Post
Topic
Board Trading Discussion
Re: One or more trading strategies, which one do you prefer?
by
EarnOnVictor
on 30/06/2023, 14:28:18 UTC
Combination of strategies is not always helpful, making a trader to become either confuse or more confident about an entry.
in other words, sometimes people will confuse themselves with the strategy, in fact, that is the strategy they want to implement.
What you guys don't know is that what you called the state of confusion is the state in which you are supposed to wait rather than take any trading action. There is nothing you can say about trading that I don't know or have not tried, and my experience of all of them concludes that 'you should use what works best for you.'

For me, it's the combination of well-blended strategies that help me trade at the right time, but could force discipline in me to be patient before trading. This also helps me to win more trades and averts more losses than the mistake of trading one strategy would have caused.

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.
Trading strategies or trading signals?
I mentioned strategies and signals there, it depends on what you referred to. Trading strategies are the approaches you use to speculate what the market would do. While trading signals are the advice given by your strategies or its issuer for you to act upon.

Trend detection is generally never part of the strategy
Can you then tell me in simple terms what detects the trend of the market if the trading strategy is not part of it?