Strategy as the main factor of success. CHAPTER 1
I think you have heard a lot about the strategy, about how important it is and so on. Today we will essentially break it down, and I will explain everything in simple terms so that everyone understands. You just need to like it, share it, so more people know about it.
🧭ANALOGY WITH A HUNDRED PATHS ON A MAP
Let's start today with a general understanding and the components of a strategy. The general understanding of a strategy is to imagine that we have a goal on a map, and to this goal, we can lay out 100 paths, but we must choose one.
📈ADAPTATION OF THE PATH AND THE UNCHANGING GOAL
Along our journey, we can change our path, looking at obstacles, but the goal remains unchanged.
⚖️CHOOSING YOUR OWN PATH AND STRATEGY AS THE ONLY MAP
Similarly, strategy has 1000 paths, but you have to choose your own. Strategy, in a broad sense, is the path that will lead you to the goal.
🌊THE IMPORTANCE OF GOALS AND THE DANGER OF DRIFTING
A goal is an important factor; if there is no goal, we simply drift at sea, without any possible stop.
⚓️TURNING A DREAM INTO A REACHABLE GOAL
A goal not defined in time and methods of achievement becomes a dream, so do not turn trading into a dream; set goals and achieve them.
SELF-ANALYSIS IS THE FOUNDATION OF YOUR FRIGATE. CHAPTER 2
SELF-ANALYSIS AND THE CASINO TRAP⚓️
Choosing your strategy is essentially about assessing your temperament, character, and resources. Based on this, we need to outline our goals. If we set unreachable goals based on our resources, the likelihood of achieving them becomes minimal, and trading turns into a casino. To avoid this trap, one must clearly understand which goals are achievable and which are reachable but require more time and resources.
THE PERSONAL EXAMPLE OF THE CAPTAIN🔥
Thus, conducting self-analysis and resource evaluation is an important point. I will break down my example: knowing about many strategies, I consider myself a trend player—I am ready to incur losses until I ride the trend wave. Because I know that the trend will allow me to earn as much as I lose on re-entries and will allow me to profit. I have enough time and can devote time to this, so I can consider myself a full-time worker.
I also consider myself an investor and can wait a long time for the right position—for example, I held a position in XRP for more than three years until the court case was resolved.
🧭THREE STEPS TO CHOOSING TOOLS
Step one—analyze yourself and your resources.
Step two—set the goal.
Step three—decide what tools we will use.
TACTICS FOR THOSE WHO HAVE LIMITED TIME
Example: if you don't have time for daily analysis, it will be difficult for you to analyze short time frames. It's simple: take a larger time interval. Your entries should be based on higher timeframes, such as 4 hours, days, or weeks. By using higher timeframes, you will avoid the noise of day traders, and the goals will become clearer. You can use reminders about achieving goals by setting alerts on the platform. Your trades will have less frequency, and the approach will be clear and defined—you are not trying to make a bunch of trades an hour when you have free time.
DAY TRADER TACTICS (FAST WATER)
If on the contrary—you have a lot of time and nerves of steel, then you can try yourself in the role of a day trader. You can trade on both small timeframes and large ones. You can reach your goal significantly faster, but you will also participate in all the fluctuations and experiences in the market.
SUMMARY🖋️
Before you start moving, assess your capabilities and give them a fair evaluation. Then it will be easier for you on the way. Know that evaluation will not give you guarantees because the market does not take your plans into account; it has its own plans. But your path will be much easier if you understand what you will have to face and how on your way.
CHAPTER 3: MEANS AND TOOLS FOR ACHIEVING GOALS
⚓️ Logbook:
When the preparation for trading is over, we have to choose our tactics and means of achieving the goal.
TYPES OF MANEUVERS👇
In a large post about types of strategies, we highlighted two main types: trend and counter-trend. But a strategy is not trying to sit down and start trading; it is knowing the situation in which we begin to act.
THE ESSENCE OF THE PLAN📜
Strategy is knowing what you will profit from and what precedes that situation. It is the knowledge of when to change tactics. It is when you know what to do when everything does not go according to plan. That is strategy—when you prepare for future events in advance.
PLAN 'B' (MAIN QUESTION)
The main question of the strategy is not when everything goes according to plan, but what you do when the market doesn't care about your plan. Do you have a plan for such a case? This is what strategy is.
FUTURE COURSE
In the coming posts, we will talk about important points in spatial orientation: how to assess the circumstances currently prevailing in the market, how to formulate an action plan for the situation, risk management, and money management. We will analyze what to do when the strategy fails and how to adjust your tactics and maneuvers in the market.
I would be grateful to everyone who likes and comments, to those who subscribe, and to everyone who took the time to read this text. Thank you for your attention and see you soon, dear readers!
Dubitando ad veritatem ⚓️🖋️
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