When strategy stops being the problem

[Ticdeneb]

There's a point most traders hit where things stop making sense. This might sound shocking but it's true because I think it's safe to say I reached that point as a trader but, I found a way to figure things out.

Your entries are clean, risk controlled I mean you're literally following your plan and then you think nothing could go wrong, only then you realise that your results are inconsistent.
Trust me when I say it's the least ignored things that are not even within your control that would eventually get you to that point I'm talking about.

You start noticing that it's not only about what you trade anymore, but how your trades are being executed.


Fees starts stacking up when you trade more consistently.
Slight delay or slippage shows up during volatility.
Even execution quality becomes noticeable especially during tight setups.
Individually these feels small and mostly unnoticeable but overtime, they're not.

This brings me to ask pro traders who trade frequently particularly those who have benefited from the perks of being VIP status traders on various exchanges, because I also got to realise recently that VIP traders get better treatment if that's the right word to use, but VIP status,perks and method of achieving it varies across different platforms.

After digging into different setups across Binance, Bybit, OKX, and Bitget, it becomes clear they’re not all built the same.
Some lean heavily toward high volume traders.
Others focus more on execution or ecosystem access. So far I think Bitget VIP suits my style of trading and also more easy to attain
 So here's my question.....
At what point did you realize your setup, not your strategy was holding you back and decided to switch to a VIP trader and how has it helped you so far?

[Lida93]

Your entries are clean, risk controlled I mean you're literally following your plan and then you think nothing could go wrong, only then you realise that your results are inconsistent.
Trust me when I say it's the least ignored things that are not even within your control that would eventually get you to that point I'm talking about.

You start noticing that it's not only about what you trade anymore, but how your trades are being executed.

Experience has taught me that in trading you can't really be in control even though that's what your own strategy and level of trading skills might wanna you feel like about your plan. Thinking nothing could go wrong is actually the first mistake you've made as a trader, because that mentality taking into trading could make you neglect little errors that if you had being objective with your strategy and plan you could have observed and corrected.

Things could fundamentally go wrong at any point, it's a reality that every trader  should always keep in mind by creating necessary risk management dyke to either prevent or reduce the risk effect.

[cryptoaddictchie]

After digging into different setups across Binance, Bybit, OKX, and Bitget, it becomes clear they’re not all built the same.
Some lean heavily toward high volume traders.
Others focus more on execution or ecosystem access. So far I think Bitget VIP suits my style of trading and also more easy to attain
 So here's my question.....
At what point did you realize your setup, not your strategy was holding you back and decided to switch to a VIP trader and how has it helped you so far?

Ive used all these and I like bybit setup when it comes to trading but Binance is also good indeed. Regarding OKX, Im not sure I had registered there but rarely used it. 

How I wish to had that VIP status but the trading requirements is quite heavy and huge. For me ecosystem access amd conveniece also works best when you are conviently using it well. I had a little bit hiccups at first but thats normal when you are new right? Strategy wise, its the same but the platform conveniency is way better for your trading set up when you used to it.

[Ticdeneb]

Your entries are clean, risk controlled I mean you're literally following your plan and then you think nothing could go wrong, only then you realise that your results are inconsistent.
Trust me when I say it's the least ignored things that are not even within your control that would eventually get you to that point I'm talking about.

You start noticing that it's not only about what you trade anymore, but how your trades are being executed.

Experience has taught me that in trading you can't really be in control even though that's what your own strategy and level of trading skills might wanna you feel like about your plan. Thinking nothing could go wrong is actually the first mistake you've made as a trader, because that mentality taking into trading could make you neglect little errors that if you had being objective with your strategy and plan you could have observed and corrected.

Things could fundamentally go wrong at any point, it's a reality that every trader  should always keep in mind by creating necessary risk management dyke to either prevent or reduce the risk effect.

You know you're absolutely right. Lol that mentality of thinking nothing could go wrong had to go hence why I started looking at the very tiny details I had ignored in the past and now looking for ways to keep them under a little bit of control. 
I don't know, but have you noticed any difference trading as a normal trader Vs trading as a VIP member on any exchange?

[Ticdeneb]

After digging into different setups across Binance, Bybit, OKX, and Bitget, it becomes clear they’re not all built the same.
Some lean heavily toward high volume traders.
Others focus more on execution or ecosystem access. So far I think Bitget VIP suits my style of trading and also more easy to attain
 So here's my question.....
At what point did you realize your setup, not your strategy was holding you back and decided to switch to a VIP trader and how has it helped you so far?

Ive used all these and I like bybit setup when it comes to trading but Binance is also good indeed. Regarding OKX, Im not sure I had registered there but rarely used it. 

How I wish to had that VIP status but the trading requirements is quite heavy and huge. For me ecosystem access amd conveniece also works best when you are conviently using it well. I had a little bit hiccups at first but thats normal when you are new right? Strategy wise, its the same but the platform conveniency is way better for your trading set up when you used to it.

Lol I see you've been around the block long enough to have used most of those exchanges. I get it, one must try quite a few of them to find the one that fits your trading needs/style.
Regarding VIP status yeah, from my research and comparison, Binance has less access than Bitget. Bitget is more accessible through it's VIP fast track program, which links VIP status to more active trading behaviour rather than just static asset holding.

[_act_]

At what point did you realize your setup, not your strategy was holding you back and decided to switch to a VIP trader and how has it helped you so far?

