Is it best to have a personal trading strategy? - page 10.

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Quote from: rendravolt on October 11, 2022, 06:10:25 PM

Quote from: ShowOff on October 11, 2022, 05:38:01 AM

The personal trading strategy I have in mind is to buy on the dip and wait for the market to bounce. Price fluctuations will help you make a profit but of course the best recommendation is on bitcoin rather than altcoin.

For most of the time, bitcoin is the best asset on the market that allows you to make a decent profit. The strength of your capital will determine the amount of profit earned, but of course for a higher risk. I don't have a specific trading strategy, but buying on the dip and accumulating it over the long term is the best option.

If we trade bitcoin, it will certainly be safer than other altcoins that have low volume and high volatility. But if you have little funds, trading on bitcoin is certainly not the right choice because you can only get a small profit, but if you trade a new altcoin and the fundamentals are very good, of course it will multiply your money. It should be noted that all trades have their respective risks, if you are still a beginner it is better to trade safely.

choosing a new asset to trade is sometimes too risky. due to market fluctuations that are still very fast. not yet a project that is still not going well. because what happens in the market is just a short hype that the community creates.
even with a small capital, I think it will be safer to trade altcoins which already have a strong market. it will be safer than trading new altcoins.

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Quote from: tvplus006 on October 11, 2022, 06:53:31 AM

Quote from: ShowOff on October 11, 2022, 05:38:01 AM

The personal trading strategy I have in mind is to buy on the dip and wait for the market to bounce. Price fluctuations will help you make a profit but of course the best recommendation is on bitcoin rather than altcoin. ..

"Sell at the maximum price and buy at the minimum" is not a trading strategy, since this is the basic rule of trading, which should ensure profit. But in this case, the conditions that precede the opening or closing of a transaction, as well as the risk of the transaction and its term, are considered for the trading strategy. Accordingly, different interpretations generate a huge number of trading strategies, and each trader in this case can develop an individual one.

Correct, that is the goal but how do you achieve something like it? That is the real problem as that is what we would call a strategy, but many traders simply do not see the difference, which is why we see the majority of them losing their money to the markets.

And while it is disappointing to see many people losing their money in that way, at the same time if it was not because of them then it would be impossible for the rest of the traders to obtain any profits.

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Quote from: ShowOff on October 11, 2022, 05:38:01 AM

The personal trading strategy I have in mind is to buy on the dip and wait for the market to bounce. Price fluctuations will help you make a profit but of course the best recommendation is on bitcoin rather than altcoin.

For most of the time, bitcoin is the best asset on the market that allows you to make a decent profit. The strength of your capital will determine the amount of profit earned, but of course for a higher risk. I don't have a specific trading strategy, but buying on the dip and accumulating it over the long term is the best option.

If we trade bitcoin, it will certainly be safer than other altcoins that have low volume and high volatility. But if you have little funds, trading on bitcoin is certainly not the right choice because you can only get a small profit, but if you trade a new altcoin and the fundamentals are very good, of course it will multiply your money. It should be noted that all trades have their respective risks, if you are still a beginner it is better to trade safely.

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Quote from: ShowOff on October 11, 2022, 05:38:01 AM

The personal trading strategy I have in mind is to buy on the dip and wait for the market to bounce. Price fluctuations will help you make a profit but of course the best recommendation is on bitcoin rather than altcoin. ..

"Sell at the maximum price and buy at the minimum" is not a trading strategy, since this is the basic rule of trading, which should ensure profit. But in this case, the conditions that precede the opening or closing of a transaction, as well as the risk of the transaction and its term, are considered for the trading strategy. Accordingly, different interpretations generate a huge number of trading strategies, and each trader in this case can develop an individual one.

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The personal trading strategy I have in mind is to buy on the dip and wait for the market to bounce. Price fluctuations will help you make a profit but of course the best recommendation is on bitcoin rather than altcoin.

For most of the time, bitcoin is the best asset on the market that allows you to make a decent profit. The strength of your capital will determine the amount of profit earned, but of course for a higher risk. I don't have a specific trading strategy, but buying on the dip and accumulating it over the long term is the best option.

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I developed my own trading strategy from the numerous ones available on the internet, I made some adjustments and amendment based on concepts and ideas obtained from other strategy to suit my personal style of trading and stick to it having tested it via demo trading, so far it's has yeilded positive results, though there is no perfect strategy however, applying money management helps to recover losses incurred while trading, I detest the idea of picking a trading strategy at a time as well as dropping dropping it without enough period of testing to determine it efficacy and efficiency this is very common with newbies in trading.

