Master one simple technique. Understand why it works and how it could be improved. Maximise its returns.
That's my opinion too, except that for me the word "simple" should be removed, as my experience is that "simple" does not exist if it should be performing above average, and work in any markets.
It took me almost a decade to completely fine tune my first, and only, trading system. First many years to build the basic version, and then again many years to improve, remove, rethink, reanalyze, retest the trading system, and to learn how to trade it quickly (discretionary) and faultless.
So I always wonder how people can build a few powerful trading systems. Each system should be build on another strategy, if not it is just another derived system that just uses a few other parameters. Developing a totally different trading system is very time consuming and needs a lot of creativity and inspiration to avoid falling back on the previous trading system.
I always think it is like telling “I am a good tennis player” and” I play basketball good too”. But the question is: what is “good”? For me it is clear that for many here it means that you can beat your neighbor in tennis or basketball, but for me “good” means play tennis or basketball in the top 20 of the world.
That probably explains also why many here don’t believe me if I would post my performance. They have another definition of “good” and maybe never went as far as I did. So they never exploited all the potential of what is possible.
PS: I have one trading system but it covers all kinds of markets. So if I would split it in different trading systems I would in fact also have several trading system. But I put everything in global system that covers all kinds of markets and trends ( or non trending).
