Topic: One trading strategy is enough. - page 6. (Read 1833 times)

If I ask you, op, is it the only strategy you use when you do trading activity in this crypto space? And what strategy do you want to emphasize here in what you did that was also an OP topic?

Why are many indicators used in trading when traders read a chart on a graph? But it's not necessary to use all tool indicators; we need to use only which of them we are comfortable with and where we can get earnings more easily when we do actual trades on any exchange, either Dex or CX.

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 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.
Getting a particular strategy that works for you is very necessary,but getting varieties of strategy that works is also very important because if you depend on only one strategy to work,it might fail you,so getting strategise to work for you is more ideal than getting just one.

Yes, I totally agree with your sentiment here bro, one trading strategy is enough if you want to stand a chance in the market, because their are so many complications in the market already, so mixing it up with so many strategies will just complicate things the more for you, and one ugly truth about trading is that having knowledge alone is not enough, so discipline, emotional control, patience and knowledge on how to control your risk properly is also required if you really want to be successful, that's why trading with so many strategies will just make you confuse and in the process, you might make an avoidable mistake that you shouldn't have made, so in essence is that, just as the op has rightfully said, the only reasonable way to change is when the strategy you are using is not working anymore.

Sooner or later you would really be able to realize or find out for yourself that you would really be needing up more strategies on which you could really be that be able to make use because this market is really that dynamic on which simply means that price movements and the trend/conditions would really be that different to each other on which it would really be just that right that you do really know on what you should really be that make use of such strategy on the time or moment that you do find yourself having this kind of approach. You are really just that basically making yourself trying out to figure on what are the things that you will really be mainly needing. There are individuals who would really be considering on mastering one strategy but on the moment that you will really be able to find out that market is really needing up even more strategies then
you would really be actually be doing it.

Just like on what i have said that on the time that you would really be making yourself having involving with this volatile space then it would really be just that right that you will really be making up adjustments accordingly because this is like a marathon on which making survival and sustain yourself will really be your main priority. You cant really just that make yourself sticking into a single
strategy and sooner you will find out and realize that you would really be needing even more which its a normal thing. Experience will really be telling you that you would really be gonna needing
more than one strategy. If you do really stick into this single strategy principle then it would really be your choice.

Yes, is enough for trader to achieve his or her goal in the market because is a popular strategy many traders are using to put stop in their losses during the bearish season which is the best season for traders to add coins to their wallets and wait for the bullish season to appear before they can trade to make passive income. Focusing on one strategy in trading, it will allow you to become professional on that strategy, because you have experienced so many things that opened your eyes to be on a profitable strategy. Learning with different strategies as a beginner, I don't think it will help beginners to achieve their target in trading, because they will not know the one that will profits them most which such choice can make beginners to experience losses in their trading.

The simpler the trading strategy is, the easier it becomes to implement and the better the result will become. In keeping it simple, one strategy is just enough and the good part of this is that the trader knows what to look out for in the market before entering any trade. When these key features are not present in the market, the best decision is to abstain from entering any trade. The only requirement is the discipline needed to wait and refrain from entering the market when the setups refuses to appear. Remember that with just one strategy, the number of trades will be heavily affected so the discipline to wait is highly needed.

Well, you also have your point. One trading strategy might be good enough, but it still depends on our individual preference. If we have developed more than one working strategy, then that would be a lot better, at least when one stops working, we can proceed to our reserved strategy, that way we will continue to benefit from trading.

Whether its a single strategy or more than that, what matters the most is how the trader use it to maximize trading profit potentials. Otherwise, if you are new to trading, even if you have a lot to use, still it won't make you profitable at all.

The thing when people ask maybe they should stick to one strategy is when they must have been getting profits for that strategy before, someone cannot be losing and be say they should stick to that strategy. People ask this because they feel other strategies will mean more profits which is totally wrong, a single strategy can get you the profits you definitely desire if only you try to perfect your self in that strategy. Sometimes this particular strategy might not be giving you trade opportunities everyday and people get frustrated and then they resort to searching for numerous strategies. If the strategy doesn’t give you trade opportunities for the day go on with other activities and close trade for that day. In fact there people that do not only trade with one strategy but also using one single pair, reason been that they have definitely backtested pair and have gotten the confirmation needed. So I am also of the opinion that a strategy is enough if there is profit and you have mastered it.

Trading is very complicated so learning one strategy is not enough to get profit, every beginner must learn several strategies in order to get the right strategy in viewing the market. Because every market will definitely have different strategies but what is clear is that the most important thing as you said every strategy needed is discipline and consistency. because even with a good strategy if both of these things cannot be mastered then your trading will not go well.

Beginner mistakes are not only fixated on one strategy but the most common mistake is that they do not have their own strategy they prefer to use other people's strategies. In fact, every trader has different strategies and goals so it is very important for beginners to be able to apply their own strategies because only you know where your trading is going.

