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Heres a simple plan:

1.) pick a stock to trade, determine an entry point, think about an exit point
2.) buy the stock (as cheap as possible)
3.) PUT THE STOP ORDER IN
4.) CHECK the stop order
5.) Watch the trade, and the price action very closely
6.) Stick with your plan

Now all of this is fine to just write down in bullet points...but to pick a stock is a chore itself, do i pick breakouts or wait until they consolidate into a pennant, trade sideways, exhaust the sellers? This to me, is where the skill is.

Discipline will make you put the stops and ride the wave until you reach your goal.

You have a 50/50 chance of a winner. Exit the losers and keep the winners running.

Something to start with anyway.

Good luck,

[QUOTE="CanOz, post: 92211, member: 4282"] Heres a simple plan: 1.) pick a stock to trade, determine an entry point, think about an exit point 2.) buy the stock (as cheap as possible) 3.) PUT THE STOP ORDER IN 4.) CHECK the stop order 5.) Watch the trade, and the price action very closely 6.) Stick with your plan Now all of this is fine to just write down in bullet points...but to pick a stock is a chore itself, do i pick breakouts or wait until they consolidate into a pennant, trade sideways, exhaust the sellers? This to me, is where the skill is. Discipline will make you put the stops and ride the wave until you reach your goal. You have a 50/50 chance of a winner. Exit the losers and keep the winners running. Something to start with anyway. Good luck, [/QUOTE]

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