Most traders simply ignore this essential part of trading. By ignoring trade management or by simply not being aware of it, it is only a matter of time before a good trade setup will very easily turn into a losing one if you fail to manage it properly.
Knowing how to manage a trade is very essential especially when you have made an entry. When trading it is also vital to keep track of your trade through trading journal because one is most likely to experience mistakes due to lack of emotional control. And it is important to read the market condition before entry in a trade.