2025-08-23 11:49:07

Trading Principles, a Must-Read for Newbies

First set the cycle, then recognize the direction, and then make the plan.
The plan is how to enter and where to enter.
Why enter, how much to enter
How to exit, where to exit, why to exit
What to do if you did it right, how to handle it if you did it wrong.
If your level does not reach a certain height
Just don't give yourself a hard time.
Whether the market is complex or simple after entering the arena.
Your plan ultimately has only three outcomes.
Stop loss exit, break-even exit, take profit exit

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