Did you know that most traders have good trading strategy?

[Botnake]

First and foremost, you cannot go into trading without using a strategy. So it’s good to say that all strategies are made to make it work and help us succeed in the end. However, we need a well-defined trading strategy that will help us to stay disciplined, execute proper risk-management, and have a successful trading career in the long run. Otherwise, if we only rely on random strategies that are available, we may not see those best results we want to achieve when we are trading.

[sheenshane]

Those simple strategies you undermine are enough for you if you work on yourself. I was shocked when I realised someone bought a trading strategy for $3,700...oh my God! And guess what, it failed him, what a waste!

Then, upon buying that strategy, he/she already lose the initial amount plus an additional loss from trading, and it feels like hitting a double-edged sword.  Not all effective trading strategies will succeed, and any trading strategy will experience losing trades at some point.  This is due to the fact that markets are influenced by countless unpredictable factors, such as news or events that could lead in various directions.

Therefore, it's ineffective if you rely solely on one strategy.

[ShowOff]

First and foremost, you cannot go into trading without using a strategy. So it’s good to say that all strategies are made to make it work and help us succeed in the end. However, we need a well-defined trading strategy that will help us to stay disciplined, execute proper risk-management, and have a successful trading career in the long run. Otherwise, if we only rely on random strategies that are available, we may not see those best results we want to achieve when we are trading.

There is no strategy that guarantees traders consistent profits in the long term, all of these strategies are just tools to increase the chances of making a profit. The most reliable simple strategy is to buy when the price is down and sell when the market recovers, if it does not recover and goes down deeper, then use DCA and accumulate. Profit cannot always be taken in a day, sometimes it takes a few days to get it, it must be done patiently and not in a hurry.

So far I don't rely on other people's strategies to apply in trading, I will rely on myself and practice it. It doesn't matter if I have to make some adjustments when the market is not going my way, I have a plan ready in the beginning and usually it can really help. Other people's strategies can change our trading style, so it is possible to mess everything up and actually lose because of it.

[mirakal]

Reality is, strategy alone cannot guarantee all time profitability, no matter how good or reliable it is. We need more than that. While traders seem confident whenever they land into a good strategy, but if they don’t have the required knowledge and real-life experiences in trading, they will never be successful traders in the long run. Positive attitudes also count. If you are not well-disciplined and patient, you will only mess up with your trades and lose your capital in trading.

[Fundamentals Of]

Many are chasing certainty. It does not exist in trading. Many are running after big money that comes constantly. That is not at all possible in trading. No trader is always right. Even the best traders out there are not winning all the time. If they want to be Nostradamus, they should get out of trading. They won't be effective there.

I think many have fallen victims to the sweet talks of self-proclaimed master traders who are selling expensive strategies, subscriptions, bots, etc. If they're truly successful traders they should not be selling fake products.

[Queentoshi]

A good trading strategy is important, but what traders need to succeed is not an absolute strategy that gives 100% winning. A 60% winning strategy is okay if you can work on your trading psychology and money/risk management. As simple as the two are, they've reshaped my trading results for good.

Reshuffle that mindset and see the result in months.

The idea that is a strategy better than your own strategy is what has made many traders keep chasing after new strategies even some going as far as paying for it. All strategies are effective depending on your knowledge of it, because the strategy that you think is not working is what a trader somewhere is applying to that trade and getting results. If you are introduced to a certain strategy, I think it is very important that you try your best to gain complete mastery of it because then and then only can you actually benefit and profit from it.

If a strategy you have suddenly starts becoming ineffective in the market before you consider changing to a new strategy it is important you try to find out the problem with your strategy and why it is failings to see if corrections can be made, or an entire change is needed.

[shield132]

I will keep this short and simple--and this post is to open our trading understanding a little.

As the title reads, oh yes, it's true, but they still lose. They are busy chasing a better strategy that can only exist in their imaginations, thereby losing focus, and then style drifting.

Those simple strategies you undermine are enough for you if you work on yourself. I was shocked when I realised someone bought a trading strategy for $3,700...oh my God! And guess what, it failed him, what a waste!

A good trading strategy is important, but what traders need to succeed is not an absolute strategy that gives 100% winning. A 60% winning strategy is okay if you can work on your trading psychology and money/risk management. As simple as the two are, they've reshaped my trading results for good.

