Bitcoin Forum

I will keep this short and simple--and this post is to open our trading understanding a little.

As the title reads, oh yes, it's true, but they still lose. :( They are busy chasing a better strategy that can only exist in their imaginations, thereby losing focus, and then style drifting.

Those simple strategies you undermine are enough for you if you work on yourself. I was shocked when I realised someone bought a trading strategy for $3,700...oh my God! ??? And guess what, it failed him, what a waste!

A good trading strategy is important, but what traders need to succeed is not an absolute strategy that gives 100% winning or close. A 60% winning strategy is okay if you can work on your trading psychology and money/risk management. As simple as the two are, they've reshaped my trading results for good.

Reshuffle that mindset and see the result in months.

Not just in trading but even in gambling too, you see people giving so much value and importance to bought strategies order than those ones they had to gradually build by themselves. And I see why. It's because the source from which they bought those strategies designate themselves to be professionals and expert in the niche and they get overrated and whatever they give out sells even though it still fails.


Perhaps if people can get to be patient with the strategies they are cultivating by themselves they can strengthen and understand it much better with bigger results flowing through than those they dare to buy.

That’s just plain greed.

Yes, there are strategies that can make you profitable in trading, but you don’t need to pay for them. There’s no shortcut to building real skills.
The information and data are free, we just need to use those tools to improve ourselves. Eventually, by learning from our mistakes, we’ll get better.

If it were up to me, I’d rather use that money as trading capital than waste it on some so-called “strategy.”

They miss most important thing, a best strategy is best only if it brings profit for a trader.

I meant, a best trading strategy is sort of very personalized trading strategy that works well for a specific trader. Other traders can use other trading strategies that work fine and bring profit to their trading portfolios, but their best trading strategies can be most terrible strategies for you as you can not use theirs well like they did.

Traders must learn, practice and try many trading strategies before they can find their own best trading strategies. Remember that how risky trading is, many traders lost most of trading capital or got bankruptcies even before they can find best strategies.

Let's say, if you feel risky, don't trade and do an easier thing, investment and holding.

Risk management is very important in trading. It is also good to avoid overtrading because trading is motivating when a trader is making money from it but later overtrading can let the day end bad for him.

To enjoy trading, if you have like $250 to trade, do not go more than $25 to trade. It will be better if you make it less than $25bif possible. Another problem most people have is the high leverage they are using.

Another thing is that traders should not think they can make money daily from trading.

It is not clear to me that the strategy is a good one if most of them end up losing money. I do think a lot of it can be due to the other things you mention, like not managing funds or emotions, but then they are moving away from the strategy. For one thing or another I think that if you want to make money you better invest for the long term and if you want to make trades that are punctual in time. The more frequent the trades, the less likely you are to make money, either because of a bad strategy or because you mess up.


Have you changed your opinion since our bet, then?

There is no 100% winning strategy, and for this reason, traders have to engage in testing in order to find the most acceptable one for themselves. And if a trading strategy suits one, it does not mean that the other will be able to use it well, as it will also require skills.

As for buying a trading strategy for 3700 bucks, this is a big mistake that was obviously made by a novice.

This is actually what they are after when they learn that trading can make them earn money daily by being a day trader.  If they can't find their strategy to be profitable in spot, they be moving to futures because after all a tiny increment in price will be amplified with leverage which they could make $100 a day with their small capital. It ain't bad to find a strategy to make money but at least make it realistic.

Risk management is everyone needs to study. im doing it now.

What happens to most traders when they’re on the verge of trading is that they lack good risk management even though and they’ve a good trading strategy that can give them 60% chance of winning. As a trader, whatever your equity is, you should try as much as possible to divide it into 10 places; with your 60% winning rate, there is no reason why you can’t win at least 4 trades out of 10; lets make it the minimum in this case and with your good risk to reward ratio, even when you lose the remaining six trades, you’ll not still be in loss.

Traders are fond of changing big wins when their equity is still small, they increase leverage and lots sizes in order to have bigger wins while not obeying their risk management strategy, that is why even when they have good strategy, they don’t see the winnings coming. When you have a good management skills put in place, try as much as possible to obey it and not allow over ambition make you ruin your capital. Opportunities in the market are unending and you should strive to risk little at a time while aiming for profits no matter how little.

What I notice among most traders is that they always have impatience for things relating to money and such acts of this trader is a clear sign of greed, like the level of risk most people tend to take regarding most things is totally out of place and at the end they regret their actions. Imagine the waste of efforts and money. This is why it's best to stick to what you know and don't overdo things.

If beginner traders can put in a lot of time to study psychology then he wouldn't have such much problems in trading. You must learn how to deal with your emotions otherwise you cannot be a successful trader. One common mistake that most newbies make is that they get too ambitious at the beginning phases, most of them start chasing huge amounts of profit when they haven't properly developed their mind to a certain extent and they wonder why they keep blowing their trading account repteadly.

To even start with there's no strategy that gives a 100% out there so if anyone who sought a strategy or is building a strategy and expects a 100% from the strategy, getting one of such strategy is almost impossible because there's none that guarantees a 100%. A 60% can actually do a trader good if used properly than changing strategy frequently to get one that will give a 100%. If a trader has a very good psychology and a good risk management which can be called a strategy, they are good to go and will do better trading.

It is very complicated and it decides mainly with your beginning that includes how you manage your finance for having trading capital. More specifically, how did you get your trading capital, does it account for 100% of your capital.

The advice for traders is don't use all capital you have for trading and if you ignored this fundamental rule, you have a very bad start and it's unrealistic to think that you will have good trading journey later. During your trading adventure, there are other things for risk and capital management but let's say how you started is most vital because it can affect your psychology and trading decisions as well.

Buying a trading strategy for $3,700? That sound not make sense. How come someone spend much money for having the trading strategy? It is better he learn more about trading and start creating his own trading strategy.

It give him a chance to improve his skill in analyzing the market and create more strategies. He can also use that big money to start trading. Geez, that is not okay if you buy the strategy from others because you can do by yourself.

We must learn more about trading so we can have a better understanding about trading. You also need to have a good psychology, money management, self-control, trading skill and else so you can trade without a problem.

Let me be straight forward in answering this, no matter your trading strategy, as long as you are trading cryptocurrency you will defined lose at some point. There is no he'll way to predict the direction bitcoin and other cryptocurrencies assets goes per time, so that make their predictions hard and impossible to speculate.


So most time, no matter the level of the accuracy of your strategy, you will still have to rely heavily on luck to be able to pick the right trading piar at the right time to make profits.

Really, someone can buy a trading strategy with such an amount? Then it would be a waste of money. Everywhere – if you look for shortcuts, then you have to lose. A trading strategy should be made by yourself from your experience. From our own place, we have the best strategy. Because my strategy is best for me and your strategy is best for you. Someone else's strategy won't work for me since I have my own thoughts for trading. We have to take decisions in real time on the trading, so others' strategies won't fit for me.

