Did you know that most traders have good trading strategy?

[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!

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.

That could be argued though. Let's start by you giving me an example of a bad trading strategy that people use. Don't forget, we need to establish the difference between having a bad strategy and using the strategy badly. For me, I've not seen a bad trading strategy, but I've seen countless traders using their strategies wrongly.

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.

You are right! Additionally, they buy it possibly because they do not have the time to go through the proper channel of gaining more experience to build their strategy. Many also do not have that creativity, and they never believed in themselves.

[fikrett]

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.

Better to work out yourself than to try to make profit fast and especially by buying strats from other people.. It usually doesn't end well..

[Cryptmuster]

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.

Why did you decide that you need to buy a strategy? This is of course the same deception as buying trading signals in groups, or buying trading courses from some unknown masters gurus. Strategy is something that you must develop yourself, based on your knowledge and your experience. Many strategies are available in books without any payments, you just take, test and see what works for you.

Maybe you will take several strategies and make one that will work for you, or not, it also depends on how good a trader you are. The strategy itself cannot guarantee you success, everything will ultimately come down to you, because it is you who decides when to open and close a deal. That is, you will be the most important human factor in this strategy, which will determine success.

[EarnOnVictor]

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.

Why did you decide that you need to buy a strategy?

Perhaps you should read the post very well, I never said I bought the expensive trading strategy, it was someone else who bought that. I know better than that, and I've never paid a dime to learn how to trade. This is the smart move for those people who believe in creativity rather than gullibility.

[Strongkored]

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!

This is stupidity, how can he not use his logic properly instead of buying a trading strategy it is better to use the money as capital, that is quite a good amount for a beginner, and I think the ones who get trapped by buying a trading strategy are beginners.

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.

There is no trading strategy that will be perfect, there is always room for traders to lose, and agre that a 60% win rate is good enough, but unfortunately traders often feel dissatisfied with their profits, so they get caught up in many scam things in trading, including buying trading strategies.

[Freeveto]

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.

Your personality reflects in your trading lifestyle that's why the strategy the trader bought failed him, the strategy might require a deciplined minded person, patient and risk management approach to work but the trader isn't that kind of person, he thinks since this strategy is working for the person he bought the strategy from, it also will work for him and without understanding or knowing what principles are behind the successful using of that very strategy.

[Pandorak]

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.

I agree with what you said, we will never get success by using different strategies at every moment, use only one strategy that we think is profitable, backtest continuously to increase the win rate to be higher, and gain experience from every mistake made, because experience cannot be bought, we will only get it when dealing directly with the market.

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.

Trading psychology and money management are indeed that important, the main goal is to get used to the market, understand when the market moves uptrend, downtrend or sideaways, we know what to do, and with good money management we can minimize risk and have a greater chance of maximizing profits.

[Natalim]

Strategies, if used in a positive and its best way, can maximize its huge potentials. So it’s not surprising to see a lot of traders are actually owning good strategies as they really put their efforts to work on it.

However, success in trading is not only limited to strategies alone. Positive attitudes along with patience and positive outlook in the market can go a long way with trading. Some only use average strategies, but their positive attitudes and positive mindset help them overcome the high risk in trading, which lead them to achieve their trading success in the long run.

[LogitechMouse]

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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.

Anybody can have a good trading strategy. What every trader need is a good AND working strategy. Traders need a strategy that works for them depending on how they're trading. Of course, different traders have different strategy. There are some that are using trendlines, there are some that are using moving averages and many more.

Speaking of winning, I've seen a post on Facebook days ago where his win rate is only around 33%. Sounds low right? But if you will look at his risk to reward ratio, it is around 1:4 RR so in short, in his 4 trades, he can afford to lose 2-3 on those trades and still end up making profit. There are some who have different Risk-to-Reward Ratio, but at the end of the day, what matters is we are making money.

Psychology, and Risk Management. 2 of the things that every trader must have, but in reality, it's hard to apply it especially if you're a newbie. Even I have some problems in the psychology part because there are times where I'm very impatient with my trades, but slowly, I'm learning from it.

[slaman29]

Not really short and simple @Earnonvictor

I'm going to start advicing people giving out advice now because I think we all really need to start speaking truths on this trading section.

You come up with a great idea? Great advice? No need to start a new thread UNLESS you actually have some record or history of proof to show what you implemented had actual results.

I'm also shocked you have a friend who has $3700 to burn. You must have rich but stupid friends

[maydna]

Buying other people's trading strategy will not always work so that will not recommend. It is better they learn how to make their own strategy so they can develop their skill to be better. They don't have to buy the trading strategy because they can analyze the market.

