One or more trading strategies, which one do you prefer?

[EarnOnVictor]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

[Oshosondy]

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

Do you mean trading indicators? Becuase it is indicators that can be pointing to one direction.

Using little amount of money, stop loss, take profit, martingale (very risky), the type of trading (like swing, day trading and scalping), the leverage used, how you analyse market with indicators, the type of mode used and everything you are doing to make profit from trading can be regarded as strategy.

Everything a trader did to make profit, or that result to loss is called trading strategy. So it would be good to specific on one part, like the indicators used, the trading type and the likes instead of generalizing on the strategies used.

In trading, most traders naturally developed different strategies as one is not working, the trader move to another to see if it would works. Traders prefer to focus on the one that best worked for them to achieve the profit they want from trading.

[Aanuoluwatofunmi]

I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

Going by the general terms it is not too good to know only one type of trading strategy even if you will only make use of that only one, there's  good advantage in learning more than more to have in combination so that one can compare them together and try out something ew if there's need to change strategy or when you're not having enough result as expected, i also don't rely on using a single pattern, sometimes will call in for trying a new one to get a better results, some may not want to go through the learning process of having alternative strategies because they never know what they might have being missing out.

[Dr.Osh]

in this case, we only use the strategy depending on the conditions and the situation. if we feel that the condition that the strategy we have is still consistently profitable, then there is no problem in using it. however, if one day that strategy doesn't work, then using a combination strategy can be a way out. personally I rarely think about this and trade only based on the situation. i did this for years. adjust the strategy that I have with the circumstances in trading.

[tranthidung]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Trading is difficult and you have to learn, practice and find a best strategy for yourself. The best for you will be a strategy with some indicators that work for you and it can be a strategy you copy from someone else or a strategy you build it up by yourself.

I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

It is not true if you only open your position if all strategies show a same signal. Because each strategy works for a specific trading taste, risk management so you can not requires all strategies give you a same signal.

In market, there are sellers and buyers. A signal that works for sellers will not work for buyers.

What about you, what is your preference, and why?

Whatever trading strategy you use, don't forget about investment which will help you rich.

[GreatArkansas]

(......)
What about you, what is your preference, and why?

I will stick to the strategy that gives me consistent profits, I will just master it and practice always.
Because I know that I will only need to master and be consistent on it and on the long run, I will be profitable.

But this is not easy, because you can't guarantee winnings always here but you will be able to gain lessons here, so take note always, identify your mistakes, and improve it over time.

[tranthidung]

I will stick to the strategy that gives me consistent profits, I will just master it and practice always.
Because I know that I will only need to master and be consistent on it and on the long run, I will be profitable.

Mastering something needs time and cost (loss) so even if you can master one strategy, it is perfect already and you don't have to find other strategies. You can test other strategies but with very small capital which you afford to lose.

The goal is to have profit and it is not matter that you get profit by what strategies.

But this is not easy, because you can't guarantee winnings always here but you will be able to gain lessons here, so take note always, identify your mistakes, and improve it over time.

Investment and get richer first. Use small capital for trading and accept that as a trader you can lose that small capital before you can master a profitable trading strategy.

[Mauser]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

I think this comes down to personal preferences and there arguments for both types of portfolio compositions. In case you have one very well performing trading strategy, then it makes a lot of sense to put all your money on that strategy to maximize your profits. The problem is if something goes wrong than our whole money is at risk. When we put all our money in one basket than the risk is much higher than in a diversified portfolio that runs multiple strategies. On the other side is the upside potential also lower for a portfolio with multiple strategies. The chance that all strategies lead to the highest possible return during the same time period is limited. So I think it depends on how well you can handle risk and how much time you have at hand to develop your strategies. Running multiple strategies requires more time in oversight and analysis compared to one strategy. Personally I would always prefer to have multiple strategies that focus on different indicators compared to have only one strategy.

[Bananington]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

If it is strategy you mean and not indicators, I am more interested in a trading strategy that works for me and is profitable. Trading strategies are not meant to work forever, they are only effective for a duration of time. Knowing more than one strategy and knowing the most effective to use at a time is what a good trader should know. If it is indicators, keeping it as simple and effective as possible should be the target. The more complex your indicators, the more confusing it can be.

[jeraldskie11]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

I've been studying several strategies for some time now in order to find the finest one that truly works for me. When you're doing that, changing techniques quickly, it can be a little confusing, leading you to believe that they're all the same and only 90% to 100% effective. And I wish that if I could go back in time, I would stick to one strategy. As a result, I've decided to utilize only one method that truly works for me, and I prefer price action trading, which I've merely updated by adding some indicators for more confluences in my trade to increase the probability.

[Eternad]

What about you, what is your preference, and why?

Having a combine strategy is considered as single strategy too because you are using multiple simultaneously to come up with a single decision. Combine strategy is the best for me so that you will multiple confirmation on trade to avoid fake signal.

The only risk of doing this is you might be confused for a having a multiple signal. Also you should clarify if indicator is what you really mean for your strategy because that’s your statement are pointing out with its use.

[Learn Bitcoin]

I would say don't be strict with some specific strategies. A single strategy cannot work all the time. You have to do market research. You have to browse the internet and get updated about the market. I guess you know that sometimes the news plays a significant role in the market. Positive news can help the market to grow, and negative news can make it down. So, You should keep your eyes on as many things as possible.

You have to be aware of market manipulation so you don't lose. Make a strategy that works for you. Sometimes it doesn't go as planned. So, even though you use a strategy, be ready to do something from out of the strategy when needed. Do you believe in signals? I don't think any pro traders believe in some trading signals. Most of the doesn't go as planned.

[jrrsparkles]

You can't be very successful for over period of time if you are not adaptive to the market trends for that definitely you need to work on your strategy and pick which will suit for that period of time. And there is no shame or anything if you are changing your strategy because the ultimate goal of trading is making money so that is where you should go for it.

However it is also very important to strong with the fundamentals so you won't derail from your track cause sometimes there will be sudden dumps and bumps so you should not panic at that time and keep the things simple.

[Jody.Drummer]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

I prefer to use only one strategy that I have perfected, rather than having to use and have many strategies. My main reason is because when I have multiple strategies and of all the strategies I use do not confirm the same signal, I will feel very confused to use the same strategy. And when that happened, in my mind flashed "good luck" using the strategy I chose. For me it is a wise choice, because it is like depending on luck.
Whereas when using just one strategy, even if it's wrong then I can find out the location of my mistake and it can be used as a lesson in the future.

[palle11]

I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

This is the best part of using something that will add up to you to give you a confirmation to your trade. Sometimes using another strategy in the trade helps like you have rightly pointed out. Like indicators can at times coverge at a point which is either a support and resistance and for me if I see such, I have more confidence that is a good trade to take but stop loss is activated because anything is possible in trading..

What about you, what is your preference, and why?

Yes, I do experience such. It confirms a trade to be taken. It is nice to use more than one strategy especially indicators.

[Mr.right85]

I don't consider myself a good trader as, I still make some mistakes. I win some but later lose them all. Its way more frequent and at best, I resolve to long breaks from trading but still, the theoretical knowledge from what I've learned stock and the experience I gathered over time.

Trendline has been some of the best ways for me to analyse the market with some indicators such as the RSI to help. I think one won't get much success trading based on a single analytical tool or using a single method to approach the market.
You have to try several strategies to confirm the previous and that would serve some assurance purpose in the position your taking.

[blockman]

Any of those, as long as a strategy that's working for me, I'll choose it even if it's just one or two or more. What's important to me is a working strategy and it doesn't matter how many of them I test as long as everything's working. I am not a good trader and that's why whichever works for me, that's where I'll stay and that's the one that I'll use until it's no longer working for me. We tend to test and do strategies that will make us profit and not all the time do we get to see and test those strategies. There are even traders that haven't found their working strategies and thus, the strategy that they ended up using is just to be a holder and that works for everybody.

[gabbie2010]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

I have a single trading strategy which I twerk if there is any need to do so based on the current market situation, I am not a fan of multiple trading strategies to avoid conflicting signals thus sticked to my strategy which is based on Price Action and candlestick patterns around the support and resistance zones that doesn't stop me from learning from other strategies but never ditched it for another one, of course what works for a trader might not work for another trader thus adoption of a trading strategy is based on individual trader grasping the whole concept behind that trading strategy.

[Inwestour]

Any of those, as long as a strategy that's working for me, I'll choose it even if it's just one or two or more. What's important to me is a working strategy and it doesn't matter how many of them I test as long as everything's working. I am not a good trader and that's why whichever works for me, that's where I'll stay and that's the one that I'll use until it's no longer working for me. We tend to test and do strategies that will make us profit and not all the time do we get to see and test those strategies. There are even traders that haven't found their working strategies and thus, the strategy that they ended up using is just to be a holder and that works for everybody.

Hold is a strategy for an investor, but not for a trader. Even if the trading results are not very good right now, you can continue to improve and a working strategy will be found.

Worst of all, when a trader does something chaotic, without any strategy, it seems to me that such actions will always lead to only one outcome, this is the loss of the entire trading deposit. And if you lose money during the strategy test, then some one should work for you, or you will choose different strategies for yourself and be able to combine them for yourself. This is not an easy job, but if you can do it, then it will bring profit.

[Aanuoluwatofunmi]

The only risk of doing this is you might be confused for a having a multiple signal. Also you should clarify if indicator is what you really mean for your strategy because that’s your statement are pointing out with its use.

Why should one get confused when you're not new to trading, maybe the beginners may actually finds this a little bit more demanding and technical than experienced traders in bitcoin, in this i will suggest a gradual approach whereby the trader can choose to adopt the whole patterns but takes them one after each other and at a time, if you decide to study the market well today, you can decided om which trading pattern you wanted to take for the day or for the week as applicable, but having the overall ideas on these patterns helps alot to have alternative to reduce lost while trading especially when one patterns is not working as expected, you could quickly switch to the other.

[Danydee72]

Right now I am using one single strategy based on moving averages. This strategy works best in sideways markets where prices swing in a certain range. So it's obvious I should change to multiple strategies or adapt my single strategy. I prefer to invent multiple strategies, just because I think my strategy works quite well in sideways markets.

I don't think this will get confusing. But maybe there is a strategy needed to steer multiple strategies.

[Franctoshi]

Depending on one type of strategy can be fustrating at some point because sometimes you need to wait for days or weeks for the completion of a particular trading strategy and in this espect you will have less number of trades to take than when you have two or more different strategies. Some traders use break out strategy, some trade market patterns, while some focus on the candles sticks bullish or bearish engulfing pattern, harmers etc to take their trades. The bottom line is that it doesn't matter how many strategy that you use, what matters here is if your strategy is profitable whether you use 1,2 or more strategies and it's profitable stick to it because you are there to profit not to lose.