To be honest, there is no alternative without making your own strategy to become a winner from trading. For that you have to spend a lot of time; you have to lose as well due to the learning purpose. Day by day you have to improve yourself in that field. It's not too easy to get profits from the trading. Someone has to lose, and someone wins. So make your own plan and strategy instead of buying it.

Did that person hypnotically buy the strategy for $3700? It's like he's convinced that there's a trading strategy that's 1000% accurate... even though we know there's no such thing.

But maybe that person is greedy for buying a trading strategy that doesn't make sense, maybe he thinks he will get a big profit because it's an expensive strategy...even though the reality is losing.

And right like you said, the most important thing in trading is risk management, if you can't manage this then trading is like gambling because it's too blind.
Because I myself have seen a friend who lost a lot of money in futures trading tens of thousands of dollars because he did not do risk management.

It's sad that there are people thinking that they can learn trading easily by availing these courses. I am not against to this but the most that I am seeing right now is that this gives the idea to the other traders to just sell out their courses and not do trading at all because this is how they make more money.

I agree, there is no 100% accuracy in trading. Any strategy that you're going to come up with, you're not guaranteed that you'll not lose. All of them have it in accordance of losing and that's why if the accuracy rate is higher in winning, that's so much better. As long as you're in profit, you're good and can cut loss when necessary.

Did you know that all strategies are definitely bound to work, it’s just that you have to choose the best strategy that will perfectly suit for you. All strategies are actually good, it only matters how these traders apply these strategies into their own trades, that’s why the outcomes are different. Some are used in a positive way, while those who turn into losses are most likely used in a wrong way.

First and foremost, you cannot go into trading without using a strategy. So it’s good to say that all strategies are made to make it work and help us succeed in the end. However, we need a well-defined trading strategy that will help us to stay disciplined, execute proper risk-management, and have a successful trading career in the long run. Otherwise, if we only rely on random strategies that are available, we may not see those best results we want to achieve when we are trading.

Then, upon buying that strategy, he/she already lose the initial amount plus an additional loss from trading, and it feels like hitting a double-edged sword.  Not all effective trading strategies will succeed, and any trading strategy will experience losing trades at some point.  This is due to the fact that markets are influenced by countless unpredictable factors, such as news or events that could lead in various directions.

Therefore, it's ineffective if you rely solely on one strategy.

There is no strategy that guarantees traders consistent profits in the long term, all of these strategies are just tools to increase the chances of making a profit. The most reliable simple strategy is to buy when the price is down and sell when the market recovers, if it does not recover and goes down deeper, then use DCA and accumulate. Profit cannot always be taken in a day, sometimes it takes a few days to get it, it must be done patiently and not in a hurry.

So far I don't rely on other people's strategies to apply in trading, I will rely on myself and practice it. It doesn't matter if I have to make some adjustments when the market is not going my way, I have a plan ready in the beginning and usually it can really help. Other people's strategies can change our trading style, so it is possible to mess everything up and actually lose because of it.

Reality is, strategy alone cannot guarantee all time profitability, no matter how good or reliable it is. We need more than that. While traders seem confident whenever they land into a good strategy, but if they don’t have the required knowledge and real-life experiences in trading, they will never be successful traders in the long run. Positive attitudes also count. If you are not well-disciplined and patient, you will only mess up with your trades and lose your capital in trading.

Many are chasing certainty. It does not exist in trading. Many are running after big money that comes constantly. That is not at all possible in trading. No trader is always right. Even the best traders out there are not winning all the time. If they want to be Nostradamus, they should get out of trading. They won't be effective there.

I think many have fallen victims to the sweet talks of self-proclaimed master traders who are selling expensive strategies, subscriptions, bots, etc. If they're truly successful traders they should not be selling fake products.

The idea that is a strategy better than your own strategy is what has made many traders keep chasing after new strategies even some going as far as paying for it. All strategies are effective depending on your knowledge of it, because the strategy that you think is not working is what a trader somewhere is applying to that trade and getting results. If you are introduced to a certain strategy, I think it is very important that you try your best to gain complete mastery of it because then and then only can you actually benefit and profit from it.

If a strategy you have suddenly starts becoming ineffective in the market before you consider changing to a new strategy it is important you try to find out the problem with your strategy and why it is failings to see if corrections can be made, or an entire change is needed.

Trading has the most basic rules and those rules are - buy low, sell high. If you do not trade with speculative altcoins and have a good patience, you'll succeed in Bitcoin trading. I don't know what kind of strategy someone can build besides what I said because I don't believe in predicting the future according to charts because you never know what's going to happen with Bitcoin and every time I followed charts, I went in the wrong direction. Trading charts are only good indicators when you see monthly charts instead of daily charts. Btw by sticking buy low and sell high strategy, in Bitcoin trading everyone will succeed because I have one basic rule, Bitcoin is always going to reach and surpass its all time high price.

I don't see greed here, but gullibility and inexperience.

Many factor contributes to the failure of tradera, and this is possible even if they use the trading strategy with 90% winning.

Losing by using a strategy doesn't mean the strategy is a failure in most cases, the management and psychology of the trader may go wrong. And in my long years of trading, I've not seen any inbuilt indicators and strategies that will make you win 50%, they are all above that if the trader develops a good pattern of trading and use the right money/and risk management to cover-up for its inadequacies amidst a balanced psychology of trading.

This thing is not hidden, and he doesn't have to do a personal conviction, but the usual holy grail capability they preach on their website. I've even read that some people bought the strategy worth $5,000. I believe it's those rich people buying that.

You are right, mate. Last year, I was trading with just a common strategy (support and resistance) and I was winning my trades quite often but I became greedy and it cost me all my money, I tried again and same thing happened, I thought it was the strategy I was using so I switched to another strategy (supply and demand) but yet the strategy was not also giving successful trade all the time. During that last year, I tried three different strategy which was very perfect but I was the reason why I kept blowing my account.

There's no strategy that works 100% because the market movement can be too volatile sometimes and will not respect any strategy at that point. Those that spend huge amount to buy strategy, I wonder why they do that when the strategy can not still produce a positive result all the time.

What kind of strategy caused that much damage in a wallet, and is it a failure? Can you provide who did that, and maybe I could check and learn why it didn't work? I guess this strategy might be specific to a particular type of market, where there is the bull market and the bearish market.

A strategy is very good when it is adaptable, and I think the best thing is to be consistent as well. We all should know that trading is also a probability, and you could still lose just because the market is unpredictable. We are just increasing our chances with technical analysis.

