Post
Topic
Board Trading Discussion
Re: One trading strategy is enough.
by
Botnake
on 05/07/2025, 23:50:49 UTC
Sometimes most traders think maximizing lots of strategies will results in quick actions but it differs, yes a profitable market depends on a good strategy in as much as you can be consistent in it. And clearly sticking to a particular strategy doesn't seem profitable in the long run as things tends to change this is more reason one get to hold on to different strategies while working with one.
They don't have patience because they want to get results quickly and big, but actually the more consistent you are with just one strategy, the greater the chance of getting consistent profits, even if it's not big.
Understanding many strategies may help us because the market is often unpredictable and it is possible that one of these strategies suits the current market conditions, but overall using many strategies in one trade will cause confusion and mistakes in decision making.
While I do not oppose having multiple reserved trading strategies, but in the long run you have to stick with a single strategy that is best suited to your trading style.

However, sticking to it does not simply mean you just keep doing the same thing, but as what successful traders have been telling us, improve your strategy from time to time and keep it updated, so that it can still combat those unpredictable market changes that are bound to happen every time we decide to trade.