I would form a thesis on each stock on my paper trading watch-list then narrow them down to a top four focus-list. The next day, I'd follow your 9th rule and just watch that price action. Doing that solidified the whole difficult concept of timing a trade after forming a thesis. We can have the right "thesis" but if our timing is off and you buy at the top of a spike for it only to fall a second later (or the opposite in a short-bias trade), your thesis at that point in time was off. I've had
I've had many "correct thesis, but bad timing" entries paper trading - a thing which I imagine beginners like myself may suffer frequently. This is why I treat trading as a business, an art and a science. Manage the risk like a business. Be scientific in the way you research and refine your rules. Be artistic & graceful in the way you execute and time your plan. There's no 100% in this game, but as long as you constantly refine, re-evaluate and overcome your failures you will learn to love even
your failures you will learn to love even the greatest loss you aim to avoid. We need losses, in a way. Without them we learn nothing. Sorry for the rant, but just want to give my take and emphasize the importance of #9 lol. Good luck to you on your trading journey.
@axhtrader thanks so much for your detailed feedback and providing your insights much appreciated 😀
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@lbenton just became a fully transparent trader today!

I know the feeling. I have a felxable job but sometimes i get busy and am unable to keep up with my trades. frustrating!
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