@oliverpips
Trading Without a Plan (Why Most Traders Fail Before They Start):
Trading without a plan is the fastest way to donate money to the market.
A trading plan is not “buy low, sell high.”
It is a predefined set of rules that removes emotion before money is involved.
When traders enter a trade without a plan:
They don’t know why they entered
They don’t know where they’re wrong
They don’t know when to exit
They rely on hope, not probability
And hope is expensive.
A proper trading plan answers four non-negotiable questions before you click buy:
(I) Entry: Why am I taking this trade here?
(ii) Invalidation: At what price is this idea wrong?
(III)Target: Where am I taking profit?
(Iv) Risk: How much am I willing to lose if I’m wrong?
Without these, every price movement feels personal.
You panic on red candles, get greedy on green ones, and start making decisions inside the trade
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