No trading strategy is universally good. Every person has a different trading style and experience and so strategies differ accordingly.
There must be universally good strategies out there. If a strategy is truly good and profitable then it will work for all users
Don't you think if this is the case then that particular strategy would have been really popular by now
No. Because if someone has a working system that is applicable to all market conditions, they aren't going to tell anyone about it. Or at least not the full details of it. But even if they DID tell everyone, do you think people would actually pay attention and listen? No of course not, because most people over complicate everything in trading and are always looking for 'fast cash' and 'the holy grail' and trading.
Here.... How about this, I will tell you the EXACT SECRET that everyone overlooks when trading.
This is 100% applicable across ALL market conditions.
You want to know the secret of profitable trading? STOP MAKING BAD TRADES.
The market only do one of three things. That's it, it can't do anything else.
1: The market can go up. (BUY when this happens)
2: The market doesn't do anything substantial. (DON'T TRADE NOW)
3: The market can go down. (SELL when this happens)
There isnt any 'elite secret' other than 'STOP TRADING BADLY'.
Use proper risk management.
Automate where possible.
Trade 100% without emotions.
Use realistic and reasonable STOPLOSS settings.
Use realistic and reasonable TAKEPROFIT settings.
Yes it IS this simple. People over complicate EVERYTHING in trading because honestly they have no idea what they're doing most of the time. Just stop trading stupidly, that's it. Nothing more.
If you use proper risk management, you can become profitable.
When an account gets blown, it's entirely the traders fault.
The EVENT that caused the loss of the account is irrelevant.
The fact that the account is blown IS the traders fault because the account was not protected properly.