Topic: Stay in one strategy in crypto trading is more comfortable to earn income. (Read 413 times)

Be versatile and this is something that you would really be needing up to survive on this volatile market on which it will really be that recommended when you do hover yourself towards this volatile space. If you have seen that a single strategy does give out that kind of sustainability or profitable for you then it will really be that up to you whether you do stick or not but we do know that on the moment that you are experiencing some loses and situations that didnt really get along with your strategy then this is where you would be able to realize that single strategy wont really be able to work and this is where you do consider out on making or taking up some other strategies. If you arent that having those kind of realizations then you will definitely be having some issues about your profitability. Its always that recommended that you do really know on what you are really that dealing into. Be wary and be sensible on which it will be that impossible that you cant be able to notice it out when it comes to price unpredictability. Each trader would really be having its strategies on which they would really be following because there were those who are really that testing out and sees out on which strategy will really be that fitting out into your own preference because there are traders who do want short time set up and there are ones who do love on long term aspect so it will really be that depending on you on how you do make out adjustments.

The best one strategy is to hold.

Many still don't realize how powerful it is and the success rate of it is even higher than normal day trading or even in the futures.

With holding, you're eliminating the risk of getting liquidated although there will be some impermanent loss but they're all paper loss and you'll even get rid of them once the crypto you hold starts pumping.

Yeah, people do believe they could just find that "one" thing they can do to make money, and sometimes they do make money that way, for even months, and they start to think that they are going to get wealthy that way, then one day they realize it is not working for them, so there is nothing that we can do about it at all. We need to consider how things are changing, we just need to make sure that we can do this properly without having to stick to a single plan.

If you want to be part of a dynamic market like crypto, then you need to be dynamic yourself as well. Always be ready to make a move anytime you feel like market is shifting, this way you are going to be ready to change ships whenever you have to do it.

Regardless of the market or your preferred timeframe, structured analysis is paramount. Dedicate time to establishing the larger context using higher timeframes, then refine your view with lower timeframe analysis for precise execution. GL

Sticking to a particular strategy which you are used to already is a very good attempt to trying to building a profitable trading plan but then there's never a holy grill in trading as you will always have that need to want to change strategy at some point due to the dynamics of the market,  it's a very dynamic one so it can never be okay with just maintaining a particular strategy long enough but in the mean time,  it's good to stick to one working strategy that works till it begins to fail.

I liken this to a business, when we focus on one business and target that business to grow rapidly, and in terms of management it will be easier to handle, unlike when we have or start many businesses at the same time, it will make us even more dizzy and maybe it will have an impact on messy management. Apart from that, as you said, we are likely to be able to see the current trends better and marketing strategies can be adjusted to the times. I think this is the same as in trade. When we have many strategies, we may be confused about which strategy we will implement, especially since none of the strategies we have can be understood perfectly.

traders in general just use what works, doesn't matter if they need to stick to one trading strategy forever, the thing is market dynamically change and new strategy required, there will be some point where you have diminishing return because your strategy is outdated. at that time a trader that seek more profit need to change things around.
so it depends on the circumstances really, trader would definitely be happy to stick with one strategy, like for example longing when in bullrun at every price dips, but what happen if market turns bearish? there will be many of these dips that the dips you bought were actually not the real bottom so you lose money. strategy change and it follows market dynamics.

Does not really matter if we only have one or two strategies, what's important is that they are constantly at work and effective. Reality is, it's even harder for most of us to land into just a single strategy that will boost our confidence and will consistently work for us. Not all traders are capable for that, the reason why many end up trial and error, until they finally decide to quit trading for good as there are more seen losses than reliable gains.

But, he is talking about being comfortable there. And even though both types makes us to earn but I think it is the one where we are only using one strategy is the one that is comfortable the most.

The key in crypto trading is that one should earn a profit and it does not always mean to be different with the other. There are people who can't seem to create a working strategy on their own and then they are seeking for others. So why not? Sharing is caring as they say. We don't know, maybe that person will get lucky here and the strategy that the OP gives will also work on them. You even mentioned combining things in your last post. See?

