Topic: Be comfortable with your strategy! - page 7. (Read 1085 times)
Having your own strategy is a must, be more comfortable using that strategy and know that you are doing your best to stay profitable, that strategy will give you more money for sure so be consistent. We should always have this, this is our weapon against the market and that strategy will help you to avoid any unnecessary actions, you must be more discipline to always follow that strategy, don’t be greedy.
choosing a suitable strategy for the trade we are doing is very difficult, I tried several strategies at the beginning of the trade and I suffered a lot of losses.
after a long time I finally found a suitable strategy even though I didn't get much profit, but I was able to minimize the risk so that it made me comfortable and until now I have consistently used this strategy without wanting to try other strategies.
I think whatever we do, if we are consistent, we will benefit.
It's very true when you say that having multiple strategies is not something that can provide many benefits.
Experience is a big factor that can help you in discovering the strategy that will suit on you. And its not really the big profits that you will get from trading that will matter the most, but on minimizing the losses and making even small but consistent profits. And being successful and profitable in trading does not mean that you should resort on making multiple strategies, have at least one or two that you can master and use it with passion. after a long time I finally found a suitable strategy even though I didn't get much profit, but I was able to minimize the risk so that it made me comfortable and until now I have consistently used this strategy without wanting to try other strategies.
I think whatever we do, if we are consistent, we will benefit.
It's very true when you say that having multiple strategies is not something that can provide many benefits.
choosing a suitable strategy for the trade we are doing is very difficult, I tried several strategies at the beginning of the trade and I suffered a lot of losses.
after a long time I finally found a suitable strategy even though I didn't get much profit, but I was able to minimize the risk so that it made me comfortable and until now I have consistently used this strategy without wanting to try other strategies.
I think whatever we do, if we are consistent, we will benefit.
It's very true when you say that having multiple strategies is not something that can provide many benefits.
after a long time I finally found a suitable strategy even though I didn't get much profit, but I was able to minimize the risk so that it made me comfortable and until now I have consistently used this strategy without wanting to try other strategies.
I think whatever we do, if we are consistent, we will benefit.
It's very true when you say that having multiple strategies is not something that can provide many benefits.
You can make strategies timing out the market from your experience and knowledge but that will work perfectly or not you can't say as there is no thing is only profits trade which means loss is essential in this journey and you can't avoid it.When the market is bearish we all make loss but it's main how we can minimise it through our strategy.
You just need to make different approaches and keep on trying as relying on one strategy would not benefit you so the experienced trader learn all of them and then implies certain ones according to how market reacts at that time so he can make profits and less loss.
You just need to make different approaches and keep on trying as relying on one strategy would not benefit you so the experienced trader learn all of them and then implies certain ones according to how market reacts at that time so he can make profits and less loss.
In other words, just keep finding the strategy you think is the best. Traders have different approaches to any situation, therefore there's no fixed strategy we can rely on. But I agree with you since we have to make different strategies, we should be comfortable with them.
Being pressured also can affect the effectiveness of our own strategy. When emotions came, we can't follow the supposed strategy we need to follow.
Practice makes perfect but here, we don't have to be perfect always as long as our winning stats are maintained.
Being pressured also can affect the effectiveness of our own strategy. When emotions came, we can't follow the supposed strategy we need to follow.
Practice makes perfect but here, we don't have to be perfect always as long as our winning stats are maintained.
Yes,there is need to always be okay with the strategy you use in trading that works for you,else,using another person's strategy might lead to you loosing money.
There are several strategies In which one can apply in other to win money,but most of those strategies does not work,because it is achaic or old fashioned.But constant research will make you know the one that is actually working and after finding that,maintaining it is another thing.
Basically if you follow someone else's strategy in cryptocurrency trading you may get some temporary profit but in cryptocurrency you have to follow your strategy before you follow someone else's strategy. Get to know him better. It is wise to research someone else's strategy and then follow through. There are several strategies In which one can apply in other to win money,but most of those strategies does not work,because it is achaic or old fashioned.But constant research will make you know the one that is actually working and after finding that,maintaining it is another thing.
This may be more to be wise, smart, and right to our own strategy. Because maybe we feel comfortable with a strategy, but it turns out that it's not enough, it doesn't even fit the market conditions at that time.
Yes, it is not easy to arrange the most appropriate strategy so that we always take profits, especially in the current market situation. Many of us even always have a plan B when the expected price doesn't match, and vice versa.
