Using a single strategy may be a good option but it can never be guaranteed reliable in the future. This is the reason why we have to keep informed and updated with the latest market trend so that we can adjust and level up our own strategy if it's no longer working anymore.
Also, if you have variety of strategy that you have proven valuable in your trades, then much better. That way, you will no longer struggle in trading because you come to trade in the market with reserved strategies that are proven worthy and useful.
I share your view and I have used one strategy to trade the market before, it was a trend trading strategy. One thing I can't decipher about the use of one strategy to trade which I don't think people are considering is how the one strategy helps you spot your trade, know the overbought and oversold region and also help you decisively know the exit time and levels. There are different strategies for all that, people overestimate the the power of one strategy, professional traders need more.
Traders' approaches to trading strategies definitely vary, it's not always just about one strategy, but they can try several strategies and combine them. Sticking to the same trading strategy over the long term has never been a problem as long as the trader is making a profit, but along the way I think they have also developed the strategy to be more effective.
In fact, most traders have changed their trading strategies based on market conditions. They adjust their trading strategy based on the trend, which is much better considering that the goal of trading is to take advantage of price volatility to gain profits.
From the back-and-forth argument you made, the conclusion only corroborates my stance here, it's only the inexperienced traders that can maintain a single trading strategy, it's not as simple as it looks. The market is too dynamic for one strategy and requires a practical approach in all conditions which the one strategy will not be able to fulfil at all times. I've read many stating it as if it is a choice of the trader but I smile. It can only be the lack of true knowledge of trading for anyone to think that way, trading is not child's play, you must be ready for all vices it might push forward for you to be successful in it.
We are all will really be able to pass or be able to go through such moment or time on the situation on which we are really that being inexperienced on which we would really be having those kind of thoughts that mastering one or single strategy would really be enough on dealing up with the market. Sooner or later as we do able to gain up experience then you will really be able to find or tell into yourself that it wouldnt really be
something that could fit out. Why? Just like on what most people been saying on here that market does have tons of different variations or conditions on which it will really be needing up that kind of strategy
on which you would really be needing up to consider on making up some adjustment basing up on the movement or whatever condition it might have.
As a trader then you would really be that making yourself to be versatile as much as you could because you will really be needing up to have those adjustments and we do know that trading does involved
that trial and error on which it would really be a never ending kind of finding up methods and strategies until we do see that it will really be that relevant on what we are really that dealing into.
You cant just fit out on having that single strategy on a market that will really be having tons of situations when it comes into its movement.