Did you know that most traders have good trading strategy?

[$weetne$$]

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.

People buy course for that amount because they think that the people selling the course will actually put their real strategy in the course forgetting that most people would not give your their secret but will keep giving you hope that if you follow their guidance that you will become successful as them but in reality, they either do not have any strategy to sell or what they will be telling you is something that you already know. People are just hopeless and if you check out those buying this course, alot of them, this is not the first course that they have bought on trading. Most traders do not have a good trading strategy but what they are doing is just copying strategy that they think are the best but they are not. Alot of people are getting deceived regularly because of this trading strategy.

[slaman29]

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.

Wow, amazing. So have you tried out every single strategy people are advising on this forum (especially the ones people just open threads about, with no evidence whatsoever that they actually were successful with that trade or strategy).

If you have, well done, you would make a great person to join all the spam groups who used to message me daily to give me great advice about trading success.

Go on and open more threads about strategies without actual evidence you do what you say. Who needs proof, as you say. Just post and say you're successful and trading keeps you comfortable, the way you're telling me. But when you have time, find the threads where people actually show charts and trading examples with their advice. Maybe you'll understand that's better than random word vomit of 'hey do this, this makes you a good trader'.

I definitely accepted my defeat long ago. I'm here to prevent others from falling for this kind of false reflections of trading. Good luck to you too. No hard feelings like I said, it's nice to banter in Trading at least finally someone responded. Most people post advice and disappear. Seriously, from bottom of my heart, good luck

[EarnOnVictor]

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.

Wow, amazing. So have you tried out every single strategy people are advising on this forum (especially the ones people just open threads about, with no evidence whatsoever that they actually were successful with that trade or strategy).

I talked generally about trading strategies, based on my vast experience with them and people, especially the losers. If you have any indicator/strategy in mind, let me evaluate it for you. I don't think there's any of them that I don't know, or haven't trained with, unless it's a custom one. And guess what? They all use the same principle. They only use codes to make it look different (custom) so that they can sell it to people. That's why I am sure they are not bad if the trader trains correctly with them, builds a good trading system and plans with them, which entails the proper money/risk management. And the trader's psychology must be balanced, with a determined mind.

I definitely accepted my defeat long ago. I'm here to prevent others from falling for this kind of false reflections of trading. Good luck to you too. No hard feelings like I said, it's nice to banter in Trading at least finally someone responded. Most people post advice and disappear. Seriously, from bottom of my heart, good luck

Hahaha...I envy your discouragement, I love that. Good luck once again, and like I tell people (to dissuade them from trading at times): You made the right decision. Never you go back to it, please, it is dangerous!

[melinoe]

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.

People buy course for that amount because they think that the people selling the course will actually put their real strategy in the course forgetting that most people would not give your their secret but will keep giving you hope that if you follow their guidance that you will become successful as them but in reality, they either do not have any strategy to sell or what they will be telling you is something that you already know. People are just hopeless and if you check out those buying this course, alot of them, this is not the first course that they have bought on trading. Most traders do not have a good trading strategy but what they are doing is just copying strategy that they think are the best but they are not. Alot of people are getting deceived regularly because of this trading strategy.

You either lead the way or follow the rest.

The ocean (market) still does what it wants

[justdimin]

I talked generally about trading strategies, based on my vast experience with them and people, especially the losers. If you have any indicator/strategy in mind, let me evaluate it for you. I don't think there's any of them that I don't know, or haven't trained with, unless it's a custom one. And guess what? They all use the same principle. They only use codes to make it look different (custom) so that they can sell it to people. That's why I am sure they are not bad if the trader trains correctly with them, builds a good trading system and plans with them, which entails the proper money/risk management. And the trader's psychology must be balanced, with a determined mind.

That is the trick for the influencers or strategy sellers. You can do it yourself, it doesn't require much talent, and doesn't even require months and years of training neither. You can do it yourself and all you have to do is just make sure that you are doing a good job with the studying so you know what you are doing when you are building one.

I am sure that you have some good ones and know them all, because you have been here long enough, us people who have been here long enough, have seen it all, and even tested most of them. I personally feel like I have done so many testing that I could be used as data for some AI lol. If anyone really wants to buy some strategy, they should instead use that money for capital instead and build their own.

[rachael9385]

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.

Having a good trading strategy cannot be overemphasized but what most people don't say is that it's very difficult to build a strategy. You must learn not to rush the process, trading isn't a ponzi scheme, you can't make quick money from it. Some traders go through multiple succession of failures to come up with a Trading strategy. Take note that this isn't a function of luck but It's a reflection of your inputed efforts.