I think he knows some people that are trading and also following the statistical report of traders that are winning and losing which are approximately 15:85 according to many researches about trading. That makes it a good question but not about just a single trader but about traders generally because many of them learn about trading, technical and fundamental analyses but losing. Traders have different strategies.

From my personal understanding, since we are trading in an unpredictable market, no matter how strategic our strategies are, losses are still uncontrollable. Though it can be limited, but we can’t stop those losses completely. So the key here is not really to avoid those losses, but to embrace them instead as they are actually part in trading. Just learn to minimize them and maximize the returns after a trade is completed.

Someone who would pay $3,700 to buy a trading strategy is among those who would pay someone to join their signal group to get trading signals. These are all just a waste of money when a person can do trading successfully without doing any of these things but it's all about understanding.

It also depends on how much confidence one has in themselves and their mental abilities because if you believe that you can do something, you will do it no matter how difficult it is because you will focus and learn everything that's necessary for you to succeed in that thing, but if you believe you can't do it without support, it means you are not confident and then you won't be able to do it for sure.

People who spend so much money on these things can add that money into their trading capital and make more money once they learn trading, and one doesn't need signals or a bought strategy to become profitable in trading but one needs knowledge about the market and trading practices to gain success in this field, a strategy comes later, knowledge about the market and trading itself comes first. People often mess up the ordering of these things.

That is true, it's greed. They will never be content with their strategies, especially if the strategy is simple. They might believe that those complex ones that will complicate trading for them are better, not knowing that the right use of the simple ones is even the best.

As you said, no strategy can guarantee success, not even the buy low and sell high strategy you advised. Many have witnessed the buying of the low that the market just started selling at that time. The same has happened countless times when the trader sells at a higher price. This is why I advise traders to shift their focus entirely from the strategy to help them enter the market, but rather focus more on the psychology and managerial aspects of trading.

In addition, the right entry and exit are crucial to the success of your strategy, and it's where some traders are even more guilty, not their trading strategy's fault.

It's due to lack of self confidence  :(

Some traders are even more expert than those whom they get the strategy from but they have lost self confidence to trust their own strategy. I experienced same thing with gambling those days where we get games from others thinking they're better than us. We went as far as paying for games but still ended up losing before we realised they were not in any way better than us. When we play by ourselves, we win some and lose same. The same thing is applicable to trading here. Of course, there are people who are naturally better than us in this field but we must note that they're not absolutely wizard and their strategy can still fail us.

It is not easy to make it in trading without a good strategy, and that is the reason why some traders are always looking for any way to get a good trading strategy so it can ease their way of making profits. It is also among the reasons why some of these traders don't care how much they have to spend to get a good strategy. It is known that a strategy can't give a 100% way to make profits from trading, but I can say that with a good strategy, a trader always has a high chance of making profits. In fact, most of these big traders who always trade with large amounts of funds always have good strategies, and some of them even buy them. Even a trader who went ahead to buy a strategy for $3,700 may not be an inexperienced trader. And even if it’s an inexperienced trader, they may have a good reason for buying the strategy with that kind of money. But the worst thing that can happen is that they buy the strategy and lose. It’s really bad. The money spent to buy the strategy for $3,700 may not be the problem, but the amount they may lose in trading by using the strategy is the real issue. Because the person who can afford to buy a trading strategy for $3,700, only God knows how much it might lose.

Do people pay for strategy? All I know that people pay for is trading signals, and I don’t really know people do go to the length of paying for trading strategy. If you know you can’t take your time to learn how to trade, then why going into trading? Take your time to learn how to trade, and discover the best trading strategy that works for them, instead of going around and be looking for signals, or buying other people’s strategies that might not work for them.

We should know that other people’s strategy might not really work for us, if you really want to make money from trading, and you don’t want to learn to do your analysis yourself, then you are not ready to make money from trading, you are definitely going to be losing, because most of this signal providers are fake, and other people’s trading strategy won’t really work for you.

Yeah I could agree with you that this attitude could be attributed to a lack of confidence on the part of the trader hence their dependence on paid trading signals and strategies. Limited trading knowledge could  be an issue too but that doesn't mean that one can't develop the trading skills if they dedicate time with the right tools in learning.

Consequently, a lot of those that sells out these signals don't even use it, they're rather feeding off from the money people pay for the signals and strategies they selling.

Those who opt to pay someone for that strategy are those who want to earn profits fast. Because they thought, the strategy will also work on their end. However, it doesn't work all the time as each project is different from one another. You need to have a good grasp to understand what's happening with the coin. So you won't be executing your trade blindly.
It is still best to learn the ins and outs of trading on your own. It will be your skill that no one can remove from you. Because once you acquired such skill or knowledge, it will be like lifetime that you can use it to your advantage. Now, if you will rely on a third party trader, you will find yourself relying on him every time you want to execute a trade. You feel, you just can't do the trading without him. So much better to start early on your own, rather than be dependent on others all the time.

I can promise you that not everyone has a good strategy. So it is clear that paying for anything like that would make sense, you shouldn't do it. So you are right, if you have a strategy that makes you money, no matter how little, keep it and keep going. Because if you end up making money with what you have, you won't need anything else and you are going to do a good job. If you keep trying to find something bigger and better then you are going to end up losing more often than win.

Because remember, if you are searching for a better strategy, it will be mostly worse strategy that you will lose money on, until you find a good one. You can't just have a good strategy, and keep finding better and better and better, you will end up losing mostly until you find a better one, and that means you are going to lose money. If you have one decent strategy, keep at it.

That could be argued though. Let's start by you giving me an example of a bad trading strategy that people use. Don't forget, we need to establish the difference between having a bad strategy and using the strategy badly. For me, I've not seen a bad trading strategy, but I've seen countless traders using their strategies wrongly.

You are right! Additionally, they buy it possibly because they do not have the time to go through the proper channel of gaining more experience to build their strategy. Many also do not have that creativity, and they never believed in themselves.

Better to work out yourself than to try to make profit fast and especially by buying strats from other people.. It usually doesn't end well..

Why did you decide that you need to buy a strategy? This is of course the same deception as buying trading signals in groups, or buying trading courses from some unknown masters gurus. Strategy is something that you must develop yourself, based on your knowledge and your experience. Many strategies are available in books without any payments, you just take, test and see what works for you.

Maybe you will take several strategies and make one that will work for you, or not, it also depends on how good a trader you are. The strategy itself cannot guarantee you success, everything will ultimately come down to you, because it is you who decides when to open and close a deal. That is, you will be the most important human factor in this strategy, which will determine success.

Perhaps you should read the post very well, I never said I bought the expensive trading strategy, it was someone else who bought that. I know better than that, and I've never paid a dime to learn how to trade. This is the smart move for those people who believe in creativity rather than gullibility.

This is stupidity, how can he not use his logic properly instead of buying a trading strategy it is better to use the money as capital, that is quite a good amount for a beginner, and I think the ones who get trapped by buying a trading strategy are beginners.


