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Enter trades based on clear, predefined criteria that signal a high-probability trade setup. Look for confluence between different indicators or price action signals to increase the reliability of your entries. Similarly, establish predetermined profit targets and exit points based on your risk-reward ratio and market conditions.
Regularly review your trading performance and analyze the effectiveness of your strategy. Identify areas for improvement, refine your trading plan accordingly, and adapt to changing market conditions. Keep a trading journal to track your trades, emotions, and lessons learned, and use this feedback to refine your approach over time.
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