Most traders actually have a solid strategy, right?

I’ll keep this brief. Just want to spark some thoughts on trading. So yeah, it’s true that many traders have a decent strategy, but they still end up losing. They get caught up trying to find that perfect strategy that probably only exists in their heads, which makes them lose focus and drift away from their style. Those straightforward strategies that you might overlook can actually work if you put in the effort. I was blown away when I found out someone dropped $3,700 on a trading strategy... like seriously? And it didn’t even work for him, what a total waste! Having a solid trading strategy matters, but what really counts for traders is not some foolproof plan that guarantees 100% wins. A strategy with a 60% win rate is totally fine if you manage your trading psychology and risk properly. Those two things, as basic as they sound, really have turned my trading results around. Change your mindset, and you’ll see the difference in just a few months.

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. Perhaps if people can get to be patient with the strategies they are cultivating by themselves they can strengthen and understand it much better with bigger results flowing through than those they dare to buy.

That’s just plain greed. Yes, there are strategies that can make you profitable in trading, but you don’t need to pay for them. There’s no shortcut to building real skills. The information and data are free, we just need to use those tools to improve ourselves. Eventually, by learning from our mistakes, we’ll get better. If it were up to me, I’d rather use that money as trading capital than waste it on some so-called “strategy.”

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.

Risk management is very important in trading. It is also good to avoid overtrading because trading is motivating when a trader is making money from it but later overtrading can let the day end bad for him. To enjoy trading, if you have like $250 to trade, do not go more than $25 to trade. It will be better if you make it less than $25bif possible. Another problem most people have is the high leverage they are using. Another thing is that traders should not think they can make money daily from trading.

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. Have you changed your opinion since our bet, then?

There is no 100% winning strategy, and for this reason, traders have to engage in testing in order to find the most acceptable one for themselves. And if a trading strategy suits one, it does not mean that the other will be able to use it well, as it will also require skills. As for buying a trading strategy for 3700 bucks, this is a big mistake that was obviously made by a novice.

This is actually what they are after when they learn that trading can make them earn money daily by being a day trader.  If they can't find their strategy to be profitable in spot, they be moving to futures because after all a tiny increment in price will be amplified with leverage which they could make $100 a day with their small capital. It ain't bad to find a strategy to make money but at least make it realistic.

Risk management is everyone needs to study. im doing it now.

What happens to most traders when they’re on the verge of trading is that they lack good risk management even though and they’ve a good trading strategy that can give them 60% chance of winning. As a trader, whatever your equity is, you should try as much as possible to divide it into 10 places; with your 60% winning rate, there is no reason why you can’t win at least 4 trades out of 10; lets make it the minimum in this case and with your good risk to reward ratio, even when you lose the remaining six trades, you’ll not still be in loss. Traders are fond of changing big wins when their equity is still small, they increase leverage and lots sizes in order to have bigger wins while not obeying their risk management strategy, that is why even when they have good strategy, they don’t see the winnings coming. When you have a good management skills put in place, try as much as possible to obey it and not allow over ambition make you ruin your capital. Opportunities in the market are unending and you should strive to risk little at a time while aiming for profits no matter how little.

What I notice among most traders is that they always have impatience for things relating to money and such acts of this trader is a clear sign of greed, like the level of risk most people tend to take regarding most things is totally out of place and at the end they regret their actions. Imagine the waste of efforts and money. This is why it's best to stick to what you know and don't overdo things.

If beginner traders can put in a lot of time to study psychology then he wouldn't have such much problems in trading. You must learn how to deal with your emotions otherwise you cannot be a successful trader. One common mistake that most newbies make is that they get too ambitious at the beginning phases, most of them start chasing huge amounts of profit when they haven't properly developed their mind to a certain extent and they wonder why they keep blowing their trading account repteadly.

To even start with there's no strategy that gives a 100% out there so if anyone who sought a strategy or is building a strategy and expects a 100% from the strategy, getting one of such strategy is almost impossible because there's none that guarantees a 100%. A 60% can actually do a trader good if used properly than changing strategy frequently to get one that will give a 100%. If a trader has a very good psychology and a good risk management which can be called a strategy, they are good to go and will do better trading.

It is very complicated and it decides mainly with your beginning that includes how you manage your finance for having trading capital. More specifically, how did you get your trading capital, does it account for 100% of your capital. The advice for traders is don't use all capital you have for trading and if you ignored this fundamental rule, you have a very bad start and it's unrealistic to think that you will have good trading journey later. During your trading adventure, there are other things for risk and capital management but let's say how you started is most vital because it can affect your psychology and trading decisions as well.

Buying a trading strategy for $3,700? That sound not make sense. How come someone spend much money for having the trading strategy? It is better he learn more about trading and start creating his own trading strategy. It give him a chance to improve his skill in analyzing the market and create more strategies. He can also use that big money to start trading. Geez, that is not okay if you buy the strategy from others because you can do by yourself. We must learn more about trading so we can have a better understanding about trading. You also need to have a good psychology, money management, self-control, trading skill and else so you can trade without a problem.

Let me be straight forward in answering this, no matter your trading strategy, as long as you are trading cryptocurrency you will defined lose at some point. There is no he'll way to predict the direction bitcoin and other cryptocurrencies assets goes per time, so that make their predictions hard and impossible to speculate. So most time, no matter the level of the accuracy of your strategy, you will still have to rely heavily on luck to be able to pick the right trading piar at the right time to make profits.

Really, someone can buy a trading strategy with such an amount? Then it would be a waste of money. Everywhere – if you look for shortcuts, then you have to lose. A trading strategy should be made by yourself from your experience. From our own place, we have the best strategy. Because my strategy is best for me and your strategy is best for you. Someone else's strategy won't work for me since I have my own thoughts for trading. We have to take decisions in real time on the trading, so others' strategies won't fit for me. To be honest, there is no alternative without making your own strategy to become a winner from trading. For that you have to spend a lot of time; you have to lose as well due to the learning purpose. Day by day you have to improve yourself in that field. It's not too easy to get profits from the trading. Someone has to lose, and someone wins. So make your own plan and strategy instead of buying it.

Did that person hypnotically buy the strategy for $3700? It's like he's convinced that there's a trading strategy that's 1000% accurate... even though we know there's no such thing. But maybe that person is greedy for buying a trading strategy that doesn't make sense, maybe he thinks he will get a big profit because it's an expensive strategy...even though the reality is losing. And right like you said, the most important thing in trading is risk management, if you can't manage this then trading is like gambling because it's too blind. Because I myself have seen a friend who lost a lot of money in futures trading tens of thousands of dollars because he did not do risk management.

It's sad that there are people thinking that they can learn trading easily by availing these courses. I am not against to this but the most that I am seeing right now is that this gives the idea to the other traders to just sell out their courses and not do trading at all because this is how they make more money. I agree, there is no 100% accuracy in trading. Any strategy that you're going to come up with, you're not guaranteed that you'll not lose. All of them have it in accordance of losing and that's why if the accuracy rate is higher in winning, that's so much better. As long as you're in profit, you're good and can cut loss when necessary.

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.