How novice traders find their own trading patterns $XRP
I previously mentioned that the first step for professional traders is to build their own trading strategy. Many beginners ask me how to start from scratch, so today I will share my experiences.
First, it's important to clarify: every trade must be based on a strategy and meet fixed conditions before opening a position; it should never rely on feelings or guesses.
The first step for beginners is to choose a suitable cycle based on their time and personality: 3 minutes, 15 minutes, 1 hour, 4 hours, etc. The gameplay varies completely with different cycles. $BNB
Next is the core: building a strategy. It is recommended to start with classic models, such as the turtle trading rules, 20MA support, support and resistance trading, etc. Select one to deeply understand and don’t switch back and forth. You can also learn from real traders to avoid many detours, steering clear of “mentors” who only sell courses without real trading experience.
Once familiar with the model, conduct extensive backtesting with historical data, optimize conditions, filter key elements, adjust win rates and profit-loss ratios, and improve the expected value of the strategy. Meanwhile, continuously adapt in live trading to overcome issues such as mindset and position management, which is a necessary path for growth.
One last important point: both backtesting and live trading should have screenshots kept for future review and summary, allowing for continuous improvement. $BTC