I agree with you, applying your own strategy in crypto trading will really help you to understand so many things in the market, because there are two things you will surely meet in crypto market, which are profit and loss. If you have tested losses in the market you will not like to experience it again than to apply your personal strategy that will lead you to profits making at the end of the market. If you can use your own strategy to buy in this bearish season and hold for the market price to change in future before you can sell, it will really help you to achieve something good from the market in future.

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Quote from: SOKO-DEKE on October 10, 2022, 06:01:55 PM

Quote from: Obari on October 02, 2022, 01:54:27 PM

Having a personal strategy to me isn't just the key but the ability to stick to it, is. I have been trading synthetic indices for over 6months and I feel it is better to have a working personal strategy and keeping to it, even at the days and times of loss.

Yes, having a personal strategy is really important because it is the first and most significant step to achieving success in life, whether it be in a career or in self-realization. You will learn how to reach your goals with the least amount of time and effort as you create a personal approach. Once you select your particular approach and it is successful, I believe you will have no trouble finding for alternatives.but it not working out you need to follow others strategies to make it work out, it is not necessary to stick to it.

There are many benefits to using your own strategy to trade the markets, most people only think on the economic benefits but the benefits way go beyond that, one of them is confidence, if you trade using the strategy of someone else even if you are successful you are still only using what someone else investigated and researched, but if you are earning profits with your own strategy this will give you the confidence not only to trade the markets, you will also get confidence in many other aspects of your life as you will know that you are extremely capable, because as we know earning profits in the market is not something easy to do.

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Quote from: fauzan Ichsan on October 10, 2022, 08:23:06 AM

Quote from: blockman on October 10, 2022, 07:17:51 AM

Quote from: BinarySumo on October 10, 2022, 06:49:06 AM

A strategy is must to have a successful trading career. Your strategy should align with your goals and your behaviour. Be consistent. And don’t rely on the strategy of others as they might not work for you.

Consistency is important whether you have a personal strategy or you're just copying the strategy of others. Once you're set and you're doing it, just be consistent and keep doing it until there's an error and it's no longer working.
But if it's working, keep on hustling with that strategy that you've been using, and don't change anything until it's not effective anymore to you. That's the key to making yourself profitable with whatever strategy that you do when you trade. You'll learn a lot of it more when you're doing it and gain more experiences.

from experience it will teach us many things, we can understand mistakes that should not be made, by honing skills continuously and learning from experience, then we will automatically be able to find trading strategies that can make us enjoy when trading. not everyone can do something like this, because most of them are not able to go through the learning process that will lead us to consistent profit

Some people when they hear about crypto they just want profit without going through the process,
but that's the fact it's like that and sometimes there are people who just get in the middle of the road and then just give up,
There are many things you must have if you really want to be successful

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Quote from: Obari on October 02, 2022, 01:54:27 PM

Having a personal strategy to me isn't just the key but the ability to stick to it, is. I have been trading synthetic indices for over 6months and I feel it is better to have a working personal strategy and keeping to it, even at the days and times of loss.

Yes, having a personal strategy is really important because it is the first and most significant step to achieving success in life, whether it be in a career or in self-realization. You will learn how to reach your goals with the least amount of time and effort as you create a personal approach. Once you select your particular approach and it is successful, I believe you will have no trouble finding for alternatives.but it not working out you need to follow others strategies to make it work out, it is not necessary to stick to it.

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Quote from: blockman on October 10, 2022, 03:52:47 PM

Quote from: fauzan Ichsan on October 10, 2022, 08:23:06 AM

Quote from: blockman on October 10, 2022, 07:17:51 AM

Consistency is important whether you have a personal strategy or you're just copying the strategy of others. Once you're set and you're doing it, just be consistent and keep doing it until there's an error and it's no longer working.
But if it's working, keep on hustling with that strategy that you've been using, and don't change anything until it's not effective anymore to you. That's the key to making yourself profitable with whatever strategy that you do when you trade. You'll learn a lot of it more when you're doing it and gain more experiences.

from experience it will teach us many things, we can understand mistakes that should not be made, by honing skills continuously and learning from experience, then we will automatically be able to find trading strategies that can make us enjoy when trading. not everyone can do something like this, because most of them are not able to go through the learning process that will lead us to consistent profit

In the long run, that's the result of being experienced. You'll get the knowledge that you haven't got when you're still a newbie in trading. That will sort out things on how it happened and what you can do to avoid it from not happening.
The learning you'll get based on the process of trading will make you a better trader, as you formulate a strategy or someone's strategy being used and it's working, that's what matters with all of it. Because even if some are trying to apply what they know as a strategy, it's just not enough and there's the reality that trading might not be for them.

