Topic: One trading strategy is enough. - page 2. (Read 1849 times)

One of the reasons why there is a suggestion that it is better to have only one strategy is because it is not uncommon for some traders to experience losses because they have many strategies but do not master all of them in the sense of not understanding the weaknesses and strengths of each strategy they have, but if it turns out that you have more than one strategy and master it then of course it is better because as you said and it is true that by having more strategies that are mastered then it will also bring profits faster because of course when you do not find the moment of strategy A then there is a possibility that you will find the moment to apply strategy B, the rest I quite agree with your opinion, my friend.

As a trader you must work on strategy development instead of trying to adopt different strategies, you can only try a different approach if the system you are using isn't really profitable. The problem with a lot of traders is that they get carried away easily by a lot of trading sf trading strategies they come across online by different traders not knowing whethr if these traders really make enough profit from it. One strategy that works is enough, you don't need multiple strategies to be in profit. This is why going for knowledge first is of utmost importance.

We are all will really be able to pass or be able to go through such moment or time on the situation on which we are really that being inexperienced on which we would really be having those kind of thoughts that mastering one or single strategy would really be enough on dealing up with the market. Sooner or later as we do able to gain up experience then you will really be able to find or tell into yourself that it wouldnt really be
something that could fit out. Why? Just like on what most people been saying on here that market does have tons of different variations or conditions on which it will really be needing up that kind of strategy
on which you would really be needing up to consider on making up some adjustment basing up on the movement or whatever condition it might have.

As a trader then you would really be that making yourself to be versatile as much as you could because you will really be needing up to have those adjustments and we do know that trading does involved
that trial and error on which it would really be a never ending kind of finding up methods and strategies until we do see that it will really be that relevant on what we are really that dealing into.
You cant just fit out on having that single strategy on a market that will really be having tons of situations when it comes into its movement.

Yes, trading so many assets or pairs can be strenuous and won't guarantee wins. However, trading a single pair won't guarantee wins either. What guarantees wins is how skillful and disciplined a trader is. By skillful and disciplined I meant sicking to one's winning strategy (ies) as the case may be, and trading plan. I don't think any trader solely relies on just one trading strategy but they can flaunt it as they're just one. There's something called "Confluence". That's when traders align two or three of their trading strategies to give them  better entries to take trades. That's realistic rather than the idealist way of saying they're trading just one strategy. Whether they're trading MAs and other lagging indicators, Breakouts, ICT or SMC; they always find ways of checking factors that must correspond with their strategy before pressing the trigger.

Because market conditions often change at any time or in every cycle, of course every trader must have several strategies that match the current market conditions. So that every trader can have the potential to make a profit even though there is no certain level of guarantee to continue to be profitable in trading, but with more strategies that we can use, of course it can at least help us a little in making a profit in the market. I only look for certain moments when I want to buy and sell again when the moment has changed because something like that is still comfortable enough for me to use at this time because I am not really chasing profits through trading in the crypto market.

So actually it comes back to each individual in mastering the strategy and implementing it. If there are many confusing strategies, then it is better to have one strategy but it has been mastered, and vice versa if many strategies are learned and mastered, it will be an advantage when the market is fluctuating with the many strategies that we master, it will make it easier for us to find moments to gain profit.

But in essence to become a successful trader, you do need to master several trading strategies, the more you master, the broader and more diverse your insight in seeing the moment will be. However, it is possible that with one strategy if you have mastered the market and know every corner and condition that can or should be used for trading, it will also be better. The point is that every trader must be able and needs to evaluate trading and be confident in the trading strategy that you have tested yourself.

If strategy are profitable then its enough to keep continue. However i have never found such a trick yet which is profitable consistently. I don’t think there is any strategy exist to the market which is consistently makes profit. I hope if you have any strategy which gives you profit consistently then you can share it with us. However trading is always so tough and it is more tough when it is crypto market. I personally never have any strategy if i had i would share it with you guys . Nevertheless it is really don’t need to depend on any particular strategy cause it would never work with you. I think we need to learn more strategies except one. It will make more chance for us to make more profit and more chance to take entry and exit from the market. So i think we need more strategies which is more chance for us.

