I have learned to wait for my setups to play out before executing any trade as A single trade a day is enough.This has enabled me to make an average of 2.5% per trade with a win ratio of 75 to 79%.I have tested my new strategy on my using a trading bot on my bybit account to effectively scalp the market and I have already made 22% in 10trading days.
So I have learn to wait and not force trades.
I think it's a good practice to enter on the lower timeframes e.g. 5 or 15m to have more exact entries while looking at the bigger picture of price action . As well keep monitoring the lower timeframes in case things start to turn against you before it starts moving to the direction you initially for saw. Its not our Job to predict where the market will go, Its our Job to trade our setup whenever it presents itself which is the discipline many traders lack.
I can definitely attest to this! I recently became became addicted to alway opening multiple positions using lower time frame and what I noticed was different TF plays out differently but the big picture still remains constant as the TF i was using! I was so focused/stressed using 1/5/15/30 TFs and trying to catch every single possible which ended up getting me burnt in and out and when I was close to passing one of my challenge account I became greedy and over confident and breached the account It's tough staying on point with smaller TFs. I started focusing on 4hr and Daily TFs and just following the bigger trends has been so much better. Moves are much more slower and take time but when you enter its more clear and way less noise! Following the whales you guppies as They always throw us some scraps as long as you follow trading the big picture.