If you are new to trading, why will you have to learn multiple trading strategies when you already have one that works for you? If you end up doing that, then you will confuse yourself, which at the end, you will end up losing. The best thing is to just focus on one and make sure you perfect it. When you are already a professional trader, you can start working on other strategies, and if the one you are using doesn’t work any longer, the other one which you working on  will serve as a backup for you. But it’s of no use looking for multiple strategies when you already have one that works well.

So how you would really be able to make yourself that be able to have that kind of trading on the moment that on different market variations if you would really be that making yourself sticking on one strategy method when it comes to trading? We've known that there are really that indeed different scenarios or conditions on which it would really be needing up that different approach on which it would really be that
understandable that you would really be needing up another set of strategies when dealing up with something on which we know that when it comes to this aspect then it would really be that something understandable that making use will really be that something relevant or something that helpful. Sooner or later you would really be able to find out that it is really that something needed.

If you do find for it to be enough then it would really be your own choice but if its not then you would really be finding for another strategy that would really be working and something
which would really be that relevant. This is why it would really be that important for such aspect.

A beginner just sticking to only strategy would not be smart of that trader because he would not know if there is another strategy that would had worked better for him while trading. Sticking to just one trading strategy without trying out other strategies can cause you to be trading in losses when there is something else that you could have used to make profits therefore your advice is valid and every new traders needs to try different options before settling down for a strategy that works very well for them. They should not change the strategy until it stops working, not even a distraction of a new strategy should make you to change the present strategy that is giving you profits or you are going to regret it. Trading can be very tricky and if you are not disciplined you lose.

Keeping a stop loss target and buying at the low and selling at the high with pre-determined targets as to set the buying point is good enough.

To be able to make these decisions quickly is the next best thing. That needs practice and with time and patience one can execute the trades smoothly. However opposite site movements are not uncommon and thus the trader should learn how to mitigate them without losing hope.

Most newbie traders still dont understand what buying low and selling high is.

Yes, that's right. One trading strategy is actually enough. If we already understand trading and already know many strategies in trading, but you can't be consistent in one strategy, that's a mistake. Many traders experience defeat because they often change strategies, even though every trader must have been in a moment of getting a winning streak, but there must be a moment when you will experience a losing streak and feel the bitterness of failure.

However, you should not despair and regret the strategy you have made, you must be sure of the strategy you choose because winning streaks are a natural thing in trading. So don't change strategies often when trading, especially if the coin has a basis or fundamental to the strategy you made so you must be consistent with the strategy. Unless the strategy you choose is not suitable, and is not fundamental to your trading. then you should look for another strategy that you think is suitable for your trading.

People's understanding is different in carrying out trading activities in the crypto market, for you one method is enough, not for others, they want to do it based on the knowledge they have, Spot, Margin and Futures are not methods that are often used and the level of risk is different -different.

If I may know what crypto trading method you use...!
And how much capital do you put in, so that you can be successful in doing it...!

All of us here want to be as successful as you in crypto trading, can you give us a little about the strategy you use and what type of crypto currency you use so that you can be successful in such a way, if you like, if not, that's okay, maybe we'll do our own strategy, even if it's not as successful as yours.

Perhaps, over time, a trader will be able to develop his own strategy, but for this, he first needs to study the theoretical part, and later practice what, in his opinion, should work best. Often, a trader enters a trade when he sees suitable conditions for this, and trading only on one pair can be difficult, because if you simultaneously monitor several trading pairs, you will be able to see good moments to enter a trade more often. But if a trader only needs one trading pair for successful trading, then there is nothing wrong with that either.

If you are a totally newbie or even just have a basic knowledge and considered as beginner people tend to find what are the best and fit with their current strategy in trading so they keep doing testing until they find what are the trading strategy they will use and become consistent so they don't need to try too much new techniques as long as the current strategy works on their side.

It is good to make a lot of trading pairs to trade so you have an option people often do this so they can open a lot of positions to get profit but sometimes traders get overwhelmed and exhausted already personally I do single pairs every time to make a position so I can watch the market situation. After the positon close that's the time I do commit a next trade.

In as much as I understand the importance of what you are trying to explain, I will still have a contrary opinion over this. I know it'll definitely confuse learners trying to learn all at the same time but maintaining just one is not ideal too. In fact, it's not even possible to learn every strategy but a trader should learn as many as he can be able to absorb. The last part of your post justifies the important of having more than one strategy. When your favorite strategy becomes obsolete, you don't need to dedicate time learning another strategy, you'll just switch to a new one.


It's actually going to be complicated but it worth every time to get adapt. Single strategy in trading doesn't give a trader options in case of failure. When you have multiple strategies, you can easily diversify from one to another when strategy A seems not to work to strategy B but a single strategy will make you helpless in such situations and things like that often happens to traders.

It's going to be a lot of experiments for a trader and see which strategy works and which one is not. So maybe in the beginning, if you have built a successful trading strategy then it will be enough to consistently making money, but I don't think that it will be big enough. I mean yeah for sure maybe winning like $100 a week is already big when you are just starting.

But sooner though, you might want to diversify and make more strategies, it might be complicated for you, but if you believed that you can work with it and then be consistent, then it can probably make you more money and then you continue to evolved yourself and not just rely on what strategy to make money.