Topic: Is it best to have a personal trading strategy? - page 3. (Read 2419 times)
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
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
Yes, it is highly advisable to have a personal trading strategy when engaging in financial markets. A personal trading strategy provides a structured approach to decision-making, helping traders navigate the complexities of the market and reduce impulsive, emotional trading. It allows traders to set clear objectives, define risk tolerance, and outline specific entry and exit criteria. A well-designed strategy incorporates a variety of factors, such as technical and fundamental analysis, risk management techniques, and a disciplined approach to trading. By having a personal trading strategy, individuals can make informed decisions based on their own analysis and goals, enhancing the chances of consistent and successful trading outcomes.
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?
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?
Ofcourse you should to have your own trading strategy, your success and confidence depends on it. Without strategy you'll be like boat with no destination.
it need to spend a lot of time in studying, analyzing, learning for the good profitable trade. Not always well-known bloggers with good strategies will be good helpers. Everyone has their own path and their own plan. It is possible that your strategy in different periods will be changed. It's normal.
A good strategy is good as long as it makes a profit
Having a personal strategy to me isn't just the key but the ability to stick to it, is.
Agreed this gives you total control too unlike waiting for signals which leave you dependant on such services. 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.
synthetic indices, interesting...I have friends that trade these and always complaining of manipulated markets, what's your experience on the manipulation topic?Btw by synthetic indices are you talking about assets such as boom and crash, or maybe volatility indices???
I know of Deriv and some other broker just can't remember the name, which broker are you using to trade
your indices ?
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 it's a winning strategy then you will always make bank, it just gets ugly if you aren't getting winning setups which means getting back to the drawing board to help fine tune your strategy. I use one of the simpler brokers which is DerivGo and it was a fun time trading those indices and I basically traded the volatility indices as well as the boom and crash and there was a time I traded volatility 75 and made over 2k dollars in less than 48 hours and the unfortunate part was that I allowed greed to take over me and I lost the whole 2k dollars in essence than hour😁
Well I don't know if the .arker is manipulated but one thing is obvious in the industry which is the fact that the moment we are making losses, there are tendency to look into the Brooker and wanting to accuse them of cheating.
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.
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)
then we would be commonly see up these places on which it would really be ending up for us to make use of these methods and ways which it would really be that similar into others.
In overall, it would really be that best or ideal to have your own personal strategy which do came out from your own analysis.Doesnt matter whether this one is been used by others because the most
important thing on here is that you should really know on how to sustain yourself within this unpredictable market. Doesnt matter if you are really making use of others methods or
with your own.Thing here is that you wouldnt really be having any regrets on the time that you do lost if you do make use of your own style rather than on following someone.
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.
It is that when things are Planned and studied with great care and following a plan you can be very successful, of course, when we devise a plan and we see that we are losing a lot , I would recommend that you no longer follow the plan and I retire for a while. Until we don't have the correct vision of the market, then in that Sense if we do Something like this it is possible that we achieve more, because in a possible Range of losses we can have a low yield , our money goes away, but if we Recover with a good entry in January he Market afterwards is Ideal , that is the Beauty of taing, that the market will Always offer good Opportunities.
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.
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)
we should know how the trading style is. everyone has their own style. some are comfortable with trading long term, some are medium term, some are into swing trading, or even scalpers. well it is our own choice where we have to trade with what style suits us. Personal strategy is obtained after you know what type of trader you are. if you find your own strategy, it will be very satisfying, even i think paid channels open it with their own strategy.
Yup, good point. After you learn what kind of trading behavior you've got, strategy will start to form and will allow you to keep
enhancing and reach your maximum potentials.
It's more about how you deal with each situation inside the market. Different people have their own points of view and interpretation depending
on what kind of trading behaviors they've got.
