Quote from: LUCKMCFLY on Today at 09:17:19 PM

Quote from: Luqman on September 21, 2021, 10:38:30 PM

Quote from: Issa56 on September 21, 2021, 08:57:03 PM

I think if a particular strategy is not working again them I believe you should change it, maybe due to current market situation that's why your strategy is no more functional

True. His trading strategy doesn't work well anymore. Not sure what his trading strategy is, but if it is no longer effective then should be changed. The current market situation may be one of the reasons leading to the ineffectiveness of a particular trading strategy. I recently changes my trading strategy and my goal in trading. Now, I set lower profits and only holding 1-2 days after I bought a coin.

In my case, establishing low profits depends on the type of balance I have, if I have a low balance I think the profits have been low and the risk is very minimal, but it would be excellent to have a sufficient balance to risk a little more , I believe that profits will always be good, no matter how few profits, the important thing is that they add to the balance sheet. If there are big profits it is because obviously a great time has been left in investment or that perhaps a lot has been leveraged to increase it. Well and in the case of establishing profits, you can search as many do, which is through percentages, I have seen that many traders will only focus on making 2 or 3% daily, which is not easy but it can be done. .

Better to take this amount of profits if you are aiming for short term or on a daily basis, not easy but doable with the right pattern to follow and with a good mindset to fulfil such goals. If you are into trading, you need to focus yourself with plans that you are really capable handling every risk that you are taking, you can't move forward if you are being influenced by doubts and fears, make sure to have a concrete plans before making any hard decisions. Be adjustable in times that you need to let go and allow yourself to cope up if losses happened. It's not easy, but if you are willing, you can always earn back with the right timing and right choice of assets to invest.