Is it best to have a personal trading strategy? - page 2.

Dr.Bitcoin_Strange

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Quote from: Franctoshi on June 25, 2023, 08:14:53 AM

Trading without your trading strategy is just like going to the farm to work without farm tools and I wonder if you can achieve anything at the of the day. After you think you must understand things about trading, the next thing is developing a strategy around what you learned, You should have backtesting of your strategy with a Demo account to ascertain or examine how profitable you would become with it before implementing it in a live account.

I realize that new traders are always in a rush to make a quick profit; they always have so much FOMO that they don't even see practicing on the demo account as something that is worth spending time on. They will just dive in straight with their capital, and with a few mistakes, all their assets will get liquidated, and they will end up casting blame on crypto. This is the reason why some people have negative perceptions about crypto. Just as you said, a trading strategy is what one can build when learning how to trade. Then you develop a strategy that best works for you, or even if you get a strategy from another trader, the person is supposed to do some practice on the strategy by using the demo account just as you stated, but most people just forget all those principles just to make a quick profit.

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Quote from: AnonBitCoiner on June 25, 2023, 03:15:48 PM

Quote from: judaspriest on June 03, 2023, 02:19:35 PM

it doesn't matter if you follow other people's trading signals because in my opinion from there we can also learn how to learn good trading strategies,
I have followed paid signals by paying $ 30 for 1 year and there I learned a lot about technical analysis and until now I always use my strategy.

I think getting knowledge from the strategies of others is good option but if one think that he will get profit by completely following the strategies of others so it is not possible because you don't know that beside this strategy what he will do for achievement of success.

You have learned technical analysis by paying 30$ for year then it's not such a high cost and you do well to continue your journey of success in crypto investment of trading. There are many individuals who take payment but do not provide useful information and you learned well so it means that you did not face any scammer which is also a plus point for your achievement.

You learned well and if you use these strategies you will surely be successful person so with passage of time you will get more experience.

Be versatile on which this would be the key on fastening up the process on learning. Making some snippets on others strategies and ways on how they would trade would at least be giving that additional knowledge which

those learnings would really be added up into you which this is preferable and not something that you should really be stopping on doing so. Whats best is on having your own personal strategy which do came out from your own analysis on which it is really that something that would be preferable. Its not bad to look up with others strategy but relying and being dependent is something not really that you should consider.
You cant really be that able to follow someone like forever on which there's really a time on where you would be able or need to trade on your own. This is why as much as possible then you should
learn up things on how its been done because on the time that you would decide on going solo then you could be able to make yourself stand out on your own feet.

AnonBitCoiner

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Quote from: judaspriest on June 03, 2023, 02:19:35 PM

it doesn't matter if you follow other people's trading signals because in my opinion from there we can also learn how to learn good trading strategies,
I have followed paid signals by paying $ 30 for 1 year and there I learned a lot about technical analysis and until now I always use my strategy.

I think getting knowledge from the strategies of others is good option but if one think that he will get profit by completely following the strategies of others so it is not possible because you don't know that beside this strategy what he will do for achievement of success.

You have learned technical analysis by paying 30$ for year then it's not such a high cost and you do well to continue your journey of success in crypto investment of trading. There are many individuals who take payment but do not provide useful information and you learned well so it means that you did not face any scammer which is also a plus point for your achievement.

You learned well and if you use these strategies you will surely be successful person so with passage of time you will get more experience.

ndutndut

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Quote from: jasonjm on June 25, 2023, 02:29:39 PM

Absolutely, yes! Everyone should have their own personal trading strategy because a strategy that is earning you a profit can potentially cause someone else to lose money.

What you need to know first is that the Bitcoin world is very volatile in price. but this is also what makes investors interested in bitcoin trading. although it is not easy to learn, but if you have a personal strategy and keep learning it will be very profitable. But there's nothing wrong with listening to other people's strategies to take into account your own strategy.

Because you can't trade haphazardly, at least you have to understand the basic understanding and the right strategy. it is very strange if you don't have a personal trading strategy, but only rely on feeling or instinct.

