// Definition
The entry is the price at which you open a trade.
Explained simply
A good entry is planned, not chased. It usually comes at a level that makes sense, such as a support zone, a higher low or a retest, where the stop-loss can sit close by.
The entry, the stop-loss and the target should all be decided before the trade is opened.
Tip
If price has already run far from your planned entry, skip the trade rather than chasing it.
Learn it on a real chart · EP 02Support & Resistance: How to Draw ThemWatch the free lesson →
For education only, not financial advice. Trading is risky and you can lose money.