Lesson 7: How to Build a Simple but Powerful Trade Plan 🧠📊
Wanna trade like a pro? Then stop guessing and start planning! 📋
A proper trade plan keeps you focused, sharp, and less emotional. Let’s build one together 👇
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Why You NEED a Trade Plan 🎯
Without a plan:
❌ You enter late
❌ Exit too early or too late
❌ Risk too much or panic
With a plan:
✅ You know exactly when to enter, exit, and how much to risk
✅ You trade with confidence, not emotions 💼
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Your 5-Step Trade Plan 🛠️
1. Identify the Setup 🔍
Use support/resistance, trendlines, or price action.
Know why you're entering — not just vibes.
2. Set Entry Point 🎯
Where will you open the trade? Wait for confirmation — don’t rush in.
3. Set Stop-Loss 🛑
How much are you willing to lose? Protect your capital always.
4. Set Take-Profit 💰
Where will you exit in profit? Lock those gains in advance.
5. Risk Management ⚖️
Never risk more than 1–2% of your total capital on a single trade.
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Example 💡
You see ETH forming support at $2,800.
Entry: $2,820
Stop-loss: $2,750
Take-profit: $2,950
Risk: $50 for potential $130 gain = solid 1:2.6 setup 💎
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Trading without a plan is like boxing blindfolded. Plan smart = trade smart. 🧠✅
Next lesson: How to Calculate Position Size Like a Pro 📐📊
#Write2Earn #writetoearn
