Topic: Do you think to succeed in the bull market you need to acquire more strategy? - page 4. (Read 1311 times)

The truth is, many traders believe that having a lot of strategies means having multiple ways to adapt to the market’s conditions. But the harsh reality is that, even with hundreds of strategies, we can’t perfect them because of the market’s constant changes. Indeed, trading is stressful, and we feel even more pressure when we want instant results. This is why many of us end up quitting; we’re overwhelmed, unsure of what to do, and don’t know which strategy to use. That’s why, in order to succeed as traders, we shouldn’t rush and should focus on just one or two strategies to avoid unnecessary pressure.

By knowing that there are many trading strategies and you might fail with many trading strategies too. Failures in trading can come from your trading strategies, or your lack of psychology control to be disciplined enough with a good strategy, or combination of them.

A trading strategy can be good, brings profit to a disciplined trader but can be a failed strategy with you, but it's because of you as a person who can not use it properly and disciplined.

By knowing this, a trader will no longer be naive that he will get profit with strategy A, B, C and use all capital for trading in testing journey. Always know that loss can come and never use all capital for trading.

You are right about that but do you know that " one good head is better than 5 useless heads"? Yes! We can apply several strategies and ends up not winning or even making profits.
There are lots of people who has applied several and different types of strategies yet doesn't results being fruitful at last. Listen I am disputing the fact you aren't right and all things you said is correct, but trading most times doesn't easy give profits by having all the strategies.

Crypto trading is not same thing as the forex market which have different sessions and based on my observation, crypto doesn't obay those sessions. Just develop some good trading strategy and while scalping, go for a coin that is has a trending candle and not market that is going sideways and when you know how to combine your strategy and also trading a solid coin, you will definitely make profit.

This is the basic law for any trader - buy low, sell high, but easier said than done, isn't it? I also agree that the only way that will be suitable for a beginner is spot trading, since in futures he will most likely lose everything and this will happen very quickly. And when to sell and when to buy is the strategy, because this choice is fundamental in trading and without it you will not be able to make a profit, and how many such strategies can be applied is the trader's business, he can apply several, but in the end I think that everything will come down to the fact that he will impoverish them for himself in one.

As a beginner, the only strategy that exists is buy low and sell high. Literally nothing else is needed.
But the person also needs to gauge when to buy and when to sell. That needs practice and observation, it cannot be solved by "strategy"

This is of course speaking in terms of spot trading - the only mode of trading that I recommend because the rest of them a plain gambling and highly risky.

For those who have a background in speculative trading this is a piece of cake to run. But the timings correct is the thing of difficulty.

First, a trader can start with 2-3 strats, and after trying them out, he can choose only the ones that bring profit to him. Or stick with a mix of them, it's the beauty of it - you are a painter on the market, and you can use any colors you want. In any combination 

The theory is one thing, and the market itself - is different.
Only by going in the real trading sessions and adapting to the conditions presented, a trader can succeed, in my opinion.

Strategy is not very important for trading. If you are consistent or experienced with one technique you may not need different techniques. The most important trade knowledge and practical experience for trading. A beginner does not need a strategy at all, rather he needs to learn any strategy that works and be consistent. When he becomes experienced in trading or becomes a skilled trader he can learn different strategies or trade with different strategies. Different strategies can be profitable for a skilled trader.

Different strategies for a researcher will not only confuse him but also waste his time, effort and money. Two or three strategies make an experienced trader a smart trader but multiple strategies can be counterproductive for a beginner.

At least hodlers of big coins know what to do and what - not - to do.
Everything else has higher potential, but higher risks too.
And you chose any path, really - you should stick and make up a plan for yourself, with goals in mind to take them eventually, not to drain yourself out from the possibilities at hand.

Each trading session is different and each time you come onto the market with a different mood, goals, and overall situation - sometimes it's a bad one, sometimes - you excel at scalping the bits of the market out.
However, truly, it's a very hard line of doing things due to how invested and acknowledged a person should be in order to succeed.

