HeavenLeighRob
Master Sergeant
- Messages
- 346
It's kind of subjective based on the strategy and other factors, but I do think it's important to incorporate some type of strategy into your trading plan.
Agreed. It just need a constant tuning to adapt to the changing pairs.It's kind of subjective based on the strategy and other factors, but I do think it's important to incorporate some type of strategy into your trading plan.
You are definitely right. The matter here is not to create a strategy in order to start trading, the mai idea of strategy is that it should be your base in trading. The vast majority of traders neglect using strategies and they just try to combine various patterns/figures/indicators in order to trade, in case we speak about short-term trading, such as daytrading for example. However, they should not just combine, but also understand why do they combine these idicators. This is the main mistake in my opinion.You definitely need a proven strategy let alone just a strategy. You also need risk management, psychological strength and a willingness to always improve. There are many facets of trading and that's why it takes years to master
You are definitely right. The matter here is not to create a strategy in order to start trading, the mai idea of strategy is that it should be your base in trading. The vast majority of traders neglect using strategies and they just try to combine various patterns/figures/indicators in order to trade, in case we speak about short-term trading, such as daytrading for example. However, they should not just combine, but also understand why do they combine these idicators. This is the main mistake in my opinion.
Every trader should use trading strategy and it doesn't matter how much time do they spend on its creation. It might be months of creating of trading strategy and this is okay. You're right that mastering trading takes too much time, years of practicing and learning.