That's right. Actually, learning many strategies is good so that we can gain extensive knowledge and can choose which strategy is right for us so that we can get consistent profits. Changing strategies is something that must be avoided in trading because it can make you lose and greedy.

The point is, learning many strategies is good because you can test one by one, try to find the right strategy and eliminate bad trading behavior or find out what mistakes you have made when trading. But whatever your trading strategy, the principle is just "take it". If the price goes up, take profit and sell. If the price goes down, take the opportunity and buy. If the price keeps going down and you don't have time to sell, holding is the best choice.

Having only a 1 strategy or a multiple one on which this doesnt really matter that much because traders/investors will really be that sticking into the ways or methods on which they will really be that able to make out some profits or lets say this is the way or method that they do gain profits on which it isnt really that bad on sticking out into this one. It all matters about on how to sustain yourself when it comes into this aspect on which we know that it will really be that much preferred if you do really have that kind of strategy on which you can be able to make use on with but of course we do know that not everything will be giving out that kind of assurance. Always stick on where you do find yourself that making money or income on which it doesnt matter whether it do come from 1 strategy or in multiple.  You are the ones will really be able to assess out whether you will be sticking or not. On the moment that you do acquire up such skills then its not bad to make out some consideration on expanding up your knowledge via learning up other potential strategies on which this serves as a back up plan just in case your main strategy doesnt work or really that having that kind of condition on where it doesnt work. We do know that there's no such thing about best strategy because market can easily fuck it up  due to its unpredictability or simply being random. You would really be that needing to adjust accordingly just in case you had made out some loses specially if the market do make out some unexpected movements on which this is where you do find out the relevance on having back up plans just in case your initial strategy doesnt work or did failed out.

This depends on the person obviously, we have seen plenty of people who use just one strategy and make a lot of money, we have seen people with multiple ones and make profit too.

The key in crypto trading is that everyone is different, so stop trying to give anyone a golden ticket and a way to make a lot of money because what works for you may not work for them, and if you are the one who is looking, stop looking for one method that would work for everyone and guaranteed success, try to figure out a way to make sure that you are dealing with a complex market here and the best thing that works for you could be something you need to combine a bunch of things together that makes it perfect for you and not good for others.

The strategy of the market also fluctuates and one cannot always rely on only one type of strategy in order to see results for their trading journey. Trading is very controversial and the more you learn, the more you’ll get to see and unveil more things about trading. One strategy can works best for you but that doesn’t mean it cannot be adjusted when the need for it arises. Keeping up with only strategy can make you lost on the current situations of the market and may worn out to start bringing loss again. The trading school is another school of thought on its own that requires you to be punctual always.

As a trader, we need more than one strategies because the market will always change and we need to adapt to the current situation. If you just depend on one strategy, you will difficult to follow the market moves and can not find when you can trade. If you can buy low and sell high, that will make a profit from that but with the unstable of the market, you will difficult to find the low price. The low price now can be lower in tomorrow so that is why you must adapt with the current situation and that is why you must have more strategies so you can moves based on the situation.

There is no strategy that doesn’t have losses, moving to multiple strategies it self is what makes one incure more losses. Personally about strategy I have contradictory opinion from yours, for me it is stick to your own trading strategy or plan as long as there is more profit than losses when trading with that strategy. When you encounter losses while trading with your strategy then it is best to simply just best to look at what brought the losses and then improve on that strategy and back test it again.

