Think carefully and wait until the plan is complete before opening a position; this is a basic requirement for trading.

Before opening a position, there must be clear criteria for bullish and bearish judgments, and a clear entry point. After entering a position, there should be a clear stop-loss and take-profit plan. That's not enough; what if the price rises after entering? What if it rises quickly? What if it rises slowly? What if it goes up and then retraces? All possible scenarios need to be prepared for in advance.

Just think about it simply: if the logic for opening a position is only a rough idea without detailed plans, like looking at a 1-hour MACD divergence and then opening a long position on a 5-minute chart. What is the opening signal? Where to place the stop-loss? If you just look at it and decide based on your mood, can such trading work?

And those who completely rely on feelings to open positions are even worse; there’s no logic, no understanding of analysis, and operations are entirely based on intuition. If they lose, they stubbornly hold on; if they profit, they quickly run away, resulting in big losses and small gains, continuously bleeding the market.

If you are in the third state, stop. First, clarify the trading details before proceeding. Relying on luck for long-term profits will only lead to being drained by the market. If you are in the second state, suffering small losses or losing slowly but unable to make money, it’s time to reflect—since you’ve already learned and done it, don’t stay in a half-hearted state. Work hard to do things well and correctly.

In the end, even if your trading plan isn’t impressive, as long as there is a plan, it’s already much stronger than those who trade randomly, and your probability of profit will greatly increase.