Topic: One trading strategy is enough. - page 7. (Read 1833 times)

Yes, this is actually true that when it comes to market conditions and variations then we do really need to have different strategies just like on what you have said because on the time that you are just focusing on a single strategy then it wont really be working in other market conditions on which it would really be only focused into that particular condition on which you do find it to be that relevant.

This is why it would really be that relevant that you do really know on what you are really that doing. You could really be able to adjust accordingly on whatever the things you would really be able to encounter
on which of course there would really be no guarantee that these strategies do work but same as you said that it is really that better to have one rather than on having nothing at all.

You would really be able to find it for yourself on the time that you've seen others been using other strategies then it would really be better that you do really make out those adjustments.
This is why it would really be that better that you do really know on what you are doing. So that you would really be making yourself adjust accordingly.

I know about that, buddy. That is what I was talking about. Since the market is not too much volatile, you don't really need many strategies and probably it is possible to go with just one strategy if people trade of stock market. But compared to crypto, it's way too much volatile and you never know what is going to happen in the next hour. So, your generic one strategy is not going to work.

You always should have a backup strategy for situation like this. I haven't been doing leverage trade for a while, but I have been doing some spot trading and part time holder as well. A single strategy is not enough to recover huge losses. So, sometimes you have to take risk to recover from such situation.

I know been consistent with a particular strategy is good in trading which can actually bring profit to traders.  The problem with most traders is that they work with different strategy which has been challenging to them because it is not all strategies that works at the same time , it is important for traders to get to understand the strategy that works for them than having surplus strategy that can result to the lost of money. One thing traders should also know is that relying on a strategy is not a guarantee of good profit because trading strategy can change with time, so it is important for traders to be current with strategies just incase a particular strategy stop working well.

One trading is enough, but it depends on the kind of strategy you have. If you have a good strategy that works well on your trades despite of some few losses, I can say you can settle with that and continue to improve it to minimize your losses in trading.

However, it's never bad to get exposed with several trading strategies at first because that's the only way so you can come up with your most powerful strategy. And once you found it, stick to it and make the most of it while trading in the market.

Well, you are right, in order to find the best strategy that will fit for someone, one should try out different strategies and find out which one is the best and will suit to the trader. It actually depends on the personal preference of the trader. Either you chose the highly risky one or the least risky strategy, the important thing is you will earn a decent profit on it consistently and you are comfortable and confident on your personal choice of trading strategy.

Will they come a time where a strategy will no longer work if it has been mastered and understood? I don’t really think so. If you’ve mastered a strategy it doesn’t mean you won’t get losses but just have it in mind that you’ll get to learn more and more new things about it that will make you more perfect in it.

Sticking to one strategy is good but will advise if all strategies is being tested by a beginner before they finally settle for one that pays them more, the one they understand better and are always profitable in it using one single strategy. Let them elaborate while learning and testing l, them pick one that suits them most and stick to it all their life.

And bare in mind that binary trading is really that a some sort like a gambling type kind of trading even though it would really be that just needing to choose up whether it would be going up or down of the price
but since we are dealing with an unpredictable and volatile market and on a short period of time then it would really be that something that too risky for you to deal up and this is why that not lots of traders or people who do really wanted to test out binary options just because they cant really be able to handle or bare up with the risks involved. This is why it would really be that just important that you should really know on what you are doing. Speaking about one trading strategy then this is something that wont really be that something ideal just because the market does have different variations on which simply means that you would really
be needing up to consider on making different strategies too on different conditions.

You would really be able to find it for yourself on how this market behaves and be able to see and realize that you would really be needing to make use of another approach on which you do sees out for it to be that relevant. This is why it would really be that important that you should really know on how you would really be gonna deal off with things for you to be able to make such decisions and creating strategies for
specific price movements or market situations.

When you are trying to add more strategies to your trading as a new trader, it can make such new traders to miss so many positive things in trading because it will not make you to concentrate to the particular strategy that is bringing profits to traders. Learning different strategies in the industry on how to trade, I don't think anything is wrong about that as an old traders in the industry, because you will know how to use one strategy among other strategies to earn profits from your trading which new traders need to be master of one strategy to earn plenty profits before they can learn more strategies.

Am still using one popular strategy to trade my coins, and is working for me the way I want it and till now I don't want to use different strategies in trading because I don't want anything that will make me to lose profits in trading.

You do not have to change what is working for you until it stops working, you have to perfect one trading strategy to be capable of using it anytime that you want to trade because you have mastered everything about the strategy and you can be getting profits regularly. Changing from one strategy to another is going to get you confused, you can also make mistakes that will cause you to lose because you might mistake one trading strategy for another. Using just one strategy will help you when you make mistakes you can correct yourself and try again until you can be making profits from the strategy. We should focus on mastering one strategy but when it is not working anymore for us, we have to change strategy and not think that we can not use another strategy to make money.

Binary trading is way too simple, so it would be fine if we can just use one strategy here, while I think stock market trading is the same as spot trading here in crypto which are not that simple, so they are the ones that needs more than one strategy in order for us to still possibly profit even for a random and gloomy market condition.

