Adrian Reid addresses how many trading strategies a trader needs: he advises against trading a single strategy and recommends having a portfolio (at least five or six strategies). He notes his firm/system holds about 27 strategies but he does not trade them all; he personally has additional strategies and hundreds of untested ideas, developed over ~25 years of trading.
Do you need more than one strategy? No. You could trade one strategy. Would I recommend it? No. Is 10 strategies better than nine strategies? Probably. It depends on which strategy. Right. You add on. But having at least a portfolio of five or six strategies puts you in a really good place. And I think, you know, can you take the 27 odd strategies that, that we've got in our system and build a solid portfolio that you could be really proud of and happy with and confident in? Yeah, absolutely. But when you get to that point, will you be inspired and interested probably to develop your own strategies and keep working on it and close some gaps also? Probably because it's kind of becomes who you are. But if you don't want to do that, that's fine, you don't have to. But like, I've been doing this 25 odd years, I still play with new ideas.
I've got a whole, I mean, in my, in my onenote on my phone, I have hundreds of ideas that I haven't yet tested because you see stuff and you go, oh, I wonder if that works. Or you see a particular market behavior and go, oh, I could develop something around that. Or you read something on Twitter and go, oh, that's interesting. I haven't tried that before. So do you need more than the 27 we've got? No, you probably won't even trade the 27 we've got because I don't trade them all. I trade many of them, but not all of them. Because the way I've constructed my portfolio for me, for my objectives, I don't need to. But I have others that are not in that 27 that I do trade. Hope that helps.
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