Is it necessary to develop one's own trading strategy? - Page 34
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Thread: Is it necessary to develop one's own trading strategy?

  1. #1
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    Lightbulb Is it necessary to develop one's own trading strategy?

    As we come across the writings and suggestions of the trading Gurus, they are seen repeatedly suggesting the traders to develop their own strategies which does have many benefits, such as:

    It would be compatible with the nature of a particular trader.
    It would ensure that you yourself are responsible for your profit and loss and won't search for scapegoats in times of loss.
    It would make you in your self a developing organism as a trader, thereby making your strategy better day by day.
    It would make you self sufficient and independent.

    Do these things actually exist or are these simply idealistic things?

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  2. #331
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    Quote Originally Posted by ravian View Post
    As we come across the writings and suggestions of the trading Gurus, they are seen repeatedly suggesting the traders to develop their own strategies which does have many benefits, such as:

    It would be compatible with the nature of a particular trader.
    It would ensure that you yourself are responsible for your profit and loss and won't search for scapegoats in times of loss.
    It would make you in your self a developing organism as a trader, thereby making your strategy better day by day.
    It would make you self sufficient and independent.

    Do these things actually exist or are these simply idealistic things?

    basically the strategy or trading system that exists at this time is a development or modification of basic trading science. This strategy or trading system is based on the trading experience and style of the developer or inventor of this strategy. of course he did his research first, then studied his history, looked for weaknesses and perfected it. he developed a strategy based on his capture of the knowledge he learned. so it is not uncommon for a system or trading strategy to be profitable for its inventor or mentor and a handful of people but not so for others.
    therefore it is good indeed that we study trading from the most basic things, such as support and resistance, suppy and demand, basic indicators such as candlestick patterns, Moving Average and others. then adjust to our trading style, the way we look at price movements, the way we see volatility in the market, find and find shortcomings, then fix it until it's perfect for us so that we can make weapons in the face of the market.

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