NexusFi: Find Your Edge


Home Menu

 





Do you believe in luck in trading?


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one dario1 with 16 posts (0 thanks)
    2. looks_two Big Mike with 10 posts (4 thanks)
    3. looks_3 Jedi with 5 posts (4 thanks)
    4. looks_4 GaryD with 5 posts (2 thanks)
      Best Posters
    1. looks_one trendisyourfriend with 5 thanks per post
    2. looks_two websouth with 2 thanks per post
    3. looks_3 Jedi with 0.8 thanks per post
    4. looks_4 Big Mike with 0.4 thanks per post
    1. trending_up 23,233 views
    2. thumb_up 30 thanks given
    3. group 10 followers
    1. forum 57 posts
    2. attach_file 0 attachments




 
Search this Thread

Do you believe in luck in trading?

  #11 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012


wldman View Post

Maybe not a best practice but I'd consider that something else having to do with your specific acuity especially if you repeat it all the time.

something else like: experience, ability to observe & learn quickly?
--what else could be?

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Futures True Range Report
The Elite Circle
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Exit Strategy
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #12 (permalink)
 
ThatManFromTexas's Avatar
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
Posts: 2,265 since Feb 2010
Thanks Given: 1,206
Thanks Received: 4,348

Luck is when preparation meets opportunity....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
  #13 (permalink)
 esnq 
Montery Park CA
 
Experience: Beginner
Platform: TradeStation
Trading: NQ
Posts: 19 since Aug 2012
Thanks Given: 17
Thanks Received: 4


In day trade? I guess not.

Reply With Quote
  #14 (permalink)
 
bnichols's Avatar
 bnichols 
Dartmouth NS
 
Experience: Intermediate
Platform: MC, MC.Net, NT, TWS
Broker: IB / IQFeed / Kids
Trading: Forex, stocks
Posts: 637 since Feb 2010
Thanks Given: 64
Thanks Received: 460

Definitely not.

Well...maybe bad luck, which is what you get when lack of preparation meets lack of opportunity

Visit my NexusFi Trade Journal Reply With Quote
  #15 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012


esnq View Post
In day trade? I guess not.

I disagree

-- just buy one contract without preparation
wait 10 min and sell it
if profit = good luck
if loss = bad luck

Started this thread Reply With Quote
  #16 (permalink)
 
ThatManFromTexas's Avatar
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
Posts: 2,265 since Feb 2010
Thanks Given: 1,206
Thanks Received: 4,348


bnichols View Post
Definitely not.

Well...maybe bad luck, which is what you get when lack of preparation meets lack of opportunity

Actually... lack of preparation will pretty much decide your fate ... period ...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
  #17 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536


dario1 View Post
I disagree

-- just buy one contract without preparation
wait 10 min and sell it
if profit = good luck
if loss = bad luck

If you do this you are just a gambling, not trading.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #18 (permalink)
 
Jedi's Avatar
 Jedi 
SF Bay Area
 
Experience: Advanced
Platform: Sierra
Broker: Multiple
Trading: CL, ES
Posts: 564 since Nov 2011
Thanks Given: 546
Thanks Received: 594


ThatManFromTexas View Post
Luck is when preparation meets opportunity....

Every trade set up is nothing more than positioning to get lucky.. so luck is def involved, but the ability to recognize opportunity and to position for it takes skill, so its both.. You cant deny the luck element or it would be saying you have control over the market by your skills..

Reply With Quote
  #19 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012


Big Mike View Post
If you do this you are just a gambling, not trading.

Mike

but trading is bit like gambling
--you're making a bet that what you believe will be true in the future
and you don't know what future will be
D

Started this thread Reply With Quote
  #20 (permalink)
 esnq 
Montery Park CA
 
Experience: Beginner
Platform: TradeStation
Trading: NQ
Posts: 19 since Aug 2012
Thanks Given: 17
Thanks Received: 4



dario1 View Post
but trading is bit like gambling
--you're making a bet that what you believe will be true in the future
and you don't know what future will be
D

I always say that trading is not gambling in front of my family. hahah..

Reply With Quote
Thanked by:




Last Updated on August 30, 2012


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts