APPETIZER: Once your trade is established, the only thing you have to do is monitor your position and remember your trading plan. If you went into the trade with a plan (and I hope that you did) then remember the axiom, âplan your trade, trade your planâ! Because you put all the thought and work into planning the trade before you opened the position, your job is now simply to remember what your plan is and stick to it. Try not to let your emotions enter the trade after it has already been put into action. Remember that you are now a âbusiness ownerâ and your business is trading. You should learn from your losses and gains alike, and if you close the trade and move on without realizing what made the trade work and what did not, then you will not improve as a trader. Trading is a process in which you are continuously learning and adapting, and the closing of a position should be just as educational as the process involved when you enter a trade. h/t Mike Kleinhenz â Kayline Strategies, L.L.C.