Topic: Is it best to have a personal trading strategy? - page 4. (Read 2419 times)

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

Yes exactly there are so many individuals who are afraid of losing money and due to consecutive losses they loss their hopes and get rid of trading with maximum loss percentage. I think people should not get afraid of failure because at start you don't know anything and this loss can enhance your knowledge about trading so take it positive. Other thing is copying strategies of another person is not good idea because for him this is the best strategy but it depends on the type of trading so always make your own concept, learn about it and then utilize your abilities to get profit.

I am in favor of the fact that one should always have their own strategy, each person has a vision of the market, use what they use, any theory, anything that applies is valid, of course there are people who only do delay strategies to see analysis from others, that is something that for me has a lot of work, for me the personal strategy based on the knowledge that has been acquired is everything, that is, it is always good to read books, to know how to show what stage the market is in , and what things can happen, I am fascinated by Wyckoff's theory and the truth has helped me a lot, that's why the personal one is better.

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 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.

Yes, I believe that having a personal trading strategy is very important for successful trading. This helps you focus on specific goals and plans, and allows you to better manage risk. It is important not only to have a strategy, but also to stick to it.
Personal trading strategy may be different for each trader and it depends on his trading style, level of experience and personal preference. However, regardless of the chosen strategy, it is important to stick to it in order not to get sidetracked from your trading plans.
To answer your question, yes, I have a personal trading strategy that I have followed for a long time that has helped me improve my trading results. I constantly analyze its effectiveness and make adjustments, but in general it remains unchanged. I believe that sticking to your personal strategy is the key to successful trading in the long run.

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.

Every traders will had their own strategy for the trading,it was unique one.In the crypto currency, their will be two strategies by the traders. Every one had their strategy for the bitcoin and their will be separate strategies for the rest the altcoin.Because we can blindly invest in bitcoin any price,because the price of bitcoin had huge volatility.The price of every altcoin will have change different manner,So the strategy should be created on every coin.When you are ready to inverse for the long term,better you should inverse in the bitcoin to get more profits from the investment.Because the bitcoin is the king of the cryptocurrency.

Of course, a personal strategy works very well for you if you formulate it correctly. You cannot rely on the algorithms of other participants in trade or transactions, you need to understand the issue yourself and build a development plan.

The strategy is collecting information to other on how they do perfect trading is good, but if we have our own strategy then we can still use the information we collect from other to correct our self from possible mistake, there is no harm of collecting information to have or make a better strategy  to earn.

If you are trying to make yourself succeed then its better to do on your own ways and methods and not just simply following others. There's no such thing about easy path or track to success because following someone

doesnt ensure that you would really be going into that state on where you would be reaching up on being profitable.Just like on what the most people been saying on here on having your own is the best choice.
For starters then it would be common that they would really be keen on checking out others strategies and trading methods but sooner or later they would really be having those
thoughts inside that it would be just nice or good on having their own to be formulated as the time passes by.

Creating a personal strategy will not be easy, for sure we will need time to find a strategy that is comfortable for us. In such a situation it is not wrong if we follow the strategies used by other people. Over time, with our experience and knowledge that will continue to increase, we will definitely find a personal strategy. We cannot continuously depend on other people's strategies, because we also have to develop our potential. Unless we fit into that strategy and we feel comfortable doing it.

if you do not have a strategy as a trader, how do you make it in trading?? Every trader has a personal experience from trading, this helps us advance our strategy better

finding a personal trading strategy takes some time to live with, because one has to go through a learning process to find one. so that after finding it we will be more comfortable in trading, because it does not depend on other people and of course it is not like when we expect signals from other people. if a trading personality has been formed then he is the one who is free to trade as he wishes, because it seems as if he can already communicate with the market

Creating our own personal strategy is something that we could mold up along the way, whether you've been starting on copying others but later on you do find out that creating your own would be that relevant.
It is really just that there are people who are really that reliant into others calls and analysis and doesnt really mind on creating or minding on their own. In the time that they would be experiencing up some
problems or errors then this is where they would really be whining up and making up regrets that they shouldnt have followed that person and it would be better if they would really be that
creating or following their own which is actually its a must thing since from the start.Although it wont really be that simple but its not something that impossible.

We all have personal goals in trading so having a personal strategy would be a great help to achieve those. It is indeed that knowledge is power since this would be you foundation to create your own strategy. Also, along with this, the experiences on that you got on trading either win or loss would impact and help you develop your strategy. If we really want something, I think it takes for us to be disciplined to really understand the market as well as how the economy is doing in present time since being adaptive to every changes in the economy is vital so that you could be more successful in trading.

did it work for you and bring profit to your trading? if it's good for you, it means you have got the right strategy to apply in trading. even though the trading strategy that we often use also sometimes misses. but when you are comfortable using it, it's just a matter of expanding it with the market situation and also other strategies.
some swords want to know more trading strategies. especially for those who day trade.

You are right mate,trading strategy is your own personal way of approaching trade,and bringing out good result on your own.different person's have their own different approaches to trading,and those approaches can either be achaic,( old ) or new.When one uses a method he has been using before and has been working for him to trade,and it doesn't seem to give him a desired result,it is good to change method so you won't be on the losing side.The approach I was using before is different from the one I'm using now because trading strategy has to be dynamic for it to work effectively,anything that makes it just one,then there is every tendency that the individual will not be making progress in his trading business.

And we can't blame others to have different opinions about trading because of their bad experience as well and then say, trading is not profitable.
On the other side, it was also important to read books as there are a lot of things that we need to know more about that can never be found in experience alone. And from those things that we read and together with our experience we can derive our strategies which I believe were more effective than the usual strategy that has been used by most traders. I'd say why? It is because that strategy connects to our mind, there is an exact communication that can't be found in others.

Trading is so broad where a lot of topics and factors are connected to each other, trading is where people can release their creative expression and also to have freedom to what they want to do. This is where the difficulty kicking in because there are no rules that have been set for the traders. You are the only one who will create and help me you to guide you and maximizing your profit with proper risk management. If you will ask me If I have my personal trading strategy and personal rules, my answer is YES. I created a trading system wherein it helps me find the best entry point with the best risk management skill. My plan is consisting of entry point, target profit, how much money will I put, trading trending crypto, the price should be on support level and I also checking the volume if it is good or not. There are a lot of traders who consistently losing in the market because they do not have plan, they just entering andbuying crypto without knowing their entry point and without knowing how much money they will lose if their trade got invalidated. If you want to be part of those traders keep making 6 digits consistently then building a solid system with risk management, personal trading strategy, a solid plan and having a supreme confidence can help you to achieve financial freedom in trading.