My Trading Strategy

[TheGreatPython]

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

When you are confident about the fundamentals of one trading asset then you must go for dollar cost averaging to ensure that you are missing out anything and also you need to be in race whenever you are equipped with excess funds. People who are aware of the power of regular buying will definitely go for DCA to maximize their networth. Bitcoin must be one of the currently available fundamentally strong asset and your strategy will definitely work.

I believe your strategy will definitely work for bitcoin investment as usually people do suggest about long term holding when it comes about bitcoin and you are already into the same hence I am foreseeing how effectively you will gain profits over the time given that you keep on into DCA.

[jjeeppeerrxx]

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.

I have been searching for answers to my questions until I saw your thread this time and it helps me confirmed a trading strategy that I am planning, because I always got stuck, i mean my funds always stuck because of my emotion while doing scalping, FOMO is my number 2 problem next to emotion that made my funds stuck because of all in trading.

I've tried 50-50% split trading before and it is profitable in scalping and daily trading that was last year before the market collapse and unable to rise back, remember most traders specially those futures traders lost a lot of money being liquidated because of instant collapse of the crypto market I was one of those newbie who were affected because the funds got stuck as I'm chasing the dip.

I remember buying every dip but the market continues to dip more than half of the price and digs dipper and dipper adding more funds to buy the dip until I'm out of funds and emergency came at the time there's no more option but to sell low and exit crying! Hard to predict the market at the moment!

I stay away from trading for couple of months and looking for new capital to invest for trading and now I came back to trade but forgot this splitting of capital/funds method. So I've search for someone who does this kind and thanks God I found this thread for confirmation to my question and doubts!

Now I am starting a new crypto trading journey but for now my funds got stuck again -10% waiting for the price to go up, my mistakes I did ALL IN trade last 3 days ago i need to change my trading strategy to split my funds to 2 or 3 division.

[bitgolden]

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.

When you are disciplined and proactive on following your own predetermined set of rules and timing then definitely you will be getting better chances to make profits rather than losing and regretting. Still I agree with you, when we are too fine with our trading plans, definitely we will be feeling good even on the occurrence of losses because sometimes something beyond our hand do happen to get us losses which can be usually whales' manipulation.

Added to this, is Confidence and Patience.

These are emotional factors which might get into our practice over the experience.

Confidence: When your final results are as expected then you will start risking more by believing into your strategy.
Patience: It is a by-product of being confident; when you are confident, you will be able to remain patience.

[FanEagle]

When you are disciplined and proactive on following your own predetermined set of rules and timing then definitely you will be getting better chances to make profits rather than losing and regretting. Still I agree with you, when we are too fine with our trading plans, definitely we will be feeling good even on the occurrence of losses because sometimes something beyond our hand do happen to get us losses which can be usually whales' manipulation.

That would be based on how good your own set of rules is as well. If you are a great trader or you took "how to trade" lessons very well, then you could set one that is great and if you do not sway away from it just because market is volatile, then you will be fine.

However if you are a newbie that took it from some influencer and want to be like that person and keep repeating that, the results could vary and potentially make you lose. Emotional factors play a big role here as well, if there is a method to make crypto, and you just simply have to do it, there are tons of people who switch their decisions just because of the volatility and get scared and lose money.

[Viscore]

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.

Actually, there is no right or wrong stategies. It all depends on your personality and interest. I believe that there is no single strategy that can be successful at all times, because no matter what you do there will be drawdowns. As a trader when looking for a succesful trading strategy, it is important to educate yourself constantly. Do a lot of backtest and find out which strategies is sustainable in a long run.

And as no one can predict how the market behave, it is important to know how you handle your strategies, your rules and style for different type of scenarios in order for you to become a successful trader. Keep learning.  

[tvplus006]

...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. ..

The fact that you are gaining a position in this way helps to get the average cost more profitable, but it will not save you from sweating money. Since you do not indicate that you are using a stop loss, then you can still lose your money if the price continues to decline.

[Questat]

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.

Actually, there is no right or wrong stategies. It all depends on your personality and interest. I believe that there is no single strategy that can be successful at all times, because no matter what you do there will be drawdowns. As a trader when looking for a succesful trading strategy, it is important to educate yourself constantly. Do a lot of backtest and find out which strategies is sustainable in a long run.

And as no one can predict how the market behave, it is important to know how you handle your strategies, your rules and style for different type of scenarios in order for you to become a successful trader. Keep learning.  

