Be comfortable with your strategy! - page 5.

jaberwock

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Quote from: ?? on ??

To feel comfortable working with the chosen strategy, you need to understand that you need to have enough experience in working with just such a strategy.

Totally agree, no way that you're comfortable with your strategy if you don't have any experience and you're way of approaching trading doesn't yield any success in your part which is a bad thing especially if you plan to be follow OP's advice regarding being comfortable, you would be relaxed for nothing.

It's the same as saying you're comfortable at losing if you stay on the same strategy that does not work well. Every beginner starts fresh and they have no experience whatsoever but they should at least read and learn the basics of crypto and crypto trading before they jump on the actual part and it will be better if they create their own strategy first and not by just grabbing every strategy that they saw on the web, that is for them to know how the thing works.

It's okay if they lose on their first few tries because they are a newbie anyway but they should try harder next time on how to improve their selves. That's the time they can operate with a different strategy.

Peanutswar

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Quote from: jhonjhon on March 01, 2022, 03:33:30 AM

Quote from: Ararbermas on February 23, 2022, 06:25:38 AM

~~~

This is so true. There are some strategy that may not work for you. Thats why we keep on trying another strategies that make us profitable. And its good see that you already find the right strategy that fits for you.

There are some people easily give up and get disappointed whenever they get failed with the strategy they used. Instead of finding the right one,they choose to quit.

Yes, we all know that trading is not easy as what others think. It is not a get rich-quick scheme but if you put a lot of efforts and knowledge. You'll gonna be rich. The more you take a risk, the more you will become profitable.

We have a different trading strategy it depends on it how you will make a committed trade or position but still it's a good thing to learn other skill sets or strategies of other trades by that you can get an idea that can be used to execute to your trades, not all the things is we already know still we can get from the knowledge and experience of other trades so you have the choice to learn and adopt or just stick with your trading style. Recently I'm just using with the MACD indicators and then basic charting and someone teach me basic things needs to learn and now currently adopting these to my trade and it becomes more effective.

LastKiss

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Quote from: TheUltraElite on March 04, 2022, 06:28:24 AM

Quote from: ?? on ??

~snip

~snip~

Strategy should be same, buy low sell high and nothing more. You will make more profit but in longer time. For being a successful trader, one needs to have patience and not hurry. Without patience you will not be able to reach the points to buy/sell.

There are a lot of people calling themselves to be experts in trading. But be cautious about such people's words. They are not to be trusted in most cases.

Yea many people don't have patience when it comes to money, it's really hard to implement patience in ourselves when we wait for another good price to sell. Also many scammers around us want our money so rather than find a stranger person it's better to build a community with your own friends and discuss crypto, strategy, etc. I saw a lot of news that some people hold their bitcoin for long term and now they're millionaires it's just our patience got tested.

TheUltraElite

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Quote from: ?? on ??

In general, the strategy largely depends on the preferences of the trader. For example, when I started working with a broker from Amarkets, I practiced the strategy on a demo account.

Using the paper trading is also a good option. This reduces the chance of ending up losing money while making sure you practice the ins and outs of trading. This should be done for more than six months without getting tired of actually doing profitable trading.

Strategy should be same, buy low sell high and nothing more. You will make more profit but in longer time. For being a successful trader, one needs to have patience and not hurry. Without patience you will not be able to reach the points to buy/sell.

There are a lot of people calling themselves to be experts in trading. But be cautious about such people's words. They are not to be trusted in most cases.

boyptc

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Quote from: Pamadar on March 03, 2022, 04:19:52 AM

Quote from: boyptc on March 02, 2022, 04:52:34 PM

Quote from: kapalmabur on March 02, 2022, 06:00:16 AM

It's true it's better to practice to use your own strategy with the results of our analysis,
need to realize that not always the strategies of others will work as well if we use them,
relying on others will not make us grow

Relying on others may have a different meaning.

If it's about information, there is nothing wrong if there are better traders than you and give their insights about the market and you just have to pick those information that will help you gain knowledge and help you with your trades.

It's a matter to know what you must do if you have those information that you've just extracted from traders who are better than us. But if it's about decision making for your strategy and you rely on others, that's a big no.

I like your point of view, if things will help you to improve your knowledge, there's no wrong about it.

Just don't rely everything on other people but instead, enhance all those collections of knowledge that you gained and form your
