As a trader, it’s your job to find an edge.
There’s quite literally an infinite amount of strategies, systems, and indicators you can integrate into your process.
But, at the end of the day, mastering just a select few will likely generate alpha as opposed to creating inconsistency in your approach.
Think about it: If you go to the gym, you have a structured program. You don’t go to the gym and aimlessly decide on random exercises. You have a rigid plan that you’re going to build on top of the lifts you did the workout before.
Trading’s the same.
You don’t need to switch between every time frame, make every decision using a different indicator from the last, or follow someone else with different objectives from yourself into our trade.
You find repeatable setups where you can find your edge.
For instance, you may only trade in the aftermath of liquidity cascade events that take place a handful of times every year. Mastered well enough, a few well-calculated trades in similar conditions can make your entire year.
In day-to-day life, being a “Jack of all trades, master of none” might serve you well.
But, when it comes to trading, I’d argue the opposite’s true.
At our shop, we have a K.I.S.S (Keep It Simple, Stupid) approach to a good majority of our trades.
We can reduce 95% of all our trades into four setups. These are the setups that work best for us.