Day trade is more a lucky thing or skill

[LodisMcguire]

Mostly is because of the skill to read chart and handle the news regarding the cryptomarket.As a daytrader,you must keep open your eyes to see where is the flow going.Luck is the part when you can gain profit before a big crash that no one can predict to happen.

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[apityeh71]

Day trade really hard to do it because we should know how much percentace in aday the price will change, to make profit from it will be just from combination of lucky and skill. So important to divide the money in to day trading and also swing trading, so we dont miss big profit when big pump coming.

[Dansamiv]

In my opinion, the effectiveness of day-to-day transactions depends a great deal on analytical skills, judgment, and experience. Sometimes, luck is just a part, it is always present in any type of business. . But it does not guarantee success and efficiency for day trading.

[husencoe]

Day traiding have more profite but you must have much time to analyze dan read the news to support you when you make decide. Crypto price is so vollatile, day trading can make you stuck when they down. For me, day trading is so risk and need more time to work.

[TheUltraElite]

In my opinion, the effectiveness of day-to-day transactions depends a great deal on analytical skills, judgment, and experience. Sometimes, luck is just a part, it is always present in any type of business. . But it does not guarantee success and efficiency for day trading.

Some crypto are always increasing or decreasing. Though I dont have that much experience in day trading I think the basis is that day traders would buy different types of altcoins and look to sell them as soon as possible on the smallest pump. If they have any insider news then they will take advantage of that but the timing is crucial. Being one minute late there can cost you a lifetime which is why its risky. More of luck-dependent.

Greater analytical skills would be needed in long term trading. The ability to analyze the market and understand the risk in long term.

[tesla80]

Day trading is not good for nerves, but it is profitable and more secure if you know what are you doing.
I prefer something like "week trading", I buy some coins and wait a week for profits with stop-loss.
I wish to have day trading skills but I don't

[cheezcarls]

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 would say that both skills and luck if you want to become successful in day trading. During the time that I have started day trading for the first time, I was a bit scared if I am gonna lose. However, I just adopted Warren Buffett’s “buy low, sell high” strategy in which I did won the trade in short. It was fun at the first, but I cannot afford to lose after that.

[letecia012]

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 don't agree that succesful day trading are just luck and not for skill as what your friends said. For me day trading need analytical skill so you may know when  is the right time to bought the coins and when to sold it is not purely luck.

[gabmen]

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 don't agree that succesful day trading are just luck and not for skill as what your friends said. For me day trading need analytical skill so you may know when  is the right time to bought the coins and when to sold it is not purely luck.

Yeah and you have to know which coins you're going to trade with. Day trading probably requires experience first and knowledge about which coins movement can be easier to predict. Luck is a part of it but experience has a heavier effect when you day trade

[Sinecoin]

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 definitely a skill that needs to be learned but there is definitely a portion of unpredictability that is involved.  The skills needed for day trading are the ability to predict the lows and the highs throughout the day and to be patient when things do not go your way.  With that being said, that luck aspect does come in because prices can move in a completely unpredictable direction that could leave you stuck in a bad position.

[vv181]

My friend told me that is just about how lucky you are, and not a skill.

I doubt your friend is educated about trading. Any type of trading is essentially requiring a skill and mostly experience. Both thing really help us in the trade.

So, should I stick with holding or playing day trade is a better option?

If you are still confused about which trading strategy that suit you the best, follow this simple steps. Make a two exchanges account. Then Use the first account to trade for long-term, and the second account for day-trading. And in the end, you will able to compare which method is the most profitable and suits you the best.

[sheenshane]

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 definitely a skill that needs to be learned but there is definitely a portion of unpredictability that is involved.  The skills needed for day trading are the ability to predict the lows and the highs throughout the day and to be patient when things do not go your way.  With that being said, that luck aspect does come in because prices can move in a completely unpredictable direction that could leave you stuck in a bad position.

You are right and not only skills in trading also strategies and technique on which much better altcoin you are going to pick in the marketcap.
In trading, you must have these characteristics, firstly Analysis to determine which prefer you can earn more profit, second is skills and strategies, these are applicable for those people willing to play the chart of value. The last one is self-control and emotion, mostly the side effect of this is panic selling.

[Qartersa]

I think it is both but more of you create your luck the more you are skillful. Ya hear me? There are times we need not make assumptions of some sorts by choosing among the options given us when we can ideally get all of them to be more lucky. Hence, I beg to disagree with all those who chose only one from the two options because rationally speaking, luck is what you make it. Be skillful for you to be lucky.

[squatz1]

It's a luck thing, you may stay lucky for a pretty long time but you're not going to be able to keep up the streak forever. Day trading with this type of volatility is going to be tough, sometimes it could be good to you and sometimes it would be catastrophic if the market goes the other way. I wouldn't do it.

Come here for the long haul and you'll probably do the best. If past performance works out then you'll really do amazing.

[Lodipetmalu]

Earning on a daily trade is more skill than lucky thing because on daily trade, you will not sell you coin on a loss. So you are using your skill on trading, the one lucky thing is the long term trade where you are aiming a high price in the future, if that become true then you were really lucky.

[marciks]

The only luck you need is to avoid extreme fast dumps that could end your entire balance 

[patykuprova]

Earning on a daily trade is more skill than lucky thing because on daily trade, you will not sell you coin on a loss. So you are using your skill on trading, the one lucky thing is the long term trade where you are aiming a high price in the future, if that become true then you were really lucky.

I don't agree with you my friend, so what happen if the coin that you're buying in your daily trade in the loss all day ?
After they day you have to sum up the result of your trade right ? I think daily trade need both skills and lucks also because you actually can't do anything without your lucks.

[Aprodite]

~snip~
My friend told me that is just about how lucky you are, and not a skill. 

I dont agree with your friend's opinion. for me personally, to get maximal results in trading, at least I need the skills to read price charts, and I also have to have emotional stability, because every decision that will be taken in the trade is always faced with risk. the more risky is the panic when selling and buying. So in conclusion, you must have basic skills in trading to maximize the results you will get.

[Harper6]

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.

Right there is no doubt that using crypto currency we cannot rely on our luck only, we will have to use our mind, our knowledge and the most important that we will have to use our skills, trading gives us profit but it takes time and I think day trading really needs skills not only luck, and according to me if we talk honestly then for day trading luck works as salt in the floor, but the whole other profit will be dependent on your skills and your knowledge.

[rommelzkie]

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?

Its both Skill and Luckyness on your chosen pair to trade.

Trading by using technical analysis will increase your profitability however it is not always a winning trade. You must know when to exit a trade when the price action goes against you. If you are lucky and entered on a crypto that is about to get pumped then your profit percentage will insanely increase.