[xSkylarx]

It will not confused you? I mean having multiple strategies can make you confused because one of it is you dont know which strategy follow and I dont know how didto filter out those confirmation because that would be like time 2 confirmation on your plans on entry unlike having one is that if that confirmation is not fit in your strategy then you wont get bait. We do have different strategies but for me it makes me more confused this is the same with tons of indicator on the chart, the fewer indicator the lesser the noise in the market

[EarnOnVictor]

Do you mean trading indicators? Becuase it is indicators that can be pointing to one direction.

What I mean is using one or multiple trading strategies, not trading in one direction only. Be it the use of indicators, drawings on the chart, price action, or grid trading, whatsoever style you deem to use. All I need to know is whether you prefer a single strategy to know when to buy or sell, or you prefer to combine strategies to spot your trades.

It is not true if you only open your position if all strategies show a same signal. Because each strategy works for a specific trading taste, risk management so you can not requires all strategies give you a same signal.

Why is it impossible? This is the strategy I use and it took me over 8 years to build and master, and not only that, the emotions of holding my nerves until all of them agree is not an easy task to achieve until I understand the importance. Well, it's been many years since I use this strategy now and I am sure that it's worth using as the time of waiting for the three to agree is worth more because it lessens my losses.

It will not confused you? I mean having multiple strategies can make you confused because one of it is you dont know which strategy follow and I dont know how didto filter out those confirmation because that would be like time 2 confirmation on your plans on entry unlike having one is that if that confirmation is not fit in your strategy then you wont get bait. We do have different strategies but for me it makes me more confused this is the same with tons of indicator on the chart, the fewer indicator the lesser the noise in the market

Certainly not, I mostly use three strategies to spot my trade and they are easy to use as they do their work in a different fashion but still towards the same goal. I can be confused only if my chart is clouded with too many indicators/strategies, up to 5 strategies are still very easy for me to work through, but I've narrowed it down to just 3. What I use mostly are price action, trendline and a custom indicator for trend trading.

As you can see, they are all simple and have their purpose of usage. And the signal is stronger when all of them say the same thing.

[Nrcewker]

I do say, don’t use any strategies more than once. For me no strategy works the second time. Maybe I am more concerned about my balance, but yes, I know the value of my hard earned money and whenever I try to repeat any strategies, it miserably fails. I would rather suggest all the traders to look for indicators and trade in a similar way. Moreover it would be even great if we all become adaptable to the market. Trade the amount the suits the market and is favourable for these conditions.

[swogerino]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

I do not do daily trading in the first place as that is a sure loss,I consider it the same as gambling where you have no power over the future in such a short time.The only "trade" I do is to keep generating cryptocurrencies with my mining rigs and hodl them until the next bull run.History has shown that after the halving,it needs usually 1.5 years to go to a new all time high and so since halving is in April 2024,I am waiting late 2025 for the next bull run and stocking up coins until then.

As for one or different strategies for me they are the same,if you apply them correctly one is enough but if you mess them up even one hundred are not enough then,better staying with long term goals and strategies as they usually do not fail if applied correctly.

[Botnake]

in this case, we only use the strategy depending on the conditions and the situation. if we feel that the condition that the strategy we have is still consistently profitable, then there is no problem in using it. however, if one day that strategy doesn't work, then using a combination strategy can be a way out. personally I rarely think about this and trade only based on the situation. i did this for years. adjust the strategy that I have with the circumstances in trading.

Every market condition requires different strategy to use so that you will trade for profits and not at a loss. However, if we can use a single strategy that works for both of them, then that would be better. The only reason why we should use another trading strategy or update the strategy is when it’s no longer effective and productive anymore. That’s why if we can master more strategies, that will give us more advantage in trading.

[milewilda]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

Doesnt matter on how many, the important thing is on that you would really be that profitable whether you do make use of one strategy or multiple ones. We know that dealing up with this market is really that hard
and not simple due to volatility and unpredictability on which there's no way or tools that could really make you able to precisely hit on where it would be going. This is the main reason on why we do really keep on
making use of multiple strategies on which we do really believe that it might able to work but of course just like i said that this would really be involved lots of trials and errors. We know that there are different scenarios or conditions on which this market has.This is why or it is really just that right that you would really be making out adjustments according into that particular situation. You cant really able to know
but doesnt mean that we cant try. This is why it would really be countless strategies which you would really be making use as long it would really be able to work.

[blockman]

Any of those, as long as a strategy that's working for me, I'll choose it even if it's just one or two or more. What's important to me is a working strategy and it doesn't matter how many of them I test as long as everything's working. I am not a good trader and that's why whichever works for me, that's where I'll stay and that's the one that I'll use until it's no longer working for me. We tend to test and do strategies that will make us profit and not all the time do we get to see and test those strategies. There are even traders that haven't found their working strategies and thus, the strategy that they ended up using is just to be a holder and that works for everybody.

Hold is a strategy for an investor, but not for a trader. Even if the trading results are not very good right now, you can continue to improve and a working strategy will be found.

Worst of all, when a trader does something chaotic, without any strategy, it seems to me that such actions will always lead to only one outcome, this is the loss of the entire trading deposit. And if you lose money during the strategy test, then some one should work for you, or you will choose different strategies for yourself and be able to combine them for yourself.

Yes, and that's why in the latter part I've said that those ineffective traders, just chose to become holders and that's the strategy that they've found working for them. If the worst comes then that's the strategy that a trader should choose because if you still want to get involved in this niche then all you need to do is to adjust. You'll have a lot of hard and bad times but only those that give up will never succeed.

This is not an easy job, but if you can do it, then it will bring profit.

I agree, if you are steadfast and improve you'll be able to make it. But if you think that you can't make it as a trader then there's still the choice to become a holder.

[GeorgeJohn]

I do say, don’t use any strategies more than once. For me no strategy works the second time. Maybe I am more concerned about my balance, but yes, I know the value of my hard earned money and whenever I try to repeat any strategies, it miserably fails. I would rather suggest all the traders to look for indicators and trade in a similar way. Moreover it would be even great if we all become adaptable to the market. Trade the amount the suits the market and is favourable for these conditions.

To know the amount that's suitable for market via trading is not measurable or difficult, so I want us to understand trading and cryptocurrency marketcap is unpredictable, that's while it's advisable to trade with what you can afford to lose, so therefore I believe that trading bitcoin or any other cryptocurrencies you to use your strategies.

[Vaculin]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

I always believe that the more strategies you learn and master, the higher chances you will be consistently profitable in trading. But if the strategy you are currently using is still working and profitable regardless of any situation in the market, then continue to use and update it also if it’s necessary. Your other strategies will only be reserves in case your current strategy is not profitable and effective anymore.

[Finestream]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

It’s always an advantage if you have learned and master more strategies in trading so that if one strategy starts to fail, then you can rely on the other one which you think will work on you. But always know that strategies are not enough, experience will still honed you the best trader in the market. So even if you lose, don’t lose hope as long as you are also learning from them.

[Silberman]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

I prefer a single trading strategy and my reason for it is extremely simple, most traders cannot even follow a single strategy, so it stands to reason that if you made things more complex and they decided to use several strategies then they will make even bigger mistakes and their performance will drop even further, and even if a trader could deal with this I think it would be better for them to master a single strategy first, and only once they have used it for a few years they could think about using more than one strategy.

[Peanutswar]

Are you referring with the trading plan or just the trading indicators?
If you are referring to the trading plan yes it is because you must need to have on trades, for the planning of entry, how much, what coin, how many leverage, also when is your exit point. On this still the market is volatile so ideal to have your back up plan when the market does not goes into your plot.
If its in the indicators actually better to have one if this works fine in your side, using different indicators might give you too much confusion, don't design your chart make it simple.

[Fatunad]

Are you referring with the trading plan or just the trading indicators?
If you are referring to the trading plan yes it is because you must need to have on trades, for the planning of entry, how much, what coin, how many leverage, also when is your exit point. On this still the market is volatile so ideal to have your back up plan when the market does not goes into your plot.
If its in the indicators actually better to have one if this works fine in your side, using different indicators might give you too much confusion, don't design your chart make it simple.

He do talk about strategies which means this would be an overall plan which means that it would really be a different variations or sets of indicators inside of a certain strategy.If we do speak about one or more strategies then it would really be subjective and would really be totally depending on a certain trader on which it would really be that something basing on someones analysis and approach towards the market.
We know that there are ones who are really that they do have trading plans on which it would really be just that normal that they would really be having that kind of adjustments on whatever conditions
or situations that they might be facing on. If you do have a set of strategies then it wont really be that bad and its better rather than on sticking on single strategy which we know that this market does have
lots of variations on which it would really be that normal that you would really be needing to make use of another strategy you until you do find out that it is really something
profitable or does work.

[TelolettOm]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

How do you use a combination of strategies in trading?
I just know this, never heard this before and I never did this way.

IMHO, we can't rely on a single strategy only forever. Another market trend may require another trading strategy to earn profits effectively. I experienced many times that I must change my trading strategy when the market trend changes. For example, I often do day trading in a bullish season, I can get enough money during the season with this strategy. But when the bearish market comes, day trading is no longer effective to use. I switch my strategy with another strategy, so I can still get money although it is decreasing much. And I no longer trade daily because I rarely get good chances to take profits.

In conclusion, we need to adjust our strategy in trading with the current market trends. So, we need varied trading strategies.

[Kasabus]

(......)
What about you, what is your preference, and why?

I will stick to the strategy that gives me consistent profits, I will just master it and practice always.
Because I know that I will only need to master and be consistent on it and on the long run, I will be profitable.

But this is not easy, because you can't guarantee winnings always here but you will be able to gain lessons here, so take note always, identify your mistakes, and improve it over time.

Of course, we will only stick to what is working for us since it will arbitrage our positions in the market. However, mastering several strategies are not that easy that’s why we should only chose those best strategies that we can easily master and eventually apply in our trades. If we can have more than one strategy, that would be better since we can’t assure that a single strategy will certainly work all the time.

[xSkylarx]

It will not confused you? I mean having multiple strategies can make you confused because one of it is you dont know which strategy follow and I dont know how didto filter out those confirmation because that would be like time 2 confirmation on your plans on entry unlike having one is that if that confirmation is not fit in your strategy then you wont get bait. We do have different strategies but for me it makes me more confused this is the same with tons of indicator on the chart, the fewer indicator the lesser the noise in the market

Certainly not, I mostly use three strategies to spot my trade and they are easy to use as they do their work in a different fashion but still towards the same goal. I can be confused only if my chart is clouded with too many indicators/strategies, up to 5 strategies are still very easy for me to work through, but I've narrowed it down to just 3. What I use mostly are price action, trendline and a custom indicator for trend trading.

