My Trading Strategy - page 2. | Bitcointalksearch.org

Finestream

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Quote from: stepwilli on March 05, 2022, 03:18:08 PM

Trading is usually a difficult thing to do, but anyone that has the patience and is able to learn, they would go a long way. It is very important that we try out different strategies and know the ones that would work for us.

Even after you have gotten one strategy, it is good to know that you shouldn’t stop there, you should go ahead to learn new things and new strategies and also see how they would work, you never know what might work out best for you. And knowing how to manage risks is very important, so that you don’t end up losing too much in the market.

Continuous learning in trading and giving yourself lots of time for experience will certainly lead to develop strategies that will mostly suit and work on you. There may be no perfect strategy but you can always find a good one that will be more beneficial to you. And yes, even if you know you already have one, just keep on learning because the trading market is constantly changing, and so you have to change your strategy as well once you see its not making you profitable anymore.

Kasabus

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Quote from: crwth on March 03, 2022, 10:21:08 PM

Everyone should know that there is no perfect strategy, and you cannot get a 100% result. Life is too much of a complicated thing to be that kind of "perfect" or easy when it comes to different parameters in life. There are too many factors to consider when trading, and you cannot accompany it all, just the data in front of you. The best thing is the management of expectation and risk.

Averaging is one way to win in trading, especially if you want to hold it continuously. You don't need to be too concerned about the current price if you consistently buy the asset.

Confidence is built up in time, IMO. If you know what you are doing, then I think you are already safe with that.

You can be a good or an expert trader, but you will never come up with a perfect strategy, only a strategy that will work on you temporarily. And the more you work with your own strategy, the higher the chances to end up with a successful trading. However, confidence in trading will not be develop easily, hard work and perseverance in trading will build it in time. But no matter how confident you are, losses will always be inevitable in trading, you just have to be more wise and smart to control and lessen it.

endut15

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no strategy is 100% accurate, let alone using one strategy to trade with other market conditions. in trading we have to make a strategy based on market conditions. over time the market will always change, so it is very difficult for us to use the same strategy as before when trading. to choose a strategy in trading, do a new analysis according to market conditions, then determine the strategy that you think is suitable and a big profit opportunity.

tvplus006

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Quote from: bhooscream on March 29, 2022, 05:10:51 PM

Having some different strategies makes us easier to adapt to every market situation. When one strategy is no longer effective to use, we still have other strategies to apply. 1 trading strategy may not work in each market situation. A certain strategy that works effectively in the uptrend, probably not work well when it is in a downtrend. That's why we need some trading strategies.

The correctness of the choice of a trading strategy is especially noticeable in a bear market, since it is very easy to lose your money with an incorrect trading strategy. With a bull market, it is much easier to trade and, as a rule, all strategies come down to the fact that we buy today and sell tomorrow with a profit.

CapGelatik

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Quote from: kamilah147 on March 29, 2022, 04:22:55 PM

Quote from: stepwilli on March 05, 2022, 03:18:08 PM

Trading is usually a difficult thing to do, but anyone that has the patience and is able to learn, they would go a long way. It is very important that we try out different strategies and know the ones that would work for us.

Even after you have gotten one strategy, it is good to know that you shouldn’t stop there, you should go ahead to learn new things and new strategies and also see how they would work, you never know what might work out best for you. And knowing how to manage risks is very important, so that you don’t end up losing too much in the market.

That's right, when we trade we will be tested with patience. those who patiently analyze the market and never tire of finding the right strategy will get satisfactory results. as you said, can't stop there. always make changes in strategy according to market conditions.

Yes with the crypto market constantly moving we can't just rely on the same strategy,
we must be flexible otherwise we will be trapped and we will most likely lose,
finding the right trading strategy is not easy because it takes a lot of time for sure

Sebas.tian

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Quote

Yes, right. There is no perfect strategy in trading and it is perfectly acceptable to common sense. But in trading, we can try to be able to run as perfectly as possible, which is quite good, let alone strengthened by patience. It is very rare for traders who are able to apply complete patience in trading.

