Quote from: EarnOnVictor on May 03, 2025, 10:42:54 AM

Those simple strategies you undermine are enough for you if you work on yourself. I was shocked when I realised someone bought a trading strategy for $3,700...oh my God! Huh

And guess what, it failed him, what a waste!

Should I say this is greed or what? Because I have never seen something like that before. Real traders don’t do that. This person doesn’t want to learn; he’s looking for a shortcut to earn money from trading, and that is why he feels buying a strategy to trade will make it easy for him. He forgets that regardless of which strategy a trader will decide to use, he or she must lose money. Moreover, even if the strategy is correct, he won’t make money from it. I don’t think he’s even emotionally prepared to trade since he’s scared of losing money.

Quote

A good trading strategy is important, but what traders need to succeed is not an absolute strategy that gives 100% winning. A 60% winning strategy is okay if you can work on your trading psychology and money/risk management. As simple as the two are, they've reshaped my trading results for good.

Normally losing in trading is something a trader cannot avoid, and that is why it is advisable to use the amount you can afford to lose, although sometimes when a loss is too much, then that trader should work on his strategy. You can’t be losing all the time, but even with that, emotional maturity needs to be there and other skills that are needed in trading.