How to formulate a trading plan?

The key judgments actually come down to three:

1. What is the current trend? Is it bullish, bearish, or sideways?

2. Where is the price now? Bulls look at support, bears look at resistance, and in a sideways market, focus on the range edges.

3. Is the position appropriate? You can only take action at key levels; if you deviate from key levels, do not act.

Finally, market volatility ≠ trading opportunities; only volatility within the strategy is an opportunity!