Did you know that most traders have good trading strategy?

[Oohio]

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.

They miss most important thing, a best strategy is best only if it brings profit for a trader.

I meant, a best trading strategy is sort of very personalized trading strategy that works well for a specific trader. Other traders can use other trading strategies that work fine and bring profit to their trading portfolios, but their best trading strategies can be most terrible strategies for you as you can not use theirs well like they did.

Traders must learn, practice and try many trading strategies before they can find their own best trading strategies. Remember that how risky trading is, many traders lost most of trading capital or got bankruptcies even before they can find best strategies.

Let's say, if you feel risky, don't trade and do an easier thing, investment and holding.

buying strategies is also part of gambling and not trading. The guy that buys strategies is only aiming at making profits through investing his money but the guy that masters his trade; although he will make losses and learn how not to lose or how to reduce losses while increasing profits. It becomes his wealth of experience for trading and profiting. So the best strategy is to work on yourself and become an expert trader gradually but steadily

[Oohio]

It is not clear to me that the strategy is a good one if most of them end up losing money. I do think a lot of it can be due to the other things you mention, like not managing funds or emotions, but then they are moving away from the strategy. For one thing or another I think that if you want to make money you better invest for the long term and if you want to make trades that are punctual in time. The more frequent the trades, the less likely you are to make money, either because of a bad strategy or because you mess up.

Another thing is that traders should not think they can make money daily from trading.

Have you changed your opinion since our bet, then?

I think not so. It is not "the more frequent the trades, the less likely you are to make money" Reason been that a studious trader that have good observatory skills will make more money when he/she trades the more. Rather i will say that the more you trade the more likely you are going to learn the fundamentals of trading and learning from your mistakes ;which will in turn, reduce losses and increase profits. Thus, the narrative will be: the more you trade the more you learn how to reduce losses and make more money

[Zoomic]

You are right, @op. People keep changing strategies because they are trying by all means to avoid losses, which is quite impossible. Trading requires consistency in addition to the skills and knowledge already acquired. No matter how good a strategy may be, there will still be some bad days when losses are unavoidable.

For those who are still trying to find the best strategy to minimize their risks and maximise profits, they can start with a small capital. Then, over time, when they find what works for them, they can scale up.

[EarnOnVictor]

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.

They miss most important thing, a best strategy is best only if it brings profit for a trader.

I meant, a best trading strategy is sort of very personalized trading strategy that works well for a specific trader. Other traders can use other trading strategies that work fine and bring profit to their trading portfolios, but their best trading strategies can be most terrible strategies for you as you can not use theirs well like they did.

Traders must learn, practice and try many trading strategies before they can find their own best trading strategies. Remember that how risky trading is, many traders lost most of trading capital or got bankruptcies even before they can find best strategies.

Let's say, if you feel risky, don't trade and do an easier thing, investment and holding.

buying strategies is also part of gambling and not trading.

Hahaha...you shocked me with this remark, but as funny as it is, it's not true, buying anything is a choice, and it may or may not work, it's not the first time, it's just trying to boost one's efforts. Trading is not an isolated situation, we all want the best tools to trade, but at the same time, we should not be gullible. If it were some people who knew trading well, they would have been more careful. Regardless, who can we blame 100% for this? No one!

[Yamifoud]

We face challenges and lose a lot before we figure out the best strategy. But of course, this will never give us 100% confidence that we are safe. Losses are still inevitable in a volatile market. But at least we also have some profit assurance, especially when we are in perfect timing. It is different when you are gambling with empty knowledge, and it is different from just having a wild guess.

For those who are still trying to find the best strategy to minimize their risks and maximise profits, they can start with a small capital. Then, over time, when they find what works for them, they can scale up.

It's a good idea to just start with a small amount because you will only lose. We just increase it when we already have enough knowledge and a good strategy.