By following that rule, you will be able to determine what attack you'll going to do to improve your strategy and to keep your chance of
earning decently.
when you are really that making yourself that reliant into others when it comes to strategy that had been given or be seen on others. There are ones who are really that relying into but its better to have your own
approach when it comes on dealing up with this market. Just keep on making your own strategy because even following others doesnt assure profitability or making out to be precise which means that its better to
lose a trade with using your own than on losing but by following others.It doesnt really give out that kind of good feeling.
You would be finding out for yourself on how to deal up with the market if you are the ones who do find ways on how to deal on it.You would really be formulating on you own.
Having a personal strategy to me isn't just the key but the ability to stick to it, is.
Agreed this gives you total control too unlike waiting for signals which leave you dependant on such services. 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.
synthetic indices, interesting...I have friends that trade these and always complaining of manipulated markets, what's your experience on the manipulation topic?Btw by synthetic indices are you talking about assets such as boom and crash, or maybe volatility indices???
I know of Deriv and some other broker just can't remember the name, which broker are you using to trade
your indices ?
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 it's a winning strategy then you will always make bank, it just gets ugly if you aren't getting winning setups which means getting back to the drawing board to help fine tune your strategy. we should know how the trading style is. everyone has their own style. some are comfortable with trading long term, some are medium term, some are into swing trading, or even scalpers. well it is our own choice where we have to trade with what style suits us. Personal strategy is obtained after you know what type of trader you are. if you find your own strategy, it will be very satisfying, even i think paid channels open it with their own strategy.
Yup, good point. After you learn what kind of trading behavior you've got, strategy will start to form and will allow you to keep
enhancing and reach your maximum potentials.
It's more about how you deal with each situation inside the market. Different people have their own points of view and interpretation depending
on what kind of trading behaviors they've got.
By following that rule, you will be able to determine what attack you'll going to do to improve your strategy and to keep your chance of
earning decently.
we should know how the trading style is. everyone has their own style. some are comfortable with trading long term, some are medium term, some are into swing trading, or even scalpers. well it is our own choice where we have to trade with what style suits us. Personal strategy is obtained after you know what type of trader you are. if you find your own strategy, it will be very satisfying, even i think paid channels open it with their own strategy.
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Having your own personal trading strategy is the best and it will save you the stress if asking a lot of questions about other people's strategy and how to go about it. I could remember when I started trading, I was always eager to buy other pro traders strategies and work on them whether I could also make some cash using them but the contrary was the case. I made a lot of loses due to my poor understanding of the strategy which I later regretted. We need to have our own strategy for us to be a good trader.
Some of these strategy courses people buy online are just what those traders may use to make little or no profit at all. Some of those traders selling courses online are even making money from selling the course compared to the little profit they may be getting from trading. Even on the YouTube channel, you will see a lot of video tutorials about the best trading strategy to make $100 every day; a lot of those are lies. They are even monetizing their channel with the thousands of followers they have and making a lot more money from those channels than they do from their traders. Only a few of those videos are from real professional traders.
Every trader or anyone going into trading must learn the tips of the trade, learn with experience, and master how to use technical tools to analyze the market, from which they can develop the strategy that works best for them. Apart from that, using any strategy that's bought or learned from videos can result in losses unless they apply wisdom by trying the strategy out with just a small amount of capital.
OP from your question I've say it is best to have your personal trading strategy but never rely of it 100% because it can fail you at anytime and affect you badly (it might even discourage you to move on). Set a rule that would let you make more profit when you enter the market, analysis the price movement after entry, see where your chart stop should be placed. After analysing just look for an exit point to pull out to avoid regret, no matter how best your think your strategy is always know when to pull out it helps that way too.
I has little bit experience in trading. My point is having a personal trading strategy can indeed enhance profitability, as it provides a clear plan and guidelines to follow, which can help reduce the impact of emotional decision-making. Remember, it's also important to remember that no strategy is foolproof. Markets are constantly changing, and possible that a strategy that worked well in the past may not be as effective in the future. In such cases, important to remain flexible and be willing to adapt your strategy as needed.
