An institutional trader breaks down three non-negotiable parts of any trading strategy: a clear reason to enter, defined exit rules (take-profit, stop-loss, and time-based exits), and proper position sizing. Without these boxes checked, you don't have a strategy.
As an institutional trader, every single trading strategy needs to have these 3 boxes filled. You need to know why you're opening, you need to know where to close, and generally having take profit, stop loss. And a 3rd condition is having an exit linked to time, for example, closing a position after 1 hour or at a specific point in time like 3 PM. And 3rd component, position sizing. It's really like knowing how you size your trading strategy
