In trading, patience is key. Waiting for the news and then the reaction to the news is also key. Waiting for the market structure to reveal the change in momentum means that you don’t necessarily get trapped. But to think that all of the above will guarantee success is foolish. Having a large winner pay for the losers is the way to go, so having a Risk Reward Ratio greater than 2 is the real way to make money in the long run.
For more trading details, please check the hyperlinks with time stamp indicated from the video: