Is it best to have a personal trading strategy?

[DoublerHunter]

In order to trade you must employ some of your personal strategies.If you don't have any outside knowledge then you can never get any good from trading platform It is not always possible to make more money with technical strategies. Sometimes you need to survive on the trading platform by using personal strategies.

^Personal strategy is very useful when you start your own research and apply it in your trading activity.
As I can see, it is definitely right, having your own technical and fundamental trading strategies are the best asset in trading because it is sure you know how to forecast the price by using your own. So now the problem is to test how accurate it is and if working is not working 4-5 times, that is not a good strategy which is you lose consistently and need it to change. As for the question of the OP, yes, it ios good to have your own personal strategy.

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[jaberwock]

When the bull run is a good time to make a profit by selling potential coins,
whereas when a bear market many people take advantage of the moment to buy some potential coins and hold them,
apart from that actually it depends on each strategy

That is exactly how some people become rich, and it looks overnight to certain people as well who fails to do it.

Last time we had it in 2021 when the prices went up, I had a friend who was holding coins since 2018, he kept on buying more and more of them, and since they were really cheap he bought a lot of them as well, ETH was as low as 100 dollars and less for a while before that, and went as high as over 4k+ just to give one example, if you invested 10k dollars into that, you would have 400k+ dollars, and that's just one example. He collected for 2+ years, and when the time comes his 20-30k dollar investments became millions of dollars and that wasn't too hard, just buy and hold.

[LUCKMCFLY]

When the bull run is a good time to make a profit by selling potential coins,
whereas when a bear market many people take advantage of the moment to buy some potential coins and hold them,
apart from that actually it depends on each strategy

That is exactly how some people become rich, and it looks overnight to certain people as well who fails to do it.

Last time we had it in 2021 when the prices went up, I had a friend who was holding coins since 2018, he kept on buying more and more of them, and since they were really cheap he bought a lot of them as well, ETH was as low as 100 dollars and less for a while before that, and went as high as over 4k+ just to give one example, if you invested 10k dollars into that, you would have 400k+ dollars, and that's just one example. He collected for 2+ years, and when the time comes his 20-30k dollar investments became millions of dollars and that wasn't too hard, just buy and hold.

Well, there is something that I have learned, and it is that through some books that I have read, it has made me know that some very famous merchants, from the era of the years 1800-1900, they operated with technical analysis, but in their base personal, sometimes, only sometimes they paid attention to what they could sense could happen, this is something very strange, but a very famous trader that strategy worked for him, so intuition is something very personal, sometimes in trading It works, and despite the fact that it is something very crazy, or something that not everyone would do, but if there is that personal conviction, I think it could give him a lot of money, I think that counts as a very personal strategy.

[goinmerry]

Last time we had it in 2021 when the prices went up, I had a friend who was holding coins since 2018, he kept on buying more and more of them, and since they were really cheap he bought a lot of them as well, ETH was as low as 100 dollars and less for a while before that, and went as high as over 4k+ just to give one example, if you invested 10k dollars into that, you would have 400k+ dollars, and that's just one example. He collected for 2+ years, and when the time comes his 20-30k dollar investments became millions of dollars and that wasn't too hard, just buy and hold.

That's the fruit of patience however not anyone can do that. Might sound simple but in reality that was hard to do. Unless they afford to risk decent money while at the same time having that strong patience to wait for years, that should do.

Actually, everyone is aware of what's the best thing to do but the execution of the process is really hard.

[bhooscream]

Having a personal strategy may be very good, but, what kind of personal strategy? are we able to arrange such effective personal strategy that really works well and profitably? If we are still lack, trying other people strategy may be also helpul. from the experiences, we can then try to start our own strategy based on the evaluation of the practices itself. having experiences will be really useful and helpful fornus to start what kind of strategy that are conformed to our trading activities. for, each person may have different or same strategy. do only what you can learn and do that will lead you to gain more profits with minimum losses.

[Mahanton]

Having a personal strategy may be very good, but, what kind of personal strategy? are we able to arrange such effective personal strategy that really works well and profitably? If we are still lack, trying other people strategy may be also helpul. from the experiences, we can then try to start our own strategy based on the evaluation of the practices itself. having experiences will be really useful and helpful fornus to start what kind of strategy that are conformed to our trading activities. for, each person may have different or same strategy. do only what you can learn and do that will lead you to gain more profits with minimum losses.

You are the ones who would really be needing to create those strategy of yours and this is why it would really be involving lots of trial and error for you to find out on those strategy that would fit you.
Its always been better to have your own trading strategy on which you would able to stand on your own without following someones feet or path.Somehow, getting some ideas
on other traders wont really be that bad and would be applied into yours because this would really broaden up your knowledge. Just be versatile
and do all things which you do seem to be right or according into your own preference.

[jossiel]

Actually, everyone is aware of what's the best thing to do but the execution of the process is really hard.

