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Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.
This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.
Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price.
Some don't have stop loss and they are hoping their entry will recover.
This comes down to greed , and you can also look at it as risking everything, most times they don't intend to loose the trade, they take the bold step of not including stop loss because they are aiming for something bigger and huge,
I once open a trade without the stop loss, I was ready to loose everything in that account, and I had a set target of winning, the trade went perfectly as planned and I made profits , so in this case I risked everything to profit something.
Well, you have the guts to trade without stop loss, its either you are too confident in your decision in your trade or you just want to trade without stop loss, the thing is well yes some experienced traders doesn't need to always put a stop loss in their trades if they are sure with their skills and the analysis theu have, stop loss are being used so that is you are uncertain with your analysis then your loss will be minimal or not too much also stop loss is like an ethics in trading, both stop loss and take profit, its like a zones that tells where you can place your trades whether you can do layering etc. that's why stop loss is very important for a trader to manifest and to use at all time, just to be sure always and just in case something happens and you will not be able to monitor your trade.