Your question is not clear at all. You mean VIP users are making money than normal users on exchanges? I have VIP 2 on an exchange before but I continued to lose when I trade.

People like James Wynn which is common on this forum as a trader that is trading with millions of dollars will have VIP status on the exchange he is using, but he lost huge amount of money.

People should be very careful while trading, both normal users and VIPs.

[bricky2ndlife]

There's a point most traders hit where things stop making sense. This might sound shocking but it's true because I think it's safe to say I reached that point as a trader but, I found a way to figure things out.

At what point did you realize your setup, not your strategy was holding you back and decided to switch to a VIP trader and how has it helped you so far?

Your problems, even very severe problems, begin with your decision on going with trading and it does not start with your choice of using any trading strategy.

Because trading is very dangerous for your fund, and most traders lose money in trading. That's your terrible decision when choosing trading as a way of using your capital in a dangerous way while you must know that investment is a better, safer way of using capital for getting profit with much less risk of losing your money.

[maydna]

If you already felt profits from trading, you may feels better and thinks that you are a pro trader. That can reduce your awareness and controls in trading so that slowly gives you trouble. You feels that the problem you face will not big and you can solve it with your skills.

That is overconfident as you thinks that you can profit in the next trade. But thing that happens is you slowly losing control in your trading and can't see what changes.

But normal and VIP traders can losing money in trading. It is no problem if you are normal traders and all you have to do are improving your skills.

[MarjorieZimmermanGinger]

There's a point most traders hit where things stop making sense. This might sound shocking but it's true because I think it's safe to say I reached that point as a trader but, I found a way to figure things out.

Your entries are clean, risk controlled I mean you're literally following your plan and then you think nothing could go wrong, only then you realise that your results are inconsistent.
Trust me when I say it's the least ignored things that are not even within your control that would eventually get you to that point I'm talking about.

At the very least we should follow the steps and strategies with much more discipline and perhaps evaluate them later to see if they're suitable for implementation. Why do many traders fail in trading? Most of us may lack discipline and always want to profit quickly, leading to trading that no longer follows the initial strategy and limits the risk of loss.

Experience has taught us one thing, wherever we are there's no such thing as instant success. It requires discipline, evaluation and actions that we need to change to produce much better results. Trading is not about who is faster, but about who is able to persevere and evaluate so that continuous improvement is achieved on mistakes that are considered less than perfect to be corrected.

[Futurexxx]

There's a point most traders hit where things stop making sense. This might sound shocking but it's true because I think it's safe to say I reached that point as a trader but, I found a way to figure things out.

Your entries are clean, risk controlled I mean you're literally following your plan and then you think nothing could go wrong, only then you realise that your results are inconsistent.
Trust me when I say it's the least ignored things that are not even within your control that would eventually get you to that point I'm talking about.

You start noticing that it's not only about what you trade anymore, but how your trades are being executed.

Trading is a very difficult craft, that is why you will keep on losing money even though you have the right knowledge on technical and fundamental analysis, because what I have come to understand in trading is that knowledge is not enough in trading, you need to be skilled at controlling your emotions, and know when to take a trade, not trading anything you see in the market. That is the only way you stand a chance of being profitable while trading.

At what point did you realize your setup, not your strategy was holding you back and decided to switch to a VIP trader and how has it helped you so far?

I only question my trading strategy from the beginning of my trading journey, but right now, I do not question it to the extent of switching to a vip trader. What I do now is taking fewer trading set up, but I make sure it's the best available set up before I risk my margins on any trade.

[hugeblack]

This brings me to ask pro traders who trade frequently particularly those who have benefited from the perks of being VIP status traders on various exchanges, because I also got to realise recently that VIP traders get better treatment if that's the right word to use, but VIP status,perks and method of achieving it varies across different platforms.

After digging into different setups across Binance, Bybit, OKX, and Bitget, it becomes clear they’re not all built the same.
Some lean heavily toward high volume traders.

The main purpose of this thread is to address Bitgit spamming. @OP doesn't want any discussions but rather to promote VIP accounts.

Therefore, avoid taking this thread seriously or using Bitgit.

[tygeade]

There's a point most traders hit where things stop making sense. This might sound shocking but it's true because I think it's safe to say I reached that point as a trader but, I found a way to figure things out.

At what point did you realize your setup, not your strategy was holding you back and decided to switch to a VIP trader and how has it helped you so far?

Your problems, even very severe problems, begin with your decision on going with trading and it does not start with your choice of using any trading strategy.

Because trading is very dangerous for your fund, and most traders lose money in trading. That's your terrible decision when choosing trading as a way of using your capital in a dangerous way while you must know that investment is a better, safer way of using capital for getting profit with much less risk of losing your money.

Come on, I don't think deciding to trade was a problem. Also, I don't necessarily agree that investment is better than trading because in my opinion, investment is just long-form trading. After all, eventually you do have to cash the investments at the right price.

Yeah, most traders are losing money, I agree. But I'm pretty sure that most investors (small-scale investors like us forum members) are also losing money because we can't manipulate the market or have inside information. Take a break if you can't figure out what's going wrong. Sometimes a break solves everything because you get time to think, which is not possible when you're stuck in trading.

[JeffBrad12]

Not even VIP can safe you if funding rate explode, RAVE is prime example of why VIP trading fee waiver sometime is not that useful.
A 30,000% funding rate will explode your trading position even if you are using VIP tier to reduce fee trading. I don't know why you keep pushing your VIP tier agenda but I personally don't see that much use.