One trading strategy is enough.

[Rruchi man]

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

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

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

[boyptc]

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

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

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

You're right.

You don't need to know bunch of strategies just for you to be profitable. One working and profitable strategy as a trader is enough to stay and make yourself beneficial from it.

But if you're still looking for a good one, all you have to do is to make yourself comfortable to whichever works for you. You're free to test a new one if you want to but stick to which is working.

[BitMaxz]

Based on my experience almost all trading strategies are the same the only difference between other strategies is that is the execution and process but all of them are the same.
So it is a good idea to try all strategies I'm sure you will notice that they don't have any difference to other strategies learning them all gives you more insight and gives you more confirmation that gives you confidence where you put your position.

All strategies are working fine you just need to optimize them all that is why there are some tools out there that you can use to backtest your strategies and optimize them.
Once you find a strategy that suits you then you can start to apply it on a backtesting tool and if the result gives you a better profit then you can trade in live trading and apply your strategy then stick with that strategy. I don't think a strategy would just die in the long run that is why you need to optimize them to keep your strategy working.

[Oshosondy]

There should be nothing called multiple trading strategies because traders will prefer to follow one. If the strategy they followed is not working, they will change to another one in the process of having more experience about trading. Or should I even say we should not regard strategies as one or many because it is just like a pathway.

Example of a strategy is:
To be using just 5% of your week income for trading. Not going more than 1x leverage. Not trading highly volatile coins. Using not more than 3 indicators. Setting stop lose at 10% loss. All take profit at 10% gain.

Can you see that it seems more of being a pathway than to be saying strategies can be one or many. Traders are using just one strategy which they are using to look for profit. If they are losing, they make amend by changing it in a way they can make profit.

[jcojci]

As a new trader, trade on one pair is enough as they still learn about trading and need to understand how to trade properly. They don't have to force themselves to trade more than one pair because that can makes them difficult to controls their emotion. They can lose their focus to watch and analyze the market and could be late to take action based on the current situation at the market.

They must familiarize with their trade so they can practices with right. By learning from step by step about trading, they will see how good they improve themselves so they can moves to the next lesson.

They need to learn many things about trading because trading is not just buy and sell. Many lessons about trading they must learn and practice so they must have patience to do one by one.

[LogitechMouse]

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

There might be some expert traders out there who are using more than 1 trading strategy as long as it works for them, but most of them might only be using 1.

It's like when finding your first client. Just a single "You're Hired" might change your life. It's the same with trading where only a single "WORKING" strategy might also change your life. Of course, different traders might have different strategies, but as long as it works for them then it's good. Whether it will be putting a stop loss at 10%, or putting a take profit at 20% as long as it works for them then you will always, always make profit. Learning a single strategy that works on your trading style takes time, and money though, but most who pursued trading ended up winning, and it's because they find the strategy that works for them.

At the end of the day, it isn't that easy to know a single strategy that works for you, and as for my understanding, there's no strategy out there that works literally for everyone.

[o48o]

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

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

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

Consistency can be a good way, if you have a good strategy to begin with. And i agree with some of this, because it also contains the idea of following your plan, and not changing it mid trough because you feel greedy or you get scared of some fud that others might not even notice.

Also, that consistently is easier to achieve when you keep things simple and have a minimalistic mindset where less is more. Trying to combine several indicators "to make sure" is often counterproductive, as we often forget that it's about probablility and there is nothing sure in any of this. We often use several indicators subconsciously to try to make the chart look bullish if we want it to look bullish.

Simplicity also helps, because more people are watching that same thing and some crossed lines, brake outs and confirmations trigger major buy evens from bots and the people who are looking at that same common indicator as you were.

[Dr.Bitcoin_Strange]

Yes, for a new trader, they need to learn and make sure they master a particular strategy before moving onto the next one; otherwise,  they might find it confusing to just comprehend every strategy at once. For example, every coin or token has a market trend that can be studied before one can understand how frequently the price goes up and falls and if  there are some factors that contribute significantly to the price movement. By so doing, a trader can master a particular pair, which can generate more profit compared to when they are trading with another pair, which they feel they can just predict the market direction at that moment.Successful traders may have different strategies, but I also believe they have just one or two that they are very consistent with and that generates them more profit than others. 

[Learn Bitcoin]

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

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

I understand that a lot of different strategies are hard to understand and follow for beginners as they may get confused with that. But, I don't think one strategy is enough. But, I won't say you are wrong because I don't know your strategy well. If your strategy is good enough and you are making money constantly with that, I will have to agree with you.

But as you know, everyone does not carry the same feelings and I don't think one trader can always follow others strategy. Even though I am just a spot trader and holder, I know that sometimes a trader have to take risk and do different things apart from his main strategy to recover  his loss.

[Catenaccio]

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

They need to be very knowledgeable, experienced and disciplined so that they only trade when their assessment gives them safe entry and possible good profit. But the condition to enter the market is risk is small and profit is bigger than loss from their entry point.

If a trader is not disciplined, it's hard to get profit consistently.

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

When people succeed with one trading strategy or new traders succeed in the market for a while, they can think they can beat the market and are no longer open minded, flexible and careful. It is when risk becomes bigger by their carelessness and actions, so loss will come.

Believe in what you are doing, strategy you use, is good but don't close your mind and ignore all risk warnings.