From the back-and-forth argument you made, the conclusion only corroborates my stance here, it's only the inexperienced traders that can maintain a single trading strategy, it's not as simple as it looks. The market is too dynamic for one strategy and requires a practical approach in all conditions which the one strategy will not be able to fulfil at all times. I've read many stating it as if it is a choice of the trader but I smile. It can only be the lack of true knowledge of trading for anyone to think that way, trading is not child's play, you must be ready for all vices it might push forward for you to be successful in it.

Just like on doing gambling then no strategy could really be able to work and this is something that you should really be able to realize or applying it on trading. When it comes to strategies that being used then these are the things that could really be able to give out some at least some advantage in compared into those people who hadnt been able to make use any of those. You would really be only finding its relevance on the moment that you've been able to realize that you cant be able to read up charts without having those technicals that you could be able to put into. Its not really that giving out that assurance about success or good outcome into your trades but just like on what i have said that it is really that way more better rather than on having nothing at all. One strategy and sticking into it will really be that enough on dealing up with this market with
having tons of variations or forms on which you could be able to drawn on.

You would really be naturally be finding yourself on creating new ideas and strategies out of that single strategy that you are really that trying out to emphasis or trying out to stick into it.
Market is volatile and something that  cant really be predicted easily on which no matter on how old or veteran you are towards this market but still its not something
that you could really be able to have some spot on kind of trades which is really that IMPOSSIBLE!

Winning or losing—it's all part of the life of a trader. This is a reminder that no strategy is perfect, and no matter how skilled you are at trading, there will be times when you take a loss because of the market's unpredictable nature. However, having the right knowledge gives you a huge advantage over traders who don’t. That is why if we want to improve our results, especially for beginners, it’s best to follow in the footsteps of successful traders. It’s not just about having a solid strategy but also adopting the right mindset—because that is the common reason why a trader fails. 

You could build yourself a strategy based on the trends, and be ready beforehand. Nobody needs to change their strategy on the fly when the trend changes, that would cause you to lose a lot of time and money. I would say be ready for any kind of trend before hand, like what to do if it goes down a bit, what to do if it goes down medium and what to do if it goes down a lot, versus also what to do same when going up as well. When you do these things then you will eb ready and you are going to do what you already planned out and won't be caught off guard.

A lot of people try to react to the market and make some moves based on what they are seeing, and trying to trade and come up with something right on the spot isn't an easy thing to do, a lot of people will fail because not all of us are trading experts and we are not good enough to do it. Hence, be ready beforehand and you will never have to worry about what to do next and you will make some money that way.

In terms of strategy, the more strategies you have and that you master, the greater your chances of making a profit, and one of the reasons why some people are more comfortable relying on only one or two strategies in trading is that they think that too many strategies will actually confuse them when they want to execute the market, sometimes it is not uncommon for them to slip in the sense of using the wrong strategy, or meaning using strategy A at a moment that is B so that it actually causes losses.

On the other hand, one of the weaknesses when you only rely on one strategy is of course it will be quite difficult for you to find the moment to open a trade because not every time the market will form a moment like the strategy you have, therefore most traders prefer to learn more than one strategy, namely so that when there is no moment for strategy A, for example, then there is a possibility for them to find another moment for strategies B and C, that's the reason.

Traders' approaches to trading strategies definitely vary, it's not always just about one strategy, but they can try several strategies and combine them. Sticking to the same trading strategy over the long term has never been a problem as long as the trader is making a profit, but along the way I think they have also developed the strategy to be more effective.

In fact, most traders have changed their trading strategies based on market conditions. They adjust their trading strategy based on the trend, which is much better considering that the goal of trading is to take advantage of price volatility to gain profits.

