Is it best to have a personal trading strategy?

[Silberman]

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.

There are many benefits to using your own strategy to trade the markets, most people only think on the economic benefits but the benefits way go beyond that, one of them is confidence, if you trade using the strategy of someone else even if you are successful you are still only using what someone else investigated and researched, but if you are earning profits with your own strategy this will give you the confidence not only to trade the markets, you will also get confidence in many other aspects of your life as you will know that you are extremely capable, because as we know earning profits in the market is not something easy to do.

[Sebas.tian]

I developed my own trading strategy from the numerous ones available on the internet, I made some adjustments and amendment based on concepts and ideas obtained from other strategy to suit my personal style of trading and stick to it having tested it via demo trading, so far it's has yeilded  positive results, though there is no perfect strategy however, applying money management helps to recover losses incurred while trading, I detest the idea of picking a trading strategy at a time as well as dropping dropping it without enough period of testing to determine it efficacy and efficiency this is very common with newbies in trading.

I agree with you, applying your own strategy in crypto trading will really help you to understand so many things in the market, because there are two things you will surely meet in crypto market, which are profit and loss. If you have tested losses in the market you will not like to experience it again than to apply your personal strategy that will lead you to profits making at the end of the market. If you can use your own strategy to buy in this bearish season and hold for the market price to change in future before you can sell, it will really help you to achieve something good from the market in future.

[ShowOff]

The personal trading strategy I have in mind is to buy on the dip and wait for the market to bounce. Price fluctuations will help you make a profit but of course the best recommendation is on bitcoin rather than altcoin.

For most of the time, bitcoin is the best asset on the market that allows you to make a decent profit. The strength of your capital will determine the amount of profit earned, but of course for a higher risk. I don't have a specific trading strategy, but buying on the dip and accumulating it over the long term is the best option.

[tvplus006]

The personal trading strategy I have in mind is to buy on the dip and wait for the market to bounce. Price fluctuations will help you make a profit but of course the best recommendation is on bitcoin rather than altcoin. ..

"Sell at the maximum price and buy at the minimum" is not a trading strategy, since this is the basic rule of trading, which should ensure profit. But in this case, the conditions that precede the opening or closing of a transaction, as well as the risk of the transaction and its term, are considered for the trading strategy. Accordingly, different interpretations generate a huge number of trading strategies, and each trader in this case can develop an individual one.

[rendravolt]

The personal trading strategy I have in mind is to buy on the dip and wait for the market to bounce. Price fluctuations will help you make a profit but of course the best recommendation is on bitcoin rather than altcoin.

For most of the time, bitcoin is the best asset on the market that allows you to make a decent profit. The strength of your capital will determine the amount of profit earned, but of course for a higher risk. I don't have a specific trading strategy, but buying on the dip and accumulating it over the long term is the best option.

If we trade bitcoin, it will certainly be safer than other altcoins that have low volume and high volatility. But if you have little funds, trading on bitcoin is certainly not the right choice because you can only get a small profit, but if you trade a new altcoin and the fundamentals are very good, of course it will multiply your money. It should be noted that all trades have their respective risks, if you are still a beginner it is better to trade safely.

[wxa7115]

The personal trading strategy I have in mind is to buy on the dip and wait for the market to bounce. Price fluctuations will help you make a profit but of course the best recommendation is on bitcoin rather than altcoin. ..

"Sell at the maximum price and buy at the minimum" is not a trading strategy, since this is the basic rule of trading, which should ensure profit. But in this case, the conditions that precede the opening or closing of a transaction, as well as the risk of the transaction and its term, are considered for the trading strategy. Accordingly, different interpretations generate a huge number of trading strategies, and each trader in this case can develop an individual one.

Correct, that is the goal but how do you achieve something like it? That is the real problem as that is what we would call a strategy, but many traders simply do not see the difference, which is why we see the majority of them losing their money to the markets.

And while it is disappointing to see many people losing their money in that way, at the same time if it was not because of them then it would be impossible for the rest of the traders to obtain any profits.

[GatotKaca]

The personal trading strategy I have in mind is to buy on the dip and wait for the market to bounce. Price fluctuations will help you make a profit but of course the best recommendation is on bitcoin rather than altcoin.