In essence, you have to start from a small fund first so you can minimize losses. After we know how the market works and find the best personal strategy for trading Bitcoins, then there's nothing wrong with us increasing our funds to buy bitcoins.

jeha2015

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Literally every trader must have his own strategy, even though we learn from strategies from other people (experts) on various platforms or books. But at least we traders must have a strategy to define our investment goals clearly. This is similar to any investment, including for doing business, we must have our own strategy. That's why it's very important to have clear goals before making any investment.

Because with a strategy we know very well which direction we want to go and how to position ourselves when the market goes up or down. Ideally, there are two general views in Bitcoin trading, namely: Just want to collect Bitcoin and Want to pursue profits by buying and selling.

If we decide to become a Bitcoin trader, then we must focus on collecting profits, not collecting Bitcoins.

jasonjm

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Absolutely, yes! Everyone should have their own personal trading strategy because a strategy that is working for you might be harmful to the other person.

coinerer

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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?

own strategy is definitely important factor for any financial work including trading. Because if one does not use his personal technique then he can never stand out from others. And can't do anything good. Because everyone wants to stand out from others and live rich, each case needs its own strategy that gives confidence to succeed. therefore, if you want to improve, it is very important to adopt your own strategy

Franctoshi

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Trading without your trading strategy is just like going to the farm to work without farm tools and I wonder if you can achieve anything at the of the day. After you think you must understand things about trading, the next thing is developing a strategy around what you learned, You should have backtesting of your strategy with a Demo account to ascertain or examine how profitable you would become with it before implementing it in a live account.

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Quote from: Hamphser on June 19, 2023, 04:35:30 PM

Having no strategy doesnt mean that you cant trade, you would rather be deciding on following someone when it comes into their trading decision which it is really that possible but something regretful on the time

that those trading results or outcomes would really be negative or in losses. This is why it would really be ideal that you should really be having your own trading strategy on which you could really be able to

make your own trading decisions and wont really be something regretful on the time that you would really be making out some losses compared when you are following on someone.
Sooner or later on the time that you would be realizing things then it would really be turning out that having your owns strategy is something preferable rather than
on relying into others call.

It is difficult to understand how you can trade without a strategy, it most likely really involves using someone's signals, or maybe someone's advice, but it seems to me that this is an initially losing option, because you depend on someone if he does not tell you in time how to act, the opportunity will be missed.

If you act without a strategy and just buy, relying on your intuition, then it seems to me simply ridiculous, this is no longer trading, it will be a casino.

It seems to me that the simplest and most understandable strategy is better than its absence.

Mehedi72

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I think everyone already has their own strategy. Cause For them who Start newly trading and still gaining knowledge, they copy theirs strategy and continue trading. Cause those strategies are tested. Later, after gaining lot of experience and after understanding market, they build their strategy automatically. Sometimes it works, sometimes fails. But if your strategy let you survive in the crypto market in long term with profit, then there is no reason to Change it

Hamphser

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Quote from: Litzki1990 on June 19, 2023, 07:16:04 AM

Everyone has some personal strategies if they want to profit from trading without personal strategies it is difficult to achieve success from trading. There are some traders who rely on others without trusting themselves or developing any trading skills of their own. And often depending on others to make some money they share that opinion. It is your temporary thing, you can never succeed in trading depending on others. To be successful in trading, you must have a specific strategy that will make you successful in trading.

Having no strategy doesnt mean that you cant trade, you would rather be deciding on following someone when it comes into their trading decision which it is really that possible but something regretful on the time

that those trading results or outcomes would really be negative or in losses. This is why it would really be ideal that you should really be having your own trading strategy on which you could really be able to

make your own trading decisions and wont really be something regretful on the time that you would really be making out some losses compared when you are following on someone.
Sooner or later on the time that you would be realizing things then it would really be turning out that having your owns strategy is something preferable rather than
on relying into others call.

