Is it best to have a personal trading strategy?

[newdevices]

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?

Professional traders must have some personal strategy and continue trading with that personal strategy.It is not always possible to trade with technical and fundamental strategies, of course there is an emergency need for own personal strategy trading platform.Otherwise, trading in this market can never be sustained and money cannot be profited even in short time.

after all trading must also have your own personal strategy or even better you don't have to follow other people just to trade,
traders also have their own ways even the ones they use for analysis are also different,
if you understand technical analysis it's better to do your own trading strategy because it will make you comfortable.

[1714510799]

1714510799

[1714510799]

1714510799

[1714510799]

1714510799

[AicecreaME]

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?

For me I'd rather stick to my own personal strategy in trading than to do copy trading in other trading platforms. Yes, copy trading is profitable and you do nothing but copy other's people approach, however, there's no benefit on it aside from making profits, lucky if it's always. What I mean is, personal trading strategy has a lot more room for growth compare to copy trading.

It's okay to failed, no matter how many times it is, you failed because you're trying, and when you're trying it means you could be better, and that's what gonna brings a lot of profit for you in the future, so just keep on grinding.

[sana54210]

Having your own method is beneficial, but incorporating other people's concepts into your trading plans is never a good idea. Most of the time, I merely imitate other people's positions, but I always have the option to change course if I believe my position isn't the greatest. It's better to assess the market before using your approach or someone else's technique since, of course, you're not always in the black.

It is not about incorporating concepts but we use others' ideas to make our own and make them even better. In fact, I'd learn trading by watching online tutorials, I copy their method and strategies in trading. But I'd see that was an effective strategy to follow that is why I'd leveled it up and created my own. Maybe for some reason, we retain those ideas we've learned from others and I never find it wrong as long as it works well, and we are comfortable with it.

That's a good way of becoming a good trader. You could find what people do, and change it just enough to make it better for your own personality. People think that there is a single way of everyone making profit and they are trying to find that, but in reality there isn't one at all. We are all different people and that means we are going to end up with a different result in the long term, and that's going to be something a lot better if you could configure your strategy to whatever you are like.

I personally do not even trade that much, I just invest, but when trading I try to make it quick, even 1 satoshi profit after all costs is fine for me to leave, and keep repeating that as many times as I can.

[Fatunad]

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?

For me I'd rather stick to my own personal strategy in trading than to do copy trading in other trading platforms. Yes, copy trading is profitable and you do nothing but copy other's people approach, however, there's no benefit on it aside from making profits, lucky if it's always. What I mean is, personal trading strategy has a lot more room for growth compare to copy trading.

It's okay to failed, no matter how many times it is, you failed because you're trying, and when you're trying it means you could be better, and that's what gonna brings a lot of profit for you in the future, so just keep on grinding.

Copy trading is mostly into those noobs or who are just new into the market which doesnt really care or mind much about on sustaining themselves on long term thats why they do really end up on this option.
Yes,its true that it is the most simplest way since you arent doing doo much work and dealing with technical things but of course they'll soon realize on what are the things that they must do.
You cant just having that copying behavior like forever on which you would really be finding yourself on needing to learn up at least so that you would really be that
independent and wont really be that relying into others signals or trades.

[goinmerry]

Honestly, while we are doing trades continuously, it's automatic thing that we will be able to create our own personal trading strategy. It is something that we can form without any realization that we are able to create one. It's because we are gaining more knowledge in training and we work on doing solutions for every problem we will encounter.

Yes, it's best to have your own personal trading strategy.

[Xampeuu]

personal trading strategies are acquired through a long process so gain a lot of experience and find solutions to his own trading problems. sometimes someone tries many trading strategies and looks for the best, but actually I think it's best to maintain our psychological stability, that way we can launch our strategy well, but indeed a personal trading style must be found to be able to enjoy trading itself

[Mauser]

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?

My core trading strategy I have been using for more than 5 years now. I started with it back when I was only buying and selling stocks and some bonds. Eventually when moving into the crypto world I gave it a try to trade cryptos similar to stocks and found out that the price patterns seem very similar. My strategy at the moment based on a few different technical indicators, including High/Low prices over the last 30 days, moving average prices for 7 and 30 days and the traded volume. It's not a guarantee to make money and I have even made quite a few bad trades over the years. But I usually come always back to a similar strategy. After a bad trade I switch around the time frames, and instead of looking 30 days numbers I switch to 60 or 90 days to look for different trends. For me it is good to have a fixed system in place to rely upon, it helps calm my nerves and I worry less about when to sell and when to buy.

[Russlenat]

Oh yes, personal strategies are always best no matter what others would suggest. The thing is, abc strategy might be best for one person or the other but it may not work you or me as perfectly as it does for them. It’s very simple, their method of working, thinking, reasoning could be at another level while ours could be at another. With this said it’s always perfect to make your own strategies, build the logics and personal methods to trade in every day basis. Definitely it will be different than what you do or gain in the current method.

