What trading strategies do you use and what indicators tend to give you the best results? And how many indicators are you guys using at once?
1. Never sell on a loss. Bad trades go into the hodl pile.
2. Do not worry about how low the lowest price will be. Just buy the dip.
3. Keep your emotions in check and do not trade when you are emotional.
And that is basically how to be successful in trading. If you can train your mind to do the opposite of what everyone else is doing, you win. Only trade when there is volume in the market and be patient. The process of trading can also be tricky if you have limited knowledge. However, with the right strategy and setup, you can be successful. That is the essence of trading and point number three should be there for every trader and it is the key to being a long term trader.
Strategy is about discipline and we must be able to be consistent with this strategy and stick to the plan because Trading is not just about making quick moves, but about understanding the market and being patient. Knowing the strategy is important, but execution is even more important.