Litzki1990

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Everyone has some personal strategies if they want to profit from trading without personal strategies it is difficult to achieve success from trading. There are some traders who rely on others without trusting themselves or developing any trading skills of their own. And often depending on others to make some money they share that opinion. It is your temporary thing, you can never succeed in trading depending on others. To be successful in trading, you must have a specific strategy that will make you successful in trading.

Fredomago

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Quote from: Obari on June 12, 2023, 04:36:16 AM

Quote from: Timmzzy on June 12, 2023, 02:18:23 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?

well in the field of this whole trading, when i look at youtube what i see is same strategy many educational content creators kep making WHY Undecided

, so the best part to me is having your ow strategy and stick to it. Another thing i noticed may educational content creators traders will just want you to trade like them, which is not supposed to be so in my opinion. so HAVING A STRATEGY OF YOUR OWN and sticking to it is a good start. have been working on my self and my own strategy lately hoping to see good results as time goes by.

I wish you best of lucks with your strategy a d I hope to see you win.
I also want to correct the fact that, not every trader wants you to trade like them because and even if they do, the choice is still yours since they aren't compelling you to do so and one of the major reasons why we watch YouTube trading videos is just to have the primary knowledge of what a trader is doing and possibly figure out your own strategy because it is never advisable to rely on the strategies of others because you might not be in control just incase the strategy begins to fail.

It is best to have a personal strategy as this will help you stay updated in the market.

A shared information that we can use as a basis, but it's your decision to create your own pattern. Maybe at the beginning you can take that route and try if the strategy will work for you. Then along the way, you can adjust and enhance to get a better outcome. What we do will reflect on the outcome with each position that we take inside trading.

I agree with your statement, your strategy will develop along the way, it's just you need the basic knowledge and let yourself explore and try to work with your own establish trading patterns.

Mauser

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Quote from: awik p on June 03, 2023, 12:46:25 AM

Having your own strategy is very important for a trader, who must have his own thoughts about the market, so he can assess his trading progress. gain or loss I think is the umpteenth point, but a healthy trading method is the main thing to be able to survive in the market. healthy trading can be done where we lose according to planning and profits with logical targets, and cumulatively we still have profits, because trading will not always be profitable and we must be aware of it, so being able to manage risk is very important

I fully agree, any trader that has been around for a few years needs his own trading strategy. As beginner its fine to copy successful strategies and try to make some profits in their shadows. But the problem is that no strategy is going to work forever. Markets are changing constantly and with it are the profitability of trading strategies. Also the more people copying a strategy, the smaller it's profit is going to be. That's why it's important to reevaluate our strategies regularly and adjust them when necessary. Only if we do our own research and make up our mind about future profits are we able to keep producing new strategies. This doesn't mean we need to reinvent the wheel, already doing minor adjustments to existing trading strategies can lead to profit again. Keeping an eye on the risk we take with our strategies is also important and protects us from larger losses.

RajeshKarwa

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Yes, if you want to be a profitable trader, you must have a personal trading strategy. A set of rules and guidelines that you develop to guide your trading decisions. Having a well-defined strategy can help you approach trading with consistency, discipline, and a structured approach.

Your trading strategy should be based on a thorough understanding of the market, risk management principles, and your own trading preferences and goals.

Thanks !!

Obari

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Quote from: Timmzzy on June 12, 2023, 02:18:23 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?

well in the field of this whole trading, when i look at youtube what i see is same strategy many educational content creators kep making WHY Undecided

, so the best part to me is having your ow strategy and stick to it. Another thing i noticed may educational content creators traders will just want you to trade like them, which is not supposed to be so in my opinion. so HAVING A STRATEGY OF YOUR OWN and sticking to it is a good start. have been working on my self and my own strategy lately hoping to see good results as time goes by.

I wish you best of lucks with your strategy a d I hope to see you win.
I also want to correct the fact that, not every trader wants you to trade like them because and even if they do, the choice is still yours since they aren't compelling you to do so and one of the major reasons why we watch YouTube trading videos is just to have the primary knowledge of what a trader is doing and possibly figure out your own strategy because it is never advisable to rely on the strategies of others because you might not be in control just incase the strategy begins to fail.

It is best to have a personal strategy as this will help you stay updated in the market.

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Quote from: judaspriest on June 03, 2023, 02:19:35 PM

Quote from: Nazmul012 on June 01, 2023, 06:40:29 PM

Obviously one should has his personal strategy as trading style is different from one to another. Thats why some will fail and some will archive assets during trade and all of those depends on strategy. Having good strategy can safe you from losing more assets. Following others trading Signals doesn’t make you profitable each time but a good strategy can! But no need to change strategy, rather keep modifying it while gathering experience

it doesn't matter if you follow other people's trading signals because in my opinion from there we can also learn how to learn good trading strategies,
I have followed paid signals by paying $ 30 for 1 year and there I learned a lot about technical analysis and until now I always use my strategy.

That's good if you are learning from it. I mean, there are trading signals that don't have explanations, just posting charts on their bias, and mostly those newbies are just following them and not learning from them. Though I haven't really relied on the trading signals, you can really learn from others, like how they trade, and you can make your own strategy, but it is really best to learn it and develop it on your own based on your understanding and tweak it over time.

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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?

well in the field of this whole trading, when i look at youtube what i see is same strategy many educational content creators kep making WHY Undecided

, so the best part to me is having your ow strategy and stick to it. Another thing i noticed may educational content creators traders will just want you to trade like them, which is not supposed to be so in my opinion. so HAVING A STRATEGY OF YOUR OWN and sticking to it is a good start. have been working on my self and my own strategy lately hoping to see good results as time goes by.

judaspriest

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Quote from: Nazmul012 on June 01, 2023, 06:40:29 PM

Obviously one should has his personal strategy as trading style is different from one to another. Thats why some will fail and some will archive assets during trade and all of those depends on strategy. Having good strategy can safe you from losing more assets. Following others trading Signals doesn’t make you profitable each time but a good strategy can! But no need to change strategy, rather keep modifying it while gathering experience

it doesn't matter if you follow other people's trading signals because in my opinion from there we can also learn how to learn good trading strategies,
I have followed paid signals by paying $ 30 for 1 year and there I learned a lot about technical analysis and until now I always use my strategy.

EarnOnVictor

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Quote from: macson on May 17, 2023, 05:58:14 PM

Quote from: Mttewndew on May 10, 2023, 02:27:24 AM

Absolutely! Creating a personal strategy for yourself is like having a map to success. Sticking to that plan is like staying on track, even when things get tough. I've been using my strategy for a while now and it's helped me make money in the long term.

Quote from: ?? on ??

In general, a strategy for work is a rather difficult task, and in order to work out such a thing, a lot of time must pass. At least when I started working with a broker from Amarkets, I devoted a lot of time to this.

there are millions of traders around the world, does each one have their own strategy? the answer is no, when you believe that the strategy you are using right now is purely only you who have it, then you are too proud.

you will only waste years of time to be able to find your own strategy that comes from yourself; there are thousands of trading classes, trading forums, and groups that discuss strategies in trading, and you can find the most comfortable way for you to trade in such a group ^{(but you have to be careful and choose a trusted one that has a good reputation if you want to join this kind of group)}

I believe you are taking this context farther from its real meaning. Having your personal strategy doesn't make it unique believing that you only have it, but just accepting it personally as the strategy you use to trade among many available strategies. It doesn't mean that the person invented it but only adopted it as their preference as long as it works and is dependable.

I for one, will never discourage anyone to have their own trading strategy, I would even encourage such, but at times, it might be good to use multiple strategies together so that they can be filtering one another before trading advice could be ascertained, and this would have increased the assurance that the strategy would work.

And basically to me, if a strategy satisfies the condition of earning at least 75% for me, then it is deemed to be qualified as a good strategy. However, it's left to the trader to limit the negative effect of the shortcoming of 25% of the strategy by using good management and plans with it.

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