You know, trading strategies are the backbone of how any trader approaches the market. Whether you're into day trading or future trading, a good strategy gives you structure and a framework to make informed decisions.
Lately, I've been seeing the importance of community and shared knowledge around trading come up a lot. Sometimes the best insights come from discussing charts, setups, and market sentiment with other traders. Since I'm posting this, I'm sure you guys will have some tips to share that I can use to trade more wisely.
I also take some insights from Bitget Insights and Binance Feed. Besides being great resources, I've noticed I'm earning a bit of $BGB for checking things out and interacting on the former exchange's Insights. It's a nice way to get a little something back while I'm learning. Don't you think it's a cool way to learn and earn at the same time?
I agree with you that having a good strategy is very important in trading. Without we are not going to make consistently positive returns if we don't have a strategy that we can rely upon. The opposite would be if we make gut decisions every time we enter or close a trade. This might lead to a few lucky trade, but is never going to make us long term returns. The big question is how we develop our strategy and if we should share it publicly. When it comes to sharing trading ideas online and discussing them with other traders, I think it's a good idea. Nobody knows everything and when exchanging our ideas with others we can get new insights that we might have missed otherwise. However, sharing our full strategies online seems a bit much for me. Maybe I am too secretive and feel like other people could take advantage of me, but when sharing a fully working strategy for free it could hurt me. The first issue would be that other people will copy that strategy and take away profit from the market. In case our strategy is time sensitive and uses market inefficiencies to make a profit, then more traders trying to do the same trade will reduce the inefficiency. Financial markets are very dynamic and a trading strategy is not going to be profitable for ever. So, it’s good to