What does it mean to know enough? It means you eat, and then you stop. Do not continue to watch the chart after you have eaten, hitting both sides. It will create a habit like an addiction. At some point, the market will take back everything you have.
That’s my personal opinion; everyone has their own way to win, and I do not generalize everything. Winning means having money and keeping it. The definition is just that simple.
I take small trades when I am not sure of a win rate above 60% (no one dares to boast that they will win 100%). Larger volume trades with a 70% win rate. When I have profits, I cut 90% and set a stop loss right away. Usually, I take trades of 7-8 units, and then the price comes back to hit the stop loss :))) On big winning days, I don’t get hit and just keep going.
Remember, as long as there is money, there is still opportunity. Keeping money well leads to victory.
I share my way of playing. The yield is not high, but it is stable.
And remember, always open a Long position; it has an advantage over Short, but Short is easier to win or lose than Long. Many experienced traders will completely give up Shorting. I find it unnecessary. Sometimes trading needs a little stimulation. But just don’t burn out.
Thank you #Binance and #BinanceVietnamSquare .