How do we manage our crypto trading strategy

[Jody.Drummer]

Loss and trading are interconnected and it is impossible to separate them because they are one unit. This can be minimized with a trading strategy from the results of our analysis of the market. But how efficient are the strategies we use? nothing works 100% of the time. Not only strategy, we also have to fully understand the aspects that are in the market. Strategy is the final step before we finally execute a market. Especially for beginners, it will not be as easy as it looks, maybe in theory yes it is easy, but in practice it will be mentally draining.

The only way to not experience a loss is to not do trading at all or any activity which has a risk on them. The only downside of it is that you won't also grow or gain anything. If you are the one that formulates your strategy then you will know its effectiveness. Having a strategy is better than trading randomly. That won't differ to gambling anymore.

Yes, there is no such thing as 100 percent winning rate strategy. Can't imagine if someone has that then they are now the richest person in this world lol. Building a strategy is not easy most especially for a beginner but it is worth it because like you said, a strategy can minimize our risk of losing or can increase our chance of earning a profit.

If you are not really able to deal with pressure in trading and are not ready to experience losses, then not trading is the best thing and focusing more on long-term investments because it is more worth it.
We have to be aware of our own condition whether we are capable or not, if indeed we are unable to do so, it would be better if we don't do it because this requires real mentality and learning, not just reckless capital to go straight into the market.
But most people don't look at it because they think trading is a quick way to get profits, so they don't realize that their qualifications are actually still very low and they haven't been able to do that.

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[1715271914]

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[pgbit]

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

That's a great point. The crypto market is constantly changing, and what works today may not work tomorrow. In order to stay relevant and profitable, it's important to keep up with the latest trends and continuously adapt your trading strategies.
Tips to Stay Relevant in Crypto Trading:

• Stay informed by following credible news sources, industry blogs, and experts on social media.     
• Join a trading community to keep up with the latest trends and get support from other traders. 

• Continuously learn by attending webinars, reading books, taking courses, and attending conferences.   
• Use trading tools and software to automate and optimize trading strategies.   
• Keep a trading journal to track and analyze performance, identify patterns, and adjust strategies accordingly.   

[DevilSlayer]

These are the best advices that I got from reading the trading in the zone by Mark Douglas. He said that 1st you must accept and embrace the risks, a lot of traders are having a problem analyzing the difference between a risk taker and also embracing the risks. You can be a risk taker even though you did not embrace the risks. The goal is to embrace the risks every trade. 2nd is we should be aware that anything can happen, wherein there are no guarantee trade so the 3rd will comes to play wherein we should predefine the risks in every trade. We should compute and be aware to how much money can we lose and if it is okay for us, if we did not pre define our risks then there is a chance that it may lead to financial disaster. If we folow those 3 advices we can be a consistent winner in our trading journey.

[Ziskinberg]

These are the best advices that I got from reading the trading in the zone by Mark Douglas. He said that 1st you must accept and embrace the risks, a lot of traders are having a problem analyzing the difference between a risk taker and also embracing the risks. You can be a risk taker even though you did not embrace the risks. The goal is to embrace the risks every trade. 2nd is we should be aware that anything can happen, wherein there are no guarantee trade so the 3rd will comes to play wherein we should predefine the risks in every trade. We should compute and be aware to how much money can we lose and if it is okay for us, if we did not pre define our risks then there is a chance that it may lead to financial disaster. If we folow those 3 advices we can be a consistent winner in our trading journey.

Even following those steps but apart of trading is losing. May it helps us to earn more but thinking about consistency in making a profit, that was impossible in a volatile market - experts can prove that. That is why we have this stop-loss strategy to minimize losses when missing the best position.
Risk is always there but a trader must have to carry and embrace the situation because this is the only way to help controlling our emotions. Otherwise, we are not suitable in this place.