There is no trading strategy that will be perfect, there is always room for traders to lose, and agre that a 60% win rate is good enough, but unfortunately traders often feel dissatisfied with their profits, so they get caught up in many scam things in trading, including buying trading strategies.

Your personality reflects in your trading lifestyle that's why the strategy the trader bought failed him, the strategy might require a deciplined minded person, patient and risk management approach to work but the trader isn't that kind of person, he thinks since this strategy is working for the person he bought the strategy from, it also will work for him and without understanding or knowing what principles are behind the successful using of that very strategy.

I agree with what you said, we will never get success by using different strategies at every moment, use only one strategy that we think is profitable, backtest continuously to increase the win rate to be higher, and gain experience from every mistake made, because experience cannot be bought, we will only get it when dealing directly with the market.

Trading psychology and money management are indeed that important, the main goal is to get used to the market, understand when the market moves uptrend, downtrend or sideaways, we know what to do, and with good money management we can minimize risk and have a greater chance of maximizing profits.

Strategies, if used in a positive and its best way, can maximize its huge potentials. So it’s not surprising to see a lot of traders are actually owning good strategies as they really put their efforts to work on it.

However, success in trading is not only limited to strategies alone. Positive attitudes along with patience and positive outlook in the market can go a long way with trading. Some only use average strategies, but their positive attitudes and positive mindset help them overcome the high risk in trading, which lead them to achieve their trading success in the long run.

Anybody can have a good trading strategy. What every trader need is a good AND working strategy. Traders need a strategy that works for them depending on how they're trading. Of course, different traders have different strategy. There are some that are using trendlines, there are some that are using moving averages and many more.

Speaking of winning, I've seen a post on Facebook days ago where his win rate is only around 33%. Sounds low right? But if you will look at his risk to reward ratio, it is around 1:4 RR so in short, in his 4 trades, he can afford to lose 2-3 on those trades and still end up making profit. There are some who have different Risk-to-Reward Ratio, but at the end of the day, what matters is we are making money.

Psychology, and Risk Management. 2 of the things that every trader must have, but in reality, it's hard to apply it especially if you're a newbie. Even I have some problems in the psychology part because there are times where I'm very impatient with my trades, but slowly, I'm learning from it.

Not really short and simple @Earnonvictor ;)

I'm going to start advicing people giving out advice now because I think we all really need to start speaking truths on this trading section.

You come up with a great idea? Great advice? No need to start a new thread UNLESS you actually have some record or history of proof to show what you implemented had actual results.

I'm also shocked you have a friend who has $3700 to burn. You must have rich but stupid friends :P

Buying other people's trading strategy will not always work so that will not recommend. It is better they learn how to make their own strategy so they can develop their skill to be better. They don't have to buy the trading strategy because they can analyze the market.

It will be better if they can have their own strategy to trade because they will learn many things related to trading. You should suggest your friend not doing that because that is just waste your friend's money. But it seem, you have a rich friend so he decide to buy the strategy.

But if your friend can learn how to analyze and you also teach him, he will see that he doesn't need to use other people strategy. He can make his own trading strategy anytime without paying to anyone.

It’s not the strategy that makes a trader — it’s the ability to use it effectively. Every trader has their own fit, though a few core strategies are commonly used. What matters is finding the one that suits you and working to improve within it, maybe even adapting it to your personality and finances. But hoping there's a strategy out there that guarantees 100% profit... I’m afraid that doesn’t exist — though I wouldn’t mind knowing about it if it did

People just wanted up on the shortcut way and thats why they would be that trying out to purchase some strategies or following up some gurus on telling them on what they should gonna do or the strategies that actually its been that recycled and put up a new name to make it look unique but actually all of those strategies being sold are actually can be seen online for completely free. It is really just that people are just that too lazy enough on trying out to search up on things and since they do have some money into their pockets then they would really be that eventually going for the simplier side on which they wont be putting up any effort on trying to look up on things as long they can be able to purchase and believe that it could help them out then they would actually be doing it. It all matters about using up your own sense because usually people do made out some learnings when they do face up some unfortunate conditions before they can make out some realizations on which they can actually be able to avoid it out early if they are just sensible.

There are tons of strategies out there and it will be that up to you on how you would be that applying it those into your trading. The key on here is that you do really know on how to make use of those strategies and come to think that there's no such thing about 100% precise strategy on which just like on what you've said that strategies are just that being used on how you do apply it out towards market movement but the rest of factors on which could also affect out trading results will be your psychology and same goes with risks management on which it will be that very important to consider.

It seems someone just woke up on the wrong side of the bed or is intoxicated by something--who cares!

Perhaps the market has taught you the hardest lesson of your life...hahaha. Haven't you read the warning about not investing the amount you can't afford to lose? The ignorance of that lesson must be so bitter for you to have believed everyone is a loser like you, to have warranted your 100% pessimism, which is a big shame.

If you must know, trading sorts a substantial amount of my bills despite taking it easy. If I'd thought cowardly like you in over 10 years of failing, I wouldn't have achieved this.

Oh my God, this is several times more than my entire trading capital. :o

For me, I wouldn't spend a penny buying a trading strategy because it's a waste of money. If a trader doesn't possess the qualities that make them a successful trader, no strategy, whether paid or free, will work for them.

After years of trading experience, I've learned to build my own flexible strategy and adjust it according to market changes.

Cultivating a trader's personal qualities is also extremely important.

Lol yeah, no I do read the trading sub here a lot (used to also trade) but I think there's less and less interesting or helpful things, especially because of my experience, I really want traders or newbies to understand how shitty it is for them. Advice always suggests to them that they can profit and they can do well.

But without hard proof, hard evidence. Traders can only guess. If we all make a big effort to actually when giving strategies, to also provide backup, we can change the way we 'teach' people.

I don't believe everyone is a loser like me, I know for a fact most people (reading this forum) are.

Guys like you claim a lot, but show nothing... what you do show is you are still earning small money on sig camp like me. What is the conclusion of this? The forum is full of optimism, nobody wants to say the truths.

No hard feelings, change my mind with hard proof.

Of course, your tone was caused by your experience, especially how people sell/share too-good-to-be-true products and services online, and some would encourage others just to have more views on their channels. Regardless, trading success is real for some. I opened this thread based on my experience with people's wrong mindset about trading, their overdependence on strategies rather than working on and complementing it with the right psychology and management. I tell you, this is a serious problem than people think.

Asking for proof means you are not deeply rooted in trading. Traders can give you many proofs and still fail, we see that daily. What you need is to train with that advice and see if it truly works. So long is free, why not? You can also start with as little as $10 or less to try it out. That's why we have cent accounts with brokers. But first, you learn about the subject matter so as to apply it rightly.

