Quote from: CaVO32 on Today at 11:35:53 PM

Quote from: sheenshane on March 05, 2022, 11:43:56 PM

Quote from: GreatArkansas on March 05, 2022, 10:55:51 PM

..that's why there is stop loss/targets because it will save you to maximize your profits and minimize your loss.

It's a good point to always set a stop loss or target in every trader so that they will know about their loss, if your strategy will not work at once or twice, don't let it will happen next, find another one and try. It seems to sound like trial and error but through this error, you should learn about it and apply it in the next session and avoid not will happening again.

I tend to agree with others there's no accurate trading strategies, all of them are speculating the market try to draw a conclusion which is only predicting the possible outcome but in fact, it's unpredctable and no really knows what will happen next.

In trading, there's is no defined strategy that will make you successful in this endeavor. It will be experience that will hone those skills and knowledge how to react on a certain market. The more info you have for a particular project, the lesser you will incur mistakes. It is always better to continue learning as each project has their own features that your techniques from another project will not be totally applicable to them. If you lost, don't take it as big failure but rather a lesson that you can use for your next endeavor. Sometimes you will encounter situations that are blessings in disguise.

Trading needs more patience and most of the time we have been tested on how committed we are. We can't really avoid losing but we can minimize this if we are too careful and control ourselves. Successful traders have more patience and self-confidence compared to normal traders and I think we can do this also.

I figure out how important to have only a single strategy at a time as we can only focus on one thing. Diversifying just only happens if that is no longer effective but as long as it works, it was good to stick on it rather than trying another.