🤔📝 I blew $5,400 on impulse, not a plan. Don't make my mistake! A simple trading plan is your defense. First, define your **entry criteria**: what specific conditions trigger your trade? Second, set your **stop level**: exactly where you exit if wrong. Third, identify your **profit target**: when do you take gains? Fourth, determine **position size**: how many contracts, based on your stop and account risk (e.g., 1-2% of capital)? Finally, enforce a **max daily loss**: for example, if you're down $100, you stop trading for the day. Writing this down *before* the trade removes emotion and prevents impulsive actions. Trust me, it saves you from chasing losses. Your challenge today: before your next trade, write down these five points. No more guessing!
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