Topic: Do you think to succeed in the bull market you need to acquire more strategy? - page 2. (Read 1311 times)

Everyone have their own opinion but I personally find it funny how simple trading is but how complicated people make it. It's simple, buy low and sell high. My answer to your neighbour would be to never invest when price is in a bull run for a long time, especially since he is a newbie because in such cases, fear of missing out gets activated in every beginner and small dump is enough to make them sell their coins. Your friend should remember to never FOMO with asset like Bitcoin. Your friend should remember to always buy low sell high. If he payed 100K in 1 Bitcoin, he should sell it for higher than 100K, not for 70K.
My another advice would be to never trade every day. He should try to catch best moments, not every moment. There are moment when I trade once in 6 months. I do not risk without good guarantees and high profit.

You know when you don't know about trading you will ask different questions that will favour you to make profit,  the is that the person in questions has heard of trading and maybe he or she may think that the way trading sounds on ear is the way people who is into it make profit, so I believe that with advance learning of trading you may have a different methods to operate during trading, what newbie or beginners know from trading is to purchase at low rate and sell at high rate, as you said initiall, but a process whereby you learn the rudiments of trading, your mentor will show the beginner the process to avoid venturing into loss.

Well, you are right though and it also depends on the trader as well. If you are that pro trader there is every possibility to maintain some specific trade with a particular strategy but as newbie trader who doesn't know how to apply some principle would likely find it very difficult maintain a particular strategy to yield profit or even becoming productive with it.

Talking about on dealing up with the market then this would really be that needing up that strategy on which you cant really just that simply dive in without having that proper preparation because we do know that when it comes into this aspect on which you will really be that needing up to be knowledgeable into the things that you are really that dealing into specially on a market on which it is really that unpredictable.
The main reason on why we do really make up some dealing here on this space is to make profits or getting that positive gains on which it will really be that understandable that you would really be needing up to be
having that skills and knowledge on how you will really be able to go with the flow, which it might not be that simple but doesnt mean that it will really be that impossible.

Success isnt something that you could really be able to guarantee that you will really be able ot hit up on the moment that you do deal up with this market. This isnt something that could really be able to
determine not unless if you would really be able to made up some right decisions but of course it will really be needing up that kind of some sort of luck because there are indeed times that the market
might look up bullish basing up with the news or fundamentals around but it could neither give out some effect or not, or simply going opposite on which this do really indcates that having that
unexpected negative portfolio.

Not entirely, bull run is a bull run, and the strategy you are trying to do could break everything when you can only hold and still make a lot of profit without a doubt. I believe we could make some good return with whatever we have, and that is not really that much of a big deal to me, we could make some good return whenever we want to and that should not be that hard to just hold.

Strategies complicate things, sure there are some out there which makes more money than what we could do with holding, but those great ones are very few and most of the strategies will lose and can't earn as much as holding could, which is why I would say during this period you should only be holding and you could make a lot better return for sure.

At the end traders need to find out what works for them and what does not, having several strategies may work for some traders, but I do not think they are the majority, since most traders out there do not even have a single strategy they can use to beat the markets, so it is completely natural that once they do so, they prefer to keep using that strategy over and over again instead of trying to keep looking for more strategies, as doing so will most likely not increase their profits anyway.

It is definitely a good idea to have a strategy to succeed in trading. But mastering the technique for a newbie will not be easy in the beginning. He must first understand the basics well. If a trader understands the effect of bull run then he can easily get profit from his trading. There is definitely something good to be gained by applying strategy. However, the strategy will not work in all cases. If a trader has a basic knowledge about the market conditions then he will be able to understand many things. Especially in a bearish market it is difficult to profit from trading but if you know about the market you can definitely manage that situation successfully. It is good to know the strategy but it is possible to profit even if you trade by understanding the market trends.

Agreed, and using just few of those trading strategies will make you become a master of the strategy and you can make use of it when ever you want and you'll be victorious with your trades. Different strategy can be a distraction for you to not meet your full potential in the market. The strategy has to be a verified one that works for you before you make it your thing. I don't waste time to dump a strategy that isn't working for me because I'm not ready to lose money when they're other strategy that can give you the money that you're missing. Trading is different and it works differently too because two different traders can make profits from the two options we have. There are some people that have mastered the act of trading with different strategies and still record success while we have traders that have to rely on just one strategy and he's also victorious.

Too many strategy will get you confused at some point, you just need a strategy that yields a consistent results, you master it and with a decipline approach you will be profitable.

Anytime I see trader shows off there desk, chair and PC, I just sigh for some moment and look away. You will see them with different screenshots and all that of indicators just to prove one things, expert in trading but I will tell you that trading with free indicators can give you literally the profits they are making and who knows if you are making more than them, Bitcoin has been more of fundamental than even technical analysis but they will tell you all the stories of the strategies they used.

