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Customize your strategy

Nov 06, 2020 at 13:08
913 Views
16 Replies
Member Since Jul 19, 2020   751 posts
Nov 06, 2020 at 13:08
We need to customize or personalize our strategy. Every person needs his own understanding of the market and price. That's why we don't get success by following other's strategy. Without customized strategy, long term success in trading is not possible.
Member Since Oct 13, 2020   34 posts
Nov 26, 2020 at 07:41
It is important to personalize your trading strategy in accordance with your trading requirements if you really want it to work for you.
Member Since Jul 23, 2020   759 posts
Nov 26, 2020 at 17:40
I also prefer to build and use my own trading strategy. Every person has his/her own agenda. So, customize your strategy in your own way of trading.
Member Since Jul 20, 2020   341 posts
Dec 28, 2020 at 20:19
If you want to become a good and professional trader you need to have a plan to deal with the losses. If you can deal with the losses it is possible to overcome the loss and make a profit from this market.
Member Since Jul 23, 2020   869 posts
May 25, 2021 at 21:19
Try to improve your strategy continuously. Don’t think that your strategy will work all the time.
Member Since Dec 22, 2020   11 posts
Sep 25, 2021 at 16:07
Absolutely agree with this statement.Trading strategy is like a rifle: yu've got to know it perfectly well in order to use it in the most efficient way. Trading strategy shouldn't contradict your personal vision of the market. Like there are many traders that I know who don't understand how some of the trading strategies work, but they implement them and manage to earn some money. However, I feel that it cannot last long because one day they will face with the situation which they won't be prepared for. More than that, every trading strategy should be improved regularly because the markets are changing all the time, so, if you want your strategy be efficient in earning the money, you have to do some alterations in it all the time. Surely, it is impossible to do if you don't know how your strategy works.
Member Since Jul 19, 2020   788 posts
Sep 26, 2021 at 00:02
If I want to be successful in the long run, I have to make it worth it. I have to develop a strategy and move forward in trading without getting help from others.
Member Since Nov 01, 2020   10 posts
Oct 12, 2021 at 19:21
Strategy should always be modified according to the alterations of the market. There are no ideas which work all the time on the market, tendencies are changing all the time.
Member Since Mar 26, 2021   11 posts
Oct 12, 2021 at 19:23
Everybody should modify every trading strategy according to their needs and personalities. The same trading strategy can work differently for different people and in different market situations. That is why a trader should create his own trading strategy in order to know its strong and weak points perfectly well and how the strategy cooperates with his psychology.
Member Since Mar 17, 2021   536 posts
Oct 12, 2021 at 20:20
Naen posted:
Everybody should modify every trading strategy according to their needs and personalities. The same trading strategy can work differently for different people and in different market situations. That is why a trader should create his own trading strategy in order to know its strong and weak points perfectly well and how the strategy cooperates with his psychology.
Yes. You are right.
Member Since Jul 20, 2020   399 posts
Oct 14, 2021 at 06:59
skihav posted:
I believe that if something works well, then it should not be changed.

This is so true. Like ive known so many that had profitable strategies and then for some reason add an extra indicator or they decide to go to another timeframe. It baffles me. If you have something that works stick with it. Otherwise why would you want to change
Member Since Aug 21, 2021   61 posts
Oct 14, 2021 at 11:29
I believe that a trader should be ready for the next market move since the market is unpredictable and should customize the strategy and trading plans according to the ongoing market conditions.
Member Since Feb 08, 2019   57 posts
Oct 17, 2021 at 16:13
UweMoench posted:
We need to customize or personalize our strategy. Every person needs his own understanding of the market and price. That's why we don't get success by following other's strategy. Without customized strategy, long term success in trading is not possible.

Took a while but certainly found this to be very true, and was the break through in my trading.
Member Since Feb 15, 2021   12 posts
Oct 18, 2021 at 17:19
Surely, every trader should have his own trading strategy basing on his personal qualities and psychological pecularities. In spite of the fact that there are lots of trading strategies described in different forums and on youtube videos, however, such strategies may be inconvenient for you personally and you will have no options but to modify it according to your needs.
Member Since Jun 09, 2021   44 posts
Oct 29, 2021 at 06:12
A trader should know when to get out of a trade. A trader should be able to cut their losses quickly, knowing that they’ll also have the ability to bounce back quickly. Always customize your strategy to fit your personal needs.
Member Since Mar 16, 2021   477 posts
Oct 30, 2021 at 02:04
Customers need to understand what they want. Customers need to ask what they want. They have to build the platform as per their demand. It should be easy, effortless and efficient for the customer to solve problems. Basically work in customer service.
Member Since Apr 09, 2019   538 posts
Dec 17, 2021 at 13:40
This is so on the money and something a lot of new traders don't grasp as they are looking for the shortcuts to able to get into the markets and justr start pulling money out. Truth is there are no shortcuts and the process of creating your own bespoke strategy takes time whether you submit to that or not.
If you can't spot the liquidity then you are the liquidity.
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