One trading strategy is enough.

[GxSTxV]

From my observation of some older traders who are consistently profitable in the market, I have observed that they usually are very consistent with their strategy or approach to the market.

Just as starting to trade on one pair first is important for a beginner trader, it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.

One trading strategy is enough to make you successful until it is no longer working.

Nobody can change the winning formula, when I use to be a trader, I have made it to a point where my strategy is profitable for few weeks, mainly short term and scalping strategies. I never thought of searching or using another strategy as long as Im profitable on the first one.
Every trader has his own strategy and the success of it depends more on money management, even if that strategy started to fail, you may not experience big losses or count it as a failure as long as you took profits from that. However, I don’t think there a strategy that will generate money for you in a very long term since all the market are unpredictable.

[hyudien]

From my observation of some older traders who are consistently profitable in the market, I have observed that they usually are very consistent with their strategy or approach to the market.

Just as starting to trade on one pair first is important for a beginner trader, it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.

One trading strategy is enough to make you successful until it is no longer working.

Nobody can change the winning formula, when I use to be a trader, I have made it to a point where my strategy is profitable for few weeks, mainly short term and scalping strategies. I never thought of searching or using another strategy as long as Im profitable on the first one.
Every trader has his own strategy and the success of it depends more on money management, even if that strategy started to fail, you may not experience big losses or count it as a failure as long as you took profits from that. However, I don’t think there a strategy that will generate money for you in a very long term since all the market are unpredictable.

At first we will get to know many strategies that we can use, but over time we will see which strategy is easier to understand and provides many benefits. After that we will make a decision to use only one strategy. Basically I myself don't want to bother too much about which one to use, I mean if there is one we can use and it brings profit, then I would prefer to develop it and explore it further. You are right, even though it can bring profit, it does not mean that we are free from the risks that we face. Because after all the market cannot be predicted precisely, even though we have done our best to analyze it, if there is something that makes the movement move in the opposite direction from our predictions, then no one can reject it. So my advice is to use the best for us and don't forget to continue to explore it. Because even though we already understand but we don't want to explore it in my opinion we will be left behind too.

[tygeade]

Nobody can change the winning formula, when I use to be a trader, I have made it to a point where my strategy is profitable for few weeks, mainly short term and scalping strategies. I never thought of searching or using another strategy as long as Im profitable on the first one.
Every trader has his own strategy and the success of it depends more on money management, even if that strategy started to fail, you may not experience big losses or count it as a failure as long as you took profits from that. However, I don’t think there a strategy that will generate money for you in a very long term since all the market are unpredictable.

The problem is that there isn't a single strategy that works on every single market and every single day. Like for example what works a week ago, wouldn't work on today, when it crashes so hard. It means that we need to be careful with what we are doing. Sure on strategy that makes profit would be ideal and we could just stick to that and make a lot of money, but we know that's not the case here and most of the time we are going to end up with a loss.

We need to make sure that we are dealing with something that can make actual money, and while one strategy could make money on a good bull run, it could be terrible on a bear period. I would say having a few that changes based on the market could eb a lot better for every trader.

[fuguebtc]

In my opinion, whether we use one or more strategies, one indicator or multiple indicators combined...will depend on each person because everyone has different knowledge and experience. We should not compare or imitate anyone, use any tool or method as long as it brings the results we expect.

In trading or investing, results are what we care about most, so if we achieve good results as expected, we should not care about what others say. Each person will have a different path to success, we should not imitate others because that strategy may be suitable for them but may not be suitable for us.

In general, what you said is not wrong at all, because if we can maximize everything that is available and makes us get greater profits in trading, then that is a good thing. However, if using many strategies and many indicators makes us confused, then a better approach is to use only one strategy. Usually if we have many options, it will actually confuse us, well that's where sometimes we can't maximize it. While when using only one strategy we will be able to focus more because there are not many choices for us. Apart from that, at any time we can develop the strategies we have to be even better in the future. because we are required to be able to maximize the use of existing strategies.

