This question depends primarily on you personally.
It depends primarily on your psychology.
You view the chart while you're not trading, and you view the chart while you're opening a buy or sell order from a completely different perspective.
When you view the chart while you're not trading, you may see the chart clearly, see the optimal entry and exit points, and be psychologically prepared, unconcerned with loss or gain.
But when you look at the candles while you're opening a buy or sell order, sometimes you're driven by ambition, hope, and even greed.
You want the candles, you're moving in the direction you're heading, and you don't see how much you'd lose if things reversed.
How long will you tolerate the red color until closing? How many dreams will you have until your order turns red to green?
Becoming rich here depends primarily on you personally.
How much profit will you be satisfied with, and how much loss will you be satisfied with, and then you'll close the order.
Here's the important thing:
Let's say we've opened a buy or sell order.
Let's set a stop-loss and a short-term target. You'll know how much you'll lose and how much you'll gain. Then, close the screen and return in a few hours. You'll have achieved either of the two, with a known percentage, whether a profit or a loss.
But if you look at the chart and watch it, you'll be driving yourself to destruction.
Either you see the profits and increase them, adding more money to the order.
Or you see the losses and support the order with more money, hoping for a rebound. Or, in the worst case, you close the order before reaching the stop-loss, which it may never reach, and the order will rebound.
The bottom line:
Control yourself and you'll be rich here.
