Did you know that if you don’t know what is the right time to enter the market, you never make a profit? Most novice traders enter the market when half of the profit goes away. If entering late in the trend, your winning rate is less than your profit-loss ratio. Before entering the trend, first ask yourself why you are waiting, what the best spot to enter, and what the risk-reward for the entry point. For profitable trading, you should practice these questions.
How to enter
- First, verify that the trend line is broken.
- The call break never touches the value of the previous high.
- The trend line breaks the previous high or low.
If you look at the graph, you can understand that there are three points to enter in this trend. The winning rate and profit margin change at every point.
In the above figure, there are two positions to enter into the trend, and your winning rate and profit margin change according to the entry point.
Different positions have different winning rates. When you have entered, your profit and loss ratio changes. The right time is always based on your practice. Thanks for reading this article.
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