Skill or luck?

[chongjasmine]

What is trading more associated with? Is trading about skill, or is it about luck? What do you think?

 

[Quantt]

What is trading more associated with? Is trading about skill, or is it about luck? What do you think?

If you are to survive long term, definitely a skill is needed...

 

[BigDeal]

It's all about understanding probability, which, in truth involves a bit of both

 

[Quantt]

It's all about understanding probability, which, in truth involves a bit of both

This is very well said...

 

[timsk]

It's all about understanding probability, which, in truth involves a bit of both

Yes, probability is important, but the key thing is to have an edge. That's what separates the winners from the losers. Think of a roulette wheel. The casino's edge is the white zero slot: that's what ensures they make good money over time. The result of any one spin of the wheel is luck which, occasionally, favours the punter. Over time though, the punter will lose all their money to the casino.
Tim.

 

[barjon]

Call it luck, call it skill, call it an art - it’s deciding when to get in, when to get out and when to cut losses that matters.

 

[timsk]

Crack open the fizz everyone - Jon's back!

 

[barjon]

Hi Tim and all, hope everyone is keeping fine and dandy and raking it in. You may have guessed I stopped day trading some time ago - lost the concentration and stamina for it - hence my absence.

 

[counter_violent]

Crack open the fizz everyone - Jon's back!

I'm glad Jon's back, hopefully he can sort you're head out over Ukraine. 🇺🇦

 

[timsk]

I'm glad Jon's back, hopefully he can sort you're head out over Ukraine. 🇺🇦

Given the legion of evidence that overwhelmingly supports my viewpoint that's accumulated while Jon's been away, I have every confidence that he will have done a u-turn on his previously held position, much as I did back in the heady days of Brexit - when I went from taking the pi$$ out of hard line brexiteers like you - to becoming a staunch advocate of leaving the EU.