It will be better if they can have their own strategy to trade because they will learn many things related to trading. You should suggest your friend not doing that because that is just waste your friend's money. But it seem, you have a rich friend so he decide to buy the strategy.

But if your friend can learn how to analyze and you also teach him, he will see that he doesn't need to use other people strategy. He can make his own trading strategy anytime without paying to anyone.

[Swapter.io]

It’s not the strategy that makes a trader — it’s the ability to use it effectively. Every trader has their own fit, though a few core strategies are commonly used. What matters is finding the one that suits you and working to improve within it, maybe even adapting it to your personality and finances. But hoping there's a strategy out there that guarantees 100% profit... I’m afraid that doesn’t exist — though I wouldn’t mind knowing about it if it did

[dunfida]

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.

People just wanted up on the shortcut way and thats why they would be that trying out to purchase some strategies or following up some gurus on telling them on what they should gonna do or the strategies that actually its been that recycled and put up a new name to make it look unique but actually all of those strategies being sold are actually can be seen online for completely free. It is really just that people are just that too lazy enough on trying out to search up on things and since they do have some money into their pockets then they would really be that eventually going for the simplier side on which they wont be putting up any effort on trying to look up on things as long they can be able to purchase and believe that it could help them out then they would actually be doing it. It all matters about using up your own sense because usually people do made out some learnings when they do face up some unfortunate conditions before they can make out some realizations on which they can actually be able to avoid it out early if they are just sensible.

There are tons of strategies out there and it will be that up to you on how you would be that applying it those into your trading. The key on here is that you do really know on how to make use of those strategies and come to think that there's no such thing about 100% precise strategy on which just like on what you've said that strategies are just that being used on how you do apply it out towards market movement but the rest of factors on which could also affect out trading results will be your psychology and same goes with risks management on which it will be that very important to consider.

[EarnOnVictor]

Not really short and simple @Earnonvictor

I'm going to start advicing people giving out advice now because I think we all really need to start speaking truths on this trading section.

You come up with a great idea? Great advice? No need to start a new thread UNLESS you actually have some record or history of proof to show what you implemented had actual results.

I'm also shocked you have a friend who has $3700 to burn. You must have rich but stupid friends

It seems someone just woke up on the wrong side of the bed or is intoxicated by something--who cares!

Perhaps the market has taught you the hardest lesson of your life...hahaha. Haven't you read the warning about not investing the amount you can't afford to lose? The ignorance of that lesson must be so bitter for you to have believed everyone is a loser like you, to have warranted your 100% pessimism, which is a big shame.

If you must know, trading sorts a substantial amount of my bills despite taking it easy. If I'd thought cowardly like you in over 10 years of failing, I wouldn't have achieved this.

[yhiaali3]

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!

Oh my God, this is several times more than my entire trading capital.

For me, I wouldn't spend a penny buying a trading strategy because it's a waste of money. If a trader doesn't possess the qualities that make them a successful trader, no strategy, whether paid or free, will work for them.

After years of trading experience, I've learned to build my own flexible strategy and adjust it according to market changes.

Cultivating a trader's personal qualities is also extremely important.

[slaman29]

Not really short and simple @Earnonvictor

I'm going to start advicing people giving out advice now because I think we all really need to start speaking truths on this trading section.

You come up with a great idea? Great advice? No need to start a new thread UNLESS you actually have some record or history of proof to show what you implemented had actual results.

I'm also shocked you have a friend who has $3700 to burn. You must have rich but stupid friends

It seems someone just woke up on the wrong side of the bed or is intoxicated by something--who cares!

Perhaps the market has taught you the hardest lesson of your life...hahaha. Haven't you read the warning about not investing the amount you can't afford to lose? The ignorance of that lesson must be so bitter for you to have believed everyone is a loser like you, to have warranted your 100% pessimism, which is a big shame.

If you must know, trading sorts a substantial amount of my bills despite taking it easy. If I'd thought cowardly like you in over 10 years of failing, I wouldn't have achieved this.

Lol yeah, no I do read the trading sub here a lot (used to also trade) but I think there's less and less interesting or helpful things, especially because of my experience, I really want traders or newbies to understand how shitty it is for them. Advice always suggests to them that they can profit and they can do well.

But without hard proof, hard evidence. Traders can only guess. If we all make a big effort to actually when giving strategies, to also provide backup, we can change the way we 'teach' people.

I don't believe everyone is a loser like me, I know for a fact most people (reading this forum) are.

Guys like you claim a lot, but show nothing... what you do show is you are still earning small money on sig camp like me. What is the conclusion of this? The forum is full of optimism, nobody wants to say the truths.