Reshuffle that mindset and see the result in months.

Trading has the most basic rules and those rules are - buy low, sell high. If you do not trade with speculative altcoins and have a good patience, you'll succeed in Bitcoin trading. I don't know what kind of strategy someone can build besides what I said because I don't believe in predicting the future according to charts because you never know what's going to happen with Bitcoin and every time I followed charts, I went in the wrong direction. Trading charts are only good indicators when you see monthly charts instead of daily charts. Btw by sticking buy low and sell high strategy, in Bitcoin trading everyone will succeed because I have one basic rule, Bitcoin is always going to reach and surpass its all time high price.

[EarnOnVictor]

Those simple strategies you undermine are enough for you if you work on yourself. I was shocked when I realised someone bought a trading strategy for $3,700...oh my God! And guess what, it failed him, what a waste!

That’s just plain greed.

I don't see greed here, but gullibility and inexperience.

It is not clear to me that the strategy is a good one if most of them end up losing money.

Many factor contributes to the failure of tradera, and this is possible even if they use the trading strategy with 90% winning.

Losing by using a strategy doesn't mean the strategy is a failure in most cases, the management and psychology of the trader may go wrong. And in my long years of trading, I've not seen any inbuilt indicators and strategies that will make you win 50%, they are all above that if the trader develops a good pattern of trading and use the right money/and risk management to cover-up for its inadequacies amidst a balanced psychology of trading.

Did that person hypnotically buy the strategy for $3700? It's like he's convinced that there's a trading strategy that's 1000% accurate... even though we know there's no such thing.

This thing is not hidden, and he doesn't have to do a personal conviction, but the usual holy grail capability they preach on their website. I've even read that some people bought the strategy worth $5,000. I believe it's those rich people buying that.

[Dr.Bitcoin_Strange]

Those simple strategies you undermine are enough for you if you work on yourself. I was shocked when I realised someone bought a trading strategy for $3,700...oh my God! And guess what, it failed him, what a waste!

A good trading strategy is important, but what traders need to succeed is not an absolute strategy that gives 100% winning. A 60% winning strategy is okay if you can work on your trading psychology and money/risk management. As simple as the two are, they've reshaped my trading results for good.

Reshuffle that mindset and see the result in months.

You are right, mate. Last year, I was trading with just a common strategy (support and resistance) and I was winning my trades quite often but I became greedy and it cost me all my money, I tried again and same thing happened, I thought it was the strategy I was using so I switched to another strategy (supply and demand) but yet the strategy was not also giving successful trade all the time. During that last year, I tried three different strategy which was very perfect but I was the reason why I kept blowing my account.

There's no strategy that works 100% because the market movement can be too volatile sometimes and will not respect any strategy at that point. Those that spend huge amount to buy strategy, I wonder why they do that when the strategy can not still produce a positive result all the time.

[crwth]

What kind of strategy caused that much damage in a wallet, and is it a failure? Can you provide who did that, and maybe I could check and learn why it didn't work? I guess this strategy might be specific to a particular type of market, where there is the bull market and the bearish market.

A strategy is very good when it is adaptable, and I think the best thing is to be consistent as well. We all should know that trading is also a probability, and you could still lose just because the market is unpredictable. We are just increasing our chances with technical analysis.

[Oshosondy]

What kind of strategy caused that much damage in a wallet, and is it a failure? Can you provide who did that, and maybe I could check and learn why it didn't work? I guess this strategy might be specific to a particular type of market, where there is the bull market and the bearish market.

I think he knows some people that are trading and also following the statistical report of traders that are winning and losing which are approximately 15:85 according to many researches about trading. That makes it a good question but not about just a single trader but about traders generally because many of them learn about trading, technical and fundamental analyses but losing. Traders have different strategies.

[Finestream]

From my personal understanding, since we are trading in an unpredictable market, no matter how strategic our strategies are, losses are still uncontrollable. Though it can be limited, but we can’t stop those losses completely. So the key here is not really to avoid those losses, but to embrace them instead as they are actually part in trading. Just learn to minimize them and maximize the returns after a trade is completed.

[dezoel]

Someone who would pay $3,700 to buy a trading strategy is among those who would pay someone to join their signal group to get trading signals. These are all just a waste of money when a person can do trading successfully without doing any of these things but it's all about understanding.

