Topic: Be comfortable with your strategy! (Read 1083 times)
In the case of trading, not everyone has the same idea and market pattern in market analysis. Everyone has a different idea about the market so in the same market situation one person thinks of buying the market at the same time the other person sees the selling signs in that situation. We are too one-of-a-kind when it comes to selection making and this can in no way be copied with the aid of everyone. That is why we don't envy others for being a success in their buying and selling carrier as we all have an exceptional adventure in existence, perhaps this is not for us. But if we are intended in right here, it changed into excellent to make our received approach and help it to improve extra in preference to asking different techniques.
Being comfortable with your trading strategy is important because in the long run your knowledge of analysis will decide your success as a forex trader. Strategies are not perfect.But you have to keep trying different strategies so that you can trade in different market situations.
There is always a pattern that suits everybody better, its just a matter of discovering the one that works out for you and sometimes that same strategy will fail, that's trading to us all and nothing is ever certain in trading so all we can do is keep improving and learning from different market situation.
Every trader has his own patterns and strategies and to find a suitable one is not an easy thing,all of that takes a process and the more we have experience it will help us find a strategy that suits us,
the most important thing is to keep learning and don't be bored
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Strategy is a plan of actions needed towards achieving your goals and objectives in cryptocurrency market! And when it comes to cryptocurrency, your strategy could be a moving target as there are many factors both fundermental and technical that could derail your plan. One must therefore caliberate and improve on one's strategy in different market condition!
Yes, as a good trader you need to apply strategy that will help you to achieve all you need in crypto market. Applying different strategies and technical which will really lead you to were you can acquire a huge amount of profits from your crypto market. Now that the crypto market is looking good for traders to start carry out their strategies to know if the price of coins will increase higher through out of this month of March or it will decrease more before the end of this month of March in. Those potential traders in the market always introduce a new strategy to their trading which is very difficult for them to experience any challenges in the crypto market because they always follow the rules and regulations that guided their strategies in the community.
There is always a pattern that suits everybody better, its just a matter of discovering the one that works out for you and sometimes that same strategy will fail, that's trading to us all and nothing is ever certain in trading so all we can do is keep improving and learning from different market situation.
Strategy is a plan of actions needed towards achieving your goals and objectives in cryptocurrency market! And when it comes to cryptocurrency, your strategy could be a moving target as there are many factors both fundermental and technical that could derail your plan. One must therefore caliberate and improve on one's strategy in different market condition!
Indeed, you need to adjust and keep improving, be comfortable with how you understand the flows.
The market is unstable. Maybe your strategy may work at one point, then it won't in the other one, it's always best to do your
adjustment while you keep chasing your position.
Decision making always needs to be influenced by facts, the knowledge of the market and the experienced that you already
gained while doing this business.
Strategy is a plan of actions needed towards achieving your goals and objectives in cryptocurrency market! And when it comes to cryptocurrency, your strategy could be a moving target as there are many factors both fundermental and technical that could derail your plan. One must therefore caliberate and improve on one's strategy in different market condition!
Strategy only as a supporter for us to trade, in my opinion the main factor that most reassure of profit or loss is patience, if we buy coins that have strong foundations, the most important thing is the next thing is always waiting for when to sell and this makes me often get big profit though Opportunities to lose everything is same.
It is useless to have a strategy but if the person is lazy to do a trade or if he don't have a capital so yeah strategy is not the primary thing but the primary thing to become successful in trading starts with our selves. Trading is different from investing so patience can play a less role here but in trading you need to act quick so that you can accumulate more profits.Coins that have a solid foundation are both good for short term and long term but the coins that have a weak foundation, they mostly boom at the start and then no more in the future or they can start weak but became stronger later on. You need to have a good sense to figured that out.
Unfortunately there are too many people who buy some memecoin because they saw it on twitter and I can not believe that they could be that gullible. I mean what is the point of spending your hard earned money on some memecoin because you saw some twitter community hyping it up? I am not saying that it can't make you money, of course there is a chance of it but it would be a lower chance and higher risk.
It's not that people do not care about their money. The thing is that most of these investors don’t really know much about how to invest in the market or what coin to choose. So, sometimes they really just go straight and invest in any kind that they feel is good.But, as they continue to have more experience in the market it widens their knowledge and they also get to know the things that they are meant to do and what they are not meant to do. The losses that they might encounter due to their wrong decisions is part of the experience that they would have. it is what makes them better, but it comes with the cost of losing their money in the market.
If the strategy isn't bringing in any profits then I would change it immediately or tweak it to raise my chances of success otherwise if it's a profitable strategy then I agree with the OP that there is no need to change it. Like they say, if it ain't broke then don't fix it, but then again to find a strategyyou will be comfortable with takes alot of time and money 
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well, that can also be done. however, if you still lose when using a strategy, then there is something that needs to be improved in your strategy. Well, it's not always someone's strategy that will continue to work in the crypto world. therefore, he needs to do the latest development. doing different research, and speculation to find new developments that fit his strategy. To be honest, so far I have seen that Arbitrage is very profitable for traders. however, it didn't suit me, and I wasn't comfortable with the technique. although there are many shortcomings in the strategy that I made, however, I can find a way to fix these deficiencies immediately. Well, in this we are different. however, if we lose in the strategy we have, then it needs to be developed or replaced with a new, more efficient strategy. !
