Topic: Is it best to have a personal trading strategy? - page 6. (Read 2393 times)
By investing today I am in this condition later and I am not ready to invest. I have faced huge losses by investing. I have suffered huge losses from FTX and Luna due to which now I am not ready to invest anymore. Trading with few dollars is how life should be. Investing in the alt coin section is considered to be the most risky.
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?
Nothing beats out if you do have that personal strategy rather than on making yourself that reliant into others strategies which those things are also created by them.This is why im not really that much interested 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?
on joining some groups or communities who do share up their trading tips and hints but its not also that bad to open up yourself on some ideas made out by others but of course you should really still stick
into your own plans that you have created earlier.This is why its not really that suggestable to jump from one strategy to other because it would really just disrupt you on sticking into your own plan.
Dont make yourself that get dwindled for whatever things that you would be encountering.Just stick into your plan and make your move according to it.
This is more typical of the pros. An ordinary trader often works on the basis of the situation, and I think that this option is very correct.
you can be consistent with the trading strategy you use and try to continue to make a profit. but you also have to evaluate how successful the strategy you are using is. if it does cost more to lose, I think it's a good idea to discuss and receive opinions from other traders using different and possibly more successful strategies. it can open a new understanding regarding the weaknesses and strengths of the trading strategy used. don't focus too much so you might forget that we also need to upgrade knowledge and skills.
Having multiple trading strategy is even more better than having just one because in terms of trading you have to be open to any given opinion not just your own, it makes your trading ideas to grow especially whenever your actual plan isn't favorable, all you have to do is switch to the next one. The more help or ideas you get from those who are there before you the more better you become in tackling those difficulties that comes afterwards, in trading you don't just expect to be having positive outcome all the time.
the strategy we use if we enjoy it I don't think it's a problem to use. sometimes we see that people's strategy systems are more perfect because they can create profits many times, but what we have to understand is our psychology to be disciplined in the trading system we use. therefore I think it focuses more on psychological stability to execute strategies, because this is a determining factor for measuring the development of our trading system
you can be consistent with the trading strategy you use and try to continue to make a profit. but you also have to evaluate how successful the strategy you are using is. if it does cost more to lose, I think it's a good idea to discuss and receive opinions from other traders using different and possibly more successful strategies. it can open a new understanding regarding the weaknesses and strengths of the trading strategy used. don't focus too much so you might forget that we also need to upgrade knowledge and skills. Different traders have trading strategies and every trader also have their different strategies in running their businesses.
Every trader have their particular strategy but as a trader you need a personal strategy that works for you specifically. Different people trade for different reasons but all the trading centers in achieving a particular goal but every trader has a way of achieving this goals. Whatever strategy you adapt just make sure it is a strategy that will work perfectly for you.
It is okay to adopt others way of trading but later on when we already do or practice it we will eventually realize what methods works best on us. There are already many tutorials or strategies provided by different traders but we will somehow know how to trade by ourselves when we keep anlyzing and trying how to trade. Some gathers techniques of professional and applies or adds it in their method. It will not matter if we copy it all or improved it as long as we understand the concept and we gain profit in trading because of it then where doing it right.Every trader have their particular strategy but as a trader you need a personal strategy that works for you specifically. Different people trade for different reasons but all the trading centers in achieving a particular goal but every trader has a way of achieving this goals. Whatever strategy you adapt just make sure it is a strategy that will work perfectly for you.
If you keep doing the trade then you will find the best and fit way for your trading style, eventually you'll be able to form/create
your own strategy and keep enhancing to make sure that you'll be able to adopt in any market situation.
Like what you have said, there are available tutorials and guides over the internet, and you can use it as good references to
adopt.
But time will come and you will do your own and you will enjoy the strategy that will bring you benefits.
Different traders have trading strategies and every trader also have their different strategies in running their businesses.
Every trader have their particular strategy but as a trader you need a personal strategy that works for you specifically. Different people trade for different reasons but all the trading centers in achieving a particular goal but every trader has a way of achieving this goals. Whatever strategy you adapt just make sure it is a strategy that will work perfectly for you.
It is okay to adopt others way of trading but later on when we already do or practice it we will eventually realize what methods works best on us. There are already many tutorials or strategies provided by different traders but we will somehow know how to trade by ourselves when we keep anlyzing and trying how to trade. Some gathers techniques of professional and applies or adds it in their method. It will not matter if we copy it all or improved it as long as we understand the concept and we gain profit in trading because of it then where doing it right.Every trader have their particular strategy but as a trader you need a personal strategy that works for you specifically. Different people trade for different reasons but all the trading centers in achieving a particular goal but every trader has a way of achieving this goals. Whatever strategy you adapt just make sure it is a strategy that will work perfectly for you.
If you keep doing the trade then you will find the best and fit way for your trading style, eventually you'll be able to form/create
your own strategy and keep enhancing to make sure that you'll be able to adopt in any market situation.
Like what you have said, there are available tutorials and guides over the internet, and you can use it as good references to
adopt.
