📈 The First Rule of Trading: Plan Your Trade, Trade Your Plan 📝
Jumping into the crypto or meme coin market without a plan is like sailing without a compass. To succeed, you need a roadmap for every trade.
🔑 Here’s what your plan should include:
1️⃣ Entry Point: Where will you buy? Wait for confirmation from charts or news.
2️⃣ Exit Strategy: Set your profit targets and stop-loss levels. Know when to walk away.
3️⃣ Risk Per Trade: Never risk more than you can afford to lose—protect your capital.
4️⃣ Market Sentiment: Is the market bullish, bearish, or sideways? Adjust your approach accordingly.
💡 Remember: A well-thought-out plan reduces emotional trading and improves your consistency. Successful traders don’t rely on luck—they stick to their strategy.
Stay tuned for tomorrow’s insight on spotting breakout opportunities.