As you can see, they are all simple and have their purpose of usage. And the signal is stronger when all of them say the same thing.

So it was tied together those strategies. Well do have our own strategies, if that is working well for you that is good as you have more confirmation of the trade to take which is a good trading strategy, where on my I do used also around 3 - 4 indicators which mainly trend line as my strategy is trend following which is working on me but I do follow the same goal. We really do have our own strategy that works well for us , for sure if you teach me your strategy I will get confused

[el kaka22]

I think more is the true answer because we are talking about a lot of different market situations which means that we are not going to see them all do the right thing at the right time. If you have just one strategy that means that it will work maybe in one market but that will not work at every single situation, like a thing that works well at bull doesn't mean it will work at bear neither and just because it works at bear doesn't mean it will work at bull neither.

You should be ready for everything and that's the thing that keeps people at night, they keep with just a single strategy and they make a mistake. I prefer more strategies and just use whichever one fits the market a lot more, that way you are going to end up with a lot better result eventually for sure.

[Latviand]

Combining the right strategy is intensive though, it has to be that what you're combining needs to cover the weakness that each strategy has, it will be worthwhile to do this but if you don't want that maybe just one strategy will work for you. At the end of the day, it's a matter of preference.

[Sebas.tian]

I think, single strategy will help you to be more focus on a favourable direction until you achieve the results from the crypto trading before you can move ahead compared to many strategies that will make you feel you are not in a right direction because you are seeing different signals from the market which are not guarantee if you will make profits. I prefer single strategy, because I started using single strategy to trade my coins but till today it hard me to experience losses from crypto trading because I purchased when the price is low in the market and sell when the price increase higher to my satisfaction.

[GreatArkansas]

I will stick to the strategy that gives me consistent profits, I will just master it and practice always.
Because I know that I will only need to master and be consistent on it and on the long run, I will be profitable.

Mastering something needs time and cost (loss) so even if you can master one strategy, it is perfect already and you don't have to find other strategies. You can test other strategies but with very small capital which you afford to lose.

The goal is to have profit and it is not matter that you get profit by what strategies.

Make sense, this is only the part where you practice or apply the strategies you want. There are some people whose stake or trade position on the new position they practice is the same as what they used to be. So for me, time is also important here and capital also, you are right.
And for me, I am not a fan of changing strategy everytime because it could lead you to complicated, sometimes you forget what you are doing.

[Woodie]

To be a profitable trader you need to stick to what works unless the current strategy isn't working then you are allowed to migrate to something else. Like the saying goes, "if it ain't broke then don't fix it" and this should be the same concept to be applied here.

Btw to be consistent, you can not allow yourself jumping from one strategy to another at any given point as this signals that you don't know what you are doing..find what works and run with it!

I do say, don’t use any strategies more than once. For me no strategy works the second time. Maybe I am more concerned about my balance, but yes, I know the value of my hard earned money and whenever I try to repeat any strategies, it miserably fails.

Never heard of this one, but don't you think that if you did something over and over again you will become good at it but if you are always changing strategies then you miss this opportunity to master a working strategy. 

[gunhell16]

You're not alone in that kind of thing dude, many of us face the same situation that you have actually. And what we experienced in conducting trading here in cryptocurrency is what teaches us so that we can be even sharper here.

Although we know that it is not easy to carry out actual trading here in the crypto space, we are still trying to go deeper here so that we can maintain the possible profits that we can get now in the short term and especially in the long -term too of course.

[danherbias07]

Depends on the behavior of the market.
You cannot just rely on one trading strategy because sometimes the plan can be disrupted by sudden economic or financial events. I don't stick to one, it gets boring and for different pairs, there must be a different behavior into which you will apply a different strategy.
Let's say Bitcoin versus altcoins. I prefer a longer timespan when it comes to Bitcoin but with altcoins, I don't do that. Trust issues. Memecoins especially.
There are moments when I want to do it manually if I have the spare time to be monitoring it myself on how one altcoin market behaves.
Just having one will not be appropriate and for me, this could lead to losing more forcing one strategy into a new plan.

[SirLancelot]

Depends on the behavior of the market.
You cannot just rely on one trading strategy because sometimes the plan can be disrupted by sudden economic or financial events. I don't stick to one, it gets boring and for different pairs, there must be a different behavior into which you will apply a different strategy.
Let's say Bitcoin versus altcoins. I prefer a longer timespan when it comes to Bitcoin but with altcoins, I don't do that. Trust issues. Memecoins especially.
There are moments when I want to do it manually if I have the spare time to be monitoring it myself on how one altcoin market behaves.
Just having one will not be appropriate and for me, this could lead to losing more forcing one strategy into a new plan.

Some people even prefer using different strategies for the same pair of tokens that are being traded only to see which strategy works the best since you might want to try different timeframes for a single token/coin trade. And some strategies might not work the same with different tokens or coins as you said, so one will obviously need to try a different strategy if they are trading a different token or coin.

Though I personally tend to stick to what's consistent I also believe making or bringing changes can be a good thing sometimes, you might not get the results you've expected in the same consistent way and a new and changed way might do wonders.

[irhact]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

What about you, what is your preference, and why?

Everyone must not used the same technique when trading, combining strategy might work for you and it won't work for another trader therefore we must no follow each other but look for a strategy that'll work best for each individual and use it. Mastering one strategy helps alots because it makes you a professional in that strategy that you can use it anytime and be guaranteed success.

There's nothing wrong if you know other strategy but don't complicate things yet, just keep them aside so it can help you if your strategy fails. Study a particular strategy, get used to it and you'll enjoy trading with that strategy. Combining different strategies might be confusing.

[Litzki1990]

In the case of trading, everyone adopts different strategies, but if everyone adopts different strategies in the case of trading, then everyone follows the rules of trading in the same way. In trading we should apply every strategy no matter how easy we think it is. If I trade with a complete understanding of trading or understanding of the market, and no matter how many strategies I use in that training, I will never be successful. In the case of trading, the minimum concept of trading is also very important which every trader needs to have. If a trader wants to adopt another trader's strategy then the chances of success in that strategy are very low.

[wajik-tempe]

It is dangerous to rely entirely on one method. Markets are dynamic and ever-changing, and a strategy that works well in one market scenario may not work as well in another. Traders might possibly profit from diversification and lessen their reliance on any particular technique by mixing various tactics. Furthermore, as you indicated in your experience, combining methods might aid in better filtering trade signals. When different techniques corroborate the same signal, it can boost the trader's confidence and raise the likelihood of success.

[Silberman]

It is dangerous to rely entirely on one method. Markets are dynamic and ever-changing, and a strategy that works well in one market scenario may not work as well in another. Traders might possibly profit from diversification and lessen their reliance on any particular technique by mixing various tactics. Furthermore, as you indicated in your experience, combining methods might aid in better filtering trade signals. When different techniques corroborate the same signal, it can boost the trader's confidence and raise the likelihood of success.

The problem with this is that now you require a trader to have several successful strategies they can use perfectly, a very difficult thing as most traders do not even have a single strategy like that, however even if they had them those which have traded the markets before know that different strategies can give opposite signals, so what would you do if one strategy tells you to buy while the other strategy tells you to sell? This will only confuse traders even further and reduce their effectiveness.

[stomachgrowls]

Depends on the behavior of the market.
You cannot just rely on one trading strategy because sometimes the plan can be disrupted by sudden economic or financial events. I don't stick to one, it gets boring and for different pairs, there must be a different behavior into which you will apply a different strategy.
Let's say Bitcoin versus altcoins. I prefer a longer timespan when it comes to Bitcoin but with altcoins, I don't do that. Trust issues. Memecoins especially.
There are moments when I want to do it manually if I have the spare time to be monitoring it myself on how one altcoin market behaves.
Just having one will not be appropriate and for me, this could lead to losing more forcing one strategy into a new plan.

Some people even prefer using different strategies for the same pair of tokens that are being traded only to see which strategy works the best since you might want to try different timeframes for a single token/coin trade. And some strategies might not work the same with different tokens or coins as you said, so one will obviously need to try a different strategy if they are trading a different token or coin.

Though I personally tend to stick to what's consistent I also believe making or bringing changes can be a good thing sometimes, you might not get the results you've expected in the same consistent way and a new and changed way might do wonders.

Really hard to think that you would really be sticking with just single strategy on which you would really be facing up tons of market situations on which it would really make you think on having or creating another method

or strategy on which this had been my situation on the time that i had traded up with this market. There's so many variations or situations on which you could be able to encounter on which it would really be just that
right on having the approach that you would really be needing to have another strategy on which you could really make use on a certain situation or condition, because if you do stick into a single strategy
and having this market which is movement is totally random then it would really be hard to make out some analysis whether it is really that something relevant or not.

We do have TA+FA kind of thing on which you could really be able to apply both method as long it would really be that beneficial for you. You cant really just stick into one just because you do believe
that it could handle out everything. Thats not how this market works and would something that too easy to handle out.

[Distinctin]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

What about you, what is your preference, and why?

Everyone must not used the same technique when trading, combining strategy might work for you and it won't work for another trader therefore we must no follow each other but look for a strategy that'll work best for each individual and use it. Mastering one strategy helps alots because it makes you a professional in that strategy that you can use it anytime and be guaranteed success.

There's nothing wrong if you know other strategy but don't complicate things yet, just keep them aside so it can help you if your strategy fails. Study a particular strategy, get used to it and you'll enjoy trading with that strategy. Combining different strategies might be confusing.

You don’t have to combine if it’s confusing for you, but build new strategy and master it once your old strategy is not working anymore. That is the advantage if you have two or more mastered strategies in trading so that if one becomes obsolete, the other strategies might still be functional and become profitable. However, if your old strategy certainly works regardless of its market situation, then just stick to it.

[Viscore]

(......)
What about you, what is your preference, and why?

I will stick to the strategy that gives me consistent profits, I will just master it and practice always.
Because I know that I will only need to master and be consistent on it and on the long run, I will be profitable.

But this is not easy, because you can't guarantee winnings always here but you will be able to gain lessons here, so take note always, identify your mistakes, and improve it over time.

Having a lot of strategies is an advantage but always stick to those who are making you profitable most of the time. That is only the important here, to master your strategy which you think you are benefiting of, and disregard those who are no longer working and helping you to be profitable. But know that the market alone is not easy to dwell with, that’s why you have to work on your strategy as well so that the market condition will also favor your trades.