Sooner or later on which you would really be able to find out on how you would really be able to make out some another strategy on various situations or conditions on which we know that it will really be that relevant
that you will really be needing up to create some another strategy on which it will really be that in line on the current market condition that you are into.It will really be just that common sense or instinct that you will really be needing up to have another ways on how to handle it and this is why it will really be that impossible that you wont really be creating something new on the moment that you will be able to encounter something new. So therefore one strategy wont really be enough because you will be able to face up different variations on how this market behaves or works. There would really be those individuals who will really be that able to realize those things along the way but there are ones who will really be sticking up into their principle.

So it will really be just that depending on you on how you would really be dealing up with things but it will really be just that too impossible that you wont really be able to observe such scenario.
Market variations and conditions will really be needing up for you to consider out on creating methods and strategies on which you do seem that it will really be giving out that kind of
advantage or at least having some good shot towards market unpredictability.

I share your view and I have used one strategy to trade the market before, it was a trend trading strategy. One thing I can't decipher about the use of one strategy to trade which I don't think people are considering is how the one strategy helps you spot your trade, know the overbought and oversold region and also help you decisively know the exit time and levels. There are different strategies for all that, people overestimate the the power of one strategy, professional traders need more.

Experience definitely is needed when you are trading. However, you can't gain experience without first knowing how to trade neither. So, you need to learn how to trade by studying from courses first, without trading actually, and after you learn, slowly start to put small amounts of money into trading, at first you will lose some but eventually you will get better. We will not become great traders overnight, nobody gets great in a single day.

One person here on this forum once wrote "trading is like painting" and go on talking about how you may draw stick figures at first, but gradually you start to trade much better but you never actually figure out something and be great overnight, like painting, you get better each day, gradually, inch by inch, so when you look at your painting at Tuesday versus Wednesday you do not see big difference, but when you look at 2023 versus 2024 you see a big difference.

New traders need lesson from old traders therefore don't see newbies looking for places that they can learn how to trade as a waste of knowledge. No knowledge is a waste, you're going to make use of the information later if you don't see a use for it right now. Trading isn't just something that you can learn one time and do not think it's necessary for you to continue to learn. The market isn't stable, it keeps changing and you have to keep up with the market therefore you shouldn't take any knowledge that you can get as not useful. But don't follow the crowd and do everything that they're doing, only do things that are going to work for you as every individual is different.

Using a single strategy may be a good option but it can never be guaranteed reliable in the future. This is the  reason why we have to keep informed and updated with the latest market trend so that we can adjust and level up our own strategy if it's no longer working anymore.

Also, if you have variety of strategy that you have proven valuable in your trades, then much better. That way, you will no longer struggle in trading because you come to trade in the market with reserved strategies that are proven worthy and useful.

All strategy works depending on how you use it or apply them, reason being that a strategy I'm using to gain profit might be given to another trader and it won't work for him, not that the strategy is not working, but the trader might not follow the rules that backs the strategy to become profitable, like risk, management, being patient, emotional control and finally waiting for the terms of entry to be met.

One very good trading strategy is enough to pay you off for life in trading.

When you are really just that starting, then it will really be that understandable that you should really be dealing up with Spot trading on which i would say that it is really that more viable rather than on making yourself
trying to touch up like having to deal up with futures trading or even just simply with that short term trade like scaling or day trade on which it will really be needing up that kind of active approach in basing up on dealing up with volatility. We do know that when it comes into this aspect then it will really be that understandable that results or outcomes will differ into those people who had been dealing up with trading for a long time
in compared into those who had just that recently known about trading. As for strategies then you will be able to find out for yourself whether you would really be needing to stick into one or would be trying out to find for another ways on handling yourself on dealing up with trading.

Just like on what others been trying to point out that there would really be conditions or times that you will be seeing that other strategies that might really be working it out.
It will really be that basing up on how mindful you would be on dealing up with things on which you do seem that it will really be that currently relevant on the things that you would
supposed to do. The real deal on here is on how you would be able to sustain yourself.