Hello everyone,
I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
in trading you can't use one strategy. the crypto market is always volatile in price and volatility. you should always update your strategy, or you should prepare your backup technique strategy because that is the only way to get back your lost money. so I think improve your strategy and try to analyze your mistakes to serve as improvements in the future.
While not wrong at the same time people need to remember to backtest their strategies all the time, after all there are many people with countless strategies but they do not have any idea if their strategies actually work, so it is better to only have one strategy that you have actually backtested than to have multiple strategies that you do not know if they are profitable or not, however if you can have both and you have several strategies while at the same time you have backtested each one of them and you know they are successful then that is the ideal scenario, because that way you can use the strategy that better fits the market at the moment.