[TelolettOm]

Combining the right strategy is intensive though, it has to be that what you're combining needs to cover the weakness that each strategy has, it will be worthwhile to do this but if you don't want that maybe just one strategy will work for you. At the end of the day, it's a matter of preference.

TBH, I'm really curious about the way you combine the strategies. Is it really possible to combine trading strategies?
According to my experience, each trading strategy has its own target/goal. So, the way to trade between one strategy and another strategy will be a bit different. I'm not sure if it is really possible to combine them.  

If you mean adjusting the right strategy, I can agree with this. Sure, it is not enough to use a single strategy with the trend in crypto market that is easy to change. Using varied strategies is the right way if we want to optimize the chance of profits.

[Hypnosis00]

In the case of trading, everyone adopts different strategies, but if everyone adopts different strategies in the case of trading, then everyone follows the rules of trading in the same way. In trading we should apply every strategy no matter how easy we think it is. If I trade with a complete understanding of trading or understanding of the market, and no matter how many strategies I use in that training, I will never be successful. In the case of trading, the minimum concept of trading is also very important which every trader needs to have. If a trader wants to adopt another trader's strategy then the chances of success in that strategy are very low.

I stop using copy trading because it was not effective on me which is why people, though there will be using common strategies, the results are different as it varies in decision making. Trading just not only requires knowledge and skill but also how good you are in decision-making. Because many people had lost their confidence and were doubtful about their actions as they are sure how to respond to the market changes. That is why having our own way for trading gives us a way to improve confidence and leads to success.

[irhact]

There's nothing wrong if you know other strategy but don't complicate things yet, just keep them aside so it can help you if your strategy fails. Study a particular strategy, get used to it and you'll enjoy trading with that strategy. Combining different strategies might be confusing.

You don’t have to combine if it’s confusing for you, but build new strategy and master it once your old strategy is not working anymore. That is the advantage if you have two or more mastered strategies in trading so that if one becomes obsolete, the other strategies might still be functional and become profitable. However, if your old strategy certainly works regardless of its market situation, then just stick to it.

We don't have to wait for the current strategy to stop working before we start building a new one, that would take a long time and during that period you won't be making money. The strategy mightn't be yours from the scratch, you can use others strategy but have them as an alternative so immediately your first strategy stop giving you profit, you can switch to the new strategy and continuously profit from the market.

When I said don't complicate things I meant those that combined multiple trading strategies, that'll not work and it would confused you in the future. Always use one strategy and when you do that, you understand the strategy better and have a higher percentage of wins.

[michellee]

More strategies will help you adjust to the conditions that occur in the market. You can determine which strategy is working on the market at the moment and if conditions change, you can immediately change the strategy to another strategy.

This is about analyzing the market well to make a strategy that suits market conditions. If you can't do that yet, you'll need to learn more to develop a strategy that works for you.

And if you've been trading for years, at least you've figured out what works for you so you can adjust to the market. Maybe you can modify one strategy as a fallback in case the market direction changes so you can just follow it.

[Dimitri94]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Trading strategies are constantly changing so the probability of success in trading by applying a specific strategy is very low. Since this is an uncertain platform, nothing can be expected to be the same. However, the trading strategy can be changed or kept unchanged depending on the market conditions. If a trader is profiting by applying his strategy then he will undoubtedly try to apply that strategy according to the market situation. I think a strategy can be modified for different market conditions.

[ancafe]

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

I will do a combination of every strategy that I run in trading and will see the accuracy of current market conditions so that if one way doesn't work then we have another chance to make a profit. Although under certain conditions some of the ways that we do are also frequent and will end in losses due to an incorrect level of prediction accuracy. But for day traders, the strategies they use are usually adjusted to market conditions, because basically everyone involved in trading is to make a profit.

But all this time I didn't know exactly what the combined strategy meant by many people, because when trading the strategies used are in accordance with the accuracy of the market and the intended combination, is it related to uptrends and downtrends? because what I understand is that scalping trades usually don't take long to last and swings actually have a much longer duration.

[Fivestar4everMVP]

For me, it's just all about going for what ever works,  the end goal is making profit, and as long as that profit comes at the end of the whole process, how or what strategies put in the process doesnt really matter..
I am a casual trader, I am much more serious with investing than trading, and when I trade, I could implore or make use of a single strategy or multiple strategies, it all depends on the condition if the market at the time, we all know that the crypto market is very dynamic, there are times the market can be so good that a trader doesn't even have to make use of any strategy to make good profit at the end of the day, but there are time as well when strategy must be implored, single or multiple, to ensure profit is made at the end of the day, so whether single or multiple strategies, largely depends on the market conditions.

[Sanitough]

It is dangerous to rely entirely on one method. Markets are dynamic and ever-changing, and a strategy that works well in one market scenario may not work as well in another. Traders might possibly profit from diversification and lessen their reliance on any particular technique by mixing various tactics. Furthermore, as you indicated in your experience, combining methods might aid in better filtering trade signals. When different techniques corroborate the same signal, it can boost the trader's confidence and raise the likelihood of success.

To be a successful trader, one must be flexible and knowledgeable enough on what strategy that will perfectly suit the market condition. At times, it may be bullish while at some point it's bearish so you have to be considerate and always settle with a strategy that works overtime. And if you can add and master more trading strategies, then that will give you an edge as a trader. Having a single strategy is good if it's consistently working, but it's considered a loss if you keep relying on it even on times that it's no longer effective anymore.

[justdimin]

It is dangerous to rely entirely on one method. Markets are dynamic and ever-changing, and a strategy that works well in one market scenario may not work as well in another. Traders might possibly profit from diversification and lessen their reliance on any particular technique by mixing various tactics. Furthermore, as you indicated in your experience, combining methods might aid in better filtering trade signals. When different techniques corroborate the same signal, it can boost the trader's confidence and raise the likelihood of success.

This is why you should have a lot of stuff and not just one, because if you have only one then you are not going to end up with anything proper. People end up with something that they make a profit once and they think they should keep doing that for a long time but that doesn't mean that they will, it is not going to work that way.

I feel like it would be smarter if you ended up with anything at all then you shouldn't really be worried about it, just focus on what you can do with what you have and you should be fine about it. If people see a profit, they insist on the same thing over and over again, I believe that's the trouble and that should not be the case at all, people should avoid that, just because you made a profit once, doesn't mean it will go on forever.

[Woodie]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

To archive consistency and easily master a strategy, one trading style will always be better, but of late I have seen people trade different strategies depending on what asset and time of the day and am convinced that at the end of the day its all about what works for you.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

More confluences means higher winning chances, great of getting ahead of the markets.

What about you, what is your preference, and why?

One trading style works for me but I want to start adding more confluences to increase my winning chance despite knowing that I won't win everytime.

[EarnOnVictor]

Are you referring with the trading plan or just the trading indicators?

It's clearly stated, it's not directly a trading plan but your trading strategy. And this strategy could be through the use of indicator or other means whatsoever that gives you a clue on the path the market will follow for a period of time.

TBH, I'm really curious about the way you combine the strategies. Is it really possible to combine trading strategies?
According to my experience, each trading strategy has its own target/goal. So, the way to trade between one strategy and another strategy will be a bit different. I'm not sure if it is really possible to combine them.  

How do you use a combination of strategies in trading?
I just know this, never heard this before and I never did this way.

It's simple, strategies are for different purposes, so you might blend them together to form a complete pathfinder for you that would be stronger than if you use just one. You might use two trend indicators, one overbought/oversold indicator and one breakout strategy to form your trading strategy. And everything must agree on a safe direction before taking the risk on that direction.

It is dangerous to rely entirely on one method. Markets are dynamic and ever-changing, and a strategy that works well in one market scenario may not work as well in another. Traders might possibly profit from diversification and lessen their reliance on any particular technique by mixing various tactics. Furthermore, as you indicated in your experience, combining methods might aid in better filtering trade signals. When different techniques corroborate the same signal, it can boost the trader's confidence and raise the likelihood of success.

The problem with this is that now you require a trader to have several successful strategies they can use perfectly, a very difficult thing as most traders do not even have a single strategy like that, however even if they had them those which have traded the markets before know that different strategies can give opposite signals, so what would you do if one strategy tells you to buy while the other strategy tells you to sell? This will only confuse traders even further and reduce their effectiveness.

To me, this is about your choice, traders use one or more strategies without issues. Just ensure that the one you are using is very effective in its function. All you need to do in addition is to manage them right and everything would be fine. Also about the confusion, strategies vary, some could lead and some could lag, but with your training, you know the perform ones for the job and you should never open a trade unless all the strategies agree on one decision. By this, it would have filtered off noises and you would be just fine.

[Bitcoin_people]

~~snip~~

What about you, what is your preference, and why?

I will adopt all the strategies that will give me profit in future. I have to follow up on the fact that it is best to hold on to the long term rather than the short term of trading. and long-term investment should never suffer losses, rather it will have high hopes of profit. But the expectation of profit is not so easy, of course it is necessary to know good skills and special strategies about trading. I am sure that one can never be successful without acquiring good knowledge about trading. If you want to be successful, you must correct the various mistakes of trading and then make the right decision to invest.

[uswa56]

~~snip~~

What about you, what is your preference, and why?

I will adopt all the strategies that will give me profit in future. I have to follow up on the fact that it is best to hold on to the long term rather than the short term of trading. and long-term investment should never suffer losses, rather it will have high hopes of profit. But the expectation of profit is not so easy, of course it is necessary to know good skills and special strategies about trading. I am sure that one can never be successful without acquiring good knowledge about trading. If you want to be successful, you must correct the various mistakes of trading and then make the right decision to invest.

everything needs knowledge in advance, I agree that it is better to invest in the long term because it is possible to get profits but back to the investment options we choose, the risk is still there.
In trading, you shouldn't stick to one of my strategies because market situations that are difficult to predict make it possible for us to be ready to face everything.
we do have different strategies in the trades that we do, I'm sure all of us have a strategy that we like because we have been profitable in the past but regardless of that many of us have failed at first and learned from those mistakes.

[imamusma]

everything needs knowledge in advance, I agree that it is better to invest in the long term because it is possible to get profits but back to the investment options we choose, the risk is still there.

Trading and investing are both risky, but long-term investing allows you to be more relaxed in any market condition.But certainly, both are capable of generating returns.

In trading, you shouldn't stick to one of my strategies because market situations that are difficult to predict make it possible for us to be ready to face everything.
we do have different strategies in the trades that we do, I'm sure all of us have a strategy that we like because we have been profitable in the past but regardless of that many of us have failed at first and learned from those mistakes.

Adjusting trading strategies to market conditions, of course, is not a bad idea. You should adapt your trading strategy as much as possible because it will only increase your chances of making a profit. The trading plan doesn't always have to be the same, I mean if you previously took 5% profit from the previous trade, then maybe one day you have to be satisfied with 2% profit.

[ancafe]

Trading and investing are both risky, but long-term investing allows you to be more relaxed in any market condition.But certainly, both are capable of generating returns.

When people cannot carry out analysis and do not know how to trade, then it is better to choose long-term investing is much better than taking trading risks in the absence of knowledge. Trading is more of a sharp analysis where we must be able to read price movements in short conditions, therefore not everyone can trade without knowledge and experience.

Adjusting trading strategies to market conditions, of course, is not a bad idea. You should adapt your trading strategy as much as possible because it will only increase your chances of making a profit. The trading plan doesn't always have to be the same, I mean if you previously took 5% profit from the previous trade, then maybe one day you have to be satisfied with 2% profit.

That's where trading is considered tricky and some people who don't know how to do it will have a hard time reading price movements. For example, like the example you gave, when the 5% profit they get is not necessarily a further profit they will get 2%, because it could be that in the future they will experience a loss. That's why most people say that day trading is much more difficult and not everyone is cut out for it.

[dunfida]

~~snip~~

What about you, what is your preference, and why?

I will adopt all the strategies that will give me profit in future. I have to follow up on the fact that it is best to hold on to the long term rather than the short term of trading. and long-term investment should never suffer losses, rather it will have high hopes of profit. But the expectation of profit is not so easy, of course it is necessary to know good skills and special strategies about trading. I am sure that one can never be successful without acquiring good knowledge about trading. If you want to be successful, you must correct the various mistakes of trading and then make the right decision to invest.

everything needs knowledge in advance, I agree that it is better to invest in the long term because it is possible to get profits but back to the investment options we choose, the risk is still there.
In trading, you shouldn't stick to one of my strategies because market situations that are difficult to predict make it possible for us to be ready to face everything.
we do have different strategies in the trades that we do, I'm sure all of us have a strategy that we like because we have been profitable in the past but regardless of that many of us have failed at first and learned from those mistakes.

Not all would really be having the the patience on holding for long term and this is why they would really be opting for trading up on actively which is something that a normal approach but of course it would really be that risky compared to holding but well we do really have that different risks appetite on which you cant blame out someone on doing up something like this.In speaking about strategies then we do really have that different strategies but it wouldnt really be an issue whether you are just using single or multiple methods but in overall thinking that it would really be requiring lots considering that this market is really that speculative
which it would be that normal that certain situations or conditions would be having that appropriate way on dealing with it.

It is really that preferable on having lots or tons on various situations but we know that there are lots of things to be remembered on this case.Oh well, this is the reason on why trading is never
been that simple because of lots of variations and methods on which you could make use of different market conditions.

[Natalim]

...

What about you, what is your preference, and why?

Well, having more strategies serves as an option that we use in a particular market situation because honestly, not all strategies work in all situations, it varies as well. Pertaining to such scenarios, at least we have another option that we think it was more applicable. Having 2-3 strategies are enough for me and besides, it was not just the strategies, it also needs trading tools. After all, it all depends on how comfortable we are, and as a trader, we know what seems to be a more effective and profitable strategy, we can stick to it if possible.

[sana54210]

everything needs knowledge in advance, I agree that it is better to invest in the long term because it is possible to get profits but back to the investment options we choose, the risk is still there.
In trading, you shouldn't stick to one of my strategies because market situations that are difficult to predict make it possible for us to be ready to face everything.
we do have different strategies in the trades that we do, I'm sure all of us have a strategy that we like because we have been profitable in the past but regardless of that many of us have failed at first and learned from those mistakes.

I think risking when you are holding long term is not really all that much, it's not zero I agree with that but compared to trading, the long term holding has very little risk. Depends on the understanding of "long term" of course, some people hold it long term and have absolutely no trouble, some people hold it "long term" as in 3-5 months and that's not long term at all.

If you are capable of holding for 10 years, that would be some serious long term and I think the valuation would be very different and it would be quite understandable to make a profit. Many people think that it's not going to be that easy, and I believe that we can't really have anything that would be different in the end, just realize it's not going to be easy to hold, but if you do, then you will make a great profit.

[Silberman]

The problem with this is that now you require a trader to have several successful strategies they can use perfectly, a very difficult thing as most traders do not even have a single strategy like that, however even if they had them those which have traded the markets before know that different strategies can give opposite signals, so what would you do if one strategy tells you to buy while the other strategy tells you to sell? This will only confuse traders even further and reduce their effectiveness.

To me, this is about your choice, traders use one or more strategies without issues. Just ensure that the one you are using is very effective in its function. All you need to do in addition is to manage them right and everything would be fine. Also about the confusion, strategies vary, some could lead and some could lag, but with your training, you know the perform ones for the job and you should never open a trade unless all the strategies agree on one decision. By this, it would have filtered off noises and you would be just fine.

I have no doubts that excellent traders will be able to do this, in fact I am sure they are doing so already, however just because the top traders can execute several different strategies at the same time this does not mean the rest of the traders can, in my opinion a trader should concentrate on creating a strategy they know it works and that they can use correctly no matter the circumstances, and once they have done so for years and obtained good profits they could think about using several strategies at the same time.

[tjtonmoy]

I like to stick to one strategy as long as it's working for me. The market is changing and evolving every day. So in order to compete with that, we do need multiple strategies. Even if you like it or not. And after sometimes, all the available strategies could become useless. That is why it is always the best idea to come up with our own strategy. We can adjust here and there in order to fine tune it based on market condition. It has worked for me before, and I am still doing it. Helps a lot and also pushes your skills to generate more knowledge. Following existing patterns and trading strategy already available on the internet is not recommended because many are already using it and others have already created better versions of that. So yes, I choose multiple trading strategies. It gives me freedom and more control over my decision making.

[taufik123]

I think risking when you are holding long term is not really all that much, it's not zero I agree with that but compared to trading, the long term holding has very little risk. Depends on the understanding of "long term" of course, some people hold it long term and have absolutely no trouble, some people hold it "long term" as in 3-5 months and that's not long term at all.
-snip-

Long-term holding is a pretty good strategy when you hold the right coins.
Like you hold Bitcoin and also some of the top altcoins like Ethereum.
That can provide returns when the bull market starts to return.

But when the market continues to crash, then use the DCA strategy and of course, it is recommended to make your assets grow.
But financial management really needs to be well organized, so that you can make the right strategy changes.

In my opinion, if strategy A changes, you must have strategy B which is a backup strategy.
It will not be able to survive with only one strategy.

[milewilda]

I think risking when you are holding long term is not really all that much, it's not zero I agree with that but compared to trading, the long term holding has very little risk. Depends on the understanding of "long term" of course, some people hold it long term and have absolutely no trouble, some people hold it "long term" as in 3-5 months and that's not long term at all.
-snip-

Long-term holding is a pretty good strategy when you hold the right coins.
Like you hold Bitcoin and also some of the top altcoins like Ethereum.
That can provide returns when the bull market starts to return.

But when the market continues to crash, then use the DCA strategy and of course, it is recommended to make your assets grow.
But financial management really needs to be well organized, so that you can make the right strategy changes.

In my opinion, if strategy A changes, you must have strategy B which is a backup strategy.
It will not be able to survive with only one strategy.

Holding and accumulating is ideal if you arent really that making some full time trading or active dealing with the market and its true that it would be worth if you do able to hold up those right coins.
How to determine right coins? Holding the current top ranking ones would be the best shot. In speaking about strategies then its better that we do really have lots of variations when it comes to this because
we know that market cant really just be moving on a single path on which we could make use of a single strategy. Although it doesnt really give out any guarantees that we could really be able
make that right decision on using up different strategies but we know that it is really that much more better rather than on sticking into one.
It doesnt matter though on how many as long you do really want to make use of those ways and methods then it would really be on your own choice on how you would really be
gonna handling up yourself into this unpredictable market.

[Mr.right85]

It seems to me that a trader should definitely be able to work with several strategies. At least that seems to me to be the better option. The market is quite dynamic and regularly requires adaptation and different strategies.

Trying has turn out to be very demanding and traders who happens to be stiff or are not dynamic will always been crushed under the pressure of the market. You've got to be flexible enough and have got several means to suit a market condition as well as, having indicators that confirms each other as a means of confirming your choice of action.

I would prefer you having your kill strategy but also, a back up strategy as well when the market don't seem to be in favour of your first trading pattern. Don't sink on a particular skill, try others.

[wajik-tempe]

It seems to me that a trader should definitely be able to work with several strategies. At least that seems to me to be the better option. The market is quite dynamic and regularly requires adaptation and different strategies.

Trying has turn out to be very demanding and traders who happens to be stiff or are not dynamic will always been crushed under the pressure of the market. You've got to be flexible enough and have got several means to suit a market condition as well as, having indicators that confirms each other as a means of confirming your choice of action.

I would prefer you having your kill strategy but also, a back up strategy as well when the market don't seem to be in favour of your first trading pattern. Don't sink on a particular skill, try others.

Having a primary trading strategy and a backup plan in place helps to limit risks and capitalize on opportunities when market circumstances change. A trader who is skilled in both technical and fundamental analysis, for example, may take use of the advantages of each technique. It is critical not to become excessively focused on a particular trade ability. Markets are dynamic, and depending on a single technique might limit your capacity to change and capitalize on possibilities.

[AnonBitCoiner]

Achievement in crypto industry requires acceptance of certain Strategies but it does not means to utilize only one strategy all the time but you have to alter the strategy according to the market.

Trading strategies which have been used for the past are still working and there is no change occurred in these strategies but the time of using it matters a lot. It is a fact that person choose only that strategy which he consider as a super one and it is natural that once you face failure by using strategy then you will avoid that strategy in future so using of Specific strategy will increase once your success rate increases.

[teosanru]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

There isn't many. There is always 2-3 at Max. Mostly because of different market situation. You have different strategy for a trending market, a different strategy for a consolidating market and a very different strategy for a sideways market. You first recognise wait for the trigger then recognise whether this trigger is useful for this type of market or not and then you eventually go into that particular trade.

[Russlenat]

...

What about you, what is your preference, and why?

Well, having more strategies serves as an option that we use in a particular market situation because honestly, not all strategies work in all situations, it varies as well. Pertaining to such scenarios, at least we have another option that we think it was more applicable. Having 2-3 strategies are enough for me and besides, it was not just the strategies, it also needs trading tools. After all, it all depends on how comfortable we are, and as a trader, we know what seems to be a more effective and profitable strategy, we can stick to it if possible.

I believe it’s an advantage if we can master more strategies that will suit whatever the market condition is. And yes, 2-3 are just good enough knowing once your single strategy is not effective anymore, at least you have other strategies that will still be working on that particular season of the market. Also, your attitude towards trading will also count. If you good strategies plus a positive outlook on trading, then that will make you a winner in most of your trades.

[Silberman]

It seems to me that a trader should definitely be able to work with several strategies. At least that seems to me to be the better option. The market is quite dynamic and regularly requires adaptation and different strategies.

You are not wrong, however the reason I am not as favorable towards this than other members of the forum is that this is too difficult, the majority of the traders lose all their money in a relatively short amount of time, this is a known fact, so hoping that those traders use several strategies at the same time is asking too much from them, let them to try to master a single strategy and only once they have been able to do this then they might consider the possibility of using more than one strategy.

[Hamphser]

...

What about you, what is your preference, and why?

Well, having more strategies serves as an option that we use in a particular market situation because honestly, not all strategies work in all situations, it varies as well. Pertaining to such scenarios, at least we have another option that we think it was more applicable. Having 2-3 strategies are enough for me and besides, it was not just the strategies, it also needs trading tools. After all, it all depends on how comfortable we are, and as a trader, we know what seems to be a more effective and profitable strategy, we can stick to it if possible.

I believe it’s an advantage if we can master more strategies that will suit whatever the market condition is. And yes, 2-3 are just good enough knowing once your single strategy is not effective anymore, at least you have other strategies that will still be working on that particular season of the market. Also, your attitude towards trading will also count. If you good strategies plus a positive outlook on trading, then that will make you a winner in most of your trades.

The more the better because we know that on the time that the market do make out some different behavior then this is when we do make out some adjustments which is something that we do really to do rather

than on sticking with one method or strategy which its just been said that this market does have lots of variations on which it would really be just that normal that you would be creating different variations of your
strategy too and you cant really stick into one. It is true that the more the better on which this would really be a better approach on dealing with this unpredictable space.

You would really be finding out for yourself about its relevance when it comes to strategies that had been molded up. You would adjust accordingly into that situation.

[AicecreaME]

It's a trial and error process, to be honest.

You have to find certain indicators that will fit your trading style, and that will cost you x amount of funds in order to apply the indicators you want to find the right ones for you. Now, for me, using only one won't work, I'm using at least 3 indicators, you have to make sure your price chart is readable for you to be able to see in which price or point you're going to enter your trade.

[EarnOnVictor]

I will adopt all the strategies that will give me profit in future. I have to follow up on the fact that it is best to hold on to the long term rather than the short term of trading.

Of course, following what gives you profit is the right shot, after all, we are not trading to lose our money, and thankfully, both options could do that perfectly well, it's all about what you know about them and trading. Also, I respect your opinion of long-term trading being your preference, still, it's all about the trader in question, both are fine. Some will never go for long-term trading as they see it as a waste of time. Yet, they get to make their money with their short-term preference.

It's a trial and error process, to be honest.

You have to find certain indicators that will fit your trading style, and that will cost you x amount of funds in order to apply the indicators you want to find the right ones for you. Now, for me, using only one won't work, I'm using at least 3 indicators, you have to make sure your price chart is readable for you to be able to see in which price or point you're going to enter your trade.

Trading in its entirety is not what anyone could just dabble into, it's tricky and risky, and the more you think you know, the more you would realize you still need to learn and control. This calls for patience in training about it, and it might start from using one strategy in its simplest form, and with time, others could be added to be sure if it suits the trading style and plan of the person or not.

There isn't many. There is always 2-3 at Max. Mostly because of different market situation. You have different strategy for a trending market, a different strategy for a consolidating market and a very different strategy for a sideways market. You first recognise wait for the trigger then recognise whether this trigger is useful for this type of market or not and then you eventually go into that particular trade.

I guess you are not getting the gist at all, there is no maximum for the strategies you can combine, only that you might want to limit them reasonably to avoid confusion. Those that you mentioned are just what the market could do, they are not strategies. And to buttress this, a trader could have three strategies combined together for only trend detection. What about that? Not to talk about considering other conditions of the market to find more strategies to detect them.

[teosanru]

There isn't many. There is always 2-3 at Max. Mostly because of different market situation. You have different strategy for a trending market, a different strategy for a consolidating market and a very different strategy for a sideways market. You first recognise wait for the trigger then recognise whether this trigger is useful for this type of market or not and then you eventually go into that particular trade.

I guess you are not getting the gist at all, there is no maximum for the strategies you can combine, only that you might want to limit them reasonably to avoid confusion. Those that you mentioned are just what the market could do, they are not strategies. And to buttress this, a trader could have three strategies combined together for only trend detection. What about that? Not to talk about considering other conditions of the market to find more strategies to detect them.

Trend detection is generally never part of the strategy, it's the premise or the prerequisite we look for before applying the strategy, so i am looking at it in a different way. For me I have let's say 3 different strategies, each of which has a signal attached with it. I'll find for a signal as per my strategies and then go towards trend detection and confirm whether the signal of that particular strategy is correct or not and whether the relevant strategy will be valid in this market or not.

[Lanatsa]

There isn't many. There is always 2-3 at Max. Mostly because of different market situation. You have different strategy for a trending market, a different strategy for a consolidating market and a very different strategy for a sideways market. You first recognise wait for the trigger then recognise whether this trigger is useful for this type of market or not and then you eventually go into that particular trade.

I guess you are not getting the gist at all, there is no maximum for the strategies you can combine, only that you might want to limit them reasonably to avoid confusion. Those that you mentioned are just what the market could do, they are not strategies. And to buttress this, a trader could have three strategies combined together for only trend detection. What about that? Not to talk about considering other conditions of the market to find more strategies to detect them.

Trend detection is generally never part of the strategy, it's the premise or the prerequisite we look for before applying the strategy, so i am looking at it in a different way. For me I have let's say 3 different strategies, each of which has a signal attached with it. I'll find for a signal as per my strategies and then go towards trend detection and confirm whether the signal of that particular strategy is correct or not and whether the relevant strategy will be valid in this market or not.

Anything that would really be showing that you are really that thinking on something is really that part of strategy on which it would really be considered to be done. You wouldnt really be making an analysis if

you arent really that formulating on something on which it would really be that understandable on what you should really gonna do. As a trader then you would really be needing to make out some adjustments

because if you dont and stick on a single strategy then you would really be definitely be not making yourself get improved. You wouldnt really be going nowhere because on the time that you would really
be dealing up with this unpredictable market then its impossible that you wouldnt really be having considerations on finding for another method or strategies on dealing with it up.
It would really be that common sense that you would be making adjustments basing up on what you are currently dealing with specially that we are really that trying to make money\
then it would really be normal on having this kind of approach.

[Rengga Jati]

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

Trading strategies or trading signals?
If those are trading signals, I also do that because I have also actually followed VIP trading signals. But not necessarily use it to take position. However, using it as a guide and incorporating it into my own strategy. And this seems to be one of the considerations for my final strategy.

however, if it is a trading strategy related to indicator analysis and also how do we take positions, set SL, hedging, or other things, I only use one to be more focused.. Using what I usually use and is suitable for my trading activity. Because I don't really focus on trading, it's not a kind of daily trade, so it doesn't require so much strategy.

[goaldigger]

It's a trial and error process, to be honest.

You have to find certain indicators that will fit your trading style, and that will cost you x amount of funds in order to apply the indicators you want to find the right ones for you. Now, for me, using only one won't work, I'm using at least 3 indicators, you have to make sure your price chart is readable for you to be able to see in which price or point you're going to enter your trade.

If the indicator is not working, you have to use the other one and yes this is a trial and error until you make a good one. Knowing many indicators as much as possible is advisable since not all can work effectively and you have to find a good alternative. I’ve been trading with a different strategies depends on how the market trend behave, usually 2 to 3 indicators are already fine and you can already see the blue print of the trend, and from there you can start doing your own trading strategy.

[borovichok]

Trading strategies or trading signals?
If those are trading signals, I also do that because I have also actually followed VIP trading signals. But not necessarily use it to take position. However, using it as a guide and incorporating it into my own strategy. And this seems to be one of the considerations for my final strategy.

however, if it is a trading strategy related to indicator analysis and also how do we take positions, set SL, hedging, or other things, I only use one to be more focused.. Using what I usually use and is suitable for my trading activity. Because I don't really focus on trading, it's not a kind of daily trade, so it doesn't require so much strategy.

Trading signals are intended for traders who are not prepared to go through the lengthy phases and are under pressure to comprehend the technical and fundamental analysis of the market owing to their prospective enterprises. I paid for premium signal groups on Telegram, and they drop good tradeable signals, perhaps not 100% of the time, but our losses are mitigated to the greatest extent possible. However, I still have my personal trading method, which I used in some of my more confident trade entries. Specifically, the incorporation of the Support and Resistant zones helps my mapping to be more precise and stress-free. I don't trade too much with my strategy; if I get three good entries in a week, I'm satisfied, more better than grabbing heavy losses all because I just want to triggered trading positions.

[Sexylizzy2813]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

For sure there will be controversy on which is the best to use and not to. Is not a bad idea to go for 1 or countless strategy in trading, the only thing is what's best for you and what works for you in the line of trading. If going for a particular strategy and is good for your trading no problem as long as you gain at the end, but to me I'd say use 2 strategies, it will help to monitor the trading signal.

[Bushdark]

It seems to me that a trader should definitely be able to work with several strategies. At least that seems to me to be the better option. The market is quite dynamic and regularly requires adaptation and different strategies.

You are not wrong, however the reason I am not as favorable towards this than other members of the forum is that this is too difficult, the majority of the traders lose all their money in a relatively short amount of time, this is a known fact, so hoping that those traders use several strategies at the same time is asking too much from them, let them to try to master a single strategy and only once they have been able to do this then they might consider the possibility of using more than one strategy.

There are so many strategies in the market and we don't need to look for theost accurate one to use and make money in the market.
It is all based on how are using the strategy and the kind of market we are using it for. Since using so many strategies can nit guarantee us profit, it is better for us to stick to the strategy that works for us and no need to be jumping from one strategy to another.

It is better for us to have a single winning strategy that is giving us crazy profits from the market than to have portfolios of strategies without earning the kind of profits that we want from the market. We should keep maintaining and adjusting our strategy so we can earn well in the market.

[lienfaye]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

When I was starting and just a newbie as a trader, i'm copying the strategy of other traders because that's how they managed to profit. I thought if I apply it to my own trades the result would be the same. However, it's not always like that especially if you have no knowledge of what you're doing.

