01-17-2012, 02:57 AM
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#18 |
Join Date: Jan 2012 Thanks: 32
Thanked 128 Times in 111 Posts
| Re: Why Won't My Strategy Work?!?! Strategies fail:
Because they are not good. The most common reason which makes them fail is they can't adapt to the change in market behavior. If you test your strategy for only trending markets, it is obvious that you will fail when you trade in a ranging market
Because trader does not have the necessary knowledge or personality. Everybody can be a trader but being successful trader is totally different. If you don't have the nerves to trade your strategy, you will fail even if strategy works
Because you don't choose the right strategy. Knowing and applying that knowledge on the field are 2 different things. If your patience only allows you to scalp, then you will lose when you choose a strategy that works on larger time frames
Because you are dreaming to be rich without learning how to trade |
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