Day trade is more a lucky thing or skill

[Ikeoto1]

Day trading is more of skills and less of luck. It is better to learn and know the strategies involved in it so as to reduce losses.

[Markperop]

Day trading is more of skills and less of luck. It is better to learn and know the strategies involved in it so as to reduce losses.

the most important thing is to know the theory and act in practice. Then you yourself can already navigate the market and minimize their own losses. Each trader has his own strategy. To study someone else's does not make sense.

[bhabygrim]

It is both of them when you are doing a day trade you would study the market or at least the coin that you would invest in.
So for me it is skill and luck sometimes you would be lucky sometimes you wouldn't.

[Kola]

Skills and your own experience are important. Luckily - it is only part of the commercial issue in the crypto market. Trading with charts and tools is always effective. Analytics have to help u alot too.

[RAMZA]

I tried and disappointed. You're just a pawn in someone's game, it's not much depends on you. It is better to buy reliable coins for a couple of years.

[LeaderAMB]

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. Similarly there are users who has lost big through trading because of bad luck. Skills make the user predict the market variations, but luck decides how much to be earned.

That’s right, I can’t agree with you more. Both luck and skill are reallly necessary for us to do day trading. As you know that cryptomarket is notoriously volatile, You will never know exactly how much you can earn from market, sometime you can lose or earn suddenly which makes you feel surprised and probably you don’t believe in your situation anymore. But I am still prone to skill more than to luck. Because as you know when you do day trading you actually need to get knowledge and also analyzing the market and so on. You will never reap fruits if you keep staying to wait the luck come to you.

[Ryanpogi]

you really are the skill .. according to the bible no lucky or bad luck. that's really up to you. so be confident to your self. thank you ..

[masterfulcrypto]

It's a mixture of both. But mostly patience. If you're not patient you'll more than likely lose more than you make!

[Nylelyn]

My opinion on day trading is that you need to dedicate the day to it
you need to watch the markets and keep up to date with news and
the trends and reactions to the news articles. The markets are volatile
so you need to be able to react to movements as they happen.

Yah I feel the same thing. Day trade is like a 24/7 job. You have to keep track from time to time to do proper actions on different condition and be updated. However, there are advantage and disadvantage on being on track always so it is very important to have patience and never get affected with your emotions.

[Finestream]

It's a mixture of both. But mostly patience. If you're not patient you'll more than likely lose more than you make!

Right.Day trading demands luck and skill and even patience.So if you think you are not so sure with it,just stick to holding.You will not be pressured because you only have to make sure that the price had surpassed your capital and then sell it.Take risks if its really needed,because you still have other options to still make profit.

[Scallywag]

that is not really true , that is just the case for the average person ( including me) .  there are some guys who make a living day-trading in the stock market , the same skills are applicable here. it just takes a very smart and skilled person to do it , it isn't as easy as simply buying red and selling green.

[angrynerd88]

You feel you have extraordinary skill and know the whole market deeply you can do day trade successfully.Some time luck works you invest and suddenly market go up but mainly skills needed which will help forever.

[nightways]

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.

I will never say that you can make a good earning and that too at time when you are busy in day trading by simply relying on your luck because luck is not the only thing which can help you earn money in day trading. There are so many other things as well which you need to learn like that of technical knowledge and awareness regarding the things and chart analysis and many others. You need to work on that too to make some positive results.

[verguat33]

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.

Yeah it is right that day trading is not skis but just luck because if the price increases you will earn money and if the price fall you will lose. There is nothing about the skills in day trading. Skills can be used in other types of trading but not in day trading. You can search market data for day trading results. It clearly defines that one can make money only luck favors him.

[beccer]

day trading requires skill and fortune, we have to really know when it's time we buy other than that also need our guidance so we do not fall into the deep hole and lose our money

[Armstand]

You feel you have extraordinary skill and know the whole market deeply you can do day trade successfully.Some time luck works you invest and suddenly market go up but mainly skills needed which will help forever.

Timeanagement and timing includes in skills then we can really say that skills matters, when we know how to manage our coins and knew that it might be the time then we will be able to earn.

[yohaneshs]

Both is needed. Without luckies you will have a bad days and it's not good for a businessman like traders.
Skill is more important because you must learning and trial error as your experiences. To get a lucky, i think we must praying to God before starting a business.

[Apened]

You feel you have extraordinary skill and know the whole market deeply you can do day trade successfully.Some time luck works you invest and suddenly market go up but mainly skills needed which will help forever.

Timeanagement and timing includes in skills then we can really say that skills matters, when we know how to manage our coins and knew that it might be the time then we will be able to earn.

Skills may work on everything then some of the inevitable situation that luck can be a good entry or exit while having our own perspective to enter then suddenly some happens for good and some are for worst i think that luck works in that way. Time management and coin management it is the thing no matter how many coins you are holding how good you are of being a trader but if you cant handle some of your coins then it not cool.

[ahoenk]

Day trading is combining lucky and skill. Skill still needed and lucky too. Skill for entering market and making decision which position we need to take. And the rest is luck. If we are unlucky we will always wrong to take the decision. And if we have not any skill its mean we can not trade. We can not count the trading fee, lose and profit.

[bitcoinmasterlord]

Day trading is combining lucky and skill. Skill still needed and lucky too. Skill for entering market and making decision which position we need to take. And the rest is luck. If we are unlucky we will always wrong to take the decision. And if we have not any skill its mean we can not trade. We can not count the trading fee, lose and profit.

To do day trading you must need special skills even a normal trader can also can't handle that pressure, skills will take a major part in day trading. but luck is also important sometimes luckily you will make an unbelievable profit from some coins. only your luck can help you to make an everyday profit in day trading.