It also depends on how much confidence one has in themselves and their mental abilities because if you believe that you can do something, you will do it no matter how difficult it is because you will focus and learn everything that's necessary for you to succeed in that thing, but if you believe you can't do it without support, it means you are not confident and then you won't be able to do it for sure.

People who spend so much money on these things can add that money into their trading capital and make more money once they learn trading, and one doesn't need signals or a bought strategy to become profitable in trading but one needs knowledge about the market and trading practices to gain success in this field, a strategy comes later, knowledge about the market and trading itself comes first. People often mess up the ordering of these things.

[EarnOnVictor]

The idea that is a strategy better than your own strategy is what has made many traders keep chasing after new strategies even some going as far as paying for it.

That is true, it's greed. They will never be content with their strategies, especially if the strategy is simple. They might believe that those complex ones that will complicate trading for them are better, not knowing that the right use of the simple ones is even the best.

There is no strategy that guarantees traders consistent profits in the long term, all of these strategies are just tools to increase the chances of making a profit. The most reliable simple strategy is to buy when the price is down and sell when the market recovers,

As you said, no strategy can guarantee success, not even the buy low and sell high strategy you advised. Many have witnessed the buying of the low that the market just started selling at that time. The same has happened countless times when the trader sells at a higher price. This is why I advise traders to shift their focus entirely from the strategy to help them enter the market, but rather focus more on the psychology and managerial aspects of trading.

In addition, the right entry and exit are crucial to the success of your strategy, and it's where some traders are even more guilty, not their trading strategy's fault.

[knowngunman]

Not just in trading but even in gambling too, you see people giving so much value and importance to bought strategies order than those ones they had to gradually build by themselves. And I see why. It's because the source from which they bought those strategies designate themselves to be professionals and expert in the niche and they get overrated and whatever they give out sells even though it still fails.

Perhaps if people can get to be patient with the strategies they are cultivating by themselves they can strengthen and understand it much better with bigger results flowing through than those they dare to buy.

It's due to lack of self confidence 

Some traders are even more expert than those whom they get the strategy from but they have lost self confidence to trust their own strategy. I experienced same thing with gambling those days where we get games from others thinking they're better than us. We went as far as paying for games but still ended up losing before we realised they were not in any way better than us. When we play by ourselves, we win some and lose same. The same thing is applicable to trading here. Of course, there are people who are naturally better than us in this field but we must note that they're not absolutely wizard and their strategy can still fail us.

[SOKO-DEKE]

I will keep this short and simple--and this post is to open our trading understanding a little.

As the title reads, oh yes, it's true, but they still lose. They are busy chasing a better strategy that can only exist in their imaginations, thereby losing focus, and then style drifting.

Those simple strategies you undermine are enough for you if you work on yourself. I was shocked when I realised someone bought a trading strategy for $3,700...oh my God! And guess what, it failed him, what a waste!

A good trading strategy is important, but what traders need to succeed is not an absolute strategy that gives 100% winning. A 60% winning strategy is okay if you can work on your trading psychology and money/risk management. As simple as the two are, they've reshaped my trading results for good.

Reshuffle that mindset and see the result in months.

It is not easy to make it in trading without a good strategy, and that is the reason why some traders are always looking for any way to get a good trading strategy so it can ease their way of making profits. It is also among the reasons why some of these traders don't care how much they have to spend to get a good strategy. It is known that a strategy can't give a 100% way to make profits from trading, but I can say that with a good strategy, a trader always has a high chance of making profits. In fact, most of these big traders who always trade with large amounts of funds always have good strategies, and some of them even buy them. Even a trader who went ahead to buy a strategy for $3,700 may not be an inexperienced trader. And even if it’s an inexperienced trader, they may have a good reason for buying the strategy with that kind of money. But the worst thing that can happen is that they buy the strategy and lose. It’s really bad. The money spent to buy the strategy for $3,700 may not be the problem, but the amount they may lose in trading by using the strategy is the real issue. Because the person who can afford to buy a trading strategy for $3,700, only God knows how much it might lose.

[Issa56]

Those simple strategies you undermine are enough for you if you work on yourself. I was shocked when I realised someone bought a trading strategy for $3,700...oh my God! And guess what, it failed him, what a waste!

