Rushing into positions

The most mistakes I have made is to rush into positions once I exit them. I've got into many stocks by looking at a single day's price movement and not looking at the watchlists I have compiled over months.

  1. The next time I have to enter a stock I shall look carefully at my existing watchlists and choose among them.
  2. If I find something new I shall go through the chart exhaustively for the previous two years before taking a position in it.

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