Do you guys think trading is really more about luck?

Do you guys think trading is really more about luck? ... Luck is more of a factor than people think. If you get into a trade and it goes 20R I don't care what anyone says, luck was on your side. …

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At What Point Do You Consider It Skill Versus Luck? : R/Daytrading

3 weeks from now

Others like myself, I have a 85-90% win rate with consistent 1000% returns YoY but I'm not a big home run hitter. I hit base hits and I'm pretty consistent. So, they're can definitely be both, you …

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FAQs about Do you guys think trading is really more about luck? Coupon?

Is trading based on luck?

Trading is not based on luck. Although it is possible to 'luck out' on a trade, good traders find ways to eliminate luck from their trades and use strategies that have the odds in their favor. ...

What is 'beginner's luck' in trading?

The term 'beginner’s luck' in trading refers to profits made early on, which might coincide with a favorable market period. However, true trading skill is tested during both bull and bear markets. Traders need to adapt to changing conditions to minimize the role of luck in their trades. ...

Can a good trader/investor rely on luck in trading?

On the other hand, a good trader/investor can use a lucky trade to his advantage. It can give him healthy confidence, allow him to open larger positions without breaking risk management rules and increase his potential profits in absolute terms. It is still true that we cannot rely on luck in trading. ...

Is a trader's performance a summary of skills and luck?

The conclusion is that a trader's performance is a summary of skills and luck, the proportion of each unknown. So, it's not all up to us and the role of chance in our life can be big enough, even though we don't always realize that. Where does this idea can lead? It is abundantly clear is that one cannot rely on the mere luck while trading. ...

How do traders minimize luck?

Traders can minimize the role of luck in their trades by creating and following a well-defined trading strategy, backtesting strategies on historical data, diversifying across different markets, thinking long-term, and maintaining emotional detachment from individual trades. Diversification helps minimize the impact of luck by spreading risk across multiple assets or markets. ...

What is the impact of trading a lot?

The longer you trade and the more diversified your trades are, the less luck will have of an impact on you. Each individual trade involves a certain amount of luck. However, this element starts to wither as you make more trades. ...