Experience would be the best teacher on which you would really be definitely able to acquire up these things on the time that you do continue on engaging with trading.Its not bad on looking on others analysis or ways
because you are really that accumulating for you to apply into your own analysis.Its always been okay on being independent rather than on making yourself be that depending on others methods.
You would really be finding out for yourself on how sensible on having your own strategy and you could really create your own analysis which you can depend or rely on.
Most noobs wouldnt really be considering on doing this initially but instead they would really be having that copy trading.

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Quote from: fauzan Ichsan on October 10, 2022, 08:23:06 AM

Quote from: blockman on October 10, 2022, 07:17:51 AM

Consistency is important whether you have a personal strategy or you're just copying the strategy of others. Once you're set and you're doing it, just be consistent and keep doing it until there's an error and it's no longer working.
But if it's working, keep on hustling with that strategy that you've been using, and don't change anything until it's not effective anymore to you. That's the key to making yourself profitable with whatever strategy that you do when you trade. You'll learn a lot of it more when you're doing it and gain more experiences.

from experience it will teach us many things, we can understand mistakes that should not be made, by honing skills continuously and learning from experience, then we will automatically be able to find trading strategies that can make us enjoy when trading. not everyone can do something like this, because most of them are not able to go through the learning process that will lead us to consistent profit

In the long run, that's the result of being experienced. You'll get the knowledge that you haven't got when you're still a newbie in trading. That will sort out things on how it happened and what you can do to avoid it from not happening.
The learning you'll get based on the process of trading will make you a better trader, as you formulate a strategy or someone's strategy being used and it's working, that's what matters with all of it. Because even if some are trying to apply what they know as a strategy, it's just not enough and there's the reality that trading might not be for them.

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Quote from: blockman on October 10, 2022, 07:17:51 AM

Once you're set and you're doing it, just be consistent and keep doing it until there's an error and it's no longer working.
But if it's working, keep on hustling with that strategy that you've been using, and don't change anything until it's not effective anymore to you. That's the key to making yourself profitable with whatever strategy that you do when you trade. You'll learn a lot of it more when you're doing it and gain more experiences.

If you stick to a working strategy for so long as long as it's working, what then happens when it completely stops to work trial and error comes in. As a trader it is best to first understand what ever strategy used be it personal or copied then when it stops working it will be easier to make adjustment to suit the present market changes.

In as much as every trader uses a strategy improving on those strategy makes one better than the other. No strategy will ever work for ever, in my own opinion i believe review, update and consistent visit of strategy is important

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Quote from: blockman on October 10, 2022, 07:17:51 AM

Quote from: BinarySumo on October 10, 2022, 06:49:06 AM

A strategy is must to have a successful trading career. Your strategy should align with your goals and your behaviour. Be consistent. And don’t rely on the strategy of others as they might not work for you.

Consistency is important whether you have a personal strategy or you're just copying the strategy of others. Once you're set and you're doing it, just be consistent and keep doing it until there's an error and it's no longer working.
But if it's working, keep on hustling with that strategy that you've been using, and don't change anything until it's not effective anymore to you. That's the key to making yourself profitable with whatever strategy that you do when you trade. You'll learn a lot of it more when you're doing it and gain more experiences.

from experience it will teach us many things, we can understand mistakes that should not be made, by honing skills continuously and learning from experience, then we will automatically be able to find trading strategies that can make us enjoy when trading. not everyone can do something like this, because most of them are not able to go through the learning process that will lead us to consistent profit

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Quote from: BinarySumo on October 10, 2022, 06:49:06 AM

A strategy is must to have a successful trading career. Your strategy should align with your goals and your behaviour. Be consistent. And don’t rely on the strategy of others as they might not work for you.

Consistency is important whether you have a personal strategy or you're just copying the strategy of others. Once you're set and you're doing it, just be consistent and keep doing it until there's an error and it's no longer working.
But if it's working, keep on hustling with that strategy that you've been using, and don't change anything until it's not effective anymore to you. That's the key to making yourself profitable with whatever strategy that you do when you trade. You'll learn a lot of it more when you're doing it and gain more experiences.

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A strategy is must to have a successful trading career. Your strategy should align with your goals and your behaviour. Be consistent. And don’t rely on the strategy of others as they might not work for you.

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I think if you can earn and make a living from trading then the answer is Yes , because enhancing our capability to learn and trade is something others cannot do so why stick to something that you can make an upgrading?

and we are talking about profiteering here so everything that can bring us more income is of course best to use.

Personal trading strategy is not that I have now but love and willing to use once I fully understand the trading world in crypto. things that until now I don't master .

Quote from: strunberg on October 08, 2022, 07:38:17 PM

Quote from: Xampeuu on October 08, 2022, 02:33:38 AM

personal trading strategies are acquired through a long process so gain a lot of experience and find solutions to his own trading problems. sometimes someone tries many trading strategies and looks for the best, but actually I think it's best to maintain our psychological stability, that way we can launch our strategy well, but indeed a personal trading style must be found to be able to enjoy trading itself

take a simplest methode that suitable with our character and mentality, trading type.alot trading system' developted there ,but it could different with our character so maybe could not generate profit. I am agree psychology be number one in trading ,it Will make us really patience waiting best position with entry level and also controling our mental while suffering loss.

good advice , this is the problem about those who wanted to trade, they are only seeking for easier method but the truth is? did not suit them at all.

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Quote from: Xampeuu on October 08, 2022, 02:33:38 AM

personal trading strategies are acquired through a long process so gain a lot of experience and find solutions to his own trading problems. sometimes someone tries many trading strategies and looks for the best, but actually I think it's best to maintain our psychological stability, that way we can launch our strategy well, but indeed a personal trading style must be found to be able to enjoy trading itself

Sure, owning a personal trading strategy isn't an easy thing, it must require a lot of experience through trading activities for years. That's why I think a personal trading strategy is for an experienced trader only. Newbies won't have a chance to find their personal strategies. Regarding psychological stability, it is a difficult matter to have psychological stability, even a mature person doesn't guarantee to have psychological stability. If it is a key factor for a person to find his own strategy, so it will be very few people who have the ability to own personal trading strategies. I don't know whether psychological stability has that very crucial role or not, but surely it is something good to achieve.

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Quote from: Xampeuu on October 08, 2022, 02:33:38 AM

personal trading strategies are acquired through a long process so gain a lot of experience and find solutions to his own trading problems. sometimes someone tries many trading strategies and looks for the best, but actually I think it's best to maintain our psychological stability, that way we can launch our strategy well, but indeed a personal trading style must be found to be able to enjoy trading itself

take a simplest methode that suitable with our character and mentality, trading type.alot trading system' developted there ,but it could different with our character so maybe could not generate profit. I am agree psychology be number one in trading ,it Will make us really patience waiting best position with entry level and also controling our mental while suffering loss.

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Quote from: Obari on October 02, 2022, 01:54:27 PM

I'm seeking to know if having a personal trading strategy has been able to enhance your trading profitablity and if you really keep to a particular strategy that worked for you even when it seems it's failing you later on and for how long do you stick to this strategy?

But of course, everyone has different temperament and that shows without any hindrance during trading. Each to their own and that's why it's highly advisable for every trader to develop their own trading plan. Look at this scenario, if all traders were to use the same pattern or even follow a particular trade signal, trust me there are still some that won't make the same level of profit from it as others. I'm talking of the same trade signal handed over to different traders. With time, I've learnt not to use default settings of any indicator I fancy. I must tweak and find my own setting. So far so good, I rely most times on my trading plan and if I've to take anybody's call it must align with mine. Otherwise, I stick to mine.

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Quote from: so98nn on October 04, 2022, 11:56:22 AM

Oh yes, personal strategies are always best no matter what others would suggest. The thing is, abc strategy might be best for one person or the other but it may not work you or me as perfectly as it does for them. It’s very simple, their method of working, thinking, reasoning could be at another level while ours could be at another. With this said it’s always perfect to make your own strategies, build the logics and personal methods to trade in every day basis. Definitely it will be different than what you do or gain in the current method.

However, building our own strategy that will work on us takes time. There are times that we only followed those strategies that have been proven effective to other traders, but still when we come to use it, the outcome differs. So it only means that certain strategy is not fit for us, and we should always keep digging and testing until we come up with a good strategy that will definitely make us profitable through successful trading.

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