Indeed. And it was because every one of us has a different market opinion and that's even making use of the same strategy still the results are different.
It is quite encouraging why others got a huge profit but first, we have to ask ourselves then if we can do the same as what they do. And the answer is maybe yes or no. Everything relies on us personally, no matter what strategies we are using for as long as it works find and profiting, I guess we have to sustain it and make use of this until the end.

[Ryker1]

...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. ..

The fact that you are gaining a position in this way helps to get the average cost more profitable, but it will not save you from sweating money. Since you do not indicate that you are using a stop loss, then you can still lose your money if the price continues to decline.

Well stop loss is very important in trading because it minimizes your loss when there is.
High leverage trading means high risk which is I avoided since I was in trading, new traders think that if they risk their money on high leverage it could be easy money but for me, that is a form of gambling that involved a high risk after all.
In fact, there is no accurate trading strategies --it matters always your luck or if you know how to manage the market situation there could ehb a profit.

[palle11]

...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. ..

The fact that you are gaining a position in this way helps to get the average cost more profitable, but it will not save you from sweating money. Since you do not indicate that you are using a stop loss, then you can still lose your money if the price continues to decline.

There are few ways that we trade that are not right. They are just time waiting for a strike on the account and any little opposite direction , the account is out. Increase of leverage is a fast killer. Trading is suppose to be slow pace and gradually you get your cup filled but if you rush you may lo lose all. Trading with out a stop loss mechanism is another factor.

[Emitdama]

Actually, there is no right or wrong stategies. It all depends on your personality and interest. I believe that there is no single strategy that can be successful at all times, because no matter what you do there will be drawdowns. As a trader when looking for a succesful trading strategy, it is important to educate yourself constantly. Do a lot of backtest and find out which strategies is sustainable in a long run.

And as no one can predict how the market behave, it is important to know how you handle your strategies, your rules and style for different type of scenarios in order for you to become a successful trader. Keep learning.  

Well to me I think there are wrong strategies and those are the strategies that make you lose more often or if the strategy doesn't let you win any of your trades while the right strategy is when you make more profit than your losses. Before we can figure out which strategy is working and not working, it is important to test them out for some time just be sure and don't judge the strategy too quickly and replace it because you could lose a good one.

No one can predict the market but each of us has their own sense that they follow, someone can share his start based on his own instincts but you might disagree with it and you can blame him if you lose.

[tvplus006]

...new traders think that if they risk their money on high leverage it could be easy money but for me, that is a form of gambling that involved a high risk after all...

Such traders are actually players for whom it does not matter whether they trade on the stock exchange or place bets in the casino. They are willing to risk their deposit to win the maximum profit, but as a rule they lose their money completely.

[Silberman]

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.

Actually, there is no right or wrong stategies. It all depends on your personality and interest. I believe that there is no single strategy that can be successful at all times, because no matter what you do there will be drawdowns. As a trader when looking for a succesful trading strategy, it is important to educate yourself constantly. Do a lot of backtest and find out which strategies is sustainable in a long run.

And as no one can predict how the market behave, it is important to know how you handle your strategies, your rules and style for different type of scenarios in order for you to become a successful trader. Keep learning.  

Taking into account that the goal of every single trader is to make money in the markets then any strategy that fails to do so can be considered a bad strategy, it is true there are different styles of trading and with the huge number of indicators that we have the number of strategies that can be employed are almost infinite, however after you backtest your strategy you can realize if it is a losing strategy and then we can classify it as a bad strategy that should never be used, until it is modified and backtested again and positive results can be observed.

[teosanru]

Your strategy looks great but practically isn't viable for multiple reasons. The first assumption for this to happen is the very volatile market is there which is actually giving big rises and drops because market retraces nicely only after a sudden drop or rise, it won't necessarily do it if it goes slowly to the point. The second problem is that you are not considering the cost of funding you will have to pay when you are waiting for the market to come down to 35k, it can take a day, two days or maybe even a week, Will the profit from the trade be able to justify the funding cost you have spent for holding the trade? Third problem is no SL, let's say it is a very bad day and market just keeps on falling, what is the end point you are keeping? What is the insurance for your liquidation point? In case you hit just one liquidation point in blue moon your whole capital is ruined.

[jostorres]

The fact that you are gaining a position in this way helps to get the average cost more profitable, but it will not save you from sweating money. Since you do not indicate that you are using a stop loss, then you can still lose your money if the price continues to decline.

