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On the contrary, while luck may certainly play its part in some circumstances, the best stock market traders will know exactly what level of risk they are dealing with.
Andrew Priestley, a stockbroker at Redmayne Bentley, told north-east newspaper the Journal that there is a good deal of consideration and analysis that goes into making investment decisions.
For example, in his role, he is paid to "formulate strategies which accommodate appropriate risk profiles and investment objectives" for his clients.
"These are arrived at after lengthy consultation and consideration of known income requirements, liabilities and likely need for quick access to the invested capital," he told the newspaper.
One dilemma facing many traders at present is whether to invest in bakery chain Greggs.
On the one hand, according to the Times, a healthy share price of £33.02 at yesterday's close is good news for the company, but on the other, it is putting of potential investors.
Knowledge to Action's stock market training can help you get started.