For most of the time, bitcoin is the best asset on the market that allows you to make a decent profit. The strength of your capital will determine the amount of profit earned, but of course for a higher risk. I don't have a specific trading strategy, but buying on the dip and accumulating it over the long term is the best option.

If we trade bitcoin, it will certainly be safer than other altcoins that have low volume and high volatility. But if you have little funds, trading on bitcoin is certainly not the right choice because you can only get a small profit, but if you trade a new altcoin and the fundamentals are very good, of course it will multiply your money. It should be noted that all trades have their respective risks, if you are still a beginner it is better to trade safely.

choosing a new asset to trade is sometimes too risky. due to market fluctuations that are still very fast. not yet a project that is still not going well. because what happens in the market is just a short hype that the community creates.
even with a small capital, I think it will be safer to trade altcoins which already have a strong market. it will be safer than trading new altcoins.

[Asiska02]

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.

As long as it works perfectly for you, sticking to only one type of trading strategy is not a bad notion. People frequently stick to a specific strategy, not because they don't want to earn more money like others who diversify their approaches, but rather because they are afraid to taking a risk. Although being willing to take risks in trading is a trait of a competent trader, if you don't diversify your skills, you can't become an expert in the field you claim to know.

[stomachgrowls]

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.

As long as it works perfectly for you, sticking to only one type of trading strategy is not a bad notion. People frequently stick to a specific strategy, not because they don't want to earn more money like others who diversify their approaches, but rather because they are afraid to taking a risk. Although being willing to take risks in trading is a trait of a competent trader, if you don't diversify your skills, you can't become an expert in the field you claim to know.

No one becomes professional or being experience into those people who had just been relying into others analysis.You wouldnt really make yourself able to learn up lots of things if you arent the ones who would really be

doing such stuffs.You are basically that dependent on others analysis which when the time comes where these sources is gone, then what would you do next? since you dont have the knowledge and awareness
on what you had done just because you are just following then you would really be just basically wandering around with zero knowledge.

Having your own would be the best thing which you could really stand on your own and made out analysis without others help.

[fullhdpixel]

The personal trading strategy I have in mind is to buy on the dip and wait for the market to bounce. Price fluctuations will help you make a profit but of course the best recommendation is on bitcoin rather than altcoin.

For most of the time, bitcoin is the best asset on the market that allows you to make a decent profit. The strength of your capital will determine the amount of profit earned, but of course for a higher risk. I don't have a specific trading strategy, but buying on the dip and accumulating it over the long term is the best option.

It is definitely something people use all the time, because there are crashes and bull runs on bitcoin at all times, it is not quick, but it does happen and we have seen it go up x5 and go down %50+ and repeat this a few times already.

If you invested even just 1000 dollars back in before 2014 price increase, and sold at the top, and bought at the bottom and kept repeating that, you would have millions of dollars right now. Which means bitcoin is more than enough, if you can find a decent altcoin like ETH then that would be fine too but the lower you go in the rankings, the higher the risk goes so it is definitely not something I would suggest.

[suzanne5223]

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.

As long as it works perfectly for you, sticking to only one type of trading strategy is not a bad notion. People frequently stick to a specific strategy, not because they don't want to earn more money like others who diversify their approaches, but rather because they are afraid to taking a risk. Although being willing to take risks in trading is a trait of a competent trader, if you don't diversify your skills, you can't become an expert in the field you claim to know.

Unless if you're going to do the old-fashion which is buying and selling high because a single form of trading strategy can not work perfectly as the cryptocurrency market is concerned because we are talking about the most volatile market in the world which can choose a certain momentum without knowing any possible reason for it.

[NicNacCoin]

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.

[bitgolden]

If you can arrange it, then it would be great. If you cannot, then the better option would be putting a bit of time into checking every single strategy you find, that way you would be able to do whatever you want to do, and you would still have options.

There are so many options available online, you can pick one, and trade with that and see how it does. Also, it is important to realize that during bear markets there won't be that many things that would make sense, but in other markets there are situations where it would make a bit more sense, that would be a lot better. This is why something that doesn't work today, could be perfect when we are in bull run.

[RealMalatesta]

If you can arrange it, then it would be great. If you cannot, then the better option would be putting a bit of time into checking every single strategy you find, that way you would be able to do whatever you want to do, and you would still have options.

