According to Compounding Quality on Twitter, having a financial plan is crucial for traders, even more so than simply aiming to beat the market. A clear financial plan helps crypto traders manage risk, set realistic targets, and navigate market volatility effectively. As of June 2025, well-structured plans are increasingly important for managing crypto assets given heightened regulatory oversight and rapid market shifts (source: @QCompounding, June 6, 2025). Traders with defined strategies are better positioned to optimize their portfolios and respond to sudden changes in digital asset prices, directly impacting trading performance and risk-adjusted returns.