First doing some deep soul searching to know "What Is My Purpose in Going into Trading or Investing?" For money? There should be noble purpose than money alone so business will thrive for a long time.
After knowing my purpose, I then established a Trading Plan, which include: My system or discipline in selecting what stock(s) to trade, the objective price, the entry point, when do I execute the entry, the stop loss price or point, the trailing stop and when to execute stock exit.; My money management system to make sure my capital can stay in the market, after so many consecutive losing trades?
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