How to formulate a trading plan?

The key judgments actually boil down to three:

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

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

3. Is the position appropriate? Only take action at key levels; if you are away from key levels, do not act.

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