REFERENCE: Definition of a sideways trend – Vol 2, Ch 3, Pages 99-102
Not all trade setups are equal.
You need to collect and review your stats to determine which setups provide your A+ MUST-NOT-MISS potential opportunity of the day.
For me, the first pullback in a NEW directional trend is one of these MUST-NOT-MISS setups.
No, they do not always profit. And sometimes they offer profits, but I mismanage the opportunity.
But when they do run and I perform well enough to catch them, the profits can more than make up for any other failed attempts. As always, we profit over a series of trades. Individual trades are irrelevant.
Check your own charts, in your own market and timeframes. Note any sideways trend environments. Find a breakout which occurs with some strength, which holds the break. And see if you can also find edge on the first pullback into this new directional trend.