Quote from: fingnome on Today at 04:49:27 PM

Quote from: lienfaye on October 15, 2023, 12:26:55 AM

Quote from: Lida93 on October 14, 2023, 03:51:41 PM

Coin flipping has so much to do with luck and with little or no skill at all whereas in day trading you can't just open a position to trade hinging on luck there must be an applied skills from a long time built technique.
I have learnt a number of lessons from my losses in gambling but I can't say I can depend and work with the experiences of those losses to make profit in subsequent bets but for trade the more experience and knowledge you possess the more chances you have of making profitable trades without having to be lucky at it.

Exactly, that's their difference. Experience in luck based games (or in coin flip specifically) doesn't increase your chances to profit the next time you gamble again. Because there's no skills that can help you to win, thus regardless of what you do the result will still depend on your luck.

While on trading, experience can help you to improve, this can increase the possibility to profit next time since you gained knowledge already from your past experiences. Although it is also risky just like gambling, but trading doesn't solely relying on luck. The more experience you have, means you already learned something, it could be another knowledge or strategy.

Given that trading experience can supposedly increase one's chances of profitability, how do you account for seasoned traders who still face unexpected downturns? Isn't the market's inherent unpredictability a form of luck in itself? Additionally, do you know any traders who, through gaining experience from their trades, consistently achieve a stable positive return?

I supposed what you mean by seasoned trader is akin to consistent trader and for the fact that they are consistent traders doesn't make them win all trades because the market is unpredictable but it gives them an edge in winning more trades than they would lose. The unexpected downturns results from the market sentiments that is beyond the trader's control and it is his experience that helps him beat these sentiments to make profit for in trading without experience you can't win these inherent sentiments and luck is just a waste of hope if that what you wanna hang your penny on.
No one should deceive you mate, there's no stable returns in trading but like I said earlier experience enhances your chances of winning more trades more than you will lose if without trading experience.