Topic: One or more trading strategies, which one do you prefer? - page 2. (Read 875 times)

Apart from in trading there is always need to have two instead of one.
1. One can obviously fail and you will need a  backup
2. One does not provide alternatives.
When you have multiple strategies you will have to know where and when you will apply each one.
Apart from the above, a strategy fails at a time, so you will need a backup incase you main strategy works.

It comes back to what we understand more, as you said, some people may be happier when doing simple things, but for some others they are not satisfied enough so they choose to combine several strategies that may be more visible results. However, don't let what we choose make it difficult for us, in other words, sometimes people will confuse themselves with the strategy, in fact, that is the strategy they want to implement.
As I said, it comes down to whether we are happy with the strategy or not.

In my own opinion one strategy is better than have many of it, not that all strategy dont work they do BUT if you get to master ONE and stay consistent with it you will do better than having too many and end up not knowing which one will actually suite your trading style. just recent i was discussing with a friend he was like his is learning forex and he is watching tons of videos on YT, on different trading strategy to trade the market and what i told him is the honest truth saying TRY LEARNING ONE STRATEGY AND MASTER IT, because too much of everything is nothing.

From my personal experience only one strategy will take you in your favor as I started using one strategy to trade my coins. It is difficult for me to lose money because I buy coins when the market price goes down and sell when the price goes up. I think there is no chance of loss if you trade with single strategy, so I want to tell everyone that trading with single strategy is the best.

personally, I tend to have more than one strategy. that's because we don't know whether the 1 strategy we have will continue to succeed. this makes us need a backup strategy when the strategy we often use doesn't generate much profit anymore. I think, this is also done by many people, even outside of trading, they still have a backup strategy to avoid unwanted risks in the future.

Combination of strategies is not always helpful, making a trader to become either confuse or more confident about an entry. The whole thing would be a messy if we knows every spots of the market, some certain information are just suppose to be left unknown, because for us it's good we know these projects but unknown to us that we're the causes of our losses. A trader become too confident about an entry and forget that losses exists, I only used supply and resistance zone to trap out my entry and hope for the very best when it hits my targets.

I agree, changing markets require changing strategies and that's an important thing, most people try to avoid that and they make a mistake but that's the way it goes, it should be remembered that markets are volatile so a single strategy can't be good for all kinds of changing situations, we will have a different result all the time.

I prefer that it would be a good thing if we could end up with a good result, and that's not going to be enough, we need to just be ready for anything at all times. I have close to 12 different strategies by now, and I am not using all of them all the time, some gets used more frequently and some very rarely, but I feel like I pin pointed each of them to a strict situation and some of them work very well.

Besides one of the things you will notice about creating a winning strategy is that once you figure out how to make one then you can create many different ones using different indicators and time frames, and while some may be more accurate or give slightly bigger profits, at the end what matters is that you are earning good money with them, which is not something the majority of the traders out there can say, as even with a good strategy they fail miserably when it comes to making profits with those strategies.

A single strategy might not give you the full information on the market price movement. But combining strategies together helps a lot.
 Combining strategies and still having same results. It's a clear confirmation for trade entry. Which one strategy may lead to fake outs sometimes.

When I was starting and just a newbie as a trader, i'm copying the strategy of other traders because that's how they managed to profit. I thought if I apply it to my own trades the result would be the same. However, it's not always like that especially if you have no knowledge of what you're doing.

So I tried to use different strategy that might work. At first I keep on switching to maximize my profit but since i'm not quite active now I decided to just use a single strategy. For me, it's not necessary to have more than one strategy, just choose what's working that gives you consistent profit.

There are so many strategies in the market and we don't need to look for theost accurate one to use and make money in the market.
It is all based on how are using the strategy and the kind of market we are using it for. Since using so many strategies can nit guarantee us profit, it is better for us to stick to the strategy that works for us and no need to be jumping from one strategy to another.

It is better for us to have a single winning strategy that is giving us crazy profits from the market than to have portfolios of strategies without earning the kind of profits that we want from the market. We should keep maintaining and adjusting our strategy so we can earn well in the market.

For sure there will be controversy on which is the best to use and not to. Is not a bad idea to go for 1 or countless strategy in trading, the only thing is what's best for you and what works for you in the line of trading. If going for a particular strategy and is good for your trading no problem as long as you gain at the end, but to me I'd say use 2 strategies, it will help to monitor the trading signal.