Sticking to one strategy is what most profitable traders do, if your are trading SMC stick to it, don’t jump to other strategies as this to me will simply just increase the Loss. The only time I advice a change of strategy is when the strategy itself wasn’t something you worked on you had just simply copied it and you are having more losses than profit then it has to go but for one that gives at least 70% wins then it is a strategy to stick with and a better risk management will help to maximize such profit and minimize losses

I believe every trader has his or her own strategies but generally I do not believe that there are traders who stick to a particular strategy because there's no way they won't lose money when the market doesn't go as planned and they will switch to other strategies to see if they can regain what they lost. There are so many strategies and a good trader will always have more than 2 strategies because some times you may encounter losses using your usual strategy but applying a different strategy may become your safe heaven until you see that you can take profit from your usual strategy. People shouldn't just focus on whether they hear they should try and read good books, learn from good traders before trading it helps to save a lot of stress and taking wrong advices.

Lol yeah. Back when I was seeing all these guys you didn't call them influencers you just called them scammers

I wish people would also correctly use these terms for all these socalled traders on social media. They are conmen and scammers, nothing more.

BTW affiliate is a bit different though. I have seen responsible affiliates. They tell you they earn something from the signup link. They tell you they don't even use it, its just for their site income.

What most people do not know is that most traders have strategies which they are using and not that they are changing the strategies. Traders do stick to the strategies that favours their trading. They are strategies and not just a strategy because it can not be one. Almost all of our trading plans are made up of strategies except few. No trader can have a single strategy.

I'd say where you find yourself comfortable, then stick to it. Trading is not about how many strategies you've developed and apply them into your trades, but it's all about the mastery and the profitability factor of the strategy you are using.

Yes, having more than one strategy is already hard. So let's not dwell with that. Focus on a single strategy, when it's no longer useful anymore, then try another one until you find one that will perfectly suit your trading style and attitude.

There's no problem with using one strategy as long as it continues to create you a consistent flow of income. What is not right is if that if you prefer and stick to use that single strategy even if it's not working anymore, that's just a waste of time, effort and money.

You need to develop another trading strategy, or prefer to have two strategies. One will act as your reserved if the one you are using will suddenly stop working and does not  make you profitable anymore.

in general, you should always have a backup strategy at least. if your strategy is a one trick pony, you are going to find yourself in real pinch once it stops working. (just like martingale in gambling, you keep winning until you lose everything)

trading crypto isn't all that great anyway imo (don't fall for all the trading shit you see on the internet, they just want to sell you courses), plus it's super risky. i read somewhere that only around 5% of traders actually make any money and it's not even life changing money.
statistically, you would be better off getting a good paying job and DCAing into bitcoin and holding it for long term.

I agree with you because when we see the bull run coming and at the time market is red we start to think did we bought the right coins, should we stick to them, or should we replace them with others even in lose, risk management is necassary and what does it mean and how should we react in this situation must be taught first.

Another scenario can be, I was into holding a coin not for long term so you can say I do long term trading, I buy coins in spot and wait for my targets and book the profits. I hold them until they give me profit does it mean I make lose mostly nope because I pick coins wisely  So, if I am into long term trading but now for the past few days I am thinking to do swing or short term tradinds even day trading although it's not my field but I manage to convince myself that I can lose the opportunity to make money from the way I made this far if I change the way (strategy). Just like you said.

PS: A friendly suggestion hope you won't mind, whenever you make topics, don't write them in single paragraph it's really hard to read them. Make it more friendly by adding some blank lines.

Especially if you're a famous influencer, you'll earn a lot of money.

Yes trading is full of risks even with 1 fixed/single strategy for me will not be profitable especially when the market is crashing, trading must have strong mental pressure... more leads to emotional or a lot of drain on the mind.

Simple Buy & Hodl is clearly risk-free and just waiting for the right time to sell it, more precisely investing in bitcoin.
But they want to get bigger and faster profits then take the road to futures trading.

The risky part of crypto trading is that it may not always be in your favour and you may lose more if you’re not sustainable in it. It is better to take some part of the profits from crypto trading and invest into bitcoin because of its less risk and high probability of earning more profits in the future when held for the long time. The market is very much volatile and trading needs you to be knowledgeable in order to be profitable.

