It seems to me that a trader should definitely be able to work with several strategies. At least that seems to me to be the better option. The market is quite dynamic and regularly requires adaptation and different strategies.
You are not wrong, however the reason I am not as favorable towards this than other members of the forum is that this is too difficult, the majority of the traders lose all their money in a relatively short amount of time, this is a known fact, so hoping that those traders use several strategies at the same time is asking too much from them, let them to try to master a single strategy and only once they have been able to do this then they might consider the possibility of using more than one strategy. 
Topic: One or more trading strategies, which one do you prefer? - page 3. (Read 875 times)
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What about you, what is your preference, and why?
Well, having more strategies serves as an option that we use in a particular market situation because honestly, not all strategies work in all situations, it varies as well. Pertaining to such scenarios, at least we have another option that we think it was more applicable. Having 2-3 strategies are enough for me and besides, it was not just the strategies, it also needs trading tools. After all, it all depends on how comfortable we are, and as a trader, we know what seems to be a more effective and profitable strategy, we can stick to it if possible. What about you, what is your preference, and why?
I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.
Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.
What about you, what is your preference, and why?
There isn't many. There is always 2-3 at Max. Mostly because of different market situation. You have different strategy for a trending market, a different strategy for a consolidating market and a very different strategy for a sideways market. You first recognise wait for the trigger then recognise whether this trigger is useful for this type of market or not and then you eventually go into that particular trade. Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.
What about you, what is your preference, and why?
Achievement in crypto industry requires acceptance of certain Strategies but it does not means to utilize only one strategy all the time but you have to alter the strategy according to the market.
Trading strategies which have been used for the past are still working and there is no change occurred in these strategies but the time of using it matters a lot. It is a fact that person choose only that strategy which he consider as a super one and it is natural that once you face failure by using strategy then you will avoid that strategy in future so using of Specific strategy will increase once your success rate increases.
Trading strategies which have been used for the past are still working and there is no change occurred in these strategies but the time of using it matters a lot. It is a fact that person choose only that strategy which he consider as a super one and it is natural that once you face failure by using strategy then you will avoid that strategy in future so using of Specific strategy will increase once your success rate increases.
It seems to me that a trader should definitely be able to work with several strategies. At least that seems to me to be the better option. The market is quite dynamic and regularly requires adaptation and different strategies.
Trying has turn out to be very demanding and traders who happens to be stiff or are not dynamic will always been crushed under the pressure of the market. You've got to be flexible enough and have got several means to suit a market condition as well as, having indicators that confirms each other as a means of confirming your choice of action.I would prefer you having your kill strategy but also, a back up strategy as well when the market don't seem to be in favour of your first trading pattern. Don't sink on a particular skill, try others.
Having a primary trading strategy and a backup plan in place helps to limit risks and capitalize on opportunities when market circumstances change. A trader who is skilled in both technical and fundamental analysis, for example, may take use of the advantages of each technique. It is critical not to become excessively focused on a particular trade ability. Markets are dynamic, and depending on a single technique might limit your capacity to change and capitalize on possibilities.
It seems to me that a trader should definitely be able to work with several strategies. At least that seems to me to be the better option. The market is quite dynamic and regularly requires adaptation and different strategies.
Trying has turn out to be very demanding and traders who happens to be stiff or are not dynamic will always been crushed under the pressure of the market. You've got to be flexible enough and have got several means to suit a market condition as well as, having indicators that confirms each other as a means of confirming your choice of action.I would prefer you having your kill strategy but also, a back up strategy as well when the market don't seem to be in favour of your first trading pattern. Don't sink on a particular skill, try others.
I think risking when you are holding long term is not really all that much, it's not zero I agree with that but compared to trading, the long term holding has very little risk. Depends on the understanding of "long term" of course, some people hold it long term and have absolutely no trouble, some people hold it "long term" as in 3-5 months and that's not long term at all.
-snip-
Long-term holding is a pretty good strategy when you hold the right coins. -snip-
Like you hold Bitcoin and also some of the top altcoins like Ethereum.
