Is it best to have a personal trading strategy? - page 9.

jossiel

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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's an easy thing. But another problem might exist upon doing it.

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

Mahanton

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Quote from: bhooscream on October 23, 2022, 07:23:15 PM

Having a personal strategy may be very good, but, what kind of personal strategy? are we able to arrange such effective personal strategy that really works well and profitably? If we are still lack, trying other people strategy may be also helpul. from the experiences, we can then try to start our own strategy based on the evaluation of the practices itself. having experiences will be really useful and helpful fornus to start what kind of strategy that are conformed to our trading activities. for, each person may have different or same strategy. do only what you can learn and do that will lead you to gain more profits with minimum losses.

You are the ones who would really be needing to create those strategy of yours and this is why it would really be involving lots of trial and error for you to find out on those strategy that would fit you.
Its always been better to have your own trading strategy on which you would able to stand on your own without following someones feet or path.Somehow, getting some ideas
on other traders wont really be that bad and would be applied into yours because this would really broaden up your knowledge. Just be versatile
and do all things which you do seem to be right or according into your own preference.

bhooscream

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Having a personal strategy may be very good, but, what kind of personal strategy? are we able to arrange such effective personal strategy that really works well and profitably? If we are still lack, trying other people strategy may be also helpul. from the experiences, we can then try to start our own strategy based on the evaluation of the practices itself. having experiences will be really useful and helpful fornus to start what kind of strategy that are conformed to our trading activities. for, each person may have different or same strategy. do only what you can learn and do that will lead you to gain more profits with minimum losses.

goinmerry

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Quote from: jaberwock on October 22, 2022, 02:40:12 AM

Last time we had it in 2021 when the prices went up, I had a friend who was holding coins since 2018, he kept on buying more and more of them, and since they were really cheap he bought a lot of them as well, ETH was as low as 100 dollars and less for a while before that, and went as high as over 4k+ just to give one example, if you invested 10k dollars into that, you would have 400k+ dollars, and that's just one example. He collected for 2+ years, and when the time comes his 20-30k dollar investments became millions of dollars and that wasn't too hard, just buy and hold.

That's the fruit of patience however not anyone can do that. Might sound simple but in reality that was hard to do. Unless they afford to risk decent money while at the same time having that strong patience to wait for years, that should do.

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

LUCKMCFLY

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Quote from: jaberwock on October 22, 2022, 02:40:12 AM

Quote from: monineklutak on October 19, 2022, 05:14:14 AM

When the bull run is a good time to make a profit by selling potential coins,
whereas when a bear market many people take advantage of the moment to buy some potential coins and hold them,
apart from that actually it depends on each strategy

That is exactly how some people become rich, and it looks overnight to certain people as well who fails to do it.

Last time we had it in 2021 when the prices went up, I had a friend who was holding coins since 2018, he kept on buying more and more of them, and since they were really cheap he bought a lot of them as well, ETH was as low as 100 dollars and less for a while before that, and went as high as over 4k+ just to give one example, if you invested 10k dollars into that, you would have 400k+ dollars, and that's just one example. He collected for 2+ years, and when the time comes his 20-30k dollar investments became millions of dollars and that wasn't too hard, just buy and hold.

Well, there is something that I have learned, and it is that through some books that I have read, it has made me know that some very famous merchants, from the era of the years 1800-1900, they operated with technical analysis, but in their base personal, sometimes, only sometimes they paid attention to what they could sense could happen, this is something very strange, but a very famous trader that strategy worked for him, so intuition is something very personal, sometimes in trading It works, and despite the fact that it is something very crazy, or something that not everyone would do, but if there is that personal conviction, I think it could give him a lot of money, I think that counts as a very personal strategy.

jaberwock

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Quote from: monineklutak on October 19, 2022, 05:14:14 AM

When the bull run is a good time to make a profit by selling potential coins,
whereas when a bear market many people take advantage of the moment to buy some potential coins and hold them,
apart from that actually it depends on each strategy

That is exactly how some people become rich, and it looks overnight to certain people as well who fails to do it.

Last time we had it in 2021 when the prices went up, I had a friend who was holding coins since 2018, he kept on buying more and more of them, and since they were really cheap he bought a lot of them as well, ETH was as low as 100 dollars and less for a while before that, and went as high as over 4k+ just to give one example, if you invested 10k dollars into that, you would have 400k+ dollars, and that's just one example. He collected for 2+ years, and when the time comes his 20-30k dollar investments became millions of dollars and that wasn't too hard, just buy and hold.

