What do you do with a good trading strategy?

[Stepstowealth]

What do you do to a trading strategy that already earns you a good percentage in profit. do you still try improving on it to ensure it does not fail? or do you let it be until it starts showing signs of failure?

It is a simple question but I think answers and opinions will be different considering that some traders may fear further tampering with the strategy, others will no want to wait until it fails, what is your style?

[Hatchy]

Adapt. Yes, you should know that your strategy might not work in all market conditions. So you adapt to the changes that the market develops during various Global or fundamental events. One thing many people fail to do as a trader is that they fail to update their strategy over time and feel more relaxed. The world is evolving and so is the market. You can have a good strategy but still not be profitable because you failed to adapt to different market conditions...

[Catenaccio]

What do you do to a trading strategy that already earns you a good percentage in profit. do you still try improving on it to ensure it does not fail? or do you let it be until it starts showing signs of failure?

It is a simple question but I think answers and opinions will be different considering that some traders may fear further tampering with the strategy, others will no want to wait until it fails, what is your style?

All trading strategies have failed times when market beat trading strategies so traders must have proper risk and trading capital management. They must avoid to strongly believe in any trading strategy and feel like it is unnecessary to use some weapons in trading like stop loss order or stop limit order. Such orders are helpful to defend their initial trading capital which can maintain capital of traders in long term.

It is very important to have prevention and risk management when you already know that there is no perfect trading strategy that can works well forever.

[joniboini]

Maybe we need to be clear on what constitutes a good & working trading strategy first. Let's say the goal is to get a 10% profit per month. You rely on RSI and BB to make calls and consistently managed to achieve that target for 4 months or so, but in the fifth month, you only get 9% profit. Do you think that's a failure? If yes, how can you be sure that RSI or your BB settings failed instead of unexpected factors like geopolitical sudden changes affecting your trades? If you can't filter out the noise, I think it will be hard to make meaningful and good changes to your strategy.

But yeah, everyone will need to adapt if they fail to achieve their target consistently, or worse, suffer a huge loss.

[harapan]

What do you do to a trading strategy that already earns you a good percentage in profit. do you still try improving on it to ensure it does not fail? or do you let it be until it starts showing signs of failure?

It is a simple question but I think answers and opinions will be different considering that some traders may fear further tampering with the strategy, others will no want to wait until it fails, what is your style?

Well change is a constant fellow and then it's better off to have back up plans in situations as this. Yes your strategy at the main time can be profitable but inorder to safe guard yourself from losses  unexpectedly I advice one don't wait till everything shows off as failure to embrace another strategy, so I keep up with the good trading as well as have a backup just in case the good one fails me at anytime.

[Free Market Capitalist]

What do you do to a trading strategy that already earns you a good percentage in profit. do you still try improving on it to ensure it does not fail? or do you let it be until it starts showing signs of failure?

Rather, the question would be: what do you consider a good trading strategy? What percentage of profitability are you talking about, how long and with how much capital? Considering that if you do day trading the probability of losing your money is close to 100%, in the unlikely event that you find a successful strategy you better not change anything.

[The Cryptovator]

During trading you have to take real-time decisions. So all the moments your single strategy won't work. So based on the circumstances, you must have a couple of strategies made by you. It means the strategy would be created instead. For example, in your strategy, you always make ten percent profits. But suddenly the market starts crashing due to some bad news, and you are aware of the news and market situation. So to protect your capital, you have to change strategy and use stop losses or sell instantly. So even you haven't earned it, but you protect your capital.

The summary of my post is you have to decide instantly based on the situation. One strategy won't work all the time, and you will fail definitely. For you, you have to improve with the time and with the market situation. Nobody actually wants to lose, but sometimes we have to lose as well. You won't always be a gainer whatever strategy you follow, but on average you should be profitable when you have some strong trading strategy.

[Doan9269]

What do you do to a trading strategy that already earns you a good percentage in profit. do you still try improving on it to ensure it does not fail? or do you let it be until it starts showing signs of failure?

The answer to give on this is very simple, if something we have been using is productive to us, then we have no reason to stop or discontinue in using the same strategy again, but when we noticed things have not always been the same productive as before, then we may need to revise on the approach and possibly have a change in strategy used, this is how we should react to any strategy used and not that we just made decisions unnecessarily.

[joeperry]

What do you do to a trading strategy that already earns you a good percentage in profit. do you still try improving on it to ensure it does not fail? or do you let it be until it starts showing signs of failure?

It is a simple question but I think answers and opinions will be different considering that some traders may fear further tampering with the strategy, others will no want to wait until it fails, what is your style?

For me, as long as its working currently and earning me a good certain amount of money (enough profit) I don't think I need to edit it unless you're unsatisfied with the result and wanted to improve it further. I'll wait till I see it fail and from there I would start improving it, so more likely creating a my base or main strategy and from there I will edit it further after showing some weaknesses. Sometimes the simplest strategy works better than tampering it a lot of strategies and it might conflict with other strategy thus you will not be able to maximize your profit.

