Topic: One trading strategy is enough. - page 5. (Read 1833 times)
Yes, it would be better if we mastered one strategy and developed it to be better than learning many strategies but we couldn't master them. So, I think, as long as a trading strategy is successful, and it really brings profit, then that is enough to make someone successful. In fact, it would probably be better if he developed it into a better strategy. That's better than continuing to look for new strategies, but not having maximum results.
Nobody can change the winning formula, when I use to be a trader, I have made it to a point where my strategy is profitable for few weeks, mainly short term and scalping strategies. I never thought of searching or using another strategy as long as Im profitable on the first one.
Every trader has his own strategy and the success of it depends more on money management, even if that strategy started to fail, you may not experience big losses or count it as a failure as long as you took profits from that. However, I don’t think there a strategy that will generate money for you in a very long term since all the market are unpredictable.
The problem is that there isn't a single strategy that works on every single market and every single day. Like for example what works a week ago, wouldn't work on today, when it crashes so hard. It means that we need to be careful with what we are doing. Sure on strategy that makes profit would be ideal and we could just stick to that and make a lot of money, but we know that's not the case here and most of the time we are going to end up with a loss.Every trader has his own strategy and the success of it depends more on money management, even if that strategy started to fail, you may not experience big losses or count it as a failure as long as you took profits from that. However, I don’t think there a strategy that will generate money for you in a very long term since all the market are unpredictable.
We need to make sure that we are dealing with something that can make actual money, and while one strategy could make money on a good bull run, it could be terrible on a bear period. I would say having a few that changes based on the market could eb a lot better for every trader.
One trading strategy is enough. It is enough if you are mastering it, I mean trading view for example give you a ton of tool, from drawing, indicator and candlestick pattern and basically people can make combination from it and can lead into more and more indicator.
I Believe pro trader only use a few indicator that he really mastering in it and can lead him into daily profit for live.
I Believe pro trader only use a few indicator that he really mastering in it and can lead him into daily profit for live.
In my opinion, whether we use one or more strategies, one indicator or multiple indicators combined...will depend on each person because everyone has different knowledge and experience. We should not compare or imitate anyone, use any tool or method as long as it brings the results we expect.
In trading or investing, results are what we care about most, so if we achieve good results as expected, we should not care about what others say. Each person will have a different path to success, we should not imitate others because that strategy may be suitable for them but may not be suitable for us.
I agree with you on this. A lot of people try to copy others when doing something, especially in trading, people try to copy other people's trading styles, their strategies, and even their trades, but they don't understand that you can't get success this way. Even if it works for a while, it will only be temporary, and for permanent results, they will need to do everything themselves. So, any trader needs to gain as much knowledge as possible before they start trading.In trading or investing, results are what we care about most, so if we achieve good results as expected, we should not care about what others say. Each person will have a different path to success, we should not imitate others because that strategy may be suitable for them but may not be suitable for us.
When you are knowledgeable, you don't need to copy others because you should be able to create your own strategy, read the charts yourself, and understand where the market will move next so that you can place your trades accordingly. Without knowledge, you can't survive for long in this market.
As I said, it all depends on each person because each person's ability is different, I don't care too much about which strategy to use, one or more strategies.
If you only use one strategy and it gives you the positive results you expected then continue with it and don't care about the strategy other people use. But if that strategy does not bring you good results, you need to change immediately, you can combine or still only use one strategy, as long as your results change in a positive direction.
If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.
At the end the only thing that matters is what works, since what works for one person may not work for another, and there are clear examples of this being the case on the past, in which a newbie trader used the strategy of an experimented trader, and despite knowing they had the right strategy they still lost money, so whatever is the path that we take, as long as it works the rest becomes completely irrelevant, still it is also true that using several strategies should be harder, so all things being equal, using a single strategy should be more efficient than using several strategies.If you only use one strategy and it gives you the positive results you expected then continue with it and don't care about the strategy other people use. But if that strategy does not bring you good results, you need to change immediately, you can combine or still only use one strategy, as long as your results change in a positive direction.
If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.
That's what I mean, the most important thing we need to care about is the results, not which method people use the most. Because it may work for them but it may not work for us, and if it doesn't work for us then why do we stubbornly use it? I don't want to argue with people whether to use one strategy or many strategies, what I want to say is do anything as long as it brings the results we expect.
Each person will have a different mindset, knowledge and understanding. We should know our strengths and weaknesses and have methods that suit us, don't try to follow others and lose yourself . When it comes to investing and trading, the goal is to make money and achieve profits, not who is right or wrong .
