Is it best to have a personal trading strategy? - page 8.

Mauser

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Quote from: Bhig Daddy on November 06, 2022, 03:44:48 AM

It's true that the analysis could take some time. Even after four to five years of nonstop losses, good traders will still be around. You are not at all a good trader if you give up after just a few losses. Your entire loss was caused by some fictitious analysis. Trading is an art, and it takes time to make a good, lucrative trade. It may require you to lose a significant sum of money, but the same trade will return 10 times your investment in profits.

This is a good philosophy many traders should follow it, keep your losses as small as possible while trying to maximise our profits. When it comes to trading, losses are not always lost money. As long as we are confident in a coin we can keep holding it and wait for the market to turn around. The general market risk in the crypto markets is very large, when bitcoin is falling in price than it will pull down most of the alt coins with it. As long as we make a higher profit when the prices are recovering than we are in a good position. It also can have benefits to sell coins at a loss, we won't have to pay taxes and reduce our tax liabilities in another trade. Losing is always part of trading and investment, but who is not trying and doesnt join the market has a 0% chance of making a profit.

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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 would not see myself lasting in trading if it weren’t for my personal working strategy. Of course it’s a very big help knowing you have to deal with an uncertain market plus the inevitable negative news that suddenly affect the market, you have to stick to your own strategy to keep you going in trading. Otherwise, if you only rely from others strategies like copy trading, you will never grow and able to sustain trading once the bad days are in.

Currently I am doing a personal strategy with a compendium of many techniques, I say that it is a technique because I am doing short-term trading, and whenever the plot is changed, from medium- or long-term trading to very short-term trading. short-term, it is something that always has its impacts, besides I am not doing short-term trading of crypto or BTC, I am doing it in forex because it has a more consolidated volume and has a very peculiar behavior, the volatility is not much, it can that some theoretical things work faster in this type of market, what happens is that I have not been able to reach my total personal set.

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Quote from: carlisle1 on November 05, 2022, 10:53:55 AM

Quote from: boyptc on November 05, 2022, 09:00:08 AM

Quote from: ChiNgadOr on November 04, 2022, 07:59:37 PM

One of the problems of personal trading strategy is that it need to be evaluated constantly to cross check if it is still active for a better analysis.

All of the strategies that you'll try in trading will have to be evaluated by you as you're the one who tests and tries it.

And if it's not showing good results, you just evaluate it that it's not for you and you have to try another strategy that will work perfectly for you.

Just keep on testing strategies that could be the best for you as you trade it personally and work on it as your personal strat to work with.

Yup! it's only you who can say if the strategy that you are using will work or if you need to adjust and change it from time to time.

A lot of patterns you can look upon but it's always depending on how you take your position and how you execute your strategy.

More on self-assessment and how will you keep improving your strategy to a much better and fit with your trading styles.

It's easy to assess ourselves if the strategies we're testing are working for us but if not, it's better to stop it but keep on finding the strategy that will suit your way of trading.

Don't give up if you want to be a profitable trader because not everyone will be someday and it's not that easy. Those who don't give up and find their best strategies to adopt are the ones who are likely to make from it.

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Quote from: Hamphser on November 05, 2022, 05:50:29 PM

When we do talk strategy then you would really be needing some tool.Its connected but totally that different in meaning thats why you should really know on what you are dealing with.

Its okay to see others perspective and others strategy but it would be always be that good to create your own.When it comes to tools and other aspects then it could really be seen and could be used
online and everything is almost provided.

It is really just varying on how you would really make use of it and put up some analysis on it this is why results could really vary person to person.

The results will differ even if two different people use the same strategy. Because a lot depends on the people themselves, as people decide on the entry point and when to sell. Even when they look at the chart, they can see different figures on the same segment of the chart, I have seen more than once how one segment is discussed by different traders, it even comes to an argument, so you understand how different trading results can be.

Bhig Daddy

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It's true that the analysis could take some time. Even after four to five years of nonstop losses, good traders will still be around. You are not at all a good trader if you give up after just a few losses. Your entire loss was caused by some fictitious analysis. Trading is an art, and it takes time to make a good, lucrative trade. It may require you to lose a significant sum of money, but the same trade will return 10 times your investment in profits.