[Rockstarguy]

What do you do to a trading strategy that already earns you a good percentage in profit. do you still try improving on it to ensure it does not fail? or do you let it be until it starts showing signs of failure?

Enjoy it while it lasts because trading strategies don't last forever, and after some time, they might not yield the same results as they used to. It is important for a trader to be ready for a new trading strategy when a current strategy is not providing the same results. It is impossible to keep trying to improve a strategy that is failing because trading strategies are not static; the market doesn't remain the same forever. Relying on a particular trading strategy has really been one of the problems faced by some traders.

[tbct_mt2]

Maybe we need to be clear on what constitutes a good & working trading strategy first. Let's say the goal is to get a 10% profit per month. You rely on RSI and BB to make calls and consistently managed to achieve that target for 4 months or so, but in the fifth month, you only get 9% profit. Do you think that's a failure? If yes, how can you be sure that RSI or your BB settings failed instead of unexpected factors like geopolitical sudden changes affecting your trades? If you can't filter out the noise, I think it will be hard to make meaningful and good changes to your strategy.

It is unfortunate that most traders don't think and set 10% profit each month is enough for them. They aim at being richer, becoming millionaires or billionaires with trading and trying luckiness with leverage and futures trading types.

But yeah, everyone will need to adapt if they fail to achieve their target consistently, or worse, suffer a huge loss.

Traders only can learn from their trading results and improve if they don't lose all trading capital. So to have opportunities to learn, improve and practice again and again, they must use stop loss order for defending their money and reducing trading losses as much as possible.
One of best weapons for traders.

[Lida93]

It is a simple question but I think answers and opinions will be different considering that some traders may fear further tampering with the strategy, others will no want to wait until it fails, what is your style?

There should always be room for improvements even in the best of things because situations can never be static same with the market. Only conservatives are afraid of tampering with the order of things and this leads to them being left behind when others are transforming and moving forward with current trends. Every strategy should be improved to give more profits that's what makes you a good trader.

[Zaguru12]

What do you do to a trading strategy that already earns you a good percentage in profit. do you still try improving on it to ensure it does not fail? or do you let it be until it starts showing signs of failure?

It is a simple question but I think answers and opinions will be different considering that some traders may fear further tampering with the strategy, others will no want to wait until it fails, what is your style?

Stick to your strategy, many will tell you that one strategy can not succeed in all aspects but its true but another reality is too much strategy can even lead to too many losses. I can confidently tell you that there are traders that even trade just support and resistance. So what do you do to a strategy that actually works for you, you stick with the strategy and then you try to back test most of your trades most especially if you’re using the strategy with a new pair which you haven’t tested it with before.

Backtesting is one way to actually perfect the use of your strategy, it gives you the ability to improve on that strategy by adding some things, going around looking for a perfect strategy for all market conditions and pairs only makes you to lose more and not concentrate on a particular strategy, the market conditions itself is not perfectly balanced so they cannot be any perfect strategy.

[Mahanton]

What do you do to a trading strategy that already earns you a good percentage in profit. do you still try improving on it to ensure it does not fail? or do you let it be until it starts showing signs of failure?

It is a simple question but I think answers and opinions will be different considering that some traders may fear further tampering with the strategy, others will no want to wait until it fails, what is your style?

Stick to your strategy, many will tell you that one strategy can not succeed in all aspects but its true but another reality is too much strategy can even lead to too many losses. I can confidently tell you that there are traders that even trade just support and resistance. So what do you do to a strategy that actually works for you, you stick with the strategy and then you try to back test most of your trades most especially if you’re using the strategy with a new pair which you haven’t tested it with before.

Backtesting is one way to actually perfect the use of your strategy, it gives you the ability to improve on that strategy by adding some things, going around looking for a perfect strategy for all market conditions and pairs only makes you to lose more and not concentrate on a particular strategy, the market conditions itself is not perfectly balanced so they cannot be any perfect strategy.

Why you would be trying out to make out some changes if you are that profitable? If you do become profitable then there's no need for you to change but since we are that greedy wanting to earn more, then here it comes into those things that you would be having in mind that you can be able to earn more if you would be trying out to optimize your strategy. Well, it would be that not bad to make out that trial and error and it would be that totally depending on you since its your money then it would be that your right on what you should gonna do with your trading analysis and strategies. It would be a never ending kind of learning when it comes into this aspect on which you would be needing up to consider on what are the factors that could affect out in overall success. What matter the most on here is that you do know on what you are doing and since been said that it is that a profitable strategy then make use of it but always be putting up into your mind that you shouldnt be forgetting when it comes to the real deal that there's no strategy that works 100% precision because we do have been dealing up with a very unpredictable market on which the strategy might work now but it doesnt mean that it would work forever. What matter most on here is that you can adjust accordingly if ever your plan A fails because just like been said that this market will be having that different market variations on which means that you would be needing up to be versatile for you to be able to make out such adjustments. There are just that those times that we do become that confident and on the time that your strategy didnt work or made out some loses then you would be just that easily discourage and even other people do have that kind of giving up or cant be able to think up well if ever this one do happens.

