Quote from: AltcoinAdvent on November 29, 2024, 06:41:10 AM

Quote from: goldkingcoiner on November 27, 2024, 06:00:28 PM

Quote from: Ekanayake90 on November 24, 2024, 08:49:39 AM

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.

..This is some solid advice! Holding onto losing trades can work in long term strategy but its important to still reassess them periodically. Buying dips is great but timing matters too. Keeping emotions in check is key, trading with a clear head helps you stick to your plan instead of reacting impulsively.

Survival is the most effective strategy in trading, especially if you have long-term goals. But certainly in trading, having many skills, many strategies, and having a lot of information is not enough. But we must be accustomed to discipline and maturity towards emotions because both play a very important role in achieving success in trading.

At all times we must be able to control our emotions because making decisions in an emotional state will affect the trading goals we are targeting, especially when the market is fluctuating. Managing emotions is very useful for both beginner and advanced traders because when we can control our own minds, we can make money with any strategy we have learned.