Trust but verify. Its just we're in crypto. If a man claims he is satoshi, he signs an address. If a man claims he has found a way to crack BTC he must show proof.

If a gambler in subs says he makes profit daily from a system. Proof.

If a trader says he makes profit from a strategy. Proof.

Like you said, we see it daily. They actually end up providing proof to themselves their strategies will sooner or later fail.

My point is, we all sell success as something as easy as 'follow this strategy'. But we don't tell the truth in that you most likely will fail, because almost all of us are not equipped. Knowledge is easy to learn. Discipline and bad behaviour on your part, psychology etc is not at all easy to stick to. If I save even 1 guy from not trading by reminding them of this truth, I feel I did my part.

Good luck, hope you keep profiting as you say :)

It's can be confusing at the end of the day that traders with a well mapped out strategy eventually fails and fall out because of bad risks control.According to feedbacks and reviews gotten from consistent traders, every trader must have a strategy,but the said strategy can't work if the trader doesn't follow up with harder discipline.Generally,good traders and strategies cannot really progress far while using impatience as it only ruins the success of the strategy.

Proof, proof, proof, no one is proofing anything to you here, for what? This is by choice. But it only means you cannot go far in trading. It's your choice, but when someone is advising you on trading without asking you to bring anything or even tell you to use a certain indicator or strategy, you should at least try it. Virtual accounts are there, it's part of the training. Failing is still not a failure until you stop trying, and as you are now, it's clear you've accepted a defeat...Good luck on that.

People buy course for that amount because they think that the people selling the course will actually put their real strategy in the course forgetting that most people would not give your their secret but will keep giving you hope that if you follow their guidance that you will become successful as them but in reality, they either do not have any strategy to sell or what they will be telling you is something that you already know. People are just hopeless and if you check out those buying this course, alot of them, this is not the first course that they have bought on trading. Most traders do not have a good trading strategy but what they are doing is just copying strategy that they think are the best but they are not. Alot of people are getting deceived regularly because of this trading strategy.

Wow, amazing. So have you tried out every single strategy people are advising on this forum (especially the ones people just open threads about, with no evidence whatsoever that they actually were successful with that trade or strategy).

If you have, well done, you would make a great person to join all the spam groups who used to message me daily to give me great advice about trading success.

Go on and open more threads about strategies without actual evidence you do what you say. Who needs proof, as you say. Just post and say you're successful and trading keeps you comfortable, the way you're telling me. But when you have time, find the threads where people actually show charts and trading examples with their advice. Maybe you'll understand that's better than random word vomit of 'hey do this, this makes you a good trader'.

I definitely accepted my defeat long ago. I'm here to prevent others from falling for this kind of false reflections of trading. Good luck to you too. No hard feelings like I said, it's nice to banter in Trading at least finally someone responded. Most people post advice and disappear. Seriously, from bottom of my heart, good luck :)

I talked generally about trading strategies, based on my vast experience with them and people, especially the losers. If you have any indicator/strategy in mind, let me evaluate it for you. I don't think there's any of them that I don't know, or haven't trained with, unless it's a custom one. And guess what? They all use the same principle. They only use codes to make it look different (custom) so that they can sell it to people. That's why I am sure they are not bad if the trader trains correctly with them, builds a good trading system and plans with them, which entails the proper money/risk management. And the trader's psychology must be balanced, with a determined mind.

Hahaha...I envy your discouragement, I love that. Good luck once again, and like I tell people (to dissuade them from trading at times): You made the right decision. Never you go back to it, please, it is dangerous!

You either lead the way or follow the rest.

The ocean (market) still does what it wants ;)

That is the trick for the influencers or strategy sellers. You can do it yourself, it doesn't require much talent, and doesn't even require months and years of training neither. You can do it yourself and all you have to do is just make sure that you are doing a good job with the studying so you know what you are doing when you are building one.

I am sure that you have some good ones and know them all, because you have been here long enough, us people who have been here long enough, have seen it all, and even tested most of them. I personally feel like I have done so many testing that I could be used as data for some AI lol. If anyone really wants to buy some strategy, they should instead use that money for capital instead and build their own.

Having a good trading strategy cannot be overemphasized but what most people don't say is that it's very difficult to build a strategy. You must learn not to rush the process, trading isn't a ponzi scheme, you can't make quick money from it. Some traders go through multiple succession of failures to come up with a Trading strategy. Take note that this isn't a function of luck but It's a reflection of your inputed efforts.

A 60% is an exceptional trading strategy provided the risk to reward ration is atleast 1:3. What you need as a trader is a trading strategy that is at least 50% win rate for a 1:3 risk to reward to see your equity curve move exponentially. One important thing about trading is also the fact that trading is mostly psychology and little of strategy because most of the strategies work but their application is what makes the difference. Armed with sound trading psychology and a good trading strategy,  a trader is bound to succeed.

I think the profitability is what you are mistaken for building trading strategies, they are two different contexts, my friend.

You only complicate things with what I deduced from you. First, a trading strategy is easy to get, it now depends on how they train with it. So it is their fault if they don't get it on time. Is it trendline, Price action, Fibonacci, and many other trading indicators and strategies? They are all there even before the traders were born, so why is it not easy to get?

However, it is not an automatic ticket to success, which is what you are misrepresenting.

Trading is for all but it's not everyone that will be a good trader. Some people believe that they can be good traders but they fail to give their time in knowing which strategy will work for them. My trading strategy might work for me but wouldn't work for you and that's why I am not surprised at the loss of the guy who bought that trading strategy. If trading isn't working for you just quit, it's not a do or die thing.

That only proves that trading isn’t the thing for all. While everyone can try it, but only those who have sufficient knowledge, enhanced skills and strategies who will survive in the end.

Also, sometimes there are those traders who have good working strategies but then they started to lose, they easily lose their patience and quit trading after. Not knowing that trading requires a lot of patience more than knowledge and skills in order to successfully trade in the long run.

Reading what you wrote, I suppose you wanted to say that: trading is open for all, but it is not meant for all.

I guess that reconstructed sentence is a better fit for the situation. We are different individuals, and the earlier we know and admit it, the better for us. Some people are built for this kind of risk and expertise, but many would faint even without taking their time to learning more, not to mention give their best.

A lot of people don't only chase better strategies but bigger gains as well, like they wouldn't trade BTC, they would choose alt coin because they offer higher % gains, however they dump most of the times, but they try to ignore this fact.
90% indeed have no strategy and no plan. Which is why they stick to their trades, they either don't take profits or don't close the trades to brag about it and it always ends up in losses.
Like people bought doge coin made millions and never sold, they chased money, made money and still did not realized the profits because took it too easy but they only got lucky, and this state of mind can pursue you for the next few years trying to make that big shot again and fix everything but things just go worse from that point on.

