Post
Topic
Board Trading Discussion
Re: One trading strategy is enough.
by
Oilacris
on 04/08/2024, 21:44:47 UTC
I don't think one trading strategy is enough to be successful in trading.Trading is something that requires experience,and that experience cannot just come from one time trading,or cannot just come from one mistake you made,the experience must come from series of mistakes  you've made,which will inturn make you a better trader.

It's enough to make profits, you don't need to have many strategies before you can make profits. However it is best you always what benefits you the most, my opinion are about things I have done and it worked out great for me. But generally speaking, haven't you heard that a jack of all trades is a master of non. When you keep having many strategy you will not know how to master anyone. For every market conditions, you should have one strategy that you use in trading them which you have already mastered before you make it your one go to strategy.

For bull markets, you should have a strategy and for bear market, you should have a strategy. You can can't use the same strategy for trading in this two market and also when the market is trading sideways, have a strategy for that too. Having one strategy for the different markets is better because you can not have different market strategy for one market and think that you are always going to make profits. Have different trading strategies for different markets but limit them to just one, that's all I'm just trying to say based on what I have experienced myself.
Literally stick into those methods or ways or strategies on where you are are really that making profits. You would really be just that basically making yourself having to stick into that, doesnt matter
if it would really be that a single strategy or would be having multiple. Just like others been saying that you are the ones who would really be making up such decision on how you would really be gonna deal up with this kind of market. You cant really just that make yourself having that kind of confidence when it comes to this aspect that one strategy would really be that working on. We do know that there are different market situations and variations on which it would really be needing up that different strategies as well. You would really be able to find it out on the  time that you would be encountering different conditions.

Strategies will really be that varying depending on the market trend or condition if its really that on the ranging side then of course you wont really be just that making yourself
be putting up some positions with that specially when the market is boring or investors/traders are really that uncertain. This is the shittiest condition
on which i dont really like whenever theres a ranging market.