up soon and we will not have a good experience as a trader. Take this opportunity now that assets are volatile, with proper education, we can do things right.

[ololajulo]

Just like every other trade that requires luck. i can say 10% luck and 90% skill. It is very hard to see a trader without loss or lesser profit than envisaged, but skills and experience reduces loss. Crytocurrency trade requires both

[PokerDiceMan]

in trading skills is dominant is compare luck
in gambling luck is dominant from skill, if you feel in trading only lucky, lucky dominant from skills, you not trading but gambling

[justdimin]

here mostly saying luck has nothing to do with trading or at least it is a very tiny part of it.

You might be wrong in my view. Whether it is tiny or big force, there is a role for luck factor in trading for deciding our performances in trading.

I have seen many traders were ending up in losses just due to sudden changes/fluctuations even they had very good skill for in-depth technical analysis. There are some points, beyond that only luck may save us.

Yes you are right in any case no matter how small it, luck certainly needed, including trade. Although it is true that dominates success in trading is a skill but luck is also required even though very small. As you say sometimes prices change suddenly, so a little luck will save. So basically both indispensable in the trade.

Yes and more because the nature of market, the coins are controlled by the owners and actually if we even invest in the right team while the team changes its plans at the last moment and scams everyone by eating up the investment and dumping the coins then its pretty useless.

We need some luck for sure to survive in this trading platform though that been said luck alone cannot get you ahead in the race always. The more you test your luck the sooner you will get a kick.

[Victorycoin]

here mostly saying luck has nothing to do with trading or at least it is a very tiny part of it.

You might be wrong in my view. Whether it is tiny or big force, there is a role for luck factor in trading for deciding our performances in trading.

I have seen many traders were ending up in losses just due to sudden changes/fluctuations even they had very good skill for in-depth technical analysis. There are some points, beyond that only luck may save us.

There are a million and one factors out there that influences the market most of them fundamental and political issues, so even after a very good analysis, a trade may still go the other way and that has absolutely nothing to do with being lucky or not. As a matter of fact, losing is indefensible in trading and knowledgeable and skillful traders don't attempt to contest with that, rather their wealth of knowledge is channeled to winning more trades than they lose and that's how sustainable profit is made.

In case it's one's lucky day and their luck earned them something good, how does one sustain the windfall and not hand it back to the market, if the skills ain't there?

[markyminer]

Just like every other trade that requires luck. i can say 10% luck and 90% skill. It is very hard to see a trader without loss or lesser profit than envisaged, but skills and experience reduces loss. Crytocurrency trade requires both

sorry but i am not agree with you. to i think we 90 % depend on our luck even in trading and just 10 percent on skill and experience. although in trading if you have good skill and experience then your skill and experience can increase your winning chance but still luck is the master of all, in practical life we have so many good examples. as if a person inherit a lot of property bank balance, cars houses high status and much more from his father even the person is illiterate while a  well educated, skillful person is looking for a minor job to fulfill their basic needs. so the illiterate person is luck and the well educated person is not lucky and that is the only difference.

[Zadicar]

Just like every other trade that requires luck. i can say 10% luck and 90% skill. It is very hard to see a trader without loss or lesser profit than envisaged, but skills and experience reduces loss. Crytocurrency trade requires both

sorry but i am not agree with you. to i think we 90 % depend on our luck even in trading and just 10 percent on skill and experience. although in trading if you have good skill and experience then your skill and experience can increase your winning chance but still luck is the master of all, in practical life we have so many good examples. as if a person inherit a lot of property bank balance, cars houses high status and much more from his father even the person is illiterate while a  well educated, skillful person is looking for a minor job to fulfill their basic needs. so the illiterate person is luck and the well educated person is not lucky and that is the only difference.

You do have some points but it dont happen anytime and there are really lucky people on this world even if they arent too good or lucky on a certain thing but there are other plans on which God has given into you thats why some may have a fruitful or easy money status on life. Regarding on trading luck would be needed but not most of the time because you will need skills to utilize those luck you do have.

[Monnt]

here mostly saying luck has nothing to do with trading or at least it is a very tiny part of it.

You might be wrong in my view. Whether it is tiny or big force, there is a role for luck factor in trading for deciding our performances in trading.

I have seen many traders were ending up in losses just due to sudden changes/fluctuations even they had very good skill for in-depth technical analysis. There are some points, beyond that only luck may save us.

Indeed luck plays a very important role because we might buy some horror coin and then we just get lucky and the team somehow made the right move and got a big pump during which we sold the coins.

While on the contrary we buy some best possible coins and there is some sudden issues with the team and we dump them knowing the coins are being dumped, though they might rise later. So luck is all we need man in gambling and in trading of course.

[upsidedown75]

I think trading is pure 99% depending on skills. While luck on trade are those people who don't have the skills. except for gambling and it obviously depends on luck.

It is true when we trade on platform like forex while when we deal in crypto currency and more accurately in alt coins then we need some luck too because these alt coins get dumped very soon and the pump is the ideal time to sell and no one (yes no one ! ) can guess when the pump will start and what's the peak time to sell the coins.
So ultimately have to rely on our luck.

[agamasrori]

When trading What Matters More Skills or Luck?

we can always use the skills we have, but we can not lucky every time. Trading depend on luck is such as gambling, most of novice trader and gambler is do this, we can gain trading skills from online courses or seminars or the like.

[icecube45]

here mostly saying luck has nothing to do with trading or at least it is a very tiny part of it.

You might be wrong in my view. Whether it is tiny or big force, there is a role for luck factor in trading for deciding our performances in trading.

I have seen many traders were ending up in losses just due to sudden changes/fluctuations even they had very good skill for in-depth technical analysis. There are some points, beyond that only luck may save us.

Yes you are right in any case no matter how small it, luck certainly needed, including trade. Although it is true that dominates success in trading is a skill but luck is also required even though very small. As you say sometimes prices change suddenly, so a little luck will save. So basically both indispensable in the trade.

Yes and more because the nature of market, the coins are controlled by the owners and actually if we even invest in the right team while the team changes its plans at the last moment and scams everyone by eating up the investment and dumping the coins then its pretty useless.

We need some luck for sure to survive in this trading platform though that been said luck alone cannot get you ahead in the race always. The more you test your luck the sooner you will get a kick.

Yes, although the lucky few needed in trade but if depends only on luck it is also less precise. We also need to have skill in trading because it is very important. Luck here does not mean that our trading style by way of gambling without trading skills, but in the sense of any strategy that we use in the end market that has the rights and is responsible for profit and loss. On the other side trading skills also played a role in a healthy trading activity, so that regardless of market conditions if we are disciplined then the account we can still survive or thrive.

[roadbits]

When trading What Matters More Skills or Luck?

we can always use the skills we have, but we can not lucky every time. Trading depend on luck is such as gambling, most of novice trader and gambler is do this, we can gain trading skills from online courses or seminars or the like.

For me, the trading requires both luck and skills. And if you ask me percentage I will give 30 for luck and 70 for skills. Not everytime your skills will work we need some luck to make a profit in trading. And it is not full depends on luck like gambling. Without having proper knowledge, you can not start trading. So for me, both luck and skills have equal weightage in trading.

[Kevin77]

Well, for this, I prefer good luck, because no matter how great you analyze something, but if you're not lucky, then surely the result you will lose. but, it is better to use both of them to make a profit, because luck will not come without great skill. well, skill and luck is complementary.

Yeah luck is required just till the luck doesn't become unlucky for you. I mean if you have a neutral luck and good skills like comparing charts and all then no one can stop you from making profit in long term and luck doesn't mean that we will have 0% luck rather I consider lucky person having a slight advantage over a neutral person.

You can see the example of bitcoins trading no mater how unlucky we are yet the price will rise some day and we will sell then, how can we give loss then in that trading ?

[michnelli6]

You can see the example of bitcoins trading no mater how unlucky we are yet the price will rise some day and we will sell then, how can we give loss then in that trading ?

That is the reason here many traders believe beyond our technical research there would be some external forces to decide our profits or losses. Why not can call that forces as luck factor.

Only some point we can differentiate trading from gambling after that both have some similar characteristics due to this luck factor.

[coinplus]

Well, for this, I prefer good luck, because no matter how great you analyze something, but if you're not lucky, then surely the result you will lose. but, it is better to use both of them to make a profit, because luck will not come without great skill. well, skill and luck is complementary.

As said skills is always an important factor, but if luck is found along with skills then one will be successful. Making a profit only with skills is possible rarely but with luck its easy to profit good which makes luck to be the best among skills and luck.

Yeah absolutely skill and luck are both required for making profits with trading. Its like we ask what is more important milk or sugar while making a good coffee ?

So, both have to be in balance all the time. If we are too lucky then we will always depend on that and loose suddenly while if we just become overconfident on our skills and stop trusting luck then we might panic too soon and sell some asset for cheap.

[virasisog]

You can see the example of bitcoins trading no mater how unlucky we are yet the price will rise some day and we will sell then, how can we give loss then in that trading ?

That is the reason here many traders believe beyond our technical research there would be some external forces to decide our profits or losses. Why not can call that forces as luck factor.

Only some point we can differentiate trading from gambling after that both have some similar characteristics due to this luck factor.

Trading or being a trader isn't just about trading bitcoins.It has a big coverage but yes its profitable if you trade bitcoins . Skills is more needed for you to trade than your luck .there are many people arguing about how lucky or unlucky they are but one thing for sure we all have luck and it will only depends on us our skills if we learn and enhance our knowledge.

[marcuslong]

Trading is also considered as gambling, and gambling really need your luck and skills. Thats why, you need them both. Even if you are really skillful, if you are unlucky, you are nothing. If you are really lucky, and you do not have skills, its like a ship without heading, just being happy sailing in the water. You really need them both.

But if you avoid playing gambling you can less your lose when you focus on trading only not because you had luck there you can assures your winning not like on trading whwn the coins is going up all you need is to sell you don't need luck on trading i depend on my skills and patience

[Victorycoin]

Yeah luck is required just till the luck doesn't become unlucky for you. I mean if you have a neutral luck and good skills like comparing charts and all then no one can stop you from making profit in long term and luck doesn't mean that we will have 0% luck rather I consider lucky person having a slight advantage over a neutral person.

Never heard of neutral luck! It is either one is lucky or simply a master at what he\she does. Problem with luck is that everyday cannot be Christmas and their obviously no future with hoping on hope.

You can see the example of bitcoins trading no mater how unlucky we are yet the price will rise some day and we will sell then, how can we give loss then in that trading ?

That only is the case, if a trader is knowledgeable enough to realize they cannot buy at just any price. If a trader ends up buying at the peak value, market may not be quick to return to that price level and sometimes as seen with some altcoin, it may never.