I quite agree with what you said, because when a trader only focuses on using one trading strategy, then he really uses that strategy to be able to maximize his trading, and as he uses that strategy, then over time his expertise in using that strategy can be built - he can know what the weaknesses and strengths of that strategy are, and use it to gain profit in the market. His consistency in using that strategy really helps him to trade better in the market, compared to using many instruments or strategies.
Some would be considered it as a whole and there are ones who do consider it to be different or by parts. What matter most on here is on how you do make yourself having that kind of doing on the time that you do encounter different conditions or situations when it comes to market movement?
If you are talking about market movements here, that indicates to me that you are talking about different time windows. A market movement has no relevance on a time frame of 1H, on a time frame of one week of course it does. But these are completely different markets that you serve as a trader, they are not comparable. The plan is also completely different for lower timeframes compared to higher timeframes.
Within a market (or timeframe), the strategy must of course be able to react to changing conditions. Depending on the market, however, other factors are decisive.
So you have to be careful not to compare apples and oranges.
Nobody can change the winning formula, when I use to be a trader, I have made it to a point where my strategy is profitable for few weeks, mainly short term and scalping strategies. I never thought of searching or using another strategy as long as Im profitable on the first one.
Every trader has his own strategy and the success of it depends more on money management, even if that strategy started to fail, you may not experience big losses or count it as a failure as long as you took profits from that. However, I don’t think there a strategy that will generate money for you in a very long term since all the market are unpredictable.
The problem is that there isn't a single strategy that works on every single market and every single day. Like for example what works a week ago, wouldn't work on today, when it crashes so hard. It means that we need to be careful with what we are doing. Sure on strategy that makes profit would be ideal and we could just stick to that and make a lot of money, but we know that's not the case here and most of the time we are going to end up with a loss.Every trader has his own strategy and the success of it depends more on money management, even if that strategy started to fail, you may not experience big losses or count it as a failure as long as you took profits from that. However, I don’t think there a strategy that will generate money for you in a very long term since all the market are unpredictable.
We need to make sure that we are dealing with something that can make actual money, and while one strategy could make money on a good bull run, it could be terrible on a bear period. I would say having a few that changes based on the market could eb a lot better for every trader.
From my observation of some older traders who are consistently profitable in the market, I have observed that they usually are very consistent with their strategy or approach to the market.
Just as starting to trade on one pair first is important for a beginner trader, it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.
One trading strategy is enough to make you successful until it is no longer working.
Just as starting to trade on one pair first is important for a beginner trader, it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.
One trading strategy is enough to make you successful until it is no longer working.
My first strategy as a trader is that I avoid meme coins as possible. It's not even a strategy but more like a warning, some traders give this call to their followers when they see liquidity in them but I see that as a foolishness. Why would any person try meme coin trading just because they see much liquidity and growth when they tend to drop, theirs is always worst. For instance, the last 3 days that the market crash meme coins were touch the most.
Another thing is, whatever strategy you chose to used in trading, make sure you are not greedy. This thing is underrated when it comes to.trading but if your initial take profit is reach, close it and reexamine the market if it's work opening another position instead of leaving the previous one for more profits, if you aren't careful you might lose everything.
As I said, it all depends on each person because each person's ability is different, I don't care too much about which strategy to use, one or more strategies.
If you only use one strategy and it gives you the positive results you expected then continue with it and don't care about the strategy other people use. But if that strategy does not bring you good results, you need to change immediately, you can combine or still only use one strategy, as long as your results change in a positive direction.
If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.
At the end the only thing that matters is what works, since what works for one person may not work for another, and there are clear examples of this being the case on the past, in which a newbie trader used the strategy of an experimented trader, and despite knowing they had the right strategy they still lost money, so whatever is the path that we take, as long as it works the rest becomes completely irrelevant, still it is also true that using several strategies should be harder, so all things being equal, using a single strategy should be more efficient than using several strategies. If you only use one strategy and it gives you the positive results you expected then continue with it and don't care about the strategy other people use. But if that strategy does not bring you good results, you need to change immediately, you can combine or still only use one strategy, as long as your results change in a positive direction.
If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.
[...]
If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.
If you combine several strategies into one, you end up with just one strategy to follow anyway If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.
So OP is always right with his statement: you only need one strategy. Whether this consists of 500 "sub-strategies" or not is ultimately irrelevant. However, I wouldn't tie the whole thing down to the strategy, but rather modify the statement to that effect: You need a plan (and you have to stick to it).