Well stop loss is very important in trading because it minimizes your loss when there is.
High leverage trading means high risk which is I avoided since I was in trading, new traders think that if they risk their money on high leverage it could be easy money but for me, that is a form of gambling that involved a high risk after all.
In fact, there is no accurate trading strategies --it matters always your luck or if you know how to manage the market situation there could ehb a profit.

Using stop loss is a difficult thing too by the way. If you are doing a small time trading, then you could use it, but if you do it without caring about it very well, then you are going to end up selling all that you have and that is going to end up being risky if the price goes back up. So, you should be careful, if you use it carefully enough, that would be a way to sell at the top, buy at the bottom, but if you use it wrongfully then you are going to end up selling at the bottom and having to forced buy back at a higher price.

There is absolutely nothing that could be done about this, I would suggest that the best way to approach stop loss is being online and checking your levels.

[Emitdama]

Your strategy looks great but practically isn't viable for multiple reasons. The first assumption for this to happen is the very volatile market is there which is actually giving big rises and drops because market retraces nicely only after a sudden drop or rise, it won't necessarily do it if it goes slowly to the point. The second problem is that you are not considering the cost of funding you will have to pay when you are waiting for the market to come down to 35k, it can take a day, two days or maybe even a week, Will the profit from the trade be able to justify the funding cost you have spent for holding the trade? Third problem is no SL, let's say it is a very bad day and market just keeps on falling, what is the end point you are keeping? What is the insurance for your liquidation point? In case you hit just one liquidation point in blue moon your whole capital is ruined.

The main point is, since the market is volatile, how certain are you that the market will really be going down as you keep on making use of this dollar cost averaging.? So investing at 40K, you are not even sure whether the market will start dropping from there or if it will go from the $40,000 to $50,000, which at that point would be a miss for you.

At that time it would have been best that you got in at once at the price of $40,000, unless you are a trader who have plans to HODL for a long term. But going for a short term period, I think going all in at once might be a better option if you are top in point a better market price.

[worle1bm]

Really good that you have developed strategies working for you and also giving out returns to you but the thing is it might be successful for you but for others it could not give the same output as we all have different methods to trade in the market.I will say there is no such single perfect strategy that works completely fine with everybody so if you have made one for yourself then it's good.

Like for some spreading out the investments if good while others simply try to hold it for long term with some good coins like btc so we all have choices which develops our trading habits.

[newdevices]

Really good that you have developed strategies working for you and also giving out returns to you but the thing is it might be successful for you but for others it could not give the same output as we all have different methods to trade in the market.I will say there is no such single perfect strategy that works completely fine with everybody so if you have made one for yourself then it's good.

Like for some spreading out the investments if good while others simply try to hold it for long term with some good coins like btc so we all have choices which develops our trading habits.

Yes and definitely it is not something easy to find a suitable trading strategy for ourselves,
to find it I think it takes time and keep trying because if we just stay quiet and don't try it will be difficult,
your trade is your journey so don't try to copy what others are doing because it may not work for you

[Kelvinid]

Perhaps, you did it great. Not all traders had found already their working strategy, some just copy other works as they think it will work for them as well. It is so encouraging and even for me, I was not able to make it easy, I'd suffer many losses until I found strategies that really profitable. And I think that it also happen to you as well. Most of the time we come into trial and error in order to know what strategies would work but seems surprising to see that not all the time it works then. I've noticed it is totally depends on the market situation.

[FanEagle]

Really good that you have developed strategies working for you and also giving out returns to you but the thing is it might be successful for you but for others it could not give the same output as we all have different methods to trade in the market.I will say there is no such single perfect strategy that works completely fine with everybody so if you have made one for yourself then it's good.

Like for some spreading out the investments if good while others simply try to hold it for long term with some good coins like btc so we all have choices which develops our trading habits.

Yes and definitely it is not something easy to find a suitable trading strategy for ourselves,
to find it I think it takes time and keep trying because if we just stay quiet and don't try it will be difficult,
your trade is your journey so don't try to copy what others are doing because it may not work for you

Try to find one that you could customize to your liking. You do not have to apply someone elses strategy one to one to yourself because that person is a different person than you. This means that something that works for that person, may not be working for you because you are just different and your approach is different and your goals are different, your talents are different, your desires are different and many other things.

All in all finding one that would fit perfectly for you would be very difficult, not impossible but very difficult. So, just find something that is "close" to what you can like, and try to customize it to your own liking.

[Jazzi Mahesh]

Forex trading strategies are techniques used by forex traders to determine whether to buy or sell a currency pair at any given time. Forex trading strategies can be based on technical analysis or news based fundamental events.