for me it's difficult to apply, I don't really understand various trading terms. for me trading is an art that prioritizes instinct and experience. that's all for me very helpful
Not only you who think it's difficult, everyone thinks it is. Since it's difficult we need many references to decide what to do. As you mentioned, instinct and experience, we surely need that. However, it's not enough, that's why fundamental and technical analysis exist. We're combining all of this to get closer for the right decision so that we can minimize our loss. Trading requires deep thoughts and analysis.