If you do too much strategy in my opinion, you will be too interested in the market. When other simple traders are taking profits at all time high range, they over predicts market like it will go to heaven but we all know that every run has its up and down, there is that time nothing will print any profit from this market again, just consolidation and losses most often unless you are a leverage market maker that play with short positions.

At the beginning of trading, a beginner may use several strategies to see which strategy is most appropriate for him to use, but over time it may not be practical and a waste of time, because just imagine just to start a trade a person needs to use several strategies and it is also uncertain whether the strategy works in that situation. And because of that, a professional trader usually uses 1 or 2 strategies in his trading, because he already knows the ins and outs of the strategy and has used it in various trading situations.

Because usually it's only on bull market that some people are intrigue to show great interest on bitcoin investment, when bitcoin was very low and he asked there was no much interest and I didn't give him that listening ear but as the bull comes up he got aroused to it and wanting some simplicity to immediate and quick profiting from the bull market. So, it you didn't see it in the body of the content then you should know that the title has it covered and repeating it inside shows a form of repetitions of messages.

Your question in the title contains "bull market" but it was absent in the body, well, if it is the bull market where it is a definitive bull run, people tend to earn easily, and even on making mistakes, they will still get to make their money because they are in the right trend if they bought it. But in the general market, enough strategies and experience are needed. You do not need to learn all the strategies in the world but in my experience, you will need to vary some strategies due to the market condition. This is where confusion befalls new traders if they are not well prepared, the market will act strangely but will not be able to know why if their strategies are inadequate in the name of keeping it simple.

Maybe not a specific strategy, but a person needs to know the market and at least have some knowledge about it to be able to make good use of the bull market because someone who doesn't know anything about the market would barely know the right time to buy. If someone is buying Bitcoin when the market is already at its peak, they will most probably see their investment losing value as soon as the market starts to crash, and they will not believe the market again.

So, someone needs to know the correct times to enter and exit the market to gain good profits, and for that, they will need to know about the market and especially the coins they are buying, such as Bitcoin. It's not wise to invest money in something you know nothing about only because you heard others are earning money from it.

This is why a person needs to learn about a financial market before they make an entry into it.

Trying out many types of strategy may make you lose more focus on how fast you can achieve your aim at trading. There are different strategies, you may as a beginner needs an introduction to each of them to see how well you can be able to do with them while trading. If you’ve seen the one that fits your niche more, you should focus more on that and go into deeper learning about it than just putting all at once in your mind to learn. It’ll become harder to achieve success through that in trading. The bull market as it has always been is a time for all to calm themselves professionals, strategy may work but it’s better you trade in the direction of the uptrend side of the market which it’ll always be during the bull market cycle.

I am sure a strategy and good knowledge level do truly matter. I'm not sure if you already heard of those newbies that they only invest in BTC but still lose in the process. It is because of their lack of knowledge, they panic sell thinking it is the end of BTC once it dropped hard, not knowing it is only natural and part of the cycle.

As for the strategy, we can't just HODL and HODL forever or even if we sell, we still need a strategy to grow our gained profits more evenly because for those who don't have it, they just wasted their profits in useless things and they have nothing left eventually. Traders should make money at all times but taking a rest is also good for our overall health.

You are right, succeeding in trading is not about having surplus strategy,  this can even get one to be more confuse , it is even to just stick with few and work with the one that is more profitable. What a trader needs more to succeed in the bull market is to have a better understanding, discipline, with these I don't think one will be having any hard time in any season of the market.  Making it in trading is not about having plenty of strategies but for one to get the real understanding.

When a trader is able to determine when to enter market and exit the market usually make them become active towards their trade, of course a good trading strategies is enough but must times there some market conditions that may requires another best technicality to handle the market. Trading as we know is actually simple but it depends on how we started it otherwise, if we have a poor starting or as poor foundation while starting our journey in trading it makes it very difficulty to succeed because we didn't have that good start-up.

When I saw this your post, at first I thought it was something related to the topic, but it's totally different from what you are actually saying in the post,  but I will respond to both because they are two different question.

Responding to the title of this thread, I think you don't actually need any strategy in making money in the bull market, all you just have to do is buy Bitcoin and hold, and you will definitely make a fortune in the bull market regardless of your level of knowledge.

Then as for what you actually said in the thread, I think that as a trader that intend being profitable, one potent trading strategy is enough, and knowing when to stay off the market is another vital thing a trader must know, if he want to be profitable.

If it's done by an influencer - then it's worth it.
If it's not - it's really not, in my opinion.