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Author Topic: Day trade is more a lucky thing or skill  (Read 2918 times)
bitgolden
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May 10, 2018, 07:05:52 AM
 #241

Day trading is difficult and need high skills and knowledge,Rarely lucky people win by luck but mostly skills are needed.Day trading is attentive job and keep eye on the prices every moment.I recommend that keep learning and explore the skills.
I know that this requires skills to be able to achieve something out of it, but trust me bro, Luck plays a big role in this than you can ever imagine. If you’re not lucky, you will just end up a loser. Skills are important and so is luck. Both of them needs each other for the business to be in your favor.

You can have the skills but keep on making slight mistakes that ends up ruining everything you have worked on so far. So skills are very important and so is luck.

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jeepuerit
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May 10, 2018, 09:28:44 AM
 #242

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's better to have that trading skill to be less happy with the investment, when it starts trading and you do not know how to use it is still useless, you can not grow an investment if you do not know it.
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May 10, 2018, 01:28:23 PM
 #243

If you have more skill and good psychology in trading so  you can make prediction by 70% accurate and 30% does not. Day trading need not only understanding about technical analysis but also good psychology and enough patient. If you dont have it all, for the better doing swing trading that need less times and no need to spend much times in the front of the chart, just check the price action 10 to 20 minutes aday.

What is meant by the "chances" of Trading Day is when the graph changes drastically but suddenly you get a profit because the garfik rises per few seconds before you do trading it is called Lucky Day Trading in my opinion. And skill is the main thing needed for Day Trading, because Day Trading takes a short time to get profit. If we are not adept at seeing graphs and patterns then the defeat is just waiting in front of the eye
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May 10, 2018, 01:49:54 PM
 #244

The most important skill for day-trading is not to be greedy! Smiley Then it's luck and TA and so on.
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May 10, 2018, 04:29:18 PM
 #245

I think both are needed in trading that is luck and skill because in trading have big risk and if you do not have good skills then you can be wrong in taking decision and if you are lucky then you can get big profit
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May 10, 2018, 07:08:17 PM
 #246

Luck can certainly play a good part in the game while day trading. But main factor that is important is about studying the graphs. If we have a good knowledge about changing trends, we can certainly play well in day trading.
margert
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May 10, 2018, 10:15:39 PM
 #247

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 believe that commercial jtheo day can not only rely on luck but you also need a lot of skills. You need to have good analytical skills, follow the plan that is full, discipline yourself to be able to capitalize and profit, while also reducing the risk. The market in recent days is fluctuating continuously and difficult to guess so trading by day is the best choice at the moment.
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May 10, 2018, 10:46:57 PM
 #248

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?
In order to be successful on a day-to-day basis, you need to have a clear and tangible business plan, and you must also discipline yourself to comply with the plan. With a knit market fluctuating as much as the present time, discipline in trading is very important, you need to take profit when it is profitable and cut losses when necessary.
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May 10, 2018, 10:49:10 PM
 #249

for me Both of course, even if you got the skill if you're unlucky that day it's useless
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May 13, 2018, 10:11:04 AM
 #250

I think both are needed in trading that is luck and skill because in trading have big risk and if you do not have good skills then you can be wrong in taking decision and if you are lucky then you can get big profit
Today, BTC trading based on luck will not be profitable, requiring you to have skills and market experience, coupled with the judgment you will succeed. so can earn high income.
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May 13, 2018, 10:24:12 AM
 #251

everyone has different skills, your friend may have expertise in trading and analyze a graph. If that happens to me, I will HOLD because I am not very good at trading. Because I do not want to speculate in trading
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May 13, 2018, 10:40:50 AM
 #252

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 think it will depend on your preference. If you are interested in finding potential altcoins to invest in, you will be bored with day trading or vice versa.
If you like to make money fast in a day, day trading will be a very good choice for you. If you like long-term investment, make more money in the future, investment is good for you.






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May 13, 2018, 02:24:42 PM
 #253

In my opinion, the skills needed earlier. If the trader does not go first, then if you do not increase the skill then it will be lost. The purpose of the trades is to successful and beneficial. If you work with efficiency, then you will determine fate. No luck can come first.

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May 13, 2018, 02:56:43 PM
 #254

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 think in doing daily trading activities you can not just rely on luck and of course you have to have skills in daily trading activities. and in my opinion the skills you will get you will not get you instantly because this takes a long time. so I guess the things you should do in daily trading activities of course you should have enough time to continue to monitor the movement of the crypto market and of course by doing it gradually continuously you will have the skills in doing daily trading activities.

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May 13, 2018, 03:14:43 PM
 #255

I believe day trading needs both luck as well skills to make good earning. There are people who invested their hard earnings into low valued altcoins and profited big in a short time.
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May 13, 2018, 03:28:13 PM
 #256

I think day trading relies more on luck than on skil, most people who do it just see value moves instead of the quality of a coin, I am proud of people who dare to do that because he is very brave
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May 13, 2018, 03:34:49 PM
 #257

Successful Day trading is essential based skill and experiences and how you deploy your skill and let your experience serve you will determine to large extent how much profit you will make with a little bit of luck as well!

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May 13, 2018, 03:50:09 PM
 #258

Trading is more on skill because without skill you have only the slightest chance to have a win trade and be successful in trading because skill is needed to trade and without that you get risk worse than you ever imagine.
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May 13, 2018, 03:52:46 PM
 #259

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?
The best option is to hold in the long run. Because the trading day is very stressful. You have to stare at the 24/7 screen for profit. That job will make you feel like you do not want to spend time on anything else, including sleeping.
I did that job and it made me feel very pressure. So I moved to hold in the long term. I had more time to analyze and entertain.

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May 13, 2018, 10:06:58 PM
 #260

For sure it's pure luck or unluck. I would say day trade is more a gambling than a trade. Some may start gambling but then realize the potential and so put in the effort to make long time trading a long and prosperous career.
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