Trading is based on probability.

[kolbalish]

I endorse that trading is sure of on probabilities. Because when we inaugurate a business or trade or hold whatever we do, we do everything on the resilience of the possibilities. But we render decisions based on such circumstances. When we hold, when there can be profit and when there can be a loss, we reach a doorstep from these circumstances. Everything is depending on probability, including trading.

[durilup]

If you are talking about a normal stock trader I could somehow agree with your opinion but I think that being a daily trader in cryptocurrencies is complete different because the volatility is high

[South Park]

A lot of people do not want agree that surviving in the market today requires every trader to come to terms that they are trading on probability and at every moment of the trade there are series of different possible outcomes.

As a trader, the best you can do is find the most likely scenario based on the data you have and understanding the risk involved too.
Choose the best probable outcomes that favors you to avoid stories as rekt.

While you are correct very few people have the capability of thinking like that, whenever they make a prediction they think that prediction needs to come true however we know that is not the case, we know that if you predict the price is going to go up it could always go down for reasons that are impossible for you to understand and you just need to accept the outcome and accept that particular trade is going to be a loss but very few people have the maturity to do something like that.

[beerlover]

Basically it's about a prediction and any analysis can be done but indeed, even when a prediction is released from an influential person it still doesn't guarantee the prediction will actually happen.

Influential people are known for moving market with their followers/fans club. I mean if your having big subscriber base and you are releasing some prediction about market movements then regardless of whatever conditions of market, those huge subscribers will be making those prediction true because they got the enough potential to manipulate the market directions. This is usually happening in this crypto space because crypto space is still lagging in volume compared to how forex and stock markets are doing.

I think that being a daily trader in cryptocurrencies is complete different because the volatility is high

Volatility is the thing which makes us to assume about trading is purely based on probability and not based on any of the mathematical functionality. Cryptocurrency market is volatile because whales are still manipulating direction for their own benefits. When crypto trading is still getting impact by its volatility, it is highly recommended not to do day trading here.

[semobo]

Not really the probability because it the outcome maybe anything even something unexpected that no one expected, but it is somewhat true trading is based on the data we have an analyse the possible outcome at the market situation.

[lixer]

Basically it's about a prediction and any analysis can be done but indeed, even when a prediction is released from an influential person it still doesn't guarantee the prediction will actually happen. So that in this case trading is based on probability, at the same time at least a trader must have the ability to overcome losses, all of which are basic things that must always be aware and full of consideration.

Almost any business and anything we do have a probability and chance element associated with it. The important part is to analyse how much is the favorable chance as compared to the possibility of the unexpected to happen. That is how traders work, they will make bad trades initially but as we learn with time we make a habit of making good trades. Good trade is nothing but higher chance of profit so even there is a possibility of loss but because you are making numerous trades so the law of averages would always favor the better trades for profit.

often times gambling and trading are put in the same category but people forget that while gambling gives you the ability to analyse (sports betting) it also carries a massive house edge which is why gamblers loose, in trading there is almost no edge apart from the platform fees which we use for trading.

[South Park]

Almost any business and anything we do have a probability and chance element associated with it. The important part is to analyse how much is the favorable chance as compared to the possibility of the unexpected to happen. That is how traders work, they will make bad trades initially but as we learn with time we make a habit of making good trades. Good trade is nothing but higher chance of profit so even there is a possibility of loss but because you are making numerous trades so the law of averages would always favor the better trades for profit.

often times gambling and trading are put in the same category but people forget that while gambling gives you the ability to analyse (sports betting) it also carries a massive house edge which is why gamblers loose, in trading there is almost no edge apart from the platform fees which we use for trading.

Exactly, trading like any other skill will take time to be learned correctly, but one of the great things about technical analysis is that allows you to see many instances in which a particular pattern presents itself and then you see the price behaving in a certain way, while the market is not going to move 100% of the time in the same way you can find patterns that gives you a high probability of winning your trades and once you can do that the only thing you need to watch for are your money management skills.

[orengitu]

Even though it based on probability it's doesn't mean that everything is based on probability, if you study the market very well you will increase the chances of gaining and not loosing.
There's some things that have to be observed before trading, someone can't just go into trading because they said it based on probability the person will eventually loose everything.
Before you go into trading do the following
Study the market very well
Gather informations and knowledge on trading
Take a step at a time

[DarkDays]

If you are talking about a normal stock trader I could somehow agree with your opinion but I think that being a daily trader in cryptocurrencies is complete different because the volatility is high

I somewhat agree. In my opinion trading is not so much based on probability like gambling is but more about reading and predicting what the market will do. Unlike gambling where you can't really tell from the outcome of previous games, there is so much you can determine from looking at progression graphs.

Because of the amount of data available to help you strategies a decision for me trading doesn't so much resolve on probabilities but understanding and predicting.

[Zanab247]

Trading is different from other society activities that you can just join today and start doing the right thing with the group in the society. Trading is a system every buyers or sellers will really try to understand very well in the market. There are two things involved in trading in the market, either you gain or you lose in the market, that is the two things involved in the trading spirit which every trader must be aware of before joining the forum to trade in the market.

[angrynerd88]

Professional  dealer will continuously guarantees that the odd or likelihood is on their side coupled with great exchanging methodology a tall chance to compensate exchange put such a trader' s likelihood of making benefits in spite of a few misfortunes in a positive side. The showcase is erratic subsequently their diverse result in term of making benefit whereas a newbie will adhere to buying moo and offering tall wart outlined within the chart above clearly may be a exceptionally straightforward strategy of exchanging which have a positive result.

[Issa56]

That's just the fact trading is definitely probability nobody is sure about what will happen to a coin after buying it but you just hope the price will increase after buying!!!

[Hamphser]

That's just the fact trading is definitely probability nobody is sure about what will happen to a coin after buying it but you just hope the price will increase after buying!!!

We are indeed into that probability area when we do deal with Trading.Price movement cant be known and this is why technical and fundamental
indicator exist because of this due very reason.If the market had been predictable then no people will really be engaging or simply lots will be
rich since they do know on where price do go and make money with it.In common sense thing then its really impossible to see these things
or wont really exist from the start if it s predictable.We wont really be presuming numbers if this isn't basing on probability.

[gamer4156]

Everything including getting more cash is about danger taking thus exchanging ought not be any extraordinary. I consider most dealers don't generally figure the likelihood prior to exchanging. They are bound to utilize their genuine encounters, proficiencies, investigating aptitudes to comprehend the circumstance.

[Benefactor]

Everything including getting more cash is about danger taking thus exchanging ought not be any unique. They are bound to utilize their genuine encounters, familiarities, breaking down aptitudes to comprehend the circumstance. I make the most of the open doors accessible with exchanging information that I need to boost exchanging pay. Retail merchants who keep on losing their cash just make the most of chances without anticipating what will occur after the open door is taken.

[maldini]

There are obviously occasions that impact and the market, and there are every now and again rehashing designs that can be utilized for your potential benefit. There is a likelihood that it might succeed or not. Everything including getting more cash is about danger taking thus exchanging ought not be any unique.

[LimLims]

That's just the fact trading is definitely probability nobody is sure about what will happen to a coin after buying it but you just hope the price will increase after buying!!!

IMO, the statement you have made is not appropriate.
Not only probability, trading is also based on estimation.
If you made a good estimation and prediction while choosing the perfect coin, then surely you will get profit from it.
Moreover if we always rely on probability and future without knowing about the fact of action then surely we gonna fall in lose.
So i hope the OP got the correct answer also.