You can do it. It's called risk vs reward ratio. Depend of your stop loss and take profit levels. It's more for day/swing trading because haejin is focused on hedge trading, he buy and hold, sometimes take profit, sometimes buy more, but if it does not goes his way, he just hodl :-)
See @philakonecrypto (account closed) or philakone on youtube, he has made really good tutorials for day trading.