1. Step one: understand yourself.

How much trading time can you spend per day, how long to hold is comfortable for you, how long can you wait for the next entry.

For example, you can wait a few days to enter the position, maybe you will trade swing if you want to enter orders almost every day, day trading, if you can not stand waiting for more than 1 hour, it is probably scaling

2. Step 2: understand people.

After getting to know me, this is when you learn about your partner, don't think trading is like a war, find it more like dancing. If you often step on your feet, she won't dance with you anymore, if you regularly go against the market, you won't have money left to continue trading.

At this step what to do is preliminary statistics. There are many statistical data available, for example, wave theory, Fibonacci. You need to make your own statistics.

For example, you decide to trade on the M5 chart after step 1. Now you need to do a statistic:
  • With an M5 chart, a trend usually has how many waves, maximums, and minimums.
  • Push waves are usually pips in length. Trend trading is a common way, so it's a good idea to have a statistic about the lengths of the push waves and corrections.
  • For example, you see 1 wave 8-10 pips in length. So your profit target will be less than 10 pips if your pp is aiming to take 1 wave, the target is less than 1
  • 20 pips if they eat a full trend with 2 push waves.
3. Step 3: advantage seeking or simply a high probability pattern.

4. Step 4: Pattern trading with a high probability of winning with small positions and waiting for the sample set to be large enough to make a profit.