Do people pay for strategy? All I know that people pay for is trading signals, and I don’t really know people do go to the length of paying for trading strategy. If you know you can’t take your time to learn how to trade, then why going into trading? Take your time to learn how to trade, and discover the best trading strategy that works for them, instead of going around and be looking for signals, or buying other people’s strategies that might not work for them.

We should know that other people’s strategy might not really work for us, if you really want to make money from trading, and you don’t want to learn to do your analysis yourself, then you are not ready to make money from trading, you are definitely going to be losing, because most of this signal providers are fake, and other people’s trading strategy won’t really work for you.

[Lida93]

Not just in trading but even in gambling too, you see people giving so much value and importance to bought strategies order than those ones they had to gradually build by themselves. And I see why. It's because the source from which they bought those strategies designate themselves to be professionals and expert in the niche and they get overrated and whatever they give out sells even though it still fails.

Perhaps if people can get to be patient with the strategies they are cultivating by themselves they can strengthen and understand it much better with bigger results flowing through than those they dare to buy.

It's due to lack of self confidence 

Some traders are even more expert than those whom they get the strategy from but they have lost self confidence to trust their own strategy. I experienced same thing with gambling those days where we get games from others thinking they're better than us. We went as far as paying for games but still ended up losing before we realised they were not in any way better than us. When we play by ourselves, we win some and lose same. The same thing is applicable to trading here. Of course, there are people who are naturally better than us in this field but we must note that they're not absolutely wizard and their strategy can still fail us.

Yeah I could agree with you that this attitude could be attributed to a lack of confidence on the part of the trader hence their dependence on paid trading signals and strategies. Limited trading knowledge could  be an issue too but that doesn't mean that one can't develop the trading skills if they dedicate time with the right tools in learning.

Consequently, a lot of those that sells out these signals don't even use it, they're rather feeding off from the money people pay for the signals and strategies they selling.

[AmoreJaz]

Those simple strategies you undermine are enough for you if you work on yourself. I was shocked when I realised someone bought a trading strategy for $3,700...oh my God! And guess what, it failed him, what a waste!

Do people pay for strategy? All I know that people pay for is trading signals, and I don’t really know people do go to the length of paying for trading strategy. If you know you can’t take your time to learn how to trade, then why going into trading? Take your time to learn how to trade, and discover the best trading strategy that works for them, instead of going around and be looking for signals, or buying other people’s strategies that might not work for them.

We should know that other people’s strategy might not really work for us, if you really want to make money from trading, and you don’t want to learn to do your analysis yourself, then you are not ready to make money from trading, you are definitely going to be losing, because most of this signal providers are fake, and other people’s trading strategy won’t really work for you.

Those who opt to pay someone for that strategy are those who want to earn profits fast. Because they thought, the strategy will also work on their end. However, it doesn't work all the time as each project is different from one another. You need to have a good grasp to understand what's happening with the coin. So you won't be executing your trade blindly.
It is still best to learn the ins and outs of trading on your own. It will be your skill that no one can remove from you. Because once you acquired such skill or knowledge, it will be like lifetime that you can use it to your advantage. Now, if you will rely on a third party trader, you will find yourself relying on him every time you want to execute a trade. You feel, you just can't do the trading without him. So much better to start early on your own, rather than be dependent on others all the time.

[justdimin]

Those simple strategies you undermine are enough for you if you work on yourself. I was shocked when I realised someone bought a trading strategy for $3,700...oh my God! And guess what, it failed him, what a waste!

A good trading strategy is important, but what traders need to succeed is not an absolute strategy that gives 100% winning. A 60% winning strategy is okay if you can work on your trading psychology and money/risk management. As simple as the two are, they've reshaped my trading results for good.

Reshuffle that mindset and see the result in months.

I can promise you that not everyone has a good strategy. So it is clear that paying for anything like that would make sense, you shouldn't do it. So you are right, if you have a strategy that makes you money, no matter how little, keep it and keep going. Because if you end up making money with what you have, you won't need anything else and you are going to do a good job. If you keep trying to find something bigger and better then you are going to end up losing more often than win.

Because remember, if you are searching for a better strategy, it will be mostly worse strategy that you will lose money on, until you find a good one. You can't just have a good strategy, and keep finding better and better and better, you will end up losing mostly until you find a better one, and that means you are going to lose money. If you have one decent strategy, keep at it.