DislikedAs the title says, Can you trade just one pattern and still be profitable ?Ignored
Reading your post it sounds like we've shared a lot of the same frustrations. My advice on whether or not you look to trade just one setup or punt for every setup out there would depend on the total number of setup types you've identified in your own trading arsenal. Personally I now look for just 4 x setup types (essentially a reversal, a double-top/bottom and a couple of continuation patterns). In my own perspective of the market these phases are essentially all that there is. And so I don't have any issue telling myself to trade all setups. If, however, you've identified say, 20 different setup types, then hunting for all of those in unison might be draining both financially and psychologically.
It's a juggling act and one of those situations, which I think is very subjective, and in many respects the answer can only be achieved with experimentation. But I do think one of the most important questions you need to ask yourself at this phase is, What exactly constitutes a setup? By going through this question you may find that some setups are redundant, or some might meld into others meaning they can be pruned to tighten things up. Obviously I don't know the figures but let's say you can whittle it down to 4 or 5 setups, the current challenge you're facing may be a bit easier to solve.
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