Quote from: Ahli38 on July 11, 2025, 02:19:08 AM

Quote from: Coin_info on July 08, 2025, 12:38:19 AM

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.

Having a strategy is essential for a trader. Every trader's strategy is different, as each trader has their own unique experience, which will also vary slightly from one another.

Usually, when we have a good strategy, learned from extensive market experience, we can maximize profits. Maximizing doesn't mean never losing. But the profit ratio must be greater than the loss. And if we can consistently implement it, it will generate a decent income. It depends on the capital we have.

Clearly, a strategy can't always remain the same. As traders, we must constantly adapt to market conditions. Therefore, I sometimes change my strategy to adapt to market trends or situations. What usually causes someone to continue losing even with a good strategy is that they usually haven't mastered risk management, emotional management in the market, or trading psychology, and also haven't mastered money management. Therefore, such people often panic and fear easily. They sometimes deviate from their own, even if they have a good plan. Afterward, they regret it and try to re-enter, only to lose. I've encountered many traders like that, and I used to be like that myself.

Of course it would be essential or something a must thing to have because at the time that you do make out some trades but without having that proper analysis and plans then you are just that basically doing gambling. On the time or moment that you do deal up with this volatile space, then make it sure that you would be needing up to find yourself that knowledgeable on what you do. You cant just that dive in without having any plans that you would be needing up to execute. Maximizing profits is something that all of us would be trying out to do as a trader but since we dont know on what the market would be behaving or lets say that even just that finding out the bottom or its peak then it wouldnt be something that so simple or never been that possible at all. This is where your experience and knowledge as a trader will be that tested out at the time that you do make out some engagement at the time that you do make out some trades. You cant just that dive in without having any preparations or knowledge about it on which just like been said that you are just that simply doing gambling and both things shouldnt be that getting in line. When you are doing trading on which of course you would be that needing up that knowledge so that you can be able to handle yourself when it comes into the possible situations that you do face up specially on price market volatility. Some traders do easily get freaked out when they do face up some loses on which this is actually just that normal. It all matters about risks management on this case but since not all people would be having that kind of approach then they would be that usually having those common problems to be faced on. The ones who do able to make out that sustain are the ones who do have that chance or probability that they do become successful into this trading field.