I agree with you, nothing like perfect strategy in crypto trading because price can change at anytime in the market, either to cause traders to make huge amount of money at the moment or cause traders to experience losses at the moment. Common sense is very important for traders to apply to their strategies to be able to identify when to sell to embrace peace from the market and when not to buy than to hold for a bright future to come. It's only those that will embrace patience in crypto trading will not regret when the price finally increase higher to a level where all investors will be smiling with their profits.

bhooscream

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Quote from: hoodahell on March 23, 2022, 08:40:54 AM

Its good to use different trading strategies. All depends on the market and what kind of trader you are.

Yes. Having some different strategies makes us easier to adapt to every market situation. When one strategy is no longer effective to use, we still have other strategies to apply. 1 trading strategy may not work in each market situation. A certain strategy that works effectively in the uptrend, probably not work well when it is in a downtrend. That's why we need some trading strategies.

kamilah147

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Quote from: stepwilli on March 05, 2022, 03:18:08 PM

Trading is usually a difficult thing to do, but anyone that has the patience and is able to learn, they would go a long way. It is very important that we try out different strategies and know the ones that would work for us.

Even after you have gotten one strategy, it is good to know that you shouldn’t stop there, you should go ahead to learn new things and new strategies and also see how they would work, you never know what might work out best for you. And knowing how to manage risks is very important, so that you don’t end up losing too much in the market.

That's right, when we trade we will be tested with patience. those who patiently analyze the market and never tire of finding the right strategy will get satisfactory results. as you said, can't stop there. always make changes in strategy according to market conditions.

Silberman

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Quote from: RealMalatesta on March 26, 2022, 12:39:36 AM

Quote from: Silberman on March 24, 2022, 02:16:05 PM

When it comes to trading there are a lot of things you can learn from books but there are just as many that you cannot learn by any other means but by experiencing them, and the only way to gain this experience is to be part of the market, this is one of the many reasons of why taking a high risk strategy is a mistake, those people lose their money so quickly that the lessons they learned from the market are too few and by the time they comeback they have forgotten most of what they learned anyway, which will make them to repeat the same mistakes over and over again.

This is true, books could be a bit too old fashioned and I do not think that you need books to learn anymore. But online world is filled with stuff that you could learn from. Starting from simple articles, to in depth classes, to youtube videos to courses. You could learn from many of them, and that would replace the books in your saying.

However, the rest is correct, you have to learn from doing things and learning what mistakes you do, which would result with you getting a bit better in the long run. Of course it will take some time before you could get better, but in the end you will learn from your mistakes which is the best teacher.

This is why I have always thought that if a person has been actively trading the markets for at least half a year, it is using a decent money management strategy and they have just lost a small amount of money then that is a trader that has a bright future ahead of them, as after so many months they would have learned a great deal about how the markets move and they will be able to refine their strategy to the point it finally makes them money, making them profitable over the long run.

JunkieMiner

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An excellent thinking of you, you can also get more and more knowledge about trading if you going to change the trading strategies with time to time, because applying the same strategy in the trading doesn't work properly and can be helpful as I think so, and the main thing in trading is that one should apply best strategy for getting more profit with having much knowledge about trading as well.

Rana590

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Quote from: Viscore on March 26, 2022, 03:56:32 PM

Quote from: sheenshane on March 05, 2022, 06:43:56 PM

Quote from: GreatArkansas on March 05, 2022, 05:55:51 PM

..that's why there is stop loss/targets because it will save you to maximize your profits and minimize your loss.

It's a good point to always set a stop loss or target in every trader so that they will know about their loss, if your strategy will not work at once or twice, don't let it will happen next, find another one and try. It seems to sound like trial and error but through this error, you should learn about it and apply it in the next session and avoid not will happening again.

