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Author Topic: Day trade is more a lucky thing or skill  (Read 2687 times)
tanghere02
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April 19, 2018, 10:37:44 AM
 #21

In my opinion day trading takes a lot of risk, time and patience to be good at it. I tried my best before doing day trading without any knowledge or does not even know what I was doing back then but I felt like I need to day trade because it could make me profit more than just hodling my coins. But I end up regretting what I did and now preferred long term than doing day trade. I basically think it is more of a skill than being lucky due to experience and knowledge of course.

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April 19, 2018, 10:39:52 AM
 #22

for me , Trading is more likely to be skill ( Knowledge , and experience ) than luck. luck for sure is important in trading but when you study the market you would make sure to not take an emotional steps , you would take strong studied steps
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April 19, 2018, 10:44:46 AM
 #23

I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
Investing in Crypto is often based on luck rather than skill. Because the cost of all the altcoins depends on the fluctuation of the bitcoin.
So when the market goes down, we can easily predict the market will go up in a few days. Buying low and selling high is a strategy that is highly valued in this market.
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April 19, 2018, 10:51:13 AM
 #24

I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?

I do believe it's a skill but here's the thing to keep in mind: consider your competition; you are up against firms and companies and individuals who have better skills, better understanding, and better tools (faster computers, faster internet, etc...) so the house really never looses and the game is rigged against you. your best bet in my opinion to invest in project and coins for long periods of time (weeks).

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April 19, 2018, 11:02:28 AM
 #25

Day trade is just a combination of not just 2 but 3 factors to become a successful day crypto trader these three factors include : attitude, skills and luck. Attitude simply define on how to control your emotion when something got fucked up by your when the technical skills wont work. Skill, this where all about experience and acquired knowledge from the crypto point of view this includes technical and fundamental analysis and prediction plus data gathering from other sources with may help to get the target value the market. Luck, let's cross our fingers if everything else may seems to work.
nara1892
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April 19, 2018, 11:10:21 AM
 #26

This trading about skill with a bit of lucky. Not lucky pure, you must be able to read a chart, news, see the development of coin, analysis of block explorer like rich list, supply, etc. But I'm sure that thrader today is better, especially for beginner
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April 19, 2018, 11:19:05 AM
 #27

I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
Holding and doing day trade is better but it will become much better if you have some skills. because in trading not luck really matters its like any luck that it happens but you did not give importance so it will only past and you didn't realize that it was a luck. Skills and having a good control in your emotion is much required on this.

       
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April 19, 2018, 11:26:08 AM
 #28

Mostly they are a very skilled person who is doing day trading because they will act according to the market situation, even they failed they failed to make money through one coin, they won't bother much about other things. They will make the profit through the other coin by doing day trading.
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April 19, 2018, 11:39:46 AM
 #29

Honestly, with the way this market is, I would say anyone who is day-trading cryptocurrencies and making it well is as lucky as skillful as they are because they both go hand in hand.

Sure, skill is definitely a must have, as you will even be more vulnerable to losing everything if you do not have the skills to at least play safe. Considering how extremely volatile the market is, it is a very risky type of trading to do and if you do not know how to use some tools to guide you into knowing what to do at every point in time, then you will be totally screwed before you even realize it.



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April 19, 2018, 11:44:01 AM
 #30

For most people, it is luck.
For a small number of people, most of it is luck.
Anyway, I don't believe in graphical analysis, trend analysis, etc.
In my opinion, in most cases, day trading comes from personal emotions rather than rational research.
However, if you believe that the success of day trade comes from luck, it will increase the success rate of your day trade.
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April 19, 2018, 11:52:00 AM
 #31

Most of the people depends on luck regarding their investment, they were hoping that the price always goes up so that they will earn. But for me, it can combination of both, Yes there is something regarding investment because you were not sure about the price increase or decrease, however you need to have skill also that in whatever happens you can easily create an action or the plan B once the first decision is ineffective.
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April 19, 2018, 11:55:30 AM
 #32

I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
Can we say it is a combination of skill and little bit of luck needed to get succeed as a day trader,but more like skill is needed other than luck if you just do day trading like an gambling then you may not will all the times so learn the strategies behind the day trading and then only start it.

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April 19, 2018, 12:07:15 PM
 #33

I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?

It is a combination of skill and being lucky. I have known some professional traders and they understand the market. Although they cannot directly pinpoint what will happen, they have speculation that can help them and always have a trading plan. They know when to enter and exit their trade and they depend more on technical analysis than the fundamental one. Is your friend a professional trader that he knows it is all about being lucky? Well I think not. You still need skills and you cannot be lucky all the time. If you can't take being a day trader since it is so stressful then better stick with holding.

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April 19, 2018, 12:09:27 PM
 #34

I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?

This is the skill to catch luck) Today a lot of manipulation on this market. If you have time you must read the book "The Black Swan" (Nassim Nicholas Taleb)
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April 19, 2018, 12:13:39 PM
 #35

Day trading is more than just  "luck" because if you don't have skill you will just be named a gambler not a trader because if you don't have skills you have no insurance.
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April 19, 2018, 12:34:25 PM
 #36

So, should I stick with holding or playing day trade is a better option?
If you want to learn about trading first, you can do it. Tell to your friend that's the big mistake if you trading just on lucky, without your knowledge will only find the loss, do not be stupid because then you will cry. Many things must be understood before trading. But if you do not want to learn first, holding is the best. Do not spend money without knowledge, cryptocurrency is very cruel to do that.
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April 19, 2018, 12:45:33 PM
 #37

In day trading luck is just a small portion in trading and if you look at gamblers they have a really big chance of loosing rather than just having skills when it comes to trading.
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April 19, 2018, 12:54:43 PM
 #38

Day trading is more than just  "luck" because if you don't have skill you will just be named a gambler not a trader because if you don't have skills you have no insurance.
To be successful trader it requires of luck and skill for us to win in trading. True, it also requires luck and skills without these you can gain nothing. Accept the fact in day trader that risks is big and should be attentive in the market every minute.

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April 19, 2018, 01:06:19 PM
 #39

Day trade can make you rich instantly if things are working in your favor but a sudden crash, can change everything and give you heavy loss. Due to this factor even the most experienced traders will never suggest going for day trade as it includes more risk than profit. For instance if out of 7 days you are lucky for 6 days and make enough money, things might change everything on the 7th day. The volatility of crypto makes day trade very risky.

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April 19, 2018, 01:37:26 PM
 #40

With crypto, it does not need much skills and experience. You can easily make 5-10% in a day if you pick the right coins.
Are you joking, Crypto investment is not a easy pick the right coin. Day traders are always active in this trading platform so they know how to choose the best coin and they are all skillful person so it is not easy for everyone. I think experience person make good profit but beginners are impossible to success in all the time.

   
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