own strategy for the betterment of your success.

The satisfaction is on how you build and established your own strategy, and be comfortable with great outcome.

Yup.

There's no need to hide that validation that you're really in help if relying on other for information is greatly helping you out. Too much reliant on them won't do good.

But you can't really stop yourself if those information you're getting is changing a big part of yourself and you're winning your trade. You should get the good parts but not entirely all of the things they say to you.

Quote from: Mahanton on March 02, 2022, 06:11:04 PM

Even myself is really fan on reading up others analysis and sentiments which it could give out more idea and knowledge about the market and it isnt really bad to consider on having or putting up some time
on reading those and you wouldnt know if soon you would able to make use of those ideas which it would really be that situational. This market is a never ending kind of learning which you would
really be needing and snipping out others idea wasnt bad an option to take as long you do see it would be relevant.

I agree.

You'll have to learn continuously and this is what the market is teaching us. There are also those trading experts that shares their insights which is not bad to extract the info they have if it's helping us.

Pamadar

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Quote from: boyptc on March 02, 2022, 04:52:34 PM

Quote from: kapalmabur on March 02, 2022, 06:00:16 AM

It's true it's better to practice to use your own strategy with the results of our analysis,
need to realize that not always the strategies of others will work as well if we use them,
relying on others will not make us grow

Relying on others may have a different meaning.

If it's about information, there is nothing wrong if there are better traders than you and give their insights about the market and you just have to pick those information that will help you gain knowledge and help you with your trades.

It's a matter to know what you must do if you have those information that you've just extracted from traders who are better than us. But if it's about decision making for your strategy and you rely on others, that's a big no.

I like your point of view, if things will help you to improve your knowledge, there's no wrong about it.

Just don't rely everything on other people but instead, enhance all those collections of knowledge that you gained and form your
own strategy for the betterment of your success.

The satisfaction is on how you build and established your own strategy, and be comfortable with great outcome.

Mahanton

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Quote from: boyptc on March 02, 2022, 04:52:34 PM

Quote from: kapalmabur on March 02, 2022, 06:00:16 AM

It's true it's better to practice to use your own strategy with the results of our analysis,
need to realize that not always the strategies of others will work as well if we use them,
relying on others will not make us grow

Relying on others may have a different meaning.

If it's about information, there is nothing wrong if there are better traders than you and give their insights about the market and you just have to pick those information that will help you gain knowledge and help you with your trades.

It's a matter to know what you must do if you have those information that you've just extracted from traders who are better than us. But if it's about decision making for your strategy and you rely on others, that's a big no.

Even myself is really fan on reading up others analysis and sentiments which it could give out more idea and knowledge about the market and it isnt really bad to consider on having or putting up some time
on reading those and you wouldnt know if soon you would able to make use of those ideas which it would really be that situational. This market is a never ending kind of learning which you would
really be needing and snipping out others idea wasnt bad an option to take as long you do see it would be relevant.

boyptc

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Quote from: kapalmabur on March 02, 2022, 06:00:16 AM

It's true it's better to practice to use your own strategy with the results of our analysis,
need to realize that not always the strategies of others will work as well if we use them,
relying on others will not make us grow

Relying on others may have a different meaning.

If it's about information, there is nothing wrong if there are better traders than you and give their insights about the market and you just have to pick those information that will help you gain knowledge and help you with your trades.

It's a matter to know what you must do if you have those information that you've just extracted from traders who are better than us. But if it's about decision making for your strategy and you rely on others, that's a big no.

Sanitough

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Quote from: Hypnosis00 on March 02, 2022, 10:29:44 AM

Quote from: kapalmabur on March 02, 2022, 06:00:16 AM

Thats why you need to do some research first before putting it into an action. Dont rely on others because each of one of us has its own style of strategies that is suit for our character. Having a successful trading is depend on how we handle our actions, it depends on strategies we've made.

It's true it's better to practice to use your own strategy with the results of our analysis,
need to realize that not always the strategies of others will work as well if we use them,
relying on others will not make us grow

Perhaps, those traders that are more comfortable with what they are doing will seem going to succeed. I'd found that as an example as these old traders make their own story of not relying on others instead of standing their own feet. We can make this a mirror to ourselves as these big guys win exactly because they are strategically enough. Apparently, we can't call ourselves a success if we don't have any and so we need to make our own for that sake, or else, we die following other's failure.