For sticking to a particular strategy, it's crucial to give it enough time to prove its effectiveness. This timeframe can vary depending on the strategy and market conditions. Generally, I would recommend sticking to a strategy for at least a few months to a year before deciding whether to make any significant changes.
For sticking to a particular strategy, it's crucial to give it enough time to prove its effectiveness. This timeframe can vary depending on the strategy and market conditions. Generally, I would recommend sticking to a strategy for at least a few months to a year before deciding whether to make any significant changes.
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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?
Personally, I have my personal trading strategies, but I don't allow this to limit me from exploring, the crypto market is a dynamic one, things change from time to time, there is no guarantee that a strategy that worked last month will keep working all through the year till the end, no, things can change anytime and make your strategy useless, so one must not depend on their strategy, explore and continue to find what works best and adjust accordingly for better profit sake.
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?
I think it is not only best to have a personal trading strategy but it is needed, you cannot become a successful trading if you only depending on other trading strategy, because we need to decide and make a strategy by our self to become a successful trader we can learn a lot from our mistakes not from the mistakes of others. 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?
I personally disagree on this very one with you and I'm so sorry about that because I believe that we all have our opinion but have you also thought of the possibilities of making profits while you learn, I believe that in trading industry, there are massive opportunity of earning while learn even before owning a strategy and also another point of correction is the that one can be very successful from trading using other people's strategy and I also have a friend who only copy the trades if others and doesn't have to worry himself so much with analysis but simply wins when others win and suffer losses together
It is a different option, I cannot deny that there are groups of signals where they are free and that do not ask for any type of subscription or Anything like that, the only money they ask for is what they must put on the platform or broker to trade, it is a minimum deposit required to operate with a real account, personally I like these types of Initiatives, and even if success is not guaranteed, one can trust that things can happen if they wish for the best,of course this will make the market move a lot, because there will be many operations that will be done at the same time, then it may be that the chances of winning increase.
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.
I believe having a personal strategy will be best and effective because we can't always apply strategies that we aren't comfortable using. We can create our own strategy based on our experiences in trading. It can be a routine, mantra, or anything that helps us succeed in trading. There are technical strategies that we can learn everywhere on the internet but the application will still depend on how we deal with the market. As long as our personal strategy would help us grow and manage the risks and volatility of the market then we can freely apply it.
I agree with what you say, because for me it is better to have it in order to have better results, as long as someone makes a personal strategy and does not carry it out but mixes it with others that I have seen is something that is not very good, first, you will lose any understanding that the person has of the market at that moment, second, you will get entangled, and third,changing your own plan is the most dangerous thing to do, I would not approve it, because if you win perfectly, and if you lose with our strategy,well you learn and you have a consensus of what can be done.Dont make your mind to be that closed when it comes to possible information and methods which it might really be that helpful on your part but well its up to your own jurisdictions when it comes to this because we know that having our own personal trading strategy is something that much preferred than on following other trading calls. Im aint saying that we shouldnt really be that accepting others tips and analysis
but its better to have your own because on the time that you would be having a losing trade, you wouldnt really be having that kind of in deep or self regret of what happened just because you do know that
it is your own self made analysis and not with others which it does really give out that common impression once you do rely into others calls and suggestions.
I believe having a personal strategy will be best and effective because we can't always apply strategies that we aren't comfortable using. We can create our own strategy based on our experiences in trading. It can be a routine, mantra, or anything that helps us succeed in trading. There are technical strategies that we can learn everywhere on the internet but the application will still depend on how we deal with the market. As long as our personal strategy would help us grow and manage the risks and volatility of the market then we can freely apply it.
I agree with what you say, because for me it is better to have it in order to have better results, as long as someone makes a personal strategy and does not carry it out but mixes it with others that I have seen is something that is not very good, first, you will lose any understanding that the person has of the market at that moment, second, you will get entangled, and third,changing your own plan is the most dangerous thing to do, I would not approve it, because if you win perfectly, and if you lose with our strategy,well you learn and you have a consensus of what can be done.Jump to: