Plan Your Trades: Set Clear Exit Points

To avoid losses in trading, always determine your exit points before entering a trade. Decide how much you are willing to risk and set clear objectives for profit-taking. Markets fluctuate between euphoria and depression, so having a plan helps in staying unemotional and avoiding regrets. Remember, there is nothing wrong with being wrong in a trade, but not rectifying it is a mistake. Take losses if the trade goes against your plan and secure profits when target prices are met to navigate the unpredictability of trading effectively.

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