Any trade must have 3 essential elements:
1. Entry Point: The price you find suitable to start from.
2. When to exit if you lose (Stop Loss): A specific number to exit at, even if it's a small loss, to prevent larger losses.
3. When to exit if you win (Take Profit): A specific profit point, to avoid greed and losing what you've gained.
🚫 The biggest mistake new traders make is entering randomly without any plan... the result: either they get greedy and lose their profit, or they hold on to a losing trade until the account is wiped out.
✅ The secret is not in winning one big trade, the secret is in consistently repeating the correct steps.
Plan + Commitment = Continuity and reasonable profit.