The concept
A trade plan answers before entry: why, where in, where out if wrong, where out if right, and how much.
Why it matters
Decisions made calmly beforehand are usually better than decisions made under pressure.
How markets interpret it
Written checklists are common among disciplined traders.
Key takeaways
- Plan before, execute during, review after.
- No plan = no trade.
Knowledge check
A trade plan should be written…