[Japinat]

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

Your strategy will not become obsolete if you continue to develop it. The main goal in trading is to be profitable, so when you are no longer making money or are losing money, that only means one thing: change your strategy in order to be profitable. It's as simple as that.

[cute nmp]

I have been into cryptocurrency trading for almost two years now and my strategy is quite profitable,I am using basic support and resistance in combination with patterns .No strategy is perfect in trading just stick to the one that is much simpler and more consistent in order to make constant profits.

[borovichok]

I have been into cryptocurrency trading for almost two years now and my strategy is quite profitable,I am using basic support and resistance in combination with patterns .No strategy is perfect in trading just stick to the one that is much simpler and more consistent in order to make constant profits.

The factors contributing to market stability have been resistance and support, a pattern to strictly understand fully. Even though two years is not much time, the experience you gain will help you make money in the industry. In trading, experience is the most valuable instrument because it keeps most mistakes from happening again and allows for the development of novel ideas. The market dealt with me specifically during the bear season because I refused to accept the news media's downtrend lines and wanted to increase the value of the stocks in my portfolio.

[tygeade]

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

Your strategy will not become obsolete if you continue to develop it. The main goal in trading is to be profitable, so when you are no longer making money or are losing money, that only means one thing: change your strategy in order to be profitable. It's as simple as that.

That is because the market does not stay on one position so we also need to keep up with this change by modifying our existing strategy if we only have one but others have already prepared different strats so that they will not panic anymore once the market changes again but they will just switch on the other strats they have.

Trading is also an act of exchanging coins to the other but some traders goal on why they trade is like you said to be able to earn consistent profit our of it. If changing start doesn't work, that only means one thing. You should change careers now before you burn more money. There are still many ways in order to make a profit using cryptos.

[savetheFORUM]

I have been into cryptocurrency trading for almost two years now and my strategy is quite profitable,I am using basic support and resistance in combination with patterns .No strategy is perfect in trading just stick to the one that is much simpler and more consistent in order to make constant profits.

That strategy is mainly for short-term traders or scalpers who buy and sell with short price intervals, though the pattern can be useful for those who want to buy at the bottom and hold for the long term. The best strategy for the long term is simply to buy very low but with a diversified portfolio, which means your portfolio should have more coins than just Bitcoin in it.

That will diversify the profits and reduce the risks of losing all the value if the only coin fails to provide. Though almost all altcoins move alongside Bitcoin's price, it is still better to put your eggs in different baskets.

[Iadegbola34]

There's no fail-proof trading strategy. Often times, the simplest trading strategy is the best strategy. Don't over-complicate things just stick to what works and remain profitable in the long run.

[_BlackStar]

There's no fail-proof trading strategy. Often times, the simplest trading strategy is the best strategy. Don't over-complicate things just stick to what works and remain profitable in the long run.

You will only get an anti-fail trading strategy if you want to survive when it goes down and sell when it is high. Buy low and sell high, it's a simple strategy that is sure to be profitable.

But everyone seems to really agree that the strategy is not as easy as imagined, especially about how to determine low. Of course it's never easy, but when you are able and have the skills to make analysis, then you will probably earn. The most important thing is to ignore the time frame.

[Sanitough]

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

That’s the challenge in trading as our strategies won’t be working all the time and that we should upgrade them from time to time and make sure if they can still be useful or not. In times where we only see consistent losses from trading, then maybe it’s a good reason that we have to change our strategies already and work on it. Don’t wait for our trading strategies become obsolete, instead keep on learning everytime you trade and develop more strategies that would secure your profitability in trading.

[Rengga Jati]

Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

If our trading strategy is appropriate and generates lots of profits, we just have to focus on the trading strategy. This will be simpler than having to try trading strategies again which may not suit us. Maybe what we need to do is adjust a little to crypto developments, or what subject or token or token. So that our strategy can be more effective and profitable even higher. Because in my opinion, when we study more trading strategies and we become unfocused, then we will actually lose focus and can't be optimal.

[stomachgrowls]

Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

If our trading strategy is appropriate and generates lots of profits, we just have to focus on the trading strategy. This will be simpler than having to try trading strategies again which may not suit us. Maybe what we need to do is adjust a little to crypto developments, or what subject or token or token. So that our strategy can be more effective and profitable even higher. Because in my opinion, when we study more trading strategies and we become unfocused, then we will actually lose focus and can't be optimal.

This would be a never ending trial and error if we do speak about having our own strategy.We would continue to formulate one and finding on what suits our needs or something that give out positive results which is really that very common. Managing yourself into this unpredictable market is a must because being versatile is much needed which is understandable for a very random market.

You wont really be only handling out or managing your trading methods and ways but also you would need to handle up your emotions which would really be on overall thing where you do need
to handle it out.

[irhact]

But most people don't look at it because they think trading is a quick way to get profits, so they don't realize that their qualifications are actually still very low and they haven't been able to do that.

This is exactly why we have a high rate of if traders losing when trading then people making profits form their trade. Many people that get into trading thinks, it's very easy and a really quick way to become rich overnight. They only realized that all their thinking isn't correct when they start losing but have no experience to comeback form such pattern.

Majority of traders who are actively trading in the market aren't qualified to do so but because cryptocurency trading is so easy to access, they're doing so not minding the consequences that might occur when they get their trade wrong and they're also using capital that are more than they can afford to lose.

[ethereumhunter]

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

You can still make a profit by learning more about trading because the market will always change and won't be the same every day. And only people willing to learn more can improve their skills and expertise in trading to still make a profit.

But if they only copy what others do in trading, it will not always be useful for them because they will only rely on other people, while they will not always trade. That's why we learn more about trading so that we really understand how to analyze the market in all situations.

[Flexystar]

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

Zero knowledge about trading? Just go for the HODL strategy. Best on the market and the least risky as well.

You can always choose this strategy at any point of entry. All you have to do is keep DCAing everything so that you can have a lesser risk of losing money on the bear trend. Mostly I am following this because I am working and I can not always focus on trading strategies, learn it or give a lot of time on the charts. For me, it is better to just hold my portfolio and keep looking for major upward and downward trends.

I keep profiting on very low margins and just keep growing the satoshi that's all. I know in the future it will surely help me grow big.

Imagine prices going 2x or 4x in the next decade! That kinda of timeline I am talking about for the type of trade that I am doing.

[bettercrypto]

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

As long as you know how to read a trading chart, graph, it is impossible not to get profit from such activities. Then, you can get a different strategy from what other traders give tips.

      As long as you make sure that the coins you buy will not give you problems in the end, don't give coins that you can get stuck in the end because in the end you might sell at a loss, you know what that means.

[Iadegbola34]

There's no fail-proof trading strategy. Often times, the simplest trading strategy is the best strategy. Don't over-complicate things just stick to what works and remain profitable in the long run.

You will only get an anti-fail trading strategy if you want to survive when it goes down and sell when it is high. Buy low and sell high, it's a simple strategy that is sure to be profitable.

But everyone seems to really agree that the strategy is not as easy as imagined, especially about how to determine low. Of course it's never easy, but when you are able and have the skills to make analysis, then you will probably earn. The most important thing is to ignore the time frame.

No one can perfectly time the absolute bottom or absolute top of any trading pair. You would still be profitable just buying the support and selling the resistance but that also requires skill in itself. That works almost all the time, and it actually is still the simplest you can do to remain profitable after all that's the goal in the long run (PROFIT).

[indah rezqi]

I once received advice from several friends who have been trading for more than 4 years. He said "take profit 10% to 20% of every price increase cycle instead of 100% in 2 years". On second thought, this strategy also has its benefits, but he also said "don't expect you to make profit every day".

I know in the end every trader has his own strategy. Of course it doesn't matter as long as they make a profit, but it is always possible to compare several strategies so that we know which one is more profitable.