It is wise to have your own strategy cause trading is highly depend on it. technical & fundamental analysis, money management, buying positions, all are depends on strategy. The more perfect strategy you have, the less possibility for your assets to be lost.
and for how long do you stick to this strategy?
So if you find out better strategy which is better working then previous one, then feel free to replace it with new one. Cause thus your Strategy will be more effective in upcoming days.
I had to qoute you because I love how straight forwarded you were answering the questions but I wish to know if you think having a personal strategy at some point guaranty some sort of profits because I personally don't think so.
I go with the idea of watching and following some experienced traders. They can give you good hint in performing your trade, might not
have the same outcome, but you'll be able to learn from how they execute their trades.
There are some situations where someone can just hear about crypto trading for the first time and be ready to go into it without even having anyone to teach them; at that point, they may not really have or see any experienced traders to learn from. So, sometimes there is no really experienced trader to learn from; the only thing to do is practice on the Demo account, if the trading platform they are using has a demo section.
One thing you must know is that, there is a bug difference between trading on demo and trading on a real and live account. I've always believed that no matter how good you are with trading on demo especially as a newbie, there are still great possibilities of breaking alot of the rules and principles you might set before starting on a real account and this happens most times because people trade with emotions and very high expectations and relatively very low capital and expect to make all the money their imagination can think of and hence leading to blowing of account.
Don't know if you've heard of copy trading but so many people are already engaging in this without wanting to bother themselves with all the stress of reading charts and getting a strategy.