hello

I think when first starting out having a better luck do help new investors to have the momentum with their first few investment choices. However, luck don't always come so easily. I think it's better for investors to focus on building their financial building blocks and see clearly that luck only plays a small role in your investment journey

I am new in trading. I  think luck is also important for some volatile shares. I am  learning right now and before starting to invest I am checking companies fundamental. I am checking charts for last 1 to 3 years also. I am investing Good stocks for long term and and will hold that 5-10 years. My 1st stock is apple and I just started trading

‘Beginners luck’ is often a phrase that is used with many chancy events. It does exist, because it is founded on a simple principle of information. Actually, lack of information.
A beginner has very less information when he comes to the market. All he knows is that stocks have to be bought and sold and there is some profits to be made. He buys (hardly any newbie ever short sells) the stock that someone tells him. He buys it when he is told to buy it and he holds it for a while and sees some profits and sells it.
But this is very dangerous. Confirmation bias can set in a cause a large amount of loss as compared to rational thinking and good decisions made based on information that we know.
I had little beginner's luck when I started trading but I feel the biggest lesson learnt is to know your stock.

Welcome to "Mooers' Stories" again! It's lovely to see you here!
Beginner's luck is a commonly seen phenomenon in many chance events. Many people make money during their first days, weeks, or even months in trading.
Some believe that beginner's luck does exist because people tend to be more cautious when they have insufficient information.
Others believe that luck is nonsense in trading and can never be counted on.
Do you believe in beginner's luck? Did you have beginner's luck when you first started trading? How was your first trade? What do you think of the role of "luck" in trading?
Share with us your ideas and win rewards by joining our discussion "Did you have beginner's luck when you first started trading?"
Let's first find out what people say about beginner's luck.
Yes, fingers crossed. Luck plays a role in trading, especially for beginners.
Some believe that beginner's luck is real because it is founded on information. He buys (hardly any newbie ever short sells) the stock that someone tells him. He buys it when he is told to buy it and he holds it for a while and sees some profits and sells it. Now he thinks that’s all there is to it. Therefore, beginners are more cautious and less greedy, which might be the reason to explain "luck". 
What's more, the stock market is, as most would agree, unpredictable. Timing the market is as hard as looking for a needle in a haystack. In that sense, it's certainly not just technical analysis or fundamentals that will come into play. 
No way! Trading has nothing to do with luck.
Every trading market experiences certain periods of upswings (bull) and downswings (bear). What happened to a beginner is that the new trader entered the market during a bull run. Once the bull market ends, that is when a trader’s real test of skill begins. This is when it becomes difficult to make money in the market. As such, beginner traders seem to fall off at this point and feel like the forces of luck are against them. As they believe that they know how to trade and thus make risky trades. However, they usually endure heavy losses subsequently and realize that trading is not a game.
Therefore, it is advisable for beginner traders to be careful during the first year of trading, paying attention to the overall climate of the market, and not getting too confident.
Get bonus now by joining the discussion "Did you have beginner's luck when you first started trading?" 
A review to our previous Mooers' Stories "Why did you start trading?"