Having a personal strategy to me isn't just the key but the ability to stick to it, is.
Agreed this gives you total control too unlike waiting for signals which leave you dependant on such services.
I have been trading synthetic indices for over 6months and I feel it is better to have a working personal strategy and keeping to it, even at the days and times of loss.
synthetic indices, interesting...I have friends that trade these and always complaining of manipulated markets, what's your experience on the manipulation topic?
Btw by synthetic indices are you talking about assets such as boom and crash, or maybe volatility indices???
I know of Deriv and some other broker just can't remember the name, which broker are you using to trade
your indices ?
I'm seeking to know if having a personal trading strategy has been able to enhance your trading profitablity and if you really keep to a particular strategy that worked for you even when it seems it's failing you later on and for how long do you stick to this strategy?
If it's a winning strategy then you will always make bank, it just gets ugly if you aren't getting winning setups which means getting back to the drawing board to help fine tune your strategy.
I use one of the simpler brokers which is DerivGo and it was a fun time trading those indices and I basically traded the volatility indices as well as the boom and crash and there was a time I traded volatility 75 and made over 2k dollars in less than 48 hours and the unfortunate part was that I allowed greed to take over me and I lost the whole 2k dollars in essence than hour😁
Well I don't know if the .arker is manipulated but one thing is obvious in the industry which is the fact that the moment we are making losses, there are tendency to look into the Brooker and wanting to accuse them of cheating.