[milewilda]

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

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

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

No it wont work. Why? Market would really be having that different variations or conditions on which if you would really be trying out to stick on a single strategy then you would really be that definitely be finding yourself
be losing trades on certain conditions. Yes, there's no guarantee or precision about making use of strategies on which we know that when it comes to this aspect then there would really be no assurance.
Somehow having analysis and strategies is much better rather than on making trading positions without any basis because it would really be that considered gambling. One trading strategy?
Yes you could really be making use of that but you would really be needing up to focus or stick into that market condition before you would really be making or taking some action.

I do much prefer on knowing multiple ways or methods or analysis on which on the time that you do encounter those market conditions then you do already have at least that idea
on what are the things that you should gonna do, specially on whats happening on the market.

[crwth]

I don’t think that one strategy is enough. It’s most likely to be better to have multiple strategies and depend those strategies into the market movements. So maybe it’s going to be with 3 strategies.

• Bull Market Strategy
• Bear Market Strategy
• Sideways Market Strategy

With that in mind, I think it would be best to roll into those three things and make the most out of the market using those strategies.

[mirakal]

One trading strategy is enough as long as it’s consistently working. If it’s not, then find another one that will suit to your trading style. We don’t need actually 2 or 3 trading strategies just to ensure our trading success, remember it’s not the strategy that will matter but on how the trader make use of that strategy. And bear in mind that if one strategy works for others, it does not mean that it will also work for you. Find a strategy that will definitely work on you, as much as possible for long term.

[cabron]

How will he know which strategy works for him if he doesn't try several trading strategies? But sure he can choose which one that works for him.

However, as a newbie, I think he would have to try out several strategies and see which one he'd like the most as it is linked to his personality. If he is the kind of a person who is pretty much living on the edge, maybe learning the riskiest strategy gives him more thrills and keeps him making money at the same time. It's his choice.

There are swing traders who usually just buy, and hold for a long time and when the time is right in the crypto cycle, they sell.

[kentrolla]

I can testify that as I have been running behind multiple strategies and different combinations but guess what, I had made more profits when I was using basic trading strategies and follow that one simple strategy before calling for some indicators and messing it up, though I was able to make profit but the amount of stress while trying out different indicators and the profit margin is negligible.

I think we should same from the basic strategies and experiments with them to shortlisted the one best suited strategy and hold on to it.

[khiholangkang]

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

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

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

I prefer this because it does make us much more understand and understand how to trade and can get more consistent profits, we don't need to have many strategies in trading the crypto market, we just need to be consistent in 1 strategy, and perfect it into a powerful strategy for our tools to fight in the market.

Instead of learning many strategies, it will make it very difficult for us to enter the market, or place positions and so on that can make us confused and slow in learning and gaining profits in the market.

But the average problem is, many traders are always tempted by other people's ways of making profits in the market and make them always want to use the same way as others, which in the end he could not get the same thing as the people he imitated.

[BABY SHOES]

I think you should try a lot of strategies because it will give you a lot of experience in your trading, if you think all the strategies have been tried then you can determine one strategy that makes you profitable but I'm sure some traders will not try just one but they will apply many patterns to this strategy.

Sometimes we have to understand everything we need, and indeed if you use many strategies it will be a little complicated for you and even drain energy for a trade, it's just that this is for the sake of profit so I think some traders do a lot about the strategies they know.

[EarnOnVictor]

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

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

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

I disagree with you! Talking about the experienced traders who are making profits in the market, I am happy to be one of them, at least in my little way. Trading strategy is subjective, we should respect that for any trader as long as it is working for the trader. There are traders who are fine with a single strategy, but it is not sufficient for others, they have to combine more than 2 strategies together for more reliability.

Like myself, I will be deceiving myself with a single strategy because there are many signals that one strategy will not be able to capture, but if they are two or three, the chance of it not missing your radar is higher. Also, a combined strategy often filters our trading signals for better reliability, we can't underestimate that. Nevertheless, I say yes to the one-pair trading, it helps traders to be better focused.

[Silberman]

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

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

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

While I agree, the issue is that those new traders do not know which one of all the strategies they have read is the one they can use to obtain profits, so at the early stages of their trading careers, it is correct to try different strategies to see which one fits them the most and offers the best results, however once a trader has taken a decision and they are sure the strategy they have selected is a profitable one, then they need to stick to it and master it.

[justdimin]

I understand that a lot of different strategies are hard to understand and follow for beginners as they may get confused with that. But, I don't think one strategy is enough. But, I won't say you are wrong because I don't know your strategy well. If your strategy is good enough and you are making money constantly with that, I will have to agree with you.

But as you know, everyone does not carry the same feelings and I don't think one trader can always follow others strategy. Even though I am just a spot trader and holder, I know that sometimes a trader have to take risk and do different things apart from his main strategy to recover  his loss.

I would agree with that, one strategy definitely isn't enough. I would say one strategy when you are on the action could be fine, like if you have 10 strategies and one of them works and you start doing that and in that moment don't switch strategies just on the middle of the road, try to make sure that you deal with something similar, not really get anything crazy at all.

But, if we are talking about something that could make some profit, then the best way would be having some open view to the market and not limit yourself. If you have just one strategy and nothing more, you are limiting yourself and that is going to be a very tough situation for you, nobody would like that, it would also mean that you are going to be a lot slower instead as well.