[adultcrypto]

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.

A 60% is an exceptional trading strategy provided the risk to reward ration is atleast 1:3. What you need as a trader is a trading strategy that is at least 50% win rate for a 1:3 risk to reward to see your equity curve move exponentially. One important thing about trading is also the fact that trading is mostly psychology and little of strategy because most of the strategies work but their application is what makes the difference. Armed with sound trading psychology and a good trading strategy,  a trader is bound to succeed.

[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.

Having a good trading strategy cannot be overemphasized but what most people don't say is that it's very difficult to build a strategy. You must learn not to rush the process, trading isn't a ponzi scheme, you can't make quick money from it. Some traders go through multiple succession of failures to come up with a Trading strategy. Take note that this isn't a function of luck but It's a reflection of your inputed efforts.

I think the profitability is what you are mistaken for building trading strategies, they are two different contexts, my friend.

You only complicate things with what I deduced from you. First, a trading strategy is easy to get, it now depends on how they train with it. So it is their fault if they don't get it on time. Is it trendline, Price action, Fibonacci, and many other trading indicators and strategies? They are all there even before the traders were born, so why is it not easy to get?

However, it is not an automatic ticket to success, which is what you are misrepresenting.

[Frankolala]

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!

Trading is for all but it's not everyone that will be a good trader. Some people believe that they can be good traders but they fail to give their time in knowing which strategy will work for them. My trading strategy might work for me but wouldn't work for you and that's why I am not surprised at the loss of the guy who bought that trading strategy. If trading isn't working for you just quit, it's not a do or die thing.

[Questat]

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!

Trading is for all but it's not everyone that will be a good trader. Some people believe that they can be good traders but they fail to give their time in knowing which strategy will work for them. My trading strategy might work for me but wouldn't work for you and that's why I am not surprised at the loss of the guy who bought that trading strategy. If trading isn't working for you just quit, it's not a do or die thing.

That only proves that trading isn’t the thing for all. While everyone can try it, but only those who have sufficient knowledge, enhanced skills and strategies who will survive in the end.

Also, sometimes there are those traders who have good working strategies but then they started to lose, they easily lose their patience and quit trading after. Not knowing that trading requires a lot of patience more than knowledge and skills in order to successfully trade in the long run.

[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!

Trading is for all but it's not everyone that will be a good trader. Some people believe that they can be good traders but they fail to give their time in knowing which strategy will work for them. My trading strategy might work for me but wouldn't work for you and that's why I am not surprised at the loss of the guy who bought that trading strategy. If trading isn't working for you just quit, it's not a do or die thing.

Reading what you wrote, I suppose you wanted to say that: trading is open for all, but it is not meant for all.

I guess that reconstructed sentence is a better fit for the situation. We are different individuals, and the earlier we know and admit it, the better for us. Some people are built for this kind of risk and expertise, but many would faint even without taking their time to learning more, not to mention give their best.

[DannyKhalifa]

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.

A lot of people don't only chase better strategies but bigger gains as well, like they wouldn't trade BTC, they would choose alt coin because they offer higher % gains, however they dump most of the times, but they try to ignore this fact.
90% indeed have no strategy and no plan. Which is why they stick to their trades, they either don't take profits or don't close the trades to brag about it and it always ends up in losses.
Like people bought doge coin made millions and never sold, they chased money, made money and still did not realized the profits because took it too easy but they only got lucky, and this state of mind can pursue you for the next few years trying to make that big shot again and fix everything but things just go worse from that point on.

[tvplus006]

Trading is for all but it's not everyone that will be a good trader. Some people believe that they can be good traders but they fail to give their time in knowing which strategy will work for them. My trading strategy might work for me but wouldn't work for you and that's why I am not surprised at the loss of the guy who bought that trading strategy. If trading isn't working for you just quit, it's not a do or die thing.

In the process of trading, a trader has been tested a huge number of different trading strategies, from which the trader chooses several suitable ones. BH what is suitable for one trader does not mean that this trading strategy is suitable for another trader.

[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.

A lot of people don't only chase better strategies but bigger gains as well, like they wouldn't trade BTC, they would choose alt coin because they offer higher % gains, however they dump most of the times, but they try to ignore this fact.
90% indeed have no strategy and no plan.

Going by your explanation, I disagree that 90% of traders do not have a trading strategy, they do, it's either that they are not satisfied with their trading results, or are so greedy, or are not observing the right money/risk management and/or have psychological issues with trading. I continue to challenge traders to work more on their strategies' accuracy (in percentage) to ascertain their capacity for better planning. If that strategy can boast of at least 50% winning, then they can still be successful with the right psychology if at least a 1:2 risk-to-reward ratio is used to help the shortcomings of the strategy.

[Kelward]

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.

People buy course for that amount because they think that the people selling the course will actually put their real strategy in the course forgetting that most people would not give your their secret but will keep giving you hope that if you follow their guidance that you will become successful as them but in reality, they either do not have any strategy to sell or what they will be telling you is something that you already know. People are just hopeless and if you check out those buying this course, alot of them, this is not the first course that they have bought on trading. Most traders do not have a good trading strategy but what they are doing is just copying strategy that they think are the best but they are not. Alot of people are getting deceived regularly because of this trading strategy.

Paying for course strategies on trading and relying on signal groups solely for your trading cannot make you a good trader. These so called professional traders that dishes out courses will not reveal their main secrets to being successful traders, after learning from them you still need to figure out how to be a profitable trader. I agree that you need to be in the right frame of mind and understand bankroll management to actually succeed in trading. You need to master patience and learn how to use small amounts to enter trades to minimize huge loses, if you understand the technicalities and fundamental analysis but without the right attitude and money management you might not be a successful trader.

[davis196]

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! Huh And guess what, it failed him, what a waste!

It's funny how the "snake oil salesmen" never run out of buyers. There will always be people buying online courses, which promise them "the ultimate strategy" to become rich fast and with a few clicks. Why would someone buy a "trading strategy"? All trading strategies can be learned for free.
I don't believe that most traders are following a good strategy. If this was true, the amount of traders making consistent money on the markets would have been way higher than 15%. I have the feeling that at least 80% of the traders on the market don't know what they are doing or they are just simply failing at timing the market.

[justinlamode]

Trading is for all but it's not everyone that will be a good trader. Some people believe that they can be good traders but they fail to give their time in knowing which strategy will work for them. My trading strategy might work for me but wouldn't work for you and that's why I am not surprised at the loss of the guy who bought that trading strategy. If trading isn't working for you just quit, it's not a do or die thing.

In the process of trading, a trader has been tested a huge number of different trading strategies, from which the trader chooses several suitable ones. BH what is suitable for one trader does not mean that this trading strategy is suitable for another trader.

This is correct to some degree because I do know that there are good trading strategies that when applied correctly by different people will likely produce the same result. The only challenge is in the application because not every one will be disciplined or patient to wait for all the entry signals to align before pulling the trigger, maybe this is where the personality of the trader is checked and what makes it appear like the strategy is suitable for one person and not suitable for the other. But the important thing to note is that without the discipline to wait, it is very difficult to make progress in trading because there is a saying that "waiting itself is a trading strategy".

[gunhell16]

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 just want to ask you, don't take it personally, are these things you mentioned also applicable to yourself as a trader in this field of cryptocurrency business?
Because to be honest, these things you mentioned are actually quite good in this regard.

It's not really necessary for us to give 100% to the strategy, and the rest of what you said I also agree with, and I see that it will also be helpful to most of the crypto traders
that we have here in the crypto space.

[Alpha Marine]

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.

People don't believe in themselves enough to trust in their own strategies and predictions. I've never heard of buying a trading strategy, but I see it a lot in gambling. I agree with what you said; people believe "professionals" more than themselves, but they should be able to know that things don't work like that, especially in gambling.

A strategy needs a lot of factors to work, so just taking the strategy and those factors are not constant, then it's useless. If a strategy is that good, why would a person need to sell it to get money? He can simply use them and make thousands of dollars daily.

[EarnOnVictor]

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 just want to ask you, don't take it personally, are these things you mentioned also applicable to yourself as a trader in this field of cryptocurrency business?
Because to be honest, these things you mentioned are actually quite good in this regard.

It's not really necessary for us to give 100% to the strategy, and the rest of what you said I also agree with, and I see that it will also be helpful to most of the crypto traders
that we have here in the crypto space.

The truth is I started trading long years before the crypto era, and to be honest, I trade more of FX, Gold, Oil, Stocks, and Indices than crypto. But of course, I trade Bitcoin and Ethereum as my preferred crypto when I choose to, and I tell you, all markets work the same way, just study their varying conditions at the time and know their drivers, that's it.

That said. Despite my prowess in trading analysis, with much over 85% winning accuracy, I still lose my account( though I have an overall winning record in recent years). I discovered that my issue was not my trading strategy but my inability to stick to my plan of risk management. And for this to happen, discipline and determination must be enforced (psychology). This brought about this thread since it has helped me better since then.