Does a trading strategy becomes obsolete? - page 2.

beerlover

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

They do not become obsolete, but some of them work at some times, and some others work at other times. So if you learn what RSI is, then you could make a move and at times it will be the right move, and at times it will be the wrong move.

This is because there is also other things than the chart that decides the movements of bitcoin. Like lets say it looks oversold, and it will have a correction and it should go up right? Then something happens like FTX and it goes down even more. This doesn't mean that RSI is bad, doesn't mean it wasn't oversold, it just means that you happened to bought it at wrong time and it will get better with time if you be patient.

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Quote from: Viscore on January 07, 2023, 04:29:17 PM

Quote from: TheUltraElite on December 20, 2022, 03:21:00 AM

The reason why you thinking like this is because trading strategies are not 100% correct strategies at all. The reason why self-proclaimed gurus are going to promote them is to gain their own popularity and spread their own shitcoins. No strategy will ever be a full proof one.

The only thing that is going to help is buying low and selling high. Rest all indicators are going to only give a prediction and that too will end up 50% correct.

Eventually what I have learnt is that day trading is tough, but in long term trading, just stick to what I said, you will gradually gain profits.

Precisely, there can be no perfect strategies that will make you profitable at all times. They may be completely working at its early days but eventually, some turned out to be not working anymore that’s why strategies need to be improve and become advanced. But I don’t see them becoming obsolete and end up useless in time, of course they can still be useful but you need to know where they can be mostly helpful.

^Definitely right.
It should be 2-3 attempts that will become a failure and I think you need to proceed with other strategies and never stick to one strategy.
If this will not work for you, don't push yourself to use the same strategy because we have plenty of strategies that probably we use. However, this is only a tool in trading but strategies are only tools that we can use in trading. We cannot fully rely in our strategy, sometimes we need to hear news and events that could technically move the price. But at least this strategy will help you to increase your chances in predicting the price.

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Quote from: TheUltraElite on December 20, 2022, 03:21:00 AM

The reason why you thinking like this is because trading strategies are not 100% correct strategies at all. The reason why self-proclaimed gurus are going to promote them is to gain their own popularity and spread their own shitcoins. No strategy will ever be a full proof one.

The only thing that is going to help is buying low and selling high. Rest all indicators are going to only give a prediction and that too will end up 50% correct.

Eventually what I have learnt is that day trading is tough, but in long term trading, just stick to what I said, you will gradually gain profits.

Precisely, there can be no perfect strategies that will make you profitable at all times. They may be completely working at its early days but eventually, some turned out to be not working anymore that’s why strategies need to be improve and become advanced. But I don’t see them becoming obsolete and end up useless in time, of course they can still be useful but you need to know where they can be mostly helpful.

shinratensei_

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the only times trading strats become obsolete is when you are dealing with meme coins, their movements generally are so strange that I don't think your usually technical analysis would matter.
I think overall if you still follow textbooks technical analysis there bigger chance of you still making profits mainly because the others are also following the same pattern, but nowadays, it seems holding for long term have better roi than just trading whereas your profits is still uncertain.
I'd say you should be trading only if you have any skill of doing some technical analysis and already knows some trading strats otherwise it'd be hard for getting some good returns.

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Quote from: wxa7115 on January 02, 2023, 11:30:55 PM

Quote from: Lida93 on December 30, 2022, 09:03:27 PM

Every strategy or indicators have it's functionality each thereby playing it's different roles to bring the traders to conclusion on what decision or action to take for his trade or trades as the case may be, what every good trader needs to understand is that you don't need to trust just on one strategy , you need to bring in different strategies or indicators towards any trade you want to execute and see how they align with your instinct about such trade. No indicator looks obsolete it only depends on how monotonous you're using it and then it seems obsolete to you cause it's no more working for you as it were that doesn't mean it ain't working for the next trader.

And this is what makes trading so complex, if you use one time frame bitcoin may look bullish, but if you use a different time frame suddenly it looks bearish, similar indicators could also give you contradictory signals while you also read all kind of opinions about what the price is going to do by experts and newbies alike.

So it is up to the trader to make sense of all the noise that surrounds the markets, and if you cannot do it then it is going to be almost impossible to succeed as a trader.

That is why you should consider the big picture. There are also traders who don't use indicators and rely only on charts, like "naked traders." These are simply tools for our biases to use before entering a trade to see if there is confirmation from our strategy. With all of those noises (indicator signals, news, etc.), that is where your strategy comes in on what to follow, which is the most crucial part of trading, so it would be impossible that strategy would become obsolete as this is what we use before we trigger our trade.

adzino

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There is no such thing as perfect trading strategy that will keep on giving you profit. Some strategies might work due to luck, but eventually it will become obsolete. If such strategies exist, literally everyone would be trading to make profit, right? The market isn't always the same and it changes every second. Anyone trying to sell you the perfect strategy is only trying to scam you. The best strategies can help you is keeping control of your loss.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

Says who? RSI has been existing for trading for several decades (1978) and has still been used by many traders. The same goes for MACD, except that markets have their time when indicators seem to work better or worse with them. There are some bad market conditions, and indicators are not to be blamed in this regard. If it were to be another indicator, I would have said that the trader might be wrong about its efficiency from the beginning, but not with the RSI and MACD if used properly.

Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

Do not let the so-called Gurus deceive you, there is nothing new trading strategy in the market anymore, they could only deceive you that they have created a strategy, but the strategy has been in existence for long. Even though their software is using a well-known strategy, except that you might not know what they code in it. And if you are not satisfied with this, I challenge you to name a new strategy, I will tell you the year I learned it because no trading strategy is new to me.

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

There is nothing absolute in trading, no matter how smart a trader is in analysis and other knowledge, he will still be wrong and resulting in losses.
Currently what is quite absolute is about the 4 year cycle and it has been repeated several times, traders who continue to use this method buy a lot when they are bearish and sell them when they are bullish get big profits.
Learning from the experts is very good but still using your own analysis is much better to find out which ones are still lacking in our analysis.

WalkerIVIV

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strategy never becomes obsolete it's just some coins are indeed straying away from the conventional pattern and instead just increase in value out of nowhere, you see some meme coins basically doing this all the time.
I think nowadays strategy is still essential but just never rely on it too much I guess, after all some coins that purely gets driven by trend could score some really significant increase.

jrrsparkles

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Quote from: Woodrose on December 19, 2022, 11:10:47 AM

I am trying to learn more about trading strategies specially in Technical Analysis. Upon trying different indicators, it comes to my mind that indicators might become an obsolete one day.

Just imagine if all of us knows how to use RSI and MACD. We all know when it is overbought or oversold. Therefore, we already know as well when it is good to enter and exit in market. Since we all knew about, RSI is not a good indicator anymore and many of us will find a new indicator that will provide us more details than the latter one.

Now, many Trading Gurus are teaching the best strategy to use. Wherein fact, strategies are becoming obsolete as time goes by. If you are new in trading world, definitely you will be eaten by those traders who know a lot in trading.

It doesn't become obsolete but when everyone applies the same strategy the effectiveness will becomes less so only who thinks out of the box will sustain and other who trade by books will be just same as others.

Technical analysis is only a part which highly involved in short term trading but the basic is simple buy low and sell high which will never change so sticking to basics is important no matter what strategy we are trying.

wxa7115

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Quote from: Lida93 on December 30, 2022, 09:03:27 PM

Every strategy or indicators have it's functionality each thereby playing it's different roles to bring the traders to conclusion on what decision or action to take for his trade or trades as the case may be, what every good trader needs to understand is that you don't need to trust just on one strategy , you need to bring in different strategies or indicators towards any trade you want to execute and see how they align with your instinct about such trade. No indicator looks obsolete it only depends on how monotonous you're using it and then it seems obsolete to you cause it's no more working for you as it were that doesn't mean it ain't working for the next trader.

And this is what makes trading so complex, if you use one time frame bitcoin may look bullish, but if you use a different time frame suddenly it looks bearish, similar indicators could also give you contradictory signals while you also read all kind of opinions about what the price is going to do by experts and newbies alike.

So it is up to the trader to make sense of all the noise that surrounds the markets, and if you cannot do it then it is going to be almost impossible to succeed as a trader.

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Quote from: Lida93 on December 30, 2022, 09:03:27 PM

Every strategy or indicators have it's functionality each thereby playing it's different roles to bring the traders to conclusion on what decision or action to take for his trade or trades as the case may be, what every good trader needs to understand is that you don't need to trust just on one strategy , you need to bring in different strategies or indicators towards any trade you want to execute and see how they align with your instinct about such trade. No indicator looks obsolete it only depends on how monotonous you're using it and then it seems obsolete to you cause it's no more working for you as it were that doesn't mean it ain't working for the next trader.

the more experienced the trader, of course, the more strategies they use to plan trades.
some techniques may not be suitable for certain market conditions. and some traders sometimes use other trading techniques to get profits depending on market conditions.

situations that may be different may be experienced by new traders. a very little experience and skill, of course, more they are just guessing.

Lida93

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Every strategy or indicators have it's functionality each thereby playing it's different roles to bring the traders to conclusion on what decision or action to take for his trade or trades as the case may be, what every good trader needs to understand is that you don't need to trust just on one strategy , you need to bring in different strategies or indicators towards any trade you want to execute and see how they align with your instinct about such trade. No indicator looks obsolete it only depends on how monotonous you're using it and then it seems obsolete to you cause it's no more working for you as it were that doesn't mean it ain't working for the next trader.

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Quote from: boyptc on December 19, 2022, 03:25:08 PM

Nah, they won't become obsolete.

No matter what happens to the market, these strategies will remain and will still be applicable mostly to the markets where it's been mostly used. That's why even in other markets, these have been tried and seen to be a good indicator.

It's just so happen that there are too many of them and you've got to choose what's proven to be good and effective. They might not work for sometime and that's why there are other strategies you can work for.

