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Does your strategy work on any market?


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On 22/02/2021 at 09:43, THT said:

 

I'm afraid one the bad things about trading is you have to read and test a lot of the stuff out there to realise it does not work or suit your style, all the while the sharks are happy to take your £ until you fathom it out

 

I've seen people talk about style -- why does it matter?  It seems like people use the word as a hand-wavy way to avoid illogical things they cannot explain.

"Why am I losing money" -- > "Oh this method doesn't match my style"

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13 hours ago, CaptainSamurai said:

I've seen people talk about style -- why does it matter?  It seems like people use the word as a hand-wavy way to avoid illogical things they cannot explain.

"Why am I losing money" -- > "Oh this method doesn't match my style"

Yeah some do - I could probably write a chapter of a book on it - I'm not here to write a book or explain everything thing about trading and Investing - I'll leave that up to the Individual to explore should they choose to

Trading and pulling the trigger is mental - you try trading a method that does not suit your personality and it'll cause issues, hence why your trading style/method etc matters significantly

I've already stated that I trade using precision, tight entries, tight stops - thats ME - others might be happy just buying the market at its current place, having a wide stop - that's fine if that suits them

You have to trade a method that you're comfortable using and it HAS actually work

You find out style with practise - practise means committing real money to the plate - you can trade gazillions in a demo account, real world is totally different

Remember trading is a combination of multiple aspects, so you might have the right style in place but may be losing as your expectations of the trade aren't what the market is prepared to give you

 

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