Hamphser

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Quote from: jostorres on November 05, 2022, 01:06:41 PM

Quote from: ChiNgadOr on November 04, 2022, 07:59:37 PM

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?

This is a big tool to most successful traders we have in the market since the crypto market is huge with diverse coins to trade depending our interest so far. Personal trading strategy can be amended to suit the market whenever things goes wrong or when the market is in another phase. This will help us to keep to rules and play a good role to us having a better timing and working towards our goal.
One of the problems of personal trading strategy is that it need to be evaluated constantly to cross check if it is still active for a better analysis.

No. Strategy is not a tool but it was also called a strategy. An example of tool is a trading bot. Each traders are using a strategy but newbies could likely rely in others strategy while successful traders do only rely on their own and that is why they became successful.

It's better to have two or more strategies which work in different market conditions so that we can be able to continue making a profit. Personal strategy or copied strategy, evaluating it is important so that we will know if it's still working or not but we shouldn't dispose it right away. We need to set aside it for a while and use the other strategy. Sometimes strategies needs a rest too like us humans.

When we do talk strategy then you would really be needing some tool.Its connected but totally that different in meaning thats why you should really know on what you are dealing with.

Its okay to see others perspective and others strategy but it would be always be that good to create your own.When it comes to tools and other aspects then it could really be seen and could be used
online and everything is almost provided.

It is really just varying on how you would really make use of it and put up some analysis on it this is why results could really vary person to person.

jostorres

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Quote from: ChiNgadOr on November 04, 2022, 07:59:37 PM

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?

This is a big tool to most successful traders we have in the market since the crypto market is huge with diverse coins to trade depending our interest so far. Personal trading strategy can be amended to suit the market whenever things goes wrong or when the market is in another phase. This will help us to keep to rules and play a good role to us having a better timing and working towards our goal.
One of the problems of personal trading strategy is that it need to be evaluated constantly to cross check if it is still active for a better analysis.

No. Strategy is not a tool but it was also called a strategy. An example of tool is a trading bot. Each traders are using a strategy but newbies could likely rely in others strategy while successful traders do only rely on their own and that is why they became successful.

It's better to have two or more strategies which work in different market conditions so that we can be able to continue making a profit. Personal strategy or copied strategy, evaluating it is important so that we will know if it's still working or not but we shouldn't dispose it right away. We need to set aside it for a while and use the other strategy. Sometimes strategies needs a rest too like us humans.

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Quote from: boyptc on November 05, 2022, 09:00:08 AM

Quote from: ChiNgadOr on November 04, 2022, 07:59:37 PM

One of the problems of personal trading strategy is that it need to be evaluated constantly to cross check if it is still active for a better analysis.

All of the strategies that you'll try in trading will have to be evaluated by you as you're the one who tests and tries it.

And if it's not showing good results, you just evaluate it that it's not for you and you have to try another strategy that will work perfectly for you.

Just keep on testing strategies that could be the best for you as you trade it personally and work on it as your personal strat to work with.

Yup! it's only you who can say if the strategy that you are using will work or if you need to adjust and change it from time to time.

A lot of patterns you can look upon but it's always depending on how you take your position and how you execute your strategy.

More on self-assessment and how will you keep improving your strategy to a much better and fit with your trading styles.

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Quote from: lixer on October 25, 2022, 02:18:41 AM

I guess it's when the traders aren't actively trading in bear but they can use that spare time to seek for a better strategy right? In conclusion, it wasn't totally wrong to follow other starts but we should also have our own original start and we will use it more often than them.

If there is a newbie who doesn't know what to do and fine with losing, that’s going to be a newbie who will learn how to make profit eventually. Unfortunately, I have met with more newbies who are not fine about losing, and claim that bitcoin and crypto is a big scam to steal everyone’s money as soon as they join and start losing money.

