Day trade is more a lucky thing or skill

[carlisle1]

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?

If combinations of luck and skilled happens,then thats what we call a perfect outcome..trading sometimes has some part of gambling because most of the time no one really knows whats the coming price of our coin,then we only rely on luck then...but those experts in trading they can profit in 4 out of 5 trades meaning they can sight the incoming value

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[bitcoinmasterlord]

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.

I think day traders will not pick any sentimental coins, they intention is to earn some percentage of money before closing that day. So they will only pick high potential coin of the day. suppose if it is shitcoin also they don't care because they will not hold any coin long time.

For newcomers, day trading seriously not easy only experts can do this.

[Dudeperfect]

I believe that it is a combination of both but when it comes to the overall result of the larger time scale, the one with high skills wins the game because he has the advantage that helps him to perform well even in the worst situation. On the other hand, no one can rely on luck part. Even the luckiest person can not assure you that he will perform very well in his next trade just based on his luck.

[aoihs00]

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?

Skills :

Is something that you must have when you are in the crypto currency trades. The con trading is art, they are the bulls which you have to control with your skills and otherwise they will always end up having no good trades. Its better to adopt more of it and use it for real. This adds up to your trade really good.


Luck :

Is something that comes naturally and just the imaginary belief of yours which certainly comes to mind while you are playing the trades. Its so natural that when you win you say it was your luck and not the skills and even if you loose then you say it was your bad one! Thats sarcasm but it is the way it works.

You gotta have both of them buddy but keep in mind the second one is just perception of the virtual reality.

[erickkyut]

Since the cryptomarket is very volatile, I can say that Day Trading is a combination of luck, skills, and knowledge. These 3 cannot stand alone in day trading. There are times that even though you are skillful and very knowledgeable in trading, if you are not lucky, you will only get losses.

[dab000]

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.

Yes, but to pick the right coins does need some skills and experience

[acener]

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 it is a skill to do or perform because not everyone is lucky enough to do it but everyone who have the idea to do the basics of it would be able to do it appropriately with great earnings. Once you learn how to cope up and adopt the simple changes in daily trading, it would be easier to do the right time to trade in a day. It is not actually do a day trading without enough knowledge about it. So we would be needing to have enough skills and ability to do it.

[MoonJeina]

Youtube , Blogging etc. does not take any sort of luck , it takes skill just like day trading does . All sort of other ways of digital marketing are involved with some endorsements and publicizing the product of the sponsors . Day trading is done with a lot of skill and not everyone has the ability to be perfect at it until you've got the skills to understand the trade and visualize its outcomes . Luck plays an important role too , but luck wouldn't play a role if you just sit staring at the trades . You've got to show some skills for it.                                         

[Suslura]

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.

Yes, but to pick the right coins does need some skills and experience

without practice you will not forget any experience and knowledge. Therefore, you must arrange for yourself a starting capital and choose from Raikin will be something suitable. Everyone even has the top ten best coins, it's worth paying attention to. You will gain both experience and knowledge.

[charlotte04]

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?

Sometimes I do not believe in charts, all I do is feel if the market is right to trade and see people if they are all bullish or bearish.

[AK47-]

See, I have been trading using charts quite successfully. Recently, I took long position on ETH with 15% stoploss which was a right investment move according to market scenario. A whale fucked all the longs in one single move and stoploss got triggered giving me a loss of 15% even after a proper analysis and a right decision. So, I would say trading is game of both luck and skill. Crypto market is highly unpredictable and hence, luck becomes and important part of the game.

[Docbee]

It is all about skill, training and emotional comportment. These characteristics help to be good trader likewise ability to dedicate your time to day trading. So it is all about skill not luck.

[trumper]

Day trade is more what you call it, if the trend is upward even if you are a bad trader you can make money and you call it luck. But hodling and trading are all skill for me.

[liltrader]

I was trying to do a daytrading for a couple of months. I can say, that it is possible to stay in profit but not as big as many think.
My average results are 3-6% a month.
I was starting every day from analyzes of growing coins. Then was waiting for trading signals on this coins.
I was aiming to take 1-10% of the profit from each trade.

Recently I found this thread, they offering to become a beta tester for automatic trading systems. Will try it as well, because daytrading routing takes too much time. Maybe I will be able to automate part of my trading routine.
Thread: https://bitcointalk.org/index.php?topic=3294989.0

[Quidat]

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?

Day trading do really somehow need some luck for you to be profitable but on general means it does really matter with skills because you arent be profitable when you dont have the capability on doing day trades.We do know how complicate this thing is.If you arent capable on doing this then this most likely to result on losing money in the fast possible time you can think off.

[BitcoinMarshal]

Day trading need these both things but skill is more important because you need some good study and research about things where you want to invest and its not going all with luck so skill is also very important coin trading is art and its need some more from you then other and luck is perception

[yohaneshs]

Day trading is a strategy to earn profit daily then you must looking chart as daily, hourly and maybe minutes. Skill is same like a long term traders, they still need technical and fundamental analysis.

[Activitycoin]

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

Yes for sure trading will imp[rove with time but you will have to get a lot of knowledge about it, if you want to earn with bitcoin trading then try to improve your skills about bitcoin, day trading has a bit risk so we will have to rely on our own skills, if we will use our knowledge for right thing then we will not lose anything but gradually our income will increase more and more, so try it, if you are skills and you know how to deal with the situations.

[fredo123]

I dont believe its a skill, for a couple of months investing in cryptocoin using chart, the result doesnt work,  The flow of cryptocurrency are unpredictable, I strongly believe it is by luck:)

[Indrawan77]

Of course trading need skill, you need to be able to predict the chart to speculate the price whether it will go up or down, it need analysing skill to do it, if you only depend on luck you will be gambling with your money, one day you will run out of luck, but if you learn trading with skill, you will get better and better and you can predict more precisely