That can provide returns when the bull market starts to return.
But when the market continues to crash, then use the DCA strategy and of course, it is recommended to make your assets grow.
But financial management really needs to be well organized, so that you can make the right strategy changes.
In my opinion, if strategy A changes, you must have strategy B which is a backup strategy.
It will not be able to survive with only one strategy.
How to determine right coins? Holding the current top ranking ones would be the best shot. In speaking about strategies then its better that we do really have lots of variations when it comes to this because
we know that market cant really just be moving on a single path on which we could make use of a single strategy. Although it doesnt really give out any guarantees that we could really be able
make that right decision on using up different strategies but we know that it is really that much more better rather than on sticking into one.
It doesnt matter though on how many as long you do really want to make use of those ways and methods then it would really be on your own choice on how you would really be
gonna handling up yourself into this unpredictable market.
I think risking when you are holding long term is not really all that much, it's not zero I agree with that but compared to trading, the long term holding has very little risk. Depends on the understanding of "long term" of course, some people hold it long term and have absolutely no trouble, some people hold it "long term" as in 3-5 months and that's not long term at all.
-snip-
Long-term holding is a pretty good strategy when you hold the right coins. -snip-
Like you hold Bitcoin and also some of the top altcoins like Ethereum.
That can provide returns when the bull market starts to return.
But when the market continues to crash, then use the DCA strategy and of course, it is recommended to make your assets grow.
But financial management really needs to be well organized, so that you can make the right strategy changes.
In my opinion, if strategy A changes, you must have strategy B which is a backup strategy.
It will not be able to survive with only one strategy.
I like to stick to one strategy as long as it's working for me. The market is changing and evolving every day. So in order to compete with that, we do need multiple strategies. Even if you like it or not. And after sometimes, all the available strategies could become useless. That is why it is always the best idea to come up with our own strategy. We can adjust here and there in order to fine tune it based on market condition. It has worked for me before, and I am still doing it. Helps a lot and also pushes your skills to generate more knowledge. Following existing patterns and trading strategy already available on the internet is not recommended because many are already using it and others have already created better versions of that. So yes, I choose multiple trading strategies. It gives me freedom and more control over my decision making.
The problem with this is that now you require a trader to have several successful strategies they can use perfectly, a very difficult thing as most traders do not even have a single strategy like that, however even if they had them those which have traded the markets before know that different strategies can give opposite signals, so what would you do if one strategy tells you to buy while the other strategy tells you to sell? This will only confuse traders even further and reduce their effectiveness.
To me, this is about your choice, traders use one or more strategies without issues. Just ensure that the one you are using is very effective in its function. All you need to do in addition is to manage them right and everything would be fine. Also about the confusion, strategies vary, some could lead and some could lag, but with your training, you know the perform ones for the job and you should never open a trade unless all the strategies agree on one decision. By this, it would have filtered off noises and you would be just fine.everything needs knowledge in advance, I agree that it is better to invest in the long term because it is possible to get profits but back to the investment options we choose, the risk is still there.
In trading, you shouldn't stick to one of my strategies because market situations that are difficult to predict make it possible for us to be ready to face everything.
we do have different strategies in the trades that we do, I'm sure all of us have a strategy that we like because we have been profitable in the past but regardless of that many of us have failed at first and learned from those mistakes.
I think risking when you are holding long term is not really all that much, it's not zero I agree with that but compared to trading, the long term holding has very little risk. Depends on the understanding of "long term" of course, some people hold it long term and have absolutely no trouble, some people hold it "long term" as in 3-5 months and that's not long term at all.In trading, you shouldn't stick to one of my strategies because market situations that are difficult to predict make it possible for us to be ready to face everything.
we do have different strategies in the trades that we do, I'm sure all of us have a strategy that we like because we have been profitable in the past but regardless of that many of us have failed at first and learned from those mistakes.
If you are capable of holding for 10 years, that would be some serious long term and I think the valuation would be very different and it would be quite understandable to make a profit. Many people think that it's not going to be that easy, and I believe that we can't really have anything that would be different in the end, just realize it's not going to be easy to hold, but if you do, then you will make a great profit.
