I've got a simple tip that might help you flip your losing trading strategy into a winning one.
First off, you gotta realize that all financial markets, whether it's stocks, crypto, or forex, really only move in two ways: they either rise or fall. Honestly, that's the only certainty we have in trading it’s either a bull market or a bear market.
So, if your current strategy isn't cutting it, you can turn it around by smartly switching up your entry points. Just consider doing the opposite of what you normally do. Spend some time reworking your strategy and figuring out how to spot liquidity.
Change your losing trading strategy to a winning one
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Oh, really? So, you think if it works that way every trader who has suffered losses wouldn't have turned their way around or you think it hadn't occured to anyone of them to think the way you just enumerated? Just so you know, trading and its psychology don't work that way.
Yes, I agree with you that it is possible that traders think about that.
But do all traders have a fixed strategy?
Have all traders taken the time to review their strategy, reverse it, adjust it?
Trading is not as difficult as you think
It's not enough to think it in your head, you have to try it,
cipherpro907Member
Posts: 38 · Reputation: 87
#4Jul 13, 2024, 04:07 PM
Easy to say but it would be that hard to do it specially if you are on the actual situation. Why?
You would be mainly thinking that what if your original analysis or plan would play out? For sure you would be ending up on regretting.
It would be a test of emotion whether you would be doing against your initial analysis or would be going against?
You would be thinking, what if that it would be that right this time?
The main enemy you would be having on this one is yourself on which it would be pertaining about emotion and psychology on which I can say that it would be mainly the hardest thing that you do need to go against with. You cant just that make yourself that easily apply this idea because just like been said that it will be talking about emotion control and discipline towards your own methods and ways.
Next thing on here is on how you would be able to apply it all into your strategies.
There's no point on making up analysis if simply you would be that going against it on the first place. Although there's a sense about going or reversing out those losing strategies and making use of them
and if you are that very curious or wanting to have some experiment then you can always choose up to test it out but of course you should be only spending into the amount that you can
be able to afford to risks on.
Interesting concept, but oversimplified. Reversing a losing strategy isnt a guaranteed fix to a bad strategy isnt just wrong on direction. In natural stance, it may have flawed logic, poor risk management, or random entries. Simply doing the opposite could lead to equally poor results unless you understand why it was failing in the first place. Real risk and results edge comes from identifying inefficiencies, managing risk, and adapting to liquidity and not just flipping trades.
Emotions are easily controlled if you have a strategy you are sure of. If you have confidence in yourself and you know what you are looking for.
You must understand that all losses in trading are not due to psychological problems .
But rather to the lack of strategy.
And if you have to invent your strategy to become profitable, you have to do it because the exciting strategies were invented by the great traders at a time when they had fewer tools. Don't just rely on what exists, think about creating for yourself even if it won't make you a millionaire in two days. This will help you not to burn your account.
Op are you for real? Has there ever been a tagged loosing or a winning strategy that's said to be notable? I guess non. Trading has multiple bro determine the direction points of the market while the mission is to win non has ever been success in the long term trading without the experience of loose because trading is a market of uncertainty and unpredictability.
What I can only say with alignment of what you're trying to say is that we should implement other strategies to be used just in case the one executed isn't favouring. There'll be need to try others but doesn't mean you're sure of winning with it. Going with an opposite strategy doesn't guarantee you winning because as the market phases is between the bear and the bull doesn't mean your options is just the prediction that the price will go up or down. How about timing factor as volatilities is implies? I guess it's beyond going the opposite direction but locating a more better strategy that'll be around the margins of outcoming your decision.
Of course not. There's no way everyone will think alike. That will be boring. However, it may interest you to know that most traders have the same trading strategies and that's why big players, hedge funds, big banks trading FX, whales are able to hunt stop losses. They know where most traders will keep their SLs and go hunt them through price manipulation.
Well, I really don't think it's that difficult as you've misconstrued me. But for beginners, it's. Not even just for beginners, it's for most. What's the percentage of profitable traders, to start with? You and I know it's not encouraging at all. If trading were that easy, that wouldn't be the case.
I actually tried it out during my formative years in trading. It never worked because it kept hitting SL. The best way to go about trading is to have a working strategy that aligns with your thought. You can't be trading in opposite direction of what your strategy signals to you.
coinlab644Member
Posts: 51 · Reputation: 44
#9Jul 14, 2024, 09:58 AM
Oh shit! You sound like a newbie trying to advise OGs on how to make money from the crypto market even when they are losing trades. This is very weak if you are telling us to do the opposite of what we have been doing. Wait a minute, do you think price will continue to going bullish or you think price will keep going down?
Don't delude yourself with poor and unrealistic advise because you have not come up with a strategy that could make anyone that is losing money from a trade to start making profit. Doing the opposite thing that gives you a lose van a well make you lose again so I don't want you to think in two direction like the way newbies always think. Yes market moves into directions and van be zigzag clearing your liquidity before price starts going the opposite direction.
