How do you pick a trade when there are many setups?"
I rank them. First, does it match the higher timeframe direction? Second, is there a clear level for my stop? Third, is the risk-to-reward at least 1:2? If a setup fails any of these, I skip it. Having a checklist removes the urge to take everything that looks interesting. Most days I end up with one or two trades, and that's enough."