Post
Topic
Board Trading Discussion
Re: Is it best to have a personal trading strategy?
by
ndutndut
on 25/06/2023, 19:13:53 UTC
Absolutely, yes! Everyone should have their own personal trading strategy because a strategy that is earning you a profit can potentially cause someone else to lose money.
What you need to know first is that the world of cryptocurrencies is famous for its extreme range of price fluctuations. This also causes investors to be interested in trading, even though it is difficult to learn. but if you have a strategy and keep learning it will be very profitable.

Because it is undeniable that the majority of investors trade Bitcoin for profit not loss, therefore it is necessary to have an independent strategy. It is also not wrong to listen to other people's strategies to be taken into consideration for their own strategy. Thus, you cannot just trade it carelessly, but must understand the basic techniques and the right strategy. Because it is very strange if you don't have a strategy, if a bitcoin trader is just feeling or instinct.

In conclusion, every Bitcoin trading strategy is to gain more profit in buying and selling Bitcoin. In essence, every trader must start from a small amount first in order to minimize losses. After knowing how the market works and finding the best strategy for trading Bitcoin, I think it would not hurt you to increase the amount of bitcoins you buy.