For your strategy to start making profits, it takes time, patience and discipline, no matter if you bought it or developed it yourself.
To see the weaknesses and strengths of the strategy, you need to test it, and this means strict adherence to the rules for a long time.
At some point, a situation may come when it is worth abandoning the strategy to develop further.
But when should it be done?
That’s what I want to talk about today.

How to understand that the strategy is outdated and it’s time to get rid of it?
Here are four signs that it’s time to ditch the strategy:

1. Inability to follow the rules

Any strategy implies rules to follow.
Take a look at the list below:
it is too specific;
It is extremely uncertain;
It’s too complicated;
* It contains a lot of elements/rules.

If your strategy contains these elements, it’s probably time to get rid of it.
The strategy must not be too complicated, otherwise you will not be able to use it. At the same time, it must be understandable.
If you don’t understand your strategy and can’t change it, make it easier, then it’s time to throw it away.

2. You spend a lot of effort and end up with nothing

Do you sit in front of a monitor screen all day, all week?
Do you compare a large number of indicators to confirm the signal?
Does your strategy require turning on the sun and reciting the alphabet in reverse order at exactly 5:30 in the morning?

If you find it inconvenient to use your system consistently for long periods of time, or if you think it brings about the same amount of profit points compared to not using it at all, then it’s probably time to look at other options.

3. You lose more than you win

This applies to those who prefer to buy ready-made strategies from other people.
Although not all strategies available on the market are “divorce”, the chances that you have chosen one of them are very high. If your signal provider generates more various signals to enter and exit the market each month than actual profits, then it’s time to admit your mistake.

The same applies if you use your own system, but pay a lot of money to subscribe to some data; You should also think about replacing your strategy with another one.

4. It just doesn’t make a profit

There is not much to say here.
If you have shown due diligence and have tested your strategy, you have tried to review it, adjust it and launch it in various market conditions.

If it still won’t bring you profit, it’s obviously time to move on for a new strategy.

Thank you for your time, I hope this helps you and your negotiation.

Leave a Comment