But time will come and you will do your own and you will enjoy the strategy that will bring you benefits.
The best strategy for trading is the one that fits your personal goals, risk tolerance, trading style, and length of experience that has made you a profitable trader. And the most important thing is to do your own research and develop a strategy that works for you, so being yourself and learning from experience is a great option.
correcting deficiencies and improving skills is a good job, and other people's strategies or whatever can only be considered after going through research, but what determines the choice is you and your intelligence after combining other people's strategies and your own skills to do it.
correcting deficiencies and improving skills is a good job, and other people's strategies or whatever can only be considered after going through research, but what determines the choice is you and your intelligence after combining other people's strategies and your own skills to do it.
Personal strategies only works if a person get experience up to 4 or 5 years because without knowing you cannot realize that what to do and how this strategy will work. A person can only creates personal strategy when it works for some times and has originates the way of getting good revenue. In this harsh situations where the market is slightly up at one second and slightly down at another second there is no strategy working accurately so a personal strategy which a man create for himself will work better or not it will depends on the market conditions. Stick to your personal strategy until it works for you but if it fails to work then forget about it.
Different traders have trading strategies and every trader also have their different strategies in running their businesses.
Every trader have their particular strategy but as a trader you need a personal strategy that works for you specifically. Different people trade for different reasons but all the trading centers in achieving a particular goal but every trader has a way of achieving this goals. Whatever strategy you adapt just make sure it is a strategy that will work perfectly for you.
It is okay to adopt others way of trading but later on when we already do or practice it we will eventually realize what methods works best on us. There are already many tutorials or strategies provided by different traders but we will somehow know how to trade by ourselves when we keep anlyzing and trying how to trade. Some gathers techniques of professional and applies or adds it in their method. It will not matter if we copy it all or improved it as long as we understand the concept and we gain profit in trading because of it then where doing it right. Every trader have their particular strategy but as a trader you need a personal strategy that works for you specifically. Different people trade for different reasons but all the trading centers in achieving a particular goal but every trader has a way of achieving this goals. Whatever strategy you adapt just make sure it is a strategy that will work perfectly for you.
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?
Different traders have trading strategies and every trader also have their different strategies in running their businesses.Every trader have their particular strategy but as a trader you need a personal strategy that works for you specifically. Different people trade for different reasons but all the trading centers in achieving a particular goal but every trader has a way of achieving this goals. Whatever strategy you adapt just make sure it is a strategy that will work perfectly for you.
All I care about is having a good strategy that works. Whether it is personal or general one like the one we can buy from pro traders that must have developed fast working indicators or bots that give a better results. Trading is sweet when we have a strategy that works as atrader and we are earning from it. It does not matter how we get to know about the strategy because what matters is the amount of turnout we having on a weekly basis. Strategies do expire so we need to be updating it according to the market differences.
You have summarize everything by going to the main point, either its a personal strategy or a copy strategy, the main question is are you making profit from that strategy. If I have a personal strategy that works fine and I was able to make profits and little loss, I will be glad and will continue to use that strategy but if the loss is more than profit, I will improvise and look for alternative that works better. I find it funny when traders try to convince other traders to use their strategy that they don't have any loss, these are the red flag I see and run away from anytime I see other strategies that are too good to be true.
When we already have our own trading strategy, it means we already have knowledge about what factors are in the trading itself. Because it is impossible for us to create a strategy while we do not know what we are doing.
All processing, of course. At the beginning we can follow other people's analysis methods, but remember we only take the knowledge, not really apply the strategy they use completely. If we already understand that then we can create our own imagination, yes it can be learned. As long as we intend to learn, then we can see anyone absorbing their knowledge in their trading strategy.
I like your reply, yes we follow some strategy from traders who made a good success in the industry that we are going
to participate, those knowledges that they've shared can be a good basis.
But in the long run, we need to customize and adjust those learnings coming out from our own experienced.
You need to keep doing a good research and a trial and error when adjusting to your strategy. In this manner, you can always have
that analysis to change your style and the anticipation of where the market is heading.
I think when we are on the right track, as long as we do it correctly and in accordance with the process that should be carried out, the results will also be very good.
Just don't get carried away with the few signals it gets and without doing anything to improve the quality then I think it will be very good.
It is always best to have personal strategies for trading when you have well knowledge about trading related thing like reading chart and analysis . Because the personal strategy works a lot on your skills just like getting into trading. without proper knowledge about trading it is more risky to have a personal strategies And not only just in case of taking personal strategies it is risky for trading. But I think everyone should trade through personal strategy at some point in trading.
Following you on this note, knowledge is very important as you can always enhance your strategy when you are dealing
with your trading, there are things that you can only see and understand with your strategy.
All the information that you gathered from your research and study are important factors to make your trading be a successful one for you.
All processing, of course. At the beginning we can follow other people's analysis methods, but remember we only take the knowledge, not really apply the strategy they use completely. If we already understand that then we can create our own imagination, yes it can be learned. As long as we intend to learn, then we can see anyone absorbing their knowledge in their trading strategy.
