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]
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.
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Do you think making money from stock trading is talent or luck?
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看看就好