As I said, it all depends on each person because each person's ability is different, I don't care too much about which strategy to use, one or more strategies.
If you only use one strategy and it gives you the positive results you expected then continue with it and don't care about the strategy other people use. But if that strategy does not bring you good results, you need to change immediately, you can combine or still only use one strategy, as long as your results change in a positive direction.

If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.

[Lakai01]

[...]
If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.

If you combine several strategies into one, you end up with just one strategy to follow anyway So OP is always right with his statement: you only need one strategy. Whether this consists of 500 "sub-strategies" or not is ultimately irrelevant.

However, I wouldn't tie the whole thing down to the strategy, but rather modify the statement to that effect: You need a plan (and you have to stick to it).

Much more important than the trading strategy itself is to be clear about your limits, profit intentions and money management. You can only achieve this if you prepare very well for the trades and follow the plan 100%, even if the trade is "still going so well" or "will soon recover anyway". Unfortunately, the best strategy does not protect you from your own stupidity (or rather: greed)

[Oilacris]

[...]
If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.

If you combine several strategies into one, you end up with just one strategy to follow anyway So OP is always right with his statement: you only need one strategy. Whether this consists of 500 "sub-strategies" or not is ultimately irrelevant.

However, I wouldn't tie the whole thing down to the strategy, but rather modify the statement to that effect: You need a plan (and you have to stick to it).

Much more important than the trading strategy itself is to be clear about your limits, profit intentions and money management. You can only achieve this if you prepare very well for the trades and follow the plan 100%, even if the trade is "still going so well" or "will soon recover anyway". Unfortunately, the best strategy does not protect you from your own stupidity (or rather: greed)

Combining or not, then it would really be just that on the same goal or target on which you would really be that definitely be making use of all the strategies that you do know. It is really just that a matter
of someones approach on how they would really be making their analysis or on how they would really be treating it out. Some would be considered it as a whole and there are ones who do consider it to be different or by parts. What matter most on here is on how you do make yourself having that kind of doing on the time that you do encounter different conditions or situations when it comes to market movement? Would you really that sticking into a single strategy on which it is really just that good for a certain condition or movement? Pretty sure you would really be finding something else on which
you would really be seeing to be relevant on particular approach. It would really be that just basing up into your own ways on how you would gonna handle it.

[Silberman]

As I said, it all depends on each person because each person's ability is different, I don't care too much about which strategy to use, one or more strategies.
If you only use one strategy and it gives you the positive results you expected then continue with it and don't care about the strategy other people use. But if that strategy does not bring you good results, you need to change immediately, you can combine or still only use one strategy, as long as your results change in a positive direction.

If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.

At the end the only thing that matters is what works, since what works for one person may not work for another, and there are clear examples of this being the case on the past, in which a newbie trader used the strategy of an experimented trader, and despite knowing they had the right strategy they still lost money, so whatever is the path that we take, as long as it works the rest becomes completely irrelevant, still it is also true that using several strategies should be harder, so all things being equal, using a single strategy should be more efficient than using several strategies.

[Cookdata]

From my observation of some older traders who are consistently profitable in the market, I have observed that they usually are very consistent with their strategy or approach to the market.

Just as starting to trade on one pair first is important for a beginner trader, it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.

One trading strategy is enough to make you successful until it is no longer working.

My first strategy as a trader is that I avoid meme coins as possible. It's not even a strategy but more like a warning, some traders give this call to their followers when they see liquidity in them but I see that as a foolishness. Why would any person try meme coin trading just because they see much liquidity and growth when they tend to drop, theirs is always worst. For instance, the last 3 days that the market crash meme coins were touch the most.

Another thing is, whatever strategy you chose to used in trading, make sure you are not greedy. This thing is underrated when it comes to.trading but if your initial take profit is reach, close it and reexamine the market if it's work opening another position instead of leaving the previous one for more profits, if you aren't careful you might lose everything.

