Is it best to have a personal trading strategy? - page 11.

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Quote from: Kelvinid on October 05, 2022, 07:33:45 AM

Quote from: Bhig Daddy on October 05, 2022, 05:06:18 AM

Having your own method is beneficial, but incorporating other people's concepts into your trading plans is never a good idea. Most of the time, I merely imitate other people's positions, but I always have the option to change course if I believe my position isn't the greatest. It's better to assess the market before using your approach or someone else's technique since, of course, you're not always in the black.

It is not about incorporating concepts but we use others' ideas to make our own and make them even better. In fact, I'd learn trading by watching online tutorials, I copy their method and strategies in trading. But I'd see that was an effective strategy to follow that is why I'd leveled it up and created my own. Maybe for some reason, we retain those ideas we've learned from others and I never find it wrong as long as it works well, and we are comfortable with it.

That's a good way of becoming a good trader. You could find what people do, and change it just enough to make it better for your own personality. People think that there is a single way of everyone making profit and they are trying to find that, but in reality there isn't one at all. We are all different people and that means we are going to end up with a different result in the long term, and that's going to be something a lot better if you could configure your strategy to whatever you are like.

I personally do not even trade that much, I just invest, but when trading I try to make it quick, even 1 satoshi profit after all costs is fine for me to leave, and keep repeating that as many times as I can.

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Quote from: Obari on October 02, 2022, 12:54:27 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.

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?

For me I'd rather stick to my own personal strategy in trading than to do copy trading in other trading platforms. Yes, copy trading is profitable and you do nothing but copy other's people approach, however, there's no benefit on it aside from making profits, lucky if it's always. What I mean is, personal trading strategy has a lot more room for growth compare to copy trading.

It's okay to failed, no matter how many times it is, you failed because you're trying, and when you're trying it means you could be better, and that's what gonna brings a lot of profit for you in the future, so just keep on grinding.

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Quote from: topman21 on October 06, 2022, 06:39:55 PM

Quote from: Obari on October 02, 2022, 12:54:27 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.

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?

Professional traders must have some personal strategy and continue trading with that personal strategy.It is not always possible to trade with technical and fundamental strategies, of course there is an emergency need for own personal strategy trading platform.Otherwise, trading in this market can never be sustained and money cannot be profited even in short time.

after all trading must also have your own personal strategy or even better you don't have to follow other people just to trade,
traders also have their own ways even the ones they use for analysis are also different,
if you understand technical analysis it's better to do your own trading strategy because it will make you comfortable.

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Quote from: nurilham on October 06, 2022, 06:59:31 PM

Having a personal strategy of course will be important to ensure that you have been aware and ready for the position. However, there is a process to setting the personal strategy. I mean that personal strategy may be arranged from some sources, from learning from others, from learning from our own experiences previously. We cannot avoid other people's tactics or strategies or even experiences becoming one of the best ways for us to make certain considerations, then, it is conformed to our own trading ways and methods.
However, a personal strategy on trading for me will probably also change depending on the market condition. But so far, I know that my personal strategy in trading is still not really good, still in the learning process.

It is very important to have a personal trading strategy, because it will help us to be able to generate maximum profit. If we rely on other
people's strategies, of course, it is not effective, because what is good for other people is not necessarily good for us. Sometimes everyone
also has a different situation, choice and target, this will definitely affect the strategy we will use. That's why we really have to try to have
a personal trading strategy that fits what we need, but it takes a long process for us to find a personal trading strategy that really fits what
we need.

In fact, we have to experience several trials and errors, to finally find an effective personal trading strategy for us to use. Sometimes we have
to learn from other people's strategies, or even learn from every failure we experience when trading. What is certain is that we do have to be
patient to find a personal trading strategy that is effective and good for us. The learning process to find the right strategy for us is a tough one.
Most people usually give up before finding a strategy that works for them. So never give up and keep trying, surely in the end we will find a good
strategy for trading. That's why to become a successful trader is not easy and the risk is high.

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Having a personal strategy of course will be important to ensure that you have been aware and ready for the position. However, there is a process to setting the personal strategy. I mean that personal strategy may be arranged from some sources, from learning from others, from learning from our own experiences previously. We cannot avoid other people's tactics or strategies or even experiences becoming one of the best ways for us to make certain considerations, then, it is conformed to our own trading ways and methods.
However, a personal strategy on trading for me will probably also change depending on the market condition. But so far, I know that my personal strategy in trading is still not really good, still in the learning process.

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Quote from: Obari on October 02, 2022, 12:54:27 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.

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?

Personal strategy is the strategy that was built based on your experience. It does necessary to have your own rather than rely on others' strategies as we have different approaches to our trading actions. It also means that you are now getting a good experience which is why you ended up creating your own strategy.

Obviously, don't stick with a single strategy as there are lots of trends and situations that we will encounter while doing trades. You need lots of it to accompany you on the different trends that you'll encounter on the way.

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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.

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Quote from: Obari on October 02, 2022, 12:54:27 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.

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?

Professional traders must have some personal strategy and continue trading with that personal strategy.It is not always possible to trade with technical and fundamental strategies, of course there is an emergency need for own personal strategy trading platform.Otherwise, trading in this market can never be sustained and money cannot be profited even in short time.

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Quote from: Viscore on October 06, 2022, 04:44:59 PM

Quote from: Obari on October 02, 2022, 12:54:27 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.

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?

If you are a good trader, you will never rely for other trader’s strategy to work on you. Have your own working strategy because that will be your source of strength and future success. However, there are certain strategies that never work for long. If you are already seeing losses every time you trade, that maybe a sign that your strategy is not working anymore. It’s either you build and develop a new strategy, or create a new positive outlook that will help you become more focus and determine to win in trading.

