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Author Topic: LUCKY?  (Read 313 times)

Offline BrandonHolly

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  • Scalper, still learning to trade.
LUCKY?
« on: May 23, 2019, 02:30:22 PM »
I've many people talking about getting lucky in their trading! Many people say like you need luck in Forex stuff etc.
I personaly don't believe in luck and do not put any % of my wins or looses on luck!

But it is interesting to hear you, traders: what do you think about luck? Is it work for you? ;)

Offline Ned12

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Re: LUCKY?
« Reply #1 on: May 28, 2019, 09:39:49 AM »
Sure, there is a huge part of luck in trading forex/stocks.
The point is in having a good plan called "what if" for every outcome 8)

Offline FLechdrop

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Re: LUCKY?
« Reply #2 on: June 03, 2019, 02:20:59 PM »
You cannot count on getting lucky. You can count on minimising losses.

Offline FxTS

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Re: LUCKY?
« Reply #3 on: June 04, 2019, 05:57:02 AM »
Luck is important in trading just as it is important in other sphere of our life. "Lucky" trader could earn substantial sum of money on one particular trade, but in fact the consistency of results iis much more important. The results of one trade mean nothing, it is much more important to stay in profit at the end of the month or the week. That is why it would be better to rely on experience and information, rather than luck - if we are speaking about the trading as a profession.
Education, Exploration, Experimentation

Offline BrandonHolly

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  • Posts: 32
  • Scalper, still learning to trade.
Re: LUCKY?
« Reply #4 on: June 05, 2019, 10:48:57 AM »
I think that even if luck exists and helps to get profit, firstly it is spontanious. It doesn't give any reason to think that you'll be lucky all the time. Secondly, even if luck exist, it only comes if you work hard.

Offline grobanjosh

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  • Mostly trade wih EA's.
Re: LUCKY?
« Reply #5 on: June 05, 2019, 11:07:23 AM »
Luck is when you accidentally submitted an order and instead of 2% have put 20%. And the price moved right where you thought ;D ;D

Offline Harmon

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Re: LUCKY?
« Reply #6 on: June 08, 2019, 03:22:24 PM »
Now that's lucky. I'm glad it went your way mate. haha

Offline Balanced FX Portfolios

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Re: LUCKY?
« Reply #7 on: June 09, 2019, 12:09:31 PM »
We all experience a certain amount of luck in our lives and our work careers. Look at all the people who took an early speculative bet on Bitcoin who are now millionaires in theirs teens and 20s. Then look at all the unlucky people who decided to invest with Neil Woodford's funds over the past couple of years (poor guy).  ;D

A long-term career in forex trading has little to do with luck and more to do with the years of study, hard work and commitment required to develop trading plans that can be used in a multitude of market conditions.

Sure, we all like to get lucky, but in forex that 's usually a bad thing and it leads to over confidence and complacency. It's when our luck turns bad that we really learn the important lessons in this game.
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Offline marcopiccollo

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Re: LUCKY?
« Reply #8 on: June 12, 2019, 10:03:20 AM »
We all experience a certain amount of luck in our lives and our work careers. Look at all the people who took an early speculative bet on Bitcoin who are now millionaires in theirs teens and 20s. Then look at all the unlucky people who decided to invest with Neil Woodford's funds over the past couple of years (poor guy).  ;D

A long-term career in forex trading has little to do with luck and more to do with the years of study, hard work and commitment required to develop trading plans that can be used in a multitude of market conditions.

Sure, we all like to get lucky, but in forex that 's usually a bad thing and it leads to over confidence and complacency. It's when our luck turns bad that we really learn the important lessons in this game.

Agree with you mate! There could be some moment of luck but it never leads to success!

 

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