A short YouTube talk advising traders not to abandon a strategy the first time it fails. The speaker emphasizes diagnosing why a strategy stops working — trader error, changing market conditions, or luck — and adapting or testing strategies across different market regimes (flat, ranging, accelerating, gap days) before discarding them.
Now I see traders that have a good understanding of the markets. They have an edge. But whenever their strategy or edge stops working, which is normal by the way, they immediately abandon that strategy. You need to understand what market conditions are these strategies viable for. Maybe they're viable for all market conditions. What approach do I have to change in my trading if the market gets flat, if the market starts to range bounding, if the market is accelerating, if we have gap up or gap down days? So if you do have a strategy that has proven some results, do not abandon it the moment it stops working. Instead understand why it's not working. Maybe it's you, you're just putting on bad trades. Maybe it's the market that's adjusted. Or maybe sometimes the strategy was never really a real strategy and you were just getting lucky. That could also be it, right? But it's your job to identify which one it is and actually put in the time and effort to understand these components.