I tend to agree with others there's no accurate trading strategies, all of them are speculating the market try to draw a conclusion which is only predicting the possible outcome but in fact, it's unpredctable and no really knows what will happen next.

All strategies are still subject for trial and error and if they work out, that's the time that we will start developing them. But even how good a strategy is, it won't be perfect and it won't works forever. You should always find another strategy that will suit on you and works on you when you are seeing that your old strategy is not profiting anymore. However, setting a stop loss is more advised every time we trade so that we know when to stop when we are experiencing consistent losses in trading. Minimizing our loss and maximizing our profits instead.

All the strategies are not suitable for all the people. We should follow our own strategy. For this, we should practice more and more experiences are need. Obviously stop loss is a good strategy. Besides it, we should try to sell by taking suitable level of profit.

Viscore

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Quote from: sheenshane on March 05, 2022, 06:43:56 PM

Quote from: GreatArkansas on March 05, 2022, 05:55:51 PM

..that's why there is stop loss/targets because it will save you to maximize your profits and minimize your loss.

It's a good point to always set a stop loss or target in every trader so that they will know about their loss, if your strategy will not work at once or twice, don't let it will happen next, find another one and try. It seems to sound like trial and error but through this error, you should learn about it and apply it in the next session and avoid not will happening again.

I tend to agree with others there's no accurate trading strategies, all of them are speculating the market try to draw a conclusion which is only predicting the possible outcome but in fact, it's unpredctable and no really knows what will happen next.

All strategies are still subject for trial and error and if they work out, that's the time that we will start developing them. But even how good a strategy is, it won't be perfect and it won't works forever. You should always find another strategy that will suit on you and works on you when you are seeing that your old strategy is not profiting anymore. However, setting a stop loss is more advised every time we trade so that we know when to stop when we are experiencing consistent losses in trading. Minimizing our loss and maximizing our profits instead.

Bobrox

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Quote from: xSkylarx on March 26, 2022, 01:31:47 AM

I agree, but patience is a very broad concept, and I believe you are referring to holding for an extended period of time. Patience in trading is defined as striking at the right time or triggering your trade at the right time in accordance with your strategy, which has been met. Suppose you have three strategies to meet before placing a trade but you are not patient enough and only two of the strategies are met, resulting in you placing the trade and later realizing you have lost your trade.

I try apply this concept with keep patience on trading way, I have lost several time without patience when buying or selling coin actually ever get hurry up when buy some coin although have on higher price. Now I try keep patience when buy some coin and waiting when dip price moment.

Every time when hurry up buy some coin always get bad result with price later dump and drop drastically and now keep patience than have loss more again, some person is not have enough for waiting and patience keep buy some coin although high risk with have been on higher price and don't have time how keep waiting.

xSkylarx

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Quote from: Findingnemo on March 25, 2022, 01:34:39 PM

Quote from: aylabadia05 on March 25, 2022, 12:22:26 AM

Yes, right. There is no perfect strategy in trading and it is perfectly acceptable to common sense. But in trading, we can try to be able to run as perfectly as possible, which is quite good, let alone strengthened by patience. It is very rare for traders who are able to apply complete patience in trading.

Being patience is having difference from not doing anything, if there is a coin which keep losing its value for very long time with no certain potential then it is good to sell the coin instead of blind hope so you can get some of your capital instead of 100% loss. Meanwhile you can keep making the trades but in long term you won't be having any savings like the investors reap.

I agree, but patience is a very broad concept, and I believe you are referring to holding for an extended period of time. Patience in trading is defined as striking at the right time or triggering your trade at the right time in accordance with your strategy, which has been met. Suppose you have three strategies to meet before placing a trade but you are not patient enough and only two of the strategies are met, resulting in you placing the trade and later realizing you have lost your trade.

