#TradingMistakes101 Trading without a plan is like sailing without a map. Many traders enter markets without clear entry, exit, or risk management rules, leading to inconsistent results. A solid trading plan outlines your strategy, including trade setups, risk limits, and goals. It keeps emotions in check and provides a roadmap for decision-making. Without one, you’re prone to impulsive trades and losses. Take time to develop and test your plan before risking real money. Review and adjust it as needed, but always trade with structure. A disciplined plan is your foundation for long-term trading success and avoiding costly errors.