[Rockstarguy]

Nobody can change the winning formula, when I use to be a trader, I have made it to a point where my strategy is profitable for few weeks, mainly short term and scalping strategies. I never thought of searching or using another strategy as long as Im profitable on the first one.
Every trader has his own strategy and the success of it depends more on money management, even if that strategy started to fail, you may not experience big losses or count it as a failure as long as you took profits from that. However, I don’t think there a strategy that will generate money for you in a very long term since all the market are unpredictable.

The problem is that there isn't a single strategy that works on every single market and every single day. Like for example what works a week ago, wouldn't work on today, when it crashes so hard. It means that we need to be careful with what we are doing. Sure on strategy that makes profit would be ideal and we could just stick to that and make a lot of money, but we know that's not the case here and most of the time we are going to end up with a loss.

We need to make sure that we are dealing with something that can make actual money, and while one strategy could make money on a good bull run, it could be terrible on a bear period. I would say having a few that changes based on the market could eb a lot better for every trader.

As a trader having a particular strategy and thinking to just work with only it is not the best because a strategy don't work forever when it comes to trading. It is better to use a strategy for trading while it last, when the strategy is not making profit like it used to be before one should be able to notice it and try another strategy that can be profitable for the trading. Giving good attention to the strategy we use in trading is very important, like when it is no longer profitable. If traders have the knowledge that strategies don't work forever in trading they will be more prepared to learn more which it won't like a surprise when a strategy is not profitable.

[Lakai01]

Some would be considered it as a whole and there are ones who do consider it to be different or by parts. What matter most on here is on how you do make yourself having that kind of doing on the time that you do encounter different conditions or situations when it comes to market movement?

If you are talking about market movements here, that indicates to me that you are talking about different time windows. A market movement has no relevance on a time frame of 1H, on a time frame of one week of course it does.

But these are completely different markets that you serve as a trader, they are not comparable. The plan is also completely different for lower timeframes compared to higher timeframes.

Within a market (or timeframe), the strategy must of course be able to react to changing conditions. Depending on the market, however, other factors are decisive.

So you have to be careful not to compare apples and oranges.

[retreat]

I quite agree with what you said, because when a trader only focuses on using one trading strategy, then he really uses that strategy to be able to maximize his trading, and as he uses that strategy, then over time his expertise in using that strategy can be built - he can know what the weaknesses and strengths of that strategy are, and use it to gain profit in the market. His consistency in using that strategy really helps him to trade better in the market, compared to using many instruments or strategies.

[fuguebtc]

As I said, it all depends on each person because each person's ability is different, I don't care too much about which strategy to use, one or more strategies.
If you only use one strategy and it gives you the positive results you expected then continue with it and don't care about the strategy other people use. But if that strategy does not bring you good results, you need to change immediately, you can combine or still only use one strategy, as long as your results change in a positive direction.

If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.

At the end the only thing that matters is what works, since what works for one person may not work for another, and there are clear examples of this being the case on the past, in which a newbie trader used the strategy of an experimented trader, and despite knowing they had the right strategy they still lost money, so whatever is the path that we take, as long as it works the rest becomes completely irrelevant, still it is also true that using several strategies should be harder, so all things being equal, using a single strategy should be more efficient than using several strategies.

That's what I mean, the most important thing we need to care about is the results, not which method people use the most. Because it may work for them but it may not work for us, and if it doesn't work for us then why do we stubbornly use it? I don't want to argue with people whether to use one strategy or many strategies, what I want to say is do anything as long as it brings the results we expect.

Each person will have a different mindset, knowledge and understanding. We should know our strengths and weaknesses and have methods that suit us, don't try to follow others and lose yourself . When it comes to investing and trading, the goal is to make money and achieve profits, not who is right or wrong .

[Webetcoins]

In my opinion, whether we use one or more strategies, one indicator or multiple indicators combined...will depend on each person because everyone has different knowledge and experience. We should not compare or imitate anyone, use any tool or method as long as it brings the results we expect.

In trading or investing, results are what we care about most, so if we achieve good results as expected, we should not care about what others say. Each person will have a different path to success, we should not imitate others because that strategy may be suitable for them but may not be suitable for us.

