Trading strategy. Does it needed?

Kaldir

Junior member
In this thread, I would like to learn more about trading strategies and how to use them. What is it all about? How are they applied?
In your own words, if possible. Do not copy texts from the web.

Talk about your strategies and their results (even if they are bad).
 

MonkeyMike

Junior member
In this thread, I would like to learn more about trading strategies and how to use them. What is it all about? How are they applied?
In your own words, if possible. Do not copy texts from the web.

Talk about your strategies and their results (even if they are bad).

I don’t have my own strategy yet, but I hope that one day I will develop it. It seems to me that a strategy is somehow necessary in any case. At least have an idea of when to open and close trades. How much profit or loss is allowed for you. No matter how you trade, you use a strategy. I think even the absence of a strategy is also a strategy:)
 

tomorton

Legendary member
In this thread, I would like to learn more about trading strategies and how to use them. What is it all about? How are they applied?
In your own words, if possible. Do not copy texts from the web.

Talk about your strategies and their results (even if they are bad).
There are only two strategies - do what price has been doing, or do the opposite. Which means either buy because price has been rising or buy because it has been falling: or sell because price has been falling or sell because it has been rising.

In summary you either follow the trend or you trade a reversal of the trend. It is easier to time a trade which follows the trend: most trades with the trend will be in the right direction. A reversal trade has a greater possibility for profit in a short time period: most reversal trades are in the wrong direction when they are opened.
 
 
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