Much more important than the trading strategy itself is to be clear about your limits, profit intentions and money management. You can only achieve this if you prepare very well for the trades and follow the plan 100%, even if the trade is "still going so well" or "will soon recover anyway". Unfortunately, the best strategy does not protect you from your own stupidity (or rather: greed)
of someones approach on how they would really be making their analysis or on how they would really be treating it out. Some would be considered it as a whole and there are ones who do consider it to be different or by parts. What matter most on here is on how you do make yourself having that kind of doing on the time that you do encounter different conditions or situations when it comes to market movement? Would you really that sticking into a single strategy on which it is really just that good for a certain condition or movement? Pretty sure you would really be finding something else on which
you would really be seeing to be relevant on particular approach. It would really be that just basing up into your own ways on how you would gonna handle it.
[...]
If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.
If you combine several strategies into one, you end up with just one strategy to follow anyway If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.
So OP is always right with his statement: you only need one strategy. Whether this consists of 500 "sub-strategies" or not is ultimately irrelevant. However, I wouldn't tie the whole thing down to the strategy, but rather modify the statement to that effect: You need a plan (and you have to stick to it).
Much more important than the trading strategy itself is to be clear about your limits, profit intentions and money management. You can only achieve this if you prepare very well for the trades and follow the plan 100%, even if the trade is "still going so well" or "will soon recover anyway". Unfortunately, the best strategy does not protect you from your own stupidity (or rather: greed)
In my opinion, whether we use one or more strategies, one indicator or multiple indicators combined...will depend on each person because everyone has different knowledge and experience. We should not compare or imitate anyone, use any tool or method as long as it brings the results we expect.
In trading or investing, results are what we care about most, so if we achieve good results as expected, we should not care about what others say. Each person will have a different path to success, we should not imitate others because that strategy may be suitable for them but may not be suitable for us.
In general, what you said is not wrong at all, because if we can maximize everything that is available and makes us get greater profits in trading, then that is a good thing. However, if using many strategies and many indicators makes us confused, then a better approach is to use only one strategy. Usually if we have many options, it will actually confuse us, well that's where sometimes we can't maximize it. While when using only one strategy we will be able to focus more because there are not many choices for us. Apart from that, at any time we can develop the strategies we have to be even better in the future. because we are required to be able to maximize the use of existing strategies.In trading or investing, results are what we care about most, so if we achieve good results as expected, we should not care about what others say. Each person will have a different path to success, we should not imitate others because that strategy may be suitable for them but may not be suitable for us.
If you only use one strategy and it gives you the positive results you expected then continue with it and don't care about the strategy other people use. But if that strategy does not bring you good results, you need to change immediately, you can combine or still only use one strategy, as long as your results change in a positive direction.
If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.
Nobody can change the winning formula, when I use to be a trader, I have made it to a point where my strategy is profitable for few weeks, mainly short term and scalping strategies. I never thought of searching or using another strategy as long as Im profitable on the first one.
Every trader has his own strategy and the success of it depends more on money management, even if that strategy started to fail, you may not experience big losses or count it as a failure as long as you took profits from that. However, I don’t think there a strategy that will generate money for you in a very long term since all the market are unpredictable.
The problem is that there isn't a single strategy that works on every single market and every single day. Like for example what works a week ago, wouldn't work on today, when it crashes so hard. It means that we need to be careful with what we are doing. Sure on strategy that makes profit would be ideal and we could just stick to that and make a lot of money, but we know that's not the case here and most of the time we are going to end up with a loss.Every trader has his own strategy and the success of it depends more on money management, even if that strategy started to fail, you may not experience big losses or count it as a failure as long as you took profits from that. However, I don’t think there a strategy that will generate money for you in a very long term since all the market are unpredictable.
We need to make sure that we are dealing with something that can make actual money, and while one strategy could make money on a good bull run, it could be terrible on a bear period. I would say having a few that changes based on the market could eb a lot better for every trader.
From my observation of some older traders who are consistently profitable in the market, I have observed that they usually are very consistent with their strategy or approach to the market.
Just as starting to trade on one pair first is important for a beginner trader, it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.
One trading strategy is enough to make you successful until it is no longer working.
Nobody can change the winning formula, when I use to be a trader, I have made it to a point where my strategy is profitable for few weeks, mainly short term and scalping strategies. I never thought of searching or using another strategy as long as Im profitable on the first one.Just as starting to trade on one pair first is important for a beginner trader, it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.
One trading strategy is enough to make you successful until it is no longer working.
Every trader has his own strategy and the success of it depends more on money management, even if that strategy started to fail, you may not experience big losses or count it as a failure as long as you took profits from that. However, I don’t think there a strategy that will generate money for you in a very long term since all the market are unpredictable.
From my observation of some older traders who are consistently profitable in the market, I have observed that they usually are very consistent with their strategy or approach to the market.
Just as starting to trade on one pair first is important for a beginner trader, it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.
One trading strategy is enough to make you successful until it is no longer working.
