I am facing a huge problem in trading because I am not being able to recognize these huge dumps. Can anyone help me out on how they predict such falls. I know that one cannot be 100% correct, but I will be thankful if you share what you use to identify such falls.
If anyone had figured it out, they would easily become the richest person on earth. For example, If you started with just $100.00 , and you could get just 1% per day, every day ... after day one you gain $1. and would have $101.00, after day two you would have $102.01, after day 3= 103.03 after day 4= 104.06, after day 30=134.78.....after day 365 (one year) you would have $3778.34......after day 730 (two years) = $142,758.66...and after day 1095 (three years) = $ 5,393,912.46 .....and after 1,460 days (just four years) you would have 203,800,537.23. after five years = 7,700,284,215.44. (Of course you would have had to pay some serious taxes!)
The point is, no one has really figured out how to avoid these losses like you want to. You could set stop losses every time you get a few percent so you lock in two percent? I see you are on the 15 minute chart. For me, that seems like a lot of trading work, you could take this knowledge as proof that tight in-and -out trading is usually not as profitable as longer trading. Everyone who plays the game takes some of these losses. There is some great learning here on trading view-... but you can see everyone get burned sooner or later. My favorite traders here wait for a good set up, and then, and only then, pounce on the solid trade trying to get a good 10% gain or more. Good Luck!