RealMalatesta

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Quote from: Silberman on March 24, 2022, 02:16:05 PM

When it comes to trading there are a lot of things you can learn from books but there are just as many that you cannot learn by any other means but by experiencing them, and the only way to gain this experience is to be part of the market, this is one of the many reasons of why taking a high risk strategy is a mistake, those people lose their money so quickly that the lessons they learned from the market are too few and by the time they comeback they have forgotten most of what they learned anyway, which will make them to repeat the same mistakes over and over again.

This is true, books could be a bit too old fashioned and I do not think that you need books to learn anymore. But online world is filled with stuff that you could learn from. Starting from simple articles, to in depth classes, to youtube videos to courses. You could learn from many of them, and that would replace the books in your saying.

However, the rest is correct, you have to learn from doing things and learning what mistakes you do, which would result with you getting a bit better in the long run. Of course it will take some time before you could get better, but in the end you will learn from your mistakes which is the best teacher.

Findingnemo

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Quote from: aylabadia05 on March 25, 2022, 12:22:26 AM

Yes, right. There is no perfect strategy in trading and it is perfectly acceptable to common sense. But in trading, we can try to be able to run as perfectly as possible, which is quite good, let alone strengthened by patience. It is very rare for traders who are able to apply complete patience in trading.

Being patience is having difference from not doing anything, if there is a coin which keep losing its value for very long time with no certain potential then it is good to sell the coin instead of blind hope so you can get some of your capital instead of 100% loss. Meanwhile you can keep making the trades but in long term you won't be having any savings like the investors reap.

jaberwock

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Quote from: tvplus006 on March 23, 2022, 06:11:49 AM

Every trader has his own trading strategy, this also applies to beginners who do not yet know what it is. And each trader changes his trading strategy as he learns more theory about trading and, accordingly, practice. So you should not be afraid to change your trading strategy in an effort to get more profit.

If they are earning already on the strategy that they use, they will feel contented and they are worried that they can lose the momentum once they formulate and try another strategy because that can lose their focus on the first one. The more that they expect for more profit the more that they will lose. Being greedy to earn more is not good.

Beginners don't have their own strategy because their knowledge is still limited but they usually seek for others strategy. They will use it while they sharpen their skills in trading and they will slowly modify this strategy up to the point that they have created their own strategy. They will hardly notice it.

aylabadia05

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Yes, right. There is no perfect strategy in trading and it is perfectly acceptable to common sense. But in trading, we can try to be able to run as perfectly as possible, which is quite good, let alone strengthened by patience. It is very rare for traders who are able to apply complete patience in trading.

gamer4156

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There are an excessive number of elements to think about while exchanging, and you can't go with everything, simply the information before you. The best thing is the administration of assumption and chance. The market is generally open for benefit yet covetousness can kill even in a beneficial exchange.

KingsDen

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Goodnight, o_e_l_e_o 🌹

Quote from: CryptopreneurBrainboss on March 24, 2022, 05:42:15 PM

Quote from: savetheFORUM on March 24, 2022, 03:11:59 AM

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Dollar cost averaging your investment gives you an opportunity to buy into the market at every decreased the market experiences and reduce the outcome of you regretting buying at a higher price. Dollar cost average comes in handy because it's uncertain to know the actual bottom of Bitcoin or other cryptocurency of your interest.

Thanks for this very good insight, many people don't know what is dollar cost average. It is not finding the lowest point to buy at. It is near impossible to determine the lowest point to buy from. Dollar cost average as the name implies means averaging your investment instead going once into the uncertain market.
For instance, you want to make an investment of $1,000. Instead of buying once with $1,000. You can go x2 leverage with $200 incase the market will deep. When it dips, you can go on x5 leverage with $300. When market goes down again you can buy with $500 on x10 leverage. If the market reverses and wants to run into profit, the last x10 with 500 will give you massive profit even before the market will reach $300 buying point.

Topic: My Trading Strategy - page 2. (Read 787 times)