However, building our own strategy that will work on us takes time. There are times that we only followed those strategies that have been proven effective to other traders, but still when we come to use it, the outcome differs. So it only means that certain strategy is not fit for us, and we should always keep digging and testing until we come up with a good strategy that will definitely make us profitable through successful trading.

[Mpamaegbu]

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?

But of course, everyone has different temperament and that shows without any hindrance during trading. Each to their own and that's why it's highly advisable for every trader to develop their own trading plan. Look at this scenario, if all traders were to use the same pattern or even follow a particular trade signal, trust me there are still some that won't make the same level of profit from it as others. I'm talking of the same trade signal handed over to different traders. With time, I've learnt not to use default settings of any indicator I fancy. I must tweak and find my own setting. So far so good, I rely most times on my trading plan and if I've to take anybody's call it must align with mine. Otherwise, I stick to mine.

[strunberg]

personal trading strategies are acquired through a long process so gain a lot of experience and find solutions to his own trading problems. sometimes someone tries many trading strategies and looks for the best, but actually I think it's best to maintain our psychological stability, that way we can launch our strategy well, but indeed a personal trading style must be found to be able to enjoy trading itself

take a simplest methode that suitable with our character and mentality, trading type.alot trading system' developted there ,but it could different with our character so maybe could not generate profit. I am agree psychology be number one in trading ,it Will make us really patience waiting best position with entry level and also controling our mental while suffering loss.

[TelolettOm]

personal trading strategies are acquired through a long process so gain a lot of experience and find solutions to his own trading problems. sometimes someone tries many trading strategies and looks for the best, but actually I think it's best to maintain our psychological stability, that way we can launch our strategy well, but indeed a personal trading style must be found to be able to enjoy trading itself

Sure, owning a personal trading strategy isn't an easy thing, it must require a lot of experience through trading activities for years. That's why I think a personal trading strategy is for an experienced trader only. Newbies won't have a chance to find their personal strategies. Regarding psychological stability, it is a difficult matter to have psychological stability, even a mature person doesn't guarantee to have psychological stability. If it is a key factor for a person to find his own strategy, so it will be very few people who have the ability to own personal trading strategies. I don't know whether psychological stability has that very crucial role or not, but surely it is something good to achieve.

[bitterguy28]

I think if you can earn and make a living from trading then the answer is Yes , because enhancing our  capability to learn and trade is something others cannot do so why stick to something that you can make an upgrading?

and we are talking about profiteering here so everything that can bring us more income is of course best to use.

Personal trading strategy is not that I have now but love and willing to use once I fully understand the trading world in crypto. things that until now I don't master .

personal trading strategies are acquired through a long process so gain a lot of experience and find solutions to his own trading problems. sometimes someone tries many trading strategies and looks for the best, but actually I think it's best to maintain our psychological stability, that way we can launch our strategy well, but indeed a personal trading style must be found to be able to enjoy trading itself

take a simplest methode that suitable with our character and mentality, trading type.alot trading system' developted there ,but it could different with our character so maybe could not generate profit. I am agree psychology be number one in trading ,it Will make us really patience waiting best position with entry level and also controling our mental while suffering loss.

good advice , this is the problem about those who wanted to trade, they are only seeking for easier method but the truth is? did not suit them at all.

[BinarySumo]

A strategy is must to have a successful trading career. Your strategy should align with your goals and your behaviour. Be consistent. And don’t rely on the strategy of others as they might not work for you.

[blockman]

A strategy is must to have a successful trading career. Your strategy should align with your goals and your behaviour. Be consistent. And don’t rely on the strategy of others as they might not work for you.

Consistency is important whether you have a personal strategy or you're just copying the strategy of others. Once you're set and you're doing it, just be consistent and keep doing it until there's an error and it's no longer working.
But if it's working, keep on hustling with that strategy that you've been using, and don't change anything until it's not effective anymore to you. That's the key to making yourself profitable with whatever strategy that you do when you trade. You'll learn a lot of it more when you're doing it and gain more experiences.

[fauzan Ichsan]

A strategy is must to have a successful trading career. Your strategy should align with your goals and your behaviour. Be consistent. And don’t rely on the strategy of others as they might not work for you.

Consistency is important whether you have a personal strategy or you're just copying the strategy of others. Once you're set and you're doing it, just be consistent and keep doing it until there's an error and it's no longer working.
But if it's working, keep on hustling with that strategy that you've been using, and don't change anything until it's not effective anymore to you. That's the key to making yourself profitable with whatever strategy that you do when you trade. You'll learn a lot of it more when you're doing it and gain more experiences.

from experience it will teach us many things, we can understand mistakes that should not be made, by honing skills continuously and learning from experience, then we will automatically be able to find trading strategies that can make us enjoy when trading. not everyone can do something like this, because most of them are not able to go through the learning process that will lead us to consistent profit

[Zilon]

Once you're set and you're doing it, just be consistent and keep doing it until there's an error and it's no longer working.
But if it's working, keep on hustling with that strategy that you've been using, and don't change anything until it's not effective anymore to you. That's the key to making yourself profitable with whatever strategy that you do when you trade. You'll learn a lot of it more when you're doing it and gain more experiences.

