Stay true to your trading plan

So, I'm finally starting my first topic here. Trading isn't for everyone, like, at all. I wanted to talk to traders out there because I’ve noticed a ton of videos on social media where people are flaunting their profits, all while claiming to mentor others and sell their courses. The reality is trading isn’t as simple as they make it look. It takes deep training, including training your mind, and you really need to take your time to learn and craft a strategy that fits you. One major issue I see with traders is they constantly jump from one strategy to another. They try to copy what others are doing, thinking it’ll lead to success, but that only raises their chances of losing. Just stick to your own trading plan. Work on it, refine it to build your confidence, and keep learning. And don’t forget, a crucial point: don’t trade with your bitcoin stash. Hold onto it long-term as a true bitcoiner or investor.

Some traders do not have strategy. Some traders strategy is to copy trade or mirror trade, which is wrong. Some strategies are for losses and not for profits Some people will not just be good in trading. If you trade for a year or 2 years and still losing, it is better to quit. Trading should be done with small amount of money. Trading is beyond what you posted but it is part of the good advices.

Those are the dishonest people or influencers. They all want to get the attention of people so that they can have more engagement because everyone is a fan of wins and not with losses. If they're disclosing their losses then that's good for them because they're making themselves transparent than the others. But if not, we know it all that it's just for the clout that they're doing and yes, for the trading courses that they're selling and many noobs think that they'll become better if they come, pay and join them with that. What's funny, they release certificates that they graduated to that course but the real thing that matters there are the results of actual trades.

Some of the traders only grab trading to satisfy their greed, so where there is greed, patience would be out of the picture. That’s why these traders cannot stick to their own strategy if they experience some losses, because for them it will only be a waste of time and money. It’s better to develop a new strategy, and leave it again when it’s not longer profitable anymore without any goal of fixing or improving that strategy to make it work for long-term.

Strategy development is one of the hardest things to do when trading and almost everyone has a unique trading strategy that works for them even though no strategy is a hundred percent perfect. The problem most traders have is getting swayed by other people's strategies, overtime they tend to lose confidence in their own strategy and they find out that in the long run they will only end up losing more. Stick to your strategy, instead someone else's work on developing yours.

It's practically wrong for you to trust whatever you see on social media, most especially now that we are at the age of AI, any practical process can be edited and worked on. That is why there are so many lies on social media the reason why many of us don't trust whatever is posted on social.

I've been experiencing this before, keep changing strategy without optimizing it, and I end up looking for another strategy and testing it. I don't see any difference in the other strategy, but for me, it is a good experience, even if it turns out to be a negative result, because I can use these mistakes in the future, and only use the alternative strategy for confirming my trades. Honestly, all strategy works; every strategy has its purpose, it's only yourself that is your enemy, which is why you need to be disciplined and be patience one of the big reason is you can't wait for the market to turn into your strategy that is why you are switching and trying other strategy instead of sticking with your strategy.

Some new traders do not even have an idea of what strategy means, so they are busy focused on learning everything they see online, thinking it will improve their trade, but they forget that in trying to learn everything, they could end up learning nothing. Traders who are able to realize and understand what strategy is in trading and pick one to focus on learning will eventually turn out to be successful faster in trading than a trader with no idea what strategy is and is busy learning everything they see.

Professional traders don't show their profit, it's privacy and privacy matters for everyone. More important thing about professional traders, they don't need to show their profit publicly because there is another way to show accuracy of their trading signals. They can share signals publicly and if days later it turns to be good trading signals and good trading ROIs, this means they indirectly show their professionality in trading. The second approach, showing this indirectly is better than directly show their trading ROI. They are famous and showing their richness can cause dangerous physical attacks.

Sometimes, when a trader keeps changing strategy and shift from one strategy to another, and still end up with constant losses, there’s a high possibility that its the trader itself that is not suit to trading. He’s obsessed to making profits and yet, he doesn’t have the good qualities of becoming a reputable trader. It’s not the strategy, but the trader himself should exert more effort to improve his knowledge and skills. Because no matter how reliable a strategy is, if the trader itself fails to trade the profitable way, he will never be successful and become productive with trading.

I can relate here before when I started to trade and I admit this is also common mistakes for traders who are just starting; Like, only after a few trades, they tend to change their strategies. For example, few losses using the x strategy, they tend to stop trading or change their strategy. For me, sometimes you just need to identify the mistakes or wrong you are doing and improve it.

