Setting your stop loss and profit targets before entering a trade is crucial for adhering to a disciplined trading strategy. This practice ensures you don’t hang on to losing trades for too long and that you secure profits before they turn back into losses. It's essential to resist the temptation to adjust your stop loss in hopes that the price will recover, especially when it’s nearing the threshold.

If you observe a shift in the market structure on lower timeframes after entering a trade, or if you sense that your strategy might not unfold as expected, it’s wiser to exit the trade immediately rather than waiting for the stop loss to trigger.

Greed isn’t just about financial management; it's a matter of self-control. The best way to keep greed in check is by strictly following a well-thought-out trading plan. Mastering this will not only help you manage your impulses but also build the confidence necessary to become a successful trader.

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