Quote from: martyns on April 13, 2023, 09:54:07 PM

Quote from: cydrix on April 12, 2023, 06:44:57 PM

Trading approaches that were profitable in the past may no longer be effective in the future. When considering a strategy shift, it's critical to analyze previous tactics and decide whether to dismiss them entirely or keep them in mind for the future. While a new strategy may be operating well, an old one may become useful again in the future. It is critical to remain adaptable and open to modifying techniques as needed, while still recognizing the potential usefulness of previous approaches. Finally, the most effective approach is one that is adaptable to changing market conditions. Willing to learn some new strategies, any tips?

It is not sometimes good to totally dismiss the
Old strategy you used before that worked for you,because it might be very helpful in the future or present.To me,whatever strategy that worked for me before,I dont throw them away or forget them,I try them with the present trading situation,if it works,I use it,if it doesn't,I try to consult my colleagues,because deriving a strategy by yourself can sometimes seem difficult,it's called update,when you are updated on the strategy that is currently working,you switch to it for it to work for you as well.
Most persons will dismiss their old strategy and switch to the latest ones they are using,but sometimes the old strategise are more effective and better than the new ones

All I know is that the market changes and for us to keep using the same strategy over and over again, we need to keep adjusting our strategy to fit in to the current market situation. We should be responsible for making sure that our strategies conform to the market structure so as to trade the market in the right way that will enable us to make profits. We need to ensure we are prepared as a trader to utilize our tools to make sure that we get the best from the market since our aim is to make profits.