Trading without a plan is like sailing without a compass—you may move, but not in the right direction. Many traders enter the market driven by emotions such as fear, greed, or excitement, believing they can “figure it out” along the way. This approach often leads to inconsistent results and unnecessary losses.
A trading plan defines your entry, exit, risk management, and position size before money is at risk. Without these rules, every market move feels personal, and decisions become reactive rather than strategic. One loss can trigger revenge trading, while one win can create overconfidence—both are dangerous traps.
Markets reward discipline, not impulses. A clear plan protects your capital, controls emotions, and builds long-term consistency. In trading, survival comes first—and a plan is your strongest shield.
Disclaimer: This content is provided for educational purposes only and does not constitute financial advice, including any recommendations to buy, sell, or hold investments. Trading cryptocurrencies carries a high risk. Always do your own research and trade responsibly
