Is it best to have a personal trading strategy?

[AnonBitCoiner]

it doesn't matter if you follow other people's trading signals because in my opinion from there we can also learn how to learn good trading strategies,
I have followed paid signals by paying $ 30 for 1 year and there I learned a lot about technical analysis and until now I always use my strategy.

I think getting knowledge from the strategies of others is good option but if one think that he will get profit by completely following the strategies of others so it is not possible because you don't know that beside this strategy what he will do for achievement of success.

You have learned technical analysis by paying 30$ for year then it's not such a high cost and you do well to continue your journey of success in crypto investment of trading. There are many individuals who take payment but do not provide useful information and you learned well so it means that you did not face any scammer which is also a plus point for your achievement.

You learned well and if you use these strategies you will surely be  successful person so with passage of time you will get more experience.

[stomachgrowls]

it doesn't matter if you follow other people's trading signals because in my opinion from there we can also learn how to learn good trading strategies,
I have followed paid signals by paying $ 30 for 1 year and there I learned a lot about technical analysis and until now I always use my strategy.

I think getting knowledge from the strategies of others is good option but if one think that he will get profit by completely following the strategies of others so it is not possible because you don't know that beside this strategy what he will do for achievement of success.

You have learned technical analysis by paying 30$ for year then it's not such a high cost and you do well to continue your journey of success in crypto investment of trading. There are many individuals who take payment but do not provide useful information and you learned well so it means that you did not face any scammer which is also a plus point for your achievement.

You learned well and if you use these strategies you will surely be  successful person so with passage of time you will get more experience.

Be versatile on which this would be the key on fastening up the process on learning. Making some snippets on others strategies and ways on how they would trade would at least be giving that additional knowledge which

those learnings would really be added up into you which this is preferable and not something that you should really be stopping on doing so. Whats best is on having your own personal strategy which do came out from your own analysis on which it is really that something that would be preferable. Its not bad to look up with others strategy but relying and being dependent is something not really that you should consider.
You cant really be that able to follow someone like forever on which there's really a time on where you would be able or need to trade on your own. This is why as much as possible then you should
learn up things on how its been done because on the time that you would decide on going solo then you could be able to make yourself stand out on your own feet.

[Dr.Bitcoin_Strange]

Trading without your trading strategy is just like going to the farm to work without farm tools and I wonder if you can achieve anything at the of the day. After you think you must understand things about trading, the next thing is developing a strategy around what you learned, You should have backtesting of your strategy with a Demo account to ascertain or examine how profitable you would become with it before implementing it in a live account.

I realize that new traders are always in a rush to make a quick profit; they always have so much FOMO that they don't even see practicing on the demo account as something that is worth spending time on. They will just dive in straight with their capital, and with a few mistakes, all their assets will get liquidated, and they will end up casting blame on crypto. This is the reason why some people have negative perceptions about crypto. Just as you said, a trading strategy is what one can build when learning how to trade. Then you develop a strategy that best works for you, or even if you get a strategy from another trader, the person is supposed to do some practice on the strategy by using the demo account just as you stated, but most people just forget all those principles just to make a quick profit.

[rojan]

I think everyone already has their own strategy. Cause For them who Start newly trading and still gaining knowledge, they copy theirs strategy and continue trading. Cause those strategies are tested. Later, after gaining lot of experience and after understanding market, they build their strategy automatically. Sometimes it works, sometimes fails. But if your strategy let you survive in the crypto market in long term with profit, then there is no reason to Change it

I think there are several strategies to follow in trading. Not everyone can make profit from trading. New traders should always follow some rules. First of all new traders should understand about trading and then start trading with small amount of money.  In the new situation, if you start trading with wrong decision without understanding, then there can be many big problems.

[Awaklara]

I think everyone already has their own strategy. Cause For them who Start newly trading and still gaining knowledge, they copy theirs strategy and continue trading. Cause those strategies are tested. Later, after gaining lot of experience and after understanding market, they build their strategy automatically. Sometimes it works, sometimes fails. But if your strategy let you survive in the crypto market in long term with profit, then there is no reason to Change it

I think there are several strategies to follow in trading. Not everyone can make profit from trading. New traders should always follow some rules. First of all new traders should understand about trading and then start trading with small amount of money.  In the new situation, if you start trading with wrong decision without understanding, then there can be many big problems.

therefore it is important to gain trading experience from a small capital first. some mistakes i race won't be a problem as long as it cultivates the skill of the merchant.
those who are currently great traders are also not without faults in the trading strategies they used in the past. traders who learn from mistakes and correct them, they can get success in the future. every beginner of course needs more experience to get better.

