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Keep one strategy or looking for something new?

  • #21
  • Feb 27, 2017 2:27pm Feb 27, 2017 2:27pm
Quoting Rob Mondave
I have a variety of tools in my toolbox, and am always looking to add new tools. If I see the price behaving a certain way and want to trade it but don't know how, I work for the next few months developing a new tool for it, i.e. figuring-out how and when an entry would and would not work under those circumstances. I have two very reliable tools which I use most of the time (when the price gives me the opportunity) and a few others which I use more conservatively.
I totally agree with this plan, learn more to deal with new challenges that comes in the future. Not that you are changing your strategy but just upgrading, In the computer field we call that self-sustainable'
  • #22
  • Mar 23, 2017 11:38am Mar 23, 2017 11:38am
In your live trading account you should stick on a specific trading strategy or system, but of course in your demo trading account you can use multiple trading strategies! Actually used so many indicator based trading strategies in my demo account and then I found Price Action trading strategy is much better and reliable! As a result, now I work with only PA trading strategy in my live account, even I don’t count news events!
  • #23
  • Apr 17, 2017 9:12am Apr 17, 2017 9:12am
No way with multiple trading strategies or system! Even, from my 1st day of trading my intention was on only Price Action trading, and till now I am with this popular trading strategy! In my demo account, I never added any technical tool since my concentration was on only PA trading! Using multiple trading strategies and system is not a wise decision, it makes more complexity in trading!
  • #24
  • Last Post: Apr 22, 2017 11:46am Apr 22, 2017 11:46am
At the beginning of my trading journey I experimented a lot, have tried various trading strategies and have chosen one main one. I use one strategy constantly for work, I try to perfect it, but if such a situation arises that it stops bringing me money and I don't have the chance to perfect it, for that case I have several other strategies as extra options.
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