People make mistakes but few learn from them and those dont learn will continue to make mistakes. Still the ones who correct their mistakes will also not be profitable traders. Because trading is not a skill you can learn by practice, it is not an exact science. You manage to place orders and they get executed, you make a profit, you should be happy. Dont think that you are a "successful" trader, because the term is a misnomer. A trader is not successful, they are profitable for short periods of time and they should bank on that.

Trying a new trading strategy takes weeks or months before you see if it's profitable or not. There are some strategies that will work for you, but there will be some that will just not for various reasons. There are some strategies that works for scalpers, for swing traders, and for position traders as well. Sometimes, it's hard to find a gray area on this one. I mean let's say you have a strategy that you choose, but that strategy isn't for you. Now you want to improve it, but whatever you want to do, it will not work for you because it isn't for you at all. That's why finding the right strategy that works for you takes time, patience, and discipline as well. There might be some that doesn't have any strategy at all and they're just relying on what they see on the charts (trade through price action). Search for the strategy that will work for you, backtest it for weeks then if you feel that it works for you, that's the time where you hone it and improve it so that it will help you make more profits. Let's also note that there's no strategy that works 100% of the time. Improving that "strategy" will just lessen your losses because TRADING IS A GAME OF PROBABILITIES.

Trading is indeed not easy as the way but most people keep trying trading because they see the chance of making a profit. They don't learn what they need to trade but they just follow others move to buy the coin. They are tempting with others strategy as they got loss in trading. They don't think that is their mistake why they didn't learned about trading. So it is better they start to learn from their mistake and also learn more about trading. If they can improve their skill, they will see that they must create more strategies in trading. That is because the market always move and they need to adapt with the other strategies.

The problem with this suggestion is that people always come up with newer, different ideas which they want to try because they think these newer ideas might be “better” than their original strategy. If their original strategy gives them say 5% in profits per trade, why not increase it to 10% by trying something different? And just like that they get drowned in hundreds of different ideas and in the end they end up making nothing. That’s why I am a hodl and see guy. Trading is way too complicated.

You have actually said it all bro, most traders just dive into the market blindly hoping to make something out of it without any strategy or any knowledge on what they are actually doing, while some strategy will only be giving you losses upon losses, so the best thing is to change and try something else if you find yourself in such a situation, because it's only stupid people that does the same thing over and over again and be expecting a different results. Then as for the  statement I made bold, this particular one has more to do with those emotional people, even though they are being thought and tutor by the best trading teacher, they might get the knowledge right, but they will still be losing money because they can't keep their emotions away from the trades they took, and because of their inability to control their emotions they will keeps on losing money for years because they have fail to master the most important skill in trading, which is keeping your emotions in check while trading. But the best way to keep your emotions in check is to trade with what you can afford to lose, because with that you wouldn't be too bothered if it's going against you.

Real traders do not just leave their strategy and find another. Instead, they will work on it until it’s fully developed and turns into a strategic one. However, beginner traders do not see it as a priority but prefer to use and disregard it if it’s not working. While strategies are meant to be worked on until it become suitable to the traders, but newbies fail to realize it. That’s the reason why only few succeed in trading while majority just keep losing because of not giving it enough time to make it work but instead shift into another strategy that aren’t familiar to them.

CT influencers shouldn't be trusted that they end up having to sell their courses, don't be attracted by their trade shows, in fact it's usually to lure people into buying their subscriptions. If you have principles then do your own strategy...All traders can do it as long as they are willing to learn even if it takes a long time to understand. Including I have my own way of trading although not too often, because I know I don't know to do it continuously just rely on trading, so what I don't understand will be learned while trading with small capital first.

The best trading strategy is a strategy that you create yourself and a strategy that you really master, like, understand, and learn well. To become a profitable trader is not easy and also takes a long time because it really requires experience for you to take and learn well again so that it can be improved. But this is where most new traders when there is impatience and failure, they try to use other people's strategies which in fact failure is a process for them to become profitable traders who should stick with the strategies they have and other people's strategies even famous people who can be relied on because there are so many advantages that occur, this can be used for purposes that can be taken or followed which can indeed help or can cover up mistakes or shortcomings of the strategy you have, if indeed it can help and be useful for you. But you don't have to search and choose blindly and you only choose the strategy that you think is the best and can help your strategy become better.

Even a 5% profit strategy can work well for a while even long time too but it has time of failures. Depends on how a trader manages trading capital, times of strategy failures can lead to big or small capital loss. Trying a new trading strategy is more dangerous because you have yet mastered it like your favorite trading method. With new trading strategy, if you want to try, always carefully try it with very small trading capital. Unfortunately, if a trader is careless and bad in trading capital management, trying a new strategy will be nightmare by using all or most trading capital and get mass loss with a new trial trading strategy.