What works?

Most of the time that I trade, I strive to improve my own trading systems and I even had to change my trading style from fundamental long-term to medium-term trading. And now my system is working successfully and collecting investments.
It is important to understand the basic aspects and principle of the financial markets, and then with the professional approach, any system, if used correctly will work.

MarcellusLux posted:
Most of the time that I trade, I strive to improve my own trading systems and I even had to change my trading style from fundamental long-term to medium-term trading. And now my system is working successfully and collecting investments.
It is important to understand the basic aspects and principle of the financial markets, and then with the professional approach, any system, if used correctly will work.

So are all your trades based solely on fundamental analysis? I find it difficult to actually trade based on that alone

whitneytyler posted:
@AliaDare I would like to add discipline to patience. I would rather say patience and discipline are two of the most valuable assets in successful trading.

Very true! Discipline is very important aspect when it comes to making a successful trading

whitneytyler posted:
@AliaDare I would like to add discipline to patience. I would rather say patience and discipline are two of the most valuable assets in successful trading.

Exactly, any strategy can be used in trading, but these important issues need to be maintained.

CatWalker posted:

MarcellusLux posted:
Most of the time that I trade, I strive to improve my own trading systems and I even had to change my trading style from fundamental long-term to medium-term trading. And now my system is working successfully and collecting investments.
It is important to understand the basic aspects and principle of the financial markets, and then with the professional approach, any system, if used correctly will work.

So are all your trades based solely on fundamental analysis? I find it difficult to actually trade based on that alone

No, but it was the basis. I changed from fundamental basis to technical and also duration has been changed.

AliaDare posted:

whitneytyler posted:
@AliaDare I would like to add discipline to patience. I would rather say patience and discipline are two of the most valuable assets in successful trading.

Exactly, any strategy can be used in trading, but these important issues need to be maintained.

Yes. You are absolutely right.

-Tested Strategy
-Mindset
-Right psychology
-Money Management
-Patience

@FedericoLin Yes you are absolutely right. Along with those quality one needs to know when to trade and when to sit out and observe the market.

Bela_fx posted:

whitneytyler posted:
@AliaDare I would like to add discipline to patience. I would rather say patience and discipline are two of the most valuable assets in successful trading.

Very true! Discipline is very important aspect when it comes to making a successful trading

If I trade without managing discipline, it is not possible for me to trade by maintaining success.

LukeRachel posted:

Bela_fx posted:

whitneytyler posted:
@AliaDare I would like to add discipline to patience. I would rather say patience and discipline are two of the most valuable assets in successful trading.

Very true! Discipline is very important aspect when it comes to making a successful trading

If I trade without managing discipline, it is not possible for me to trade by maintaining success.

Completely agree with this. It is key to have discipline and also a plan for every aspect of your trading

CraigMcG2020 posted:

LukeRachel posted:

Bela_fx posted:

whitneytyler posted:
@AliaDare I would like to add discipline to patience. I would rather say patience and discipline are two of the most valuable assets in successful trading.

Very true! Discipline is very important aspect when it comes to making a successful trading

If I trade without managing discipline, it is not possible for me to trade by maintaining success.

Completely agree with this. It is key to have discipline and also a plan for every aspect of your trading

Thanks, everyone. Trading without a plan is complicated.

FedericoLin posted:
-Tested Strategy
-Mindset
-Right psychology
-Money Management
-Patience

Nice list and I would like to add some little point, if you wish to get your strategy well used constantly, you should change it when the market changes or use an additional strategy, system and plan.

Having the right mindset and testing out the strategy as much as you can to improve trading skills can be proven to be useful

I think that the best strategies will work in all markets. The strategy should automatically be able to adapt for different markets conditions

CatWalker posted:
I think that the best strategies will work in all markets. The strategy should automatically be able to adapt for different markets conditions

In order for the trading system to work in different conditions, it is necessary to create a certain set of algorithms. It is a complex process that requires a local approach and I have seen few traders who are able to tune the system so well. For example, with high volatility and directional movement, you can use levels theory, oscillators, trend indicators, but with horizontal movement, patterns and breakout rules. In addition, risk management will be different.

@LukeRachel I completely agree with you that discipline is one of the most vital aspects of trading. Undisciplined trading would make it very difficult to manage risk and result in a loss most of the time. Also to keep in mind that disciplined trading would always result in a profit but it reduces the chances of loss.

gwendolyncole posted:
@LukeRachel I completely agree with you that discipline is one of the most vital aspects of trading. Undisciplined trading would make it very difficult to manage risk and result in a loss most of the time. Also to keep in mind that disciplined trading would always result in a profit but it reduces the chances of loss.

To understand the market conditions, traders need to understand the sentiments and discipline that should be managed to make a profit properly.

Lionkingdom posted:
Sometimes candlestick analysis works, sometimes the Bollinger indicator, and trend trading, and sometimes it is better to trade against the trend. The trader himself chooses which signals to ignore and which to use.

Fluctuations. Therefore sometimes signals 'works' and sometimes 'not working'.

gepards posted:

Lionkingdom posted:
Sometimes candlestick analysis works, sometimes the Bollinger indicator, and trend trading, and sometimes it is better to trade against the trend. The trader himself chooses which signals to ignore and which to use.

Fluctuations. Therefore sometimes signals 'works' and sometimes 'not working'.

Yes, of course, every trader must have the ability to predict market sentiment.