Supposed if there are chances of rain. The best way on my opinion is go outside and look up on the sky... Your experience will tell you, and you may consider bringing an umbrella when you leave.
If you run the risk of going without any umbrella, your eyes will be constantly looking to the sky, and your subconscious will be looking for a place to stop to avoid you of getting wet. However... if without any fear, you will probably get there somehow. It’s the probability of making it over, and over again that could put you in trouble on day!
In the other hand... if you are not sure if you made the right decision of not bringing the umbrella, and supposed the sky is dark, and the weather getting worse, the fear that you have will cause you discomfort, and then large chances of arriving late, loose your glasses, forget the phone in the bus, and get wet as well.
Trade what you know, trade safe, trade with no fear!
The importance of the “Take Profit” is very much ignored by the majority. When it comes to difficult decisions, traders simply prefer to pull the break-even instead of taking any decision. Why?
I prefer to take very good care of my profits by putting them on my wallet instead of letting them loose on the market, mostly because of the manipulation! For those manual traders, like me for example, the “Take Profit” decision could be easy, or sometimes still uncomfortable. However, I’m forced to close the position due to my trading system. When I enter in a deal, I have to have a plan to make “2 or 5%”, and after concluded we should look for the exit. Tomorrow is another day, or soon after tomorrow we will repeat the same technique as there is no reason to stay longer on a deal if your goals were already achieved.
Putting the money into your wallet should not stress you, as if so, you should review your trading system.
The truth is: on my opinion, EAs were created from big manipulators bad influencers. They expanded it in a way that so many traders are now being spied on. Most of the “back-testings” are showing big profitability without stops, and off course “Martigale”. Easy control! Having a 60% of drawdown on the Demo account is definitely different than the Real. On the real life... carrying a big draw-down... you must be prepared to face a big battle with the market, as there is a tendency that the market will force you to take decisions causing you more stress, and by putting a lot of traders worldwide into a situation, more than 90% end up making big mistakes.
You must know your technique well, and especially when things are not going well.
Do they really know what they are teaching about Forex? Do they really make money as much as they talk? Well, on my opinion, some of them are very profitable, but you must figure out what they are selling on their channel before making any action, since most of them are paid for the propaganda. Sometimes they teach you techniques that they don’t even use for themselves; cause of the “Forex dependency”, so many traders are now behind on their investments that any topic would hold you in front of a video! I'm not watching videos for a while. Perhaps you can find this helpful. If not please just disregard it.
The “Perfect Trade”, on my opinion, has volatility to execute partial take profits, and eliminate the risk by bringing the stop loss to the break-even. It comes once in a while emerging by a combination of signals... Interest zone, right time, and level are the characteristics of the best deals... The event could be expected, but the more obvious it is, less perfect it will be.
The “Perfect Trade” could be unpredictable, but it is expected for a couple of days. Techniques of scalping could be used to optimize it, but it’s not necessary. We never know how rapidly the market will respond to your study, but probability is your friend.
While 90% of the "day-traders" worldwide are looking for the majority standards, or where the “independent traders” will place their orders, there are other groups of players looking for the “Perfect Trade”, which could be against you, and possibly traded with huge volumes. You can still be profitable in this scenario, however a small win becomes a hard work, while the unexpected big losses becomes more likely.
Learn how to deprogram our mindset imposed from bad influences it's a difficult exercise. Sometimes following a signal from someone who really knows its own techniques could be the best re-start on your way of thinking.
Interest zone, longer time frames, ratio are key important. Identify when you are in the wrong spot is also crucial; break-even could be your enemy. Manage losses, give it a time, and minimize risk are signals of jumped into the wrong trade. Repeat the same techniques is your duty. Fibonacci “if” applied well = significant wins.