I agree with you on this. A lot of people try to copy others when doing something, especially in trading, people try to copy other people's trading styles, their strategies, and even their trades, but they don't understand that you can't get success this way. Even if it works for a while, it will only be temporary, and for permanent results, they will need to do everything themselves. So, any trader needs to gain as much knowledge as possible before they start trading.

When you are knowledgeable, you don't need to copy others because you should be able to create your own strategy, read the charts yourself, and understand where the market will move next so that you can place your trades accordingly. Without knowledge, you can't survive for long in this market.

[dansus021]

One trading strategy is enough. It is enough if you are mastering it, I mean trading view for example give you a ton of tool, from drawing, indicator and candlestick pattern and basically people can make combination from it and can lead into more and more indicator.

I Believe pro trader only use a few indicator that he really mastering in it and can lead him into daily profit for live.

[Distinctin]

Nobody can change the winning formula, when I use to be a trader, I have made it to a point where my strategy is profitable for few weeks, mainly short term and scalping strategies. I never thought of searching or using another strategy as long as Im profitable on the first one.
Every trader has his own strategy and the success of it depends more on money management, even if that strategy started to fail, you may not experience big losses or count it as a failure as long as you took profits from that. However, I don’t think there a strategy that will generate money for you in a very long term since all the market are unpredictable.

The problem is that there isn't a single strategy that works on every single market and every single day. Like for example what works a week ago, wouldn't work on today, when it crashes so hard. It means that we need to be careful with what we are doing. Sure on strategy that makes profit would be ideal and we could just stick to that and make a lot of money, but we know that's not the case here and most of the time we are going to end up with a loss.

We need to make sure that we are dealing with something that can make actual money, and while one strategy could make money on a good bull run, it could be terrible on a bear period. I would say having a few that changes based on the market could eb a lot better for every trader.

Some could actually settle with one strategy and make it work longer, while others need few strategies so that they won't consistently lose in the market. What works for others may possibly won't work for us. So as much as I need few but reliable strategies when trading with the different market condition, some still prefer only single strategy and we can't change the fact that it probably work for them as well.

[Dr.Osh]

Yes, it would be better if we mastered one strategy and developed it to be better than learning many strategies but we couldn't master them. So, I think, as long as a trading strategy is successful, and it really brings profit, then that is enough to make someone successful. In fact, it would probably be better if he developed it into a better strategy. That's better than continuing to look for new strategies, but not having maximum results.

[bitgolden]

At the end the only thing that matters is what works, since what works for one person may not work for another, and there are clear examples of this being the case on the past, in which a newbie trader used the strategy of an experimented trader, and despite knowing they had the right strategy they still lost money, so whatever is the path that we take, as long as it works the rest becomes completely irrelevant, still it is also true that using several strategies should be harder, so all things being equal, using a single strategy should be more efficient than using several strategies.

That's what I mean, the most important thing we need to care about is the results, not which method people use the most. Because it may work for them but it may not work for us, and if it doesn't work for us then why do we stubbornly use it? I don't want to argue with people whether to use one strategy or many strategies, what I want to say is do anything as long as it brings the results we expect.

Each person will have a different mindset, knowledge and understanding. We should know our strengths and weaknesses and have methods that suit us, don't try to follow others and lose yourself . When it comes to investing and trading, the goal is to make money and achieve profits, not who is right or wrong .

This is why stealing others strategies will never work, because there are so many things to consider. Not only what may work for them may not work for us, but what may worked for them once upon a time may not work for them now neither, just because it was a good trading strategy back in one period of time, doesn't mean that it will forever be good, it may suck in other times. So, there are so many other stuff that we need to take a look at, and because of that we are going to face with a lot of issues, which isn't always that great.

I believe that we need to be better at what we do in order to be able to say this, but we are going to end up with something that's going to be hard to counter. Just learn how to make a strategy yourself instead of stealing others strategy, that way you will build something that works for you.

