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Having more than 1 trading system

QuestionsCategory: QuestionsHaving more than 1 trading system
Nghia Doan asked 1 year ago
Hi Pat. In Dr. Van Tharp's book, he says there is no trading system that can work well in all market types, so traders need to determine the current market as well as having a different system for each market cycle. So far in this choppy volatile market, a lot of breakout setups fail and stocks end up retrace back to their pivots after a few percents move, except for very few names like NVDA that I missed. I want to ask why you mostly focus on simple flat base breakout even in this type of market without changing/having another system?
1 Answers
Avatar photoOwen Staff answered 1 year ago
Hi Nghia, Pat made this video for you...