Well In trading , the first thing you would have to under is confidence in your strategy. So that, now show the importance of analyzing the market before entering.

If you don't analyze a market before entering you will always be afraid to enter the market and sometimes be quick to leave the market because of uncertainty. Hence you should analyze your market very well to avoid rushing out of the market.

The importance of strategy is to reduce your losses and  increase your wins . Were if you lose 5 trades and win 5 trades you should still be on profit. We need to understand that the market is not controled by you, so you make your strategies and stick to it