DoublerHunter

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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.

^Personal strategy is very useful when you start your own research and apply it in your trading activity.
As I can see, it is definitely right, having your own technical and fundamental trading strategies are the best asset in trading because it is sure you know how to forecast the price by using your own. So now the problem is to test how accurate it is and if working is not working 4-5 times, that is not a good strategy which is you lose consistently and need it to change. As for the question of the OP, yes, it ios good to have your own personal strategy.

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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

I don't know how is that personal trace he was saying, but then when I started trading it is just a basic understanding that when are going to buy a coin it should be a little bit cheaper and you will sell it at high price, it would be great if he knew and he know how to read charts even the basic chart reading through candlestick can help everyone, I survive my trading with this knowledge.

Experience would be your best teacher and this is much more better rather than making yourself been relying into others which its never been that ideal on doing so.
Just make yourself do learn on things along the way via those real time engagement which is something i would say to be worth rather than on relying on others signals.
Its always been best to be independent but its not really bad to listen into others speculations so that you would really be adding up into your knowledge.
Dont rely and make your trading decisions on your own which it cant really be giving out that kind of regret.

Zanab247

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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

monineklutak

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Quote from: gunhell16 on October 14, 2022, 10:33:54 PM

Quote from: bitgolden on October 13, 2022, 10:45:32 AM

If you can arrange it, then it would be great. If you cannot, then the better option would be putting a bit of time into checking every single strategy you find, that way you would be able to do whatever you want to do, and you would still have options.

There are so many options available online, you can pick one, and trade with that and see how it does. Also, it is important to realize that during bear markets there won't be that many things that would make sense, but in other markets there are situations where it would make a bit more sense, that would be a lot better. This is why something that doesn't work today, could be perfect when we are in bull run.

We all have our strategies to earn cryptocurrency in this industry. Now, it's really up to us how we manage it correctly so that the result is good. And we indeed have many options in this matter.

However, it is still different when we are in a bull run as a crypto trader, because the movement of income seems to be faster compared to the bear market in my view and opinion. Unlike the bear market, it is difficult to maintain a good profit in our daily life, so there are still others who know about crypto trading.

When the bull run is a good time to make a profit by selling potential coins,
whereas when a bear market many people take advantage of the moment to buy some potential coins and hold them,
apart from that actually it depends on each strategy

Lanatsa

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Quote from: TheUltraElite on October 18, 2022, 07:00:54 AM

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.

The major strategy is same, buy low and sell high. Beyond that we cannot make new strategies on our own, because these are time tested methods to profit from a speculative market.

Surviving on trading should not be the motive here. Trading will give you profits in between with gradual surges but there will not be any continuous profits.

In either case, keep your strategies limited. Otherwise you will get overwhelmed. In spot, not much thought needs to be given to this, rather repeatedly doing the right trade is important.

Buy low Sell high is the main concept when doing trading and it is just traders who do really add up some indicators for them to make out some analysis basing up on their trades and this is where results or outcomes

will vary since each one of us does have a trading style.Its better to have your own personal or totally having the knowledge on doing so which you would really be making yourself that independent

and doesnt really rely with others signals and speculative approach.You cant really be that assuring that you do make money but at least you do
it on your own way.

TheUltraElite

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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.

The major strategy is same, buy low and sell high. Beyond that we cannot make new strategies on our own, because these are time tested methods to profit from a speculative market.

Surviving on trading should not be the motive here. Trading will give you profits in between with gradual surges but there will not be any continuous profits.

In either case, keep your strategies limited. Otherwise you will get overwhelmed. In spot, not much thought needs to be given to this, rather repeatedly doing the right trade is important.

gunhell16

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Quote from: bitgolden on October 13, 2022, 10:45:32 AM

If you can arrange it, then it would be great. If you cannot, then the better option would be putting a bit of time into checking every single strategy you find, that way you would be able to do whatever you want to do, and you would still have options.

There are so many options available online, you can pick one, and trade with that and see how it does. Also, it is important to realize that during bear markets there won't be that many things that would make sense, but in other markets there are situations where it would make a bit more sense, that would be a lot better. This is why something that doesn't work today, could be perfect when we are in bull run.

We all have our strategies to earn cryptocurrency in this industry. Now, it's really up to us how we manage it correctly so that the result is good. And we indeed have many options in this matter.

However, it is still different when we are in a bull run as a crypto trader, because the movement of income seems to be faster compared to the bear market in my view and opinion. Unlike the bear market, it is difficult to maintain a good profit in our daily life, so there are still others who know about crypto trading.

