I can tell now that I am growing as trader. Todays trades was literally a scratch when it comes to the end of trading this morning however, the lessons and growth I had was AWESOME.
The fact that I cut a loss that didn't even need to be cut but b/c my trigger finger went to fast before the break I just cut the loss instantly b/c of fear of disaster shows that I am not betting or gambling habit. and then 1 second later it breaks the level I was anticipating. Missed my re- entry but would of been overall great trade.
and how $GLBS was a great setup and trade. Just loving the results. I know I'm trading paper, but this is just giving me more and more confidence that as long as you wait for the right setups you are good to go. then of coarse have patients and execution. but my favorite lesson today is $PULM. trust me guys, i have done it in the past where I EXPECT A breakout and it looks to break so i buy at the breakout level and then it FAILS and CRASHES HARD. better to lose .05 /share than .30/share. in this case, it didn't break hard, it actually went up and i was right, but i'm glad i cut the loss b/c if i wouldn't of, I would of created a BAD HABIT of trying to PREDICT.
More experienced traders will understand.
What do you use to paper trade? E*TRADE doesn't have that does it?
Nope, I use Interactive brokers. I have a account with them with real money and so I opened a paper one
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