Luck vs Trading

Discussion in 'Trading' started by colonial dr, Nov 12, 2012.

  1. #11     Nov 18, 2012
  2. Bry

    Bry

    I guess you've never heard the adage: "luck favors the prepared."
     
    #12     Nov 19, 2012
  3. the1

    the1

    A lot of truth to this.

     
    #13     Nov 19, 2012
  4. zadd

    zadd

    Hey
    I totally agree that there is a bit of luck involved whenever we do trading or any other task but the interferance is limited if we use our skills at the best we could achive well anyway...
    Forex-metal
     
    #14     Nov 20, 2012
  5. Positive expectancy only lasts until "they" figure out what you're doing.
     
    #15     Nov 20, 2012
  6. Klemen

    Klemen

    Useful strategy and info... Thank you
     
    #16     Nov 20, 2012
  7. HSbF6

    HSbF6

    The longer I play the luckier I get, and the more time my counterparties have to make mistakes that make me look even luckier. I must be the luckiest man on Earth.
     
    #17     Nov 20, 2012
  8. zadd

    zadd

    well as a human being i truly believe that luck is involved in every task but that does nt mean that one must totally rely on luck, we must make our best efforts with complete presence of mind to achieve the best possible in trading.
     
    #18     Nov 20, 2012
  9. zadd

    zadd

    luck has always been an inevitable part of a persons life. be it trading or real life luck is always involved but what we can do is use our wits to the fullest and make the best use of opportunities avail.
    forex-metal
     
    #19     Nov 20, 2012
  10. First, read this, its long but worth it.
    http://www.wired.com/wiredscience/2012/11/luck-and-skill-untangled-qa-with-michael-mauboussin/

    Then, listen to this to understand the difference it more on a personal level
    http://traderkingdom.com/trading-ps...1-the-missing-piece-to-the-trading-puzzle-you
     
    #20     Nov 20, 2012