Day trade is more a lucky thing or skill

[Compa]

Of course, a skill for day trade, you can't getting a lucky everyday man
you need a skill to do that and do not rely on luck when you trading in the crypto.

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[doycku]

Of course, a skill for day trade, you can't getting a lucky everyday man
you need a skill to do that and do not rely on luck when you trading in the crypto.

If you compare gambling and trading, then trading gives you the opportunity to earn more. And at the same time to control everything that happens. You do not need to talk about different strategies, because the only correct strategy is to buy cheaper, and sell more expensive.

[francis2]

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?

There is no doubt that trading can be a matter of skill but you need to be incredibly good at it and that is a level that is not very easy to achieve, the rest of the persons do not have the skill, the knowledge and experience to became good traders and for them earning profits in the market is more a matter of luck that it is of skill.

[bosimpson54]

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?

For you to be able to commercial day by day, you need to have a lot of ivory to combine with information market to be able to trade safely. It can be seen that the market is fluctuating continuously and difficult to guess, so tomorrow is always the best choice at the present time, can see that today bitcoin prices are fluctuating continuously and hard to guess.

[marsmyname]

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.

In my opinion holding bitcoin is better than day trading because there is lot of risk in day trading and you know the price is increasing day by day. It means that you will make handsome money against your holdings. Although trading has also a vast opportunities to make money but it is not so easy. Market analyses and experience is also required for a good trader.

[bitgolden]

Day trading is more of both skills and luck. You need the skills and you also need the luck, both of them are important. It’s just like when they say that faith without work makes no sense. That’s the same thing with having the skills and luck. Sometimes the luck is right there, but it requires the skill to discover that luck where it is. If you don’t have skills it takes to be a trader, you will end up with missing lots of opportunities everyday. So both of them are important.

[kidoseagle0312]

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 trade is a kind of skill for me, this is not a lucky thing due to if to other traders this is just a lucky things no wonder in the end they will loss a lot of money. Day trade is too risky if you don't have any idea about in trading.

[bitcoinking11]

In cryptocurrency trading, technical analysis often don't work, some time you have to be a bit lucky. It is more applicable as far as day trading is concerned. But there are other factors too, some time the market is more suitable for day trading and some time it is not. So, you have to keep that in mind too.

[anntlevel]

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?

Trading is a great option to make an investment. As we know that trading can give us many opportunities to make a profit. I already have a lot of experience and indeed indirectly that luck will also affect, maybe around 30 percent. But believe that data and graphics will determine what we get. Trading with focus and also good concentration will help us to achieve good results. Most likely trading is determined by our skill in predicting price movements.

I think that day trading depends on both skills and luck because if you have the skills to make your decision on the right time and right place and you are also lucky then no doubt that you will be millionaire in the future. Day trading is a little bit risky but you should take some risk to make money from trading. Trading is the most valuable and profitable business in the world.

[SixOfFive]

I think one needs technical skills and market knowledge for becoming a successful day trader. Yes, luck also matters in day trading but it’s not only a game of luck. I’ll suggest you to hold as it is a better option especially when you don’t have time to study the charts and graphs as you said. Without knowledge trading may give you huge losses.

[klasik1980]

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.

It’s not about luck that matters in trading but your behavior in analyzing the stock market. If you make a right move, nobody can stop you making money.

[noxpost]

Getting good at technical analysis can be kind of tricky, but it isn't outside of the skills of most - and there are a lot of free resources.

A couple of good resources to get started:
Technical Analysis – https://www.investopedia.com/terms/t/technicalanalysis.asp
Dow Theory – https://www.investopedia.com/university/dowtheory/
Margin trading cryptocurrencies – https://www.investopedia.com/university/margin/

Beyond that, understand that news trumps analysis, so you've got to follow the news closely if you want to day trade.

Of course, this is a good place to follow the threads for the coins you are interested in, but you can also look at sites like this:
https://www.coindesk.com/
https://cointelegraph.com/
https://themerkle.com/

If you really want to go through individual tutorials they are available, too - although it is on his Patreon, most of CryptoBall's tutorials are free:
https://www.patreon.com/cryptoball

If you read through those you will have a great understanding of how to get started. Then you have to decide if you will do it manually or with bots...a separate (but worthwhile) discussion.

[mike02580]

Day trading is all about Managing your risk, cutting your losses soon and letting profit trades run. I have been trading US stocks for years and worked at Prop Floor, Everyone gets their own style I been successful at trading opening gaps and it's my trading style, some traders trade at breakout and some do trade by looking at Prints(Tape reading). Day trading is not about Luck its all about risk management.

I May not be good at trading Cryptos Coz it's not my trading style I trade stocks with really tight spreads with High Volume, and again I meet a lot of traders who make money on spread betting. 

[KalaiBTC]

I would say that it takes more luck than skills to make huge profit from a day trade due to the volatility of the price.  You can be watching the chart and seeing a high,  but few seconds,  an all time high turns out to be an all time low, but many people still take advantage of the price swing to make themselves a reasonable amount of money.

Everyone has his own point of view and that we all need to respect each other’s opinion but the thing is you can never ever rely on your luck entirely to do anything which you want to do and that you must work harder to polish your skills in a better way which can then help you in an effective earning. You just need to stay firm and that you need to keep learning new things.

[LSt56]

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?

really, day trading covers all things and it can be skill and luck even insight and information is also included in it. so day trading is way more difficult but it provides many advantages.

[mammusu]

Lucky is not working for day trade, you can't get a lucky everyday
I think that day trade is a skill, need a skill for day trade to get a profit and knowledge of the crypto market.

[tesla80]

Getting good at technical analysis can be kind of tricky, but it isn't outside of the skills of most - and there are a lot of free resources.

A couple of good resources to get started:
Technical Analysis – https://www.investopedia.com/terms/t/technicalanalysis.asp
Dow Theory – https://www.investopedia.com/university/dowtheory/
Margin trading cryptocurrencies – https://www.investopedia.com/university/margin/

Beyond that, understand that news trumps analysis, so you've got to follow the news closely if you want to day trade.

Of course, this is a good place to follow the threads for the coins you are interested in, but you can also look at sites like this:
https://www.coindesk.com/
https://cointelegraph.com/
https://themerkle.com/

If you really want to go through individual tutorials they are available, too - although it is on his Patreon, most of CryptoBall's tutorials are free:
https://www.patreon.com/cryptoball

If you read through those you will have a great understanding of how to get started. Then you have to decide if you will do it manually or with bots...a separate (but worthwhile) discussion.

Thank you, that was helpful indeed.
TA is important, not always true but useful.

[Magiklair]

I think it is both, skills and luck. Moreover, the success of trading also depends on what you are going to trade. You should conduct research to know what is likely to bring you profit.

[damsix]

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?

1% for luck and 99% for skill.

the world of crypto is full of theatrical and intrigue. so each trader must have their own expertise.

- such as arbitration must be able to analyze inter exchange.
- when there is a new airdrop coin should be able to analyze.
- there is good news from the coin that can be up.
- and when there is FUD coin it can be down.

and there are still many tricks to be learned in crypto and it needs Skill.

[Linhkej]

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?

Investing is always based on skill and comes with some luck. When you're lucky, you get a bargain and your money will increase a lot. But based on experience, your capital will grow evenly and never stop. I think you should still learn more about investing.
You should still stick to long term holdings because day trading is quite risky and takes a lot of time.