In the crypto market, there are many trading pairs. After trading only two pairs for a year, I discovered that it is good to focus on a few pairs. Why? It has allowed me to master those two pairs and understand how they really move. It has also taught me patience because when your favorite setup does not appear, you can avoid entering a trade. Remember, jack of all trades, master of none.
What is your opinion about this?
This is good and many expert traders are not the type that trade all the pairs they come around in the crypto trading market. A lot of opportunities to take trades are in this market but if you diversify too much, you’ll lose focus and miss the most important trade you’re suppose to enter. Expert traders take on one or few pairs and stick to them because they have already mastered the art of patience, so if that pair doesn’t give them what they want, they’ll wait patiently for it to reach their target before entering. They can take advantage of other pairs that are clear to take on, but that happens once in a while and not often as they will do to their usual pairs they trade.