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Topic: Is it best to have a personal trading strategy? - page 14. (Read 2393 times)

hero member
Activity: 2646
Merit: 588
Having a personal strategy to trade the market with isn't an option but a requirement for every trader who hopes to make the most out of the many trades they put out on the market. Hey, don't get me confused with a professional or some one who is very good at trading right now because, that ain't me but, I just know, for you to have a high probability of success, its lways about going with what you know, what your familiar with and it could be about a particular trading pair. Same strategy doenst wor at all times on all trading pairs.
You've got to have a strategy and apply it to the right pair. Don't forget, the market changes so, you have to be watchful for when.

Because at the end of the day, it is your money at stake. So it is indeed hard to rely on someone else's strategy.
You know better how to take care of your funds and minimize losses. But that would take effort from your side.
If you are into trading, much better if you are familiar with the coin or token that you are dealing with.
Because if not, you are just blindly following their trend and you can easily incur losses without learning its foundation.
hero member
Activity: 1498
Merit: 974
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If you have alot of time to make a trade and execute those learnings and knowledge investments regarding trading it is good to make your own strategy but if you don't have time and would like to let someone make a trade for you it is more suitable with the copy trading it is more less hassle but it depends on you because it is your funds and it is not good state too that you are letting someone trade for you that's why it is good to make sure their strategy if it is effective or not.
hero member
Activity: 1288
Merit: 504
Having a personal strategy to trade the market with isn't an option but a requirement for every trader who hopes to make the most out of the many trades they put out on the market. Hey, don't get me confused with a professional or some one who is very good at trading right now because, that ain't me but, I just know, for you to have a high probability of success, its lways about going with what you know, what your familiar with and it could be about a particular trading pair. Same strategy doenst wor at all times on all trading pairs.
You've got to have a strategy and apply it to the right pair. Don't forget, the market changes so, you have to be watchful for when.
legendary
Activity: 2800
Merit: 1243
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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 doesn't hurt to have a personal trading strategy, it enhances your understanding of the market and be able to fix it yourself when something went wrong or if you find your strategy is not fit for the current market situation.  Of course, it doesn't harm to have a peek at others' strategy and compare it to your self-made strategy.  Oftentimes, having reference and preference boost our self-made strategy because we might find out that other strategies have the fix for the possible problem of our own strategy.
legendary
Activity: 3542
Merit: 1352
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It is good if you have your own strategy, but it's never harmless to incorporate some other people's ideas into your trading schemes. I myself am only copying other people's positions for the most part, but it is always up to me whether I'd stick to it or I'd stop it if I feel that my position isn't the best. Of course, you're not always in the greens all the time so it's best to gauge the market before employing your strategy or other people's strategy.
hero member
Activity: 2772
Merit: 576
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?
As long as the strategy is working for you and it's profitable, stick to it and it's up to you if you see that it's no longer working and you just keep on failing then there's a need to change it.

There's no need to seek validation when your strategy is working so you keep on doing it and try to be productive as much as you can.

So, whatever is that personal strategy that you've discovered, you continuously use it repeat if it's profitable and test until it fails then change it if it's only bringing you losses.
sr. member
Activity: 1313
Merit: 302
It’s true,it may take some time for the analysis.The good traders will survive after a continuous loss for 4-5 years.If you quit the trading by few couple of losses,then you are not a good trader at all.All your loss is due to the some fake analysis.Trading is like a art,it need more time for the good profitable trade.It May force to loss some big amount,but the same trading will you ten times of profits from your investments.
legendary
Activity: 1414
Merit: 1118
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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 do not have a trading strategy, how would you then make profit consistently? Every successful trader have strategies they are using. But you have to make sure that your strategies are working for you. If not working and see trading not easy, better to move to holding. But all successful traders have trading strategies which are helping them to make profit.
sr. member
Activity: 560
Merit: 424
I buy all valid country Gift cards swiftly.
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?
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