No hard feelings, change my mind with hard proof.

[EarnOnVictor]

Not really short and simple @Earnonvictor

I'm going to start advicing people giving out advice now because I think we all really need to start speaking truths on this trading section.

You come up with a great idea? Great advice? No need to start a new thread UNLESS you actually have some record or history of proof to show what you implemented had actual results.

I'm also shocked you have a friend who has $3700 to burn. You must have rich but stupid friends

It seems someone just woke up on the wrong side of the bed or is intoxicated by something--who cares!

Perhaps the market has taught you the hardest lesson of your life...hahaha. Haven't you read the warning about not investing the amount you can't afford to lose? The ignorance of that lesson must be so bitter for you to have believed everyone is a loser like you, to have warranted your 100% pessimism, which is a big shame.

If you must know, trading sorts a substantial amount of my bills despite taking it easy. If I'd thought cowardly like you in over 10 years of failing, I wouldn't have achieved this.

Lol yeah, no I do read the trading sub here a lot (used to also trade) but I think there's less and less interesting or helpful things, especially because of my experience, I really want traders or newbies to understand how shitty it is for them. Advice always suggests to them that they can profit and they can do well.

Of course, your tone was caused by your experience, especially how people sell/share too-good-to-be-true products and services online, and some would encourage others just to have more views on their channels. Regardless, trading success is real for some. I opened this thread based on my experience with people's wrong mindset about trading, their overdependence on strategies rather than working on and complementing it with the right psychology and management. I tell you, this is a serious problem than people think.

But without hard proof, hard evidence.

Asking for proof means you are not deeply rooted in trading. Traders can give you many proofs and still fail, we see that daily. What you need is to train with that advice and see if it truly works. So long is free, why not? You can also start with as little as $10 or less to try it out. That's why we have cent accounts with brokers. But first, you learn about the subject matter so as to apply it rightly.

[slaman29]

But without hard proof, hard evidence.

Asking for proof means you are not deeply rooted in trading. Traders can give you many proofs and still fail, we see that daily. What you need is to train with that advice and see if it truly works. So long is free, why not? You can also start with as little as $10 or less to try it out. That's why we have cent accounts with brokers. But first, you learn about the subject matter so as to apply it rightly.

Trust but verify. Its just we're in crypto. If a man claims he is satoshi, he signs an address. If a man claims he has found a way to crack BTC he must show proof.

If a gambler in subs says he makes profit daily from a system. Proof.

If a trader says he makes profit from a strategy. Proof.

Like you said, we see it daily. They actually end up providing proof to themselves their strategies will sooner or later fail.

My point is, we all sell success as something as easy as 'follow this strategy'. But we don't tell the truth in that you most likely will fail, because almost all of us are not equipped. Knowledge is easy to learn. Discipline and bad behaviour on your part, psychology etc is not at all easy to stick to. If I save even 1 guy from not trading by reminding them of this truth, I feel I did my part.

Good luck, hope you keep profiting as you say

[Oluwa-btc]

Did you know that all strategies are definitely bound to work, it’s just that you have to choose the best strategy that will perfectly suit for you. All strategies are actually good, it only matters how these traders apply these strategies into their own trades, that’s why the outcomes are different. Some are used in a positive way, while those who turn into losses are most likely used in a wrong way.

It's can be confusing at the end of the day that traders with a well mapped out strategy eventually fails and fall out because of bad risks control.According to feedbacks and reviews gotten from consistent traders, every trader must have a strategy,but the said strategy can't work if the trader doesn't follow up with harder discipline.Generally,good traders and strategies cannot really progress far while using impatience as it only ruins the success of the strategy.

[EarnOnVictor]

But without hard proof, hard evidence.

Asking for proof means you are not deeply rooted in trading. Traders can give you many proofs and still fail, we see that daily. What you need is to train with that advice and see if it truly works. So long is free, why not? You can also start with as little as $10 or less to try it out. That's why we have cent accounts with brokers. But first, you learn about the subject matter so as to apply it rightly.

Trust but verify. Its just we're in crypto. If a man claims he is satoshi, he signs an address. If a man claims he has found a way to crack BTC he must show proof.

If a gambler in subs says he makes profit daily from a system. Proof.

If a trader says he makes profit from a strategy. Proof.

Proof, proof, proof, no one is proofing anything to you here, for what? This is by choice. But it only means you cannot go far in trading. It's your choice, but when someone is advising you on trading without asking you to bring anything or even tell you to use a certain indicator or strategy, you should at least try it. Virtual accounts are there, it's part of the training. Failing is still not a failure until you stop trying, and as you are now, it's clear you've accepted a defeat...Good luck on that.