How long do you give a strategy/system before switching to something else?

Include screenshots that give you context you could revise later, exhaustion levels, write down your rationale before entering the trade + certainties and uncertainties and reflect how these played out afterwards, what you should have given more/less weight…

candlestick pattern
chart pattern
pivot point / support & resistance
fibonacci retracement
boilinger band
zigzag
stochastic

of coz you dont need that many for a starter.

1 x price action - candlestick pattern
1 x price level - pivot point
1 x strength indicator - stochastic

these 3 are enough to begin with but you gotta understand the proper use of each individual tool first.

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If your trading strategy is not profitable, I think that you should first understand why it is not making profits? The root cause will tell you a lot about your strategy but sometimes also about your skills and method used. So, the problem might not be in strategy but in trader

What a trader will require from a trading strategy may not same like other trader. Usually I give each trading strategy at least a period of 3/4 months to realize whether I am able to take benefits from the strategy as per my expectations. If a strategy is not giving me earnings as my my expectation, then I try to revise it.

Main thing is that you never give up belieeving in yourself and your abilities. After all its all your accomplishments to havevfinished elementary school. Trading can be hard but with consistent work you can do it. I also heard that it helps to eat tuna in the morning abd do basic excersice. Also some people say to avoid co2 as apperently it harms your decition making process. I also think it is helfull to eat a nutrition rich and carb low diet. Glutenfree is believed to enhanche a traders abilities. Also always keep yourself hydrated drink a lot of liquids. But you should never drink and trade, nono. And you should not drink hardcore liquits like liquid oxygen or super glue. But most important is that someone continues online learning from forums and blogs from other people. Believe in other people then it will come. Build it and he will come. Very important also is to always think positive and reduce critical thinking to a minimum.

Yes i think thats the way to go.

If you build it they will come.

Yea, this is it right there. Everything always comes back to the individual trader. “What works for me?” That’s what I need to keep asking myself. And the answer to that question will change with the amount of experience I gain trading and trying new things (and trying old things for that matter).

That’s the goal!

Yea, man, good stuff.

Thanks for adding this. I think I just need to stop being lazy and be consistent in recording things like this. Not just entry and exits, not just the easy stuff, but some of this too.

This is definitely a big part of if. With more experience, hopefully the trader part gets better :slight_smile:

How many strategies have you been using at any one time? Just one or more than one. I think with multiple strategies, you open yourself up to more trade opportunities, but then there’s also the worry of over trading, no?

Haha, nice one. I’ll start… building. :joy:

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Indicators can gives several way to take the chart and the way to analyze the chart with price action also can gives other, a trend will can be over for one but for another not.

How long do you usually trade a strategy before moving on?

nowadays i’m keeping my setup, how i have started less then 3 months, likely the misses are mine