A good trading strategy is if you truly builds the best possible plan. The market is truly unpredictable and prices can change at any time. Therefore, having a plan and knowing how to anticipate potential losses gives you the opportunity to thrive in the trading world. Some traders simply take big risks like gambling, celebrate their wins and then try again if they lose.
There are many trading strategies to try, but avoid high-risk options like futures trading if you don't fully understand them. Start with spot trading, while maintaining proper capital management and prudent risk management. Small profits may be good for beginners, but losing everything can be devastating.
However, the problem is, you cannot anticipate potential losses most of the time so even the best plan you prepare will never be worthy some time. The key here is to learn to adjust your strategy and make some positive changes if it’s needed. But if you’ve seen no chances at all, it’s better if you can create a new, highly potential trading strategy that you think is much better than what you had at first. And just repeat the process when it’s no longer profitable at all.