Alright Level 2's recently started making sense to me and all the other lessons have been fitting in with it-surprisingly.  So while getting used to this,I have been paper trading since last week.  Despite the paper trading -- a missed opportunity like today (LEDS) still feels real:

Long story short, I formulated a good thesis based on the Level 2, Daily Charts, and 1m Chart for LEDS.  The identified entry was above 6.00 with some contingency/just-in-case conditions like a correction that holds at 6.00. 

The set up was clear enough for me so I decided to wait for the play to kick off.  The mistake in the wait was I decided to wait in the chatroom, only to lose focus on the time spent in there.  Then someone shouted LEDS is "running".

I checked and saw that the run was already in play and beyond my targeted entry point.  Jumping in would have been a sloppy chase,which has taught me in my past trades as a great way to burn my money away.  

Just walked away and haven't looked at intradays afterwards -->Im done for today---I know I'd be itching to trade to make up for the missed opportunity. 

I would say right now that missing a good set up because of a slacker mistake feels as bad as making a bad trade.

I'm blogging this to myself as a reminder not to slack off while on a stake out.