Every professional trader should ask themselves three questions before trading:
1. What is the reason for my trade? 2. If I'm wrong, how much can I lose at most? 3. If it's right, how much do I need to earn to exit? Entering the market without a trading plan is like going into battle without weapons; while others are fighting, you can only stand there blankly and will definitely be the first to fall.
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Every professional trader should ask themselves three questions before trading:
1. What is the reason for my trade?
2. If I'm wrong, how much can I lose at most?
3. If it's right, how much do I need to earn to exit?
Entering the market without a trading plan is like going into battle without weapons; while others are fighting, you can only stand there blankly and will definitely be the first to fall.