Why You Don't Need the "Perfect" Price in Trading and a More Effective Approach

One of the biggest mistakes that many traders make is trying to find the "perfect" price to enter or exit the market. They hope to sell at the highest price or buy at the lowest price, but this is almost impossible to achieve. The market is always unpredictable, and chasing this perfection often leads to disappointment and missing out on many opportunities. Instead of trying to achieve perfection, a smarter approach is to plan trades based on reasonable price levels. Identify important price levels on a larger time frame To get a better overall view, focus on identifying key support and resistance levels on higher time frames such as H4, Daily, or Weekly. These price zones are often where the market is likely to reverse or pause. Instead of waiting for exact prices, you can use these price zones to make more flexible trading decisions. For example, if you are waiting to buy, instead of placing a buy order at a specific price, split your transactions into smaller orders within the defined support range. This is called scaling in. Similarly, when exiting a trade, you can split sell orders within the resistance zone to ensure you don't miss out on profit-taking opportunities when the price doesn't reach your expected high point. Splitting orders: Minimizing risks, optimizing opportunities One of the greatest benefits of splitting orders is to minimize risk and create flexibility. Scaling in: Instead of placing all your capital at once, you can divide it into 2-3 parts to gradually buy when the price approaches the support zone. This helps you avoid psychological pressure if the price continues to drop slightly after entering the order. Scaling out: When the price reaches the resistance zone, you can sell in parts to ensure profit. Even if the price does not reach the highest peak, you can still close with a profit from good positions. This approach allows you to adapt to market fluctuations while avoiding the regret of prices not moving as predicted. Avoid the "perfect trap" and act promptly A common issue that many traders face is waiting too long to find the perfect price. In reality, the market rarely moves in a straight line or follows absolute predictions. By waiting for a specific price, you may miss out on good trading opportunities when the market only comes close to the expected price and then reverses. Instead of setting all expectations at a certain price, act based on potential price zones that the market is likely to react to. Even if you can't buy at the lowest low or sell at the highest high, as long as you capture a significant part of the price movement, you can achieve steady profits. Focus on consistency rather than perfection In transactions, perfection is not a prerequisite for success. What is more important is that you need: Risk management: Set a reasonable stop-loss level to protect capital. Plan ahead: Identify key price levels in advance and plan entry/exit orders clearly. Maintain flexibility: Don't be too rigid with a single scenario. The market is always changing, and your strategy needs to be flexible to adapt. Conclusion Instead of chasing unrealistic perfection, focus on risk management, reasonable trading plans, and consistency. By acting based on price zones rather than a specific price level, you will reduce psychological pressure, increase the chance of success, and avoid missing potential trade setups. Remember, in trading, you don't need to be perfect to make a profit, but patience and discipline are essential factors for you to go far.