[DiMarxist]

If you have a good trading strategy and you keep to it, you will win, reason why people fail is simply because, they can't keep to their strategy. However, some keep to their strategy but greed sometimes is found in their strategy. How? they want to get the whole money from one market entry and trading will always fail you if you try to get everything or all the money in one enter. Trading is structural, you need to milk the market gradually and not be greedy. So it is important to always review your strategy according to the time frame you want to trade, if you want to trade a lower time because of small capital, then your strategy must follow that order.

[Dzwaafu11]

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!

Should I say this is greed or what? Because I have never seen something like that before. Real traders don’t do that. This person doesn’t want to learn; he’s looking for a shortcut to earn money from trading, and that is why he feels buying a strategy to trade will make it easy for him. He forgets that regardless of which strategy a trader will decide to use, he or she must lose money. Moreover, even if the strategy is correct, he won’t make money from it. I don’t think he’s even emotionally prepared to trade since he’s scared of losing money.

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.

Normally losing in trading is something a trader cannot avoid, and that is why it is advisable to use the amount you can afford to lose, although sometimes when a loss is too much, then that trader should work on his strategy. You can’t be losing all the time, but even with that, emotional maturity needs to be there and other skills that are needed in trading.

[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!

Should I say this is greed or what? Because I have never seen something like that before. Real traders don’t do that. This person doesn’t want to learn; he’s looking for a shortcut to earn money from trading, and that is why he feels buying a strategy to trade will make it easy for him.

Blame this person less, my friend, it's not the first time people buy custom indicators and services. Some work, while others fail. And if it failed him, it doesn't mean that the strategy bought is totally useless, the buyer may not know how to use it correctly, or is not managing his account well, or he is emotional altogether.

And one thing about these expensive products is that they're targeted at a select few, the rich. It's not meant for regular people, and they don't mind selling only 50 pieces. So, consider the buyer rich, and I won't blame him for trying.

[Japinat]

You wouldn’t be a reliable trader if you don’t have good trading strategy in the long run, as there’s no strategy that is made us to suffer from losses, but all trading strategies are created for us to be in profits. So it’s not surprising at all why most traders are bound to be in profits, simply because no strategy is set for bad outcomes.

Meanwhile, those who are using unreliable trading strategies are not actually real, potential traders. They’re just force to trade just to satisfy their greed for money.

[MissNonFall9]

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.

I have learned everything in my life from mistakes and reality. The knowledge gained from reality has influenced my life more than the knowledge gained from textbooks. Whenever I try to take shortcuts to achieve something, I make the biggest mistakes of my life and fail. Even in trading, this was no exception. So I have given this board a lot of priority, especially in terms of gaining knowledge. What I have learned from here is that first we have to gain knowledge and then gradually apply it in practice as a learning time. In this case, making mistakes is very normal and this is the biggest acquired knowledge, which will play a special role in taking the next step to succeed. Thus, mistakes play a very important role in taking the right steps and give us a fair idea about financial management. Another thing is the most important thing and that is psychological knowledge and mental control which is very important for any work. I am sure that if someone controls their mindset and takes any action based on their own decisions based on the knowledge they have gained, then I don't think they will ever face any major disaster. And if they do not succeed, it will be a lesson for them that will be considered a apprenticeship premium.

[Altryist]

You wouldn’t be a reliable trader if you don’t have good trading strategy in the long run, as there’s no strategy that is made us to suffer from losses, but all trading strategies are created for us to be in profits. So it’s not surprising at all why most traders are bound to be in profits, simply because no strategy is set for bad outcomes.

Meanwhile, those who are using unreliable trading strategies are not actually real, potential traders. They’re just force to trade just to satisfy their greed for money.

