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?
Diversifying they say is very good but in trading if you over diversify too much, you’ll lose what you must need and be after what you don’t need at all. Over diversifying can make you lose the most important trade that will make you more money over other ones that you’re not too sure about their trade or what the outcome will be. Successful traders always have a pair they mostly focus on and they’re masters of those pairs and that gives them more room to analyse the market well and take their trades just at right time whenever the opportunity presents itself. Taking few pairs and studying them well is the best for a trader who want to achieve success soon.