Is it best to have a personal trading strategy? - page 4.

Obari

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Quote from: MiF on April 23, 2023, 02:38:55 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?

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 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

MFahad

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Quote from: bocyaj on October 02, 2022, 02:08:58 PM

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.

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.

LUCKMCFLY

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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.

MiF

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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?

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.

Cling18

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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.

MIner1448

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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.

Bushdark

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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.

usekevin

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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.

sufgour

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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.

rhodelmabanal

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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?

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.

dunfida

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Quote from: hyudien on April 18, 2023, 12:16:21 PM

Quote from: shushu9977 on April 17, 2023, 05:22:52 PM

If anyone have any personal strategy, it will be good for any person as I thing. I do a lot trading in my life. But there are a huge loss in my carrier and loss my money. That's way, I do a stop line or stop trading and it is good for me money time and I get a good profit from that. I do an another trick for trading. But it is personal to me.

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 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.

hyudien

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Quote from: shushu9977 on April 17, 2023, 05:22:52 PM

If anyone have any personal strategy, it will be good for any person as I thing. I do a lot trading in my life. But there are a huge loss in my carrier and loss my money. That's way, I do a stop line or stop trading and it is good for me money time and I get a good profit from that. I do an another trick for trading. But it is personal to me.

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.

shushu9977

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If anyone have any personal strategy, it will be good for any person as I thing. I do a lot trading in my life. But there are a huge loss in my carrier and loss my money. That's way, I do a stop line or stop trading and it is good for me money time and I get a good profit from that. I do an another trick for trading. But it is personal to me.

Alisha-k

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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 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

andriarto

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Quote from: Fatunad on April 17, 2023, 06:32:12 PM

Quote from: Twentyonepaylots on April 17, 2023, 05:38:14 PM

Quote from: Yamifoud on April 17, 2023, 09:25:56 AM

Quote from: LUCKMCFLY on April 16, 2023, 06:28:36 PM

I have always said something, the more you read, the more knowledge there is, many trader or investors give their point of view based on their experiences and all of that is very good, so this information, more than anything that is embodied in books, is the one that teaches the most For me, that is the best method to acquire knowledge, and if you have that knowledge, it is very easy to devise our own strategies, but if after we do them we look at others that are very different, it can distort our analysis, and we are no longer going to have a plan but a mixture, and you will not know what to obey, it is always good to have and see other analyzes but I think personal analysis is the best.

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.

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.

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.

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

Fatunad

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Quote from: Twentyonepaylots on April 17, 2023, 05:38:14 PM

Quote from: Yamifoud on April 17, 2023, 09:25:56 AM

Quote from: LUCKMCFLY on April 16, 2023, 06:28:36 PM

I have always said something, the more you read, the more knowledge there is, many trader or investors give their point of view based on their experiences and all of that is very good, so this information, more than anything that is embodied in books, is the one that teaches the most For me, that is the best method to acquire knowledge, and if you have that knowledge, it is very easy to devise our own strategies, but if after we do them we look at others that are very different, it can distort our analysis, and we are no longer going to have a plan but a mixture, and you will not know what to obey, it is always good to have and see other analyzes but I think personal analysis is the best.

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.

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.

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.

Twentyonepaylots

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Quote from: Yamifoud on April 17, 2023, 09:25:56 AM

Quote from: LUCKMCFLY on April 16, 2023, 06:28:36 PM

I have always said something, the more you read, the more knowledge there is, many trader or investors give their point of view based on their experiences and all of that is very good, so this information, more than anything that is embodied in books, is the one that teaches the most For me, that is the best method to acquire knowledge, and if you have that knowledge, it is very easy to devise our own strategies, but if after we do them we look at others that are very different, it can distort our analysis, and we are no longer going to have a plan but a mixture, and you will not know what to obey, it is always good to have and see other analyzes but I think personal analysis is the best.

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.

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.

rozak

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Quote from: shushu9977 on April 17, 2023, 05:22:52 PM

If anyone have any personal strategy, it will be good for any person as I thing. I do a lot trading in my life. But there are a huge loss in my carrier and loss my money. That's way, I do a stop line or stop trading and it is good for me money time and I get a good profit from that. I do an another trick for trading. But it is personal to me.

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.

martyns

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Quote from: Obari on April 05, 2023, 03:17:48 AM

Quote from: Marshall Chord on April 05, 2023, 02:01:22 AM

Ultimately, the best trading strategy is the one that best suits your individual needs and goals.

Exactly mate and invariably you're trying to say that having a trading strategy doesn't really matter as long as what you follow truly works for you and I do agree with this too but I think at some points after following so much signals, I think one might be learning this things gradually and people pick more interest in things that bring money and by so doing, they might develop their own strategy and whatever the case might be, it is always good and better to have your own personal strategy so as to take full possessions of your trade and full responsibility for your trades as well.

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.

Yamifoud

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Quote from: LUCKMCFLY on April 16, 2023, 06:28:36 PM

I have always said something, the more you read, the more knowledge there is, many trader or investors give their point of view based on their experiences and all of that is very good, so this information, more than anything that is embodied in books, is the one that teaches the most For me, that is the best method to acquire knowledge, and if you have that knowledge, it is very easy to devise our own strategies, but if after we do them we look at others that are very different, it can distort our analysis, and we are no longer going to have a plan but a mixture, and you will not know what to obey, it is always good to have and see other analyzes but I think personal analysis is the best.

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.

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