Be rigid in your goals, flexible in your plans. The best chess players aren’t those who calculate the farthest ahead—they’re the ones who adapt quickest when their opponent makes an unexpected move. Trading is the same: “Never blow up in a year” is your goal—unchangeable. “Where to place this stop-loss” is your plan—adjust it when the market changes. Most people do the opposite: they change their goals every day—today aiming to double, tomorrow hoping to break even—yet cling stubbornly to their plans, waiting for prices to return to cost even after they’ve broken through. Each week, I review just one question: Did I change my plan because the data changed, or because I got scared? When was the last time you adjusted your stop-loss—and which was it?