[carlisle1]

Trading without your trading strategy is just like going to the farm to work without farm tools and I wonder if you can achieve anything at the of the day. After you think you must understand things about trading, the next thing is developing a strategy around what you learned, You should have backtesting of your strategy with a Demo account to ascertain or examine how profitable you would become with it before implementing it in a live account.

I realize that new traders are always in a rush to make a quick profit; they always have so much FOMO that they don't even see practicing on the demo account as something that is worth spending time on. They will just dive in straight with their capital, and with a few mistakes, all their assets will get liquidated, and they will end up casting blame on crypto. This is the reason why some people have negative perceptions about crypto. Just as you said, a trading strategy is what one can build when learning how to trade. Then you develop a strategy that best works for you, or even if you get a strategy from another trader, the person is supposed to do some practice on the strategy by using the demo account just as you stated, but most people just forget all those principles just to make a quick profit.

By doing practice, you'll be able to familiarize yourself in what are the possibilities and what can you do to avoid making mistake,
you'll be able to learn things and you'll be able to be ready when you step your foot inside trading.

I go with the idea of watching and following some experienced traders. They can give you good hint in performing your trade, might not
have the same outcome, but you'll be able to learn from how they execute their trades.

It's important to take time and not to think that it's an easy journey or a quick way to earn money.

[Dr.Bitcoin_Strange]

I go with the idea of watching and following some experienced traders. They can give you good hint in performing your trade, might not
have the same outcome, but you'll be able to learn from how they execute their trades.

There are some situations where someone can just hear about crypto trading for the first time and be ready to go into it without even having anyone to teach them; at that point, they may not really have or see any experienced traders to learn from. So, sometimes there is no really experienced trader to learn from; the only thing to do is practice on the Demo account, if the trading platform they are using has a demo section.

[Mahanton]

Trading without your trading strategy is just like going to the farm to work without farm tools and I wonder if you can achieve anything at the of the day. After you think you must understand things about trading, the next thing is developing a strategy around what you learned, You should have backtesting of your strategy with a Demo account to ascertain or examine how profitable you would become with it before implementing it in a live account.

I realize that new traders are always in a rush to make a quick profit; they always have so much FOMO that they don't even see practicing on the demo account as something that is worth spending time on. They will just dive in straight with their capital, and with a few mistakes, all their assets will get liquidated, and they will end up casting blame on crypto. This is the reason why some people have negative perceptions about crypto. Just as you said, a trading strategy is what one can build when learning how to trade. Then you develop a strategy that best works for you, or even if you get a strategy from another trader, the person is supposed to do some practice on the strategy by using the demo account just as you stated, but most people just forget all those principles just to make a quick profit.

By doing practice, you'll be able to familiarize yourself in what are the possibilities and what can you do to avoid making mistake,
you'll be able to learn things and you'll be able to be ready when you step your foot inside trading.

I go with the idea of watching and following some experienced traders. They can give you good hint in performing your trade, might not
have the same outcome, but you'll be able to learn from how they execute their trades.

It's important to take time and not to think that it's an easy journey or a quick way to earn money.

Yeah, this is why its really that impossible that you wouldnt really be able to make yourself some strategy later on on which it would really be something that you would be thinking on the time that you would
really be gaining up some knowledge towards trading or simply on the time that you would really be getting some experience and knowledge on which you would soon realize that you would really be making
your own ways on how to trade up with this market. It does really depend though on a certain individual since not all would really be that sensible or mindful towards their actions on which it would really be just
that normal that they would really be having those thoughts that they would be just simply relying into others call and would be following until in the end if you are really that lazy enough but if
not then you would really be thinking up ways on making things for the better.

[carlisle1]

I go with the idea of watching and following some experienced traders. They can give you good hint in performing your trade, might not
have the same outcome, but you'll be able to learn from how they execute their trades.

There are some situations where someone can just hear about crypto trading for the first time and be ready to go into it without even having anyone to teach them; at that point, they may not really have or see any experienced traders to learn from. So, sometimes there is no really experienced trader to learn from; the only thing to do is practice on the Demo account, if the trading platform they are using has a demo section.

It's on you I get your point. There are traders who are willing to jump right away and try some luck if they will earn from this business,
they are not going to look for any experienced traders to follow.

They are just going to move forward and will try everything. If luck permits, then they will gain. If not, then it will be charged to experienced
and the next thing to do is to decide if they will continue or they will stop and forget about this market.

