You are right, @op. People keep changing strategies because they are trying by all means to avoid losses, which is quite impossible. Trading requires consistency in addition to the skills and knowledge already acquired. No matter how good a strategy may be, there will still be some bad days when losses are unavoidable.
For those who are still trying to find the best strategy to minimize their risks and maximise profits, they can start with a small capital. Then, over time, when they find what works for them, they can scale up.
Changing strategy will never make you a profitable trader, it is just like one who happens to be jack of all trades and master of none. Keeping up with one strategy is the best and when you stick to it, you can make it in trading faster because you get to master the skills more and more. Learning makes perfect and when you’re perfect at it, it becomes stick to you and a knowledge you can never do without. Sticking to one strategy is what most profitable traders are onto and they’ve made it far while using that one strategy. This gives you ample time to become better and become better in your trading. One strategy is enough to be a profitable trader.
In trading, you have to accept that you have to change your strategy because you cannot keep up with the changing market system by applying the same strategy. For example, you may want to buy a currency and you see its future prospects very good, but you are very afraid of losing your capital, in that case, you have to think about what decision you will make and if you follow the process with which you are familiar, you will not be able to apply your capital correctly. The reason for this is that your capital will be in a very risky state and you have to analyze the amount of capital you will apply and what will be the period and you have to change your strategy. To be successful in trading, you have to apply different strategies according to the coins and change the holding period of these currencies at different times.