Pat494
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Luck is definately real, I think.
Very occasionally some people have a life changing experience. Like meeting someone who can set one on a different but profitable track. Some by their attitude attract good luck and others with a mean disposition attract bad luck.
Very occasionally some people have a life changing experience. Like meeting someone who can set one on a different but profitable track. Some by their attitude attract good luck and others with a mean disposition attract bad luck.
Atilla
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That's right buddy. Suppose, you bought gold like earlier this year. maybe gold went up really and if you made a profit when you bought. Because you think people are scared, they buy gold. But, behind the fact is it really that way or not? the remaining 10-20% is always unknown.
Atilla
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That's right buddy. Suppose, you bought gold like earlier this year. maybe gold went up really and if you made a profit when you bought. Because you think people are scared, they buy gold. But, behind the fact is it really that way or not? the remaining 10-20% is always unknown.
People do not buy gold when they are scared!
If something is a fact there is no maybe about it. It either is or is not!
If you say there is 10-12% unknown what is the unknown? If you don't have the full story then facts are the 80% you do know! Maybe's are not facts.
Atilla
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Attila the trader
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wow quite a large number believes that no luck is required (accourding to this poll ) i think it is quite arrogant , for example you need luck to be safe from account destroying losses that are not pre defined by you strategy you could get destroyed by a flash crash that no body predicted or a company going bankrupt , IMO
Attila the trader
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whats wrong
Attila the trader
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people dont like to accept luck because they dont have control over it , it is just probability people prefer skill because you have more control over it and it could be acquired through effort and when things fail they can say that it happened simply because they haven't developed the skills yet .
Atilla
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Are you for real or are you a wind-up?
Attila the trader
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not interested in winding anybody up educate me if you will
Atilla
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LOL
Go back and read the thread. I think enough has been said.
Fact that you think people are arrogant for sharing their opinions contrary to your thoughts I find amazing.
Attila the trader
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lol i didn't say that having an opposite view is arrogant, i simply said that people who only appreciates one side of the argument and are hostile towards conflicting ideas are arrogantLOL
Go back and read the thread. I think enough has been said.
Fact that you think people are arrogant for sharing their opinions contrary to your thoughts I find amazing.
Felix_trade
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That traders trading without skills is wrong!
Trader H.C.
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I'll give it a 7.
Given that you have an edge over the market, you still can't control the outcome of i.e. your next 10 trades. We only know that given enough trades, we are going to win more than we lose.
With that being said, still, no one can guarantee that your edge still exists after so many trades in the future.
Experienced and skillful traders can take action to increase the chance, but there are still have a lot of uncertainty and risks involved.
Given that you have an edge over the market, you still can't control the outcome of i.e. your next 10 trades. We only know that given enough trades, we are going to win more than we lose.
With that being said, still, no one can guarantee that your edge still exists after so many trades in the future.
Experienced and skillful traders can take action to increase the chance, but there are still have a lot of uncertainty and risks involved.
Simionluca
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I feel luck plays an equal role as skills.
Very interesting topic and question. This depends on the slot machine, if it has buttons or not, to say if the user has influence on the outcome. If not, it is gambling and about luck, if there are buttons where the user can add his influence on the outcome, it is skills.
Visiting a casino, you have two kinds of slot machines, with and without buttons. The ones without buttons stand at the entrance, where you can win 1M$, if you are very lucky. The ones having buttons, are in an area at the back, full of slot machines having buttons, tall bar chairs with people sitting there all day, with bags of coins. They are professional "players", very skilled, accumulate coins during the day - and only "play" things where they have an influence and fair chance of the outcome. You will often find this type of players poker and blackjack tables.
Those on the roulette are,gamblers as they have no influence of the outcome, and the zero goes for the bank.
Now we can judge who is most profitable, the skilled player or the "very intelligent". Where I say the players always win over the "too intelligent". The smart always wins. For example many phd "too intelligent" have wasted years in brute force quant development getting nowhere, stuck in the details, forgot to think and be smart.
Financial trading is about to be smart and think, not about education. Is gambling if you do not have a qualified plan. Today´s financial trading is conceptual and not about math, programming, complex TA. Anyone able to think and be smart can participate.
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