Strategies are built not to become obsolete and outdated when time comes. Sure some might not be working in a bearish market condition, but it can still be considered effective when the market turns bullish as we find it easily to trade when the market is bullish. So strategies will not become obsolete, but we also have to improve them and enhanced them when we see they are not that useful anymore.

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Quote from: Wolfblood200$ on December 30, 2022, 04:28:22 AM

Well I'm new to crypto and a bit loss on the best strategy to take , I will be grateful if you issue out a reliable strategy to embark on

If you are a newbie then the best strategy would be long term investment and not trading. I know many people think that it would be better if they could end up with some profit in the long run by trading, because trading could make them a lot of profit if they could find the peak to sell and bottom to buy and keep repeating that and it's true.

But, newbies can't do that just yet, you need to learn a lot more about trading before you could take that risk and it is clear that we should be able to just invest long term until the price goes up and meanwhile learn the trading part of crypto during this time. It will give you both profit and time as well, and you will be ready.

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Well I'm new to crypto and a bit loss on the best strategy to take , I will be grateful if you issue out a reliable strategy to embark on

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Quote from: wxa7115 on December 28, 2022, 12:23:08 AM

Quote from: TheUltraElite on December 26, 2022, 04:03:52 AM

The main strategy should be to buy low and sell high. No other strategy is actually neede to make profits is this method is followed religiously and meticulously with patience. Because of the tendency of Bitcoin to go up and down in cycles the chances that you will gain from this method are huge but time taking and safer than altcoins on any time frame.

But that is not a strategy, that is the goal any trader wants to achieve, but how do you achieve this? That is what everyone would like to know, because the very moment in which you can develop such a method to make profits you can just forget about your money issues as you will be part of the 1% of the trades which make a good amount of money from the markets.

Unfortunately finding how to do this is incredibly hard and it takes months or even years of study, and that is a commitment that very few people are willing to take despite the immense rewards such efforts can bring them.

Imagine how you will know if it is already low and you need to buy?What will you do with it? It is impossible to predict without a strategy and indicators. You only look at it with your eyes? No, you need to check all the timeframes and check possible buying or selling points using your strategy. There is no easy way to easily learn this; you need to have patience and also the determination to continue learning, as you can't earn a profit in just one night; it takes months or years, and you'll go through a lot of mistakes before achieving your goals.

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Quote from: TheUltraElite on December 26, 2022, 04:03:52 AM

The main strategy should be to buy low and sell high. No other strategy is actually neede to make profits is this method is followed religiously and meticulously with patience. Because of the tendency of Bitcoin to go up and down in cycles the chances that you will gain from this method are huge but time taking and safer than altcoins on any time frame.

But that is not a strategy, that is the goal any trader wants to achieve, but how do you achieve this? That is what everyone would like to know, because the very moment in which you can develop such a method to make profits you can just forget about your money issues as you will be part of the 1% of the traders which make a good amount of money from the markets.

Unfortunately finding how to do this is incredibly hard and it takes months or even years of study, and that is a commitment that very few people are willing to take despite the immense rewards such efforts can bring them.

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Quote from: TheUltraElite on December 26, 2022, 04:03:52 AM

Quote from: KingsDen on December 23, 2022, 10:34:25 AM

Trading strategies don't go obsolete but it is the market that changes. The market is becoming more dynamic daily, so at a point the market will tend to defeat your strategy and at another point, the market will obey your strategies .
That is why it is good to always test your strategy and also have alternative strategy incase market rejects the one you hope on.

The main strategy should be to buy low and sell high. No other strategy is actually neede to make profits is this method is followed religiously and meticulously with patience. Because of the tendency of Bitcoin to go up and down in cycles the chances that you will gain from this method are huge but time taking and safer than altcoins on any time frame.

While there are methods to make loads from altcoins, they always come with an inherent risk and the chances that you get into losses quickly before you make any profit is more.

That's easier said, but I suppose it's hardly ever done, or else each and everyone of us in the forum, or the community for that matter, would have already been very VERY rich. Plus not only rich, but rich off the money that we would have been front-ran from those wealthy billionaires that came in during 2017, and 2021. Hahaha.

But if everyone is looking for another golden opportunity, it is HERE, and it is NOW. Start saving again, you have the whole of 2023 to buy Bitcoin and HODL.

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Quote from: KingsDen on December 23, 2022, 10:34:25 AM

Trading strategies don't go obsolete but it is the market that changes. The market is becoming more dynamic daily, so at a point the market will tend to defeat your strategy and at another point, the market will obey your strategies .
That is why it is good to always test your strategy and also have alternative strategy incase market rejects the one you hope on.

The main strategy should be to buy low and sell high. No other strategy is actually neede to make profits is this method is followed religiously and meticulously with patience. Because of the tendency of Bitcoin to go up and down in cycles the chances that you will gain from this method are huge but time taking and safer than altcoins on any time frame.

While there are methods to make loads from altcoins, they always come with an inherent risk and the chances that you get into losses quickly before you make any profit is more.

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