Day trade is more a lucky thing or skill

[sabarr]

I think both are very in need because we also need luck to be able to gain profit in trading although the actual skills and knowledge about trading is more important so we know what to do in trading

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[shelimy]

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.

[shirackjs]

IMO, you need to be skillful to be successful in crypto day trading. Luck might play a part but it is not good to depend on luck. It is more like gambling if you depend on luck for trading.

[canadinhano]

it seems like daily trading is more skilful than just a lucky factor because with good skill you can determine the right time to buy and sell and it will be very easy if you have a lot of capital.

In my opinion, good skill requirements are a part but luckily, if the market keeps falling the daily trading will fail 100% definitely. There is no way to change that, depending on the time that you decide to invest day or hold on for a long time, depending on your personal opinion.

[otundebis]

Skill is the number one reason why you make profit in the cryptocurrency market!  You must be pretty smart to trade,  position your trade and decide the trend and speculate accordingly.  A bit of luck do play out as well!

[GeniusAko]

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 is a skill, daily trading is not easy job because of the volatility of the cryptocurrencies. Daily traders should have technical analysis skills for them to easily predict the price of the coins.

[WilliamBratsky]

Luck is a small factor in trading but it can make a huge change in some situation. However, in day trade, I believe that skills are the most important things you need to have. If you do not have skill or experience, do not ever make a day trade. It can destroy your balance less than a month. Without any skills or experience, day trade will become the same as gambling. And you know, people are addicted to gambling although they always lose their money. If you also consider that most swing trades are done by AI today it is not really worth it IMO.

[SkustaClee]

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 are a lot of benefits that you can get by improving your skills, I prefer to you to read different posts in this forum for you to easily improve your skills that you can use in order to grow your investment.

[Activitycoin]

I agree with this anyway, daytrading is very risky, but profitable.
If you do not know how to trade, just do not try to trade because you are going to lose a lot of money at the end.

For me day trading is really need skills because if you dont have skills in trading i am sure that you will lose a huge amount of money, and day trading is not an easy job so i believe that it requires a good skills in trading to be successful.

40% of day trading is technical knowledge, the other 60% is luck factor.

Well it think day trading can be done well with the combination of both but of curse skills has vital role in making profit high, if you will rely on your luck entirely the  your cannot be good at profit making and if you have no nice luck even then you cannot earn good amount of profit, actually luck helps you to make profit but your skills tells you when to buy and when to trade, you will better know what you should do at time of crises in trading as all kind of situations we face but a skillful person can only know how to take advantage of each.

[bennie4]

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 you can not rely on luck to be able to hope for successful trading, you can see that the market in recent days is constantly fluctuating and very difficult to guess, so to be able to trade successfully is very difficult. You can see that the wall is constantly moving so you need to analyze accurately and always follow the bitcoin price changes to handle every situation.

[heninur]

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?

being a daily trader certainly takes time to focus on the trade, as you need to monitor market price developments every day, if you miss information then you will not benefit.
if you feel you do not have time to play with graphics, then I suggest you do not do daily trading, because you will more often experience losses.
in trade, what is needed is a focus not a skill, even though it all returns to our luck.

[legendbtc]

Depends on the situation and planning we have designed because most of the people failed to make profits through day trading because of sudden increase in the price and sudden drops in the price. So as a trader, we have to be very careful when dealing with the day trading.

[bncbnc]

it seems like daily trading is more skilful than just a lucky factor because with good skill you can determine the right time to buy and sell and it will be very easy if you have a lot of capital.

In my opinion, good skill requirements are a part but luckily, if the market keeps falling the daily trading will fail 100% definitely. There is no way to change that, depending on the time that you decide to invest day or hold on for a long time, depending on your personal opinion.

Luck is always there in every field of life, but still we have to work hard, day trading is somehow depending on our luck but still you need to have good experience in day trading and must also have some good day trading skill, which can also effect your gambling performance too much. So i think that both are importance to for day trading.

[htconem7]

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 firmly believe that with a market that is constantly volatile and difficult to play today, it is possible for a successful trading to happen, you can see that bitcoin prices are fluctuating. Continuous and unpredictable, this has greatly affected the price of altcoin. So I think you should wait for the market to stabilize more to trade.

[thanhphank34]

Skill - You need to pay attention to the new and analyze.

[simpleholmes]

I guess it is related more with a skill than a luck because if you are able to analyze the volatility of that coin the low price and the charts than you give so little chance to the luck.

[Catmony]

I think it is like mix of luck and skill but mostly it is related with your skill. You should be able to read the trading charts and make your moves, if you just trade out of your emotions or guess than yes luck will matter.]

Cryptoworld is full of uncertainty so even elite traders might have to change their minds in mid of trading if some news/updates pops up out of nowhere.

[tuliobrothers]

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 trading is more on skills and with a little bit lucky charm. Maybe,  we need some prayers to guide us with our decisions.  Trading is not easy and it is very risky.

[Jupeter]

I think both are very in need because we also need luck to be able to gain profit in trading although the actual skills and knowledge about trading is more important so we know what to do in trading

I am really sure thing that day trading is not more in lucky thing, i am sure that in day trading people should  have a great skills in trading to became very successfu and became very profitable in day trading.

[syahril husen]

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.