In trading, a strategy requires constant adjustments because if more and more traders start using the same strategy, it will eventually stop being profitable. So, while the foundation for a successful strategy can be the same, the final result will always depend on the individual trader, since the strategy needs to be fine-tuned each time. There are strategies that demand quick reactions to market moves, but that’s more about day trading. In medium-term trading, the market can be a bit more forgiving, meaning it might allow for some mistakes. But one thing I know for sure is that not all traders using strategies will be successful, because that’s how the market works. If someone makes money, it means someone else is losing it, and traders using strategies lose money too.

[Anonym-ous]

A solid trading strategy is more about psychology and risk management than fancy indicators. You must control emotions and stick to your plan—without that, even the best strategy fails.

[EarnOnVictor]

A solid trading strategy is more about psychology and risk management than fancy indicators. You must control emotions and stick to your plan—without that, even the best strategy fails.

Thank you for this short but beauty piece, it has concisely buttress the whole point. If you read it through, you would still see some people who would argue against this as if no one can be successful in trading. Not knowing that it is the strategy most people are focusing on, but what about the money/risk management and the psychology that mostly plague traders? I have over 20 working strategy, yet I was falling, but when I changed the narrative, it has all been green, even in challenging times of losses, I still get back in the green with time.

[AVE5]

Trade with good trading strategies and loose sometimes less could be normal outcome since the market can be uncertainty.
But their persistent of their looses being more than their wins wouldn't have them as good strategic traders anymore.
What also results to such traders loosing on the regular is greeds of ignoring feasible winning lines where there should be limitation of chasing more profits. So they fails along the line.

[Fivestar4everMVP]

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 or close. 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 outcome of every trade has more to do with our very self and very little to do with whatever type of strategy we apply to the trade, mindset is very important and plays a very strong role in determine what type of result we achieve in every of our activities.

Some or would I say most people hate to start small, the hate the process of learning and becoming perfect in something, they hate the stress, the time which they would rather choose to spend on things are doees not have long term profit, the determination and perseverance that goes with learning and getting perfect in something, most of us are like babies born today and wants to crawl, stand, walk and even run on the same day they were born, this is usually one of the reasons why many find success hard to achieve in most things that they do.

So I very much agree with you, becoming a good and profitable trader takes time and it involves building one's mindset, those who lack the patience and zeal to wait and build often times end up wasting money.

[rachael9385]

Most times changing trading strategies isn't what is required.the problem with a lot of traders is impatience, just because something fails doesn't mean that it's not going to work, no strategy is perfect, they all have flops bit it's left for you to see what you can add to make sure that you don't keep up making the same mistakes over an over. Again. The most important thing to work on is emotional maturity

[doomloop]

A solid trading strategy is more about psychology and risk management than fancy indicators. You must control emotions and stick to your plan—without that, even the best strategy fails.

Thank you for this short but beauty piece, it has concisely buttress the whole point. If you read it through, you would still see some people who would argue against this as if no one can be successful in trading.

Or better say they can argue as if others who has a different approach can't be successful anymore. It is possible to be successful in trading and those who argue are likely one of it already. But when it comes to strategy, I can say that the more the merrier. It is just that I won't rush things if that makes me uncomfortable or can affect my performance.

Not knowing that it is the strategy most people are focusing on, but what about the money/risk management and the psychology that mostly plague traders? I have over 20 working strategy, yet I was falling, but when I changed the narrative, it has all been green, even in challenging times of losses, I still get back in the green with time.

We don't need to join the majority just because that is trendy because not all that we see are working for real or not all of it are applicable to us. Sometimes they are only doing that to hide the real truth and they are only the ones that can benefit the most. But anyway, that's great to hear mate that you are now doing well .

[goldkingcoiner]

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 or close. 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.

If most traders have a good trading strategy, and yet they still lose money, how is it considered a good trading strategy? Which standards apply and who is deciding on what constitutes a good trading strategy? I mean if you have to buy a trading strategy for almost 4k USD, it is probably a scam and/or a bad strategy. Why would anyone sell a good strategy if they can simply use it themselves to trade and make consistent profits? Makes no sense, does it?