Here’s a common question I get:
“Why do you need to create so many trading strategies?”
Some traders think they just need 1 or 2 trading strategies to make a living, and any more is a ridiculous fantasy.
Some trading “gurus” even spread the rumor, implying their trading strategy is perfect and you don’t need anything else.
This couldn’t be further from the truth.
It’s a myth.
Having just 1 trading strategy, or even 2 or 3 isn’t enough. It’s a great starting point but not the place to stop.
Why?
Simply because strategies fail.
There is NO perfect trading strategy.
The markets are constantly changing, and there’s no guarantee a strategy that worked well in the past will continue to work, but…
There IS a guarantee a strategy will be less effective at some stage. Maybe even to the point of complete failure.
I’ve seen traders so emotionally invested in a strategy that they couldn’t switch it off when it stopped working. This can mangle your mindset and trample your trading account.
So, do NOT fall in love with a strategy.
Instead, fall in love with the process.
When you can consistently generate more strategies and have lots ready to deploy, trading becomes much easier.
Become a strategy generation machine and you’re on the way to unstoppable trading.
