Luck vs Trading

Of course, in every deed a certain luck is required. But it's not enough. Trading requires persistance, knowledge, a lot of time, money, etc.
 
Quote from colonial dr:

Myself and others had a discussion about traders, both new and old, confusing nice equity curves as real trading when it is just luck.

A hundred descretionary trades can easily be luck- imo. Especially when draw downs between trades.

Old trades who have lost their skill or edge can also think it is good that they are at least holding together. This is luck too.

Have you ever thought you had an edge or skill, but found out over the longer term that it was just luck that proved to be a false theory?

I would also love to hear anybody who has ideas about how to quantify luck in trading.
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Believing in luck will be admitting I am at somebody's mercy, so I don't believe in luck.
I do believe in the power of our intentions and emotions. I believe that if we trade and put our emotions aside, we can always see it for what it is without labeling it in any way.
If we understand that losing money doesn't make you a loser and making money doesn't make you a genius, or a lucky person, then we can detach from our need of recognition or approval.
 
Luck is huge in trading. without luck all you can hope for is to CHURN

BUT you need to be part of the process to take advantage of it--- in other words, you need to be in to win--- eventually, LUCK will smile on you in a big way. surf
 
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