[ScamViruS]

A strategy will not always be effective in all markets. So a trader must change and adapt the strategy over time, taking into account the market. Experienced traders trade the market this way because they know that no strategy is always effective, and that there will be times when that strategy will not produce the expected results. A good strategy is not always good, that strategy has to be changed according to the market situation to keep it good. And that is why many inexperienced traders make the mistake of following the strategy of a particular trader, because they do not change with time and many do not understand the importance of strategy like experienced traders.

[Webetcoins]

A strategy will not always be effective in all markets. So a trader must change and adapt the strategy over time, taking into account the market. Experienced traders trade the market this way because they know that no strategy is always effective, and that there will be times when that strategy will not produce the expected results. A good strategy is not always good, that strategy has to be changed according to the market situation to keep it good. And that is why many inexperienced traders make the mistake of following the strategy of a particular trader, because they do not change with time and many do not understand the importance of strategy like experienced traders.

Strategies always needed to be changed until trader have things in balance because it's never been easy for them to sort things on level until they are able to make profits. No one can stay easily until he has done few good experiments because without it, you cannot survive in trading.

While few always keep their strategy without changing because they will be good. They have to stop here usually few those never understand and keep working on just one they always faced problems which are surely hurt them in long run.

Moreover, pro traders keep searching new strategies which helps them for having smooth work and better profits which is important thing of any trader want to stay in market for long time.

[CageMabok]

What do you do to a trading strategy that already earns you a good percentage in profit. do you still try improving on it to ensure it does not fail? or do you let it be until it starts showing signs of failure?

It is a simple question but I think answers and opinions will be different considering that some traders may fear further tampering with the strategy, others will no want to wait until it fails, what is your style?

If I'm still profitable with my old strategy, I won't immediately switch to a new one, although I will also learn some new strategies to try in the future. Because sometimes when someone changes an old strategy that's still profitable for them in the market, they don't immediately make profits using the new strategy. So, don't immediately change something that's still profitable, even if we already have a new method that we can apply to the market when trading. Because the goal is to make money, we shouldn't throw away old methods just to adopt new ones, especially if the old ones are still profitable and the new method isn't guaranteed to be as profitable as the old ones.

[Mrbluntzy]

What do you do to a trading strategy that already earns you a good percentage in profit. do you still try improving on it to ensure it does not fail? or do you let it be until it starts showing signs of failure?

There's this saying that if overconfidence makes you stop learning, it can also fail you. That is to say that no matter how confident you are with that strategy you are making profit with, never stop learn about the strategy, learning about it will still continue to improve the simplicity of your trade, you don't have to be too comfortable with something and not prepare for the situation of "what if it fails me? " If trading is very simple, every would quickly learn it and start doing it but because of how unstable and inconsistent it is, that why a trader that is already making profit should not stop learning.

[tygeade]

Transfers do decide how the fans feel about their team at the start, and results decide on the later stages. First about 10 weeks of the season, we see teams both play at league 10 times and then they play UCL and such too, so we get to see the new players, and then we make our decision, but until that point the transfers are the things we decided on how much we like the team or not.

Chelsea isn't getting that great, they are good but not great so we have absolutely no idea how they are going to be, they seem alright but not top team yet, so it looks like they may just repeat their success probably. Be in top 24 of UCL, and then be fourth or better at premier league, that is their goal, by the looks of it for now, we will see after 10th week if that's good or not.

[Hammer_Summer]

What do you do to a trading strategy that already earns you a good percentage in profit. do you still try improving on it to ensure it does not fail? or do you let it be until it starts showing signs of failure?

There's this saying that if overconfidence makes you stop learning, it can also fail you. That is to say that no matter how confident you are with that strategy you are making profit with, never stop learn about the strategy, learning about it will still continue to improve the simplicity of your trade, you don't have to be too comfortable with something and not prepare for the situation of "what if it fails me? " If trading is very simple, every would quickly learn it and start doing it but because of how unstable and inconsistent it is, that why a trader that is already making profit should not stop learning.

You are absolutely right. When you do not learn anything in trading, the market will do something to you and teach you a lesson. The market is dynamic and even when a strategy is doing good, it may not be able to survive. The practices that are effective today could be obsolete the month later. Thus it would be logical to continue perfecting your strategy, but still not otherwise, but to pay attention to its performance under various circumstances. I believe it is all about being sharp and be careful not to be over comfortable. Sooner or later confidence always helps but one should be aware and flexible all the time.