Topic: My Trading Strategy - page 5. (Read 787 times)

I came to realize that there's no perfect trading strategy but you can create a rule base strategy that works when you decipline yourself and follow the rules even if at the end of your analysis and it finally becomes a lose trade, you're gonna be fine because you followed the rules base system you set for yourself and not trying to beat or out smart the market.

Added to this, is Confidence and Patience.

For many years of trading ,I have been looking for the perfect trading strategy , but I came to realize that there's no perfect trading strategy but you can create a rule base strategy that works when you decipline yourself and follow the rules even if at the end of your analysis and it finally becomes a lose trade, you're gonna be fine because you followed the rules base system you set for yourself and not trying to beat or out smart the market.
It is known that no one can actually predict the market but we can only react to the current market situation.
     All these years of my trading journey, I incurred huge number of loses and still never give up because I have passion for trading ,
I used most of loses as part of lessons until I developed a Rule Base trading system that works for me called..
                        "CEST"
Condition, Entery, Stops and Target.

Note:This is not a 100% working strategy because there is no strategy that works 100%. In this my trading system I ensure that all terms and conditions are met before I take any trade, Once this conditions are met,
Added to my strategy is...

"DCA" Dollar cost Average

In this DCA strategy what I do is using lowest X leverage and increasing my leverage as the market continues to have a pull back until my terms are met.
  for example..

let say I want to take a  trade on BTC with a maximum of 10x Leverage, my entry will be split into 3 or 5 depends on your trading capital, then I set my first buy order in these method.
A. 1st entry 40k with Isolated margin 2x leverage 20% of my capital,

B. 2nd 38k 3x leverage 30% of my capital and

C. 35k 5x leverage 50% and this is  base on demand and supply {support and Resistance} zone in the market, this is because most at times the market does pull back lower than your initial entry point,
should this be a profitable trade, you will realize that before your 1st entry point you're already on profit even if the trades turns out to be a lose trade it not gonna be same as taking a one time trade at 10x leverage at around 40k.

 Added to this, is Confidence and Patience.

How do you gain confidence?.
You gain confidence by backtesting your strategy with historical data not to check the amount you can make out of the but the amount you can lose and consistency of your trading plan.

 All these with other rules has helped me over this years become a more profitable trader than I was.

This is not a 100% working strategy because there is no strategy that works 100%. In this my trading system I ensure that all terms and conditions are met before I take any trade, Once this conditions are met,
Added to my strategy is...

"DCA" Dollar cost Average

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.

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

For many years of trading ,I have been looking for the perfect trading strategy , but I came to realize that there's no perfect trading strategy but you can create a rule base strategy that works when you decipline yourself and follow the rules even if at the end of your analysis and it finally becomes a lose trade, you're gonna be fine because you followed the rules base system you set for yourself and not trying to beat or out smart the market.
(....)

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.

No strategy is 100% efficient in as much as the goal is to make profit losses are inevitable so to maintain a clean trading habit once a trade goes some pips above a buying trade or pips below a selling trade emotions and greed should be avoided. Take the little profit available with hope to make more profits some other day. The market is always open for profit but greed can kill even in a profitable trade.

If they strategy works decipline should always be the watch word to keep the profit margin greater than losses. No business survives with constant loss

For many years of trading ,I have been looking for the perfect trading strategy , but I came to realize that there's no perfect trading strategy but you can create a rule base strategy that works when you decipline yourself and follow the rules even if at the end of your analysis and it finally becomes a lose trade, you're gonna be fine because you followed the rules base system you set for yourself and not trying to beat or out smart the market.

No strategy is 100% efficient in as much as the goal is to make profit losses are inevitable so to maintain a clean trading habit once a trade goes some pips above a buying trade or pips below a selling trade emotions and greed should be avoided. Take the little profit available with hope to make more profits some other day. The market is always open for profit but greed can kill even in a profitable trade.

If they strategy works decipline should always be the watch word to keep the profit margin greater than losses. No business survives with constant loss

Cost averaging make sense to me, it allows you to buy more and increase your holdings while minimizing the cost so I think this article is fine, though of course you still need to evaluate it.

Creating strategy is very critical, it can affect your whole system so better to have one always and I agree that there’s no perfect strategy, it will still depend on the market situation and on how you execute your trading.

What do you think of these strategies https://cryptogeek.info/en/blog/5-crypto-investment-strategies? Does it make sense to use at least one of this list? Or is this article just for attention?

How do you gain confidence?.
You gain confidence by backtesting your strategy with historical data not to check the amount you can make out of the but the amount you can lose and consistency of your trading plan.

 All these with other rules has helped me over this years become a more profitable trader than I was.

You are just using DCA in leverage trading and nothing new with that. There's no such as strategy in leverage trading especiallt if you are using a leverag more than x2 because you can easily lose if it hits your liquidity price unlike spot trading that you are safe since its only a paper loss. Leverage trading is for traders with high balance to give them more margin on there liquidity price. A normal trader with minimal balance is not suitable to play leverage trading even you are doing DCA because you margin is very small even if you have a stop loss. I will agree on this strategy if its nly spot trading.