For example let us say Trader Mr. ImpulsiveAct has 10 stocks in his portfolio. He have trading plan for 6 stocks. One of the stock which he dont have trading plan start to move fast. He enters trade. But he dont have a clue about entry, exit or targets. Obviously he exit the trade with loss. On the other hand Mr. Cool enters a trade when price is moving as per his trading plan. Now its very clear why Mr. ImpulsiveAct lost money and why Mr. Cool gained money.
When we learn trading we dont know how traders trade based on impulsive thoughts. After entering to trading only we experience about it. Discipline yourself not to trade/act based on impulsive thought.
Look whether the chart suits ur trading plan so that the leap which u r going to take will get u to the other end . If u leap ( Enter a trade ) without looking (Trading plan ) , you are not going to reach thee other end and hence get hurt by falling into the pit.
My fears are nothing but illusions &
Reality is very simple and boring, sometimes not easy to believe that its possible.There is no "ABRA KA DABRA "
Biggest Risk factor in Trading is Trader.
now Impulsive Trading
To avoid impulsive trading either you make plan and just stick to it no matter what.
Try to look at screen and gain control over yourself i think alot practice will require(I failed in it )
SO I prefer former.