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What about you, what is your preference, and why?
Well, having more strategies serves as an option that we use in a particular market situation because honestly, not all strategies work in all situations, it varies as well. Pertaining to such scenarios, at least we have another option that we think it was more applicable. Having 2-3 strategies are enough for me and besides, it was not just the strategies, it also needs trading tools. After all, it all depends on how comfortable we are, and as a trader, we know what seems to be a more effective and profitable strategy, we can stick to it if possible. What about you, what is your preference, and why?
~~snip~~
What about you, what is your preference, and why?
I will adopt all the strategies that will give me profit in future. I have to follow up on the fact that it is best to hold on to the long term rather than the short term of trading. and long-term investment should never suffer losses, rather it will have high hopes of profit. But the expectation of profit is not so easy, of course it is necessary to know good skills and special strategies about trading. I am sure that one can never be successful without acquiring good knowledge about trading. If you want to be successful, you must correct the various mistakes of trading and then make the right decision to invest.What about you, what is your preference, and why?
In trading, you shouldn't stick to one of my strategies because market situations that are difficult to predict make it possible for us to be ready to face everything.
we do have different strategies in the trades that we do, I'm sure all of us have a strategy that we like because we have been profitable in the past but regardless of that many of us have failed at first and learned from those mistakes.
which it would be that normal that certain situations or conditions would be having that appropriate way on dealing with it.
It is really that preferable on having lots or tons on various situations but we know that there are lots of things to be remembered on this case.Oh well, this is the reason on why trading is never
been that simple because of lots of variations and methods on which you could make use of different market conditions.
Trading and investing are both risky, but long-term investing allows you to be more relaxed in any market condition.But certainly, both are capable of generating returns.
When people cannot carry out analysis and do not know how to trade, then it is better to choose long-term investing is much better than taking trading risks in the absence of knowledge. Trading is more of a sharp analysis where we must be able to read price movements in short conditions, therefore not everyone can trade without knowledge and experience.Adjusting trading strategies to market conditions, of course, is not a bad idea. You should adapt your trading strategy as much as possible because it will only increase your chances of making a profit. The trading plan doesn't always have to be the same, I mean if you previously took 5% profit from the previous trade, then maybe one day you have to be satisfied with 2% profit.
That's where trading is considered tricky and some people who don't know how to do it will have a hard time reading price movements. For example, like the example you gave, when the 5% profit they get is not necessarily a further profit they will get 2%, because it could be that in the future they will experience a loss. That's why most people say that day trading is much more difficult and not everyone is cut out for it. 
everything needs knowledge in advance, I agree that it is better to invest in the long term because it is possible to get profits but back to the investment options we choose, the risk is still there.
Trading and investing are both risky, but long-term investing allows you to be more relaxed in any market condition.But certainly, both are capable of generating returns.In trading, you shouldn't stick to one of my strategies because market situations that are difficult to predict make it possible for us to be ready to face everything.
we do have different strategies in the trades that we do, I'm sure all of us have a strategy that we like because we have been profitable in the past but regardless of that many of us have failed at first and learned from those mistakes.
Adjusting trading strategies to market conditions, of course, is not a bad idea. You should adapt your trading strategy as much as possible because it will only increase your chances of making a profit. The trading plan doesn't always have to be the same, I mean if you previously took 5% profit from the previous trade, then maybe one day you have to be satisfied with 2% profit. we do have different strategies in the trades that we do, I'm sure all of us have a strategy that we like because we have been profitable in the past but regardless of that many of us have failed at first and learned from those mistakes.
~~snip~~
What about you, what is your preference, and why?
I will adopt all the strategies that will give me profit in future. I have to follow up on the fact that it is best to hold on to the long term rather than the short term of trading. and long-term investment should never suffer losses, rather it will have high hopes of profit. But the expectation of profit is not so easy, of course it is necessary to know good skills and special strategies about trading. I am sure that one can never be successful without acquiring good knowledge about trading. If you want to be successful, you must correct the various mistakes of trading and then make the right decision to invest.What about you, what is your preference, and why?