This reality should sink in for most. The strategies are there and ready to be applied but when we come into the actual thing, that's barely met and followed.

It's true that executing or applying it is harder in that process because we thought and claiming that it's an easy thing. But another problem might exist upon doing it.

And that's why people are telling whatever is working the best for you, you keep that and continue your way by determining what works easily.

[virasisog]

Actually, everyone is aware of what's the best thing to do but the execution of the process is really hard.

This reality should sink in for most. The strategies are there and ready to be applied but when we come into the actual thing, that's barely met and followed.

It's true that executing or applying it is harder in that process because we thought and claiming that it was an easy thing. But another problem might exist upon doing it.

And that's why people are telling you whatever is working the best for you, you keep that and continue your way by determining what works easily.

There are plenty of strategies that we could learn but not all of them would apply to us. We can only be a single strategy that would fit our target profit and the period that we want to trade.

Some traders prefer applying only the basics which is to buy low and to sell high but you can make things more effective and efficient if you'll learn continuously and be knowledgeable about technical analysis. If you can read the charts, you'll have an idea about your next move.

[jossiel]

Actually, everyone is aware of what's the best thing to do but the execution of the process is really hard.

This reality should sink in for most. The strategies are there and ready to be applied but when we come into the actual thing, that's barely met and followed.

It's true that executing or applying it is harder in that process because we thought and claiming that it was an easy thing. But another problem might exist upon doing it.

And that's why people are telling you whatever is working the best for you, you keep that and continue your way by determining what works easily.

There are plenty of strategies that we could learn but not all of them would apply to us. We can only be a single strategy that would fit our target profit and the period that we want to trade.

Some traders prefer applying only the basics which is to buy low and to sell high but you can make things more effective and efficient if you'll learn continuously and be knowledgeable about technical analysis. If you can read the charts, you'll have an idea about your next move.

The basic is actually the best one.

But those that want to expand their knowledge and to experience it, they can choose with the variety of strategies that they can see from other traders.

Reading the chart is part of it and that's the next step from being the basic trader, it's a step up to learn how to read the charts and then so on learning the more complex strategies that requires more time.

[xSkylarx]

I'm seeking to know if having a personal trading strategy has been able to enhance your trading profitablity and if you really keep to a particular strategy that worked for you even when it seems it's failing you later on and for how long do you stick to this strategy?

Having a personal trading strategy is a lot better rather than copying or relying on someone to trade. You personally know the risk if you have a strategy of your own and you can adjust it everytime you learn something new. Like my experience in trading whatever strategy I use that I saw on youtube videos, I still come back to my own style of trading since that's where I'm comfortable and able to make profit cautiously.

[lixer]

Using personal strategy to trade is like driving your personal car in a long journey with a little fuel to get to your destination. Since we are still experiencing bear season in the community, it will really help you to know so many things in the crypto market when you involve your personal strategy to carry out your crypto trading in the market. Just try your possible best to apply personal strategy in this season so that you will know that is more favourable to use personal strategy to trade in the market to experience income than using other people strategy to trade in the market

The fuel should be the money that you put in trading. It is low fuel if you put low amounts but full tank if you put massive amounts but unlike driving a real car, more fuel or money in trading can be very risky because the exchange might get hack or the exchange can control your funds. You can also lose it personally if you are weak in trading. In what way a bear can help a trader?

I guess it's when the traders aren't actively trading in bear but they can use that spare time to seek for a better strategy right? In conclusion, it wasn't totally wrong to follow other starts but we should also have our own original start and we will use it more often than them.

[LUCKMCFLY]

In order to trade you must employ some of your personal strategies.If you don't have any outside knowledge then you can never get any good from trading platform It is not always possible to make more money with technical strategies. Sometimes you need to survive on the trading platform by using personal strategies.

Having a personal strategy is really important in trading.If you don't have any personal strategy then you will never achieve anything good there.And whenever you can use a personal strategy to become successful, you can feel that you have achieved something good in your life.So instead of always using this technical technique, sometimes it is better to think about being successful by using personal techniques in some cases.

In my personal opinion, each person has their way of seeing the trade, and sometimes these people have the correct vision of the market, for me things can turn out like this, I currently consider that I lack more security to determine what can happen in the market. market, that is why it is so difficult for me to operate in BTC and in the crypto market, there are many fundamentals, they can be developed or not, but I think that everything that is happening in the world is very new, and we are seeing the reactions of the markets Given these new events, where there are many rumors of war, it is more difficult for BTC to achieve an overwhelming bullish trend.

[ScamViruS]

Sometimes I would choose the option when a trader uses an already worked out, ready-made strategy - this can be more profitable and safe. At least, this option seems to me quite correct.

No strategy is 100% effective, and trading with someone else's strategy can be risky. You will be able to get more secure results when you create a strategy and use it for trading by researching the market in detail. So it is important to educate yourself first, otherwise no matter how many strategies you bring and use, you may see a huge downfall.

[Obari]

It is precisely those who do not have a personal strategy in trading are those who enter the world of trading carelessly.
Having a personal strategy in trading will not guarantee consistent profits but it will allow us to learn every mistake made and be disciplined in trading so that it can reduce losses.

There are people that have more than one strategies and fluctuate between them, and still Make loses.
And what's the essence of trading when I'm not making profit but rather be painfully making mistakes with hopes of learning from them which I would have learnt from the mistakes of others and possibly practice it on a demo  account before moving it to a real live account.
I really don't see this very act as wise because I have seen people who also Mae alot of profits without any stress and just choose to copy the trades of others either through copy trading apps or direct mentorship.

[Sebas.tian]

Having a personal strategy may be very good, but, what kind of personal strategy?

Buy coins when the price is low in the market and sell when the price is high in the market is the best strategy many traders has been using to make profits from their investments. Applying this strategy to your long term trading in the community, it will really help you to minimize losses, and to maximize in profits making in the community. I think, many successful traders stick to their personal strategy to became who they are today in the community, because they focused on their personal strategy than others traders strategy.

[stomachgrowls]

Having a personal strategy may be very good, but, what kind of personal strategy?

Buy coins when the price is low in the market and sell when the price is high in the market is the best strategy many traders has been using to make profits from their investments. Applying this strategy to your long term trading in the community, it will really help you to minimize losses, and to maximize in profits making in the community. I think, many successful traders stick to their personal strategy to became who they are today in the community, because they focused on their personal strategy than others traders strategy.

Buy low Sell high indeed but it wont really be simple as it sounds as you would really be needing to do lots of analysis and other factors which you would really be needing to do  to make your strategy a little more better.

Its really always been good if you do have your own trading ways or strategy rather than on making yourself relying into others strategy.You should really be the one on making on where you could create on your own

and as you do go further or gaining more experience, you would eventually make those strategies to be more enhanced and you could easily make out adjustments
on possible scenarios or conditions that you might faced on.

[ChiNgadOr]

Having a personal strategy to me isn't just the key but the ability to stick to it, is. I have been trading synthetic indices for over 6months and I feel it is better to have a working personal strategy and keeping to it, even at the days and times of loss.

I'm seeking to know if having a personal trading strategy has been able to enhance your trading profitablity and if you really keep to a particular strategy that worked for you even when it seems it's failing you later on and for how long do you stick to this strategy?

This is a big tool to most successful traders we have in the market since the crypto market is huge with diverse coins to trade depending our interest so far. Personal trading strategy can be amended to suit the market whenever things goes wrong or when the market is in another phase. This will help us to keep to rules and play a good role to us having a better timing and working towards our goal.
One of the problems of personal trading strategy is that it need to be evaluated constantly to cross check if it is still active for a better analysis.

[boyptc]

One of the problems of personal trading strategy is that it need to be evaluated constantly to cross check if it is still active for a better analysis.

All of the strategies that you'll try in trading will have to be evaluated by you as you're the one who tests and tries it.

And if it's not showing good results, you just evaluate it that it's not for you and you have to try another strategy that will work perfectly for you.

Just keep on testing strategies that could be the best for you as you trade it personally and work on it as your personal strat to work with.

[redsun114]

I guess it's when the traders aren't actively trading in bear but they can use that spare time to seek for a better strategy right? In conclusion, it wasn't totally wrong to follow other starts but we should also have our own original start and we will use it more often than them.

If there is a newbie who doesn't know what to do and fine with losing, that’s going to be a newbie who will learn how to make profit eventually. Unfortunately, I have met with more newbies who are not fine about losing, and claim that bitcoin and crypto is a big scam to steal everyone’s money as soon as they join and start losing money.

I have been in crypto for nearly 10 years now, and I have lost insane amount of money so far, like literally life changing amount of money, because I didn't hold my coins, and I have lost some trading, and I have lost some investing too, but made more than I lost, so I am doing fine, having a blast specially for the past 5 years. Be like the first newbie, not the second one.

[carlisle1]

One of the problems of personal trading strategy is that it need to be evaluated constantly to cross check if it is still active for a better analysis.

All of the strategies that you'll try in trading will have to be evaluated by you as you're the one who tests and tries it.

And if it's not showing good results, you just evaluate it that it's not for you and you have to try another strategy that will work perfectly for you.

Just keep on testing strategies that could be the best for you as you trade it personally and work on it as your personal strat to work with.

Yup! it's only you who can say if the strategy that you are using will work or if you need to adjust and change it from time to time.

A lot of patterns you can look upon but it's always depending on how you take your position and how you execute your strategy.

More on self-assessment and how will you keep improving your strategy to a much better and fit with your trading styles.