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?

[1714751871]

1714751871

[1714751871]

1714751871

[1714751871]

1714751871

[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.