Yes, it is not easy to arrange the most appropriate strategy so that we always take profits, especially in the current market situation. Many of us even always have a plan B when the expected price doesn't match, and vice versa.
Yes,there is need to always be okay with the strategy you use in trading that works for you,else,using another person's strategy might lead to you loosing money.
There are several strategies In which one can apply in other to win money,but most of those strategies does not work,because it is achaic or old fashioned.But constant research will make you know the one that is actually working and after finding that,maintaining it is another thing.
Basically if you follow someone else's strategy in cryptocurrency trading you may get some temporary profit but in cryptocurrency you have to follow your strategy before you follow someone else's strategy. Get to know him better. It is wise to research someone else's strategy and then follow through. There are several strategies In which one can apply in other to win money,but most of those strategies does not work,because it is achaic or old fashioned.But constant research will make you know the one that is actually working and after finding that,maintaining it is another thing.
Yes,there is need to always be okay with the strategy you use in trading that works for you,else,using another person's strategy might lead to you loosing money.
There are several strategies In which one can apply in other to win money,but most of those strategies does not work,because it is achaic or old fashioned.But constant research will make you know the one that is actually working and after finding that,maintaining it is another thing.
There are several strategies In which one can apply in other to win money,but most of those strategies does not work,because it is achaic or old fashioned.But constant research will make you know the one that is actually working and after finding that,maintaining it is another thing.
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!!
Stop assuming that having a lot strategy can give you a lot of money as well because that's not true!!
Well said, reason many traders end up losing their capitals when trading is because they tend to trade with emotions, rely on others for signals or try to copy a trading strategies that doesn't suit their style. We're all different and as such should approach problems differently. For some, trading might not be their calling but just because others are doing great there, they they pick interest in it when they themselves don't have the patience or discipline needed to become an expert in the field.
Becoming a successfull traders has alot to do with personal development and trusting yourself which has to do with having strategy to rely on that you used frequently so as to perfect it. I won't say stick with just one but having many shouldn't be an option. You could have one or two that you used every now and then so as to become a master at them and end up having a profitable trade, every now and then.
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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!!
Stop assuming that having a lot strategy can give you a lot of money as well because that's not true!!
Well said, reason many traders end up losing their capitals when trading is because they tend to trade with emotions, rely on others for signals or try to copy a trading strategies that doesn't suit their style. We're all different and as such should approach problems differently. For some, trading might not be their calling but just because others are doing great there, they they pick interest in it when they themselves don't have the patience or discipline needed to become an expert in the field.
Becoming a successfull traders has alot to do with personal development and trusting yourself which has to do with having strategy to rely on that you used frequently so as to perfect it. I won't say stick with just one but having many shouldn't be an option. You could have one or two that you used every now and then so as to become a master at them and end up having a profitable trade, every now and then.
Strategy is very important, as each government is aware of. however some square measure frightened by it as a result of it needs them to form choices that interrupt different potentialities and choices – in order that they worry that creating the incorrect call may probably wreck a career.
There will be governments that take steps at some points making the market move a lot. However this is very small in number with the exception of the Indian government which has been making FUD for too long.However these can be used as opportunities as well. When you are watching the market for too long, you can realise this. Getting frightened about your investments is a wrong step.
But the strategy is just a word that keeps on going. Most traders just use the buy low get high method while actually ending up doing the opposite.
Strategy is very important, as each government is aware of. however some square measure frightened by it as a result of it needs them to form choices that interrupt different potentialities and choices – in order that they worry that creating the incorrect call may probably wreck a career.
well, people have different strategies. however, use a strategy that you can develop, and don't change your strategy just because you see someone else succeeding. believe me, that person has failed several times, it's just that they don't show it to other people.
Well, so far, I'm more of a hold and sell strategy of coins when I've earned a few tens of percent of the coins. Well, maybe at the beginning I adopted the strategy, it was still not comfortable, but we ourselves modify the strategy until we are comfortable and fit with it.
Well, so far, I'm more of a hold and sell strategy of coins when I've earned a few tens of percent of the coins. Well, maybe at the beginning I adopted the strategy, it was still not comfortable, but we ourselves modify the strategy until we are comfortable and fit with it.
One hundred percent true.
