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Author Topic: Is trading just educated guessing?  (Read 22349 times)
AmsterdamPimp
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February 24, 2017, 12:48:51 PM
 #21

Can you really be sure you will profit unless you have insider info?

You are right nothing is guaranteed in trading friend but actually if you are doing trading since a long time then you develop some nice skills which help you in determining when the price may go up and when it may come down.

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February 24, 2017, 01:43:05 PM
 #22

Can you really be sure you will profit unless you have insider info?

Not every time you can be sure of profit.  With a guess or wild guess there is low possibility of gain. With more and more correct and relevant information at disposal a guess becomes more precise and increases profit earning chances. Correct analytical skills are synchronous in making profit making decisions. In the end,  trading done right is educated guess which is backed up by analysis and experience.
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February 24, 2017, 01:43:20 PM
 #23

In some cases trading is guessing which also requiers a certain amount of luck. But you can't say that knowledge isn't necessary too and you have to know how market is functioning and what are the rules, you have to be experienced. This is all necessary if you want to be successful trader.

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February 24, 2017, 01:59:22 PM
 #24

Can you really be sure you will profit unless you have insider info?

If does we are sure then we can never experienced losses when dealing in trades.

Analyzations, technical analysis, speculations, fearless forecast, insider info, traders view etc. are just for references purposes and it doesn't giving anyone an assurance that they will make a succesful. But what important here is, those references I mentioned can really help to increase the success rate of "educated guessing" so it's a big factor when dealing in trades.

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February 24, 2017, 02:09:53 PM
 #25

Can you really be sure you will profit unless you have insider info?

If does we are sure then we can never experienced losses when dealing in trades.

Analyzations, technical analysis, speculations, fearless forecast, insider info, traders view etc. are just for references purposes and it doesn't giving anyone an assurance that they will make a succesful. But what important here is, those references I mentioned can really help to increase the success rate of "educated guessing" so it's a big factor when dealing in trades.

I think trading is in a lot of cases psychology.
People tend to react the same way under certain circumstances. Its the same in the stock market or the cryptocurrency market.
And some smart people have discovered that this behaviour can be read out of the charts. So they can predict the future course of the chart.
That gives them a big advantage compared to the ordinary trader who just expects a raise in the chart.

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February 24, 2017, 02:16:45 PM
 #26

Can you really be sure you will profit unless you have insider info?

There are too many factors to consider in trading that can make you decide better. That means its more than just guessing. I think a lot of experienced traders know this already. Just having enough experience and if you're good at observing how alt coins move and its history would certainly increase your chances of a successful trade.

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February 24, 2017, 02:24:26 PM
 #27

Can you really be sure you will profit unless you have insider info?

in trading you can never be sure, it is all about that "guess" that you make. if you are good at it, you can make a more accurate guess and make more profit than you lose and if you don't know what you are doing, you will make far off the mark guesses and lose more than you make.

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February 24, 2017, 03:22:08 PM
 #28

That educated guess gives you a higher odds to get the money though. It is better than doing a wild guess. You are not guaranteed to always win in trading, but it gives you a better chance to earn more money. But of course, if you can gain insider information,  that boost up your odds.














 

 

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February 24, 2017, 03:26:37 PM
 #29

That educated guess gives you a higher odds to get the money though. It is better than doing a wild guess. You are not guaranteed to always win in trading, but it gives you a better chance to earn more money. But of course, if you can gain insider information,  that boost up your odds.
i like your perception about this mate because you are correct with this wild guess if its qualified as one of it, you will be able to change your life after making a correct assessment, if the price went to your side and your guess is correct you will be able to earn a lot and not like other type of guessing this one can be big.

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February 24, 2017, 03:26:41 PM
 #30

Having the right skill set, reading charts/orderbooks, following the right news, understanding sentiment and many other things if done correctly can give you an edge but that is all it is. No guarantees without insider info.
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February 24, 2017, 04:23:43 PM
 #31

Can you really be sure you will profit unless you have insider info?

Insider info would help you but you can't say that you're a good trader if you always use an insider info. That doesn't make your trading skills grow at all. You get this "hunch" that a certain altcoin is a good trade or not. Of course you read the charts and all, so you're certainly not guessing. I'd like to think of it as "betting" (since trading is a lot similar with gambling). You "bet" that that certain coin is a good trade and that's how you earn money from trading.

tl;dr: No. It's not educated guessing.

                           
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February 24, 2017, 04:37:20 PM
 #32

Having the right skill set, reading charts/orderbooks, following the right news, understanding sentiment and many other things if done correctly can give you an edge but that is all it is. No guarantees without insider info.

For insider info, will be saved in every trading sites with the proper verification on it. In trading all you need to worry is to have a trade with the trusted people,maintain your trade volume on a daily basis and looking price chart on a timely basis and etc... Leave other things and concern these things.
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February 24, 2017, 04:58:01 PM
 #33

Can you really be sure you will profit unless you have insider info?
Not at all, you can get some profit depending on how good your marketing prediction skills. In such a way, you know how a simple price chart of a certain coin. Well there are other ways beside looking on the price chart of coin that needs to be explore to be sure of getting a profit into something. I dont know those things myself since i'm not a trader but i know someone. And about the insider info, if you have those then better use it since it really helps you in trading. By the way, for me, Trading is just the same as Gambling in such a way that in trading you use professional guessing while on gambling you use pure guessing.


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Vaccinus
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February 24, 2017, 05:02:52 PM
 #34

Can you really be sure you will profit unless you have insider info?

you can but only if you have a very large experience with that market but there is still luck, instead what you're saying is more true with altcoin, because they are cheap and if you are in a group of pumpers you can manipulate and make the market yours, but bitcoin is too big now and the coins and few whales hava many coins, it's not like 2010 anymore, distribution is better

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February 24, 2017, 06:53:54 PM
 #35

People may say that they follow all this bullshit technical analysis when it comes to bitcoin and they watch the crypto news relating to it, but in the end you're really just hoping for bitcoin to go up with a claim on why it SHOULD not why it WILL.

Even through some of the most crazed evidence in the world you could still end up with the opposite result of all your findings based on one big whale selling.

Can you really be sure you will profit unless you have insider info?

Not at all. Trading with bitcoin requires you to follow the price flow, current events that might change the price and also a little luck.

Tons of luck as Bitcoin isn't like a normal stock on wall street, yet I suppose.

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manselr
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February 24, 2017, 07:04:25 PM
 #36

Can you really be sure you will profit unless you have insider info?

Isnt it obvious? trading is educated guessing or educated gambling, however you want to mention it.

We know bitcoin will keep going up, but everything eventually corrects, the question is WHEN. We can't really know, only speculate.

You may think it's now, and it may climb up to $2000.
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February 26, 2017, 03:23:01 PM
 #37

Insider info would be great but for us mere mortals without it, we can only rely on news and maybe "feel" the trend. I think it would be risky to go against the herd most of the time but it seem safer to follow when they buy. If people are all selling though, I feel it's better to hold whatever you got since you'll just lose money if you sell while it's low. That is of course if you still trust bitcoin. Maybe while you're at it, buy up what they dumped. Cheesy
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February 26, 2017, 08:31:09 PM
 #38

Can you really be sure you will profit unless you have insider info?

Not at all. Trading with bitcoin requires you to follow the price flow, current events that might change the price and also a little luck.

And it is better when a lot of luck. Price Bitcoin really unpredictable. Sometimes she surprises. That is why you need to have experience in trading cryptocurrency
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February 26, 2017, 11:58:50 PM
 #39

Really, I cannot understand the wording 'educated guessing'. It seems to me that is 'feeling' like as when someone is coming and whispering the nights when you are dreaming the next day trading move. But I believe that experienced traders can really see more or less how a trading will go not why they guess about it but due to their big experience. Sometimes these skillful and gifted traders they can lose money but surely these times are significant less than the non-experienced ones.
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February 27, 2017, 05:26:39 AM
 #40

Can you really be sure you will profit unless you have insider info?
There is no guarantee profit in trading especially when you don't have a big a capital there is always chance on lossing, even professional trader lost sometimes that's why other have multiple coins.
Insider info it's only tips it's up to you if you follow it or not.

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