[/quote] That is very unlikely if we consider trading as our own comfort zone. Its not all the time that same strategies work for the same person. Sometimes, others succeed while we doom to fail even if we are using the same strategies. So its always good to have your own outlook on the market and create your own market analysis. Once you are able to do that, you can build your own strategies that will suit and work on your own approach. And once you become familiar and master it, then successful trading will be very possible.

Hypnosis00

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Quote from: kapalmabur on March 02, 2022, 06:00:16 AM

Thats why you need to do some research first before putting it into an action. Dont rely on others because each of one of us has its own style of strategies that is suit for our character. Having a successful trading is depend on how we handle our actions, it depends on strategies we've made.

It's true it's better to practice to use your own strategy with the results of our analysis,
need to realize that not always the strategies of others will work as well if we use them,
relying on others will not make us grow
[/quote]
Perhaps, those traders that are more comfortable with what they are doing will seem going to succeed. I'd found that as an example as these old traders make their own story of not relying on others instead of standing their own feet. We can make this a mirror to ourselves as these big guys win exactly because they are strategically enough. Apparently, we can't call ourselves a success if we don't have any and so we need to make our own for that sake, or else, we die following other's failure.

kapalmabur

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Quote from: Viscore on March 02, 2022, 04:00:05 AM

Quote from: RealMalatesta on March 01, 2022, 10:21:55 AM

Quote from: jhonjhon on March 01, 2022, 03:33:30 AM

There are some strategy that may not work for you. Thats why we keep on trying another strategies that make us profitable. And its good see that you already find the right strategy that fits for you.

There are some people easily give up and get disappointed whenever they get failed with the strategy they used. Instead of finding the right one,they choose to quit.

Yes, we all know that trading is not easy as what others think. It is not a get rich-quick scheme but if you put a lot of efforts and knowledge. You'll gonna be rich. The more you take a risk, the more you will become profitable.

The personalization of the projects is the key here and you could basically do it anyway you want but you have to do it for your own mindset. I have talked about this before as well, strategies are not inherently good or bad, maybe there could be some bad, but one strategy can not be good for every single person. One style could be great for you while the other could be horrible. Or it could be great for you but bad for me, nobody knows.

It is a bit about your character, while you can't even wait 10 seconds to sell for a profit, I may wait for 10 days and that is the main difference. I have to say it is not really that easy for me to end up with a good result if we just keep on making new strategies that work for "everyone", which is impossible.

Thats why you need to do some research first before putting it into an action. Dont rely on others because each of one of us has its own style of strategies that is suit for our character. Having a successful trading is depend on how we handle our actions, it depends on strategies we've made.

It's true it's better to practice to use your own strategy with the results of our analysis,
need to realize that not always the strategies of others will work as well if we use them,
relying on others will not make us grow

sayaya17

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Quote from: Viscore on March 02, 2022, 04:00:05 AM

Quote from: RealMalatesta on March 01, 2022, 10:21:55 AM

Quote from: jhonjhon on March 01, 2022, 03:33:30 AM

There are some strategy that may not work for you. Thats why we keep on trying another strategies that make us profitable. And its good see that you already find the right strategy that fits for you.

There are some people easily give up and get disappointed whenever they get failed with the strategy they used. Instead of finding the right one,they choose to quit.

Yes, we all know that trading is not easy as what others think. It is not a get rich-quick scheme but if you put a lot of efforts and knowledge. You'll gonna be rich. The more you take a risk, the more you will become profitable.

The personalization of the projects is the key here and you could basically do it anyway you want but you have to do it for your own mindset. I have talked about this before as well, strategies are not inherently good or bad, maybe there could be some bad, but one strategy can not be good for every single person. One style could be great for you while the other could be horrible. Or it could be great for you but bad for me, nobody knows.

It is a bit about your character, while you can't even wait 10 seconds to sell for a profit, I may wait for 10 days and that is the main difference. I have to say it is not really that easy for me to end up with a good result if we just keep on making new strategies that work for "everyone", which is impossible.

Thats why you need to do some research first before putting it into an action. Dont rely on others because each of one of us has its own style of strategies that is suit for our character. Having a successful trading is depend on how we handle our actions, it depends on strategies we've made.