If you stick to a working strategy for so long as long as it's working, what then happens when it completely stops to work trial and error comes in. As a trader it is best to first understand what ever strategy used be it personal or copied then when it stops working it will be easier to make adjustment to suit the present market changes.

In as much as every trader uses a strategy improving on those strategy makes one better than the other. No strategy will ever work for ever, in my own opinion i believe review, update and consistent visit of strategy is important

[blockman]

Consistency is important whether you have a personal strategy or you're just copying the strategy of others. Once you're set and you're doing it, just be consistent and keep doing it until there's an error and it's no longer working.
But if it's working, keep on hustling with that strategy that you've been using, and don't change anything until it's not effective anymore to you. That's the key to making yourself profitable with whatever strategy that you do when you trade. You'll learn a lot of it more when you're doing it and gain more experiences.

from experience it will teach us many things, we can understand mistakes that should not be made, by honing skills continuously and learning from experience, then we will automatically be able to find trading strategies that can make us enjoy when trading. not everyone can do something like this, because most of them are not able to go through the learning process that will lead us to consistent profit

In the long run, that's the result of being experienced. You'll get the knowledge that you haven't got when you're still a newbie in trading. That will sort out things on how it happened and what you can do to avoid it from not happening.
The learning you'll get based on the process of trading will make you a better trader, as you formulate a strategy or someone's strategy being used and it's working, that's what matters with all of it. Because even if some are trying to apply what they know as a strategy, it's just not enough and there's the reality that trading might not be for them.

[Fatunad]

Consistency is important whether you have a personal strategy or you're just copying the strategy of others. Once you're set and you're doing it, just be consistent and keep doing it until there's an error and it's no longer working.
But if it's working, keep on hustling with that strategy that you've been using, and don't change anything until it's not effective anymore to you. That's the key to making yourself profitable with whatever strategy that you do when you trade. You'll learn a lot of it more when you're doing it and gain more experiences.

from experience it will teach us many things, we can understand mistakes that should not be made, by honing skills continuously and learning from experience, then we will automatically be able to find trading strategies that can make us enjoy when trading. not everyone can do something like this, because most of them are not able to go through the learning process that will lead us to consistent profit

In the long run, that's the result of being experienced. You'll get the knowledge that you haven't got when you're still a newbie in trading. That will sort out things on how it happened and what you can do to avoid it from not happening.
The learning you'll get based on the process of trading will make you a better trader, as you formulate a strategy or someone's strategy being used and it's working, that's what matters with all of it. Because even if some are trying to apply what they know as a strategy, it's just not enough and there's the reality that trading might not be for them.

Experience would be the best teacher on which you would really be definitely able to acquire up these things on the time that you do continue on engaging with trading.Its not bad on looking on others analysis or ways
because you are really that accumulating for you to apply into your own analysis.Its always been okay on being independent rather than on making yourself be that depending on others methods.
You would really be finding out for yourself on how sensible on having your own strategy and you could really create your own analysis which you can depend or rely on.
Most noobs wouldnt really be considering on doing this initially but instead they would really be having that copy trading.

[SOKO-DEKE]

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.

Yes, having a personal strategy is really important because it is the first and most significant step to achieving success in life, whether it be in a career or in self-realization. You will learn how to reach your goals with the least amount of time and effort as you create a personal approach. Once you select your particular approach and it is successful, I believe you will have no trouble finding for alternatives.but it not working out you need to follow others strategies to make it work out, it is not necessary to stick to it.

[Desscount]

A strategy is must to have a successful trading career. Your strategy should align with your goals and your behaviour. Be consistent. And don’t rely on the strategy of others as they might not work for you.

Consistency is important whether you have a personal strategy or you're just copying the strategy of others. Once you're set and you're doing it, just be consistent and keep doing it until there's an error and it's no longer working.
But if it's working, keep on hustling with that strategy that you've been using, and don't change anything until it's not effective anymore to you. That's the key to making yourself profitable with whatever strategy that you do when you trade. You'll learn a lot of it more when you're doing it and gain more experiences.

from experience it will teach us many things, we can understand mistakes that should not be made, by honing skills continuously and learning from experience, then we will automatically be able to find trading strategies that can make us enjoy when trading. not everyone can do something like this, because most of them are not able to go through the learning process that will lead us to consistent profit

Some people when they hear about crypto they just want profit without going through the process,
but that's the fact it's like that and sometimes there are people who just get in the middle of the road and then just give up,
There are many things you must have if you really want to be successful