#MyStrategyEvolution The journey of a trader is rarely linear; it's a constant process of learning, adapting, and refining. My own #MyStrategyEvolution has been a testament to this dynamic nature of the markets. Initially, I gravitated towards breakout strategies, finding success in capturing strong directional moves. However, as market volatility increased and ranges became more prevalent, those same strategies began to falter, leading to frustrating whipsaws and drawdowns.
This period forced me to re-evaluate everything. I started meticulously journaling trades, not just for profit/loss, but for the underlying market conditions, my emotional state, and the specific setups. This rigorous analysis revealed that my previous approach was too rigid for the shifting tides. I began to incorporate more mean-reversion tactics for range-bound markets, learning to identify key support and resistance levels for optimal entry and exit.
Furthermore, I realized the importance of multi-timeframe analysis. What looked like a breakout on a 15-minute chart might be just noise on the daily. This insight pushed me to consider the broader context, aligning my shorter-term trades with dominant trends or clear consolidation patterns on higher timeframes. My risk management also evolved, moving from fixed stop-losses to more dynamic ones based on volatility, using indicators like Average True Range (ATR). It's an ongoing process, but this adaptability has been key to navigating different market cycles and building resilience in my trading.