In the process of trading, a trader has been tested a huge number of different trading strategies, from which the trader chooses several suitable ones. BH what is suitable for one trader does not mean that this trading strategy is suitable for another trader.

Going by your explanation, I disagree that 90% of traders do not have a trading strategy, they do, it's either that they are not satisfied with their trading results, or are so greedy, or are not observing the right money/risk management and/or have psychological issues with trading. I continue to challenge traders to work more on their strategies' accuracy (in percentage) to ascertain their capacity for better planning. If that strategy can boast of at least 50% winning, then they can still be successful with the right psychology if at least a 1:2 risk-to-reward ratio is used to help the shortcomings of the strategy.

Paying for course strategies on trading and relying on signal groups solely for your trading cannot make you a good trader. These so called professional traders that dishes out courses will not reveal their main secrets to being successful traders, after learning from them you still need to figure out how to be a profitable trader. I agree that you need to be in the right frame of mind and understand bankroll management to actually succeed in trading. You need to master patience and learn how to use small amounts to enter trades to minimize huge loses, if you understand the technicalities and fundamental analysis but without the right attitude and money management you might not be a successful trader.

It's funny how the "snake oil salesmen" never run out of buyers. There will always be people buying online courses, which promise them "the ultimate strategy" to become rich fast and with a few clicks. Why would someone buy a "trading strategy"? All trading strategies can be learned for free.
I don't believe that most traders are following a good strategy. If this was true, the amount of traders making consistent money on the markets would have been way higher than 15%. I have the feeling that at least 80% of the traders on the market don't know what they are doing or they are just simply failing at timing the market.

This is correct to some degree because I do know that there are good trading strategies that when applied correctly by different people will likely produce the same result. The only challenge is in the application because not every one will be disciplined or patient to wait for all the entry signals to align before pulling the trigger, maybe this is where the personality of the trader is checked and what makes it appear like the strategy is suitable for one person and not suitable for the other. But the important thing to note is that without the discipline to wait, it is very difficult to make progress in trading because there is a saying that "waiting itself is a trading strategy".

I just want to ask you, don't take it personally, are these things you mentioned also applicable to yourself as a trader in this field of cryptocurrency business?
Because to be honest, these things you mentioned are actually quite good in this regard.

It's not really necessary for us to give 100% to the strategy, and the rest of what you said I also agree with, and I see that it will also be helpful to most of the crypto traders
that we have here in the crypto space.

People don't believe in themselves enough to trust in their own strategies and predictions. I've never heard of buying a trading strategy, but I see it a lot in gambling. I agree with what you said; people believe "professionals" more than themselves, but they should be able to know that things don't work like that, especially in gambling.

A strategy needs a lot of factors to work, so just taking the strategy and those factors are not constant, then it's useless. If a strategy is that good, why would a person need to sell it to get money? He can simply use them and make thousands of dollars daily.

The truth is I started trading long years before the crypto era, and to be honest, I trade more of FX, Gold, Oil, Stocks, and Indices than crypto. But of course, I trade Bitcoin and Ethereum as my preferred crypto when I choose to, and I tell you, all markets work the same way, just study their varying conditions at the time and know their drivers, that's it.

That said. Despite my prowess in trading analysis, with much over 85% winning accuracy, I still lose my account( though I have an overall winning record in recent years). I discovered that my issue was not my trading strategy but my inability to stick to my plan of risk management. And for this to happen, discipline and determination must be enforced (psychology). This brought about this thread since it has helped me better since then.

Every strategy must be tested and if they should pass the test that is when we should conclude that ii is a absolute strategy. If it were not a personal thing I would call anyone who calls a strategy absolute as a scammer.

If it works for you continue to use it. Discard it if it doesn't.

Next an strategy must have a back up to it our claims. That is how you intend to manage it when it doesn't work as it should. You needed both of them and even the later more because there is surely got be situations where you have to manage it.

Not all the traders has a good foundation talk more of having a good strategy to trade, can't you countless numbers of people that complain almost every day about losing in the trading, I know quite well that most of the people who trade most of them did not practice the learning of trading from the basic foundation, and that is why a lot of them always complain of losses in trading, for me trading requires more time and attention to know the problem you may encounter on the process of trading, due to people doesn't want to calm down and learn trading before they establish on their own and that's why people keep losing in trading and also keep condemning trading

The traders' complaints and the inability of many of you to look beyond the trading strategy will prevent you from knowing the source of the issue. As I said, the problem of most traders is not trading strategy but their inability to manage their trading risks and their emotions properly (money/risk management and psychology). Let them change this orientation of wanting the best strategy, but work on the mentioned factors above and see how things change for them, at least improve for them.

For some people a strategy might be following a whole set of rules, as you already mentioned, risk management and a number of other principles that essentially form a strategy for each individual trader. When I started trading I didn't particularly focus on one specific strategy. I read different traders, watched and tried to understand how they trade. Everyone has their own approach, their own habits, but what I realized for myself is that it is important to create a list of rules that you will never break under any circumstances.
Not a huge list, up to 10 rules, but once you start sticking to it your trading results noticeably improve. So everyone looks for their own approach but I definitely would never buy any strategy for money.

To me, they all bounces back to discipline and whenever a trader is disciplined enough they can or could abide to some specific strategies to follow and it doesn't require much just as you said, 5-10 is okay for a smart trader who must make profits. Sometimes the amount isn't the basics things or becoming too smart is not the utmost thing but how long they could remain in trading count mostly that is why some many traders who claims to be Smart traders today are no place to be found in the market because they are being swiped away by the market volatility. Although some of them are solely interested in shitcoin which they thought it's the fastest way to make profits from the market without knowing that the market isn't for the weak minded. Realistically, basing on specific strategies and key into them helps alot and that would make them remain on track.

Your head is your fortress, so to speak - if it's not guarded properly, with a good strat or not, it's all going to crumble down too fast to even try it out properly..

This is not about the elaboration on the trading strategy, any trader can have as many as possible strategies, so long as it is working for them. But what I hinted is no need to be busy chasing an holy grail strategy (the best/100%), it's inexistence. So long as the one(s) you have are working to a reasonable extent, just focus on them.

Oh my God...Can you share these 10 rules with us?

I think that there is no necessity of having rules and sticking with them. Of course they are good but I have a different point, the huge mistake that people make during trading is that they think short-term, they do not think long-term, about the future. Even if you buy Bitcoin today at 110K USD and it goes down, that's okay, maybe it was your unlucky step but the next years are ahead, it will definitely rise the next time, that's almost like a guaranteed to happen because of so many factors like strategic reserve creation, halving, more adoption, more investment from companies like MicroStrategy and so on. Patience is the key, slow and steady wins the race.

