But if you specialize so much in two pairs and then those pairs go into consolidation for weeks, isn't that harmful to your operation?
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But if you specialize so much in two pairs and then those pairs go into consolidation for weeks, isn't that harmful to your operation?
I appreciate your focus, especially the emotional management analysis, I felt identified and I'm going to try operating just two pairs for a month.
Very interesting your comparison with chess. I hadn’t seen it like this, but it makes a lot of sense. The depth exceeds the amplitude.
I would say that style also matters. In scalping, two pairs are enough. But in swing trading, having more options can be useful to filter more quality opportunities.
Reducing pairs worked for me alone when I also adjusted my scan routine. Otherwise, I just stared at the screen without knowing what to expect.
I am not so convinced about operating fewer pairs. In my experience, having a comprehensive watchlist and choosing the best setup of the day has been more profitable.
When I read this I understood why it was so difficult for me to move forward. I was scattering my energy among too many things.
And how do you choose those two pairs, based on volatility, patterns, or just custom?
What you pose makes a lot of sense for small accounts. In large accounts, with more diversified risk, sometimes it is better to have cross exposure.
The analogy with chess seemed brilliant to me. I come from poker and there is a similar phrase: "better to be expert in a mode that mediocre in all".