Nobody can change the winning formula, when I use to be a trader, I have made it to a point where my strategy is profitable for few weeks, mainly short term and scalping strategies. I never thought of searching or using another strategy as long as Im profitable on the first one.Just as starting to trade on one pair first is important for a beginner trader, it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.
One trading strategy is enough to make you successful until it is no longer working.
Every trader has his own strategy and the success of it depends more on money management, even if that strategy started to fail, you may not experience big losses or count it as a failure as long as you took profits from that. However, I don’t think there a strategy that will generate money for you in a very long term since all the market are unpredictable.
it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.
One trading strategy is enough to make you successful until it is no longer working.
I disagree. If you are only looking for a simplicity kind of thing in your trading environment then certainly you are not fit for trading. Trading is a highly sensitive job where you always need a plan-B and plan-C as well. So, if you are limited on your learning part then you should quit trading immediately.One trading strategy is enough to make you successful until it is no longer working.
What a lot of strategies brings to the table is that you are going to end up with something good, you are going to end up with a result that will actually benefit you and I think that is the most important part of it, I do agree that it will get a good return, and people will make a lot of profit with multiple strategies, it will be quicker too because if it doesn't fit one, it may fit to another one instead and that must be the biggest advantage of having multiple strategies .
it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.
One trading strategy is enough to make you successful until it is no longer working.
I disagree. If you are only looking for a simplicity kind of thing in your trading environment then certainly you are not fit for trading. Trading is a highly sensitive job where you always need a plan-B and plan-C as well. So, if you are limited on your learning part then you should quit trading immediately.One trading strategy is enough to make you successful until it is no longer working.
What a lot of strategies brings to the table is that you are going to end up with something good, you are going to end up with a result that will actually benefit you and I think that is the most important part of it, I do agree that it will get a good return, and people will make a lot of profit with multiple strategies, it will be quicker too because if it doesn't fit one, it may fit to another one instead and that must be the biggest advantage of having multiple strategies .
I don't think one trading strategy is enough to be successful in trading.Trading is something that requires experience,and that experience cannot just come from one time trading,or cannot just come from one mistake you made,the experience must come from series of mistakes you've made,which will inturn make you a better trader.
It's enough to make profits, you don't need to have many strategies before you can make profits. However it is best you always what benefits you the most, my opinion are about things I have done and it worked out great for me. But generally speaking, haven't you heard that a jack of all trades is a master of non. When you keep having many strategy you will not know how to master anyone. For every market conditions, you should have one strategy that you use in trading them which you have already mastered before you make it your one go to strategy.
For bull markets, you should have a strategy and for bear market, you should have a strategy. You can can't use the same strategy for trading in this two market and also when the market is trading sideways, have a strategy for that too. Having one strategy for the different markets is better because you can not have different market strategy for one market and think that you are always going to make profits. Have different trading strategies for different markets but limit them to just one, that's all I'm just trying to say based on what I have experienced myself.
if it would really be that a single strategy or would be having multiple. Just like others been saying that you are the ones who would really be making up such decision on how you would really be gonna deal up with this kind of market. You cant really just that make yourself having that kind of confidence when it comes to this aspect that one strategy would really be that working on. We do know that there are different market situations and variations on which it would really be needing up that different strategies as well. You would really be able to find it out on the time that you would be encountering different conditions.
Strategies will really be that varying depending on the market trend or condition if its really that on the ranging side then of course you wont really be just that making yourself
be putting up some positions with that specially when the market is boring or investors/traders are really that uncertain. This is the shittiest condition
on which i dont really like whenever theres a ranging market.
In my opinion, whether we use one or more strategies, one indicator or multiple indicators combined...will depend on each person because everyone has different knowledge and experience. We should not compare or imitate anyone, use any tool or method as long as it brings the results we expect.
In trading or investing, results are what we care about most, so if we achieve good results as expected, we should not care about what others say. Each person will have a different path to success, we should not imitate others because that strategy may be suitable for them but may not be suitable for us.
In general, what you said is not wrong at all, because if we can maximize everything that is available and makes us get greater profits in trading, then that is a good thing. However, if using many strategies and many indicators makes us confused, then a better approach is to use only one strategy. Usually if we have many options, it will actually confuse us, well that's where sometimes we can't maximize it. While when using only one strategy we will be able to focus more because there are not many choices for us. Apart from that, at any time we can develop the strategies we have to be even better in the future. because we are required to be able to maximize the use of existing strategies. In trading or investing, results are what we care about most, so if we achieve good results as expected, we should not care about what others say. Each person will have a different path to success, we should not imitate others because that strategy may be suitable for them but may not be suitable for us.
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