Managing the Trade
Most of what should happen once a trade is open was already decided before it went live, which means managing a trade well is mostly a discipline problem, following what the plan already said, not a live decision-making problem. What’s already decided vs what needs a real call The stop and target come from the plan, and if the strategy calls for moving to breakeven after a defined amount of favourable movement, that’s a rule to apply, not a feeling to wait for. What needs real judgement in the moment is rare: a major, unscheduled piece of news that invalidates the setup’s whole premise, not the ordinary wobble of price moving against an open position the way price always does. ...