A trading plan takes into account your  style, risk management and expectations. It lays out your entire approach to trade, from the ticker to your entry, exit, goals, and stops. The main takeaway from it is to keep one from making mistakes.
The main focus of your plan should be risk management. It is all about limiting your losses. The less money you lose — especially in your early trades — the longer you can stay in the game. This can help you build healthier long-term trading hab...