How to know when to enter a position?
The most important thing to enter a position is to be aware that you must have a fixed scheme by which you must always rule. You can not enter randomly.
The first thing you should do to test your scheme there are demo accounts in several pages that allows you to make fake tickets so you can win or lose without risking your capital. You must be aware that it is not the same to risk your capital that it hurts if you lose it to lose something that does not exist.
As I have said the most important thing is the discipline to be always in the same lane and for nothing in the world to get out of there because if you fail you must register because you failed as if you win you must register because you won.
Everything has a reason and with that data begins to create a table of the number of entries you make which are failed and which you guessed right. With that you can say how effective your scheme is by placing your good entries among the total of all and there you get a percentage that will be your level of effectiveness.
How to know how effective you are if you earn more than 40% of the entries you are effective and your scheme is well planned but you must make adjustment in your scheme.
In the next post I will talk about how to make a scheme in trading? What you should have and how to be guided
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