Yugocean
Valued Contributor
Developing a business strategy is essential, without it, no business would be more than a gamble in which profit and loss are determined by chance rather than action. These Strategies are designed by traders based on their own experiences.
You must know what you are doing and why. One has to understand the risks and benefits of whatever one is doing or planning to do. A plan has to be made to reduce the risk and maximize the profit. These plans must be based on experience and not on what others tell you to do.
You have to manage it yourself. It's all you. When you learn the technique, you learn everything and understand the requirements, but strategy is your experience that will teach you what to do and what not to. This is the strategy you have to follow. Just don't get overconfident or let greed or nervousness get the better of you.
You must know what you are doing and why. One has to understand the risks and benefits of whatever one is doing or planning to do. A plan has to be made to reduce the risk and maximize the profit. These plans must be based on experience and not on what others tell you to do.
You have to manage it yourself. It's all you. When you learn the technique, you learn everything and understand the requirements, but strategy is your experience that will teach you what to do and what not to. This is the strategy you have to follow. Just don't get overconfident or let greed or nervousness get the better of you.
