Watched a video that tells as 5 steps professional traders use.

1. Look at all the possibilities (everything the market COULD do)
2. Weigh the probabilities (based on current information, what’s MOST LIKELY to happen)
3. Create plans of action based on favorable scenarios
4. Enter a position if the market follows one of their plans
5. Cut off the trade/investment if it doesn’t follow their plan

Video link: https://youtu.be/B35dO5zl-Dk?t=650