Post
Topic
Board Trading Discussion
Re: Can old trading strategies work again?
by
Baoo
on 03/04/2023, 16:15:57 UTC
Thinking about how trading strategies need to always be changed and how one strategy may not work for a long time, what do you do with the strategy that you are about to change. do you just forget about it completely once a new strategy starts working for you? or do you keep it in remembrance for the future. If you have experienced this before; has any old trading strategy that you decided to apply work for you? Is it possible that old strategies may work in the future again?
Trading doesn't have old strategies and new strategies, the fact is that when you are trading frequently you understand the factors that hinders you during the process, so when you have understand the loopholes that leads you into failure in trading and try to avoiding them it looks like you have a acquire new style or strategies of escaping lost in trading, the major thing we don't understand is that practice make perfect,  and its very obvious in trading.
Good point. In addition to that, you should adopt yourself in every new situation. That’s why the strategy always changes depending on the market condition, it means each one can be useful and effective in a short period and few conditions. In opinion, it is really essential to start with analyzing the market before trading. Also, reading cryptocurrency charts is important  too. Plus, it is always better to create your own strategies instead of following traders especially if you are able or capable to. Some newbies hire private experts in trading, and give them % of profits like 10-15% depending of the budget. Maybe that’s the easiest way to gain money with less effort in trading field.

Unfortunately, there is a plenty of beginners who make wrong decisions without even knowing the basics of trading. They losing money because of greediness and lack of knowledge. You should take your time by reading and learning this field before even starting. That’s how it works. Step by step until your reach your goal.