I've been studying the markets very casually for a few years now.I understand the components of price action. My questions are as follows
How do I use my knowledge of price action to weed out the bad trades
(do I just count how many components: such as volume and wicks are for or against me )
When I do back-test how do I differentiate a Bad trade from one that just went against me?
How do I find or create profitable strategy
(do I keep jumping from strategy to strategy until i find one that is profitable, or do I take one strategy and back-test it review my mistakes and repeat until it is accurate? )