What Is a Trading Plan? Why Every Crypto Trader Needs One
Jumping into crypto trades without a plan is like sailing without a compass. A trading plan helps you stay disciplined, minimize losses, and make smarter decisions — even when emotions run high.
Key Elements of a Solid Trading Plan:
Goal Setting: Are you looking for short-term gains or long-term growth with coins like $BTC or $ETH
Entry & Exit Rules: Know when you’ll enter a trade and when you’ll cash out — don’t rely on gut feeling.
Risk Management: Use stop-losses to limit your downside (e.g., 1-2% per trade).
Review & Adapt: Analyze past trades and learn from mistakes to improve your performance.
A trader with a plan doesn’t chase the market — they follow a process. Start writing your own plan today and trade with confidence!