The point of this thread is that the entry is the most important aspect for a retail trader.Simple as that.What else you were thinking for year of?
Everyone has one or two opinions on same topic, and years of experience come into play where you finally just have one, there is less to question, might not always be right, so long as it is right for you.
ENTRY -what is the timeframe? If you scalping for 1-3 ticks, entry is most important than risk cause risk generally going to be more than reward and if too late to party, YOU HAVE to pass on the trade, if we speaking of day trading entry can be a little looser by 1-2 ticks cause one is going for points and not ticks, if on dailies so much less of perfect entries cause going for so much more and weeklies, you going to try same in months to years. So entry is on a sliding basis of perfect entries to much less than perfect, and opposite on long term to scalping as far as percentages of tighter risk for long term to looser for scalping. But this is my opinion and experience.
Biggest problem I believe for many who enter trading is caring about how to get in where they should think of risk and percentages of losing. How can the trade get as close to zero risk should be on the mind of aspiring trader but they are thinking of wealth acquiring. I certainly went down this path to learn how to day trade. Also, you have to be guided by your personality to methods you trade, I learned late when it came to risk, not to say after I learned how to live with myself during trades and have done decent, but for me learning risk and how to get possible risk as low as one can get long term.
Once you get past the jitters of waiting as per your own rules, then you can breath again.
For me "BLASH and SHABL" can make money and so can monkey throwing darts at beginning of Bull market.
