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Re: bio33 post# 34223

Wednesday, 11/14/2018 4:00:00 PM

Wednesday, November 14, 2018 4:00:00 PM

Post# of 70335
I have a clearly defined trading plan that I built over 10 years ago keeping me consistent and emotionless to news, press releases, noise, etc. It maintains a sense of consistency without the need to impose any thoughts or analysis paralysis.

It's important to study the behavior of the stock. I review hundreds of stocks to identify those that may potentially match my criteria. Some I put on a watchlist to check daily or every other day.

Many times, I'll watch 2-5 main stocks at a time to monitor the behavior of each; trying to understand the story of the stock (without the need to know anything about it, what it does, etc.). Personally, I don't care what any stock does, their financials, or how many employees they have. I'm solely focused on my trading plan - I keep things simple, so I don't have conflicting outcomes (decisions).

Hope that helps. Take care. Have a great night.

Always have a trading plan in place. Avoid the noise on the boards and focus on protecting capital and following your trading plan.

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