RealMalatesta

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Quote from: bitgolden on October 13, 2022, 10:45:32 AM

If you can arrange it, then it would be great. If you cannot, then the better option would be putting a bit of time into checking every single strategy you find, that way you would be able to do whatever you want to do, and you would still have options.

There are so many options available online, you can pick one, and trade with that and see how it does. Also, it is important to realize that during bear markets there won't be that many things that would make sense, but in other markets there are situations where it would make a bit more sense, that would be a lot better. This is why something that doesn't work today, could be perfect when we are in bull run.

Finding the right one that works for you will take time, but it would be easier to do during a bull run as well. During a bull run there are a lot of people who would be making money and I believe that it would make sense, and at that point it is smarter to just join in on the fun and make some sort of profit based on whatever you feel like is the best for you during the bull run.

Most of the time you will make a profit anyway, because it's bull run and everyone does, but to find that works you for the best. During bear run it is smarter to stay away, just do DCA and long term and wait for the bull to start, because everyone is losing money during bear period anyway.

bitgolden

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If you can arrange it, then it would be great. If you cannot, then the better option would be putting a bit of time into checking every single strategy you find, that way you would be able to do whatever you want to do, and you would still have options.

There are so many options available online, you can pick one, and trade with that and see how it does. Also, it is important to realize that during bear markets there won't be that many things that would make sense, but in other markets there are situations where it would make a bit more sense, that would be a lot better. This is why something that doesn't work today, could be perfect when we are in bull run.

NicNacCoin

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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.

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Quote from: Asiska02 on October 12, 2022, 04:07:05 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.

As long as it works perfectly for you, sticking to only one type of trading strategy is not a bad notion. People frequently stick to a specific strategy, not because they don't want to earn more money like others who diversify their approaches, but rather because they are afraid to taking a risk. Although being willing to take risks in trading is a trait of a competent trader, if you don't diversify your skills, you can't become an expert in the field you claim to know.

Unless if you're going to do the old-fashion which is buying and selling high because a single form of trading strategy can not work perfectly as the cryptocurrency market is concerned because we are talking about the most volatile market in the world which can choose a certain momentum without knowing any possible reason for it.

fullhdpixel

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Quote from: ShowOff on October 11, 2022, 05:38:01 AM

The personal trading strategy I have in mind is to buy on the dip and wait for the market to bounce. Price fluctuations will help you make a profit but of course the best recommendation is on bitcoin rather than altcoin.

For most of the time, bitcoin is the best asset on the market that allows you to make a decent profit. The strength of your capital will determine the amount of profit earned, but of course for a higher risk. I don't have a specific trading strategy, but buying on the dip and accumulating it over the long term is the best option.

It is definitely something people use all the time, because there are crashes and bull runs on bitcoin at all times, it is not quick, but it does happen and we have seen it go up x5 and go down %50+ and repeat this a few times already.

If you invested even just 1000 dollars back in before 2014 price increase, and sold at the top, and bought at the bottom and kept repeating that, you would have millions of dollars right now. Which means bitcoin is more than enough, if you can find a decent altcoin like ETH then that would be fine too but the lower you go in the rankings, the higher the risk goes so it is definitely not something I would suggest.

stomachgrowls

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Quote from: Asiska02 on October 12, 2022, 04:07:05 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.

As long as it works perfectly for you, sticking to only one type of trading strategy is not a bad notion. People frequently stick to a specific strategy, not because they don't want to earn more money like others who diversify their approaches, but rather because they are afraid to taking a risk. Although being willing to take risks in trading is a trait of a competent trader, if you don't diversify your skills, you can't become an expert in the field you claim to know.

No one becomes professional or being experience into those people who had just been relying into others analysis.You wouldnt really make yourself able to learn up lots of things if you arent the ones who would really be

doing such stuffs.You are basically that dependent on others analysis which when the time comes where these sources is gone, then what would you do next? since you dont have the knowledge and awareness
on what you had done just because you are just following then you would really be just basically wandering around with zero knowledge.

Having your own would be the best thing which you could really stand on your own and made out analysis without others help.

Asiska02

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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.

As long as it works perfectly for you, sticking to only one type of trading strategy is not a bad notion. People frequently stick to a specific strategy, not because they don't want to earn more money like others who diversify their approaches, but rather because they are afraid to taking a risk. Although being willing to take risks in trading is a trait of a competent trader, if you don't diversify your skills, you can't become an expert in the field you claim to know.

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