There are traders that have a good strategy that they use in the market, but still are unable to maximize profit they make.
I think that success in trading is in two parts, which is
- First having a strategy,
- Secondly knowing how to utilize the strategy to profit well.
After learning the first, it is important to learn the second else you will be a trader with a strategy that should work, but no profit to show for it. When you hear of traders who were successfully able flip small account sizes to big ones in a short time, it is not just because of their strategy alone, it is also due to understanding of how to maximize profits and minimize loss.
Everyone who tries to maximise their profit, fails, that's the rule of trading. When I say maximising, I mean that you should buy at its lowest and sell at its highest, which is impossible to guess because you don't control the market.
If you have a good strategy, you will not fail either. My strategy is that I always wait and when I miss a chance, I do not FOMO, I wait until the right time comes. I try to catch the best moments and not every moment. Because of that, I've been successfully profiting since 2022, I've doubled my money for 3-4 times since 2022. Btw if I don't get the maximum profit, I don't care about that. If I sold coin at 90K and the price reached 100K, I no longer care about that, I try to forget it and to catch another good moment because when I tried maximizing profit, I always lost.