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Plan your trade...
...and trade your plan.
The idea behind that philosophy is that once you are in a trade your view of things can change because you will have a financial interest in where the price goes. If you plan a trade before entering the market you will decide your trade in a rational, unemotional, and balanced way and have in your mind (or on paper preferably) exactly where you intend to place stop loss and limit orders, pre-planned and organised.
Once you open a trade and emotion starts to kick in, you can simply stick 100% to your plan and avoid the sometimes unavoidable and very tempting 'I'll just wait an extra few pips, it's bound to turn in a minute' scanario!
Pete
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