Post
Topic
Board Trading Discussion
Re: One trading strategy is enough.
by
EarnOnVictor
on 01/10/2024, 15:55:18 UTC

"Your observations are really valuable. Consistency and focus on strategy is vital to a trader's success. It's very common for new traders to get confused by multiple strategies, so it's wise to stick with a specific strategy that will work over time. Thanks for sharing your thoughts!
[/quote]
You are wrong about this, I see multiple strategies as a solid foundation for new traders. It is not a matter of using all the ones they know at once but continuing to learn as many strategies as possible so that they will have a richer knowledge about trading strategies. They can then proceed to refine them and choose the best one over time. What trader would they be if they were so unified to a single strategy? I can't just imagine that.

My trading experience taught me that a trader can never use a single strategy unless the trader is deceiving himself. The market is dynamic, you need to know its true behaviour, but one single strategy will not be able to know this because of its dynamism. You can't tell me what a trend strategy would do is what a support/resistance strategy would do. What about the price action? The overall pattern of the market? We need different strategies for these, the market psychology is cryptic, let's stop deceiving ourselves.