Day trade is more a lucky thing or skill

[cheeseandcrackers]

I'd say it's both, but way more skill than luck.  You can't really know for sure what will climb and what will fail, but you can make really educated guesses.  It's important to know what projects are aiming to do, what the market is like for whatever idea they're trying to create, things like that.  Rumors are pretty helpful too, even if they aren't true if enough people hear about it it makes it true, but that's a whole different discussion.  Luck plays a role, but knowing what you're trading is the most important thing.  Reading charts is pretty damn important as well, knowing where prices form bases that they'll need to break through in order to rise/fall further. 

It's also skill to be a master of your emotions.  You have to go in knowing that sometimes things will go down, and it takes discipline to stay in with a project when it's down.  Time and time again most projects will drop, and then climb again.  You can't let emotions govern your decisions in this space, you have to check them at the door and act logically.  That is really difficult for most people to do.

[mrproblem]

If you are unlucky and you have skills then you can do good things also overall.
If you don't have any skill and have some luck you can only win during bullish market

[Felimon]

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

Yeah, 80% success in trading is analysis charts, news and just less than 20% is luck. Most of professional traders don't believe in luck and they try hard to learn, analysis information each day.

[Sanjeewa101]

I think right coin always make a win because of time expire is not an option in cryptocurrency. If you choose right entering point day trading you will win, if not you should hold.

[robotrobert]

It is all about cool blooded skill. If you can read the charts properly and you can avoid being affected by emotions, you can do well. Of course, luck can always help.

Day trading is no doubt one of the most difficult job to do and that you need to have lot of skillset and a good amount of knowledge if you want to make some good earning while being in it. Luck also plays its part but there is no way that you can rely on luck entirely. You need to put in lot of efforts to learn as many things as you can because this will help you in making a better decision.

[ymirymir]

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?

As for me, it is both skill and luck that matters in trading. We won't be able to do a task like trading if we don't have eniugh skills and knowledge about it and might lead to mess if we don't do it appropriately and with the combination of luck, things in trading would be way more easier and profitable.

[proTECH77]

I won't really say that day trade is a thing of luck. Despite the fact that the future outcome of the market cannot be exactly precise as to what value it would be, it can be said that analyzing and studying of the market gives u a guide to know the direction of flow of the market

[Rollkal]

Now that luck is no longer able to generate income for you anymore, we invest in the Crypto market based primarily on existing experience to be able to predict the development trend of the coin. So be the best trader you can.

[Google+]

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 daily trading prefers luck and skill in reading market condition situation because if you can not read market condition then you will surely be difficult to apply daily trading and surely you will often get stuck in some coin because of its lack of skill, whereas if you are lucky then you can always be right and can benefit very much from the situation.

[Caladonian]

Now that luck is no longer able to generate income for you anymore, we invest in the Crypto market based primarily on existing experience to be able to predict the development trend of the coin. So be the best trader you can.

It's based on how we treat and trust the project that we support, I see those people who treated trading as business and really explore a lot
already gained more than what they expected, day trade can be done properly and if you know how to deal with this system then its not all
about luck but skills to adopt in any situations.

[liivii]

Good monitoring is one of the skills you need in order to have a good result in day trading but it's hard to master so you need to experience first the good and bad outcomes before you master it. Timing is another factor to consider in trading because without timing you will surely lose all of your money of a wrong decisions you will made, so good monitoring and right timing together with some luck are the best recipe to success in day trading. So if you think you have these qualities then day trading will be the best option for you to earn huge amount of money in crypto world.

[BobBct]

For me trading is all about skills and only a bit of luck because if you see people in the casino they are called gamblers and don't have any technique to actually win there which only gives them a 1-10% chance of winning.

[gerad09]

Ofcourse there is also a luck involved in the Day Trading. As if you are not a whale then you never may know if it dumps or pumps, like you can't predict the exact times to buy and sell. But as already said in this thread you just need to follow the news and stay awake all day long

[daxiake]

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 is just like gambling, when you win you win big and when you lose you lose big. In my personal experience, a day trader may win in shorter period of time but in long run day trader always lose. As you can't be lucky all the time. My advice is to stay away from day trading, study the market carefully and always invest for long term.

[drumamat]

According to statistics, those who hodl tokens earn much more than traders. Although there are different cases and situations in trading.

[SyrulRamadhan]

Daily trading is very risky because it can make you will panic when the price goes down and also some of my friends say daily trading will interfere with your health because keep watching the market is bad hahha. I recommend playing longterm better it will produce something more 

[Ridwan Fauzi]

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:)

Of course you do not believe because you are not a trader. Everything takes effort, lucky it will only happen every few years. Charts will help you to make a decision, because a strong groundless decision is foolish.

I am not a reliable trader, but with my knowledge of trading though a little will always make me more relaxed in buying and selling decisions.

[Ridwan Fauzi]

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:)

Of course you do not believe because you are not a trader. Everything takes effort, lucky it will only happen every few years. Charts will help you to make a decision, because a strong groundless decision is foolish.

I am not a reliable trader, but with my knowledge of trading though a little that will always make me more relaxed in buying and selling decisions. Because mental will determine to get profit or lose.

[supermine]

Skill is the main factor needed in trading,the skills may give you the profits once or twice but if you want to be a successful trader then you need to have the skill,knowledge,strategies and all other things importantly decision making skill is needed.
But day trading is more riskier than other kind of trading because of coin's price swing a trader may face losses in terms of USD if the price falls.

[darewaller]

A bit of both but if you’re not a whale you can’t control the market so it’s inevitable you’re going to make wrong calls. My advice is just to HODL until after the nexr halving, the price SHOULD be significantly higher then.

Whales are market makers and they are far from the main day traders. Day traders look for pattern in the market in that short period and try to trade to the reaction at that period in time. Whales usually making market movements and within those movements day traders make their trades.

As far as I am concerned, even if there is luck at all, it is just a little bit like you have said, but the rest is based on skills and knowledge of the trader as you have to be focused on the monitor and always know what to expect at certain point in time which anyone obviously will not be able to do without skills.