Jack Of All Trades VS Specialist Trader VS Mastery

[DrEvil]

I started in equities and commodities, blew half my account switched to FX was very successful and I am now considering starting to trade stock index futures. Is it better to be a jack of all trades or a master of one ?

Slightly off topic, but was it the equities or commodities or both that led you to blew half your account? I find it so much easier to make money in equities than FX or commodities.

 

[MarkBrown]

master one market - diversify trading it utilizing non-like methods. short term counter trend model, long term trend model, option model,,,,

 

[Fundlord]

Slightly off topic, but was it the equities or commodities or both that led you to blew half your account? I find it so much easier to make money in equities than FX or commodities.

Equities but It was because I was getting killed with commissions since it was a 1000$ account. Paying 20$ a trade for commission I was up overall though.

I do trade gold along side currrencies though.

 

[curiousGeorge8]

There's nothing inherently risky about trading multiple assets.

Thank you for your insight. Agree that there is nothing inherently risky about trading multiple assets. But I prefer to have higher returns with the same risks rather than the same returns but with less risks.

To manager correlation risks, I am thinking about rebalancing everyday according to the latest correlation numbers. Wonder if someone is already doing something like that?