[JahriMeayer]

It is wise to have your own strategy cause trading is highly depend on it. technical & fundamental analysis, money management, buying positions, all are depends on strategy. The more perfect strategy you have, the less possibility for your assets to be lost.

and for how long do you stick to this strategy?

So if you find out better strategy which is better working then previous one, then feel free to replace it with new one. Cause thus your Strategy will be more effective in upcoming days.

[Obari]

It is wise to have your own strategy cause trading is highly depend on it. technical & fundamental analysis, money management, buying positions, all are depends on strategy. The more perfect strategy you have, the less possibility for your assets to be lost.

and for how long do you stick to this strategy?

So if you find out better strategy which is better working then previous one, then feel free to replace it with new one. Cause thus your Strategy will be more effective in upcoming days.

I had to qoute you because I love how straight  forwarded you were answering the questions but I wish  to know if you think having a personal strategy  at some point guaranty some sort of profits because I personally don't  think so.

I go with the idea of watching and following some experienced traders. They can give you good hint in performing your trade, might not
have the same outcome, but you'll be able to learn from how they execute their trades.

There are some situations where someone can just hear about crypto trading for the first time and be ready to go into it without even having anyone to teach them; at that point, they may not really have or see any experienced traders to learn from. So, sometimes there is no really experienced trader to learn from; the only thing to do is practice on the Demo account, if the trading platform they are using has a demo section.

One thing you must know is that, there is a bug difference between trading on demo and trading on a real and live account.  I've always believed that no matter how good you are with trading on demo especially  as a newbie, there are still great possibilities of breaking alot of the rules and principles you might set before starting on a real account and this happens most times because people trade with emotions and very high expectations and relatively  very low capital and expect to make all the money their imagination  can think of and hence leading to blowing of account.

Don't know if you've heard of copy trading but so many people are already engaging in this without wanting to bother themselves with all the stress of reading charts and getting a strategy.

[Ricardo11]

It is better to have a personal trading strategy, as it will give us a greater chance of success. I always trade using personal trading strategy, it helps us to make right decisions while trading. And it increases the success of trading. For the past few years I have been trading using trading strategies, and I have managed to own a good amount of money. In my opinion everyone should have a personal trading strategy. This will help us to earn good amount of money from trading.

[CarnagexD]

It is better to have a personal trading strategy, as it will give us a greater chance of success. I always trade using personal trading strategy, it helps us to make right decisions while trading. And it increases the success of trading. For the past few years I have been trading using trading strategies, and I have managed to own a good amount of money. In my opinion everyone should have a personal trading strategy. This will help us to earn good amount of money from trading.

Absolutely, because in trading you are your own boss. Which also means you are the only person accountable for your own actions. If you don't set rules, systems, and strategies in play. You will not have any guide to where you are going or what you want to achieve trading. You are the only person who can restrict yourself. It's your own approval and your own actions. That's also how you build the discipline required in profitable trading.

[Dickiy]

It is better to have a personal trading strategy, as it will give us a greater chance of success. I always trade using personal trading strategy, it helps us to make right decisions while trading. And it increases the success of trading. For the past few years I have been trading using trading strategies, and I have managed to own a good amount of money. In my opinion everyone should have a personal trading strategy. This will help us to earn good amount of money from trading.

It is a good step to seek learning from every custom market we enter and then create our own strategy. Using your own strategy will be better than looking for other alternatives such as following several signals from a group whose percentage accuracy cannot be ascertained. We are a company and our mind is the boss who will manage all the policies in it. At first I didn't realize that in trading we cannot depend on other people, I mean other people's knowledge and then we follow it. When I depend on several signals in one of the groups that I follow, for some reason I always experience losses, but when I try to do it myself, I can indirectly reduce the level of losses with several things that I shouldn't have done.

In addition, it would be better for traders, especially beginners, to use their own strategy, because indirectly you can find out the advantages and disadvantages of your strategy, you will know when you have to enter the market and when you have to leave it when you know that it is not the right time. appropriate. When you get a profit you will know what caused you to get a profit and when you get a loss then there you will also know that you cannot do the same thing so that the loss will not come again. The bottom line is that the best decision is within you for the opportunity to start trading.

[omgitsmehehe]

It is better to have a personal trading strategy, as it will give us a greater chance of success. I always trade using personal trading strategy, it helps us to make right decisions while trading. And it increases the success of trading. For the past few years I have been trading using trading strategies, and I have managed to own a good amount of money. In my opinion everyone should have a personal trading strategy. This will help us to earn good amount of money from trading.

