Post
Topic
Board Trading Discussion
Re: Do you somehow define before hand your trading strategy and write it down ?
by
Oshosondy
on 01/07/2023, 08:04:44 UTC
Im selling an iPhone here and asked for a loan so I can start my trading journey (hopefully soon) but the trading strategies got me thinking. How well do you define that for yourself? Or think about it? write down or on the wall or whatever?
Getting a loan to trade? That shows how you are not a good trader. Do not borrow to trade. Start with the little amount of money that you can afford to lose to trade and do not increase it if you do not see profit most of the time.


This is my knowledge on Trading Strategies. There are several types of crypto trading strategies, such as day trading, range trading, scalping, high-frequency trading, dollar-cost averaging, and arbitrage trading.
You are mixing types of trading to trading strategies. Day trading and scalping are part of the the types of trading. Abitrage trading is under category of trading. DCA is used in investment. You can use averaging in trading but we refer to it as averaging.


The popular trading strategy that you might want to consider is dollar-cost averaging (DCA).
Investment strategy, not trading strategy.