To be honest with you, I don't have an experience on the stock market either but like what I said earlier/above, they are kinda similar with spot trading here in crypto and if there are obvious differences, that would be is that the medium that we are using in stocks trading is stocks (hence they are called like that). If you still don't know what stocks are, they can be Apple stocks for example, or Coca-Cola stocks. It's like the company's name or product that is at stake here.

You can always use Google to know more about them. Another obvious difference of stocks trading in crypto trading is their volatility. Stocks trading is known to be less volatile than in crypto trading, I guess that is because of their supply differences and that is cryptos has more and sometimes have an unlimited amount of supply, while stocks only has limited.

Only basic knowledge of mathematics is required—not anything too serious.


Everyone must not be involved in crypto trading as there are many opportunities in the crypto space, but if you must become a trader, recognizing patterns is not an instant ability for a new trader; it takes a while to develop, and to develop this ability, you have to practice and be consistent with looking at the charts so that you can see these patterns over and over again for you to be able to recognize them.

Exactly. Possibly, one strategy is enough for Binary trading or Stock market trading. I haven't traded on the Stock market, so I don't know how it works. But we are talking about the crypto market here, which is extremely volatile, and nobody knows what is going to happen. Everything was going uptrend for a week, and it may crash in the very next hour by 3-4% and I am sure most of the traders are not ready for such movement.

Imagine you were accumulating for the whole week and a specific crypto gained 3% in a week, but then it went down 4% in a hour because some bad news hit the market. I am sure it will take another week for a trader to overcome that loss using the same strategy!

I agree with you OP. As long you are profitable, it's already fine, you just to master it. But having one trading strategy that will make you profitable is difficult to build, you may try different strategies, you may loss some amount of money but everything is worth it once you find and build your own trading strategy that will help you to become profitable.

Everything you said is true OP, I remember the importance of it after you said it, I would also agree that learning many things at once at the same time will only make us more confused, maybe we have heard the saying that 1 move practiced 1000x is much better than 1000 moves that are only practiced once each, meaning learning various strategies at once is indeed good but it is actually very possible to make us even more confused and in the end everything we learn is useless or does not help us in terms of increasing profit opportunities.

I also feel and experience this where when I was still a beginner I studied various strategies from various sources at the same time and it turned out that the results were even more losses, because maybe it was caused by me studying many things in a short time so that I could not really focus on learning especially studying the weaknesses and strengths of all the strategies I learned so that when I used them in executing the market the results were losses.

Successful traders in my opinion are those who have good consistency in terms of making profits, there is no point in learning various things at the same time if in the end it is completely useless and only wastes a lot of your time, so choose one strategy that you think is right for you and focus on learning about the weaknesses and strengths of the strategy before you decide to apply it in terms of executing the market, and this is a really important point that all traders, especially beginners, should know.

I agree with you. One trading strategy that is best for any beginner or anyone who doesn't understand math or have pattern recognition ability is, in my opinion, buy and hold.

market requires you to be flexible, you likely gonna require many strategy if you truly want to profit.

for an instance, the strategy for trading altcoin and bitcoin is starkly different, with bitcoin you can buy the dips and just wait until price recover, but with alt you can buy the dip and you will see more dips until you ran out of money to buy the dips and the altcoin will never recover again.

you just can't settle with one strategy if market is like that, on the opposite, by adapting to the market, you will create better set of strategy to go dominate the market and effectively trade on both bitcoin and alts.

I would agree with that, one strategy definitely isn't enough. I would say one strategy when you are on the action could be fine, like if you have 10 strategies and one of them works and you start doing that and in that moment don't switch strategies just on the middle of the road, try to make sure that you deal with something similar, not really get anything crazy at all.

But, if we are talking about something that could make some profit, then the best way would be having some open view to the market and not limit yourself. If you have just one strategy and nothing more, you are limiting yourself and that is going to be a very tough situation for you, nobody would like that, it would also mean that you are going to be a lot slower instead as well.

While I agree, the issue is that those new traders do not know which one of all the strategies they have read is the one they can use to obtain profits, so at the early stages of their trading careers, it is correct to try different strategies to see which one fits them the most and offers the best results, however once a trader has taken a decision and they are sure the strategy they have selected is a profitable one, then they need to stick to it and master it.

I disagree with you! Talking about the experienced traders who are making profits in the market, I am happy to be one of them, at least in my little way. Trading strategy is subjective, we should respect that for any trader as long as it is working for the trader. There are traders who are fine with a single strategy, but it is not sufficient for others, they have to combine more than 2 strategies together for more reliability.

Like myself, I will be deceiving myself with a single strategy because there are many signals that one strategy will not be able to capture, but if they are two or three, the chance of it not missing your radar is higher. Also, a combined strategy often filters our trading signals for better reliability, we can't underestimate that. Nevertheless, I say yes to the one-pair trading, it helps traders to be better focused.

I think you should try a lot of strategies because it will give you a lot of experience in your trading, if you think all the strategies have been tried then you can determine one strategy that makes you profitable but I'm sure some traders will not try just one but they will apply many patterns to this strategy.

Sometimes we have to understand everything we need, and indeed if you use many strategies it will be a little complicated for you and even drain energy for a trade, it's just that this is for the sake of profit so I think some traders do a lot about the strategies they know.