In trading, you shouldn't stick to one of my strategies because market situations that are difficult to predict make it possible for us to be ready to face everything.
we do have different strategies in the trades that we do, I'm sure all of us have a strategy that we like because we have been profitable in the past but regardless of that many of us have failed at first and learned from those mistakes.
~~snip~~
What about you, what is your preference, and why?
I will adopt all the strategies that will give me profit in future. I have to follow up on the fact that it is best to hold on to the long term rather than the short term of trading. and long-term investment should never suffer losses, rather it will have high hopes of profit. But the expectation of profit is not so easy, of course it is necessary to know good skills and special strategies about trading. I am sure that one can never be successful without acquiring good knowledge about trading. If you want to be successful, you must correct the various mistakes of trading and then make the right decision to invest. What about you, what is your preference, and why?
Are you referring with the trading plan or just the trading indicators?
It's clearly stated, it's not directly a trading plan but your trading strategy. And this strategy could be through the use of indicator or other means whatsoever that gives you a clue on the path the market will follow for a period of time.TBH, I'm really curious about the way you combine the strategies. Is it really possible to combine trading strategies?
According to my experience, each trading strategy has its own target/goal. So, the way to trade between one strategy and another strategy will be a bit different. I'm not sure if it is really possible to combine them.
According to my experience, each trading strategy has its own target/goal. So, the way to trade between one strategy and another strategy will be a bit different. I'm not sure if it is really possible to combine them.
How do you use a combination of strategies in trading?
I just know this, never heard this before and I never did this way.
It's simple, strategies are for different purposes, so you might blend them together to form a complete pathfinder for you that would be stronger than if you use just one. You might use two trend indicators, one overbought/oversold indicator and one breakout strategy to form your trading strategy. And everything must agree on a safe direction before taking the risk on that direction.I just know this, never heard this before and I never did this way.
It is dangerous to rely entirely on one method. Markets are dynamic and ever-changing, and a strategy that works well in one market scenario may not work as well in another. Traders might possibly profit from diversification and lessen their reliance on any particular technique by mixing various tactics. Furthermore, as you indicated in your experience, combining methods might aid in better filtering trade signals. When different techniques corroborate the same signal, it can boost the trader's confidence and raise the likelihood of success.
The problem with this is that now you require a trader to have several successful strategies they can use perfectly, a very difficult thing as most traders do not even have a single strategy like that, however even if they had them those which have traded the markets before know that different strategies can give opposite signals, so what would you do if one strategy tells you to buy while the other strategy tells you to sell? This will only confuse traders even further and reduce their effectiveness.
I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.
To archive consistency and easily master a strategy, one trading style will always be better, but of late I have seen people trade different strategies depending on what asset and time of the day and am convinced that at the end of the day its all about what works for you.Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.
More confluences means higher winning chances, great of getting ahead of the markets.What about you, what is your preference, and why?
One trading style works for me but I want to start adding more confluences to increase my winning chance despite knowing that I won't win everytime. 
It is dangerous to rely entirely on one method. Markets are dynamic and ever-changing, and a strategy that works well in one market scenario may not work as well in another. Traders might possibly profit from diversification and lessen their reliance on any particular technique by mixing various tactics. Furthermore, as you indicated in your experience, combining methods might aid in better filtering trade signals. When different techniques corroborate the same signal, it can boost the trader's confidence and raise the likelihood of success.
This is why you should have a lot of stuff and not just one, because if you have only one then you are not going to end up with anything proper. People end up with something that they make a profit once and they think they should keep doing that for a long time but that doesn't mean that they will, it is not going to work that way.I feel like it would be smarter if you ended up with anything at all then you shouldn't really be worried about it, just focus on what you can do with what you have and you should be fine about it. If people see a profit, they insist on the same thing over and over again, I believe that's the trouble and that should not be the case at all, people should avoid that, just because you made a profit once, doesn't mean it will go on forever.
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