It literally means make ur entry most difficult…
Plan ur entry as per favourable risk reward and and place it only if it’s not stressing your position sizing. For eg. Say RR is atleast 2, capital utilized is only say x% of total trading capital, u r not fighting with primary trend and many such other restraints which u may want to watch out.
Let potential opportunities go by if it’s not satisfying your set trading parameters .
Don’t take position just becoz u feel like trading and then realized that it’s hurting or there were better opportunities than this.
For eg. Let’s say my trading capital is 1 lakh
I will take trade only for max 10% allocation. So max 10k allocated to any single position taken… some rule of this kind as a restriction.
Now I will use either price action or some of the technical indicators to enter trade or if investing check for fundas of the scrip to judge whether it’s below its fair price or no.
So on each step m weeding out the non compliant ones and keeping only d criteria fulfilling scrips. Finally I see RR and enter in d best selected and hope that trade turns favourable. Keep a decent stop-loss and exit d trade if tgt is hit or if my entry conditions no longer persist…
All this is easy said than done and many a times we compromise with abv rules. Then blame d mkt…
So point is its only we who can make ourselves successful or loser… All d best