Traders are losing but they would not admit that their strategy was wrong instead, they will say they had just few mistakes and the next time they trade, that they will win. After they trade again, they do not win but lose yet, they would not admit of not having the right strategy. Traders always think they have the best everything and refuse to learn from the real one making the profits. Most traders are terrible at learning, they do not upgrade anything that they have learnt so they keep using the old strategies that they knew when they started to trade. Those making profits are constantly improving on their trading skills and learning news things as well to keep to date with the market.

You can be able to tell into your mind on how the heck these people are thinking about on why they are that buying up some courses on which they do believe that this could be that something that could help them out completely on their trading or even believe that they could be rich once they do master out such strategy. Sooner or later on which they would be making out those realizations that it was never been that easy on ealing up with something which is that very volatile. We do know on how this market works and on how it moves on which this is that very unpredictable as we do all know. We do have commonly having that newbie mistakes when we are just that starting or knowing up something. We do have those kind of thinking that we can easily grasps it out not until we do able to experience those real things. Trading strategies are lots and also making use of it will be not always guarantee that it do works or to be precise. You might be able to see someone do make use of strategy that works but it doesnt mean that it would also work on you. Come to think that there would be tons of factors on which it will be affecting out your overall profitability on which this isnt only talking about market movement but also into those decisions that you do made out along the way.

It's true there's absolutely no certainity that trading or traders are always having the correct strategies for their trading businesses,most of these traders usually don't know how to speculate their ideas over getting safer or effective strategies and so they'll end up drifting away from a perfect strategy.

That is fallacy and they should know that. I know it's bad but it should not be this bad and they should be focusing on what to do and how to do better. What we need right now is that we are going to get a better result if we do the right thing and not get a bad result. If we know what we are doing then we are not going to get a bad result, and if we do lose then we should know what mistake we did and do a better job.

Most people do not do that last part, they get a better result and wait for a better result, but reality is, if you make a mistake, just focus on getting a better return and learn from your mistakes. This would allow you to learn more and more, and you will get a greater return eventually from all you learned.

You can imagine the high risk one is undergoing just for the sake of getting a win, why on earth do people like going above their limits and things they are not worth risks taking. Buying a strategy for such huge amount and at the end he lost it all oh what a waste indeed. Even with a good strategy one still don't get a win cause trading seems like gambling that tends to be unpredictable.

Well, let me just say this is pure gullibility, nothing more, but we can't 100% blame them.

First, those influencers and sellers have sugar-coated mouths, and of course, the person who would part ways with $3,700 for a mere trading strategy can't be poor. So the level of thought and how they view money is different. They might also be new to trading or want the premium best strategy, believing such would deliver it after the initial proofs shown and promises made by the sellers.

Of course, it will fail if the trading emotions and psychology aren't put together under control. Strategy isn't all there's to trading. There's a vital place for emotional control.

No strategy wins 100% all through the market conditions – uptrend, downtrend and ranging. If a strategy give anything above 70 across all three, that's a winner. Those who seek 100% are going to continue living in space.

In trading, a trader must have a good understanding of several things. Especially, it is necessary to acquire good skills in market analysis such as fundamental and technical aspects. When a trader acquires good skills in these subjects, he will also be able to create good strategies. Those who want to trade using other people's strategies without having won knowledge. Maybe sometimes that strategy works but not in all cases. If trading strategies worked that way, then those who are ‍selling those strategies would be using for themselves. They would never have tried to sell that trading strategy. No one can be sure in trading. As a trader, I think if someone have good trading knowledge and willing to take risk , then he can get comparatively good results. Trading without knowledge is compared to gambling.

in this case trading. it takes a long time to understand it and strategy is needed when starting trading and it is very difficult for someone who is good at telling about their strategy, but it is not that simple to achieve what you want only experience and long time that affect your success in trading. and that is the main reason that you cannot miss to live it.

They remain confident despite the losing situation. And even having this positivity of mind won't make us succeed, as the strategy really matters. Always saying they commit mistakes is useless if they don't correct them. A lot of traders are pretending they are okay and profiting, but deep inside, they are struggling hard to survive. I don't think this is a smart decision. Instead, we should not lie to ourselves. We also think that not all traders become successful. And I think we accept the reality that we might be one of those who fail.

This is the honest truth but many of us that are traders are not still aware of this or just trying to mix different strategies together whether it's going to be profitable. I don't blame many traders that are found of buying all these strategies that are being sold by popular traders with the hope that the strategy is going to make them money perhaps after studying and practicing for few weeks.

If you are found of buying strategies from big traders in the market for the seek of making more profits then you must be ready to keep buying more and complaining about their ineffectiveness. Every traders must be ready to learn how to trade the crypto market thoroughly without always depending on buying strategies to make money on the market.

this is so true. people undermine their ability and capacity due to lack of good observation, study and little little patience. Also, being politically current on crypto and the Bitcoin in particular with relation to altcoins. we learn by spending time to know and following those that understand the trade but building on our own perspectives and crypto insights.

buying strategies is also part of gambling and not trading. The guy that buys strategies is only aiming at making profits through investing his money but the guy that masters his trade; although he will make losses and learn how not to lose or how to reduce losses while increasing profits. It becomes his wealth of experience for trading and profiting. So the best strategy is to work on yourself and become an expert trader gradually but steadily

I think not so. It is not "the more frequent the trades, the less likely you are to make money" Reason been that a studious trader that have good observatory skills will make more money when he/she trades the more. Rather i will say that the more you trade the more likely you are going to learn the fundamentals of trading and learning from your mistakes ;which will in turn, reduce losses and increase profits. Thus, the narrative will be: the more you trade the more you learn how to reduce losses and make more money

You are right, @op. People keep changing strategies because they are trying by all means to avoid losses, which is quite impossible. Trading requires consistency in addition to the skills and knowledge already acquired. No matter how good a strategy may be, there will still be some bad days when losses are unavoidable.

For those who are still trying to find the best strategy to minimize their risks and maximise profits, they can start with a small capital. Then, over time, when they find what works for them, they can scale up.

Hahaha...you shocked me with this remark, but as funny as it is, it's not true, buying anything is a choice, and it may or may not work, it's not the first time, it's just trying to boost one's efforts. Trading is not an isolated situation, we all want the best tools to trade, but at the same time, we should not be gullible. If it were some people who knew trading well, they would have been more careful. Regardless, who can we blame 100% for this? No one!

We face challenges and lose a lot before we figure out the best strategy. But of course, this will never give us 100% confidence that we are safe. Losses are still inevitable in a volatile market. But at least we also have some profit assurance, especially when we are in perfect timing. It is different when you are gambling with empty knowledge, and it is different from just having a wild guess.

It's a good idea to just start with a small amount because you will only lose. We just increase it when we already have enough knowledge and a good strategy.

If you have a good trading strategy and you keep to it, you will win, reason why people fail is simply because, they can't keep to their strategy. However, some keep to their strategy but greed sometimes is found in their strategy. How? they want to get the whole money from one market entry and trading will always fail you if you try to get everything or all the money in one enter. Trading is structural, you need to milk the market gradually and not be greedy. So it is important to always review your strategy according to the time frame you want to trade, if you want to trade a lower time because of small capital, then your strategy must follow that order.

Should I say this is greed or what? Because I have never seen something like that before. Real traders don’t do that. This person doesn’t want to learn; he’s looking for a shortcut to earn money from trading, and that is why he feels buying a strategy to trade will make it easy for him. He forgets that regardless of which strategy a trader will decide to use, he or she must lose money. Moreover, even if the strategy is correct, he won’t make money from it. I don’t think he’s even emotionally prepared to trade since he’s scared of losing money.


Normally losing in trading is something a trader cannot avoid, and that is why it is advisable to use the amount you can afford to lose, although sometimes when a loss is too much, then that trader should work on his strategy. You can’t be losing all the time, but even with that, emotional maturity needs to be there and other skills that are needed in trading.

Blame this person less, my friend, it's not the first time people buy custom indicators and services. Some work, while others fail. And if it failed him, it doesn't mean that the strategy bought is totally useless, the buyer may not know how to use it correctly, or is not managing his account well, or he is emotional altogether.

And one thing about these expensive products is that they're targeted at a select few, the rich. It's not meant for regular people, and they don't mind selling only 50 pieces. So, consider the buyer rich, and I won't blame him for trying.

You wouldn’t be a reliable trader if you don’t have good trading strategy in the long run, as there’s no strategy that is made us to suffer from losses, but all trading strategies are created for us to be in profits. So it’s not surprising at all why most traders are bound to be in profits, simply because no strategy is set for bad outcomes.

Meanwhile, those who are using unreliable trading strategies are not actually real, potential traders. They’re just force to trade just to satisfy their greed for money.

I have learned everything in my life from mistakes and reality. The knowledge gained from reality has influenced my life more than the knowledge gained from textbooks. Whenever I try to take shortcuts to achieve something, I make the biggest mistakes of my life and fail. Even in trading, this was no exception. So I have given this board a lot of priority, especially in terms of gaining knowledge. What I have learned from here is that first we have to gain knowledge and then gradually apply it in practice as a learning time. In this case, making mistakes is very normal and this is the biggest acquired knowledge, which will play a special role in taking the next step to succeed. Thus, mistakes play a very important role in taking the right steps and give us a fair idea about financial management. Another thing is the most important thing and that is psychological knowledge and mental control which is very important for any work. I am sure that if someone controls their mindset and takes any action based on their own decisions based on the knowledge they have gained, then I don't think they will ever face any major disaster. And if they do not succeed, it will be a lesson for them that will be considered a apprenticeship premium.

In trading, a strategy requires constant adjustments because if more and more traders start using the same strategy, it will eventually stop being profitable. So, while the foundation for a successful strategy can be the same, the final result will always depend on the individual trader, since the strategy needs to be fine-tuned each time. There are strategies that demand quick reactions to market moves, but that’s more about day trading. In medium-term trading, the market can be a bit more forgiving, meaning it might allow for some mistakes. But one thing I know for sure is that not all traders using strategies will be successful, because that’s how the market works. If someone makes money, it means someone else is losing it, and traders using strategies lose money too.

A solid trading strategy is more about psychology and risk management than fancy indicators. You must control emotions and stick to your plan—without that, even the best strategy fails.

Thank you for this short but beauty piece, it has concisely buttress the whole point. If you read it through, you would still see some people who would argue against this as if no one can be successful in trading. Not knowing that it is the strategy most people are focusing on, but what about the money/risk management and the psychology that mostly plague traders? I have over 20 working strategy, yet I was falling, but when I changed the narrative, it has all been green, even in challenging times of losses, I still get back in the green with time.

Trade with good trading strategies and loose sometimes less could be normal outcome since the market can be uncertainty.
But their persistent of their looses being more than their wins wouldn't have them as good strategic traders anymore.
What also results to such traders loosing on the regular is greeds of ignoring feasible winning lines where there should be limitation of chasing more profits. So they fails along the line.

The outcome of every trade has more to do with our very self and very little to do with whatever type of strategy we apply to the trade, mindset is very important and plays a very strong role in determine what type of result we achieve in every of our activities.

Some or would I say most people hate to start small, the hate the process of learning and becoming perfect in something, they hate the stress, the time which they would rather choose to spend on things are doees not have long term profit, the determination and perseverance that goes with learning and getting perfect in something, most of us are like babies born today and wants to crawl, stand, walk and even run on the same day they were born, this is usually one of the reasons why many find success hard to achieve in most things that they do.

So I very much agree with you, becoming a good and profitable trader takes time and it involves building one's mindset, those who lack the patience and zeal to wait and build often times end up wasting money.

Most times changing trading strategies isn't what is required.the problem with a lot of traders is impatience, just because something fails doesn't mean that it's not going to work, no strategy is perfect, they all have flops bit it's left for you to see what you can add to make sure that you don't keep up making the same mistakes over an over. Again. The most important thing to work on is emotional maturity

Or better say they can argue as if others who has a different approach can't be successful anymore. It is possible to be successful in trading and those who argue are likely one of it already. But when it comes to strategy, I can say that the more the merrier. It is just that I won't rush things if that makes me uncomfortable or can affect my performance.

We don't need to join the majority just because that is trendy because not all that we see are working for real or not all of it are applicable to us. Sometimes they are only doing that to hide the real truth and they are only the ones that can benefit the most. But anyway, that's great to hear mate that you are now doing well :).

If most traders have a good trading strategy, and yet they still lose money, how is it considered a good trading strategy? Which standards apply and who is deciding on what constitutes a good trading strategy? I mean if you have to buy a trading strategy for almost 4k USD, it is probably a scam and/or a bad strategy. Why would anyone sell a good strategy if they can simply use it themselves to trade and make consistent profits? Makes no sense, does it?

Many traders think it is easy to make money from trading, which causes the behavior of novice traders who are impatient with the strategy applied.
Actually, it is a natural thing for beginners to change their trading strategy. Because at times like that, they are actually looking for the right strategy for them to use. What is an obstacle is the level of patience and understanding of the trader. If they are too impatient to make a profit, they are actually not ready to trade.

Yes, maybe we can understand the meaning of the common crypto trading strategy that is commonly carried out by users, especially those who trade such as: swing trading, scalping, margin, futures or buy and hold, But we also need to be understood wisely Crypto trading cannot be separated from how to manage risk, wrong calculations can be high risk.

For me, whatever the existing strategy and applied in Crypto trade, don't forget to always do research or consider risks before doing trading activities, we will never know what will happen in the future.