Learning how to build a strategy, a really good one, is the key to success. People think that they could find a readymade strategy and apply that to themselves and get rich that way. Even though it is known that sometimes that worked, that is usually a bull run period where you can make money that way.
However, if you learn how those strategies were made, then you could make one for yourself that fits you a lot better. Never learn which coin to trade, which strategy, which method, which indicator because those won't help you, learn WHY those ones and you will see the behind the curtain and you could do a lot better in the long run.
However, if you learn how those strategies were made, then you could make one for yourself that fits you a lot better. Never learn which coin to trade, which strategy, which method, which indicator because those won't help you, learn WHY those ones and you will see the behind the curtain and you could do a lot better in the long run.
If the strategy isn't bringing in any profits then I would change it immediately or tweak it to raise my chances of success otherwise if it's a profitable strategy then I agree with the OP that there is no need to change it. Like they say, if it ain't broke then don't fix it, but then again to find a strategyyou will be comfortable with takes alot of time and money !
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It would have taken a long-lasting for you to have done that since it includes a ton of training and that is tedious however just energy will give you the strength. That is vital on the grounds that when our techniques won't work in second endeavor, it is smarter to observe another that it appears have an impact in creating gain in exchanging.
Trading successfully is often about strategies and the truth is, what works for a particular trader is sure not to work for another because, applications could always be different. Also, its very much difficult to be comfortable with a particular strategy as times do change and so do the market too. What works at a particular period is likely not to work in another and that is a challenge that calls for the development of a new strategy to build your comfort about.
I like what OP has done and that is, accurate documentation on every success. Every trader needs some form of a diary to keep records of when certain patterns happens in the market. OP might have used pictures and that too works just fine because, yiu can reference it for further studies and understanding of your strategies.
I like what OP has done and that is, accurate documentation on every success. Every trader needs some form of a diary to keep records of when certain patterns happens in the market. OP might have used pictures and that too works just fine because, yiu can reference it for further studies and understanding of your strategies.
I think every crypto trader follow some strategies. However, it is true that strategy is not always work according to expectation, again it often brings big profits. But personally I would say that it would not be right to follow too much strategies. First you need to logically choose which strategy you want to follow. Then you can apply it if you get a positive result by analyzing it. One of my favorite strategies is to always have some assets ready so that I can purchase something at any time.
All strategies have drawbacks, of course what we hope for is success in these strategies. assuming for me is something I should avoid, every decision in trading has been analyzed and compared to previous market conditions. meaning all must be researched, because if only assume this will result in losses.
From here, things get trickier, and this is where the true meaning of burning up of bad psychic imprints comes into play. If you have to date with risk, you can make a profit here. It can be seen again. In case of rating, we need to have the skills and knowledge to not exceed it. I think you need to know some good currencies to trade. 
Strategy only as a supporter for us to trade, in my opinion the main factor that most reassure of profit or loss is patience, if we buy coins that have strong foundations, the most important thing is the next thing is always waiting for when to sell and this makes me often get big profit though Opportunities to lose everything is same.
everyone may have a different strategy in running a trade. this is in accordance with their respective views which they think are comfortable for them. for example, currently there are 2 traders who open short positions and the other buys, neither of them can be blamed, maybe the first trader enters the market with the aim of short-term trading, and the other sees a larger time frame. In the end, both of them got all the profit. that's a strategy where each person's comfort is different
That's right, trading is not about using as many strategies as possible and then combining them into one, but choosing trading that is comfortable, safe, and according to your needs. To choose the right trade we also have to think about several aspects such as the trading period and trading goals so that we can determine and choose which strategy is comfortable and suitable to do. only then do we do it carefully and thoroughly. if we choose many trading strategies and do it with a different strategy every time we trade then it will only make us confused and unfocused. therefore it is true that it is said that choose a suitable trading strategy and then be comfortable with the chosen strategy.
I don't know why most traders probably thinks having many strategies will result to them making nice profits from daily trading. However, I have come to realized that it's not necessary having too many strategies. You just have to build a strategy which work for you and stick to it. Although, that doesn't guarantee that you won't lose. But, having a good strategy will minimize lost. Also, avoid been too emotional, as a trader, you must learn how to control your feelings.
I agree.
Having only few strategies make things easier, because you won't be confused on what to use next after you lose a trade. Trading is a very risky and confusing way of making money, but always worth the risk. Using too many strategies after losing a trade is a waste of time, in my opinion, because losing just one trade doesn't really mean that your strategy is not working, losing in trading is just normal.
You won't be confused and all you need to do is to keep enhancing your strategy from time to time.
There's no accurate one that will keep you generating profits, as trading is
the venue where people always haunt the opportunities to earn a decent amount of money.
With your own system, you have that equal opportunities to take some slice if you manage
to pick the right asset to hold and in then sell everything in the right timing.
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