Build a trading plan before taking a position

Start with a scenario, not an urge

Before looking for an entry, describe what the market needs to show. An area, a structure and an invalidation condition give you a measurable reason to act — or stay out.

Set acceptable loss before the order

Position size and the stop are not last-minute settings. They define the amount you accept to lose when the scenario is invalidated. That limit protects both capital and judgement.

Review the session honestly

Record the context, decision and whether the plan was respected. A loss can be healthy when the process was followed; a win can hide a poor habit.