Do you really trade according to a plan, or are you just "guessing"? 🧐
Many people mistakenly think that just drawing a few support and resistance lines and then entering orders means they have a plan. This is completely wrong! To know if you are following the plan or not, honestly answer the following questions after each trade:
🔸Have you clearly defined your TAKE PROFIT (TP) & STOP LOSS (SL) points before hitting the Long/Short button? 🎯
You must specify: Entry at price A, if wrong then cut losses at B, if right then take profit at C. Accept a risk of $100 to earn $200.
If you only think "maybe I will sell when..." or "hope the price will go up more" after entering the trade, then that is not a plan! ⚠️