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

Mauser

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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.

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?

My core trading strategy I have been using for more than 5 years now. I started with it back when I was only buying and selling stocks and some bonds. Eventually when moving into the crypto world I gave it a try to trade cryptos similar to stocks and found out that the price patterns seem very similar. My strategy at the moment based on a few different technical indicators, including High/Low prices over the last 30 days, moving average prices for 7 and 30 days and the traded volume. It's not a guarantee to make money and I have even made quite a few bad trades over the years. But I usually come always back to a similar strategy. After a bad trade I switch around the time frames, and instead of looking 30 days numbers I switch to 60 or 90 days to look for different trends. For me it is good to have a fixed system in place to rely upon, it helps calm my nerves and I worry less about when to sell and when to buy.

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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

goinmerry

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Honestly, while we are doing trades continuously, it's automatic thing that we will be able to create our own personal trading strategy. It is something that we can form without any realization that we are able to create one. It's because we are gaining more knowledge in training and we work on doing solutions for every problem we will encounter.

Yes, it's best to have your own personal trading strategy.

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Quote from: AicecreaME on October 07, 2022, 06:18:42 AM

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.

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.

Copy trading is mostly into those noobs or who are just new into the market which doesnt really care or mind much about on sustaining themselves on long term thats why they do really end up on this option.
Yes,its true that it is the most simplest way since you arent doing doo much work and dealing with technical things but of course they'll soon realize on what are the things that they must do.
You cant just having that copying behavior like forever on which you would really be finding yourself on needing to learn up at least so that you would really be that
independent and wont really be that relying into others signals or trades.

sana54210

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Quote from: Kelvinid on October 05, 2022, 08:33:45 AM

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

AicecreaME

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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.

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, 07:39:55 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.

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.

sayaya17

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Quote from: nurilham on October 06, 2022, 07:59:31 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.

nurilham

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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, 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.

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.

gabbie2010

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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.

topman21

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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.

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, 05:44:59 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.

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.

Viscore

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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.

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, 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.

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.

coinerer

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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.

Awaklara

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Quote from: NicNacCoin on October 05, 2022, 07:02:50 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.

Symmetrick

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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.

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?

Having your own strategy is not an improvement, so it cannot be said that it is better to have your own strategy. I'll put it another way, have: YOU MUST HAVE YOUR OWN STRATEGY. No other way. If you do not have your own trading strategy, then there is nothing for you to do in trading. If you want to start making profit in trading at the expense of other people's thoughts and a ready-made strategy that was not developed by you, then you can safely quit this business, because in the long term such an approach will end badly for you. I have yet to meet a single successful trader who would say that he bought a strategy or did not have one at all and was able to make a lot of money in trading.

Having your own strategies is the way to success and it is better to have several of them in case of a sharp change in the market trend. Because using the same strategy productively in different phases of the market will not work.

NicNacCoin

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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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