What do you really mean here or what are you trying to explain in this case? Do you mean taking both directions of the market on the same trade? This is not going to make you any profitable because youll even end up losing at the end of the day because youll still pay for swap fee depending on the type of exchange youre using to trade on.
And if you mean, taking an opposite trade in the zone youd take the earlier one on, thats not you being technical in your analysis, youre just trying to flip the other side of the coin to see if you can win and not sure of your trade. This is pure gambling and if you employ that in all your trading, youll end up being a loser and not profitable.
hodler_orbitNewbie
Posts: 77 · Reputation: 21
#11Jul 14, 2024, 02:31 PM
In reality, not all losing strategy can be transform into a profitable one, that sometimes you have to develop a new one, harness something new that has potentials, because you cant afford to keep on losing a lot without making you profitable at times. The years you will spend on your losing strategy trying to make it work, why not put all your time into developing a new one, enhance your strategy so that it will make you comfortable and profitable in the long run.
hawk_degenNewbie
Posts: 44 · Reputation: 36
#12Jul 14, 2024, 08:09 PM
Its easy to say this but its difficult to make it happen when youre in the actual situation. And just to clear it up, no one wants to suicide trying to experience more losses just because you are hopeful that your losing strategy right now will eventually transform into a productive and profitable one.
Its definitely a lot of work and processes to be done. That others just want to leave their strategy at a loss rather than waste their time fixing and improving it.
If they can develop and work out a new plan or strategy, then for me its quite more convenient to make, because you know in the future that what you are trying to strategize right now will make you profitable at the end of the road.
moon_cipherFull Member
Posts: 3 · Reputation: 405
#13Jul 15, 2024, 01:17 AM
What Ive understood so far about this strategies is that, whenever your trading strategy gives you losses you tend to loose faith in it. You then go about looking for other persons strategies that the market is already immune to. What youve to do is create strategy for yourself, back test for a while to see how efficient it is, then execute it into real trade.
quantum_forkMember
Posts: 291 · Reputation: 48
#14Jul 15, 2024, 05:09 AM
Yeah market go to two direction only, up and down but it's not as simple as you might think.
How many people getting liquidated at the dip before bitcoin is flying when they should've made big money had they not getting liquidated?
Market goes to two direction but it can always do a flash dump and liquidate you.
Reversing your entry zone also an oversimplification since there are too many factor that causes you to lose your trade such as closing too early, becoming panic seller due to scared and so on.
I think it is. Maybe understanding trading strategies and learning how to trade might not be so difficult, but i think becoming a profitable trader is difficult, how many traders out there do you think are making profit, i reckon it is not such a large number. There is a reason why newbies are not advised to start their crypto journey with trading, and it is because of the risks involved in it. This your idea of "simply doing the opposite of what you do", have you implemented it in your own trades, and how successful have you been?
nonce_falconNewbie
Posts: 94 · Reputation: 14
#16Jul 15, 2024, 12:52 PM
I am with you on this as altering your strategy may give you different outcome. Because if your strategy didn't work for several times, it means, it is time to change and find an alternative one. Don't push it too much because it the results won't change. It will only change when you start changing your route.
In trading, there's no single strategy that you can use because each coin has their own unique features. And so it depends on how you will strategize to get the best profit out of them. This is why, every project that you will invest with, will require due diligence every time you execute a trade. It is like new experience every time you trade because they are different with each other. Check for some indicators like liquidity, popularity, actual developments, social media presence and others. These variables can help you gauge their potential in the market.
Well, we dont actually throw immediately our losing strategy without trying to fix it, boost it or upgrade it hoping that it will give us a better trading performance. But if you are losing for years now, I dont think theres still chances for that strategy to improve, but its better if you create a new one that would be perfect on your trading style and risk management. After all, you know whats best for your trades, its either you keep suffering from the consequences of your losing strategy, or you risk to come up with something new that will suit yourself as a trader.
Do you mean, for example, you came up with a long position, so instead of opening a long position trade, you will open a short trade position?
It's something like reverse trade.
pixelhub542Newbie
Posts: 134 · Reputation: 12
#19Jul 17, 2024, 04:26 AM
Have you tried it and succeeded? Traders will not always use the same strategy, especially those who are keen on seeking information and trying other strategies. They may even adjust it to their own way.
The experiments conducted by traders are essentially only to find the right strategy. There's nothing wrong with that, but when you give a suggestion that could be considered your own discovery, perhaps you should also provide some information after you have tried it. This could relate to the implementation method and also the results. I think that information would be more helpful.
You only can make such twists if you did not lose all your trading capital and worse all your money. The most important task for all traders is defending their trading capital that it was completely lost, will mean the end of their trading adventure. No twist after losing all trading capital and all money, as there is no new beginning after that.
You did not mention the most important thing: defending capital and to achieve it, traders must use best weapons in trading.
[Guide] One of the best weapons in trading.
Stop loss order, stop limit order are best basic weapons in trading.
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