I like your reply, yes we follow some strategy from traders who made a good success in the industry that we are going
to participate, those knowledges that they've shared can be a good basis.
But in the long run, we need to customize and adjust those learnings coming out from our own experienced.
You need to keep doing a good research and a trial and error when adjusting to your strategy. In this manner, you can always have
that analysis to change your style and the anticipation of where the market is heading.
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 like as "little knowledge is dangerous" as well as creating your own personal trading strategy with little or no knowledge of trading is also dangerous. 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 also depends more on what type of coin you are going to investing. But successful and professional traders must have a personal strategy, Trading according to a specific strategy is an example of a good trader. It can be a daily gain of a certain profit and then stop trading off, or it can be a long-term DCA and make investments over a period of time. I currently have a strategy of my own that I will invest $10 per week in Bitcoin for ten years. So far I've stuck with it, hopefully, I'll stick with it until I die.
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 do have a strategy and it really gives you the freedom and confidence once you can perfect it and make profits from it. Everyone has one or two strategy based on market condition. Not just only having them, you need to make sure they are working on your favor. From my experience, market movements are sometime very unpredictable. So it will not always work perfectly. So it is better to have different strategy based on market condition. And how long do I stick to it? As long as it's working for me. If not, new strategy.
It is always best to have personal strategies for trading when you have well knowledge about trading related thing like reading chart and analysis . Because the personal strategy works a lot on your skills just like getting into trading. without proper knowledge about trading it is more risky to have a personal strategies And not only just in case of taking personal strategies it is risky for trading. But I think everyone should trade through personal strategy at some point in trading.
Following you on this note, knowledge is very important as you can always enhance your strategy when you are dealing
with your trading, there are things that you can only see and understand with your strategy.
All the information that you gathered from your research and study are important factors to make your trading be a successful one for you.
All processing, of course. At the beginning we can follow other people's analysis methods, but remember we only take the knowledge, not really apply the strategy they use completely. If we already understand that then we can create our own imagination, yes it can be learned. As long as we intend to learn, then we can see anyone absorbing their knowledge in their trading strategy.
It is true that knowledge is very important in trading because we don't know how to buy or sell without knowledge. If you're lack knowledge in trading, especially in using cross margin and isolated margin mode, there is a high risk of liquidating all your futures funds if the price of the pair you are trading is going in the opposite direction and can't set a stoploss.
Other than that, risk management is very important in trading and trading psychology because if you don't have that, even if you have knowledge or even having an effective strategy in trading, you will be surprised that you are still not profitable.
Think about it: You have a partner with a strat but why is he profitable while you aren't. That's why we still have to consider that we need it to apply in our trading to increase the chance of following the expected price direction.
Other than that, risk management is very important in trading and trading psychology because if you don't have that, even if you have knowledge or even having an effective strategy in trading, you will be surprised that you are still not profitable.
Think about it: You have a partner with a strat but why is he profitable while you aren't. That's why we still have to consider that we need it to apply in our trading to increase the chance of following the expected price direction.
It is true that in trading these points are very important and interrelated, when you have a strategy that has been tested accurately but you don't have other points such as no loss and profit limits then I make sure your trading will not be effective.
There are some basic points in trading that you must prepare such as psychology, strategy, money management, stop loss, stop profit and don't be greedy when you reach your daily target.
Market movements are difficult to predict, but when traders have the above points at least this can help traders a little to avoid margin calls.
Following you on this note, knowledge is very important as you can always enhance your strategy when you are dealing
with your trading, there are things that you can only see and understand with your strategy.
All the information that you gathered from your research and study are important factors to make your trading be a successful one for you.
It is true that knowledge is very important in trading because we don't know how to buy or sell without knowledge. If you're lack knowledge in trading, especially in using cross margin and isolated margin mode, there is a high risk of liquidating all your futures funds if the price of the pair you are trading is going in the opposite direction and can't set a stoploss.with your trading, there are things that you can only see and understand with your strategy.
All the information that you gathered from your research and study are important factors to make your trading be a successful one for you.
Other than that, risk management is very important in trading and trading psychology because if you don't have that, even if you have knowledge or even having an effective strategy in trading, you will be surprised that you are still not profitable.
Think about it: You have a partner with a strat but why is he profitable while you aren't. That's why we still have to consider that we need it to apply in our trading to increase the chance of following the expected price direction.
It is always best to have personal strategies for trading when you have well knowledge about trading related thing like reading chart and analysis . Because the personal strategy works a lot on your skills just like getting into trading. without proper knowledge about trading it is more risky to have a personal strategies And not only just in case of taking personal strategies it is risky for trading. But I think everyone should trade through personal strategy at some point in trading.
Following you on this note, knowledge is very important as you can always enhance your strategy when you are dealing
with your trading, there are things that you can only see and understand with your strategy.
All the information that you gathered from your research and study are important factors to make your trading be a successful one for you.
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