The first 1% is about entry and stop loss points. The secret of where to enter is always a topic of discussion, speculation, and searching for ways to identify this critical point. This difference will lie in the fact that an entry belonging to 1% will have less negative status; the price will move quickly and strongly, allowing enough time to consider whether to move the stop loss to the entry point. Once you have the entry, determining the stop loss becomes easy with apps that calculate account percentages. Explaining why the entry is there cannot be done in just a few words; it comprises a series of thoughts about the market and what has happened to deduce what is about to happen. This is called forecasting where the price is headed. The tighter the reasoning, the more convincing it is, and the fewer loopholes it has based on objective grounds rather than just self-interpretation, the higher the winning percentage will be. If you listen and feel convinced and no longer have doubts about your own logic, then that is the correct entry, at least correct for you at that moment.
1% belongs to take profit; the secret of profit is very important because this secret comes from the observation and experience of the trader. This secret lies in knowing what phase the market is in. Every time a candle closes, this secret changes, which is why you often hear professionals talk about TP1-2-3. This secret of take profit already includes the skill of holding onto profits.
1% belongs to the 'sacred order fire' - I jokingly call the act of adding orders the sacred order fire - priority orders. This 1% enhances the chance of winning with the current order, which is already difficult. Adding more orders demonstrates absolute confidence in the final outcome (considering the time of placing the order; the result is still unknown). However, the mindset to dare to add orders on the way to the take profit already puts you 1% ahead of others.
1% belongs to the concept of 'drinking tea'. Drinking tea is a koan about meditation; the act of drinking tea and not caring about the market, no matter how it performs, for a certain period like 2h, 4h, or 12h depending on the trading hours, is an extremely difficult task. Not turning on your phone or laptop to check the prices while still having open positions is the hardest part when there are still orders running. You should try to see if you can cultivate this skill.
The final 1% belongs to the skill of 'restoration'. Ending a trading cycle and resetting thoughts and mindset as if you had never entered the market, completely detaching from the market, and reapplying old trading thoughts combined with new lessons from the previous order for the next trading entry.
#Write&Earn