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
basically I just use the old strategy where we often make transactions so we understand the characteristics of the strategy I use. so never change strategy but rather self-development because over time we have trading intuition. trading in my opinion is our communication with the market according to our own point of view. even though using the same strategy, but because everyone has a different point of view, the final result will be different too