I have been in crypto for nearly 10 years now, and I have lost insane amount of money so far, like literally life changing amount of money, because I didn't hold my coins, and I have lost some trading, and I have lost some investing too, but made more than I lost, so I am doing fine, having a blast specially for the past 5 years. Be like the first newbie, not the second one.

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Quote from: ChiNgadOr on November 04, 2022, 07:59:37 PM

One of the problems of personal trading strategy is that it need to be evaluated constantly to cross check if it is still active for a better analysis.

All of the strategies that you'll try in trading will have to be evaluated by you as you're the one who tests and tries it.

And if it's not showing good results, you just evaluate it that it's not for you and you have to try another strategy that will work perfectly for you.

Just keep on testing strategies that could be the best for you as you trade it personally and work on it as your personal strat to work with.

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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?

This is a big tool to most successful traders we have in the market since the crypto market is huge with diverse coins to trade depending our interest so far. Personal trading strategy can be amended to suit the market whenever things goes wrong or when the market is in another phase. This will help us to keep to rules and play a good role to us having a better timing and working towards our goal.
One of the problems of personal trading strategy is that it need to be evaluated constantly to cross check if it is still active for a better analysis.

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Quote from: Sebas.tian on November 01, 2022, 11:36:20 PM

Quote

Having a personal strategy may be very good, but, what kind of personal strategy?

Buy coins when the price is low in the market and sell when the price is high in the market is the best strategy many traders has been using to make profits from their investments. Applying this strategy to your long term trading in the community, it will really help you to minimize losses, and to maximize in profits making in the community. I think, many successful traders stick to their personal strategy to became who they are today in the community, because they focused on their personal strategy than others traders strategy.

Buy low Sell high indeed but it wont really be simple as it sounds as you would really be needing to do lots of analysis and other factors which you would really be needing to do to make your strategy a little more better.

Its really always been good if you do have your own trading ways or strategy rather than on making yourself relying into others strategy.You should really be the one on making on where you could create on your own

and as you do go further or gaining more experience, you would eventually make those strategies to be more enhanced and you could easily make out adjustments
on possible scenarios or conditions that you might faced on.

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Quote

Having a personal strategy may be very good, but, what kind of personal strategy?

Buy coins when the price is low in the market and sell when the price is high in the market is the best strategy many traders has been using to make profits from their investments. Applying this strategy to your long term trading in the community, it will really help you to minimize losses, and to maximize in profits making in the community. I think, many successful traders stick to their personal strategy to became who they are today in the community, because they focused on their personal strategy than others traders strategy.

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Quote from: Strongkored on October 03, 2022, 03:42:17 AM

It is precisely those who do not have a personal strategy in trading are those who enter the world of trading carelessly.
Having a personal strategy in trading will not guarantee consistent profits but it will allow us to learn every mistake made and be disciplined in trading so that it can reduce losses.

There are people that have more than one strategies and fluctuate between them, and still Make loses.
And what's the essence of trading when I'm not making profit but rather be painfully making mistakes with hopes of learning from them which I would have learnt from the mistakes of others and possibly practice it on a demo account before moving it to a real live account.
I really don't see this very act as wise because I have seen people who also Mae alot of profits without any stress and just choose to copy the trades of others either through copy trading apps or direct mentorship.

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Sometimes I would choose the option when a trader uses an already worked out, ready-made strategy - this can be more profitable and safe. At least, this option seems to me quite correct.

No strategy is 100% effective, and trading with someone else's strategy can be risky. You will be able to get more secure results when you create a strategy and use it for trading by researching the market in detail. So it is important to educate yourself first, otherwise no matter how many strategies you bring and use, you may see a huge downfall.

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Quote from: NicNacCoin on October 12, 2022, 07:43:15 PM

In order to trade you must employ some of your personal strategies.If you don't have any outside knowledge then you can never get any good from trading platform It is not always possible to make more money with technical strategies. Sometimes you need to survive on the trading platform by using personal strategies.

Having a personal strategy is really important in trading.If you don't have any personal strategy then you will never achieve anything good there.And whenever you can use a personal strategy to become successful, you can feel that you have achieved something good in your life.So instead of always using this technical technique, sometimes it is better to think about being successful by using personal techniques in some cases.