So I tried to use different strategy that might work. At first I keep on switching to maximize my profit but since i'm not quite active now I decided to just use a single strategy. For me, it's not necessary to have more than one strategy, just choose what's working that gives you consistent profit.

[Jwest]

A single strategy might not give you the full information on the market price movement. But combining strategies together helps a lot.
 Combining strategies and still having same results. It's a clear confirmation for trade entry. Which one strategy may lead to fake outs sometimes.

[Silberman]

You are not wrong, however the reason I am not as favorable towards this than other members of the forum is that this is too difficult, the majority of the traders lose all their money in a relatively short amount of time, this is a known fact, so hoping that those traders use several strategies at the same time is asking too much from them, let them to try to master a single strategy and only once they have been able to do this then they might consider the possibility of using more than one strategy.

There are so many strategies in the market and we don't need to look for theost accurate one to use and make money in the market.
It is all based on how are using the strategy and the kind of market we are using it for. Since using so many strategies can nit guarantee us profit, it is better for us to stick to the strategy that works for us and no need to be jumping from one strategy to another.

It is better for us to have a single winning strategy that is giving us crazy profits from the market than to have portfolios of strategies without earning the kind of profits that we want from the market. We should keep maintaining and adjusting our strategy so we can earn well in the market.

Besides one of the things you will notice about creating a winning strategy is that once you figure out how to make one then you can create many different ones using different indicators and time frames, and while some may be more accurate or give slightly bigger profits, at the end what matters is that you are earning good money with them, which is not something the majority of the traders out there can say, as even with a good strategy they fail miserably when it comes to making profits with those strategies.

[justdimin]

I like to stick to one strategy as long as it's working for me. The market is changing and evolving every day. So in order to compete with that, we do need multiple strategies. Even if you like it or not. And after sometimes, all the available strategies could become useless. That is why it is always the best idea to come up with our own strategy. We can adjust here and there in order to fine tune it based on market condition. It has worked for me before, and I am still doing it. Helps a lot and also pushes your skills to generate more knowledge. Following existing patterns and trading strategy already available on the internet is not recommended because many are already using it and others have already created better versions of that. So yes, I choose multiple trading strategies. It gives me freedom and more control over my decision making.

I agree, changing markets require changing strategies and that's an important thing, most people try to avoid that and they make a mistake but that's the way it goes, it should be remembered that markets are volatile so a single strategy can't be good for all kinds of changing situations, we will have a different result all the time.

I prefer that it would be a good thing if we could end up with a good result, and that's not going to be enough, we need to just be ready for anything at all times. I have close to 12 different strategies by now, and I am not using all of them all the time, some gets used more frequently and some very rarely, but I feel like I pin pointed each of them to a strict situation and some of them work very well.

[omgitsmehehe]

A single strategy might not give you the full information on the market price movement. But combining strategies together helps a lot.
 Combining strategies and still having same results. It's a clear confirmation for trade entry. Which one strategy may lead to fake outs sometimes.

Combination of strategies is not always helpful, making a trader to become either confuse or more confident about an entry. The whole thing would be a messy if we knows every spots of the market, some certain information are just suppose to be left unknown, because for us it's good we know these projects but unknown to us that we're the causes of our losses. A trader become too confident about an entry and forget that losses exists, I only used supply and resistance zone to trap out my entry and hope for the very best when it hits my targets.

[Farma]

personally, I tend to have more than one strategy. that's because we don't know whether the 1 strategy we have will continue to succeed. this makes us need a backup strategy when the strategy we often use doesn't generate much profit anymore. I think, this is also done by many people, even outside of trading, they still have a backup strategy to avoid unwanted risks in the future.

[Madu$11]

From my personal experience only one strategy will take you in your favor as I started using one strategy to trade my coins. It is difficult for me to lose money because I buy coins when the market price goes down and sell when the price goes up. I think there is no chance of loss if you trade with single strategy, so I want to tell everyone that trading with single strategy is the best.

[Timmzzy]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

In my own opinion one strategy is better than have many of it, not that all strategy dont work they do BUT if you get to master ONE and stay consistent with it you will do better than having too many and end up not knowing which one will actually suite your trading style. just recent i was discussing with a friend he was like his is learning forex and he is watching tons of videos on YT, on different trading strategy to trade the market and what i told him is the honest truth saying TRY LEARNING ONE STRATEGY AND MASTER IT, because too much of everything is nothing.

[nara1892]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

It all depends on the situation. Sometimes, a simple approach is not always better, and you may need to modify your approach to achieve the desired results. There are many factors that influence trading strategies, such as experience, time management, risk assessment, and personal choices. Some traders find success with a simple and focused approach, while others prefer employing multiple strategies.

Personally, I prefer a mix of both approaches, as it allows for flexibility and adaptation to different market conditions.

It comes back to what we understand more, as you said, some people may be happier when doing simple things, but for some others they are not satisfied enough so they choose to combine several strategies that may be more visible results. However, don't let what we choose make it difficult for us, in other words, sometimes people will confuse themselves with the strategy, in fact, that is the strategy they want to implement.
As I said, it comes down to whether we are happy with the strategy or not.

[KingsDen]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

Apart from in trading there is always need to have two instead of one.
1. One can obviously fail and you will need a  backup
2. One does not provide alternatives.
When you have multiple strategies you will have to know where and when you will apply each one.
Apart from the above, a strategy fails at a time, so you will need a backup incase you main strategy works.

[Mrengage]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

I see many strategies as too much stuff to handle if you ask me, like I don't like stress when it come to the financial market. I like to keep my trading strategy plain and simple in the case even a newbies can easily grab what am doing with getting confused of many Analysis paralipsis's

[crwth]

This is more of a combination with me regarding the indicators used for the strategy. It is made up of different indicators forming basically one system.

One strategy isn't enough since there are a lot of different market situations like a bear market, bullish market, sideways market, etc. It would be best if you had different strategies for that.

That said, multiple strategies would be ideal, and automating it is the best.

[EarnOnVictor]

Combination of strategies is not always helpful, making a trader to become either confuse or more confident about an entry.

in other words, sometimes people will confuse themselves with the strategy, in fact, that is the strategy they want to implement.

What you guys don't know is that what you called the state of confusion is the state in which you are supposed to wait rather than take any trading action. There is nothing you can say about trading that I don't know or have not tried, and my experience of all of them concludes that 'you should use what works best for you.'

For me, it's the combination of well-blended strategies that help me trade at the right time, but could force discipline in me to be patient before trading. This also helps me to win more trades and averts more losses than the mistake of trading one strategy would have caused.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

Trading strategies or trading signals?

I mentioned strategies and signals there, it depends on what you referred to. Trading strategies are the approaches you use to speculate what the market would do. While trading signals are the advice given by your strategies or its issuer for you to act upon.

Trend detection is generally never part of the strategy

Can you then tell me in simple terms what detects the trend of the market if the trading strategy is not part of it?

[Mpamaegbu]

If a single indicator can make you profit from your trading every time you trigger a trade I don't see why you should complicate it by introducing more indicators. Simplicity is best at a situation like that. Having fancy indicators crisscrossing one's charts isn't the best, especially when their signals conflict and throw one into losses. For me, I rely mainly on leading indicators of Lines like pivots, S&R, trendlines, PA and then I've it at the back of my mind that there's no holy grail. In trading, everything is speculative and no certitude it can't go otherwise.

[cute nmp]

I personally prefer using only one Trading strategy, During my early trading days i went through so much strategies from one to another to choose the one that best suit my style. After a while i was able to pick one don't think i will ever use another strategy apart from mine to avoid complications.

[MFahad]

People always prefer that strategy which is profitable for him no matter its a single or multiple but the main thing is profit. It is necessary to have knowledge about market situations so then applying your strategies will make you profitable.

I think strategies which were used in the past remains the same but uses of these strategies changes according to the situations. One strategy does not always work so try to understand about different strategies and about time of its uses with the help of YouTube videos.

I will always use that strategy which is profitable for me and will use it until its beneficial under proper situations but if I choose certain strategy and it does not work for 3 or 4 times then I will not use it again because the main thing is profit.

[DoublerHunter]

I think it's more correct to choose one strategy to work with. In this case, the trader has a really better chance of success.

^ Nope, I don't agree with you.
Don't stick to one strategy especially if you have failed on it so many times.
However, the decision of whether to have multiple strategies or stick with one in crypto trading depends on your trading style and goals. Multiple strategies can offer diversification and potentially reduce risk, allowing you to adapt to different market conditions. Having multiple strategies requires more time, and expertise, and can create psychological challenges. It is important to find a balance that suitable to your objectives, risk level, and personal preferences. Consider experimenting with different strategies in a simulated or small-scale trading environment to determine their effectiveness before committing significant capital.
So, therefore, I voted more strategies would be good.

[lalabotax]

People always prefer that strategy which is profitable for him no matter its a single or multiple but the main thing is profit. It is necessary to have knowledge about market situations so then applying your strategies will make you profitable.

Professional traders usually have their own trading strategy that they can adapt to market conditions and have used it effectively time and time again in all types of market situations. But for beginners or ordinary traders, maybe this is not as significant as we said, the important thing is that they get more profits

[Captain Corporate]

People who say "one" strategy must be saying something that is versatile depending on the market conditions, otherwise it makes no sense. Like I said a million times before, something that works at bear, won't work at bull, something that works at bull won't work with bear, and something that works with sideways will not work with either of them. So all in all there is no scenario where we could see it as a good thing, we need to realize that this is a trouble and there is no way out of this. I know that people are not going to be joyful about the situation, and that's a trouble in the end, because they want one solution and want to be lazy about it but there is none. Maybe something versatile that changes with time could possibly be the reason.

[MFahad]

Professional traders usually have their own trading strategy that they can adapt to market conditions and have used it effectively time and time again in all types of market situations. But for beginners or ordinary traders, maybe this is not as significant as we said, the important thing is that they get more profits

beginners have no experience at start so whenever they become familiar with the market situation, with the type of coin and with the price chart then they will understand about actual strategies. Beginners don't have lots of knowledge as compared to professional traders and as the times passes and they don't loss hope so surely one day they will become professional traders too.

I think those individuals who have proper management and have skills to operates successfully are always profitable. It is possible that beginners will get profit from start if they understand everything at initial stage.

[EarnOnVictor]

If a single indicator can make you profit from your trading every time you trigger a trade I don't see why you should complicate it by introducing more indicators. Simplicity is best at a situation like that.

That God that you put "if", meaning that those traders using multiple strategies are not fools, it might probably be that one strategy is not working for them.

