Many traders open trades just because the market “looks bullish.” That’s not a strategy; it’s gambling. Without a plan, you won’t know where to enter, where to exit, or how much to risk.
A planless entry leads to emotional trading—closing too early or holding too long.
Fix it: Create a written trading plan that includes your entry criteria, stop loss level, take profit target, and risk percentage. Every trade should match that plan before you click “Buy” or “Sell.” Discipline turns guessing into strategy.
A planless entry leads to emotional trading—closing too early or holding too long.
Fix it: Create a written trading plan that includes your entry criteria, stop loss level, take profit target, and risk percentage. Every trade should match that plan before you click “Buy” or “Sell.” Discipline turns guessing into strategy.