Everyone must have heard a saying: plan your trades, and trade your plans. This saying is a treasure trove in trading, a very precious statement. If you don't understand this, then you certainly won't succeed in trading. Before you make a trade, you need to assess its space and time before you enter the market. If the market is very flat, like a slight fluctuation that might only be five dollars, can you still make a move after deducting the spread and transaction fees? You might just end up losing. When you make a trade, there must be space and time, and then you can assess your position before proceeding with the trade. All of this should be planned in advance. But if you've planned it out, does that guarantee a win? Not necessarily. You must strictly execute your plan because a plan includes entry and exit points, as well as position sizing. Do you understand? Many people fail precisely because they have no plan at all, and even if they do have a plan, they do not follow it.