Do you have a trading strategy? ...and if so, do you follow it with discipline?

[Newton]

The strategy gives us inner confidence and thereby an advantage in trading, because with a strategy we know how to act and what our goals are.

[vegasus]

I don't have a certain strategy in trading. I just use a strategy based on the current condition on crypto market. For me, a trading strategy is important but it shouldn't limit us to explore another way. There are various ways to gain easier profits in trading, so we need to learn all of them.

[zombieroadie]

My strategy is a few points.
- First of all, this is risk management. If you don't know how to calculate risks, if you don't understand this, then you better not start trading until you learn risk management. This is one of the most important things to trade.
- No emotions are allowed in trading. Both positive and negative. Trading is just work, not entertainment. You need to understand that emotions will only confuse you, and you will make the wrong thoughtless action and lose all the money. For some reason, many people forget about it. Therefore, if you have a losing trade - this is normal, look at what the mistake is, think about how to prevent it in the future. In addition, if you have good risk management, then the loss is not terrible for you.
- It is the trading process that is simple, but gained through experience and many many mistakes. Therefore, I don't think that someone who really makes a lot of money from trading will tell you his strategy. Others are taught by those who couldn't profitably trade.
Therefore, be careful.

[bits98]

The strategy gives us inner confidence and thereby an advantage in trading, because with a strategy we know how to act and what our goals are.

Exactly! A strategy is like a guiding light to your trading actions, we shouldn’t skip it at all. It gives you signals like when to act and when not to.

[Peter90]

Now I have strategy. In 2017 I didn't have it and I paid dearly for it.

Set stop loss and accept few percent loss. Similarly other way around. Set up take profit and enjoy even small profit.

It's so simple altogether.

Yes, little steps.
Little losses and little gains.

I remember on a forum, a professional experienced trader said, he never looked for home runs (big, life changing gains), but rather little gains, in best case several little gains within a day.

"If you lose big time, you'll play catch up forever."
I will never forget this line of him

[Mila]

I do not have a trading strategy. I trade on the signals that come to my phone in the trading platform. If there is a signal, I open a trade. I set stop loss and take profit. If a return signal comes in, I close the trade and open the reverse trade. Signals are free, profitable. The company is called StormGain. If the signals become paid, I will think about what to do next.
Maybe I need to think about a trading strategy in advance. I analyze these signals, try to understand how it works.

[sturec22]

Yes, one of the most important part of my strategy is always to stay calm and get rid of my emotions, also getting rid of stress is very important if you are a trader. So it is best to find a hobby or a relaxing method to help yourself. Other than that I think technical analysis is my strategy while trading.

[SRShanuka2020]

In crypto trade, I don 't use indicators. I usually buy and sell from levels of support and resistance. I use typhrems for at least 1 hour and older.

[Cisco]

I have a strategy, which is take profits and cut losses at +/- 5%. But, it's so difficult to do it with discipline. My greediness doesn't allow me to take profit when the prices are going up far more than 5%. Likewise, my mind keeps telling me that it's gonna recover soon when the prices go down.

[masterrex]

Discipline is a must-do when you are doing trading, a strategy sometimes becomes useless if the time is not favorable and it's kinda boring to wait for the so-called opportunity. base on my case I cant tell that I'm doing it the right thing. I was trading on Binance since 2017 usually I earned but not much because my capital is just a limited amount of BTC. my greatest enemy is my emotion and I don't know how to control it.

[vicoma4real]

Most of the trading strategies do not works as expected and I have lost a lot of money due to this. That is why I have absolute confidence with KoinPro smart trade panel that ensure I am in profits regardless of market condition.

[gunhell16]

I do trade and the only strategy I was doing most of the time is buy low, sell high just simple as that.
Aside from this thing none. And for doing it in 5 years now so far so good it gave me a nice profit anyhow, on which
it gave me help to sustain all the expenses I got monthly aside from the commodities I bought every week

[BD-Money365]

Yeah i have a strategy for trading both crypto and stock. I have some knowledge about technical analysis. My most of the capital is in KoinPro. KoinPro exchange  where i can trade both crypto and stock.
So they have a telegram channel and they provide prediction based on technical analysi, if i see their prediction and my prediction are same than i follow the predoction and earn profit.

[maddistrong]

Of course, it's good to read some strategies and make your own one, because every strategy has its own aim and is suited to unic situtation.

[alvi6]

Practice make a man Perfect, I think all exchanges should to include practice account/ training account with dummy balance and let people trade as gain experience like Koinpro and few others helping and encouraging people.