Crypto trading is not a guess or luck game but requires you to learn and continue learning in order to be successful in it. Due to the volatile nature of the market, one needs to also have a shift in strategy because one strategy will not always work forever. A shift in the condition of the market may also affect the condition of strategy you were employing before. It is good to know the strategy that best works for any market conditions before applying them.

Investment with a same strategy can work for many people and in a long time like Dollar Cost Averaging. In trading, it is very different and one trading strategy can bring different results in different market phases.

Trading is not investment, not holding and different market phases with different trend, volatility will have different pressure on traders. Traders need to be very mobile or in other words, flexible with trading strategy. Make sure to use stop loss order, or stop limit order as prevention if a strategy does not work well.

I agree with the statement to focus more on one strategy in trading, because I think we all know how difficult it is to have and learn various strategies, having more strategies is indeed better but it is very complicated to learn and what happens later makes us confused in determining the moment.

Maybe you have heard this saying "1 move that is trained 1000x is much more deadly than 1000 moves that are trained 1x", so in my opinion it is better to maximize one or two strategies and master them because it can make it easier for us to find profit, because believe me that having too many strategies will only make us feel confused.

You are not wrong at all. The way trading should be done in bear market is different from the way trading should be done in bull market. But there are still some strategies that traders need to not neglect during bull and bear market. Some of them are not to use high leverage. Averaging means patience and can lead to a profitable trading if used accurately and perfectly. Another one is to avoid martingale. As martingale is not good in gambling it is not good in everywhere. Patient traders make money over time because they are patient.

It is better to use only one strategy in the trading activity you are doing than many that can confuse the strategy or analysis you are doing on the chart. At least if there is only one, you will definitely have nothing to wait for except what you expect to happen.

And in case something goes against what you think will happen, you should also have an SL to put in so that you can still catch up on your losses in trading because if you don't practice putting in an SL, you will definitely always be liquidated.

From time to time, have to change your trading strategy when it stops working. But as a rule, a trader uses not one trading strategy, but several. In this case, these trading strategies are used as an addition to the main one and, if necessary, can replace it at some point.

Well I never mentioned that short term trading can change your life, but if you have knowledgeable about that strategy you are using in trading your crypto in the general market to earn income, I believe it will going to change your life because we are referring income to money, and you can use money to set up a good business that will position you to other sources of income, I agree with you on having diversify investment, if you are knowledgeable about the investment because that is the preaching they are preaching to newbies to have other sources of income to be able to succeed well like other professional traders in the industry, but if you are knowledgeable with your mobile strategy, I think it will going to work well with your single strategy to earn income.

That strategy is too broad; you need to be more specific because timing is crucial to making it effective.

If the strategy already worked, then he should stick with it since the main goal is to be profitable, and if he’s already achieving that, there’s no need to overcomplicate things. It’s fine to experiment if you’re not satisfied with your earnings, but profit is still profit. If you want to increase it using the same strategy, focus on raising a bigger capital to amplify your results.

Honestly, I don't know if it is a typo but what you're saying here contradicts each other because I don't see any reason a trader will choose to stick to one trading strategy and still consider the idea of balancing strategy when a new one is introduced.
From my perspective, we are in a market that's improving and growing every day where information is the most powerful tool to thrive. Therefore, using a single strategy will make the trader strategy to be obsolete.

The best and risk-free strategy has always been the same. Buy&Hodl till you make it. How will you know when you made it? Trust me you’ll know when you did. You don’t need to do anything else. The more complicated your trading strategy gets, the longer it will take for you to reach your dreams.

Buy&Hodl is simple, safe and effective.

You don’t need to program a bot or use algorithms.

Buy and Hodl. Any monkey can do that and yet so many people fail. I wonder why…

I don’t think trading can change your life in the short term (unless you’re in a country where $1000 is a good amount of money) so you should think of trading as a way to boost your liquidity which can be used to buy more Bitcoin. In the long term this Bitcoin can change your life if you diversify your investments.
Regarding continuing with the same strategy, in trading you must be mobile, as the same strategy may not work for all cases and times.

