Step 4--My First Paper Trade · InvestCEO with Kyle Henris

Step 4--My First Paper Trade

Now that I'm doing the wrap-up activity at the end of Step 4, I took a look at Trading View and noticed that the conditions right now are "acceptable" for a Jedi Bullish Trade (I think): the market structure (1-day chart) is bearish, but plan-level (1 hour chart) is bullish, and there is a fresh demand zone that started about 9am; New York Time (not sure if I identified the green demand zone correctly).

So I went ahead and set up a paper trade with a 2:1 risk factor (blue arrow pointing to it) And, if I understand the Jedi Entry Correctly, I DON'T set up an alarm, but rather go ahead and actually place the limit order, right?

Am I doing this correctly? Or was I supposed to wait until price got closer to my Long Position "Box?" TIA!

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