Succeeding does not require you to know everything but just to be good at one thing then after you can do other things that you always wanted to do. We can succeed with just one strategy but we have to be very good at it so we do not fail or we miss out of making profits this bull market and when we do that, we then have to wait for another bull market which does not come around until another 4 years after Bitcoin halving is completed. The next bull market is going to start from 2028, for hodlers, the strategy is simple and that is to continue hodling until your target has been meant. Hodling is the easiest because for trading, there is a risk of losing when you start trading and the strategy that you are using has to be the right now which you would not know until the trades is completed.

A plan to close trade after losing 10%? And probably open another position and collect 5% profit. Then open another position and stopped lose after losing some percentage too? You call that a plan? There are scalpers that are making profit, yea, they know how to handle the strategy but some can not, they keep running short and long until they get to -50% of their asset or more.  I know it's not all and am not referring to all.

One of the common questions of the newbies in crypto is how they can earn a lot of big money instantly by investing in crypto and even in trading we know how social media so powerful with their advertisements, and promotional statements come from known people but in reality, after they joined is this is not that easily you need to give a lot of effort, engagement, knowledge, and skills. Good for the newbie today because they now have a different platform supporting paper trading which they can now try their new strategy, analyze the market, and make real-time trading with the demo account so they don't need to get bothered even if they lose their trade. Still, of course, its hit differently once you already experienced it in real live trading because you now risk your money and emotions, and your analysis will contradict if the market is against your set-up.

Totally.
There is no golden road paved for you, you slowly create it yourself, and it won't be a narrow path to profit.
First, you go for the theory and knowledge, and then you apply it, and evolve + adapt upon it.

DCA is definitely done in more than some hours.. I would say it's months and years before it truly works, with good coins, that is 

It's easier to go with one and a reliable one, or if you don't have such a strat - work on it.
And be sure of yourself in doing so.

That is what some newbies don't comprehend, they believe it will just make them wealthy soon. They don't realize that high risk is more than just investing in bitcoin. I will never advise my friends or family to start trading because they lack knowledge about it. Instead, I will encourage them to start with investments so that, once they have learned enough and understand the risk, I will introduce them to trading so that they can begin learning and researching it. since I don't see anything that is more risk than trading since you will never achieve anything if you don't have information about it because you will just waste your time and effort on something that you don't understand. Investment you can just guide someone on how to invest and told him the coin to invest, and tell him the roll that he will follow and will surely understand in just one to two days if is serious to learn.

But when it comes to trading, you can't just study it in one or two weeks; you need to spend two to three months on it before you can pick many things and then obtain new tactics from your mentor who is helping you for a month. You are correct that before someone can make a large profit on a bull run, he must invest while the price is low so that when the bull run arrives, he can make a large profit. However, but is still a good idea to buy anytime since you never know where the price will go because it is unpredictable.

For you to succeed in the bull market, even if we only use one strategy, we can succeed as holders or traders in this bull run that we are facing. In fact, when you use a lot of strategies,
it will be complicated for us as holders and traders in this field.

I've tried this; in fact, the more I think of a strategy, the more the assets I hold in any exchange are in jeopardy, to be honest. So if it's just one or two without hassle,
won't you be stressed in the end?

Being scalper kind of trader is the hardest type on which dealing up with volatility in shortest time possible isn't something that you can do or most traders couldn't be able to do and that's why some of them would be adjusting on being a swing or long term holder, actually it would be basing up on someone's risks management because there are those traders who do have that courage or able to bare up with market volatility and that's why they could be able to handle themselves. For me as a trader then I'm a type of swing trades on such it would be playing around 3-4 days in between trades. It do also depends on certain factors when making up some trading position or entries or exits on which there will be those news and fundamentals that could affect the movement. Profitability will be basing up on someone's experience and skills and emotion control.Profit taking will really be that important because we do know that in every cycle there's bearish and bullish on which you should really be mindful on taking profits rather than on waiting for another cycle to sell profits.You could utilize these profits for you to be able to buy or accumulate when bear market hits