Making yourself independent would be the wisest thing to be done on which you wouldnt really be that relying into others strategy and analysis which means that you could really stand on your own.
Its not bad to look into others analysis but dont rely on it, you could snip out some ideas but in the end of the line, you should really be basing on the things that you had analyzed.
Its not simple though but this is something that you could really able to rely on for long term.You cant really just have that be dependent on other
people most of the time.

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Quote from: Obari on October 02, 2022, 12:54:27 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.

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?

If you are a good trader, you will never rely for other trader’s strategy to work on you. Have your own working strategy because that will be your source of strength and future success. However, there are certain strategies that never work for long. If you are already seeing losses every time you trade, that maybe a sign that your strategy is not working anymore. It’s either you build and develop a new strategy, or create a new positive outlook that will help you become more focus and determine to win in trading.

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Quote from: Obari on October 02, 2022, 12:54:27 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.

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?

It really depends on the strategy you are currently using. If it’s proven that makes your trading successful, then stick to it. But if you are consistently losing in trading, then maybe you should try a new strategy that will work on you. However, it’s not only your own good strategy that matters, sometimes your own attitude too in trading matters the most. Always be patient and stay away from greed, that way you will never bound to create mistakes and losses.

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Quote

There must be some personal strategy while trading. You can always make huge profits with your personal strategy even after using all the strategies that the trading platform has.Technical analysis should not always be used but some analysis or strategy should be used.And the market doesn't always move in the same and regular way sometimes it moves erratically and that's where we use our own strategy.

I agree with you, apply your personal strategy in trading will really help you to feel the positive side of the market, because many professional traders are use to their personal strategy to maintain profits making in the market. Since, we are still experiencing bearish season in the market, I think it will be favourable for you to apply your personal strategy to buy coins and hold until the bullish season appear before you can sell to make a huge amount of money. I believe,it will be difficult for traders to miss their opportunity in this season, because the price is still low for traders to prepare ahead of a brighter future.

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Every trader in the trading world has some unique trading strategies. A trader does not lose his reliance on those strategies even if he loses. But he has to be consistent with that strategy and the market trend. And if you are following someone else's strategy then you are more likely to lose. But you need to understand how logical the other's strategy is. If you continue to rely on your strategy, success may not come in the short term but can be expected in long term but dependency on others strategies are not make you happy in trading business.

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Quote from: NicNacCoin on October 05, 2022, 06:02:50 PM

There must be some personal strategy while trading. You can always make huge profits with your personal strategy even after using all the strategies that the trading platform has.Technical analysis should not always be used but some analysis or strategy should be used.And the market doesn't always move in the same and regular way sometimes it moves erratically and that's where we use our own strategy.

yes, I am sure every trader has a personal strategy. but what is the probability of success of the strategy used? or how small is the risk?
I do not use personal strategies for trading. or am I still too stupid in trading?
only use analysis like most other traders share on youtube and social media channels.
luckily, only a few small losses I made from the trades I made.

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There must be some personal strategy while trading. You can always make huge profits with your personal strategy even after using all the strategies that the trading platform has.Technical analysis should not always be used but some analysis or strategy should be used.And the market doesn't always move in the same and regular way sometimes it moves erratically and that's where we use our own strategy.

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But, why will you create a strategy if you won't stick with it? That will be a waste of time but better if you can just use that time to seek for others strategy since you will still end this way later on. Once we have obtained some strategies it is also important to stick with for a long time even if there are times where it won't go well because it's also normal to have a bad time but as long as those losses are recoverable and you still end up with some profit then it is an example of working strategy.

I notice that many people are quickly jumping from one start to the other and they complain that every strategy that they try doesn't work. They didn't knew that the problem is them and not the strategy.

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Quote from: Bhig Daddy on October 05, 2022, 05:06:18 AM

Having your own method is beneficial, but incorporating other people's concepts into your trading plans is never a good idea. Most of the time, I merely imitate other people's positions, but I always have the option to change course if I believe my position isn't the greatest. It's better to assess the market before using your approach or someone else's technique since, of course, you're not always in the black.

It is not about incorporating concepts but we use others' ideas to make our own and make them even better. In fact, I'd learn trading by watching online tutorials, I copy their method and strategies in trading. But I'd see that was an effective strategy to follow that is why I'd leveled it up and created my own. Maybe for some reason, we retain those ideas we've learned from others and I never find it wrong as long as it works well, and we are comfortable with it.

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Having your own method is beneficial, but incorporating other people's concepts into your trading plans is never a good idea. Most of the time, I merely imitate other people's positions, but I always have the option to change course if I believe my position isn't the greatest. It's better to assess the market before using your approach or someone else's technique since, of course, you're not always in the black.

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Quote from: Obari on October 02, 2022, 12:54:27 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.

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?

Trading using your own strategy is a must, many newbies try trading by using the strategy that they got from an influencer or another Internet website, however they do not verify if the strategy they are using actually works over the long term.

Not only that, as you stated once you have a winning strategy the most important thing is to stick to it, and this is way easier when you are using your own strategy which you created on your own and which you verified that it works.

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Quote from: Obari on October 02, 2022, 12:54:27 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.

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?

You know.some traders are having a good strategy in hand but they lack discipline lon how to use it effectively which is one of the reasons why many traders keep making the same mistakes over and over again without taking a look at what they are doing whether it really effective to their trading lifestyle.
If you have a good strategy then we just ha e to stick to it so that we can at least be a custome to it and sometimes greed can come in to scatter our prospect of being a trader. Let's keep our eyes on the right part when we trade and don't try to make all profit at once.

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