Many enter the trading world with great enthusiasm,
but the one who truly succeeds is the person who enters with a clear plan… not based on market mood.
🔹 Why is a trading plan important?
– It prevents you from emotional decisions
– It defines when to enter and when to exit
– It protects your capital
– It gives you a clear vision of your goals and weaknesses
🔹 Components of any successful trading plan:
1️⃣ Market type: Currencies – Stocks – Crypto
2️⃣ Entry strategy: When, how, and why to enter the trade
3️⃣ Risk management: Stop loss – Trade size
4️⃣ Goals: Specific and clear profit
5️⃣ Exit plan: When to close the trade whether you made a profit or a loss
6️⃣ Trader's journal: Record every trade and learn from it
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