You can't be an imitation of others, be you, be unique, to make profits. Sticking to one indicator doesn't mean you're getting outdated, as long as you're making profits, you don't have to worry about anything because that's all what's important. Trading is not even a race, not a competition, so steady at your own pace while learning.
Because once you took the shortcut, it will backfire on you for sure and you won't like it.
Do not be afraid to lose money trying to find your own method as well, that is the most important thing. I mean there are tons of people who end up making their own strategy and that means we are talking about people who lost tons of money until they found the best strategy, it is not really that easy to get it done that way and you have to handle that a bit better before you do anything crazy.You can't be an imitation of others, be you, be unique, to make profits. Sticking to one indicator doesn't mean you're getting outdated, as long as you're making profits, you don't have to worry about anything because that's all what's important. Trading is not even a race, not a competition, so steady at your own pace while learning.
Because once you took the shortcut, it will backfire on you for sure and you won't like it.
I personally believe that you could use demo and all that to find the most optimum for you, but you need to do real trading to make sure. The reason why everyone needs their own is the fact that we are all different and we all have different styles, one thing that works for me may not work for you.
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.
Maybe the obstacle why traders continue to change their strategies because they feel they have not received maximum results and often traders do not have a trading journal to be evaluated so they always change their trading methods.
We often experience losses in trading because the market situation is not always in good condition.
That is the need for us to always look for strategies that can work well and help us make profits.
As long as we can keep looking and learning to make strategies, we will have the best strategy for us to implement that strategy based on the situation in the market.
There is no need to be afraid of failure because failure is a delayed success and as long as we have the will, there must be a way.
If we are experiencing frequent losses in trading, that only means that our strategy is not working so we have to explore with another strategies that have potentials to succeed until we come up with the best one that works on us. And it doesn't mean that if that strategy works on him, it will also work on you. We all have different approach when it comes to trading so we cannot assure that we will get the same results. And one thing is certain, you don't have to stick into a single strategy for long term as most of the time strategies also loses their value, you need to be flexible so you can start to upgrade your strategy and still win your trades.That is the need for us to always look for strategies that can work well and help us make profits.
As long as we can keep looking and learning to make strategies, we will have the best strategy for us to implement that strategy based on the situation in the market.
There is no need to be afraid of failure because failure is a delayed success and as long as we have the will, there must be a way.
We can not follow the market if we only use an existing strategy or do not modify the strategy.
Only with learning can we find the right strategy and with learning, we can have a better analysis of the market.
Having many strategies will help us know what we can do related to the market situation.
But I advise anyone dont stick to your trading strategy if this will won't work twice or multiple times, just move on and find another one. There are too many indicators to be used, don't be comfortable with your strategy, change it if doesn't work perfectly.
To be honest, most comments are true, there are no accurate trading strategies to be used in trading. But if you choose where you are comfortable just stick with it, day trading, scalping, and arbitrage are very common but all of these are very risky that you should consider, and speaking of risk you can minimize it by using a long term trading strategy.
To be honest, most comments are true, there are no accurate trading strategies to be used in trading. But if you choose where you are comfortable just stick with it, day trading, scalping, and arbitrage are very common but all of these are very risky that you should consider, and speaking of risk you can minimize it by using a long term trading strategy.
One hundred percent true.
You can't be an imitation of others, be you, be unique, to make profits. Sticking to one indicator doesn't mean you're getting outdated, as long as you're making profits, you don't have to worry about anything because that's all what's important. Trading is not even a race, not a competition, so steady at your own pace while learning.
Because once you took the shortcut, it will backfire on you for sure and you won't like it.
You can't be an imitation of others, be you, be unique, to make profits. Sticking to one indicator doesn't mean you're getting outdated, as long as you're making profits, you don't have to worry about anything because that's all what's important. Trading is not even a race, not a competition, so steady at your own pace while learning.
Because once you took the shortcut, it will backfire on you for sure and you won't like it.
There is no such thing as accurate strategy because if there are then nobody will lose but nobody will share that accurate strategy for free and I do not think the person will sell it when he is already making a good gains with it.
I agree with you. There is no accurate strategy. If there were any, every trader would have been a millionaire. You just have to build strategies that actually works for you, I mean strategies that can enable you reduce losses. Also, experience is also necessary when it comes to trading, you have to learn from your mistakes in order to become a good trader. Because experience they say is the best teacher. Jump to: