A direct question to traders.
There are various effective strategies for trading the market, and success mostly is based on your understanding of any strategy of your choice.
What has been your most effective strategy or strategy in confluence with another for trading the market?
Price action? or use of indicators? Or are you an ICT trader?
Can you also share your reason for the strategy you use now, and which other strategies you have used before.
The most effective strategy for me is to be very patient, do not FOMO and do not trade often. While in the past I would have 100 trades a month, today I have 1-2 trades a year and sometimes I don't even trade during the year. I try to catch best possible moments in trading to buy and sell at a right time. With this approach, I watch the price regularly and wait a lot to catch the lowest price, then I buy and wait a lot to catch the highest price. This strategy is very successful for me. I also implement some minor technical analysis and use the past to predict the future. I've made solid 50% and 100% profits with this strategy.