My Trading Strategy

[Raymond Gary]

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.

[Ararbermas]

True you can gain confidence if you always backtesting because on that way you can see which strategy and what pattern always exist in the history of the market and definitely after that you can build your own system as well,  it just required patience and a lot efforts.

Actually most successful traders that i know even they're good already but still they keep back testing after trading, wherein just to see which strategy still accurate and whats their mistakes as well so that they can avoid it in their next day of trading.

[livingfree]

Well said.

There's no perfect strategy but there will be a working strategy for you. Just as you test them out, you'll see if it fits you.

You have to make the strategy of what's really working for you.

Actually most successful traders that i know even they're good already but still they keep back testing after trading, wherein just to see which strategy still accurate and whats their mistakes as well so that they can avoid it in their next day of trading.

That's essential for them as said, there could be some inaccuracy as they apply it so it's normal for them to test it even if they're already experienced and successful.

[crwth]

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.

[Raymond Gary]

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.

The leverage system cited was for example , so I have used this strategy for both spot and leverage trading too.
Remember that before someone could start leverage trading I believe he or she might have had enough of training and trading experience and should know it involves a tradable balance.
  Secondly to have lose a trade is normal.

[Eatfaster]

The history is surprisingly similar, but the results are different every time. Just like the strength of this rebound does not feel like a strong rebound after the decline in the past few months, the strategy must also start to change.

[Mart1ncrypto]

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?

[wxa7115]

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.

Without a doubt backtesting your strategy is key if you want to know if there is any chance for it to be successful, but you need to be careful as there are two mistakes that are incredibly common when backtesting a strategy, and those are overfitting and the look ahead bias.

It is very easy to make the former mistake as in our desire to improve our system we have the tendency to move the parameters of our indicators so it produces the best profits with the smaller amount of risks, however you are only fitting your strategy against the data, and when trading against the live markets it will fail.

And the look ahead bias can be even more difficult to eradicate, since you are using historical data this means that you already know what will happen before anything happens, so it is easy to tweak the system to anticipate those conditions and avoid making a big mistake or make a killing with a perfectly timed trade, something that will be impossible to do when you are trading the live markets.

[Scripture]

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?

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.

[sou-kou]

No one can accurately predict short-term ups and downs. The key is to know the possible probabilities of various trends and the corresponding countermeasures, so that you can make more money when you are right and lose less when you are wrong.

[Zilon]

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

[frank07a]

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?

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.

I buy cryptocurrency every month and plan to keep it until 2030. Can this be called a strategy?)

[Raymond Gary]

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

On point because there are a lot of liquidity in the market, so one should not expect to make the whole profit opportunity seen in the market,  just take your share and allow the rest to play and don't try to gain the whole thing.
     
The emotional aspect is another very key important area to pay attention , if a trader could get his or her emotion under control, I think it will actually go a long way in improving someone's trading Skil.

[palle11]

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.

I appreciate this. It is the right thing to do that we follow a pattern of trade that we take decision on so if we lose we are cool with it and we are losing small part of our money. Going by the capital we have we are not to trade exceedingly and take too much risk that our capital is put on risk. Always we are to do a proper money management to our account. We need to money management in any trading strategy we have and that determines our success rate in trade.

[SquallLeonhart]

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

Constant loss in the market is one thing that discourages a lot of traders. Not everybody has enough capital to be able to keep managing with losses that comes with trading cryptocurrency everyday.

In a situation where a trader is experiencing much losses, I would advise that it is best to just take a break for some time and look into the strategies that you are using, and try to learn more new things and see how you can apply them in your daily trade. You can even start by making use of demo trades and seeing how it works out, and if the results you are getting are quite alright, then you can apply it to real trading.

[stepwilli]

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.

[freedomgo]

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.

We all know that trading is hard from the start and the learning should always be consistent. And it takes a lot of years before you can say that experience has made you a better trader. But to think that there is best strategy in trading, i guess there's none. We only have to find those strategies that will work on us as we have different methods on how to make trading a profitable one. And once we found that, confidence will be easily built within  us as we find more comfortable to trade if we have proven strategies that will work on us.

[GreatArkansas]

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.
(....)

Agree! This should be the mindset of most traders especially those who starting to trade. Most of those new in trading or who are just starting are intended to stop after how many trades like how many losses or wins.
They don't know, that's how trade works, that's why there is stop loss/targets because it will save you to maximize your profits and minimize your loss.

[sheenshane]

..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.

[CaVO32]

..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.

In trading, there's is no defined strategy that will make you successful in this endeavor. It will be experience that will hone those skills and knowledge how to react on a certain market. The more info you have for a particular project, the lesser you will incur mistakes. It is always better to continue learning as each project has their own features that your techniques from another project will not be totally applicable to them. If you lost, don't take it as big failure but rather a lesson that you can use for your next endeavor. Sometimes you will encounter situations that are blessings in disguise.