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

[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.

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[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.