Only we ourselves know what strategy is best for us, because everyone must find which strategy is suitable and comfortable to use. It's true that
the strategies that other people use may not work when we use them too. So when trading, don't depend too much on other people, we must be able
to decide for ourselves what is best for us. That's the importance of learning a lot about trading and after that practice it, it all aims to find which
trading strategy suits us. It doesn't matter when we start trading with a lot of losses, we can take lessons from every loss we experience. So when
starting trading always use a small capital or we can look for platforms that provide demo accounts, to train us to trade for free. Because as long as
we haven't found a strategy that suits us, it will be difficult to make a profit.

Zilon

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Most times it's the complexity in trading strategy that makes the loses. I believing so much in a neat chat where i closely and carefully spot major turning points in the market. But if your strategy is good enough despite how complex it might seem then stick too it but it's best to have an easily readable chat for easy interpretation and quick market decision

Viscore

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Quote from: RealMalatesta on March 01, 2022, 10:21:55 AM

Quote from: jhonjhon on March 01, 2022, 03:33:30 AM

There are some strategy that may not work for you. Thats why we keep on trying another strategies that make us profitable. And its good see that you already find the right strategy that fits for you.

There are some people easily give up and get disappointed whenever they get failed with the strategy they used. Instead of finding the right one,they choose to quit.

Yes, we all know that trading is not easy as what others think. It is not a get rich-quick scheme but if you put a lot of efforts and knowledge. You'll gonna be rich. The more you take a risk, the more you will become profitable.

The personalization of the projects is the key here and you could basically do it anyway you want but you have to do it for your own mindset. I have talked about this before as well, strategies are not inherently good or bad, maybe there could be some bad, but one strategy can not be good for every single person. One style could be great for you while the other could be horrible. Or it could be great for you but bad for me, nobody knows.

It is a bit about your character, while you can't even wait 10 seconds to sell for a profit, I may wait for 10 days and that is the main difference. I have to say it is not really that easy for me to end up with a good result if we just keep on making new strategies that work for "everyone", which is impossible.

Thats why you need to do some research first before putting it into an action. Dont rely on others because each one of us has its own style of strategies that is suit for our character. Having a successful trading is depend on how we handle our actions, it depends on strategies we've made.

livingfree

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Quote from: LUCKMCFLY on February 28, 2022, 05:47:20 PM

My best strategy is always to follow my own rules, no matter if the market goes against me, newbies are likely to break their rules and that is why they lose so much, for now my own rules are very simple:

1.- When I trade, I only put 3 trades nothing more
2.- If I lose the first one, I try to recover with the second trade and make a profit.
3.-If I lose the second trade, I try the third trade to recover and break even.

4.- If I lose the third trade, I assume my loss and do not insist anymore, because I am not seeing the market in the correct way, in that case it is better to leave until I have a better vision.

This is a good strategy and you're really able to control yourself upon giving a certain try on how many times you have to recover.

And if it's not meant with the maximum try that you have set, you'll be stopping. The fact that newbies will recover no matter what and how long they're going to try.

It's like aiming without a target and it's prone to losing more of its capital in trading. They should better be with holding instead.

RealMalatesta

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Quote from: jhonjhon on March 01, 2022, 03:33:30 AM

There are some strategy that may not work for you. Thats why we keep on trying another strategies that make us profitable. And its good see that you already find the right strategy that fits for you.

There are some people easily give up and get disappointed whenever they get failed with the strategy they used. Instead of finding the right one,they choose to quit.

Yes, we all know that trading is not easy as what others think. It is not a get rich-quick scheme but if you put a lot of efforts and knowledge. You'll gonna be rich. The more you take a risk, the more you will become profitable.

The personalization of the projects is the key here and you could basically do it anyway you want but you have to do it for your own mindset. I have talked about this before as well, strategies are not inherently good or bad, maybe there could be some bad, but one strategy can not be good for every single person. One style could be great for you while the other could be horrible. Or it could be great for you but bad for me, nobody knows.

It is a bit about your character, while you can't even wait 10 seconds to sell for a profit, I may wait for 10 days and that is the main difference. I have to say it is not really that easy for me to end up with a good result if we just keep on making new strategies that work for "everyone", which is impossible.

jhonjhon

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Quote from: Ararbermas on February 23, 2022, 06:25:38 AM

