What are the different types of trading strategies?

[_bob]

@VladTheImpaler

I can’t seem to find those threads you’re referring to, could you link me to one of them maybe?

What sort of market directions are best for 'day trading'?

What I mean is, for instance, would it be advisable to day trade in a sideways channel or consolidation? Or does it have to be in an uptrend (or down trend)? If it’s in a trend, does it have to be right at the beginning of the trend that you get in to make it worthwhile? Also one more important question I have is, which time frame is most suitable for day trading? I know it would be something less than the daily candles, but which?

Do you only ever trade WITH the trend?

Since the market will only ever either be moving up, down or sideways, and you don’t ever short the market just “go long”, then would that mean that you should only trade within an uptrend, and be looking for good entry points during an uptrend?

If I find a strategy that works, what then?

Say if you’ve come up with a technical analysis strategy that consistently works for you, is there any need to be trying out or looking for new strategies? It just seems like there are thousands of different unique strategies out there.