You will keep trying whatever you learn, and remove what you dislike or what doesn't work, and eventually what's left will be what you like. Sometimes what we like doesn't make profit, so we change it until we find something, and sometimes what profits is something we dislike. So we keep trying until we find something that we both like and also can be profitable at the same time.

[justdimin]

One trading strategy is enough. It is enough if you are mastering it, I mean trading view for example give you a ton of tool, from drawing, indicator and candlestick pattern and basically people can make combination from it and can lead into more and more indicator.

I Believe pro trader only use a few indicator that he really mastering in it and can lead him into daily profit for live.

I don't think that a successful trader uses only one rule and one technique for trading. I think a successful trader has some tricks which he follows in trading and some methods which he follows. Many people trade without indicators and they trade successfully because apart from indicators they have knowledge they stay updated about the coins and the market so when they trade, they are mostly in profit.

There is no doubt that we cannot do anything without knowledge, if we do anything without learning, we will not be able to profit from it, so those who are successful in business have invested a lot of time in learning it. Whatever technique they use to trade, they have spent a lot of time learning. So, learning is a vital element to have no matter what you are getting into.

[Lanatsa]

As I said, it all depends on each person because each person's ability is different, I don't care too much about which strategy to use, one or more strategies.
If you only use one strategy and it gives you the positive results you expected then continue with it and don't care about the strategy other people use. But if that strategy does not bring you good results, you need to change immediately, you can combine or still only use one strategy, as long as your results change in a positive direction.

If you can combine multiple strategies together and it is yielding good results, but just because you heard others say using just one strategy is enough, you imitate it and the results are not what you expected. Then there is no reason for you to change your strategy. That's what I want to say, be flexible with your abilities, don't listen to or imitate others.

At the end the only thing that matters is what works, since what works for one person may not work for another, and there are clear examples of this being the case on the past, in which a newbie trader used the strategy of an experimented trader, and despite knowing they had the right strategy they still lost money, so whatever is the path that we take, as long as it works the rest becomes completely irrelevant, still it is also true that using several strategies should be harder, so all things being equal, using a single strategy should be more efficient than using several strategies.

That's what I mean, the most important thing we need to care about is the results, not which method people use the most. Because it may work for them but it may not work for us, and if it doesn't work for us then why do we stubbornly use it? I don't want to argue with people whether to use one strategy or many strategies, what I want to say is do anything as long as it brings the results we expect.

Each person will have a different mindset, knowledge and understanding. We should know our strengths and weaknesses and have methods that suit us, don't try to follow others and lose yourself . When it comes to investing and trading, the goal is to make money and achieve profits, not who is right or wrong .

And this is something that you should really be thinking off with on which there's no way that you could really be able to make the same results on which someone do able to attain or able to achieve because there would really be different factors on which it could really be able to affect someones results or outcomes. On the time that you would be dealing up with the market then having that one method of
doing trading on which i could say that it isnt really that enough. Why? There would really be having that different variations on where this market would really be moving and you cant really be able to think
up that there would really be that one trading strategy would work from time to time on which it would really be that common sense. You would really be needing up to be versatile when it comes into this
aspect.

You would really be able to find for yourself on which one would really be that effective and which one isnt. It would really be that impossible that you would really be sticking into a single thing
on which you are really that fully aware that there would really be different conditions on which you could really be able to encounter on with. It is really just that basing up into someones
observation because you would definitely be able to notice it out once you do step your foot into this market.

[Dzwaafu11]

From my observation of some older traders who are consistently profitable in the market, I have observed that they usually are very consistent with their strategy or approach to the market.

Just as starting to trade on one pair first is important for a beginner trader, it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.

One trading strategy is enough to make you successful until it is no longer working.

It is true that using one strategy is enough for a trader who wants to be profitable and last in the market, and different strategies won’t help the trader; they will also confuse him because trading strategies are different things, and for a trader to be successful in the game, he needs to have only one strategy so that he can master the strategy and make money from the market. Although some traders are using more than one strategy, the thing is that those people are at higher risk than those who use only one strategy because they will master it more effectively and in a way that will favour them more. Trading strategy is very important for every trader.