Actually i've been looking for an accurate strategy when i was new in trading and i want to apply all of it because of mindset that i can make good results on that way.

but unfortunately i always ended losses after all my efforts. Cheesy

So i realized maybe not all strategy is suitable for us., i mean we need to choose which one startegy is more effective and forget the rest.

I tried scalping but failed , and also reversal, and break out but failed again. Grin

wherein only flag pattern and wedge give me a sign that i can make good results in trading..

So decided to focus in it and take screenshot always after winning to remember the same pattern ..

Until now i don't place trade if there's no flag pattern or wedge pattern..and you know guys most of my results are very very nice. Grin

So guys must choose a good strategy for you as well if you really want to become comfortable in trading and also don't force your self with a strategy that cannot even give you good results.

Stop assuming that having a lot strategy can give you a lot of money as well because that's not true!!

This is so true. There are some strategy that may not work for you. Thats why we keep on trying another strategies that make us profitable. And its good see that you already find the right strategy that fits for you.

There are some people easily give up and get disappointed whenever they get failed with the strategy they used. Instead of finding the right one,they choose to quit.

Yes, we all know that trading is not easy as what others think. It is not a get rich-quick scheme but if you put a lot of efforts and knowledge. You'll gonna be rich. The more you take a risk, the more you will become profitable.

Farma

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Quote from: Pamadar on February 27, 2022, 06:52:53 PM

After realizing things coming from your own experiences, you'll be able to sum it up and use the system that really help you to
have a good growth with your trading.

With those many strategy and patterns, it's true that not all is for everyone, we can duplicate
but not to expect the same outcome from time to time, modifying and adjusting is how it works.

Know to pattern with your own system and live with it.

well, generally, people will use a basic strategy in trading, then modify it to suit their convenience. this is the better way, because you adapt to it, and will most likely master the strategy you developed yourself.
Many people try to imitate other people's ways, but are not comfortable with it. they tend to follow the movements of others because they see many advantages in that person. Usually this makes people forced to continue to use the assets they have, not even realizing that their assets have run out. they keep trying the technique until the result is the same. but, in the end, it didn't suit them.
however, it would be great to create your own strategy, rather than trying to copy someone else's way, which ends up making you constantly changing strategies.

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Quote from: beerlover on February 28, 2022, 09:16:36 AM

Being comfortable with your strategy doesn't mean that you shouldn't really learn what others are doing. Obviously get better at studying other people and learning how to make money as well. It just means that you should try to avoid using a strategy just because someone else is using it.

You are right. There is no problem trying other strategies. But we must understand that other strategies may not fit with our style. So, be careful to choose other strategies. Just choose a new strategy that seems to be suitable with our characteristics in trading and not really hard to be learned as well. I sometimes learned some new strategies in trading because I think I need to be more flexible in choosing the right strategy. Crypto market always changes, we cannot rely on a single strategy only. However, we don't expect too much to suing a new strategy, only make a minimum target, especially on the first attempt. Although that strategy is very successful to be used by many people, doesn't guarantee we can succeed by using it as well. There are many factors that can influence it, we must analyze every possible factor that may lead to being the failure using it. If the factor is like our mismatched character, better to leave it and try another one. Don't be stuck in a single strategy!!

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Quote from: LUCKMCFLY on February 28, 2022, 05:47:20 PM

My best strategy is always to follow my own rules, no matter if the market goes against me, newbies are likely to break their rules and that is why they lose so much, for now my own rules are very simple:

1.- When I trade, I only put 3 trades nothing more
2.- If I lose the first one, I try to recover with the second trade and make a profit.
3.-If I lose the second trade, I try the third trade to recover and break even.

4.- If I lose the third trade, I assume my loss and do not insist anymore, because I am not seeing the market in the correct way, in that case it is better to leave until I have a better vision.

This is basically the trail stop type of method that I have used before. It required a bit of time that I didn't have so I stopped, but I definitely did use it back in the day. I put up numbers, like 40-38-36-34-32 and bought at those levels as long as it kept going up, and then put up sale orders at 42-44-46-48-50 to sell as well. That way if it went down then I would be buying, and when it went up then I would be selling and did all of it in parts. Never got into anything all in, just did it part by part, and even used only a portion of my whole bankroll even on all of them, so even after buying it all, even at 32, I would not be out of money. It really worked, but it was a lot of work for not a lot of money in a long period of time, so I gave up.

Topic: Be comfortable with your strategy! - page 5. (Read 1094 times)