One thing about trading is that  no matter the strategy you are using, you will not win 100% of your trade but how you can stay profitable on the long run is if you can also managed your risk to reward ratios. Having a good strategy and also a proper risk to reward management will help you become profitable. There are many trading strategy and from my observation, all those strategy are profitable but one Is profitable than the other, respectively.

 I was looking at my success rate in the previous month when I was only using the support and resistant strategy and I notice I had more winning trades compare to the new strategy that am using now but I love the new strategy am using now because I know it will also be profitable on the long run.

Stick to a particular strategy for a duration, no matter the season or volatility experienced in the market.
Once it becomes clear how such a trader performs via earnings and experience during this period, then it is sure that profit can be increased.
No trader I know made much profit from using one strategy for too long still, and that's why there should be balance when strategies are deployed.

I do agree sticking to one strategy works best. Funny enough that strategy is not actual trading itself. Affiliates earn the most from trading


And everybody, here is one example of a poster using the AI/Machine content creator strategy to post spam in Trading section. Great strategy since most people fall for it.


That's not a strategy, that's the definition traders hope for But you're right, people just forget the basics sometimes.

Exactly!!! Mastering it and doing it consistently is only the key once you already found yours but before this, you will encounter a lot of bumpy roads along the way, it's not easy to have one strategy that will work on you and for long term that will give you consistent profits so you can say "stay in one strategy"

I think, there are some Vita reasons why some traders make use of different strategies to make income from their trading, because if the single strategy they are using is working well the way they want it, I don't think they will border themselves to add another strategy, because they are there to make income from trading. The  single strategy I'm using over some years is giving me what I want whenever am ready to trade my coins in the bullish season which I don't see any reason that will make me to add another strategy, because I'm getting a good results I want from trading. To me, if you are knowledgeable of using the different types of strategies to make income, you can go ahead and continue using them because traders are into trading for income purposes.

Personally I love learning new things, in another field I know fully well I’m not knowledgeable trying out different strategy is not a bad idea rather you’re educating yourself about different strategy. If you’re scared of losing everything and might cause regret later on it’s better sticking with the common strategy that seems familiar yet how can a trader grow when it’s all about just one strategy. Most people trade perfectly with just one strategy so in such situation it might sound off going for something else but still depends on what the person want either going for more or staying at same level.

Traders will keep trying out different strategies until they find that one strategy that fits perfectly into what they want in terms of profitability and risks tolerance and maybe any other goal they intend to achieve. No one will want to abandon a strategy that works perfectly for them, except they are just being greedy. Remember also that no one can stick to only one strategy for ever. The market is dynamic, so certain market conditions may force the trader to follow a different approach to maximise profit. That is why traders must keep learning and stay updated.

No one is going to look for more or different strategies if they are doing great profits for years with only one they knew. So there's a reason why they look for different things and there's nothing wrong with it as long as they do their own research about implementing them effectively according to the current scenario, having dynamic strategy and a back-up/exit plan when the market take unexpected turns will save from potential loss.

BTW, there's only one real strategy which is "Buy low and Sell High".

I know we are still in the festive season celebration and holiday, and many traders are thinking on how to make use of reliable strategy that will be giving them massive income in their crypto trading next year, which is the reason I created this topic to make some traders know that using different strategies will not change anything from their challenges if they don't have knowledgeable about the different strategies,  but stay in one strategy you are knowledgeable about is profitable whenever you are trading your crypto than using different strategies to trade your crypto, because you don't know if those different strategies are real strategies that will make you earn income, but the one strategy you are using to trade so many years, you know how to use it when it is time for you to trade your crypto to earn huge income and it will be good you maintain that single strategy because the major reason people go into crypto trading is income purpose, which we need to tell ourselves the truth, why can't you be comfortable to that single strategy you are using to earn income from crypto trading? I know many people have many reasons why they are using single strategy and different strategies to trade their crypto, which it will be a good thing for you to share for new traders to look into it to know the decision to take next.