Trading signals are intended for traders who are not prepared to go through the lengthy phases and are under pressure to comprehend the technical and fundamental analysis of the market owing to their prospective enterprises. I paid for premium signal groups on Telegram, and they drop good tradeable signals, perhaps not 100% of the time, but our losses are mitigated to the greatest extent possible. However, I still have my personal trading method, which I used in some of my more confident trade entries. Specifically, the incorporation of the Support and Resistant zones helps my mapping to be more precise and stress-free. I don't trade too much with my strategy; if I get three good entries in a week, I'm satisfied, more better than grabbing heavy losses all because I just want to triggered trading positions.

If the indicator is not working, you have to use the other one and yes this is a trial and error until you make a good one. Knowing many indicators as much as possible is advisable since not all can work effectively and you have to find a good alternative. I’ve been trading with a different strategies depends on how the market trend behave, usually 2 to 3 indicators are already fine and you can already see the blue print of the trend, and from there you can start doing your own trading strategy.

Trading strategies or trading signals?
If those are trading signals, I also do that because I have also actually followed VIP trading signals. But not necessarily use it to take position. However, using it as a guide and incorporating it into my own strategy. And this seems to be one of the considerations for my final strategy.

however, if it is a trading strategy related to indicator analysis and also how do we take positions, set SL, hedging, or other things, I only use one to be more focused.. Using what I usually use and is suitable for my trading activity. Because I don't really focus on trading, it's not a kind of daily trade, so it doesn't require so much strategy.

Anything that would really be showing that you are really that thinking on something is really that part of strategy on which it would really be considered to be done. You wouldnt really be making an analysis if

you arent really that formulating on something on which it would really be that understandable on what you should really gonna do. As a trader then you would really be needing to make out some adjustments

because if you dont and stick on a single strategy then you would really be definitely be not making yourself get improved. You wouldnt really be going nowhere because on the time that you would really
be dealing up with this unpredictable market then its impossible that you wouldnt really be having considerations on finding for another method or strategies on dealing with it up.
It would really be that common sense that you would be making adjustments basing up on what you are currently dealing with specially that we are really that trying to make money\
then it would really be normal on having this kind of approach.

Trend detection is generally never part of the strategy, it's the premise or the prerequisite we look for before applying the strategy, so i am looking at it in a different way. For me I have let's say 3 different strategies, each of which has a signal attached with it. I'll find for a signal as per my strategies and then go towards trend detection and confirm whether the signal of that particular strategy is correct or not and whether the relevant strategy will be valid in this market or not.

Of course, following what gives you profit is the right shot, after all, we are not trading to lose our money, and thankfully, both options could do that perfectly well, it's all about what you know about them and trading. Also, I respect your opinion of long-term trading being your preference, still, it's all about the trader in question, both are fine. Some will never go for long-term trading as they see it as a waste of time. Yet, they get to make their money with their short-term preference.

Trading in its entirety is not what anyone could just dabble into, it's tricky and risky, and the more you think you know, the more you would realize you still need to learn and control. This calls for patience in training about it, and it might start from using one strategy in its simplest form, and with time, others could be added to be sure if it suits the trading style and plan of the person or not.

I guess you are not getting the gist at all, there is no maximum for the strategies you can combine, only that you might want to limit them reasonably to avoid confusion. Those that you mentioned are just what the market could do, they are not strategies. And to buttress this, a trader could have three strategies combined together for only trend detection. What about that? Not to talk about considering other conditions of the market to find more strategies to detect them.

It's a trial and error process, to be honest.

You have to find certain indicators that will fit your trading style, and that will cost you x amount of funds in order to apply the indicators you want to find the right ones for you. Now, for me, using only one won't work, I'm using at least 3 indicators, you have to make sure your price chart is readable for you to be able to see in which price or point you're going to enter your trade.

The more the better because we know that on the time that the market do make out some different behavior then this is when we do make out some adjustments which is something that we do really to do rather

than on sticking with one method or strategy which its just been said that this market does have lots of variations on which it would really be just that normal that you would be creating different variations of your
strategy too and you cant really stick into one. It is true that the more the better on which this would really be a better approach on dealing with this unpredictable space.

You would really be finding out for yourself about its relevance when it comes to strategies that had been molded up. You would adjust accordingly into that situation.