Hi Guys,
I have been trading around 4 years with little success and then last year was my first positive year. Mainly because I stuck to 2 strategies - a daily and H4 strategy.
This year I stuck to the same guns and were successful so far. Since our lockdown because of Covid-19 I have ben trading of signal providers as well because of a little more time available during the day at home. Using my 2 strategy and some signals I managed to double my account in June which is nice but think that I might be overtrading my account. I am used to longer term strategies so intraday strategies are still a little daunting for me - things happen a lot more quickly.
How many strategies do you guys trade from? Do you have a long term (daily) strategy and then a M15-H strategy for supplement the long term strategy? Is there a recommended number of strategies? Does it depend on myself on how many strategies to work with?
For now I trade to increase my balance. Eventually I would like to trade for an income. Using compound interest from my current balance it looks like another 4 years before I can grow my balance and then withdraw an income.
Apologies if this has been answered in another thread. I tried looking for one but have not found it yet. If there is another tread I will gladly go through it and then ask my questions there or here.
Regards,
Kakmaker
I have been trading around 4 years with little success and then last year was my first positive year. Mainly because I stuck to 2 strategies - a daily and H4 strategy.
This year I stuck to the same guns and were successful so far. Since our lockdown because of Covid-19 I have ben trading of signal providers as well because of a little more time available during the day at home. Using my 2 strategy and some signals I managed to double my account in June which is nice but think that I might be overtrading my account. I am used to longer term strategies so intraday strategies are still a little daunting for me - things happen a lot more quickly.
How many strategies do you guys trade from? Do you have a long term (daily) strategy and then a M15-H strategy for supplement the long term strategy? Is there a recommended number of strategies? Does it depend on myself on how many strategies to work with?
For now I trade to increase my balance. Eventually I would like to trade for an income. Using compound interest from my current balance it looks like another 4 years before I can grow my balance and then withdraw an income.
Apologies if this has been answered in another thread. I tried looking for one but have not found it yet. If there is another tread I will gladly go through it and then ask my questions there or here.
Regards,
Kakmaker