Making money from stock trading is talent or luck?

Tiger_comments
02-08
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Reward and punishment, right and wrong, are two completely different sets of concepts.

However, people often easily confuse them, mistaking reward for correctness and punishment for error.

What is a mistaken reward?

It means you've done something wrong, yet received a significant reward. This can lead to overestimating your abilities.

For example, Tom made a lot of money in a meme stock like $AMC Entertainment(AMC)$.

He might draw lessons from this successful experience and believe that meme stocks can bring huge profits. It's easy to see that most of his speculative trades are likely to result in losses.

$Tiger Brokers(TIGR)$

Does making money necessarily mean you have a talent for stock trading?

Or is it always your fault if a trade results in a large loss?

Would you attribute a successful trade to luck or talent?

Leave your comments and also post to win tiger coins~~

Making Money From Stock is Talent or Luck?
A randomly successful trade is likely attributed to luck. However, if you make a substantial profit from it, you may begin to overestimate your abilities, believing you can always make money in the stock market, ultimately leading to losses. ---------------------------- Do you think making money from stock trading is talent or luck?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • icycrystal
    02-13
    icycrystal

    talent or luck, I guess you need both to be successful. though luck may run out... so it's important to have talent so that if luck does run out, talent is there to pull you through.

    I guess often than not, not being patient is the result of losing a trade, of course others like not having risk management, trading too aggressively, not diversifying portfolio can be attributing factors as well.

    @koolgal @HelenJanet @Shyon @Aqa @rL @GoodLife99 @Universe宇宙 @DiAngel @xXxZealandxXx @LMSunshine

    Does making money necessarily mean you have a talent for stock trading?


    Or is it always your fault if a trade results in a large loss?


    Would you attribute a successful trade to luck or talent?


    Leave your comments and also post to win tiger coins~~

  • nomadic_m
    02-09
    nomadic_m
    making money from trading doesn't require much talent - auto invest in a low cost ETF that's proven to provide good returns. but if one put in extra effort to read & research, perhaps could earn even more

    first large loss is not the end of the world. learn from mistake & do better the next time. if large losses is repeated everytime, then make money by auto invest in a low cost ETF that's proven to provide good returns

    if one still make large losses while auto investing in a low cost ETF that's proven to provide good returns, then he  should wash himself with pomelo leaves bath to wash away the sui!

  • DiAngel
    02-08
    DiAngel
    I would say making money from trading is based on skill, luck and time.


    Skill & time:make an effort to understand the basic of trading. Thereafter, spending time to understand the chart. Uptrend, downtrend, sideway etc etc. Using market depth to assist in buying or selling mode.


    Luck:have HNW friends who have invested more than SGD 1 million in SG markets, Thailand, HK & China. Self managed SG market whereas the rest (Thailand, HK & China) are managed by Fund House. Their stake are very high whereas I slowly accumulate SG counters under their advice.Theirs minimum is 50,000 shares per SG counter or each transaction is SGD 50,000.Otherwise, it is not worth their time to monitor or dividend. [Surprised][Facepalm][OMG][Observation]. After awhile, under their influence, my minimum stake on each SG counter is 10,000 shares per SG counter. It took a lot of courage to do so as after buying, it might go up or down.Must have a strong heart to withstand whatever turbulence it might be[Bless]
  • Tiger_comments
    03-06
    Tiger_comments

    @MasterStonker

    @TimothyX

    @Karatechop

    @highhand

    @pcwSg

    @MHh

    @MilkTeaBro

    @Aqa

    @nomadic m

    @icycrystal

    @DiAngel

    Thank you for commenting on my post. Your coins have been sent to your account~ Don't forget to check your tiger coins💖

  • Aqa
    02-13
    Aqa
    Making money from stock trading is both talent and luck. Does making money necessarily mean i have a talent for stock trading? No, the success is not a sufficient indicator of talent. Neither is it always my fault if a trade results in a loss. Stock markets are imperfect and inefficient. Finding those inefficiencies is very difficult. Even successful hedge fund managers who beat the market in something like 14 of 15 years can suddenly have their fund tanks on a bad investment. Thats why we must do our due diligence before each trade.
  • TimothyX
    02-08
    TimothyX
    獎懲，對與錯，是兩套完全不同的概念。


    然而，人們經常很容易混淆它們，把獎勵誤認爲正確，把懲罰誤認爲錯誤。


    什麼是錯誤的獎勵？


    這意味着你做錯了什麼，卻得到了可觀的回報。這會導致高估你的能力。
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