I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.
Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.
What about you, what is your preference, and why?
It all depends on the situation. Sometimes, a simple approach is not always better, and you may need to modify your approach to achieve the desired results. There are many factors that influence trading strategies, such as experience, time management, risk assessment, and personal choices. Some traders find success with a simple and focused approach, while others prefer employing multiple strategies.
Personally, I prefer a mix of both approaches, as it allows for flexibility and adaptation to different market conditions.