In this subject matter, I will always be neutral, it's good that we respect the choice of others and use what is good for us. But in my vast trading experience, I'd used a lot of trading approaches before I resolved into using combined strategies to increase signal strength and trend reliability.

Mind you, there are many reasonable reasons people would combine strategies, and it's partly because different strategies serve different purposes. I've also not seen a professional trader who trades for a living that uses a single strategy, which is for a reason that can never be negative.

Prove me wrong on that.

[justdimin]

If a single indicator can make you profit from your trading every time you trigger a trade I don't see why you should complicate it by introducing more indicators. Simplicity is best at a situation like that.

That God that you put "if", meaning that those traders using multiple strategies are not fools, it might probably be that one strategy is not working for them.

In this subject matter, I will always be neutral, it's good that we respect the choice of others and use what is good for us. But in my vast trading experience, I'd used a lot of trading approaches before I resolved into using combined strategies to increase signal strength and trend reliability.

Mind you, there are many reasonable reasons people would combine strategies, and it's partly because different strategies serve different purposes. I've also not seen a professional trader who trades for a living that uses a single strategy, which is for a reason that can never be negative.

Prove me wrong on that.

This is the correct answer. If you have a single indicator that earns you money then yeah you shouldn't use anything else, but I have never seen anyone who uses just a single indicator all the time without a worry and keep on making a profit. We all know that it is not going to be easy and it is going to be a difficult job, it should not be a profitable thing to keep doing all the time and we should probably consider this a bit of a troublesome result if we want to just make sure it is doing alright.

I hope that it gets to a point where it doesn't make too much sense to keep on using a single indicator, when the market changes then your aim should change as well and you should be making a lot more profit from it at the same time.

[Minecache]

If a single indicator can make you profit from your trading every time you trigger a trade I don't see why you should complicate it by introducing more indicators. Simplicity is best at a situation like that.

That God that you put "if", meaning that those traders using multiple strategies are not fools, it might probably be that one strategy is not working for them.

In this subject matter, I will always be neutral, it's good that we respect the choice of others and use what is good for us. But in my vast trading experience, I'd used a lot of trading approaches before I resolved into using combined strategies to increase signal strength and trend reliability.

Mind you, there are many reasonable reasons people would combine strategies, and it's partly because different strategies serve different purposes. I've also not seen a professional trader who trades for a living that uses a single strategy, which is for a reason that can never be negative.

Prove me wrong on that.

This is the correct answer. If you have a single indicator that earns you money then yeah you shouldn't use anything else, but I have never seen anyone who uses just a single indicator all the time without a worry and keep on making a profit. We all know that it is not going to be easy and it is going to be a difficult job, it should not be a profitable thing to keep doing all the time and we should probably consider this a bit of a troublesome result if we want to just make sure it is doing alright.

I hope that it gets to a point where it doesn't make too much sense to keep on using a single indicator, when the market changes then your aim should change as well and you should be making a lot more profit from it at the same time.

Although I'm not very good at trading but can't just use one indicator to trade, I haven't seen anyone who can do that. But I think using more or less indicators does not matter because each person will have a different mindset and strategy, we should not impose our thoughts on each other. The important thing we need to take care of is the profit that we can achieve no matter which indicator we use. If we are stable and profitable with our strategy, don't change it just because our strategy is not like others.

[awik p]

If a single indicator can make you profit from your trading every time you trigger a trade I don't see why you should complicate it by introducing more indicators. Simplicity is best at a situation like that.

That God that you put "if", meaning that those traders using multiple strategies are not fools, it might probably be that one strategy is not working for them.

In this subject matter, I will always be neutral, it's good that we respect the choice of others and use what is good for us. But in my vast trading experience, I'd used a lot of trading approaches before I resolved into using combined strategies to increase signal strength and trend reliability.

Mind you, there are many reasonable reasons people would combine strategies, and it's partly because different strategies serve different purposes. I've also not seen a professional trader who trades for a living that uses a single strategy, which is for a reason that can never be negative.

Prove me wrong on that.

This is the correct answer. If you have a single indicator that earns you money then yeah you shouldn't use anything else, but I have never seen anyone who uses just a single indicator all the time without a worry and keep on making a profit. We all know that it is not going to be easy and it is going to be a difficult job, it should not be a profitable thing to keep doing all the time and we should probably consider this a bit of a troublesome result if we want to just make sure it is doing alright.

I hope that it gets to a point where it doesn't make too much sense to keep on using a single indicator, when the market changes then your aim should change as well and you should be making a lot more profit from it at the same time.

indeed a professional trader they don't use just one strategy, but several strategies, but they also differentiate accounts for each strategy system that is executed. that way they can see which strategy can work well, or even they can analyze which strategy system is suitable for use in a given situation and condition. By doing research continuously, it will make them understand more about how to trade, which is a fun activity for them

[irhact]

Although I'm not very good at trading but can't just use one indicator to trade, I haven't seen anyone who can do that. But I think using more or less indicators does not matter because each person will have a different mindset and strategy, we should not impose our thoughts on each other. The important thing we need to take care of is the profit that we can achieve no matter which indicator we use. If we are stable and profitable with our strategy, don't change it just because our strategy is not like others.

It's good as a trader that you should try all possible strategy available and choose the strategy that best works for you. We don't have to depend on any individual advice as what works for them and give them huge success mightn't work for us or work in a successful way as it did for the other individual. This is why it's necessary we trade ourselves instead of depending on trading signals as it gives us the opportunity to know what works for us best..

If by using one trading strategy you'll get a better results than when you combined trading strategies then only use one strategy and when that strategy stops working for you, you can change to a new strategy that you would have already tested and it works perfectly for you.

[Dunamisx]

I personally prefer using only one Trading strategy, During my early trading days i went through so much strategies from one to another to choose the one that best suit my style. After a while i was able to pick one don't think i will ever use another strategy apart from mine to avoid complications.

In my own case, I'd prefer making use of a single strategy but when am using that for a long time and over this period without having a result to back it up then i try to switch or change to another maybe i could use another approach to get a better experience with my trading, this is how I've been always staying with these kind of situation because i like holding onto something but not when am not having good results from it, then i try to refrain myself for another option.

[Vivageneviv]

I find Grid Trading very effective especially in a volatile market where emotions can influence your decision making.  I feel like the efficiency of AI brings a lot to the table in this form of trading. Which explains why a lot of CEXs including Binance and Bitget now launch AI grid trading products to help users reach more efficiency in trading

[Hamphser]

If a single indicator can make you profit from your trading every time you trigger a trade I don't see why you should complicate it by introducing more indicators. Simplicity is best at a situation like that.

That God that you put "if", meaning that those traders using multiple strategies are not fools, it might probably be that one strategy is not working for them.

In this subject matter, I will always be neutral, it's good that we respect the choice of others and use what is good for us. But in my vast trading experience, I'd used a lot of trading approaches before I resolved into using combined strategies to increase signal strength and trend reliability.

Mind you, there are many reasonable reasons people would combine strategies, and it's partly because different strategies serve different purposes. I've also not seen a professional trader who trades for a living that uses a single strategy, which is for a reason that can never be negative.

Prove me wrong on that.

This is the correct answer. If you have a single indicator that earns you money then yeah you shouldn't use anything else, but I have never seen anyone who uses just a single indicator all the time without a worry and keep on making a profit. We all know that it is not going to be easy and it is going to be a difficult job, it should not be a profitable thing to keep doing all the time and we should probably consider this a bit of a troublesome result if we want to just make sure it is doing alright.

I hope that it gets to a point where it doesn't make too much sense to keep on using a single indicator, when the market changes then your aim should change as well and you should be making a lot more profit from it at the same time.

indeed a professional trader they don't use just one strategy, but several strategies, but they also differentiate accounts for each strategy system that is executed. that way they can see which strategy can work well, or even they can analyze which strategy system is suitable for use in a given situation and condition. By doing research continuously, it will make them understand more about how to trade, which is a fun activity for them

The more the better and this is where traders should really be doing because market does have lots of variations on which it would really be just that normal that you would really be needing a different approach too

on which means that it would really be needing different strategies on certain conditions.Although it not really that known that TA's does really give that assurance on hitting up the right spot but at least you've been
that aware or wary about on the things that could possibly happen basing up with those candle stick patterns and other analysis that you have able to dig in on using up these indicators.
There are different show of probabilities on different sets of tools that you've been using. This is why taking up risks on making decision on following those things is the real thing and the risks that we are taking
but speaking of risks then this is the best way on doing so rather than on putting yourself on risk into something random or having no analysis at all that has been applied.
You could really be able to tell the difference in between two though.

[Kimonoe]

I personally prefer using only one Trading strategy, During my early trading days i went through so much strategies from one to another to choose the one that best suit my style. After a while i was able to pick one don't think i will ever use another strategy apart from mine to avoid complications.

In my own case, I'd prefer making use of a single strategy but when am using that for a long time and over this period without having a result to back it up then i try to switch or change to another maybe i could use another approach to get a better experience with my trading, this is how I've been always staying with these kind of situation because i like holding onto something but not when am not having good results from it, then i try to refrain myself for another option.

if you are still in the learning stage it is better to use one strategy, because we will analyze the progress of the development of our trading system first, until we achieve the goal of getting consistent profits in trading. after feeling that you have mastered one trading system, then we can develop another trading system, it aims to approach methods from several existing trading systems, so that we know the advantages and disadvantages of each system used

[Minecache]

Although I'm not very good at trading but can't just use one indicator to trade, I haven't seen anyone who can do that. But I think using more or less indicators does not matter because each person will have a different mindset and strategy, we should not impose our thoughts on each other. The important thing we need to take care of is the profit that we can achieve no matter which indicator we use. If we are stable and profitable with our strategy, don't change it just because our strategy is not like others.

It's good as a trader that you should try all possible strategy available and choose the strategy that best works for you. We don't have to depend on any individual advice as what works for them and give them huge success mightn't work for us or work in a successful way as it did for the other individual. This is why it's necessary we trade ourselves instead of depending on trading signals as it gives us the opportunity to know what works for us best..

If by using one trading strategy you'll get a better results than when you combined trading strategies then only use one strategy and when that strategy stops working for you, you can change to a new strategy that you would have already tested and it works perfectly for you.

If you haven't found a strategy that works for you, you should try them all to find the one that works for you. But if you have found a strategy that can be profitable, then you don't need to try them all as it is just a waste of time and easy to confuse us.
But I agree with you, if our strategies come to a point where they no longer work, we need to change and update everything. The market is always changing, so we need to update and adapt to everything if we want to continue to exist in the market.