There are so many options available online, you can pick one, and trade with that and see how it does. Also, it is important to realize that during bear markets there won't be that many things that would make sense, but in other markets there are situations where it would make a bit more sense, that would be a lot better. This is why something that doesn't work today, could be perfect when we are in bull run.

Finding the right one that works for you will take time, but it would be easier to do during a bull run as well. During a bull run there are a lot of people who would be making money and I believe that it would make sense, and at that point it is smarter to just join in on the fun and make some sort of profit based on whatever you feel like is the best for you during the bull run.

Most of the time you will make a profit anyway, because it's bull run and everyone does, but to find that works you for the best. During bear run it is smarter to stay away, just do DCA and long term and wait for the bull to start, because everyone is losing money during bear period anyway.

[gunhell16]

If you can arrange it, then it would be great. If you cannot, then the better option would be putting a bit of time into checking every single strategy you find, that way you would be able to do whatever you want to do, and you would still have options.

There are so many options available online, you can pick one, and trade with that and see how it does. Also, it is important to realize that during bear markets there won't be that many things that would make sense, but in other markets there are situations where it would make a bit more sense, that would be a lot better. This is why something that doesn't work today, could be perfect when we are in bull run.

We all have our strategies to earn cryptocurrency in this industry. Now, it's really up to us how we manage it correctly so that the result is good. And we indeed have many options in this matter.

However, it is still different when we are in a bull run as a crypto trader, because the movement of income seems to be faster compared to the bear market in my view and opinion. Unlike the bear market, it is difficult to maintain a good profit in our daily life, so there are still others who know about crypto trading.

[TheUltraElite]

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.

The major strategy is same, buy low and sell high. Beyond that we cannot make new strategies on our own, because these are time tested methods to profit from a speculative market.

Surviving on trading should not be the motive here. Trading will give you profits in between with gradual surges but there will not be any continuous profits.

In either case, keep your strategies limited. Otherwise you will get overwhelmed. In spot, not much thought needs to be given to this, rather repeatedly doing the right trade is important.

[Lanatsa]

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.

The major strategy is same, buy low and sell high. Beyond that we cannot make new strategies on our own, because these are time tested methods to profit from a speculative market.

Surviving on trading should not be the motive here. Trading will give you profits in between with gradual surges but there will not be any continuous profits.

In either case, keep your strategies limited. Otherwise you will get overwhelmed. In spot, not much thought needs to be given to this, rather repeatedly doing the right trade is important.

Buy low Sell high is the main concept when doing trading and it is just traders who do really add up some indicators for them to make out some analysis basing up on their trades and this is where results or outcomes

will vary since each one of us does have a trading style.Its better to have your own personal or totally having the knowledge on doing so which you would really be making yourself that independent

and doesnt really rely with others signals and speculative approach.You cant really be that assuring that you do make money but at least you do
it on your own way.

[monineklutak]

If you can arrange it, then it would be great. If you cannot, then the better option would be putting a bit of time into checking every single strategy you find, that way you would be able to do whatever you want to do, and you would still have options.

There are so many options available online, you can pick one, and trade with that and see how it does. Also, it is important to realize that during bear markets there won't be that many things that would make sense, but in other markets there are situations where it would make a bit more sense, that would be a lot better. This is why something that doesn't work today, could be perfect when we are in bull run.

We all have our strategies to earn cryptocurrency in this industry. Now, it's really up to us how we manage it correctly so that the result is good. And we indeed have many options in this matter.

However, it is still different when we are in a bull run as a crypto trader, because the movement of income seems to be faster compared to the bear market in my view and opinion. Unlike the bear market, it is difficult to maintain a good profit in our daily life, so there are still others who know about crypto trading.

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

[Zanab247]

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

[Quidat]

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

I don't know how is that personal trace he was saying, but then when I started trading it is just a basic understanding that when are going to buy a coin it should be a little bit cheaper and you will sell it at high price, it would be great if he knew and he know how to read charts even the basic chart reading through candlestick can help everyone, I survive my trading with this knowledge.

Experience would be your best teacher and this is much more better rather than making yourself been relying into others which its never been that ideal on doing so.
Just make yourself do learn on things along the way via those real time engagement which is something i would say to be worth rather than on relying on others signals.
Its always been best to be independent but its not really bad to listen into others speculations so that you would really be adding up into your knowledge.
Dont rely and make your trading decisions on your own which it cant really be giving out that kind of regret.