In my personal opinion, each person has their way of seeing the trade, and sometimes these people have the correct vision of the market, for me things can turn out like this, I currently consider that I lack more security to determine what can happen in the market. market, that is why it is so difficult for me to operate in BTC and in the crypto market, there are many fundamentals, they can be developed or not, but I think that everything that is happening in the world is very new, and we are seeing the reactions of the markets Given these new events, where there are many rumors of war, it is more difficult for BTC to achieve an overwhelming bullish trend.

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Quote from: Zanab247 on October 21, 2022, 10:39:10 AM

Using personal strategy to trade is like driving your personal car in a long journey with a little fuel to get to your destination. Since we are still experiencing bear season in the community, it will really help you to know so many things in the crypto market when you involve your personal strategy to carry out your crypto trading in the market. Just try your possible best to apply personal strategy in this season so that you will know that is more favourable to use personal strategy to trade in the market to experience income than using other people strategy to trade in the market

The fuel should be the money that you put in trading. It is low fuel if you put low amounts but full tank if you put massive amounts but unlike driving a real car, more fuel or money in trading can be very risky because the exchange might get hack or the exchange can control your funds. You can also lose it personally if you are weak in trading. In what way a bear can help a trader?

I guess it's when the traders aren't actively trading in bear but they can use that spare time to seek for a better strategy right? In conclusion, it wasn't totally wrong to follow other starts but we should also have our own original start and we will use it more often than them.

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Quote from: Obari on October 02, 2022, 01:54:27 PM

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?

Having a personal trading strategy is a lot better rather than copying or relying on someone to trade. You personally know the risk if you have a strategy of your own and you can adjust it everytime you learn something new. Like my experience in trading whatever strategy I use that I saw on youtube videos, I still come back to my own style of trading since that's where I'm comfortable and able to make profit cautiously.

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Quote from: virasisog on October 24, 2022, 06:41:53 PM

Quote from: jossiel on October 24, 2022, 06:27:16 PM

Quote from: goinmerry on October 23, 2022, 07:15:55 PM

Actually, everyone is aware of what's the best thing to do but the execution of the process is really hard.

This reality should sink in for most. The strategies are there and ready to be applied but when we come into the actual thing, that's barely met and followed.

It's true that executing or applying it is harder in that process because we thought and claiming that it was an easy thing. But another problem might exist upon doing it.

And that's why people are telling you whatever is working the best for you, you keep that and continue your way by determining what works easily.

There are plenty of strategies that we could learn but not all of them would apply to us. We can only be a single strategy that would fit our target profit and the period that we want to trade.

Some traders prefer applying only the basics which is to buy low and to sell high but you can make things more effective and efficient if you'll learn continuously and be knowledgeable about technical analysis. If you can read the charts, you'll have an idea about your next move.

The basic is actually the best one.

But those that want to expand their knowledge and to experience it, they can choose with the variety of strategies that they can see from other traders.

Reading the chart is part of it and that's the next step from being the basic trader, it's a step up to learn how to read the charts and then so on learning the more complex strategies that requires more time.

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Quote from: jossiel on October 24, 2022, 06:27:16 PM

Quote from: goinmerry on October 23, 2022, 07:15:55 PM

Actually, everyone is aware of what's the best thing to do but the execution of the process is really hard.

This reality should sink in for most. The strategies are there and ready to be applied but when we come into the actual thing, that's barely met and followed.

It's true that executing or applying it is harder in that process because we thought and claiming that it was an easy thing. But another problem might exist upon doing it.

And that's why people are telling you whatever is working the best for you, you keep that and continue your way by determining what works easily.

There are plenty of strategies that we could learn but not all of them would apply to us. We can only be a single strategy that would fit our target profit and the period that we want to trade.

Some traders prefer applying only the basics which is to buy low and to sell high but you can make things more effective and efficient if you'll learn continuously and be knowledgeable about technical analysis. If you can read the charts, you'll have an idea about your next move.

Topic: Is it best to have a personal trading strategy? - page 8. (Read 2393 times)