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How many methods do you focus on?


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How many methods do you focus on?

  #1 (permalink)
 jonc 
australia
 
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Over these few months, I have came out with a few methods of trading which I feel are suitable for me. They require me to have more screen time for better execution and probably refinement.

I'm not quite sure if I should just focus on one of the method or try to work on all of them. All these methods require me to have full attention.

The answer seems obvious - I should focus on just one method for now. Then my question is which one?

Do you guys deploy multiple methods for your trading or you just focus on one?

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  #3 (permalink)
 MetalTrade 
 
Posts: 1,055 since May 2010


I will say something weird: I have traded systems that are profitable that I didn't feel good trading.

Choose the one with the least indicators :-)

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 max-td 
Frankfurt
 
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choose one methode first

then get a master of this setup! and i mean a real master !

then you can decide if your masterstuff is enaugh or if you are interessted in adding another method / setup .

thats the way i use to handle that.

max-td
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  #5 (permalink)
 jonc 
australia
 
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MetalTrade View Post
I will say something weird: I have traded systems that are profitable that I didn't feel good trading.

Choose the one with the least indicators :-)

lol, all the methods only have moving average as indicators. They differ in the instruments, profit targets/stops, approach - scalping/ trending.


max-td View Post
choose one methode first

then get a master of this setup! and i mean a real master !

then you can decide if your masterstuff is enaugh or if you are interessted in adding another method / setup .

thats the way i use to handle that.

I am still undecided between 2 methods - one is scalping the other is trend following

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  #6 (permalink)
 MetalTrade 
 
Posts: 1,055 since May 2010


jonc View Post
I am still undecided between 2 methods - one is scalping the other is trend following

What do you do if you have to choose between 2 girls ? And you have absolutely no clue which one ?

Right, go for the one with the biggest tits.

Same in trading IMHO.

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  #7 (permalink)
 
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 cbritton 
Atlanta, Georgia
 
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max-td View Post
choose one methode first

then get a master of this setup! and i mean a real master !

then you can decide if your masterstuff is enaugh or if you are interessted in adding another method / setup .

thats the way i use to handle that.

Could not have said it better. This is exactly how I started out. Filter out the noise from other indicators/systems/what people are saying and just focus on one setup at a time. Your confidence in trading will increase. Then integrate other setups into your routine.

Regards,
-C

“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” - Sun Tzu
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Last Updated on December 15, 2010


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