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Luck or Hard Work?
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Dorigda

Member Since Apr 15, 2020  63 posts Dorigda Jul 02 at 06:09
You will not get far on one luck, so you will have to work here.

lavis_book

Member Since Jul 09, 2019  34 posts lavis_book Jul 02 at 06:16
No luck can be on your side until and unless you work hard. Forex can only be mastered if you have that passion and put your sweat in learning. Luck can only favour you once or twice, but your hard work is never gonna go in vain.

IvanMelnik

Member Since Jul 09, 2020  24 posts IvanMelnik Jul 10 at 09:04
Hardwork is most important but i also believe luck is also a very important to consider.

SingaporeQuant

Member Since Apr 28, 2020  8 posts Green Wolf (SingaporeQuant) Jul 10 at 16:35
Funding (Stake Alpha, FTMO, TopStep etc)
Risk Management (R system)
Consistency (Watch your drawdown!)

Good trader are guaranteed to make money. More volatility = Luck.

Consistency and Risk Managment.
jamrancid

Member Since May 17, 2018  1 posts James Meilak (jamrancid) Jul 10 at 21:07
Thorgaswyn posted:
Hi! I think you underestimate the role of luck in trading. In order not only to become, but also to remain a profitable trader, you can't do without luck. Yes, you need to learn and remember a lot, a lot of practice and other things, but you definitely can't do it all without luck.


Luck would imply that you're going into the market with no plan.

Measuring the likely probability of outcome by backtesting is what will give you a system that works.

You need to be so confident in your strategy that even if you had a 'bad year' you would still make some money.

consistency has no limits
Yozuru

Member Since Apr 18, 2019  16 posts Yozuru Jul 17 at 17:11
I agree that hard work is very important in trading. But it doesn't give 100% success, the maximum is 80%. The rest is discipline, knowledge and of course luck. Only with all these factors in mind, a trader can become profitable and successful. Hard work alone won't give you all this.

ElliotCooke

Member Since Jul 20, 2020  138 posts ElliotCooke Aug 04 at 11:15
As a trader, I can say that you need both of them to become successful in this platform. Because only hard work can not bring success if you don't have luck. On the other hand, only luck can not make you successful without hard work. So, both are equally needed to become successful.

cardigan

Member Since Jul 27, 2020  56 posts cardigan Aug 05 at 07:43
I think both play a factor in determining your role in trading.


Member Since Aug 04, 2020  8 posts Aug 05 at 09:02
I got lucky end of 2013 till 2014 August I made 7K to 162K and than luck fly from window. I lost in 9 days 85% of capital but I get lucky again and I let that pain transform myself to became better trader. So the question is how long time you want to stay in trading? if it is short period than you can rely on luck made money and with correct timing, you can take the money and run never look back. But if you want to be trader until end of your life, if trading is your thing, than you can not rely on luck because it comes and goes.

Here is the good news, if you are hard working even when you do not rely on luck, in anyway it helps to you even in magical way. For example they as to Warren, is luck important and he answer that 'I got lucky to born in USA, 4% chance and If I get Harvard I would never meet with Graham'

Everybody needs a little luck but it is better not lean on it.

Andronn

Member Since Jun 30, 2020  34 posts Andronn Aug 05 at 10:00
To a greater extent, we can say that this is hard work, well, and luck plays a role.

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