Acquainted with your personal trading strategy, would be difficult at first but as times goes by, it becomes more smooth and convenienable for trader, but I would recommend signals and copy trading for newbies, because this is not something we would just start overnight, we have to plan out our trading strategy to match the market. Ofcourse it's a good to have a personal trading strategy in the space. I study most strategies specifically the ones from pro traders, knows their every move and sometimes follow CPI news.

[Franctoshi]

but I would recommend signals and copy trading for newbies, because this is not something we would just start overnight, we have to plan out our trading strategy to match the market. Of course, it's good to have a personal trading strategy in the space. I study most strategies specifically the ones from pro traders, knows their every move, and sometimes follow CPI news.

Do not be in a rush to earn, Should learn before you earn. For me, I don't suggest such because that is going to cause a distraction in their learning process, A trading strategy is just like a knife and hoe used in farming and it is necessary for our trading journey.
The person whom you copy from or trades the signals once sacrifices his time to learn and you too should do the same.

[Bushdark]

Literally every trader must have his own strategy, even though we learn from strategies from other people (experts) on various platforms or books. But at least we traders must have a strategy to define our investment goals clearly. This is similar to any investment, including for doing business, we must have our own strategy. That's why it's very important to have clear goals before making any investment.

Because with a strategy we know very well which direction we want to go and how to position ourselves when the market goes up or down. Ideally, there are two general views in Bitcoin trading, namely: Just want to collect Bitcoin and Want to pursue profits by buying and selling.
 
If we decide to become a Bitcoin trader, then we must focus on collecting profits, not collecting Bitcoins.

Looking at the strategy aspect, not everybody that need to have there own strategy, we can always buy different strategies that we like from the market or from pro traders that are willing to sell there own strategy to the public to earn some cash. Since not everyone of us can develop there own strategy, I always look to the market or some sites where I can buy trading strategy to test and use in the market to make extra profits for myself.

When I started trading, I never have my own strategy, I was using the strategy that my tutor thought me in the market making some few profits but for the quest to make more money, I decided to look for other strategies that can increase my profits since loses is part of the game.

 Sometimes I do make profits and lose it back to the market which is one thing all traders want to avoid so that the little we earn from the market will not be given back to the market. Those who know this do devise a way to avoid given out the profits they made so far back to the market. This is part of the complicated part of trading that we need to keep our eyes on.

[Hamphser]

but I would recommend signals and copy trading for newbies, because this is not something we would just start overnight, we have to plan out our trading strategy to match the market. Of course, it's good to have a personal trading strategy in the space. I study most strategies specifically the ones from pro traders, knows their every move, and sometimes follow CPI news.

Do not be in a rush to earn, Should learn before you earn. For me, I don't suggest such because that is going to cause a distraction in their learning process, A trading strategy is just like a knife and hoe used in farming and it is necessary for our trading journey.
The person whom you copy from or trades the signals once sacrifices his time to learn and you too should do the same.

Common mistake for most individual or trader is that they are really that rushing up things to learn and this is why on the time that they do engage on then they are really that susceptible into lots of errors and mistakes.Although we do know that mistakes and errors is common or normal but we do really have that so-called a certain extent or level on which that it could really be that possibly be lessen out if you are really that
mindful when it comes to your trading outcomes and decisions on which it is something that you should really be mindful with. Its true that having your own personal trading strategy is much more better
compared when you do keep  yourself that too relying into others or simply copying on what they do have.

Also, when you do have your own strategy then you wouldnt really be having that kind of feeling of regret on the time that you would really be losing money because of your trades,compared when you do
follow someone and make decisions on someones analysis which it is really that regretable.

[kawetsriyanto]

Absolutely, yes! Everyone should have their own personal trading strategy because a strategy that is working for you might be harmful to the other person.

Sure, everyone may have own trading strategy because everyone has a different style and goal in trading. Some people trade daily, they want faster profits. While others may not trade daily and don't hurry to take profits. So, their goals and style are not the same, they need a different strategy.

By the way, it is true that a certain strategy may work effectively with us. But it may not work effectively to other people. However, I don't think there is a strategy that can harm people as long as the people know well their goal.

[Mame89]

Trading preferences cannot suddenly immediately trust the strategies of other people or the same friends around you because everyone's investment goals are different and the targets are also different. You must first know your trading strategy and what your trading goals are like. That way later you will be able to feel for yourself by implementing your trading options according to your strategy, you will be more responsible for each of your trading decisions in the future.

In essence, I think the most important point you can make is to do your research before trading. Too many people just buy because of the hype or because a YouTuber tells you to buy without them doing their research, this is very dangerous for your finances. There's nothing wrong with trying to listen to other people's strategies to become your reference or comparison when making decisions later when trading.